Any of you ignorant a-holes watchin Obama?

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Dec 2, 2006
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Reno,Nv
#41
i liked his speech about schools and keeping kids in class an the part where if you do shit for your town or enlist into the Military you will be Rewarded
 

0R0

Girbaud Shuttle Jeans
Dec 10, 2006
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BasedWorld
#47
The fact of the matter remains that the economy will not get better unless the lines of credit are "unfrozen" and banks are able to give loans to people who need them. Thats were the real jobs are gonna be created. Obama's bill will create alot of short term jobs but its about all he can do right now, short of nationalizing the banking system which would have horrible consequences. Once the banks are able to get rid of some of their more riskier investments and holdings they will be able to access cash and rid some of their debts and then they can start lending again, but thats gonna take a long time.
There is no one magic bill that is gonna solve this problem. Obama got stuck with a real messed up situation and it will be interesting to see how his plan will actually unfold.
He could end the federal reserve monetary system,but that goes against "the plan".At the very least they could stop printing new money and lowering the value of the dollars already in circulation,but again that goes against the agenda,North American union here we come.
 

GHP

Sicc OG
Jul 21, 2002
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#48
hell yea, im waiting for that $2500 tax credit for the next 2 years while im still in college

well i can tell you first hand the first time homebuyer tax credit sure isn't free money and i doubt the school one will be either, seems like he is trying to get people to make deal with the IRS so we ultimatly pay more taxes.

The homebuyer tax credit is nothing more than an interest free loan that you have to pay back 500 dollars a year over the next 15 years. I took it though lol, I can do alot with that cash right now. I was out of work when i filed and took it since i didn't know i was gonna get my old job back. Now i'm looking at having to pay that shit back every year on top of whatever taxes I owe. Cant run from the IRS, they play for keeps now i'm in it deep with those fuckers.