TP ( 11 MINUTES AGO)

Without taking office, the Obama presidency is rocked by another scandal. Attempts to distance himself from the embattled Ill Gov have failed miserably and now this. Gov Richardson, Obamas pick for Sec of Commerce admitted to being a dumbfuck and all that and this and all that...

NEVER in the history of the world has there been a President elect that has had more scandal BEFORE EVEN TAKING FRIGGIN OFFICE than this schmoozer.

And I'm not writting anymore cuz its too hard to do.

Impossible. Obama is as clean as they come.

I don't care anymore, America will get what they deserve (false hope).

AND NOW ANOTHER SCANDAL! Geithner. Amazing. Get the courts ready cuz as this administration leaves office, it will be THE most indicted bunch ever judging by all the problems he's having before even taking office.

AMAZING!

It's two scandals -- tax evasion AND employing illegal immigrants! Tahoe, you're slipping up your opportunities to stir up the drama. :)

http://www.nfmpolitico.com/2009/01/13/obama-teams-talking-points-on-geithner/

This has to be the first time I've failed at being a shit disturber.

This has to be the millionth time I've failed at getting internet attention.

Is it difficult to just come on the board attack a poster (posters) and leave? I'll have to try that. Second thought, nah.

I'm glad there is only one of you on the board.

Is it difficult to just come on the board attack a poster (posters) and leave? .
Yes. You've done it too with your shitty memory. i apologize if i can't make dragging this moment of calling you out last forever and a day like you try from time to time. Accept my middle finger as compensation friend.

Yes. You've done it too with your shitty memory. i apologize if i can't make dragging this moment of calling you out last forever and a day like you try from time to time. Accept my middle finger as compensation friend.

Fuck you. I don't come and just attack some som bitch unless he/she starts some shit with me first, imo.

I come here to laugh, gain some info, talk bout MY Detroit teams and fuck around.

At least you said "IMO", because that's not a fact.

You should know by now that "imo" is Tahoe's bail out.

You should know by now that "imo" is Tahoe's bail out.

At least I don't edit my posts! That, friends, is a bailout.

Hardee har har

You're wrong, imo.

No U

You're wrong, imo.
lol

lol

lol

Can we call this Tahoe's bailout thread imo?

^^^Is that a badass Willem Dafoe?

Can we call this Tahoe's bailout thread imo?

The thing is, in politics, it really is about opinions. So thats why I state my preference with that...imo.

But unlike you on your high horse who thinks his opinions are facts. You'll learn that...imo.

lol

There are some factual aspects to politics. In fact, seeing the intersection between politics and hard honest unassailable facts is among the most amusing aspects of politics. ;)

I really like the title of this thread. I wish "ROCKS" was the only word in all caps though. That would make it better ... imo.

For Bill Clinton, it was:

"Another Scandal COCKS The Clinton Campaign"

For Dubya, it was:

"Another Scandal MOCKS The Bush Campaign"

So, ROCKS is a natural progression.

And now Daschle

What role does he have in the campaign?

I could look it up, but I'm lazy.

He's the Secretary of something or other designate.

He used to lobby drug companies or something and now he'll be overseeing them. Seems to be 180 degrees from what BO was saying he would do...but I'm not following that closely either.

And now that Daschle got the appointment, he paid a huge amount of back taxes. And BO gave the same..."He made a minor mistake. None of us are perfect, but Daschle is the right guy for the job' routine....you know the Geithner line.

Mxy...help. No spin please.

He is President Barack Obama's nominee to serve as the Secretary of Health and Human Services (HHS) in Obama's Cabinet.[1]

Secy of something-or-other designate = Secy of HHS

He's the Secretary of something or other designate.

He used to lobby drug companies or something and now he'll be overseeing them. Seems to be 180 degrees from what BO was saying he would do...but I'm not following that closely either.

And now that Daschle got the appointment, he paid a huge amount of back taxes. And BO gave the same..."He made a minor mistake. None of us are perfect, but Daschle is the right guy for the job' routine....you know the Geithner line.

Mxy...help. No spin please.
Daschle is a shithead. I've never had much use for him. I haven't had much use for any Senate majority leader since Mitchell. As with a number of these appointments, they're various flavors of insider scumbag that I hope can be directed usefully by Obama, who I think is somewhat less scummy.

When Daschle couldn't deliver South Dakota to Obama in the primaries after it was already over, I'd written Daschle off as a stepping stone whose time had passed. I didn't expect him to re-emerge, except perhaps to run for Thune's seat/his old Senate seat in 2010.

