Barack Obama Proposes $300 Billion Tax Cuts to Help Ease Foreclosure »

Posted By altnrg 10 months ago in News

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President-elect Barack Obama creates $300 billion tax cuts that aim to rescue foreclosure crisis and eventually save the economy.

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    normallysilent10 months ago

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    a 500 dollar tax break isn't going to save many from foreclosure.

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      engineer10 months ago

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      Finally we have a give a damn president

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      GehlLady10 months ago

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      normally,
      You're right, I can't see it helping anyone, actually. It said 'up to 500', and if it's "delivered" by way of your weekly paycheck, that's 500 divided by 52 weeks, an extra $9.70 a week. Less than 10 bucks. Assuming you have a job!

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      Bucotch10 months ago

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      I still say Obama should buy us all a new Ford, GM, or Chrysler. Maybe one of each. Least we'd know where the money went. Nice for us tax payers to have reliable transportation to get to work. Think about all the vehicles we supply for the government.

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        Rick78x10 months ago

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        Dire consequences! More threats to get their hands on even more money under the guise again of ‘helping the nation’.

        If this NWO puppet really wanted to help the nation he would tell the TRUTH! Period! Regardless of what consequences that revelation would bring him personally. Taking into consideration the overwhelming fascination with Obama held by a large majority of hope-filled-sheople in this country and around the world, he truly could ‘change’ the very course of history, if he had the testicular fortitude to tell the TRUTH (not likely). After all Christ (and I’m not espousing religion, only wisdom in my observation) said ‘TRUTH’ shall set us free. Not HOPE. Not RELIGION. Not PRAYERS. Not GUNS. VIOLENCE. HATE, LOVE or even GOD, but TRUTH. Of all the words Christ could have used, he chose this one. Think about it. Is this the reason most people reject truth (besides the mind-conditioning)?

        I find there are two types of people in this world: The Hopeful and Truth seekers. There is a world of difference between the two. Hopeful people are not necessarily open to the truth. In fact, if they hear a truth that threatens their hope, they either reject or deny the truth.

        However, truth-seekers have no reason to defend their positions, because truth speaks for itself. You either accept it or reject it and then work it.

        That is why politicians (99.9%) speak to our hopes. They avoid truth because they do not intend to ‘free’ us. It is why Obama is the epitome of hope and therefore the harbinger of furthering the coming slavery. IF WE ALLOW IT.

        The hell with hope. Give me TRUTH and hope will be a living entity in every activity of our lives, instead of the ever fleeting smoke spoken out of the mouths of liars.

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          jordan1110 months ago

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          A 500.00 tax cut over a year amounts to $41.67 a month. $1000.00 would be $83.33 a month. Now I'm by no means a great finanical thinker, but I honestly don't see how this is going to save someone from losing their home.

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            beavith110 months ago

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            you're exactly right, Jord.

            this does nothing except run up debt.

            call Obama's plan $1T, just to round to a simple number.

            until the $40-60T Wall Street overhang is fixed and the paper is straightened out, the banks will remain in a straitjacket.

            as amazing as this may sound, $1T is a drop in the bucket.

            we need a 21st century RTC. like yesterday.

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              KISA452a10 months ago

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              OK, so I'm cynical. But I don't own a house cause I couldn't afford one, so I'm not really interested in paying for people to stay in their "too large" houses. Forclose and give me a good price (only slightly facecious).

              While the $500 check was nice, we had to 1) Send our money to the gvt; 2) Pay people to shuffle a bunch of papers; 3) get our own money back... Obviously inefficient, but certainly gets more press for the tax-rebater, I guess. At least Mr. O is saying he wants to cut out the sticky fingers of the gvt.

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              jjlettau10 months ago

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              Bush has kept our country SAFE since 9/11 and he is to be commended for it ---- He is not responsible for all that has happened in the world during his 8 yrs. in office. Too bad the anti-americans who voted for Barack Obama didn't first demand he produce his birth certificate which seems to be unavailable. What is the Supreme Court afraid of in demanding to see this certificate? Still about two weeks to inauguration - somebody with some authority better speak up.
              Hos Mother was from Kansas - but was she out of the country too long before his birth to retain her citizenship?

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              Justice4All10 months ago

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              Taxes aren't the problem. Spending is the problem. Bush spent like a maniac but didn't raise taxes, that's whey we are in debt. He's like a kid with Daddy's credit card.
              Obama's tax cuts wont help either. We are in debt and someone has to pay the debt. A tax break for some means increased taxes for others.
              Bush's stupidity got us in this mess and more stupidity wont get us out.

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              mrreality10 months ago

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              only government can solve this,,,,now all you lefties gonna admit you voted for a socialist,,,,probably not,,just some insulting psychobabble about bush instead,,,,you wanted a big brother,,you got one fools..let the raping of americas cofers and freedoms begin

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              Natureboy10 months ago

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              Yeehaw. A program of tax cuts combined with "bailouts," aka handouts, to major corporations.

              What a stark contrast with the republican agenda.

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                bobbiejean10 months ago

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                I wonder why no one is complaining about all of the money handed over to the banks/Wall Street? The Senate?Congress gave up that money with no strings attached. In fact, to this day, we do not know exactly who got that money. We're told, we will not be told anything. And the often defying Media, tucked their tails, and looked the other way. I wish we had fearless and bold reporters/journalist, who would follow that money -7000 billion-plus, and expose the evil connection. We do know that it did not stop the foreclosures, or kept businesses from laying off. Yet, opposers scrutinize and vilify those who ask for money that will directly help the masses/"mainstreet." Was it Hamilton or Lincoln who warned the U.S., about the banking system and corporations? He said that the day would come when they would take our homes, and our children would wake up homeless. Apparently, he spoke of a time when Americans would be like zombies - drugged, mentally asleep. Even back then, rich, globalistic, totalistic thinking men were plotting and had begun the take-over of the banks, while the un-protesting masses slept. The wake up comes, no doubt, in our day, when we find our homes taken away and hundreds of thousands living on the streets. If you can call what we are "awake." Who can protest when we are mentally dead? Comatose, on every unimaginable drug possible - crack, cocaine, marijuana, PSP, heroin, ecstasy...etc., etc. We are further desensitized by all manner of perversions. Yes, we are in many ways defeated. Yet, the forces working against us are in their conquering mode. And they go forth taking our money, homes, and getting rid of the middle class, creating something... maybe, a little above a slave class.

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                  Hhussk10 months ago

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                  Another very exciting day on Propeller.com!

                  I can't wait to get in line for the Democrat Party handouts. Let's take money from the wealthy and give it to people who don't work.

                  Unfortunately, no poor person ever created a job.

                  Obama's promise: many more years of trillion dollar deficits and increased federal spending.

                  Oh yes, he's very smart...

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                  THOMNH6210 months ago

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                  please sir, may I have some more

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                    beavith110 months ago

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                    MORE?

                    you want MORE?

                    heh heh heh...

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