Crazy? Maybe, Maybe Not

143 replies [Last post]
Provocative Put's picture
Offline
Joined: 2008-10-14

I have a former associate who tells me that House and Senate staffers have been
talking to Wall Street insiders about developing a common strategy to merge
private sector retirement plans with the Social Security system.
 

This was done recently in Argentina--government just took the pension
plans.

 

The possibility that this could happen here caused my friend and I to
discuss how to stay ahead of the power curve.

 

He suggested that paying a 10% penalty for premature withdrawal is
certainly favorable to losing the entire account--there's no way to argue with
that.

 

He also suggested that paying taxes at 2008 rates would be favorable to
paying taxes at any rate in the coming years.   That what we pay for taxes in
2008 will probably be the lowest rate for the rest of our lives--regardless of
how young anybody is.

 

So he is opining that the surest way to preserve wealth in the coming Age
of Obama is to not own a retirement plan--and to get out of them now.  He
further believes that no matter how onerous the tax ramifcations of an early
withdrawal are they are still favorable to waking up one morning to hear that
the evil troica of Obama, Pelosi and Reid orchestrated an overnight seizure of
all retirement plans.

 

There are twenty million stories in The Naked City.  This has been one of
them.

HymanRoth's picture
Offline
Joined: 2008-08-25

Were you just looking for our feedback before you submitted this to the National Enquirer?

snaggletooth's picture
Offline
Joined: 2007-07-13

HymanRoth wrote:Were you just looking for our feedback before you submitted this to the National Enquirer?
 
Meth can definitely make people do some odd things...

Provocative Put's picture
Offline
Joined: 2008-10-14

snaggletooth wrote:HymanRoth wrote:Were you just looking for our
feedback before you submitted this to the National Enquirer?  
Meth can definitely make people do some odd things...

So, do you think that seizing retirement plans cannot happen, or are you simply not wanting to think about it?

deekay's picture
Offline
Joined: 2007-05-15

I don't agree with a lot of what Put says on these boards, but I think he is spot on with this sort of thinking.  A mandatory 5% contribution to the government-run retirement plan?  All the government is doing is deferring a huge payment to themselves.  401ks and other qualified plans are simply one of the biggest tax traps ever invented.  And they have full control over how they are administered. 
 
There is nothing in the tax code that states they cannot change the mandatory retirement age.  There is nothing in the tax code that states they cannot create another excise tax on withdrawals from plans over a certain dollar amount.  What the government has done is ensure they can change the rules whenever they want (and usually to their, as opposed to the people's) benefit.

snaggletooth's picture
Offline
Joined: 2007-07-13

Provocative Put wrote:snaggletooth wrote:HymanRoth wrote:Were you just looking for our feedback before you submitted this to the National Enquirer?
 
Meth can definitely make people do some odd things...So, do you think that seizing retirement plans cannot happen, or are you simply not wanting to think about it?
 
Do I think it can happen?  I guess anything is possible.
Do I not want to think about it?  Absolutely.
 
I can't do anything about it.  I have no control over it.  I just do what is best with what I've got today. 

B24's picture
B24
Offline
Joined: 2008-07-08

Imagine what would happen if 59.5 was now 62 or 64 or 65.  The govies could easily force early retirees to work a few extra years before tapping their retirement (without penalty).  This would add billions to the SS coffers and keep people contributing to 401K's during their highest earning years. 

bspears's picture
Offline
Joined: 2006-11-08

I could see that argument happening for one simple reason: Fewer and fewer bodies to take the place of the retiring workforce.  Think about it...you have this tremendous amount of people starting to head into "retirement years" and fewer people to replace.  What will the ave business do to attract fewer employees, raise wages.
I could see businesses lobbying for later retirement for their best workers AND having a way to rid themselves of the large 401k liability.  They DON'T like having retirement plans that expose them to lawsuits. This will be the next lawsuit craze, sue IBM because they didn't do enough to make sure you made all the right decisions in your 401k and when you thought running those hypos with 12% returns would net you 1mil by retirment and it is just 330k...who is going to make up the gap...IBM...thats who. 

babbling looney's picture
Offline
Joined: 2004-12-02

Put is absolutely right. 
 

