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Citigroup Inc. Message Board

  • demasibob demasibob Aug 16, 2011 1:19 PM Flag

    I'm a Conservative but Buffet is Right

    In seeking the truth, it is a myth that if you tax the Super Rich, they will not provide jobs.

    We have had higher rates for years and the economy has had the same highs and lows it does now.

    The Super Rich are mostly affiliated with Wall
    Street.After a Company has an IPO, where they
    get the initial investment, they don't get another penney from the stock.

    It then becomes a gambling vehicle, where the Wall Streeters rake in millions of dollars on those who enter the casino.
    They don't produce one thing, and could care less about the company.

    How would you like to know what a stock will do before the fact?
    That is exactly what the Specialists on the exchanges do. They are given all news about something that will effect public buying, and selling under the guise of "maintaining an orderly market" before the public knows.
    Who do you think buys the multi-million New York City apartments?

    Mob boss,Lucky Luciano, one day visited the
    NYSE and was shown how it works.
    As he was leaving, he said "I'm in the wrong business".

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    • My post:

      "You are clueless at best, more like brainless. Commie don't distribute wealth just misery, hard labor and rations the way you wanted to happen prior to election to get rid of Pres. Obama from the WH. "

      Stockto_evil response:

      "You're babbling incoherently at best and completely counter to reality at worst. But then an uneducated taxpayer dependent wetback with some libtarded children would be easy prey for fringe commie group indoctrination."

      This is stockto_evil grade:

      zero - on originality

      zilch - on creativity

      cero - on talent

      Now get yourself o job. You are now qualified as the NY deep sewer diver. ROTFLMAO

    • You're babbling incoherently at best and completely counter to reality at worst. But then an uneducated taxpayer dependent wetback with some libtarded children would be easy prey for fringe commie group indoctrination.

    • boosh was not great and was more of a progressive than anything else. the point was that like all liberal spending plans, a problem was created and not solved. there would have been NO bubble if it wasnt for idiots like frank. also, gw and teh pubs did try to curtail the wreckless lending promoted by frank and friends but were shot down and called racist. sound familiar?

    • " liberal stupidity at its finest"

      Nobody comes out clean from this fiasco, The question is under who's watch the the (MBS,CDO $ CDS) Occurred:

      Abbreviated version:

      I am here today because we are taking action to bring many thousands of Americans closer to owning a home. Our Government is supporting homeownership because it is good for America; it is good for our families; it is good for our economy. One of the biggest hurdles to homeownership is getting money for a downpayment. I'm honored to be here to sign a law that will help many low-income buyers.

      I thank very much Members of the Congress who have taken time to come and join us for this important bill signing. Congressman, thank you for coming. Congressman Jim Leach from Iowa is with us today. Congressman, thank you for being here. Congresswoman Katherine Harris, who had a lot to do with this bill getting passed, is here with us.

      I too want to pay homage to a man I call Little Woody; that would be Rob Woodson. I think it is safe to say that he was the—he developed the concept for this policy, a concept embraced by my administration.

      I want to thank the representatives of consumer and housing groups that worked hard on this piece of legislation.

      This administration will constantly strive to promote an ownership society in America. We want more people owning their own home.

      And this is a good time for the American homeowner. Today we received a report that showed that new home construction last month reached its highest level in nearly 20 years. The reason that is so is because there is renewed confidence in our economy. Low interest rates help. They have made owning a home more affordable for those who refinance and for those who buy a home for the first time. Rising home values have added more than $2 1/2 trillion to the assets of the American families since the start of 2001.

      The rate of homeownership in America now stands at a record high of 68.4 percent. Yet there is room for improvement. The rate of homeownership amongst minorities is below 50 percent. And that's not right, and this country needs to do something about it. We need to close the minority homeownership gap in America so more citizens get the satisfaction and mobility that comes from owning your own home, from owning a piece of the future of America.

      Last year I set a goal to add 5.5 million new minority homeowners in America by the end of the decade. In the past 18 months, more than 1 million minority families have become homeowners. And there's more that we can do to achieve the goal.

      The law I sign today will help us build on this progress in a very practical way. Many people are able to afford a monthly mortgage payment but are unable to make the downpayment, and so this legislation will authorize $200 million per year in downpayment assistance to at least 40,000 low-income families.

      There are three steps I want to describe to you right quickly about what we intend to do.

      We understand that buying a home is a big step, and so these three recommendations we're making, these three changes in the rules, will make that step easier, will enable people to make the step to buying a home—they'll be able to do so with more confidence. These are practical ways that we are working to expand homeownership across the country.

      The dream of homeownership should be attainable for every hard-working American. That's what we want. And this act of Congress I'm going to sign, the regulations that I hope are finalized soon will help thousands of families fulfill the dream.

      And so now it is my honor, right here at this important Department, the Department responsible for encouraging home-ownership in America, to sign the American Dream Downpayment Act.

      Read more at the American Presidency Project: George W. Bush:

    • Your irrationality is beyond compare actually close to lunacy, you don't wanna tax, borrow or print; just advocating spending cuts ain't gonna cut it. When over 70% of the wealth (dead money) are stash (piggy bank) away to only 1 percent of our society. Then where is the money gonna come from to sustain our 15T (Trillion) GDP even at that we still have anemic job market with over 20 million unemployed or underemployed. Would you like also to default on our national debt? This is the problem with you guys, you can't take a debate on economy without accusing the other guy of being a socialist or communist, that's an old cliche that nobody guy's anymore. That's being intellectually dishonest.

    • WASHINGTON -- President Obama is barnstorming the heartland to boost US jobs in a taxpayer-financed luxury bus the government had custom built -- in Canada, The Post has learned.

      The $1.1 million vehicle, one of two that Quebec-based Prevost sold the government, has been tricked out by the Secret Service with state-of-the-art security features and creature comforts.

      It's a VIP H3-45 model, the company's top of the line, and is used by major traveling rock bands.

      "That's the more luxurious model," Christine Garant of Prevost told The Post.

      Read more:


      Commiserates with jobless, then off to the Vineyard...

      TRUMP: 'Takes More Vacations Than Any Human Being I've Ever Seen'...

      Special bus...Custom built -- in Canada...

    • You could confiscate 100% of the revenues for those making over $10 million per year and it would still be a fraction of the deficit, let alone the whole budget.

      Government spending automatically increases 7% per year. And why with inflation currently at zero?

      If they would just freeze spending (it's not even cutting budgets as the libtards politicians claim) we could balance the budget within a few years and zero our the external debt in a decade or so.

      • 1 Reply to stocktor_evil
      • When those dead money in the hands of super rich flows back to the economy it will have a multiplier effect on our economy instead of the government borrowing which ballooned our national debt and deficits through interest payments.

        "If they would just freeze spending (it's not even cutting budgets as the libtards politicians claim) we could balance the budget within a few years and zero our the external debt in a decade or so."

        Freezing the government spending in high unemployment environment is committing economic suicide, you know that but since it will help the incumbent president, Oh no! we can't do that.

    • The argument is that if you tax the rich it won't generate that much revenue. Just to shut up the crowd, I'll agree to higher taxes for $1 million and above!!!

    • There will be street riots very soon.
      Only then, will the Government act.

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