And a Republican president. They are both to blame. Its roots can even be traced back to Clinton signing on to repealing Glass Stegal
This nation as we know it.
- Thread starter crimson fan man
- Start date
I am not as despondent as many. The gridlock with the congress should keep any major entitlement programs from growing, and is likely to result in many of them shrinking should the President actually want to get anything done. At last look, one budget plan was a 7 to 1 ratio of entitlement cuts to revenue generation.
Many can't understand why someone would vote for Barack Obama. Here were my reasons.
My belief is that I place a good portion of the blame on the last 4 years on fiscal deregulation coupled with businesses hoping and praying that they can buy back the White House. I could not in good conscience vote for someone who believed that there needs to be zero oversight on large financial institutions who are gambling with my retirement savings. I have zero belief that social security, medicare, and medicaid will be around in 30 years so I am taking personal responsibility to ensure that I never have to rely on the government to take care of myself or my family when I retire.
It started with a horrible decision by Clinton to remove Glass-Stegall and was further exacerbated by the neutering of the SEC by stocking its ranks with former financial cronies. People at the very top of the food chain (wealth wise) were made whole on my tax dollars through the financial bailout while I took a 60% loss. I have zero belief that Romney had any intention to change that model. I have a slightly higher belief that Obama will attempt to make a change with how the financial industry is regulated.
That coupled with someone who believes that sitting in an office, buying and breaking up companies deserves to pay less percentage wise in taxes than I do (I pay 30%, why should they only pay 15%) also played a large part in why I voted for Obama. In my opinion the carried interest loophole and capital gains tax policy of the federal government is criminal.
Many can't understand why someone would vote for Barack Obama. Here were my reasons.
My belief is that I place a good portion of the blame on the last 4 years on fiscal deregulation coupled with businesses hoping and praying that they can buy back the White House. I could not in good conscience vote for someone who believed that there needs to be zero oversight on large financial institutions who are gambling with my retirement savings. I have zero belief that social security, medicare, and medicaid will be around in 30 years so I am taking personal responsibility to ensure that I never have to rely on the government to take care of myself or my family when I retire.
It started with a horrible decision by Clinton to remove Glass-Stegall and was further exacerbated by the neutering of the SEC by stocking its ranks with former financial cronies. People at the very top of the food chain (wealth wise) were made whole on my tax dollars through the financial bailout while I took a 60% loss. I have zero belief that Romney had any intention to change that model. I have a slightly higher belief that Obama will attempt to make a change with how the financial industry is regulated.
That coupled with someone who believes that sitting in an office, buying and breaking up companies deserves to pay less percentage wise in taxes than I do (I pay 30%, why should they only pay 15%) also played a large part in why I voted for Obama. In my opinion the carried interest loophole and capital gains tax policy of the federal government is criminal.
I feel for the moderators of this board. God bless you all for your patience and effort to maintain civility.
They are ok. Dont feel too sorry for them. VJ had steak and SD still has her two cats.
As a great man once said.
America has gone full retard. And I don't mean just by reelecting Obama. I mean by letting America continue in this two-party shell game instead of demanding real change. People will complain for three years about the current system, and then go all crazy supporting whatever con-man is trotted out in front of them. It is mind boggling on one hand and sadly predictable on the other.
On the positive side the Ponzi scheme that is the current world economy will come crashing down when people finally lose confidence in currency backed by thin air, and then we might actually see something really change. That or the Mayans were right and we won't have to worry about any of it.
America has gone full retard. And I don't mean just by reelecting Obama. I mean by letting America continue in this two-party shell game instead of demanding real change. People will complain for three years about the current system, and then go all crazy supporting whatever con-man is trotted out in front of them. It is mind boggling on one hand and sadly predictable on the other.
On the positive side the Ponzi scheme that is the current world economy will come crashing down when people finally lose confidence in currency backed by thin air, and then we might actually see something really change. That or the Mayans were right and we won't have to worry about any of it.
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