So he is opining that the surest way to preserve wealth in the coming Age of Obama is to not own a retirement plan--and to get out of them now.  He further believes that no matter how onerous the tax ramifcations of an early withdrawal are they are still favorable to waking up one morning to hear that the evil troica of Obama, Pelosi and Reid orchestrated an overnight seizure of all retirement plans.
 
This is already happening in Argentina. 
 
On a personal level, I'm about ready to throw in the towel and retire.  I'm sick about what is happening to our country, the comming socialist regime and tired of being the Little Dutch Boy trying to plug up the holes in a ever changing regulatory and punitive environment.  I'll probably hang in for another year or so, but I see "a bad moon arising" .   Really really bad.

snaggletooth's picture
Offline
Joined: 2007-07-13

babbling looney wrote:Put is absolutely right. 
 

So he is opining that the surest way to preserve wealth in the coming Age of Obama is to not own a retirement plan--and to get out of them now.  He further believes that no matter how onerous the tax ramifcations of an early withdrawal are they are still favorable to waking up one morning to hear that the evil troica of Obama, Pelosi and Reid orchestrated an overnight seizure of all retirement plans.
 
This is already happening in Argentina. 
 
On a personal level, I'm about ready to throw in the towel and retire.  I'm sick about what is happening to our country, the comming socialist regime and tired of being the Little Dutch Boy trying to plug up the holes in a ever changing regulatory and punitive environment.  I'll probably hang in for another year or so, but I see "a bad moon arising" .   Really really bad.
 
Pardon my ignorance, but has there ever been a political leader or president as socialistic in the U.S. as what everyone here thinks we will be getting? 

B24's picture
B24
Offline
Joined: 2008-07-08

NO.  Obama takes the cake.

B24's picture
B24
Offline
Joined: 2008-07-08

bspears wrote:I could see that argument happening for one simple reason: Fewer and fewer bodies to take the place of the retiring workforce.  Think about it...you have this tremendous amount of people starting to head into "retirement years" and fewer people to replace.  What will the ave business do to attract fewer employees, raise wages.
I could see businesses lobbying for later retirement for their best workers AND having a way to rid themselves of the large 401k liability.  They DON'T like having retirement plans that expose them to lawsuits. This will be the next lawsuit craze, sue IBM because they didn't do enough to make sure you made all the right decisions in your 401k and when you thought running those hypos with 12% returns would net you 1mil by retirment and it is just 330k...who is going to make up the gap...IBM...thats who
 
I think we may see another "tipping point" in pension law coming soon, precisely for the reason above.  After this bloodbath, and 10-year sideways market, I think lawmakers and pension experts are going to start questioning the conventional "new" wisdom that individuals can manage their own retirement portfolios.  Despite all the warnings and education and tools available to 401K participants, most still just do their own thing - either way too conservative (like all in the "fixed" bucket) or way too aggressive (like all company stock or just picking all the smoking funds from last year).
 
But what is even scarier, is that I have helped many clients balance their 401K's, and they still just got hammered (although they would have done fine through 2000-02).
 

bspears's picture
Offline
Joined: 2006-11-08

I've been a political junkie for many years and I can't remember a worse candidate, other than maybe Jimmy Carter.  As I've told many people, Obama will take us down a path we have NEVER experienced before.  This will cause turmoil to our system on an unbelievable scale...THe socialist are becoming more free market and we are moving to a socialist model....heaven help us...blood will be shed...I can see the countries who HATE us licking their chops...ready to jump on us...to destroy our way of life...If his policies affect any industry..ours would have to be one that has the most to lose.  We make great money, our clients like lower capital gains and 401k rollovers are our gold mines...

snaggletooth's picture
Offline
Joined: 2007-07-13

bspears wrote:I've been a political junkie for many years and I can't remember a worse candidate, other than maybe Jimmy Carter.  As I've told many people, Obama will take us down a path we have NEVER experienced before.  This will cause turmoil to our system on an unbelievable scale...THe socialist are becoming more free market and we are moving to a socialist model....heaven help us...blood will be shed...I can see the countries who HATE us licking their chops...ready to jump on us...to destroy our way of life...If his policies affect any industry..ours would have to be one that has the most to lose.  We make great money, our clients like lower capital gains and 401k rollovers are our gold mines...
 
