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Thread: White House Tax Plan Would Ask More of Millionaires (Continued)

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Jryan View Post
    I will argue the first two because anyone can see that every president has done what he thinks is right (Although there right/wrong may not fit with your political agenda).



    Name one president who hasn't done this.



    Have you heard of writing the president a letter, he reads 10 a day. I was listening to NPR and someone wrote him (and he read it) a letter explaining how feed up with how he was running the country etc etc... and he responded thanking him for his advice etc etc...
    Management 101,you delegate AUTHORITY not RESPONSIBILITY. Learn the difference

    A good leader listens to his advisors including his opposition then does what instincts tell you is right. Obama has yet to do what is right and the results show it. He has no leadership instincts at all

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post
    Management 101,you delegate AUTHORITY not RESPONSIBILITY. Learn the difference

    A good leader listens to his advisors including his opposition then does what instincts tell you is right. Obama has yet to do what is right and the results show it. He has no leadership instincts at all
    So you think our country should be ran like a business? "Management 101"

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Jryan View Post
    So you think our country should be ran like a business? "Management 101"
    In many regards yes, but regardless NO leader can ever delegate responsibility. There is an old saying, "that is why one gets paid the big bucks" that you don't seem to understand. If one can delegate responsibility why are we paying his the salary to handle that responsibility if he is going to delegate it to someone else.

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post
    In many regards yes, but regardless NO leader can ever delegate responsibility. There is an old saying, "that is why one gets paid the big bucks" that you don't seem to understand. If one can delegate responsibility why are we paying his the salary to handle that responsibility if he is going to delegate it to someone else.
    Well, for starters, he can't be an expert on everything.

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Jryan View Post
    Well, for starters, he can't be an expert on everything.
    That is why you hire good people which he hasn't done. You delegate the authority to them to do the job but if they fail that is still your responsibility and you are accountable for the results.

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post
    That is why you hire good people which he hasn't done. You delegate the authority to them to do the job but if they fail that is still your responsibility and you are accountable for the results.
    Okay, so you have now changed your view. Why, or are you straw manning me?

    One, he delegates responsibility

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post

    I want to know how being below water hurts a working person more than paying 17.5% interest rates. A 100,000 30 year fixed mortgage at 17.5% is approximately 1500 a month vs a 100,000 30 year fixed rate mortgage at 4% which is approximately $500 a month. that hurts a working person more than being under water on his mortgage.

    This is just another example of you not knowing what you are talking about
    Consider this before you go around telling others they're the ones who don't know what you're talking about ...

    Family A in 1981 buys a home for $100,000 at 17.5% interest ... they can afford it. Family B buys a house in 2003 at 1% interest ... they too can afford it. In both cases, the value of their home drops. Doesn't affect their mortgage payments, both are still fine. During the '81-'82, interest rate drop drastically. Familiy A refinances their home and now have additional money in their budget. Also, family A can now easily afford their mortgage and remain in their house until values rise and they can sell it for a profit, that's also extra money in the pocket of consumers. Family B is not as fortunate because interest rates are already low, they cannot lower their monthly payment like family A. Even worse, their interest rates go up and because they could barely afford their mortgage in the first place, they can no longer afford to keep their home. And to make matters worse, their home is worth up to half of what they paid, they cannot sell it. Unlike family A, who were able to remain in their home until the value rose again, family B loses their home to foreclosure. Unlike Family A who had additional money from from their interest rates drop and made profit from the sale of their home, that was money that made it into the economy. Then we have Familiy B, they have less money to spend because their monthly nut on their home went up. They also lost their home to foreclosure because they weren't in a position like family A to ride out the housing slump, so they also make no profit from their home. That's more money that, unlike familiy A, that is taken out of the pockets of the consumer.

    Now consider there are millions of family B's out there. There is simply no comparison between then and now.

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Jryan View Post
    Okay, so you have now changed your view. Why, or are you straw manning me?
    It doesn't appear that you understand responsibility and authority thus leadership. You asked me for 3 reasons that Obama isn't a good leader and the number one reason is that he delegates responsibility. No good leader EVER delegates responsibility, period

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post

    I don't disagree, the problem arises if you go to sell the house or lose your income thus have to either sell your house or declare bankruptcy. That wasn't the point which was as you also stated if you have no plan to sell or move and have a job it isn't dire. My point was that no one loses anything if the house is under water and they don't have to sell.
    You didn't notice that foreclosures over the last few years are at 80 year highs? People losing their homes can't stay in them nor can they sell them because they're under water. You have no point there.

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post
    That is why you hire good people which he hasn't done. You delegate the authority to them to do the job but if they fail that is still your responsibility and you are accountable for the results.
    Uhmmm Obama hired Paul Volcker as Chairman of the Economic Recovery Advisory Board oh he was also Chairman of the Federal Reserve under Reagan till '87.

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