Obama needs to ADDRESS the country........

[DJD]

For example, a few weeks back I pull up at a gas pump. Sign outside says $1.59/gallon regular. Cool! As I am in line getting ready to pay, guy behind the counter gets a call. Something happened in the mid east, price is going up to $1.89 now. The guy in front of me and I got the $1.59, people coming in after me got the $1.89. Hmmmm, I don't remember seeing a gas truck come and deliver more gas while I was there???? S'plain that one!

Andrew

Been there for sure, people were not happy with the price bump. $1.59? Where was that?
These corporations have us all by the short hairs......

[apb]

...$1.59? Where was that?......

Somewhere between here and Markland dam a few weeks back.

Andrew

[cra97]

This can't be serious. How can Obama, who was just elected several weeks ago, who hasn't even taken office yet, or has no executive authority be blamed for this. I can't believe this at all.

I just don't see the logic behind your finger pointing, Geo. I guess Obama being elected is also the direct cause for our current Cheap gas prices. Thank goodness he was elected, I can now afford to go fishing more often.

I am afraid you might HAVE to believe it, cause it is true unfortunately. Bush IS still in office, BUT his policies can be wiped out on Jan 21st with a simple executive order (which Obama has said MANY times he plans to use extensively immediately after taking office to "change things"). Anything Bush does will only be good for 2 months, until the new "boss" takes over, so the market will NOT react to his actions at this point.

I am not going to get into a debate on politics, even though I could quote fact after fact to support anything I might say, because it is a "personal" issue that I find to get to personal when discussed. I will point out the thing that MOST people have overlooked in Obama's comments on "not raising taxes", as it pertains to the Capital Gains Tax. Just for creditability reasons, I am a licensed Stock Broker with my Series 7, 63, 65. Anyway, Obama can keep his word on "not raising the tax" by simply letting the 10% capital gains tax rule expire and then have things revert back to the pre 10% way. This WILL raise taxes on cap gains, but will NOT require him to do ANYTHING to make it so. The old cap gains tax was high and was VERY harmful to "older" investors who want/need to use their investments for living expenses.

No matter which side of the fence you are on in politics, you HAVE to be able to see the facts of what has occurred since the election. If you liked the Clinton years, then this will be a nice time for you coming up (look at the appointments). If you did not like them, well then, you up a creek...

Rob

PS. To the gentlemen with the retirement plan question, if you have TIME to recover from the recent downturn in the market (which I believe you said you did) just keep investing MORE NOW than ever. Think of it like this, if you thought a company's stock was a good buy at $30/share (assuming you did your due diligence and looked at the financials), it is REALLY A GOOD BUY at $15/share ehh?? Plus if originally bought 100 shares of it for $3K, and not buy another 100 for $1.5K then you have a total of $4.5 into your 200 shares. In short, you only need the "company" to get back up to $22.5/share to break break even, and anything above that you are MAKING A PROFIT. Take care and good luck.

[Mean Morone]

$30.00, I'll take it. Tell the Government to send it to my house, they know where I live. I don't make much money so that $30.00 will go a long way. I bet I can spend it better than they can. As far as roads and bridges, let the states handle it. I will have more power over local powers than the high and mighties up in Washington. If I want to help my state through additional taxes, then I should have that choice. I'm not interested in building a bridge in another state just so some Senator can put his name on it. It's amazing how our Government has eliminated voting on so many things. They just take what they want through ear marks and theres nothing you can say about it. We are supposed to trust them with our money. Just like Bill said, the government can spend my money better than I can. As for the environmental side, I am a follower of the original environmentalist who put two people in charge of the entire shootin match. I still say local government is the way to go. Let the big boys keep us safe.

I think everyone knew exactly what BHO was going to do. The idea that he was going to let the other tax plan expire wasn't in doubt. There are many more out there who think this is a good idea, than don't. That's why BHO is pres elect. I kinda think he should start day one on raising taxes, arm twisting businesses, more mandates on business, more bail outs, more and bigger Government. I say bring on the civilian militia he talked about. He said it would be funded at the same rate as our military. Lets go. What's the hold up. If it is money, we'll just print more. No big deal.

[geobass]

He NEEDS to tell investors that he will NOT raise capital gains.

The markets are bleeding because of his IDIOTIC plan to raise capital gains by 10 , 20 or 30 percent.

The markets have lost 21% since he was elected..........

Good Grief.

Later,

Geo

1. Everything that happens, (bad) for the next 2 years will be Bush's fault.
2. Bend over and grab your ankles.
3. ALL of the politicans have screwed us, you try writing a check for more than is in your account, let me know how it turns out.
4. None of the incumbants should have been re-elected..........