I'd like to be a little more optimistic.  Isn't it possible that everyone has gotten the Y2K scare over Obama?  Might he change his course to a more mainstream view once elected?  Wouldn't some of the "smarter", more senior Democrats curtail the more socialistic ideas of Obama?  There has to be some sensible Democrats...they aren't all socialists.
 
 

BondGuy's picture
Offline
Joined: 2006-09-21

I was talking to a friend who works inside the beltway for Nat'l Science Foundation and they are really worried that an an inner galactic SGR (soft gamma repeater) may go neutron star on us with a highly destructive GRB (Gamma Ray Burst). Apparently, according to my friend, the probability of this happening is inversely proportional to the republicans losing the executive branch in 2008. He said their observations have caused them to go to condition orange. They are even moving the plants inside! He said this trumps any concerns he had about Palin not even believing in GRBs. He's voting for McCain.

snaggletooth's picture
Offline
Joined: 2007-07-13

BondGuy wrote:I was talking to a friend who works inside the beltway for Nat'l Science Foundation and they are really worried that an an inner galactic SGR (soft gamma repeater) may go neutron star on us with a highly destructive GRB (Gamma Ray Burst). Apparently, according to my friend, the probability of this happening is inversely proportional to the republicans losing the executive branch in 2008. He said their observations have caused them to go to condition orange. They are even moving the plants inside! He said this trumps any concerns he had about Palin not even believing in GRBs. He's voting for McCain.
 
You have some weird friends...

BondGuy's picture
Offline
Joined: 2006-09-21

FDR and the New Deal brought the same socialist dribble from the whining losers.

Indyone's picture
Offline
Joined: 2005-05-31

snaggletooth wrote:bspears wrote:I've been a political junkie for many years and I can't remember a worse candidate, other than maybe Jimmy Carter.  As I've told many people, Obama will take us down a path we have NEVER experienced before.  This will cause turmoil to our system on an unbelievable scale...THe socialist are becoming more free market and we are moving to a socialist model....heaven help us...blood will be shed...I can see the countries who HATE us licking their chops...ready to jump on us...to destroy our way of life...If his policies affect any industry..ours would have to be one that has the most to lose.  We make great money, our clients like lower capital gains and 401k rollovers are our gold mines...
 
I'd like to be a little more optimistic.  Isn't it possible that everyone has gotten the Y2K scare over Obama?  Might he change his course to a more mainstream view once elected?  Wouldn't some of the "smarter", more senior Democrats curtail the more socialistic ideas of Obama?  There has to be some sensible Democrats...they aren't all socialists.
 
Sure, this is certainly possible and I expect that before four years are past, we'll find a fairly normal course of running the country.  After all, at least most of the 435 members of congress are probably interested in re-election.  Don't be surprised to see some negative (at least economically) legislation at the beginning of the next term as various social programs are introduced, and more bailouts are handed out, but eventually, the sheer numbers will force the government to revert to the mean.  My advice is to ride this out.  Like any other cycle, it won't last forever.

Rugby's picture
Offline
Joined: 2006-06-06

BondGuy wrote:I was talking to a friend who works inside the beltway for Nat'l Science Foundation and they are really worried that an an inner galactic SGR (soft gamma repeater) may go neutron star on us with a highly destructive GRB (Gamma Ray Burst). Apparently, according to my friend, the probability of this happening is inversely proportional to the republicans losing the executive branch in 2008. He said their observations have caused them to go to condition orange. They are even moving the plants inside! He said this trumps any concerns he had about Palin not even believing in GRBs. He's voting for McCain.I am sure you have your DVR ready to tape the half hour Obama info commercial tomorrow night.  Obama needs to keep up the propaganda because of all the free propaganda that the MSM is giving him isn't enough to punch it in the end zone.  Now he wants people to take the day off next Tuesday to vote...Take the day off...it takes 5 minutes to vote.  Seems like something they do in Socialist countries.  We are in for a huge mess with these clowns in charge.  (Obama, Biden, Frank, Pelosi, Dodd, Dean and God forbid...Al Franken).   

