PERSONAL FINANCE

Safeguarding Your Money

Just how conservative should you be?

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  • Posted By: tiredoflies @ 10/10/2008 2:38:19 PM

    On business taxes:

    McCain is now trying to DUPE the American people yet again.

    He is saying Obama is going to tax 50 percent of small business INCOME.

    Read it carefully. He is trying to make you think that means 50 percent of small business.

    NOT TRUE. Because 50 percent of small business INCOME is made by the TOP
    FIVE PERCENT of small businesses.

    MCCAIN DOES NOT WANT YOU TO REALIZE THIS BECAUSE THIS SHOWS OBAMA IS CORRECT IN HIS 95 PERCENT TAX STATEMENT.

    In other words, McCain is trying to PLAY THE ELECTORATE FOR FOOLS by DISTORTING THE TRUTH, yet again.

  • Posted By: clikdawg @ 10/10/2008 12:23:46 AM

    When Black Friday comes
    I'll stand down by the door
    And catch the grey men when they
    Dive from the fourteenth floor
    When Black Friday comes
    I'll collect everything I'm owed
    And before my friends find out
    I'll be on the road
    When Black Friday falls you know it's got to be
    Don't let it fall on me
    When Black Friday comes
    I'll fly down to Muswellbrook
    Gonna strike all the big red words
    From my little black book
    Gonna do just what I please
    Gonna wear no socks and shoes
    With nothing to do but feed
    All the kangaroos
    When Black Friday comes I'll be on that hill
    You know I will

    When Black Friday comes
    I'm gonna dig myself a hole
    Gonna lay down in it 'til
    I satisfy my soul
    Gonna let the world pass by me
    The Archbishop's gonna sanctify me
    And if he don't come across
    I'm gonna let it roll
    When Black Friday comes
    I'm gonna stake my claim
    I'll guess I'll change my name Enter Your Comment

  • Posted By: davidkingnj @ 10/09/2008 9:42:56 PM

    The American economy has endured more intense downturns than this in the past, and we will weather through this and come out as strong as ever. Insinuating blame on any particular party, candidate, or person for the current economic woes certainly shows how little many people understand about our financial markets. The simple truth is that "what goes up, must come down". This age of "huge" financial corporations has only intensified our vulnerability to these rapid ascents and descents in the financial markets, and "deregulation" has only made things that much worse; the bigger they are, the harder they will fall.

    We're in a downward spiral, and we need to figure out how to get ourselves out of this tailspin without the name calling.

    To he who referred to Senator Obama as "Oprahma", and somehow tried to insinuate blame. I can point out that this only goes to show the level of ignorance on these matters, and probably a complete lack of understanding of basic everyday matters. Ironically, the same person who has resorted to this name calling also calls those, who would like to cast their vote for Senator Obama to be our next president, as "childish, illusory, ... immature, ignorant, and paradoxical." Also, he calls himself and "expert" ... ??? I'm quite puzzled.

  • Posted By: techresmgt @ 10/09/2008 8:13:29 PM

    It appears many of the Dem immature simply want Oprahma to get elected out of 'revenge' and some kind of 'karma payback'. That is not only childish and illusory, it is irresponsible, immature, ignorant, and paradoxical. Those that buy into this lame mentality will suffer the same consequences as everyone else. Your hopes and dreams of payback and revenge will shoot you in your foot and hopefully your rear ends.

  • Posted By: techresmgt @ 10/09/2008 8:10:02 PM

    The only expert I am listening to is ME.

  • Posted By: Nowforthetruth @ 10/09/2008 7:52:26 PM

    From: http://www.marketwatch.com/news/story/rnc-obama--acorn-fact/story.aspx?guid=%7B29569FA1-136D-4B95-9D51-4EF9E87ED547%7D&dist=hppr

    Obama's Campaign Paid Over $800,000 To ACORN For Get-Out-The-Vote Efforts, But "Mistakenly Misrepresented" Their Work To The FEC:

    Obama's Campaign "Paid More Than $800,000" To ACORN For Get-Out-The Vote Efforts; The Campaign Originally "Misrepresented" The Group's Work To The FEC. "U.S. Sen. Barack Obama's presidential campaign paid more than $800,000 to an offshoot of the liberal Association of Community Organizations for Reform Now for services the Democrat's campaign says it mistakenly misrepresented in federal reports. An Obama spokesman said Federal Election Commission reports would be amended to show Citizens Services Inc. -- a subsidiary of ACORN -- worked in 'get-out-the-vote' projects, instead of activities such as polling, advance work and staging major events as stated in FEC finance reports filed during the primary." (David M. Brown, "Obama To Amend Report On $800,000 In Spending," Pittsburgh Tribune Review, 8/22/08)

