Quote:
Originally Posted by Hank70SS
Those may have been factors but I don't think that's what cost him the election. He didn't get the Latino/Hispanic vote which is primarily a conservative group. It's tough and going to get tougher to win the presidency without their support. He also lost Ohio and maybe Michigan because of his stance on the auto bailout. He could have played that issue a lot better, he said let them go bankrupt. What he didn't say in his defense was they did go through bankruptcy. An unusual, government led bankruptcy but still bankruptcy.
Our society is changing, I don't like it but it's happening. Bigger gov, more entitlement programs that's where our society is headed. I don't think the average citizen sees the danger in this. They want someone to take care of them. That's a lot easier than taking care of yourself. Let the rich people pay for it, 39.6% tax rate on income over $200,000, $250,000 for couples. Let's tax them some more, they should pay their fair share. Where's the incentive to work hard and succeed?
When it all collapses due to national dept they'll see the problem. Look at Europe, they're already there, won't be long before we're there too.
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That's terrible for people making over $200k to be taxed 39%. I think that it should be people making over 400k that should be taxed that much. I am already taxed 29% and I don't need to be losing any more money because that is just making unemployment rates get bigger since buisness owners are taxed to much. I also talked to a bank owner today who said that if this is the fact he's going to let someone go. And by looking at the stocks tonight it looks as if they were at there worst in a long time. Thankfully I won't be letting anyone go soon because I'm actually short handed and buissness has been very well lately.
I still can't believe who would vote for Obama, is there anyone here that did and can explain their reasoning? The only person I know who voted for obama is one of my buissness partners which I have no idea why because his company has not been doing so good lately until just last week. I'm glad he's not my main buissness and partner.
Hkalin let's hope that doesn't happen or then we are screwed!
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Jay
69 Chevelle SS396(454), (M21), (3.73) Cortez Silver
2009 Audi S8 V10 5.2 Supercar, 2009 Cadilac Escalade V8 6.2
Last edited by 69chevelless; 11-07-2012 at 06:09 PM.
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