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Thread: State of the Union Address

  1. #961
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    Re: State of the Union Address

    Quote Originally Posted by MaggieD View Post
    Those gains in your 401K? Better realize them. The stock market has been manipulated by near-zero interest rates set by the Federal government under Obama's watch. When interest rates begin to rise, you'd better be ready to pull the trigger.

    By the by, when Bush left office the DJIA stood at 8400. Four months in to Obama's presidency, thanks in part to Obama's inability to lead and instill confidence, the market plummeted to 6500 in 2009. The market only began recovering when it was socially engineered to do so -- by the Obama Administration lowering interest rates to near-zero.

    Dow Jones Industrial Average (2000 - Present Daily) - Charting Tools - StockCharts.com
    Fed Funds Rate - Rate, Definition & Historical Graph
    Interest rates are being kept this low for at least another year. And btw, they wre reduced to these levels back around 2003. I also don't believe the numbers you're casually tossing around.

    Here are the real numbers:

    1/20/09: 8,280
    5/20/09: 8,422

    The low of 6,547 occurred on March 9th and had nothing to do with Obama's policies and everything to do with the bear market that began its downward spiral some 18 months earlier. 20 days before the Dow bottomed out at 6547, Obama's stimulus was passed and the Dow commenced on one of the steepest inclines in history.

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    Re: State of the Union Address

    Quote Originally Posted by Sheik Yerbuti View Post
    Interest rates are being kept this low for at least another year. And btw, they wre reduced to these levels back around 2003. I also don't believe the numbers you're casually tossing around.

    Here are the real numbers:

    1/20/09: 8,280
    5/20/09: 8,422

    The low of 6,547 occurred on March 9th and had nothing to do with Obama's policies and everything to do with the bear market that began its downward spiral some 18 months earlier. 20 days before the Dow bottomed out at 6547, Obama's stimulus was passed and the Dow commenced on one of the steepest inclines in history.
    I'm not casually tossing around numbers...I linked to both references. Believe what you will, Sheik, it's your money. Hail to the Chief!

    In early 2009, the Fed rate was reduced to near zero...moving hundreds of billions of dollars from cash instruments into the equity market. You actually think the market went up because business was so good????
    The devil whispered in my ear, "You cannot withstand the storm." I whispered back, "I am ​the storm."

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    Re: State of the Union Address

    Quote Originally Posted by MaggieD View Post

    I'm not casually tossing around numbers...I linked to both references. Believe what you will, Sheik, it's your money. Hail to the Chief!
    I don't care where you got your numbers from, they're wrong. Moses could have handed them to you on stone tablets, they'd still be wrong.

    Jan 20, 2009 open=8,280
    Mar 9, 2009 close=6,547
    May 20, 2009 close=8,422

    Quote Originally Posted by MaggieD View Post

    In early 2009, the Fed rate was reduced to near zero...moving hundreds of billions of dollars from cash instruments into the equity market. You actually think the market went up because business was so good????
    The Fed rate was reduced to those levels in late October, 2008. The market was still at 8,776 as it continued to slide downward. And that slide continued until Obama's stimulus passed.

    Federal Funds Data Historical Search - Federal Reserve Bank of New York

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    Re: State of the Union Address

    Quote Originally Posted by sangha View Post
    Payroll taxes, corporate taxes, capital gains, and just about every other form of taxation
    capital gains taxes are income taxes

    try again

    and Payroll "taxes" have never played a prominent role in the divide and conquer schemes of congress

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    Re: State of the Union Address

    Quote Originally Posted by TurtleDude View Post
    capital gains taxes are income taxes

    try again

    and Payroll "taxes" have never played a prominent role in the divide and conquer schemes of congress
    Capital gains taxes are merely usage taxes.

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    Re: State of the Union Address

    Quote Originally Posted by haymarket View Post
    There is no taxing twice for you to worry about. You know that. You have been educated on that false claim time and time and time again.
    Yeah you continually claim that BS over and over but the fact remains most sane people consider it double taxation when the government

    1) takes two cuts of the same pool of money

    2) and there is only one exchange of value

    Look, I realize you want the government to get as much money from people as possible

    I realize you think its fine for one million dollars of profit to be taxed at 350,000 dollars at the corporate level and then taxed another 40% at the dividend level meaning that the government takes 600,000 or more from that One million

    I also realize you think its wonderful that someone who has saved all their lives with investments in the stock market who retire with a dividend income of one million a year will have their taxes go from 150K at the federal level to 300K

    but claiming you have educated me on this is idiotic. when you start paying the amount of taxes I do then you might have somewhat near the same education I do on this subject

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    Re: State of the Union Address

    Quote Originally Posted by winston53660 View Post
    Capital gains taxes are merely usage taxes.
    that's moronic. if you had capital gains taxes you might know that

    when I pay my taxes quarterly the same check and the same form covers both my earned and investment income

    stop lying

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    Re: State of the Union Address

    Quote Originally Posted by TurtleDude View Post
    Yeah you continually claim that BS over and over but the fact remains most sane people consider it double taxation when the government

    1) takes two cuts of the same pool of money

    2) and there is only one exchange of value

    Look, I realize you want the government to get as much money from people as possible

    I realize you think its fine for one million dollars of profit to be taxed at 350,000 dollars at the corporate level and then taxed another 40% at the dividend level meaning that the government takes 600,000 or more from that One million

    I also realize you think its wonderful that someone who has saved all their lives with investments in the stock market who retire with a dividend income of one million a year will have their taxes go from 150K at the federal level to 300K

    but claiming you have educated me on this is idiotic. when you start paying the amount of taxes I do then you might have somewhat near the same education I do on this subject
    And after all is said and who do you run to when the deal goes bad?

    Could it be the government and the courts?

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    Re: State of the Union Address

    Quote Originally Posted by TurtleDude View Post
    that's moronic. if you had capital gains taxes you might know that

    when I pay my taxes quarterly the same check and the same form covers both my earned and investment income

    stop lying
    Uhmm you don't pay capital gains quarterly. And if one has a loss in one year that can carry over to the next year as a write off.

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    Re: State of the Union Address

    Quote Originally Posted by winston53660 View Post
    And after all is said and who do you run to when the deal goes bad?

    Could it be the government and the courts?
    That is rather stupid and non responsive

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