    The link below describes how some in Congress tried to use the original version of the bailout bill to divert money eventually recovered to groups like ACORN, a group Obama has a long association with. See:

    http://online.wsj.com/article/SB122247015469280723.html?mod=googlenews_wsj

  • Posted By: Pepita @ 10/09/2008 7:49:55 PM

    What a bunch of fullshit! Are we, the middle class, just sink and let your wealthy clients save themselves by some exotic piroute? I hope and pray Obama gets elected and you get taxed to the max.

    Josefina

  • Posted By: cvdavide @ 10/09/2008 7:35:33 PM

    It's widely known fact that the stock market is a predictor of where the economy will be in six months. It's also a predictor in the confidence of people in their political leaders. For the most part, investors now understand that come January, there will be a President Obama and a strongly Democratic Congress. Does it look like they have confidence in that combination??

  • Posted By: cvdavide @ 10/09/2008 7:35:18 PM

    It's widely known fact that the stock market is a predictor of where the economy will be in six months. It's also a predictor in the confidence of people in their political leaders. For the most part, investors now understand that come January, there will be a President Obama and a strongly Democratic Congress. Does it look like they have confidence in that combination??

  • Posted By: lalaura @ 10/09/2008 5:49:44 PM

    This guy says that America should trust our government to take the necessary and appropriate steps. Has he been watching the news for the last 8 years? Like the gov't did a good job chasing down Osama bin Laden? Like they did a good job investigating the presence of WMD in Iraq? Like they did a spectacular job addressing issues after Hurricanes Katrina, Rita, Ike, etc.? Thanks to all the morons in this country who voted for the moron president. Yea, I trust him. Sure.

    • Posted By: enwr77 @ 10/09/2008 5:55:00 PM

      Could not have said it better myself.

      • Posted By: Yabecoo @ 10/09/2008 6:43:35 PM

        You seem to think that congress is nothing but George Bushs'. He's worthless yes but it's full of plenty of people who oppose his views but none of them did anything to avert this often predicted crisis either. Face the facts, they're all worthless including the guy who's been running for president since he got congress 2 years ago.

  • Posted By: cani77 @ 10/09/2008 6:40:31 PM

    In a few weeks we will make a choice that will decide our future.
    I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
    Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
    is terrifying.He thinks it will be worse then the great depression.
    The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
    The government took them over because they are essentially bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
    the credit markets are frozen and all of us may suffer beyond anything in the last 80 years.
    McCain just like Bush " doesn't understand the economy".
    That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
    It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
    Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
    Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
    Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
    No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He didnt realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
    It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
    even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
    If you do what you have always done then you will get what you have always got.
    When it comes to policy Bush and McCain are the same 90 percent of the time.
    So why are the polls even close then ?
    Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
    which means running the biggest smear campaign in history.
    They think they can just tell you lies and you wont be smart enough to see through it
    Let's teach him we are smarter than that .
    Elect Obama Biden 2008


    Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
    http://www.youtube.com/watch?v=r36Xc0GG4iQ

  • Posted By: cani77 @ 10/09/2008 6:40:23 PM

    In a few weeks we will make a choice that will decide our future.
    I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
    Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
    is terrifying.He thinks it will be worse then the great depression.
    The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
    The government took them over because they are essentially bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
    the credit markets are frozen and all of us may suffer beyond anything in the last 80 years.
    McCain just like Bush " doesn't understand the economy".
    That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
    It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
    Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
    Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
    Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
    No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He didnt realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
    It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
    even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
    If you do what you have always done then you will get what you have always got.
    When it comes to policy Bush and McCain are the same 90 percent of the time.
    So why are the polls even close then ?
    Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
    which means running the biggest smear campaign in history.
    They think they can just tell you lies and you wont be smart enough to see through it
    Let's teach him we are smarter than that .
    Elect Obama Biden 2008


    Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
    http://www.youtube.com/watch?v=r36Xc0GG4iQ

