How have you benefited directly from Obama's Presidency?

I am curious as to who here can say that they have benefited directly from Obama's Presidency in a way they would not have if somebody else had won. So, what direct personal benefit have you received from the trillions in additional deficit spending? If none and you are a democrat, what is your rationale for voting for him?

Maybe that whopping tax cut he did - the one that added about $7 a week to some people's paychecks - is a big benefit to some.

I can't think of anything that he did.

Is that the tax cut on top of the Bush Tax Cut?

I got a friend who's now out of Iraq. I guess that counts.

Oh yeah, and he signed the Credit Card Accountability, Responsibility, and Disclosure Act (2009), which prohibits credit card companies from raising rates without advance notification, mandates a grace period on interest rate increases, and strictly limits overdraft and other fees, that's a bonus.

I can't say this has personally affected me, as I have no realalistic way of testing, but he did sign the FDA Food Safety Modernization Act, so who knows, that could have saved me from some food poisining.

Not to mention my German pals have a better view of me and Americans in general ever since he took office.

That's a few, I guess.

Fisher said:

I am curious as to who here can say that they have benefited directly from Obama's Presidency in a way they would not have if somebody else had won. So, what direct personal benefit have you received from the trillions in additional deficit spending? If none and you are a democrat, what is your rationale for voting for him?

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My son is on my insurance without being a student. He had to quit school owing to a more important issue and keeping him insured has been critical for him and kept him from going into debt.

This would not have happened if McCain were president and Romney wants to repeal Affordable Care Act, so...

Fisher said:

I am curious as to who here can say that they have benefited directly from Obama's Presidency in a way they would not have if somebody else had won. So, what direct personal benefit have you received from the trillions in additional deficit spending? If none and you are a democrat, what is your rationale for voting for him?

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This has been asked and answered so many times by the right. You either don't read the responses or you don't like the answer.

People, even though they may not have directly benefited from Obama, will vote for Obama because they believe a Romney Presidency will be worse.

There are many ways I can think of a Romney presidency being worse such as getting us into a war with Iran, favorable legislation for the corporations, and more conservative picks to the SCOTUS as such examples. I think a Romney presidency will be worse than an Obama one, but I don't support Obama either.

Jredbaron96 said:

I got a friend who's now out of Iraq. I guess that counts.

Oh yeah, and he signed the Credit Card Accountability, Responsibility, and Disclosure Act (2009), which prohibits credit card companies from raising rates without advance notification, mandates a grace period on interest rate increases, and strictly limits overdraft and other fees, that's a bonus.

I can't say this has personally affected me, as I have no realalistic way of testing, but he did sign the FDA Food Safety Modernization Act, so who knows, that could have saved me from some food poisining.

Not to mention my German pals have a better view of me and Americans in general ever since he took office.

That's a few, I guess.

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Do you think that was a positive?

I've made a killing on my 'Shuck and Jive' stocks.

Mason66 said:

Do you think that was a positive?

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Well, I do occasionally use credit cards. I'd prefer not to have my rates raised with knowing.

Jredbaron96 said:

Well, I do occasionally use credit cards. I'd prefer not to have my rates raised with knowing.

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Do you think the credit card are just going tolose that revenue?

They raise fees on everybody else, not just people that deserve to have their rates raised, so now everybody has to pay more.

Is that OK with you? It isn't with me.

My high risk health insurance premium went down 6% after Obamacare was upheld.

Fisher said:

I am curious as to who here can say that they have benefited directly from Obama's Presidency in a way they would not have if somebody else had won. So, what direct personal benefit have you received from the trillions in additional deficit spending? If none and you are a democrat, what is your rationale for voting for him?

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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.

Jredbaron96 said:

I got a friend who's now out of Iraq. I guess that counts.

Oh yeah, and he signed the Credit Card Accountability, Responsibility, and Disclosure Act (2009), which prohibits credit card companies from raising rates without advance notification, mandates a grace period on interest rate increases, and strictly limits overdraft and other fees, that's a bonus.

I can't say this has personally affected me, as I have no realalistic way of testing, but he did sign the FDA Food Safety Modernization Act, so who knows, that could have saved me from some food poisining.

Not to mention my German pals have a better view of me and Americans in general ever since he took office.

That's a few, I guess.

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The Credit Card act has also made it very difficult for people to get those cards. That's actually a good thing so I'll agree with that one.

However, it wasn't Obama's bill. It was introduced in 2008 before Obama was elected, and was passed by Congress in 2009 with bipartisan support, so it can hardly be attributed to Obama or his Presidency. He merely signed it into law. Bush would have done the same thing.

Jredbaron96 said:

Well, I do occasionally use credit cards. I'd prefer not to have my rates raised with knowing.

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If you pay them in full at the end of the month, you don't have payment rates.

Fisher said:

I am curious as to who here can say that they have benefited directly from Obama's Presidency in a way they would not have if somebody else had won. So, what direct personal benefit have you received from the trillions in additional deficit spending? If none and you are a democrat, what is your rationale for voting for him?

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$8000 first time home buyers tax credit.
$1250 Energy efficient home upgrade credit
$3000 Payroll tax holiday
$1600 Making work pay tax credit

Zero foreign terrorist attacks at home.
Zero attempts to politicize foreign policy.
Zero Terry Schiavo incidents.
Zero Gitmo Bay Incidents.
Zero FEMA failures.
Zero new wars.
Zero torture.