BondGuy's picture
Offline
Joined: 2006-09-21

Babs, you are way over the top on this. The country not only survived the most socialist leader in modern times, FDR, it thrived. You are looking at this the wrong way. Just think of  how you can spend that check that Mr. Obama will be sending you.
 
 Seriously, where you see nothing but "Bad moons", I see opportunity. If nothing else rebalance, take some loses, and DCA back in.
 
All this is temporary, soon we'll be in a new day. New day, new crisis, new opportunity.
 
 

bspears's picture
Offline
Joined: 2006-11-08

The depression and bear market ran from 1929 to 1941....FDR did more to keep the country in a depression than he did to get it out of one...look it up...

Provocative Put's picture
Offline
Joined: 2008-10-14

bspears wrote:The depression and bear market ran from 1929 to
1941....FDR did more to keep the country in a depression than he did to
get it out of one...look it up...

Yep, but talk to a Keysian and they'll wax poetically about what a warm and fuzzy idea FDR's tax and spend policies were.

What the socialism of the 1930s did do for us is build basically all of
those rock buildings in the national parks as well as a two foot tall
rock wall for miles and miles and miles along old roads such as Route
66.

At least in those days a government check required you to do
something.  It may be a "Make Work" task such as building a wall
alongside the road, or it may have been something worthwhile like
building a lodge at Yellowstone.

But at least it was making them do something.  Today you can get on the dole and they'll direct deposit for you.

Thank you FDR, thank you LBJ, thank you Jimmy Carter, thank you Bill Clinton.

We need a President Obma like we need a dose of syphlis.

bspears's picture
Offline
Joined: 2006-11-08

As my wife and I were traveling south last week, she commented on why she couldn't understand why they just don't go to a flat tax that everyone pays.  I told her if that would happen what would the two parties spar over...I'm going to f the rich vs I'm going to help the wealth builders...they'd have no favors to dole out.

gvf's picture
gvf
Offline
Joined: 2008-07-01

Also, imagine how many people would lose their job if we had an easy tax system.Remember in Idiocracy when the president stopped using Brawndo (a gatorade copy-cat) to water the crops?  The stock fell 90% and over half the nation lost their jobs (everyone worked for Brawndo).  I imagine it would be similar to that. 

now_indy's picture
Offline
Joined: 2006-07-28

Here's a scary thought I heard recently. 
 
If Obama does "tax the rich" and less than half of the population pays taxes, we could actually have an election where the president is elected 100% by people who pay no taxes (yes, I understand the electoral college, but you get the idea).

babbling looney's picture
Offline
Joined: 2004-12-02

BondGuy wrote:Babs, you are way over the top on this. The country not only survived the most socialist leader in modern times, FDR, it thrived. You are looking at this the wrong way. Just think of  how you can spend that check that Mr. Obama will be sending you.
 
 Seriously, where you see nothing but "Bad moons", I see opportunity. If nothing else rebalance, take some loses, and DCA back in.
 
All this is temporary, soon we'll be in a new day. New day, new crisis, new opportunity.
 
 
 
You mean that check from the money that they are already taking from me.  Look...I don't mind paying taxes if there is a real return on my investment.  Taxes are for the common good and things like infrastructure, military, police, fire depts etc.  They can even be used to help some people in TEMPORARY dire straights like unemployment insurance and food stamps.  The Democrats and Obama want to create a permanent underclass of welfare recipients and level the working class so they can keep power centralized and the people/sheeple sedated.  Obama wants to confiscate the money that I and other small business owners, like myself, make and literally GIVE it in a cash rebate to someone who doesn't pay taxes.  That is out and out socialism and perpetuates welfare mentality.
 
Why the fuck (excuse my French) should I work my ass off, get an ulcer only to have my income taken from me.  Where is the incentive to work......there isn't any and that is the point of the Socialist agenda.  To keep us all dependent on the state and unmotivated to succeed is the plan.   FDR set the country back by 10 years into a deeper depression than what would have been had they left well enough alone and drug the rest of the world into hell with him.
 
