http://elections.foxnews.com/2008/10/31/obama-lays-plans-kill-expectations-election-victory/
Barack Obama’s senior advisers have drawn up plans to lower expectations for his presidency if he wins next week’s election, amid concerns that many of his euphoric supporters are harboring unrealistic hopes of what he can achieve.
The sudden financial crisis and the prospect of a deep and painful recession have increased the urgency inside the Obama team to bring people down to earth, after a campaign in which his soaring rhetoric and promises of “hope” and “change” are now confronted with the reality of a stricken economy.
One senior adviser told The Times that the first few weeks of the transition, immediately after the election, were critical, “so there’s not a vast mood swing from exhilaration and euphoria to despair.”
WTF……. If that isn’t about one of the dumbest and most egotistical things I have ever heard. He is so sure that he will win it no longer matters that he finally admits that he has been lying like a rug for the past two years. He is already laying blame for his future failures due to his promises to the American people that he has no intentions of keeping. Has America really fallen so far???????? Is it possible that someone can get away with this blatant disregard for the people and still win an election????? WAKE UP AMERICA………………
***I’d like to briefly introduce EvilOne to the 454Monte Blog, he is a long time friend, occasional partner in crime, and one of the smartest folks I know…He’s also now an Author!!
FAIR Warning, you get stupid with this one he’ll slice, dice, and Julian fry you…Troll Beware, everyone else…..Enjoy!!**
I have heard everything from it will serve them (GOP) right to I am voting 3rd party and waiting for 2012. None of this makes any sense when common sense is brought into the picture. When has it ever been better to allow the more liberal person to control the Presidency, especially when the Congress is already controlled by the liberals. The issues at hand are not about Republicans and Democrats, but about Liberals and Conservatives. Liberals are currently getting what they want by making the conservatives so disenchanted that they are not making their voices heard and their votes count.
Many people don’t like McCain, but we really only have two choices when you think about the prospect of who has a chance to win the election. We have John McCain, or Barrack Obama. Although McCain may not be the most conservative person in the World, he is heads and heels more conservative than Obama. I understand that other people are running and conservatives are upset, but not voting, or voting for a third party is no different than pulling the lever on election day for Obama. A non vote, or a third party vote allows Obama to have that much more possibility of winning. I personnally don’t think John McCain is the best man for the job, however, when it comes down to a choice between McCain and Obama, McCain wins hands down.
The Presidency is an issue, but the Congress is an even larger one. The Congress is currently controlled by the biggest bunch of liberal asshats in history. Can you imagine the laws that will be passed with a far left controlled Congress and a far left controlled Presidency? Say goodbye to the last freedoms that still manage to exist in America!
It doesn’t matter if you are Republican, or Democrat, this year the Conservatives need to come together, unite and fight against the liberalization of our country that has been spreading like a cancer from extreme liberal areas of the country, such as California and New York all the way to America’s heartland.
There are currently 6 Supreme Court justices that will be over 70 when the next President takes office in January of 2009. Who would you rather have making nominations for the 2 or 3 seats that are thought to be coming available, Obama or McCain……..extreme leftwing liberal, or moderate to conservative respectively?
The link below, although dated earlier this year brings this point home. Conservatives need to vote, and they need to take back the Congress and the Presidency. McCain is the closest thing conservatives have at this point for the Presidency and no matter what State you are in vote the conservative line down your ballot. It may be the only chance you have to stop the cancer from spreading further.
http://www.newmediajournal.us/staff/williams/2008/02252008.htm
That would be for the Democrats.
Seems that a couple of the D.C. critters have decided to do away with the slow train and our ever increasing slide into socialism and head straight for 100% Grade A communism, one of the state controlling every aspect of our lives. On a bullet train. Of course they are Democrats Communists.
Not content that they are already stealing trillions of dollars of money via a forced Social Security deduction (which, btw you theifs robbed blind and I have NO SSI to look forward to despite the fact I’ve contributed well in excess of a 125000.00 in my life time). The same SSI deduction that was originally set at 1 % of a workers earnings and now is Multiples higher thanks to scum suckers like Miller and Demott.
No, NOW we’re now going to tout out taking even more and in exchange…you get a 600.00 dollar a year “match” and a government guaranteed 3% return. That’s it. At the end of it all you can expect a whopping 25% of your pre retirement earnings every month via the generous heart of your government.
Enjoy your dog food.
Here’s some information on the proposal which is actually the work of one Teresa Ghilarducci, an economics professor once at Notre Dame and now at some Obscure “New School of Economics”. Fittingly the website unabashedly is named Shared Prosperity. Org
How Guaranteed Retirement Accounts work
- Structure. Guaranteed Retirement Accounts are like universal 401(k) plans except that the government, as befits a large and enduring institution, will invest and manage the pooled savings.
Yeah and we all know what a great job the morons are doing up there in DC already eh? 7% Approval ratings, Social Security Broke and you guys want MORE control over my money and retirement. I.DONT.THINK.SO.
- Participation. Participation in the program is mandatory except for workers participating in equivalent or better employer defined-benefit plans where contributions are at least 5% of earnings and benefits take the form of life annuities.
Mandatory? Anytime the government makes something “Mandatory” we should run for our lives they are out to screw us and they ain’t using any KY.
- Contributions. Contributions equal to 5% of earnings are deducted along with payroll taxes and credited to individual accounts administered by the Social Security Administration. The cost of contributions is split equally between employer and employee. Mandatory contributions are deducted only on earnings up to the Social Security earnings cap, and workers and employers have the option of making additional contributions with post-tax dollars. The contributions of husbands and wives are combined and divided equally between their individual accounts.
Shell game alert!! Read it carefully, they are doing nothing more than increasing the SSI tax. And then TAXING you on anything above and beyond what you would right now be able to sheild from taxes.
