Evangels also heart Obama.

Is he continuing the failed policies of the Bush administration?

/faith based indeed!

Everyone loves a winner!

"In addition to calling for corporate and capital gains tax hikes, Obama has proposed raising income taxes on those earning more than $250,000."

While Osama tries to play the class and envy card with the great unwashed fools, he also knows that wealthy people can use the tax code to hide lots of money from the IRS.

Corporations use the tax code to hide money, or they simply park it overseas.

You boobs who think Osama is going to stick it to The Man are simpletons.

It may just be that Wall Street prefers a return to an economy similar to the Clinton economy over watching the dollar lose all of its value and that will require allowing the Bush tax cuts to expire.
Wall STreet support for Obama says little about Obama but MUCH about their fear for the economy under McBush. Had Hilary been the nominee they would be supporting her.

Records show that four out of Obama's top five contributors are employees of financial industry giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207) and Citigroup ($358,054).

CHANGE WE CAN BELIEVE IN! - No public money necessary, I get it from my banker thanks - BO

Come on out Obmaniacs and give us the scoop on how he was the candidate who will not practice politics as usual.

This sucks, but:

The Republicans have completely fucked up war, our prosperity, health and safety, including trade balance and debt. The Democrats have cooperated, because they believe undermining of the Democratic Illusion we live under to be more dangerous than speaking truth (Hagel, Kucinich, Nader & Paul excepted).

Third Parties have failed us.

Wall Street supports Obama because they think he provides excellent cover for continuing their war on the middle class. Obama is a thoughtful self made man. There is a small chance that he will prove to be more difficult for the elites to manage than they suppose, though hiring Clinton's economic advisors is not a good sign.

Nevertheless, given the Republican's performance, to not run them and many Democratic INCUMBENTS out of town, would just guarantee more of the same shit. Pelosi is fucking us as surely as Bush.

Come on out Obmaniacs and give us the scoop on how he was the candidate who will not practice politics as usual.

"Barack Obama has collected nearly twice as much money as John McCain"

A poll last week showed them both neck and neck. But McCain is frugal with money. Obama is tax and spend big time. He is waiting to get his hands on your money.

"But McCain is frugal with money."

Uh huh....he was a Republican in the Republican controlled Congress that created the largest deficit in history after Clinton gave them a budget surplus. That Republican talking point just won't hunt any more.

Wall Street is paying this protection money up front otherwise Obama and his gang of thugs will put them out of business like The Appeaser has promised to do with the oil companies.

"It may just be that Wall Street prefers a return to an economy similar to the Clinton economy over watching the dollar lose all of its value and that will require allowing the Bush tax cuts to expire.
Wall STreet support for Obama says little about Obama but MUCH about their fear for the economy under McBush. Had Hilary been the nominee they would be supporting her."

Posted by danni

Please explain how allowing the Bush tax cuts to expire will restore the value of the dollar, especially when the money that would be collected is already committed to "new" spending should Obama be president.

"Please explain how allowing the Bush tax cuts to expire will restore the value of the dollar, especially when the money that would be collected is already committed to "new" spending should Obama be president."

I'm not saying it will but it will be a first step in that direction. To restore the dollar it will take sacrifice on the part of America, the sacrifice which should have been made when we went to war(s) in Iraq and Afghanistan. Now we have dug a deep hole which will continue to weaken the dollar until we pay down some of the debt. Certainly though, making those tax cuts permanent as McBush wants to do will only further undermine confidence in the dollar and probably bankrupt the government as well as all of us.

"Wall Street is paying this protection money up front otherwise Obama"

Simple minds, simple (but incredibly stupid) thoughts.

Danni-

There is no need for you to defend Obama from a political or policy-related standpoint. You've already made it clear that you plan on voting for him simply because he was nominated by the Democrat party. That is all that ever needed to happen for him to earn your vote, and nothing (including contributions from Wall Street) is going to change that. No need to defend his actions - you don't even need to pretend to agree with them. Although it probably makes you feel better about your vapid participation in our democracy.

Records show that four out of Obama's top five contributors are employees of financial industry giants - Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207) and Citigroup ($358,054).

Some of you seem to be having a difficult time understanding that these are individual contributions. As I understand it, these contributions may not exceed $2300.00 per person. I would say that many Wall Street employees are just tired of Republican policy.

"I'm not saying it will but it will be a first step in that direction. To restore the dollar it will take sacrifice on the part of America, the sacrifice which should have been made when we went to war(s) in Iraq and Afghanistan. Now we have dug a deep hole which will continue to weaken the dollar until we pay down some of the debt. Certainly though, making those tax cuts permanent as McBush wants to do will only further undermine confidence in the dollar and probably bankrupt the government as well as all of us."

Posted by danni

If he allowed them to expire in order to not have to borrow so much more money for other ventures, I would be more optimistic about it. But using it for new spending seems like we won't be seeing much in increased revenue; we'd be breaking even and still having to borrow.