The security of knowing that I will never be denied health care coverage.

Jredbaron96 said:

I got a friend who's now out of Iraq. I guess that counts.

Oh yeah, and he signed the Credit Card Accountability, Responsibility, and Disclosure Act (2009), which prohibits credit card companies from raising rates without advance notification, mandates a grace period on interest rate increases, and strictly limits overdraft and other fees, that's a bonus.

I can't say this has personally affected me, as I have no realalistic way of testing, but he did sign the FDA Food Safety Modernization Act, so who knows, that could have saved me from some food poisining.

Not to mention my German pals have a better view of me and Americans in general ever since he took office.

That's a few, I guess.

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Iraq would have ended either way IMO, and the FDA still, unfortunately, have a trillion fewer inspectors than people think they have.

If you have a credit card, it probably has or will affect you. That was the single thing I give him credit for having been significant. The part that is most relevant is that if you charge something when your rate is 6% they can only charge you 6% on that purchase even if your rate goes to 20% on new purchases. It locks in rates on each purchase so they cannot screw you when you hit your credit limit and get rate jumps.

Mason66 said:

Do you think the credit card are just going tolose that revenue?

They raise fees on everybody else, not just people that deserve to have their rates raised, so now everybody has to pay more.

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That makes for good propoganda, but doesn't rate true. Yeah, interest rates went up, but it had nothing to due with the Act. In fact, studies by CardHub.com and the Center for Responsible Lending revealed that such trends were merely the result of economic pressures typical of a recession and not the law. Actually, according to these studies, historical economic data shows that the interest rate increase and decline in available credit seen during the Great Recession should have been worse considering the widespread unemployment, credit card delinquency and credit card charge-offs.

CJ 2.0 said:

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.

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Made me chuckle that one did.

Jredbaron96 said:

That makes for good propoganda, but doesn't rate true. Yeah, interest rates went up, but it had nothing to due with the Act. In fact, studies by CardHub.com and the Center for Responsible Lending revealed that such trends were merely the result of economic pressures typical of a recession and not the law. Actually, according to these studies, historical economic data shows that the interest rate increase and decline in available credit seen during the Great Recession should have been worse considering the widespread unemployment, credit card delinquency and credit card charge-offs.

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My interest rate actually went down about .5% after the change, but that is more a credit thing than a direct benefit.

Mithros said:

$8000 first time home buyers tax credit.
$1250 Energy efficient home upgrade credit$3000 Payroll tax holiday
$1600 Making work pay tax credit

Zero foreign terrorist attacks at home.
Zero attempts to politicize foreign policy.
Zero Terry Schiavo incidents.
Zero Gitmo Bay Incidents.
Zero FEMA failures.
Zero new wars.
Zero torture.

The security of knowing that I will never be denied health care coverage.

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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:

Jredbaron96 said:

That makes for good propoganda, but doesn't rate true. Yeah, interest rates went up, but it had nothing to due with the Act. In fact, studies by CardHub.com and the Center for Responsible Lending revealed that such trends were merely the result of economic pressures typical of a recession and not the law. Actually, according to these studies, historical economic data shows that the interest rate increase and decline in available credit seen during the Great Recession should have been worse considering the widespread unemployment, credit card delinquency and credit card charge-offs.

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IO didn't say rates went up, I said the credit card companies institute fees to cover the monies they would have lost otherwise, making every card holder pay for what less people wold have paid for.

They just spread it out and raise everybodys fees.

I don't see that as a positive.

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.

Fisher said:

I am curious as to who here can say that they have benefited directly from Obama's Presidency in a way they would not have if somebody else had won. So, what direct personal benefit have you received from the trillions in additional deficit spending? If none and you are a democrat, what is your rationale for voting for him?

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I completely support several very important provisions in Obamacare. I'm glad he got it passed. While I'm not happy with the way he got it passed? Maybe ramming it down Congress' throat was the only way it was ever going to get done. I think it's going to need tweaking; think it's going to cost a whole lot more than we think; but, end result? It's time had come.

The important provisions I support include the change that insurance companies can no longer exclude people on the basis of pre-existing conditions. That premiums must be level for everyone within an age group. So, if someone's had three heart attacks (example), and is 65 years old, he can't be charged any more than someone who is 65 and perfectly healthy.

People who have had employer-provided health insurance all of their lives have no idea what it's like to purchase individual policies. Who purchases individual policies? The entrepreneurs among us. Job creators. There are probably millions of people who would leave Corporate America and start their own businesses were it not for their uninsurability. Well, no more.

That is a very good thing for our economy. Not only will those "would-be entrepreneurs" leave Corporate America and leave a few million available jobs in their wake, they'll be starting their own businesses and working towards providing jobs for other Americans as well.

I knew the individual mandate would be found constitutional one way or another. I'm not sure the penalty is steep enough. I know it's going to cost a veritable fortune; but it had to happen. And Obama got it done.

Fisher said:

I am curious as to who here can say that they have benefited directly from Obama's Presidency in a way they would not have if somebody else had won. So, what direct personal benefit have you received from the trillions in additional deficit spending? If none and you are a democrat, what is your rationale for voting for him?

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I heard some people got free phones and food vouchers.

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.