- Refundable tax credit. Employee contributions are offset through a $600 refundable tax credit, which takes the place of tax breaks for 401(k)s and similar individual accounts and is indexed to wage inflation. Eligibility for the tax credit is extended to part-time workers, caregivers of children under age six, and those collecting unemployment benefits. If an individual’s annual contributions amount to less than $600, some or all of the tax credit is deposited directly into the account in order to ensure a minimum annual deposit of $600 for all participants.
Ahh yes the ever popular “tax credit” Know how much income I shield from Uncle Sam via my 401K? On a good year about 12,000.00 You do the math.
I get 600.00 “credit” AND they tax me on that 12,000.0, Resulting in the U.S. Government getting THREE times the amount out of me that they are “giving” me. (Three times is based on Where my 12,000.00 is taxed at a nominal rate of 15% FICA withholding. That Equals a Tax LIABILITY of 1600.00 dollars).
Here’s a novel idea, Hows about I keep my money I earned to do with it as I please?
Hmmmm ? What’s that? No? I’m not being a good commie you say? Well seeing hows the only good commie is a DEAD one I will take that as a good sign, however you may want to think again about your little communist money grab and GRA ponzi Scheme because I ain’t playing…
- Fund management. The accounts are administered by the Social Security Administration and funds are managed by the Thrift Savings Plan or similar body. Though funds are pooled, workers are able to track the dollar value of their accumulations, as with 401(k)s and other individual accounts.
Snort! Yeah we all know how well THAT’s worked out in the past when the goobermint manages things now don’t we? How nice that you will let me track the dollar value….news flash you dunderheads, I already do.
- Investment earnings. The pooled funds are conservatively invested in financial markets. However, participants earn a fixed 3% rate of return adjusted for inflation, guaranteed by the federal government. If the trustees determine that actual investment returns have been consistently higher than 3% over a number of years, the surplus will be distributed to participants, though a balancing fund will be maintained to ride out periods of low returns.
Huh? Distributed? In other words….you are going to take some of whatever the meager returns I ekk out on this ponzi shell game of yours and “distribute it”. I have a better idea, here’s a pistol, point it to you left temple and pull the trigger, thus “distributing” your brains all over the wall…Mkay?
- Retirement age. Participants begin collecting retirement benefits at the same time as Social Security, and therefore no earlier than the Social Security Early Retirement Age. Funds cannot be accessed before retirement for any reason other than death or disability.
Vee vill control you! Resistance is futile! Seig Heil !!
This is seriously Bad ju-ju here, I save money into my 401K every month. Like millions of others I can borrow against that in a time of need or even for something I want, and I pay myself back over time.
But Not with this plan you wont.The money is locked away from you. I’m sure the greedy asshats in D.C. will have full access to it tho…
What a nice way to strip Million of Americans like me of their abilities to realize their dreams. Guess what …..My Entire Blog, the car it is about …was financed through a “loan” from my 401k.
- Retirement benefits. Account balances are converted to inflation-indexed annuities upon retirement to ensure that workers do not outlive their savings. However, individuals can opt to take a partial lump sum equal to 10% of their account balance or $10,000 (whichever is higher), or to opt for survivor benefits in exchange for a lower monthly check. A full-time worker who works 40 years and retires at age 65 can expect a benefit equal to roughly 25% of pre-retirement income, adjusted for inflation, assuming a 3% real rate of return (see Table 1). Since Social Security provides the average such worker with an inflation-adjusted benefit equal to roughly 45% of pre-retirement income, the total replacement rate for this prototypical worker will be approximately 70%.
TWEEEEEEEEET!! Bullshit flag and loss of down.
Right now if I was retirement age based on amount of benifit, vs the amount I have paid in to SSI vs putting that same money in a 401K…I realize a NEGATIVE value on my investment into SSI, I’ve run these figures inside and out, and it always comes up the same. But Terasa is telling me I get a 45% return on SSI…HOLY SHIT…I’M RICH~! Er wait…no Im not. Because she is LYING through her teeth. SSI is not giving anyone 45% of thier pre retirement income.
Teresa Ghilarducci: Communist.
The professor that touted this one out and has the ear of these two morons also had this to say.
“I want to stop the federal subsidy of 401(k)s,” Ghilarducci said in an interview. “401(k)s can continue to exist, but they won’t have the benefit of the subsidy of the tax break.”
What a blisteringly stupid idea… who are you to tell me what YOU want when it comes to MY retirement? Hows about I tell you to go cram your cock and bull money grab up your ass? Dumb bitch. Proof positive that a college education doesn’t mean you are smart.
Oh but it gets better, here’s some more of her drooling communist drivel. Her words not mine.
Certain groups are especially ill-served by the current system, including part-time workers, divorced and widowed women, individuals with long-term care needs and medical expenses, and racial and ethnic minorities. Over 60% of unmarried women and more than 56% of African Americans and Hispanics approaching retirement age have expected retirement incomes below twice the poverty level (Weller and Wolff 2005). Though these groups are also more likely to have lower-than-average incomes in their working years, the retirement system exacerbates this inequality.
That’s fucking. It. I’m done playing nice.
Cry me a river Tersa, In other words, your so called plan is socialism. Pure unfettered Socialism. Now go away before I get angry.
I bust my tail to be successful, and you openly tout taking my salary, my efforts and hard work, so you can give it to someone else. Thanks but no thanks Tersa.
As far as Miller and McDemott…..Way to go you commie assbags. Nothing like screwing the American worker just a little harder is there?
Reset button. Hit it.
Think Obama isn’t going to work to overturn Heller and other 2nd Ammendment rights?
Think again.
It doesn’t get any clearer, concise. or cut and dried then this. It really doesn’t.