I think to really see our dollar come back we'd be better served by both wrapping it up and Iraq/Afghanistan and NOT toying around with Iran, something which both parties are actively supporting (the Democrats much more subtle about it). That second part is why I cannot vote for McCain, because he sings and dances like a creepy leprechaun about bombing Iran, which is the opposite of what we should do.

"If he allowed them to expire in order to not have to borrow so much more money for other ventures, I would be more optimistic about it."

I agree with you.

"Although it probably makes you feel better about your vapid participation in our democracy."

Yeah, I'm a member of a party and I support the party's nominee. Oh gee, I guess I sold out to the man. That's how things are done in this country, I learned a long time ago not to whine about the outcome if you don't participate in the system, including the two party system.

Some of you seem to be having a difficult time understanding that these are individual contributions. As I understand it, these contributions may not exceed $2300.00 per person. I would say that many Wall Street employees are just tired of Republican policy.

THANK YOU.

These are bundled contributions solicited from employees by their employers, and not subject to many restrictions placed on standard donations.

As a matter of fact, if the bundler never actually touches the checks, they can be for large amounts.

Interesting link, Corky. From it I found the following:

Barack Obama
Total Raised: $286,381,726
Bundlers: 358
Lobbyist Bundlers: 14
All disclosed by the Candidate*

John McCain
Total Raised: $105,717,569
Bundlers: 507
Lobbyist Bundlers: 70
one disclosed by the Candidate, one not disclosed*

*of the firms listed in this thread: Goldman Sachs, UBS AG, JPMorgan Chase, Citigroup, Merrill Lynch.

"after Clinton gave them a budget surplus"

Danni, I know you're just repeating your DNC talking points, but Clinton DID NOT give anyone a budget surplus.

Clinton wanted vast new spending on a bunch of stuff, but the Republican Congress would not allow it. Spending bill start in the House and Republicans blocked all the new spending.

Clinton was a clever politician and took credit for everything that was inevitable. Just like NAFTA, Welfare Reform and the Crime Bill -- he couldn't stop it, so he claimed it as his own.

These are bundled contributions solicited from employees by their employers, and not subject to many restrictions placed on standard donations.

While that is possible, the article that is the subject of this thread says no such thing.

Regardless, it appears that nothing prevents either candidate from excepting such contributions through the conventions, at least.

Wall Street hates Obama, and if he raises taxes by over 100% on cap gains and dividends, there will be hell to pay. Look out for Dow 7,000.....

he couldn't stop it, so he claimed it as his own.

He had VETO power, same as bush does now.

On a side note, it's funny that McCain can't even remember how he voted, against the new GI bill, and has tried to "claim it as his own".

While Osama tries to play the class and envy card with the great unwashed fools, he also knows that wealthy people can use the tax code to hide lots of money from the IRS.

Corporations use the tax code to hide money, or they simply park it overseas.

You boobs who think Osama is going to stick it to The Man are simpletons.

Posted by vernon at 2008-07-01 02:58 PM | Reply | Flag:

Osama?

Oh.....you mean the man who killed 3000 American civilians. Although it apparently wasn't enough for Bush to think he was a priority.

Glad I could clear that up for you as I realize that you get confused quite easily.

and if he raises taxes by over 100% on cap gains and dividends

Please show us where Obama has ever said he would raise them by "over 100%".

"Wall Street hates Obama, and if he raises taxes by over 100% on cap gains and dividends, there will be hell to pay. Look out for Dow 7,000.....

Posted by DavetheWave"

I dare you to tell us otherwise!

"Wall Street hates Obama, and if he raises taxes by over 100% on cap gains and dividends, there will be hell to pay. "

What do you mean, if Obama raises taxes on cap gains & dividends?!?

That tax increase was proposed by Republicans, written by Republicans, passed by Republicans without a single Democratic vote, and signed into law by Republicans. It's the Republicans who are raising cap gains & dividend taxes by over 100%, not Obama. And he didn't vote for the tax increases. Neither did any of the Democrats. Only Republicans.

Wall Street is paying this protection money up front otherwise Obama and his gang of thugs will put them out of business like The Appeaser has promised to do with the oil companies.

Posted by fwthom at 2008-07-01 03:53 PM | Reply | Flag:

ThommyBoy, you still haven't grasped the concept of 'Appeaser'?

Here, let me help you with an example;
Giving wheat to NK because they turned over a piece of paper IS THE VERY DEFINITION. Bush is an appeaser.

It's OK. I know education scares you, but it can be your friend.

"Giving wheat to NK because they turned over a piece of paper IS THE VERY DEFINITION. Bush is an appeaser."

Maybe you've been in a coma or maybe you just don't have any common sense, but there was more than a paper...which Carter, Clinton, Albright and others weren't able to accomplish.

