Politics and Religion

Olbermann on the tax cut "compromise"
willywonka4u 22 Reviews 2296 reads
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I dislike to promote propaganda on here, even if I happen to agree with it, as I do here.

But I thought it would be a good idea to post this because it very clearly states precisely what the Democratic base is thinking right now.

I'm going to make a prediction right here and right now. Not that my political predictions mean all that much, but I'm going to say that regardless of which party holds the White House in 2012, the President will NOT be Barack Obama.


St. Croix 1482 reads
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Both the extreme left and extreme right are finding faults with the proposal, and will do anything to ensure it does not pass. Even I have some issues with it, but at the end of the day, you can bitch, complain, and get your little panties in a wad, or you can find a way to profit from it.

Go back to August when Bernanke signaled to the market that the FED would be easing credit, i.e. QE 2. Now you have Obama willing to compromise on taxes, and that's what he did. As a result, just about everybody is revising their GDP projections for 2011. Some are upping their projections to as much as 4%. Not necessarily a robust GDP following a recession, but decent enough to generate demand, thus generating job growth. Some would say Obama is becoming a bit of a supply sider.

I understand you deplore keeping the top marginal tax rate at 35%, and setting the estate tax rate at $5M. I'm not thrilled with folks getting unemployment for 2 and 3 years. I'm not thrilled with the Earned Income Tax Credit, or Making Work Pay Tax Credit. But you compromise. That's what we do as Americans.

So maybe you smoke a little less weed in 2011. Maybe reduce your hobbying by once or twice a year. Now take that money, and dollar cost average into a low cost Vanguard large cap dividend paying ETF. QE2, lower taxes, higher GDP projections equals a higher stock market. The market will continue to go up. Take advantage of it. Seriously, it's OK to make money. It's OK to be rich. Well, you won't be rich, but you will be better off financially.

You're young enough that you can easily save in excess of $1M by the time you retire. And by then, we will still have liberals and conservatives. Only this time they will be screwing with your money (lol).



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