Official Buyers Remorse Thread

[dude1394]

I thought that possibly there was a thread needed for those whom felt like they've purchased a lemon.

Here's the place for all of the folks feeling buyers remorse. Those that said "just wait to see what he does in office...ignore what he's done before".

Those that said "Having an elected black President will do more to energize this country than any economic or social policy ever could"

Those that said ignore the man behind the curtain...

Talk and walk

Higher taxes will tend to depress entrepreneurship, as they reduce the payout from a successful company exit. One effect of huge deficits is the rational expectation of higher future taxes. So, one effect of stimulus is likely to be fewer start-ups.

During the campaign, presumably thinking of his Silicon Valley support, Obama proposed the elimination of capital gains taxes on start-ups in order to partially offset some of the impact of his tax proposals on company formation. This idea was always make-believe. As I predicted last July, this proposal has been "delayed" until 2014 in the budget that the President has just released (i.e., it isn't going to happen).

Like the college students who stayed up late to be inspired by his campaign rallies only to find Obama's first significant action to be a stimulus program that will transfer about a trillion dollars from them to the Baby Boomers, Silicon Valley Obama supporters are likely to find that a government-dominated economic era will not a great one in which to start companies that threaten big incumbent corporations that have juice with the government. I hope they appreciate the irony.

Jim Cramer, an over-the-top, entertaining, self-aggrandizing blowhard, but a good capitalist all the same...dared to recant his previously stated belief that a President Obama would be the lesser of two evils when it came to the economy...


THEN:
Oct '08: "And while any president will be an improvement over the current one, there is a growing belief on Wall Street that Barack Obama has the capacity to lead us out of this wilderness while John McCain does not. I’ll go a step further: Obama is a recession. McCain is a depression."

NOW:
Mar '09: "‘Hey, it’s amateur hour at our darkest moment.’ It’s the feeling of capitalism vanishing, businesses capsizing under their own weight - thanks to an administration that doesn’t seem to know or maybe doesn’t care." and "This is the most, greatest wealth destruction I've seen by a president."

[92bDad]

Obama is no doubt a good person...Democrats are for the most good people...They have good hearts with good intentions...

But as the saying goes, the road to hell is paved with good intentions.

I hate to see America hurting as it is and to see that so far there is no end in sight. Having said that, perhaps the pain will be enough to wake Americans up so that they will elect better leaders and thus remove the failed ones that are currently in office.

Democrats have made promises for decades...they have filled people with hope for decades...yet they have failed every step of the way to do anything for their consituents, but they have done a dam good job of winning and abusing their power.

The people gave up the power to the Government and now they are seeing the negative results...perhaps now the people will rally and take back that power.

Yes it's painful to watch and to go through...but there is hope, that is why we have elections every 2 years and in 2010, the people will once again have the opportunity to bring some sanity to D.C. thus slowing down the misguided efforts of the Democrats...and then in 2012 we can regain the freedom for the people.

[Mavdog]

Higher taxes will tend to depress entrepreneurship, as they reduce the payout from a successful company exit. One effect of huge deficits is the rational expectation of higher future taxes. So, one effect of stimulus is likely to be fewer start-ups.

are you serious?

how in the world can anyone say with a straight face, not laughing, that people will choose to NOT seek a greater income/wealth due to having to pay a higher marginal tax rate if they do?

an attempt to have anyone believe that an individual will forego increased wealth simply because they have to pay out an additional 3% of that wealth- in other words, they keep .61 of every $1 in additional income, as opposed to .64 of every $1 as it is today- borders on the absurd.

no, take that back, it doesn't border on the absurd it IS absurd.

[TheMaverick]

Originally Posted by 92bDad

Obama is no doubt a good person...Democrats are for the most good people...They have good hearts with good intentions...

But as the saying goes, the road to hell is paved with good intentions.

I hate to see America hurting as it is and to see that so far there is no end in sight. Having said that, perhaps the pain will be enough to wake Americans up so that they will elect better leaders and thus remove the failed ones that are currently in office.

Democrats have made promises for decades...they have filled people with hope for decades...yet they have failed every step of the way to do anything for their consituents, but they have done a dam good job of winning and abusing their power.

The people gave up the power to the Government and now they are seeing the negative results...perhaps now the people will rally and take back that power.

Yes it's painful to watch and to go through...but there is hope, that is why we have elections every 2 years and in 2010, the people will once again have the opportunity to bring some sanity to D.C. thus slowing down the misguided efforts of the Democrats...and then in 2012 we can regain the freedom for the people.

