Quote:
Originally Posted by Imperator
Well first, he needs to send a message to the guys that hold the big cash; dividend and cap gains taxes will remain as they are NOT expire in 2010 when the Bush tax cuts expire, next he needs to send a message to the middle class besides the afore mentioned, something that hits closer to home, like again, leaving the bush tax cuts in place, you may be of the opinion that the bush tax cits are for the rich only, well that’s bunk. When BRACKETS reset everyone gets whacked, everyone over 40K, if Obama thinks giving money ala non refundable tax credits will do it, he’s nuts,. Those folks don’t have money that will drive the economy, the real middle and upper middle class do.
Bond yields are shockingly low, the lower they get the worse for us;
5-Year 1.500
10-Year 3.750
When the 10 year gets blow 3.% we are in deep shit, that means that the big money has more faith in long term survival than in growth. The 5 year coupled with trhe low 10 year yield, is already at a level that is worrying many, if this hits 1.25% we are fuking cooked. And I mean cooked.
I will predict here and now, unless something very drastic and smart occurs as to our national monetary policy, a 10% national unemployment rate by May 1st.
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*sighs and grinds his knuckles into his eyeballs*
ahoy Imperator!
'seems that all sealanes on this particular part 'o the forum often lead to the same port. thar be alotta services provided fer by the government. a huge armed forces, lots and lots and lots 'o services fer retired old sea dogs who be scramblin' fer some sense 'o dignity in their final years, interest on all the gold we be borrowin'....thats 70% 'o the budget right thar. we're deep in hock, matey, and if taxes aren't goin' to be raised, how on earth will this stuff be paid fer?
at the same time, the nation's infrastructure, from all accounts, needs fixin'. i asks meself, "why does it need so much fixin'?" we've just come outta 20 years or so 'o prosperity...all that monies we were swimmin' in and the infrastructure be crumblin'??? how did that happen?
ahhh well...
i'd say we ought to help out the US steel industry, 'specially if what they're askin' fer is a commitment fer what mr. obama has already pledged to do.
i just don't see, though, how 1 trillion dollars be possible, even if its fer the best 'o causes.
yarrr...
arg.
-MeadHallPirate