The bad moon arising?.   Civil unrest, resentment between people based on the confiscation of private property to give to Obama's chosen.  Reparations to blacks for slavery over 140 years ago, for which most of us have zero connection and is really really going to piss people off.  Civil disobedience and violence between peoples.  Socialistic dogma being forced upon the children, negating the wishes of parents.  Forced "community" service. Obama wants to social engineer and community organize the US. 
 
The economy is going to slow to a grinding halt by a Democrat generated depression through stupid economic policies, that will probably spread world wide creating even more unrest and possible wars.  I personally think that the international incident that Biden hinted at is when Obama throws Israel under the bus and a nuclear even happens in the middle east.  And Obama will do nothing or even side with the attackers.  Mr. Dinner Jacket in Iran is already being pushed out of the picture for some reason.  I don't think it is good. 
 
More?   Possible nationalizing of various industries, (agriculture, oil production, mining, transportation) to spread the wealth around and then we spin into a Zimbabwe type cycle of inflation and food shortages.  The refusal to build up infrastructure to bring oil, gas or coal to our industries  and the sheer incompetence of the government run monopolies, will leave us at the mercy of countries who mean us no good.  Short sighted economic policies leading to high inflation or even hyper inflation.  All in the name of enacting Obama's socialistic wet dreams.
 
Personally, I'm investing in 12 gauge shotgun shells, 22 cartridges, 30.06 shells and a Mormon size pantry.   You won't catch me within 200 miles of any large city until this is over and I expect this downturn to last for at least 4 to 6 years. 
 
People who vote for Obama, like Put said, are too stupid to be allowed to live.

troll's picture
Offline
Joined: 2004-11-29

I have a question for Bondguy.  How much of your production do you donate to the underperformers in your office?  After all, it is the  patriotic thing to do.

troll's picture
Offline
Joined: 2004-11-29

To Babs post, if you think this country is racist now, wait until Osama start making reparations for slavery.  This is not going to be pretty.  Osama talks about civil unity, while his interviews and actions speak to the opposite.

Provocative Put's picture
Offline
Joined: 2008-10-14

Primo wrote:

I have a question for Bondguy.  How much of your production do you
donate to the underperformers in your office?  After all, it is
the  patriotic thing to do.

It's humorous that Bond Guy is such a butt boy for huge government in
light of the fact that he makes his living selling bonds that are
designed to keep tax money away from the very government he so
slavishly loves.

troll's picture
Offline
Joined: 2004-11-29

Put, and I mean this in the most positive way possible, I disagree (we will leave it at that) with most of what you say, but on this issue we agree completely.

Provocative Put's picture
Offline
Joined: 2008-10-14

Primo wrote:

To Babs post, if you think this country is racist now, wait until Osama
start making reparations for slavery.  This is not going to be
pretty.  Osama talks about civil unity, while his interviews and
actions speak to the opposite.

I can't imagine The One bringing up the idea of reparations--however, I
can't imagine him not signing such a law if Speaker Pelosi and Leader
Reid orchestrate one to send him.

Those who plan to vote for this guy because he's going to be a unifying factor--THINK!

Hell, he'll be lucky to live long enough to run for reelection because
he is such a divisive figure.  He has never--as in NEVER--even
pretended to be bi-partisan,  There is no more liberal
Senator.  There is no less qualified empty suit ever to get a
major firm's nomination, much less appear to be all but elected.

He based his entire candidacy on his opposition to the war--and morons
who have no idea who he was swooned.  He was a back bench part
time state senator when the decisions to go to war were being
made.  If he was against it it was what he muttered to himself
while taking a dump because nobody else was listening and he didn't
have to cast a vote on it.

How about the promise to not raise your taxes.  The deal is that
in 2001 and 2006 we had two tax reductions.  They are sunsetted
for 2010, meaning they will simply expire.  So it will not require
a presidential action to raise your taxes, all he has to do is do
nothing and your taxes will go up about 5% in 2010.

You experience a tax increase, but the liar from Illionois didn't do it
to you.  It's like he's saying, "I won't rape you" knowing full
well he will watch you being raped by somebody else.

