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How have you benefited directly from Obama's Presidency?

I get to stay on my parents' health care until I'm 26 which I'm excited about.
 
AdamT said:
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.
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How did Obama impact the residential lending rates? Be specific, please.
 
I do not understand why people create threads that sound like real questions only to show they have an agenda or bone to pick. Your whole thread question is biased. And both sides do it.
 
specklebang said:
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.
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Which specific Obama policy "indirectly" impacted the value of those properties, and how?
 
$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.
 
Two things am I am positive you are going to disagree with me.

1. My son is Autistic and can't work. He gets SSI and will be getting Medicaid. If McCain would have won, he either wouldn't be getting SSI or Mediciad for him would not be a possibility. If Romney gets in the same thing.

2. With Obama's revamped college funding plan (I am not sure what its official name is) my daughter will be able to get a sensible college loan and have sufficient time to pay it off. If Romney gets in thats all gone.
 
tres borrachos said:
$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.
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So in a two-worker household that adds up to amost $2,000/yr.
 
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.






tres borrachos said:
Which specific Obama policy "indirectly" impacted the value of those properties, and how?
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PerfectStorm said:
I can't remember what that was all about. Can you refresh my memory?
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American said:
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:
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I'm pretty sure extend is an active verb.
 
tres borrachos said:
How did Obama impact the residential lending rates? Be specific, please.
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Primarily by supporting, and reappointing, Bernanke. I suspect that McCain would have replaced him with Phil Gramm, which is a terrifying thought.
 
specklebang said:
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.
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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.
 
specklebang said:
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.
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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.
 
specklebang said:
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.
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right, he made a political move to reduce the FICA rate and accelerate the time that SS goes bankrupt---brilliant.
 
tres borrachos said:
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.
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true, but that money did not go into the SS fund and therefore SS will go bankrupt sooner.
 
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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When Bush took over in 2000, our dollar was at about 0.65 to the Greenback. About 2 years later, it fell a bit more because of what happened on 9/11. A mere 5 years later, for the first time in 30 years, this happened:

On September 28, 2007, the Canadian dollar closed above the US dollar for the first time in 30 years, at US$1.0052
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So what were saying again? That Obama should take a good chunk of the blame? :lol:
 
Bobcat said:
true, but that money did not go into the SS fund and therefore SS will go bankrupt sooner.
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Oh I agree. I think it was a bad idea and was mad at Boehner for going along with it. I'm just pointing out that the number this poster is claiming is not true.
 
tres borrachos said:
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.
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And that was extended through 2012 meaning that there are two years of a 2% tax break.
 
America has benefitted greatly from Obama's Presidency. A big group of young people learned first hand what liberalism looks like when given total power. The mistake is about to be corrected.
 
joko104 said:
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.
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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
 
Mithros said:
And that was extended through 2012 meaning that there are two years of a 2% tax break.
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Then it would be $4000, wouldn't it, not $3000, if you're claiming it over an aggregate of multiple years? It still doesn't sync with your claim of $3000 for someone earning $100,000 a year.
 
wolfman24 said:
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
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Not sure where you live, but in NH, our rates have almost doubled. I don't blame that on Obama - but what do you think Obama did to make your utilities go down exactly?
 
Regardless, it put some upward pressure on house prices. The OP asked about benefits to individuals. I feel it benefitted me. Anyway, the MDRA certainly benefitted me personally because I bough short sales.

Mithros said:
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.
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OK, so my figures were off. $2200 instead of $3000. So?

tres borrachos said:
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.
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If that's your position, then you must be against tax reductions. And yet you support the proposed Romney tax cuts? Won't we go broke faster with a tax cut? Please be reasonable. I know you hate Obama but you can't be on both sides of an issue at the same time.

Bobcat said:
right, he made a political move to reduce the FICA rate and accelerate the time that SS goes bankrupt---brilliant.
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