Corrections happen. This one is unavoidable no matter what tax policy or monetary policy ploys we try. The government will just make it worse.

So, even if it does suck, we have to industrialize the United States once again. The service economy has failed. We have to make tradable goods once again. But what does this mean?
1.) Lower wages for the working class – necessary to compete with China and India
2.) A return to necessity of hard skills and talent in order to get ahead

Capitalism is not dead. America can rise, again. Don’t place so much faith in the importance of government because this one is sure to fail

Every home owner whose income is too small to cover the cost of their home’s mortgage will be given the difference.

In other words, their income will be modified until it is sufficient.

They will get that money from everyone who did manage their mortgages correctly or have no mortgage at all.

Thank goodness the federal government is out there taking care of us….

On November 12th, 2008 at 3:50 pm, Misscheryl said:

Under Senator Mikulski’s proposal, new vehicle owners would be able to deduct auto financing interest and sales-excise fees from their income taxes. Families who make less than $250,000 and individuals who make less than $125,000 would be eligible to receive the tax deduction, which would be good for vehicle loans up to $49,500 on purchases made from Nov. 12, 2008 to Dec. 31, 2009.

This certainly isn’t new. I remember when we could deduct our interest on car loans, credit cards and homes from our income taxes.

If the nation weren’t already swamped by liabilities I guess it might matter. Add a few more trillion on to the $53 trillion we already owe people and I don’t suppose it will change things much.

Bush and the GOP sold the nation out years ago. Obama will only complete the job Bush & Co. started. Why does the left hate the man so much when he has been implementing their polices all along?

One day, after the “Second American Revolution,” this period of insanity in American history will be called “Carter’s Revenge.” Conservatives have long denounced Carter as the worst president in history. Bush and Obama will prove us wrong on that point. Bush an Obama will make Carter look like a genius.

On November 12th, 2008 at 12:31 pm, prendad said:

On November 12th, 2008 at 12:20 pm, Misscheryl said:
I don’t want to hear dems vs republicans..they are in the same basket – thieves and liars.

I am almost starting to believe (dont quote me) that maybe this whole thing is not malicious.

I think these people are just SO completely out-of-their-league, stupid and overwhelmed by the enormity of this all, that they are under the idiotic belief that to do anything is better than nothing.

)It doesnt matter where you are going, just as long as you get there as fast as possible

)If you blow a tire, speed up. (I see the economy as the tire, we are the car and the politicians are the crack freak shooting at the police while waving to the helicopter)

Under Senator Mikulski’s proposal, new vehicle owners would be able to deduct auto financing interest and sales-excise fees from their income taxes. Families who make less than $250,000 and individuals who make less than $125,000 would be eligible to receive the tax deduction, which would be good for vehicle loans up to $49,500 on purchases made from Nov. 12, 2008 to Dec. 31, 2009.

This certainly isn’t new. I remember when we could deduct our interest on car loans, credit cards and homes from our income taxes.

Spread the wealth.

This afternoon, AFSA staff attended a news conference held at a Bethesda, Md. dealership where Senator Barbara Mikulski (D-MD) announced legislation designed to stimulate new vehicle sales through tax incentives. Also participating in the news conference were Annette Sykora, Chairman of the National Automobile Dealers Association, and Darren Petty, Government Liaison, United Automobile Workers, Local 239.

Under Senator Mikulski’s proposal, new vehicle owners would be able to deduct auto financing interest and sales-excise fees from their income taxes. Families who make less than $250,000 and individuals who make less than $125,000 would be eligible to receive the tax deduction, which would be good for vehicle loans up to $49,500 on purchases made from Nov. 12, 2008 to Dec. 31, 2009.