  • Posted By: cani77 @ 10/09/2008 6:40:12 PM

    In a few weeks we will make a choice that will decide our future.
    I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
    Also, he perfectly predicted the current real estate market meltdown and the picture he paints about what will happen in the next couple years
    is terrifying.He thinks it will be worse then the great depression.
    The banks in the U.S. are going under one after the other. Countrywide ,Bear Stearns, Lehman Brothers and Merrill Lynch , Fanny and Freddy Mae ,AIG
    The government took them over because they are essentially bankrupt. Even with the goverment nationalizing hundreds of billions of dollars in debt the stock market is crashing
    the credit markets are frozen and all of us may suffer beyond anything in the last 80 years.
    McCain just like Bush " doesn't understand the economy".
    That not just my opinion its his own words. Not only does he not understand how to fix it but he does not understand exactly what is broken.
    It is no surprise that he doesn't. The people that make up these securities use complex mathematical models very few people understand.
    Bush and McCain both can take the credit for this mess since they helped deregulate the laws that were protecting us.
    Bush's economic advisor Phil Graham wrote the deregulation bill that allowed banks to take huge risks with all of our future.
    Now, Phil Graham is the head of McCain's economic policy.He is also McCain's choice for the next secretary of the treasury.
    No one in this country can afford for that to happen. The last time Bush met with his economic advisors was in March. He didnt realize that anything was wrong. Phil Graham had the guts to say that we are in a mental recession after he helped create the worst economy meltdown in our lifetime. Check out this link to the truth http://my.barackobama.com/keatingvideo
    It will take the best and brightest minds in the world to get us out of this nightmare. As bad as Bush has done, McCain would be
    even more destructive because things are in much worse shape. The next president will not inherit a surplus like Bush did but a crashing economy and a 11,600,000,000,000 (trillion) dollars deficit. Most of it Bush created and it will take decades to pay it back.
    If you do what you have always done then you will get what you have always got.
    When it comes to policy Bush and McCain are the same 90 percent of the time.
    So why are the polls even close then ?
    Mccains team just said they no longer want to talk about the economy.Instead they would like to spend time talking about obama
    which means running the biggest smear campaign in history.
    They think they can just tell you lies and you wont be smart enough to see through it
    Let's teach him we are smarter than that .
    Elect Obama Biden 2008


    Check out this video of sarah palins interview and ask your self if she understands what she is talking about.
    http://www.youtube.com/watch?v=r36Xc0GG4iQ

  • Posted By: bobinmelbourne @ 10/09/2008 5:38:53 PM

    Pilots should not have parachutes if their passengers don't have them.

  • Posted By: bobinmelbourne @ 10/09/2008 5:37:37 PM

    Pilots should not be issued parachutes if their passengers don't have them.

  • Posted By: TOMLEO @ 10/09/2008 5:24:52 PM

    Keeping people employed and not under employed is the foundation of productivity. If productivity is kept up, all of these other money movement issues are solved. There is not enough thought to keeping employment up. Employment, it seems, is only an after thought to money movement issues. It should be top priority. If joblessness increases to high levels or people are forced to work below their skills; disaster looms.

  • Posted By: ThinkPatrick @ 10/09/2008 5:15:55 PM

    When the third-quarter earnings come out ... just watch how bad this gets.

  • Posted By: enwr77 @ 10/09/2008 5:05:34 PM

    The market is the fossil fuel of our economy. We need an alternative. To think this administration wanted to put our social security monies in the market. They got it anyway with the bailout scare which is reminisce of weapons of mass destruction argument. It is this scare that keeps the market falling. When this administration goes, then we can talk about the economy rebounding. The original baby boomers, which I am one of, have given everything our parents earned post WWII back to Europe, to the victors goes the spoils of war. This was done by globalization. Bush ruined every company he started in the same manner he has ruined our country, spend, spend, spend money that is not there. You cannot talk about our economy without talking about the cost of both wars we are fighting. This administration is just setting up for after he is out of office. The bailout still gives them access to our tax dollars.

  • Posted By: enwr77 @ 10/09/2008 5:05:20 PM

    The market is the fossil fuel of our economy. We need an alternative. To think this administration wanted to put our social security monies in the market. They got it anyway with the bailout scare which is reminisce of weapons of mass destruction argument. It is this scare that keeps the market falling. When this administration goes, then we can talk about the economy rebounding. The original baby boomers, which I am one of, have given everything our parents earned post WWII back to Europe, to the victors goes the spoils of war. This was done by globalization. Bush ruined every company he started in the same manner he has ruined our country, spend, spend, spend money that is not there. You cannot talk about our economy without talking about the cost of both wars we are fighting. This administration is just setting up for after he is out of office. The bailout still gives them access to our tax dollars.

  • Posted By: dccv @ 10/09/2008 5:04:51 PM

    My question is then where were we in 2004? If the median shifted too far in 2004, what will it take to at least get us back to where we were 4 years ago?

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