- Joined
- Aug 2, 2011
- Messages
- 7,692
- Reaction score
- 3,368
- Location
- TN
- Gender
- Male
- Political Leaning
- Libertarian
I get to stay on my parents' health care until I'm 26 which I'm excited about.
My 401(k) has recovered to the tune of hundreds of thousands of dollars since Obama was elected. The portfolio I manage outside of my 401(k) is up 55%. We got a check for over $600 as a result of Obamacare's provision requiring insurers to spend at least 80% of premiums on medical care or else refund the difference. I refinanced my house, taking advantage of historically low interest rates, saving me tens of thousands of dollars.
My 2 younger friends that work in tech have saved almost $3K in tax reductions under Obama. I don't necessarily agree they should have - just saying they did. This thread is NOT about the rightness or wrongness of tax cuts, just the impact of Obama actions.
Some of my real estate purchases in 2009-2010 have appreciated about 20%. Indirectly from Obama policies. Again, I'm not saying this is good or bad - just that it is.
$3000 Payroll tax holiday.
$3000 payroll tax holiday? Huh? The average worker got $80 a month - or a little less than $1000 a year. It was nowhere near $3000.
Which specific Obama policy "indirectly" impacted the value of those properties, and how?
I can't remember what that was all about. Can you refresh my memory?
I'm pretty sure extend is an active verb.You sure that was Obama, actually this occurred under Bush and was extended by Obama.
Do you even know the legislation that you benefitted from? You just assume that anything beneficial began under Obama, right? Nothing ever came out prior to that, right? :roll:
How did Obama impact the residential lending rates? Be specific, please.
FICA tax rate reduced. Surely those with jobs must have noticed this. If you had a 100K job, that was close to $3K savings.
Pressure on banks to stop robo-signing repos and other shady practices, continuance of The MDRA and the first time homebuyer act (not that I agreed with it but...) has taken many properties off market with a resulting price gain from investor competition. I'm one of those investors so I promise you this is reality.
FICA tax rate reduced. Surely those with jobs must have noticed this. If you had a 100K job, that was close to $3K savings.
Pressure on banks to stop robo-signing repos and other shady practices, continuance of The MDRA and the first time homebuyer act (not that I agreed with it but...) has taken many properties off market with a resulting price gain from investor competition. I'm one of those investors so I promise you this is reality.
FICA tax rate reduced. Surely those with jobs must have noticed this. If you had a 100K job, that was close to $3K savings.
Pressure on banks to stop robo-signing repos and other shady practices, continuance of The MDRA and the first time homebuyer act (not that I agreed with it but...) has taken many properties off market with a resulting price gain from investor competition. I'm one of those investors so I promise you this is reality.
No it wasn't. It was a $2202 savings for people making $100,000 per year (2% cut up to $110,100 per year). the average worker (in the $50,000 range) saved $960 per year.
The Canadian dollar has appreciated by about a third - from 75 or so cents on the dollar to above parity. This has made all different sorts of goods and services less expensive for me, particularly when I go down to Florida over the winter holidays.
Now not all of this is thanks to Obama, but he deserves a good chunk of the credit for mismanaging your "economic recovery" so badly while relying so heavily on ridiculously loose monetary policy.
On September 28, 2007, the Canadian dollar closed above the US dollar for the first time in 30 years, at US$1.0052
Primarily by supporting, and reappointing, Bernanke. I suspect that McCain would have replaced him with Phil Gramm, which is a terrifying thought.
true, but that money did not go into the SS fund and therefore SS will go bankrupt sooner.
No it wasn't. It was a $2202 savings for people making $100,000 per year (2% cut up to $110,100 per year). the average worker (in the $50,000 range) saved $960 per year.
The extreme increases in inflation for food, fuel, and utilities really helps everyone out. Only irrational people don't like paying 50% to 100% more for everything. They really like it when their income is also rapidly falling.
And that was extended through 2012 meaning that there are two years of a 2% tax break.
Actually our bills have gone DOWN in the last few years. When we first got here (Bush Admin) we were paying 600 per month for heat and cooling. Now we are down to under 400.
BTW what does who is in the WH have to do with how private enterprise decides to charge for their services. OH yes of coursee thats Obama's fault, just like the flooding and heat in the midwest this summer. I forgot
The first time home buyers tax credit wasn't just a continuation. Under the previous program it was a loan that you paid back over the course of 5? years. This was changed to an 8k tax credit that you only had to pay back if you sold within the next three years.
No it wasn't. It was a $2202 savings for people making $100,000 per year (2% cut up to $110,100 per year). the average worker (in the $50,000 range) saved $960 per year.
right, he made a political move to reduce the FICA rate and accelerate the time that SS goes bankrupt---brilliant.