FWIW, I consider Geithner to be in a different category than Daschle. The tax law that Geithner fumbled is so confusing that the IRS forgave penalties for anyone who hit it, long before Geithner hit the cabinet scene. The error escaped Geithner, two accountants, and TurboTax. Obama ran on a plank of simplifying the tax code and tax preparation. Tax code so complex that half the people subject to it don't know to pay falls into that category. This isn't like the car being a taxable perk, which is straightforward and understood by any modern accountant.

What are you overall unbiased thoughts on BO's appointments versus what he is saying?

Sorry bout the unbiased mention :)

Obama's appointing people who, for the most part, know how to get things done in the Beltway. Daschle is a shithead, but he knows the inner workings of most of the shit he's being called upon to manage and execute. Bush's appointees to HHS were D.C. outsiders, popular governors who went straight into HHS without a health or Beltway background.

It's unclear if Obama can sustain setting a powerful enough direction for some of his cabinet departments -- just way too soon to answer that. He's taking some pretty big stabs at fulfilling campaign promises thus far, even as the economic stimulus sucks the air out of everything else. But, most presidents will do that sort of thing in their first few months.

Unlike most incumbents, Obama doesn't have a whole lot to work with as far as resources. The longer the economy stays sour without some "distraction", the less power he'll have. There's only so much that you can do when you're broke. So, he needs to get some of the big stuff in motion now while he and many legislators have a honeymoon going.

Daschle withdraws. Fucking thief shouldn't have been nominated in the first place...since they knew of him owing 128k in back taxes.

BO ran against the way things were done in Washington and then he comes in and appoints peeps that he has been complaining about. Not only that but he appointed 3 peeps with tax troubles ( a couple rather serious tax probs) and that gives regular peeps the impression that there is a set of rules the regular folk and a set of rules for the higher ups. One can conclude a bit of hypocrisy.

I'm not surprised, Tahoe.

Most of what he said while on the campaign trail was just fluff.

Things are going exactly how I thought they would.

Another one!

http://wigs.garydave.com/stuff/Pictures/rubbish/baracat.jpg

He shouldn't throw snow balls at dogs like that.

LOL@another one.

That's a brilliant addition.

http://firstread.msnbc.msn.com/archive/2009/02/03/1779622.aspx

BO ran against the way things were done in Washington and then he comes in and appoints peeps that he has been complaining about. Not only that but he appointed 3 peeps with tax troubles ( a couple rather serious tax probs) and that gives regular peeps the impression that there is a set of rules the regular folk and a set of rules for the higher ups. One can conclude a bit of hypocrisy.

Bush would have kept him. Obama admitted his mistake and corrected things. You probably didn't watch Anderson Cooper's interview with Obama, but it was certainly refreshing to have an honest president speaking to you.

Obama's more concerned with his public perception than Bush is.

If it's controversial in any way, Obama's going to explore another option.

Probably the smart thing to do.

Bush would have kept him. Obama admitted his mistake and corrected things. You probably didn't watch Anderson Cooper's interview with Obama, but it was certainly refreshing to have an honest president speaking to you.

You know the advice that you libs gave Repubs when they talked about Clinton? Try it.

Bush isn't in office, BO is. Deal with it.

And lol @ Bush would have kept him.

Would Bush have done this?

Obama on nominees: 'I screwed up' (http://www.yahoo.com/s/1025586)


"And I'm here on television saying I screwed up and that's part of the era of responsibility, is not never making mistakes; it's owning up to them and trying to make sure you never repeat them and that's what we intend to do."

What a great attempt to disarm!

Honesty is such a cheap tactic.

And no, I'm not that naive.

And now Daschle
http://www.theonion.com/content/amvo/daschle_paid_220_000_by_health?utm_source=onion_rs s_daily

^ nice

The Dow has been absolutely TANKING since Nov 4th...

It's lost closed to 15%.

Nobody else will tell you that.


Obama's going to have to lower his capital gains taxes. It's hampering investors because they're not going to get as big of a return.

I'd expect him to address that issue within the next 6 months.

I'm sure it (the failing stock market) has everything to do with Obama and nothing to do with businesses collapsing left and right.

Oh, and that is Obama's fault, too, right?. He single-handedly destroyed the US economy in two weeks.

He roped me in, damn.

http://people.ischool.berkeley.edu/%7Ehal/people/hal/NYTimes/presidents.jpg

Obama's going to have to lower his capital gains taxes. It's hampering investors because they're not going to get as big of a return.
You realize that you pay capital gains only when you cash out, right? You take money OUT of the market. There's no reason once that happens that the money goes back INTO the market. A low capital gains tax at this point simply means an exodus out of the market, not new spending.

Investors aren't investing because they expect things to get worse. Why buy now when they can buy later for less? Hell, I'm playing that game right now. When they do buy now, it's been artificially distressed assets. They're gonna hold for awhile until the market appreciates their value.

WTF do they teach you at Walsh, anyway?

Wil really struggles when he's not repeating neocon talking points.