Yes, yes, and yes.

[Flacolaco]

It's a little early for anyone to say anything one way or the other, imo.

I love all the "approval ratings soar" for Obama articles right now, though.

It's a lot like polling people about their movie going experience when they're in line to get their ticket torn and enter the lobby. Nothing's happened yet.

[dude1394]

New member. Maureen Dowd..
http://www.nytimes.com/2009/03/04/op...dowd.html?_r=2

Before the Senate resoundingly defeated a McCain amendment on Tuesday that would have shorn 9,000 earmarks worth $7.7 billion from the $410 billion spending bill, the Arizona senator twittered lists of offensive bipartisan pork, including:

• $2.1 million for the Center for Grape Genetics in New York. “quick peel me a grape,” McCain twittered.

• $1.7 million for a honey bee factory in Weslaco, Tex.

• $1.7 million for pig odor research in Iowa.

• $1 million for Mormon cricket control in Utah. “Is that the species of cricket or a game played by the brits?” McCain tweeted.

• $819,000 for catfish genetics research in Alabama.

• $650,000 for beaver management in North Carolina and Mississippi.

• $951,500 for Sustainable Las Vegas. (McCain, a devotee of Vegas and gambling, must really be against earmarks if he doesn’t want to “sustain” Vegas.)

• $2 million “for the promotion of astronomy” in Hawaii, as McCain twittered, “because nothing says new jobs for average Americans like investing in astronomy.”

• $167,000 for the Autry National Center for the American West in Los Angeles. “Hopefully for a Back in the Saddle Again exhibit,” McCain tweeted sarcastically.

• $238,000 for the Polynesian Voyaging Society in Hawaii. “During these tough economic times with Americans out of work,” McCain twittered.

• $200,000 for a tattoo removal violence outreach program to help gang members or others shed visible signs of their past. “REALLY?” McCain twittered.

• $209,000 to improve blueberry production and efficiency in Georgia.

“When do we turn off the spigots?” Senator McCain said in his cri de coeur on the Senate floor. “Haven’t we learned anything? Bills like this jeopardize our future.”

In one of his disturbing spells of passivity, President Obama decided not to fight Congress and live up to his own no-earmark pledge from the campaign.

He’s been lecturing us on the need to prune away frills while the economy fizzles. He was slated to make a speech on “wasteful spending” on Wednesday.

“You know, there are times where you can afford to redecorate your house and there are times where you need to focus on rebuilding its foundation,” he said recently about the “hard choices” we must make. Yet he did not ask Congress to sacrifice and make hard choices; he let it do a lot of frivolous redecorating in its budget.

He reckons he’ll need Congress for more ambitious projects, like health care, and when he goes back to wheedle more bailout billions, given that A.I.G. and G.M. and our other corporate protectorates are burning through our money faster than we can print it and borrow it from the ever-more-alarmed Chinese.

Team Obama sounds hollow, chanting that “the status quo is not acceptable,” even while conceding that the president is accepting the status quo by signing a budget festooned with pork.

Obama spinners insist it was “a leftover budget.” But Iraq was leftover, too, and the president’s trying to end that. This is the first pork-filled budget from a new president who promised to go through the budget “line by line” and cut pork.

On “Face the Nation” on Sunday, Obama’s chief of staff, Rahm Emanuel, dismissed the bill as “last year’s business,” because most of it was written last year.

But given how angry Americans are, watching their future go up in smoke, the bloated bill counts as this year’s business.

It includes $38.4 million of earmarks sponsored or co-sponsored by President Obama’s labor secretary, Hilda Solis; $109 million Hillary Clinton signed on to; and $31.2 million in earmarks sought by Transportation Secretary Ray LaHood with colleagues.

(Even Barack Obama was listed as one of the co-sponsors of a $7.7 million pet project for Tribally Controlled Postsecondary Vocational Institutions until he got his name taken off last week.)

And then there are the 16 earmarks worth $8.5 million that Emanuel put into the bill when he was a congressman, including money for streets in Chicago suburbs and a Chicago planetarium.

Blame it on the stars, Rahm, or on old business. But as Shakespeare wrote in “Lear”: “This is the excellent foppery of the world, that, when we are sick in fortune — often the surfeits of our own behavior — we make guilty of our own disasters, the sun, the moon, and the stars.”

[dude1394]

Heh...

[dude1394]

These guys are too young to have an opinion yet. Plus they didn't vote for theOne but they'll be paying for him.

