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There’s Still Time To Win It All Back

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  • Posted By: sheilaeck @ 02/12/2009 9:21:22 AM

    We have NEVER experienced anything like what is going on now and why everyone looks at "history" just amazes me!!! This country is UPSIDE DOWN and until the idiots in Washington other than the President have "term" limits; nothing will change. THEY are in it for themselves NOT "us".

  • Posted By: DougNHI @ 02/11/2009 7:39:42 PM

    you're kidding right? I hate to disrespect people on-line, but this advice to "buy now!", is pure and UTTER CRAP. If you want to give good advice, let people know that the only time "buy and hold" works, is during a bull market. For every 20-25 year bull market, there's an equal 20 years of time when you could have lost money or made nothing. Doubt it? Check it. Go to stockcharts.com and pull up the market history from 1900 to now. You'd see exactly what I'm saying. DO YOUR HOMEWORK before you encourage and become responsible yourself for having people who's lives have already been ruined by loss of housing and stock bubbles to become even more impared by "buying now" mentality. The fact is, we're in serious trouble, and it's not over yet. As they say when coming down the passes.....steep grades ahead! Buyers beware. Cash is king, and return OF investment is much more apt right now than return ON investment. Those in debt would be very well advised to get out of debt and batten down the hatches for what's coming. God bless....

  • Posted By: 4carol @ 11/03/2008 2:28:34 PM

    Nowforsomemoretruth. That's obviously only one of your issues; like MCWar, it's just difficult for you to get out the truth. He's not giving anything to anyone who pays no income tax....do you ever, just ever, get real????
    And just like Joe the plumber is a real plumber and makes 250,000 net a year.........YEHHHH RIGHT!!!!
    And just also sounds to me, that you may be a bit prejudice????!!!!!! Grow up and get with the rest of the world who look at MCWAR/Palin as a war monger/joke!!!!

  • Posted By: Nowforsomemoretruth @ 10/30/2008 7:27:14 PM

    Yah, get some back, but then Obama will tax it a gains and give it to someone who pays no income tax. And now there is proof.

  • Posted By: Nowforsomemoretruth @ 10/30/2008 7:27:04 PM

    In the exchange with "Joe the plumber" Obama unintentionally revealed that he really is as radical as his early political acquaintances, Davis, Ayers, Wright, etc., (gee, there sure seem to be a lot of them) and that he is into the failed economic policy of wealth redistribution. Now there is absolute proof. In 2001, Obama, the "community organizer" turned legislator, said in an interview:

    "And I think one of the tragedies of the civil rights movement was that the civil rights movement became so court-focused, I think there was a tendency to lose track of the political and organizing activities on the ground that are able to bring about the coalitions of power through which you bring about redistributive change, and in some ways we still suffer from that,"

    http://www.youtube.com/watch?v=iivL4c_3pck

    2001 Chicago Public Radio Interview.

    Obama's tax and spending plans alone would be bad enough, but add Reid and Pelosi to the mix, with the three of them controlling both houses of Congress and the executive branch without any effective restraint, and you have something that should causes concern even among moderate Democrats.
    See Wall Street Journal: A Liberal Supermajority:

    http://online.wsj.com/article/SB122420205889842989.html

    Indeed, some democrats are publically saying as much. See Barney Franks comments on the news, including face the nation last week, stating essentially that Democrats in Congress intend to greatly raise taxes and go on a spending spree.

    http://www.youtube.com/watch?v=u1Mazjm_A5k

    http://www.youtube.com/watch?v=cJGnSAlqjoU

    See http://www.taxfoundation.org/blog/show/23617.html

    Obama's ill-conceived programs will require him to tax, and his health care plan alone is a substantial hidden tax on all business, large an small. In reality, it does not really matter who he taxes, those taxes are going to be passed through the economy. He has to tax, because it is they only way he can pay for his massive social engineering experiments. Any first year economics student knows that taxation is a tool used to contract an economy experiencing inflation, because it reduces demand by reducing the amount of money individuals and businesses have to spend. It is contractionary, which is exactly what you do not want to do when the problem is that the economy is contracting already into recession. Like Hoover and FDR, Obama's plans will only make it worse for longer.

    See e.g. http://www.cbsnews.com/stories/2008/10/03/opinion/main4499465.shtml
    And
    http://newsroom.ucla.edu/portal/ucla/FDR-s-Policies-Prolonged-Depression-5409.aspx


    The democrats failed social engineering policies are what brought us to ruin. http://www.youtube.com/watch?v=Lr1M1T2Y314&feature=related
    Even Bill Clinton says so. http://www.youtube.com/watch?v=XsynspIqAoE
    Obama and a supermajority of Democrats simply is not the change we need, nor is it change we can afford.

