Posted by
bobcat on Monday, August 04, 2008 10:07:14 PM
American voters are becoming accustomed to the battles of the B presidential candidates with whatever grade loyalty crew they assemble, but the message is then massaged by the press coverage. South Chicago contender B.H.Obama has made his breakfast with Mayor Bloomberg and Investor Warren Buffet a photo op-mind business infusion experience similar to his recent globe trot trip, hoping to render himself a quick-study type that ultimately speaks volumes and that the facts would follow...our votes too! It's too bad that those early sit downs didn't include a miserable calculator or a spreadsheet from such high valued money men? Except for the near dead, the lush government 50 year record low interest rates kept too long, thanks Alan, plus democratic instituted play-your-house for easy money tax benefits from Bill Clinton, gave America and others a new parlor/gamble that used someone else' money....guess where that lead us? Housing crisis.
Obama has his own version of Christmas tree, but don't go there. He wants Bush 43's tax policy to end and return to Jimmy Carters 1970's high tax regime, do your own review of that era; for todays money high rates on dividends and interest will hit the retirement fixed indcome group which is huge and growing...remember the boomers? The calculator that even E-savy money boy Obama could locate is a mortgage calculator to quantify his $250K high wage high taxed family, just look at the democratically passed Housing Bailout Bill, it lift the FHA, Frannie, and Freddie to first time borrowers to $700K+ !!! Do the math, I used an internet calculator and a realistic historic norm 30 year loan of 700k @ 8% and get a monthly payment of $5,136.35...WOW that's 60+k /yr. after tax and living expenses....a conservative banker would look at a borrower of $250k salary with questionable qualifications for a starter FHA home. Damn, your rich before you can get your first home!
He says we can get to alternative energy in 20 years but we don't need conventional energy until New England needs (oil) for this winter, Chavez is offering NewHampshire beggars (oil), so today in MI he tailored his tune to gimp a SPR emergency oilpile reduction of 10%, which is 3 days Americas' consumption, of which is high grade light oil for some crappy heavy crude...sort of like I'll give you my BMW for your Saturn kind of trade, how that alters the Global oil market you've got to ask the quick study form S.Chicago. The more that BHO talks 'specifics' the fuzzier the picture gets. Maybe his payed fors ought to brandish some smart conversation based on reality rather than some poll derived....it'll get our guy the White House? I am waiting for the debates to begin.