[dude1394]

Heh...
http://pajamasmedia.com/instapundit/72297/

March 6, 2009

“SMART” DIPLOMACY (CONT’D):

Secretary of State Hillary Clinton opened her first extended talks with Russian Foreign Minister Sergei Lavrov by giving him a present meant to symbolize the Obama administration’s vow to “press the reset button” on U.S.-Russia relations.

She handed a palm-sized box wrapped with a bow. Lavrov opened it and pulled out the gift: a red button on a black base with a Russian word peregruzka printed on top.

“We worked hard to get the right Russian word. Do you think we got it?” Clinton asked.

“You got it wrong,” Lavrov said.

Instead of “reset,” Lavrov said the word on the box meant “overcharge.”

The country’s in the very best of hands.

[Murphy3]

Obviously, Obama is a douche.. but, I suppose I'll give this douche a chance.

[chumdawg]

Originally Posted by dude1394

These guys are too young to have an opinion yet. Plus they didn't vote for theOne but they'll be paying for him.

Get a grip on yourself, bro.

[dude1394]

I would say that Alec Baldwin is signing up...but I expect he doesn't understand. Ah yes...tax everyone but me...

WSJ: Tax me if you can:

We're constantly told that taxes don't matter to business and investors, but listen to that noted supply-side economist, Alec Baldwin. The actor recently rebuked New York Governor David Paterson for threatening to try to help close the state's $7 billion budget deficit by canceling a 35% tax credit for films shot in the Big Apple.

"I'm telling you right now," Mr. Baldwin declared, "if these tax breaks are not reinstated into the budget, film production in this town is going to collapse, and television is going to collapse and it's all going to go to California." Well, well. Apparently taxes do matter, at least when it comes to filming "30 Rock" in Manhattan.....

[dude1394]

Maybe Britain will be signing up soon. Where are the stupid quips? Guess they just don't understand theOne.

A source close to Mr Obama's top team telephoned this newspaper last week to say that White House officials now regard it as "a mistake" to have returned the bust of Winston Churchill that the British government loaned George W. Bush - a story first reported by The Sunday Telegraph - and then to have sent the prime minister home with a gift of 25 DVDs after his visit to Washington.

"Clearly it was a mistake, and they want people to know that they know that," the source said. "There is a collective desire to learn from the experience. They pride themselves on attention to detail. They didn't have their eye on the ball... they all know they've got to do better."

[Mavdog]

Originally Posted by dude1394

I would say that Alec Baldwin is signing up...but I expect he doesn't understand. Ah yes...tax everyone but me...

your posts are getting stranger and stranger.

what does the post have to do with obama? the ny mayor isn't an obama supporter, isn't even a dem.

the issue is nothing to do with your statement "tax everyone but me", the issue is about relative production costs in different locations.

really, it seems that anything of contention is in your mind relatted to obama....get a grip.

[dude1394]

Well Gordon Brown and the brits are officially on board. TheOne not only gives him a lame set of DVDs...but they won't even work in his player. Amateur hour.

During the diplomatic kerfuffle over the President's gift to the British Prime Minister of a discount pack of The 25 Greatest Movies You've Already Seen A Zillion Times, I was happy to string along with the jokes that the US-format DVDs wouldn't work on UK machines. Yet, at the back of my mind, I didn't quite believe that even the Obamateur Hour crowd at the White House could be that clueless. Now it's official:

Ah, well. The White House spokesman is said to have "sniggered" upon hearing the news.

[dude1394]

Gotta add Mexico to the official list.

Thursday, March 19, 2009
Democrats: We'll Improve Economy By Setting Off Trade War

The U.S. closed the southern border to Mexican trucking last week, a violation of the North American Free Trade Agreement.

Yesterday, Mexico retaliated by raising tariffs on nearly 100 U.S. products. The new tariffs will range from 10% to 45%.

Yea..that outta help.

[dude1394]

Safe to say that the NEA is NOT having Buyers Remorse.

Letter to the Democrats in the House and Senate on DC Vouchers

March 05, 2009
Dear Senator:
The National Education Association strongly opposes any extension of the District of Columbia private school voucher (”DC Opportunity Scholarship”) program. We expect that Members of Congress who support public education, and whom we have supported, will stand firm against any proposal to extend the pilot program. Actions associated with these issues WILL be included in the NEA Legislative Report Card for the 111th Congress.