You realize that you pay capital gains only when you cash out, right? You take money OUT of the market. There's no reason once that happens that the money goes back INTO the market. A low capital gains tax at this point simply means an exodus out of the market, not new spending.

Investors aren't investing because they expect things to get worse. Why buy now when they can buy later for less? Hell, I'm playing that game right now. When they do buy now, it's been artificially distressed assets. They're gonna hold for awhile until the market appreciates their value.

WTF do they teach you at Walsh, anyway?


Okay, first of all raising captital gains tax which Obama has done doesn't yield any revenue. It actually COSTS money. Whenever the capital gains tax goes up, revenue drops. And when it's cut, revenue rises.

Because when the tax is cut, more people are willing to sell stock or real estate, because less of their profit will go to taxes.

When the tax goes up, they stop selling because of the high tax rate. And even at the reduced capital gains tax rate, the more turnover there is in stocks, real estate, and other investments, the more money the government makes.


April 16, 2008, ABC News

Charlies Gibson: "Why would you raised the capital gains tax, despite the history that suggested that such an increase would not only fail to augment government revenues, but would actually depress them?"

Barack Obama: "Well Charlie, what I've said is that I would look at raising the capital gains tax for purposes of fairness."

You can't really rationalize against it, the stock market speaks for itself.

It doesn't take a degree to figure that out, Mxy.

Lol.

And now Hilda Solis - Labor Sec Designate Besides her husbands problems, she 'volunteered' in a group that endorses a bill that removes the requirement that Union elections be done by secret ballot.

WHO THE FUCK is doing the vetting up there? Blagojevich?

And now Hilda Solis - Labor Sec Designate Besides her husbands problems, she 'volunteered' in a group that endorses a bill that removes the requirement that Union elections be done by secret ballot.

WHO THE FUCK is doing the vetting up there? Blagojevich?

Why is that bad?

The group, iirc, is basically a lobbying Congress. I thought BO was talking bout not having peeps who were lobbying congress in his admin.

And he hubbies tax problems and you have another ??? appointment.

Oh and the Zinni thing is kind of crazy too. BO just needs to get it together and he'll be fine.

Did she lobby congress?

Thats the way I understood it.

Someone said her hearing were delayed today. I have no idea IF thats true or IF its because of her issues.

Okay, first of all raising captital gains tax which Obama has done
No, he hasn't. What bill did he pass to effect that change?

Newsflash: When a President promises a lot of things, that doesn't mean it's something they can deliver directly. Often, what that means is "I will approve legislation to do such-and-such, and veto legislation that doesn't do it how I want". In practice, that's a powerful tool for a president to make Congress do something agreeable.

Obama may still want to cut capital gains. He'd certainly wanted to. But now isn't the right time to do it, and no one is seriously proposing legislation to do it. Long ago in another thread, I bemoaned the silliness of "what I will do when I am President" financial promises, noting that economic conditions can change quite a bit between the time the promise is made and when the new President comes in. That happened this time around.

As for your other wackness:


Whenever the capital gains tax goes up, revenue drops. And when it's cut, revenue rises.
It depends on what you mean by "revenue". Federal tax revenue generally rises from year to year. The biggest exception has been under Dubya, when he cut taxes but he and Republicans kept pissing our money away. Here's a graph from the Heritage Foundation, a conservative think tank:

http://www.heritage.org/Research/features/budgetchartbook/images/fed-rev-spend-2008-boc-C1-Federal-Spending-Is-Growing.gif

It also depends on how you define capital gains. Reagan redefined capital gains significantly, as part of the huge '86 overhaul when he raised (yes, -raised-) capital gains. So, comparing capital gains changes pre-Reagan to Reagan isn't necessarily meaningful. There haven't been capital gains rises since. So your assertions about capital gains are nearly as bogus as your assertions that Obama raised them.


Because when the tax is cut, more people are willing to sell stock or real estate, because less of their profit will go to taxes.
Is the problem in acquiring real estate with the costs? There's more cheap real estate with low tax burden than you can shake a stick at. It's not the tax hit that scares people from buying. People who still feel they have money to spend think think the bottom hasn't dropped out. Why buy now when you can buy for less later, so they pack it away? People who don't think they have money to spend don't see a certain future, and aren't going to invest with just a little tax rebate bump or whatnot.

The only folks who want to cut capital gains further are folks who want to take their money out of the market and put it in the proverbial mattress.

You just don't argue with Mxy, by rule.

http://www.mchenrycountyblog.com/uploaded_images/Rock%20%27Em,%20Sock%20%27Em-782879.jpg

Pretend the red robot is the Obama campaign.*

*B.O. = commie.

Pretend the red robot is the Obama campaign.*


http://img210.imageshack.us/img210/6265/brbgr4.jpg