Thank you media for the most dishonest coverage of a presidential campaign in American history.

troll's picture
Offline
Joined: 2004-11-29

Provocative Put wrote: Primo wrote:To Babs post, if you think this country is racist now, wait until Osama start making reparations for slavery.  This is not going to be pretty.  Osama talks about civil unity, while his interviews and actions speak to the opposite.I can't imagine The One bringing up the idea of reparations--however, I can't imagine him not signing such a law if Speaker Pelosi and Leader Reid orchestrate one to send him.Those who plan to vote for this guy because he's going to be a unifying factor--THINK!Hell, he'll be lucky to live long enough to run for reelection because he is such a divisive figure.  He has never--as in NEVER--even pretended to be bi-partisan,  There is no more liberal Senator.  There is no less qualified empty suit ever to get a major firm's nomination, much less appear to be all but elected.He based his entire candidacy on his opposition to the war--and morons who have no idea who he was swooned.  He was a back bench part time state senator when the decisions to go to war were being made.  If he was against it it was what he muttered to himself while taking a dump because nobody else was listening and he didn't have to cast a vote on it.How about the promise to not raise your taxes.  The deal is that in 2001 and 2006 we had two tax reductions.  They are sunsetted for 2010, meaning they will simply expire.  So it will not require a presidential action to raise your taxes, all he has to do is do nothing and your taxes will go up about 5% in 2010.You experience a tax increase, but the liar from Illionois didn't do it to you.  It's like he's saying, "I won't rape you" knowing full well he will watch you being raped by somebody else.Thank you media for the most dishonest coverage of a presidential campaign in American history.
 

 
Don't forget that he will tell you what you want to hear when he thinks it will benefit him only to change course when it is in his best interest.  Example #1:  "I will take only publice funds if my opponent agrees to do the same".  When he takes office, he will no longer need to lie.  He can push his agenda without fear of reprisal due to the right being in the minority.

snaggletooth's picture
Offline
Joined: 2007-07-13

Provocative Put wrote: Primo wrote:To Babs post, if you think this country is racist now, wait until Osama start making reparations for slavery.  This is not going to be pretty.  Osama talks about civil unity, while his interviews and actions speak to the opposite.I can't imagine The One bringing up the idea of reparations--however, I can't imagine him not signing such a law if Speaker Pelosi and Leader Reid orchestrate one to send him.Those who plan to vote for this guy because he's going to be a unifying factor--THINK!Hell, he'll be lucky to live long enough to run for reelection because he is such a divisive figure.  He has never--as in NEVER--even pretended to be bi-partisan,  There is no more liberal Senator.  There is no less qualified empty suit ever to get a major firm's nomination, much less appear to be all but elected.He based his entire candidacy on his opposition to the war--and morons who have no idea who he was swooned.  He was a back bench part time state senator when the decisions to go to war were being made.  If he was against it it was what he muttered to himself while taking a dump because nobody else was listening and he didn't have to cast a vote on it.How about the promise to not raise your taxes.  The deal is that in 2001 and 2006 we had two tax reductions.  They are sunsetted for 2010, meaning they will simply expire.  So it will not require a presidential action to raise your taxes, all he has to do is do nothing and your taxes will go up about 5% in 2010.You experience a tax increase, but the liar from Illionois didn't do it to you.  It's like he's saying, "I won't rape you" knowing full well he will watch you being raped by somebody else.Thank you media for the most dishonest coverage of a presidential campaign in American history.
 
I agree with you here Put.  This may be obvious to some of us here, but is unknown to the general public.
 
I have a huge problem with how the Republicans have run this campaign.  First, was McCain really the best man?  Not in my opinion.  Second, why hasn't he brought up some of these obvious things?  It's not rocket science.  You don't see him addressing this stuff.  In other words, it's Obama's election to lose, therefore McCain needs to attack.  Problem is that either he is lost or his advisors have run him into the ground.

Provocative Put's picture
Offline
Joined: 2008-10-14

Primo wrote:
 

 
Don't forget that he will tell you what you want to hear when he
thinks it will benefit him only to change course when it is in his
best interest.  Example #1:  "I will take only publice funds
if my opponent agrees to do the same".  When he takes office, he
will no longer need to lie.  He can push his agenda without fear
of reprisal due to the right being in the minority.