Vouchers are not real education reform. Pulling 1,200 children out of a system that serves 65,000 doesn’t solve problems - it ignores them. Real reform will put a qualified teacher in every classroom, keep their skills up to date with continuing education, and raise pay to attract and retain the best teachers. Rather than offering a chance for a few, we should be ensuring that every child has access to a great public school.

Opposition to vouchers is a top priority for NEA. Throughout its history, NEA has strongly opposed any diversion of limited public funds to private schools….

[Mavdog]

Originally Posted by dude1394

Gotta add Mexico to the official list.

Yea..that outta help.

could you do a little, any, research before you post?

obama was opposed to stopping the program that allows mexican trucks into the usa, and wanted the funding to continue.

now he is working to get the truck program going again.

A spokeswoman for the Office of the U.S. Trade Representative, Debbie Mesloh, said Obama has told the office to work with Congress, the Transportation and State departments and Mexican officials to come up with legislation to create "a new trucking project that will meet the legitimate concerns" of Congress and U.S. commitments under the North American Free Trade Agreement.

article link

so if you did not want the program stopped, you and obama both agree.
if you want the program working again, you and obama both agree.

[dude1394]

Did he sign it or not. Good grief...the dude can do anything and all he has to say is that he won't do it next time and the oboma-cons will fall all over themselves.

[Mavdog]

"won't do it next time"??? and wouldn't "oboma-cons" be people against obama?

you've got so many cute names for obama it seems you've tripped on that one.

apparently you are of the incorrect opinion that congress is subserviant to the president, and the president controls what congress does.

congress placed a stop on the program's funds in the last spending bill. to stop the ban obama would need to veto the entire bill, effectively shutting down the federal government over this issue.

anyone who would support a veto of the bill simply due to this one item is a fool.

long and short, if you believe the program is a good thing, you agree with obama, who has publically stated his intention to get it up and running again.

to do that he must get it approved by congress, who decides where the $ can be spent.

pretty simple really, at least to those with clear vision.

your vision is a bit clouded.....

[dude1394]

So he did sign it. It's his party and his law that he signed, period.

[Mavdog]

huh? "it's his party.."?? are you under the mistaken impression that there were no republican votes in favor of the bill?

if that's is what you believe, you're wrong.

like I said above, if anyone believes the president controls congress, or believes the president should veto the spending bill over this issue, they're fools.

are you in that camp?

[dude1394]

Anyone who believes a president can't veto or impact a bad bill when his party controls congress is an adoring fool. Are you in that camp?

[Mavdog]

so under that silly logic, every piece of legislation, and every item in any legislation passed during the first 6 years of bush's presidency is his, he "owns it", right?

[dude1394]

Might have to put the CBO on the list also.
http://cboblog.cbo.gov/?p=216

#
The cumulative deficit from 2010 to 2019 under the President’s proposals would total $9.3 trillion, compared with a cumulative deficit of $4.4 trillion projected under the current-law assumptions embodied in CBO’s baseline. Debt held by the public would rise, from 41 percent of GDP in 2008 to 57 percent in 2009 and then to 82 percent of GDP by 2019 (compared with 56 percent of GDP in that year under baseline assumptions).
#
Proposed changes in tax policy would reduce revenues by an estimated $2.1 trillion over the next 10 years. Proposed changes in spending programs would add $1.7 trillion (excluding debt service) to outlays over the next 10 years. Interest costs associated with greater borrowing would add another $1.0 trillion to deficits over the 2010–2019 period.
#
Our estimates of deficits under the President’s budget exceed those anticipated by the Administration by $2.3 trillion over the 2010-2019 period. The differences arise largely because of differing projections of baseline revenues and outlays. CBO’s projection of baseline deficits exceeds the Administration’s estimate (prepared on a comparable basis) by $1.6 trillion.

[dude1394]

The list seems to be getting more popular.

[Flacolaco]

Plus, he picked 5 of the 6 Pac-10 teams to lose in the tournament. Hey guess what B.O., the Pac-10 is 5-1.

East coast bias!!!

[MavsWiLLHaVeRinGs]

If North Carolina doesnt win it all this year, it's time for impeachment.

[Murphy3]

So, Obama not only hates whites..but he also hates the mentally challenged?

[mary]

Why do I find it so hysterical that someone quoted Jim fraking Cramer??

Ha!

[Mavdog]

Originally Posted by Mavdog

so under that silly logic, every piece of legislation, and every item in any legislation passed during the first 6 years of bush's presidency is his, he "owns it", right?