  • Posted By: Nins @ 10/30/2008 2:45:52 PM

    Honestly, looking at McCain and Obama objectively (without any party affiliation or any racism) I really can't see why anybody would vote for McCain. Obama has offered a much more coherent plan to get America out of the economic disaster we are in.

    Right now, most people are anxious about the economy, fearing the worst but hoping for the best.

    Reality check: within 18 months YOU could be standing in a bread line. That's how bad it really is. And Obama will work actively to prevent this short term, as well as make us strong again long term. As much as I like McCain and admire his patriotism, he really is not up for the job, not now with the global markets falling apart.


    Obama's economic plan can be found at:

    http://www.barackobama.com/issues/economy/index.php

  • Posted By: Vote Now @ 10/29/2008 6:58:53 AM

    I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
    He perfectly predicted the current meltdown and the picture he paints about what will happen next
    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 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 seen in generations
    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 how its been broken.
    It is no surprise that he doesn't. The people that make up these securities use quantum 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 was the last to know somthing 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 budget 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
    Stand up and hold them accountable
    Bush isn't on the ballot this year but his policies are
    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: Vote Now @ 10/29/2008 6:58:44 AM

    I follow an economist named Bob Proctor. He has called the top and bottom of every market crash since the 70s correctly.
    He perfectly predicted the current meltdown and the picture he paints about what will happen next
    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 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 seen in generations
    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 how its been broken.
    It is no surprise that he doesn't. The people that make up these securities use quantum 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 was the last to know somthing 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 budget 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
    Stand up and hold them accountable
    Bush isn't on the ballot this year but his policies are
    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: Texas Jake @ 10/28/2008 8:20:25 PM

    OMG! RUFKM? Baby Boomers just got fleeced, and your "banker approved" advice is to give the banks even more money? You do not realize that they take at will? This is insane! My advice is to get off the grid and try to survive.

  • Posted By: Nins @ 10/28/2008 4:47:04 PM



    Here's a video in which Obama discusses fiscal responsibility. Anyone who cares about the economy should see it.

    http://www.youtube.com/watch?v=5d4a6RNhCUo

    On this web page, you can calculate the amount of your TAX RELIEF under Obama's plan (This tax calculator is for personal income, not for businesses. Remember that if you itemize, your tax cut will be higher than what the calculator shows. However, Obama's new 1040EZ allows people to get credit for some itemizations without having to fill out the long form and schedules.)

    http://taxcut.barackobama.com/

    You can get even more information on Obama's economic policies from the Blueprint for Change.

    http://www.barackobama.com/issues/

  • Posted By: gordongechko @ 10/28/2008 1:12:07 PM

    there is a question of credibility......

    no one else can issue corporate stock other than a corporation

    high yield bonds and corporate stock were (are) not the most impacted by this recent rally...international stocks are....

    perhaps quoting from someone other than a wealth manager in Traverse City Michigan might be helpful to say more accurate.

  • Posted By: eagle575 @ 10/28/2008 1:11:25 PM

    what's the point? with the coming nationalization of all tax-sheltered plans by congressional dems, and the resulting tax bill on the $3-4 trillion in those plans, there is no point. regardless of the headline, it' has been introduced as legislation to be considered in january. what is not spoken of in the article, but pelosi put in the congressional record (whether by speaking on the house floor or by written comment i'm not sure), is that 1) all Americans would be subject to a 5% tax on their gross, after tax, in addition to social security; 2) that would be used to purchase government guaranteed bonds paying 3% (huh? ingdirect does better than that) 3) it would be paid out to equally to all Americans (and illegals btw) regardless of amount contributed 4) tax advantaged treatment for ira's, keough's, and other plans would end. Investors Business Daily, Financial Times

    what's interesting is pelosi's comments - "we have 12 million undocumented workers (read: illegal aliens) that deserve their piece of the American dream."

    right. i don't think so.

    http://www.workforce.com/section/00/article/25/83/58.php

  • Posted By: gordongechko @ 10/28/2008 1:09:43 PM

    Perhaps the article would be more creditable if the sources, namely Paul Sutherland, were remotely accurate.

    Corporate stocks and high yield bonds were not the hardest hit in the recent retreat....International stocks were, followed by domestic stocks (not limited as Mr. Sutherland suggests..'corporate stocks') and then bonds.
    By the way, what are entity besides a coporation can issue corporate stock......

    perhpas the author of this article should develop more creditable sources

  • Posted By: peytonca @ 10/28/2008 12:26:50 PM

    Interesting article. However, if you are 65, you are not eligible for an HSA. What's with that? Do the rules say that 65 year olds aren't working?

  • Posted By: peytonca @ 10/28/2008 12:25:06 PM

    All interesting advice..........however, if you are over 65, you can't have an HSA. What's with that? Anyone else run into this?? I guess they don't believe that 65 year olds are working! Ha.

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