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Okie Boarder wrote: Looks like the Senate and the House have both passed the bill and it is headed to Obama for a signature. Here's something interesting... My Dad and I were talking last weekend about the extension of the current tax plan and its effects on the economy. He was telling me he was watching Neil Cavuto and Cavuto had a guest on the show that falls into the "rich", business person category. The question was posed to him about how the passing of this bill might effect his strategy moving forward regarding hiring, etc. The answer was that it won't change a thing in the way he is operating the business right now. He went on to explain that although this removes some doubt as to the upcoming business climate, since it is only an extension for two years, it doesn't give him much confidence for stability past that. Changing your hiring policy for a two year period of time isn't very smart business and can come back to bite you in ther butt. I wonder how many businesses are thinking this same thing. If it is a majority, you won't see much of a change in our current situation. For me, personally, I'm glad they are staying in place because I can maintain status quo. I'm not going to run out and stimulate the economy, but I know I can continue my recent spending and saving pattern. If they had been left to expire, that budget plan would be reduced and I would be spending less to maintain the same level of savings I've been doing.

I believe that's absolutely true. The CEO of UPS said the same thing, and in fact expanded on that thought. He said that for business the higher taxes or lower taxes could be planned for as long as there was a long period of policy they could count on. He said large businesses plan in 5 and 10 year periods, so the government putting 1 and 2 year plans in place didn't help with future planning.

I hope the findings of the debt commission have an impact. The idea of lowering taxes in the face of overwhelming spending and debt doesn't make any sense to me. I'm all for lowering taxes, but lets get serious about reducing spending, and we all know that reduced spending can only happen with changes in entitlements.

Oh i can see the ammunition propanda in 2012....we extended the tax breaks, its the worst possible thing that couldve happened. you guy's need to realize under this "tax break" with creative accounting and dividend checks, i got every nickel back that i paid into federal personal income taxes...its a guilty feeling i get.
dont worry though the pubbys still wont get my vote

Nah, I think I'll keep it..might even send Obamarama a 20 spot with the Christmas card I'll be sending him lol

i usually dont believe much of what i hear, but statistics are a pretty good indicator of things....
can anyone provide a link to this?
stansberryresearch.com

http://www.stansberryresearch.com/pro/1011PSIENDVD/WPSILC06/PR

its real funny, when I traveled outside the US, in the early 90's, everyone i worked close with would beg me to trade 100 bills for their currency, particularly the Boliva, i didnt understand why at the time...
I dont know how it is nowadays?
Anyone travel outside the country lately?

The more things change the more they stay the same!

eric lavine wrote: take one hour of your day and listen to the 1 hour video, this guy isnt looking into a crystal ball, he is basing everything on facts, there are alot of little clues everyday that solidifies his thoughts and facts, the headlines in the paper yesterday was "privatizing the correctional institutions accross the countries" states cant afford it. The dollar, which is the only currency that can be printed at will with nothing backing it is starting to not be accepted in the world market.....A plus, on listening. Dave, i expect you to definitely listen to this one lol

Eric, Thanks, like I needed another reason to roll around sleepless at night. You do relize it is primarily your beloved Dems that have put us where we are. So did you join up? What actions are you personally taking after getting this information?

there are 2 reactions, this guy is nuts or you'll lose sleep thinking about it....obviously, your thinking about it.
my personal take on it, im not gearing up for the apocolypse, or a coup....but it does seem to me the government is giving us "your on a need to know basis" but the signs are there.
Our country gets pissed off and sends out an all out ground invasion into the dessert and to date 8000 have died in the cause, So this tells me there are no scruples and If another country wanted to knock us on our knees, it could easily be done economically, and a little evidence of this is the World trade centers.
If i was lets say Japan, and a couple of big firecrackers were dropped in my back yard and with no sense of retaliation because i didnt have the means, and i knew i could economically over time move my Risk pieces, I surely would go that route......Do you really think they wiped their hands of 1945? Do you think the south is still pissed off at the North? and that was 200 years ago

4.00 bucks by summer...just in time for ski season

eric lavine wrote: 4.00 bucks by summer...just in time for ski season

Seems like that's what started the downward spiral in 2008. Wonder how it will effect us this time?

I hear the the a big storm on the horizon is insolvency of states like CA, NY & NJ.

and Ohio, trying not to create fear and pull money. here is what really kills me and if you put it into perspective you'll get sick. when a bank lends you money it is almoat a guarenteed return unlike the stock market. I'll use this as an approximate example, when I bought this place 14 years ago with 20% down, i borrowed 120k, 14 years of payments at a thousand a month equals 180k, Now recently a couple of the places sold around me for the same money i purchased this place for, in which on my investment it should be around the 250k mark, its not, the banks already got their return, sht they made 60 k on me already, and if i miss 3 payments they come in, short sale the place an recoup another buck 20.....not a bad return on the banks part. if i knew then what i know now, I wouldve rented a place for half of that and banked the money.
I dont feel bad if a bank fails, when you look at these figures you just shake your head

Gary, us in Maine too. We haven't been funding the state pension plan for years and that's coming due in a couple years. That's another big storm on the horizon that a lot of states have and that the Feds won't be able to bail out. Retired people are going to see their pensions cut.

Eric, human nature when it comes to real estate. When you buy and it goes up, it's because the buyer is a wise investor. When you buy and it goes down, it's because someone scewed you.

Bruce, on personal property? there was an upward turn when i had my house appraised 8 years ago at the 190 mark, now its at the 150 mark...where is that lost value?
I thought at the time it was a wise investment.
apparently someone screwed me along the way....with a reach around lol

63, are you noticing city services are not as they once were....it is starting at local levels, i firmly can see the trend