I don't understand why it is so difficult to get answers to these questions....could it possibly be due to the truthful answer not conforming to the spin the right wishes to put on the issues?

hmm....

[dude1394]

Originally Posted by Mavdog

I don't understand why it is so difficult to get answers to these questions....could it possibly be due to the truthful answer not conforming to the spin the right wishes to put on the issues?

hmm....

It's not difficult..the questions are stupid. Everything he signs is his bill...everything. It's also congress's...but he approves and signs it, end of story.

[Mavdog]

so every item in every bill that bush signed from 2001 to 2006 is his, he "owns it", right?

[dude1394]

Originally Posted by Mavdog

so every item in every bill that bush signed from 2001 to 2006 is his, he "owns it", right?

Yup.

[Mavdog]

so the economic crisis that we are now experiencing is totally bush's fault, right? after all he signed all the legislation...he "owns it", correct?

[dude1394]

No...I never said it was "totally" Obama's fault, but he is the leader of the democrat party. But that he owns it because he signed it..buck stops here and all that. Congress owns this monstrosity also.

As with dubya...he allowed the Barney Frank and Chris Dodd to reduce capital requirements for home loans and he signed it. It's on him just as much. Only difference is that I know how he felt about it because he tried to not do it, but still his name is on it at the end of the day...he's done a lot of stupid financial stuff.

Obama...is right there with 'em. I haven't seen any type of leadership by him on this, he just wants to spend the money as fast as possible (get it over with) so he can spend more money on his other pet projects.

Republicans/democrats aren't blameless...but if theOne hadn't been pushing this as an emergency "stimulus" bill possibly they might have read it. The republicans were trying to improve it, but couldn't (unpatriotic you know) and they got beat. It happens.

[Mavdog]

Originally Posted by dude1394

No...I never said it was "totally" Obama's fault, but he is the leader of the democrat party. But that he owns it because he signed it..buck stops here and all that. Congress owns this monstrosity also.

As with dubya...he allowed the Barney Frank and Chris Dodd to reduce capital requirements for home loans and he signed it. It's on him just as much. Only difference is that I know how he felt about it because he tried to not do it, but still his name is on it at the end of the day...he's done a lot of stupid financial stuff.

Obama...is right there with 'em. I haven't seen any type of leadership by him on this, he just wants to spend the money as fast as possible (get it over with) so he can spend more money on his other pet projects.

Republicans/democrats aren't blameless...but if theOne hadn't been pushing this as an emergency "stimulus" bill possibly they might have read it. The republicans were trying to improve it, but couldn't (unpatriotic you know) and they got beat. It happens.

so it's a pick and choose from your viewpoint....

look, you have to read their words. if you want to lay all the onus on obama for the stimulus bill, fine, he did push for its passing.

the tarp bonus tax bill? he didn't ask for it, he didn't endorse it, and we'll see if he signs it and what he says about the bill once it (if actually) reaches his desk. it's not his to own.

the president is not held responsible for all that congress does. many times the president signs a bill for its intended focus in spite of the riders that are in it.

that is the case for the mexican truck issue. obama did not ask for it, did not endorse the action, and has asked for the funding to be restored.

criticism is fine, criticism is healthy, yet criticism should be honest and accurate.

[Robillion]

This is dude and 92bdad's playground. No matter what kind of common sense logic and coherent points can be brought in to this forum, they will always be there to flood the thread with their own opinion however warped and biased it is. I don't even bother. It is futile.

Dude has 19 of the 37 posts in this thread...and it is the same story in every other thread in this forum it seems.

[dude1394]

It's your opinion mavie. I happen to lay it on the top man. Sure I have more faith in dubya than theOne, because dubya isn't a dyed in the wool populist liberal.

But dubya signs it, he's culpable, no matter how much of it he doesn't like. The problem with theOne is that his fellowship will allow him to do the sidestep dance like in Best Little Whorehose in Texas..

He can do anything (and does) but all he has to say is that he didn't mean it and that's okay by his flock.

He'll do the same thing here.. He'll demagogue the bonues...sign the bill and then say that he really doesn't like it much. But he'll sign it. His flock will say "oh he really doesn't mean it" and give him a pass. Much like he's gotten for the last year.

[92bDad]

call it a playground...reality is not something that liberals understand.

Hopefully we can hang until we have a change in leadership...especially within the Congress!!!

Now that I'm back from a chilled vacation, I'll weed through the mess and get back to posting comments...great to see that folks like Robillion missed my input.