I know it's a difficult thing to use your brains, but what the fuck does repealing the cap gains and dividend taxes mean to you.Do some simple math dude...it's OVER 100% tax increase duh.....

it's OVER 100% tax increase duh

Obama has proposed setting cap gains rates at 20-25% instead of the current 15%. The republicans set up the the taxes to revert back to prior rates, duh....

"Wall Street is paying this protection money up front otherwise Obama and his gang of thugs will put them out of business like The Appeaser has promised to do with the oil companies.

Posted by fwthom"

"No more politics of old"...ahhh how refreshing!

No dude..., he has said flatly he is going to repeal the bush tax cuts. That's moving from 15%, to your income level. Atleast 30% for most....higher for many

"No dude..., he has said flatly he is going to repeal the bush tax cuts.

Posted by DavetheWave at 2008-07-01 06:36 PM"

I don't think so, Barney. Gotta cite?

"You boobs who think Osama is going to stick it to The Man are simpletons.

Posted by vernon"

Says the dumbfuck.

Osama's dead, Vern.

-"These are bundled contributions solicited from employees by their employers, and not subject to many restrictions placed on standard donations."

While that is possible, the article that is the subject of this thread says no such thing."

-What's what

The link in my same post also leads here, where you can edumacate yourself about "bundling".

Same old shit stick your heads in the ground, and ignore simple math. His tax increases will screw ALL OF US!

"Do some simple math dude...it's OVER 100% tax increase duh..."

Do some simple reading, dude...it was the Republicans who wrote the tax increases.

"His tax increases will screw ALL OF US!"

Then why did George W. Bush sign those tax increases into law?!?

Nothing like getting an early start on bribing both candidates.

Bee Swell

"Higher taxes are never, ever the answer. The biggest dirty little secret that the lib's don't want you to know is that since the Bush tax cuts, government tax collections are at record HIGHS. It's amazing what happens when the government lets people do what they want with their money. Keeping more money in the actual economy meant more jobs and better pay. Obama is absolutely clueless about capital gains. He talks out of both sides of his mouth, saying whatever sounds good in a particular situation. Change indeed: Just more liberal garbage. One last comment for the class-warfare crowd. The rich will always pay more in taxes than you do, even with a flat tax or national sales tax"

Bush tax cuts, government tax collections are at record HIGHS. It's amazing what happens when the government lets people do what they want with their money. Keeping more money in the actual economy meant more jobs and better pay. Obama is absolutely clueless about capital gains. He talks out of both sides of his mouth, saying whatever sounds good in a particular situation. Change indeed: Just more liberal garbage. One last comment for the class-warfare crowd. The rich will always pay more in taxes than you do, even with a flat tax or national sales tax"

Posted by DavetheWave at 2008-07-02 07:11 AM | Reply

Thats why the National Debt is at an All time High and We still have to borrow from overseas just to get by?? Even with My limited Mathematical knowledge tells Me You are full of shit.

Larry Mohr

The biggest dirty little secret that the lib's don't want you to know is that since the Bush tax cuts, government tax collections are at record HIGHS.Posted by DavetheWave

Yes they are. The dirty little secret that dittoheads keep under wraps is that tax revenues would be higher without Bush's tax cuts.

Federal revenue is lower today than it would have been without the tax cuts,-- Alan D. Viard of the conservative American Enterprise Institute told the Washington Post last October. Viard, who worked in the Treasury Departments Office of Tax Analysis and the White Houses Council of Economic Advisers under President Bush, told FactCheck.org that nobody can absolutely prove that.-- Proof would require time travel and a reversal of tax policy. But among economists, theres no dispute.--

Even Wall Street gets what the thick headed righties here don't, saving all those tax dollars doesn't mean too much when the dollars you save aren't worth anything. America is waking up from a 7-1/2" year binge paid for with borrowed money secured with home values that have now evaporated leaving billions in unsecured debts. The bills are now coming due, the interest rates are rising and the sooner we start paying off those debts the less we will pay out in interest. Presently we spend over 200 billion just to pay the interest on the debt. Thank you Reagan, Bush 1, Bush 2. Especially Bush 2 and the idiots who voted for him.

"The biggest dirty little secret that the lib's don't want you to know is that since the Bush tax cuts, government tax collections are at record HIGHS."

And the dirty little secret DavetheWave doesn't want you to know is he would flunk Econ 101, since he didn't factor in inflation when comparing the two years.

Once inflation is added, the truth emerges: the highest revenues ever collected by the US Government was TY 2000, the last year of the Clinton tax codes.

" a 7-1/2" year "

What?

Tell him to buy one of Kerrin's watermelons. Maybe it will be an 8-1/2" year.

"It may just be that Wall Street prefers a return to an economy similar to the Clinton economy " - Danni

Yes exactly, Clinton gave them the Commodity Futures Modernization Act of 2000, which gave us the lovely Enron loophole.

The Clintons also reeled in $$$ from WallStreet, why do you think HRC is a senator from NewYork?