He has the built in deflector, "You're only against his idea because
you're a racist."  Nobody will be able to question anything they
do.

Babs has the right idea--just hole up somewhere as if it is going to be a four year hurricane.

Personally my wife and I may take off for Europe--we've talked about
living over there for a few years and never got around to it. 
This may be the time.

Provocative Put's picture
Offline
Joined: 2008-10-14

snaggletooth wrote:
 
I agree with you here Put.  This may be obvious to some of us here, but is unknown to the general public.
 
I have a huge problem with how the Republicans have run this
campaign.  First, was McCain really the best man?  Not in my
opinion.  Second, why hasn't he brought up some of these obvious
things?  It's not rocket science.  You don't see him
addressing this stuff.  In other words, it's Obama's election to
lose, therefore McCain needs to attack.  Problem is that either he
is lost or his advisors have run him into the ground.

Both parties fielded about the worst candidate they could.  I had
made the maximium contribution to Rudy and kept thinking that he and
his advisors knew what they were doing betting everything on
Florida.  What a supreme dumb ass move.

On the Democrat side the anti-Clinton sentiment was so deep that the
party wanted her to be defeated.  In order to do that it was going
to have to be another woman or a black candidate.  There were no
qualified women and there were no qualified blacks--so they chose a
gifted speaker who was black and ran with him.

Hillary really screwed up by not contending in the caucus states. 
She also fell victim to a lot of mischief--I know people in several
states who voted for Obama to do their part as an anti-Hillary voice.
Those folks will NOT vote for him in the general elections, yet
pollsters assume that they will because they are "registered Democrats"
having voted in the Democrat primaries.

I am in the small school of thought that believes that the polls are
meaningless.  The pollsters are weighting their results based on
assumptions drawn on the belief that there are huge numbers of new
voters and that there was huge Democrat turnout in the primaries.

The new voters have proven to be mostly ACORN fraud and the huge
Democrat turnout included millons of Republicans who were voting for
Obama to screw with Hillary but who would never vote for Obama when it
really mattered.

LImbaugh has been on the air screaming, "It's all about race."  I
agree, I think it's actually a referendum on if white people are still
in charge of the United States and I think that at least 25% of the
white Democrats are going to vote "Not so fast."

I know I sound crazy, and I know I could have egg all over my face--but
I would not be at all surprised if the only electoral votes Obama wins
are those from DC.  I think there are that many bigots out here.

We'll have to wait to see.  If McCain wins it will be a very long
night for the media and a very good day for the Dow on Wednesday.

anonymous's picture
Offline
Joined: 2005-09-29

Both parties fielded about the worst candidate they could. 
 
I have to disagree with this one.  The Democrats have fielded a great candidate.  The Republicans have fielded a terrible one. 
 
This election reminds me of Bush/Kerry.  The Republicans were Pro-Bush.  The Dems were anti-Bush.  In this election, it's just the opposite.  The Dems are Pro-Obama.  The Republicans are Anti-Obama.
 
It's awfully tough to win an election when your voters are anti-the other guy instead of pro-your guy.
 
My point is that the Dems are excited about Obama, therefore, they have a good candidate.  The Republicans are not excited about McCain, therefore, they have a bad candidate.

anabuhabkuss's picture
Offline
Joined: 2005-05-02

Provocative Put wrote: Primo wrote:
 

 
Don't forget that he will tell you what you want to hear when he thinks it will benefit him only to change course when it is in his best interest.  Example #1:  "I will take only publice funds if my opponent agrees to do the same".  When he takes office, he will no longer need to lie.  He can push his agenda without fear of reprisal due to the right being in the minority.He has the built in deflector, "You're only against his idea because you're a racist."  Nobody will be able to question anything they do.Babs has the right idea--just hole up somewhere as if it is going to be a four year hurricane.Personally my wife and I may take off for Europe--we've talked about living over there for a few years and never got around to it.  This may be the time.
 
Haha I love it. First you speak about people who hate America and now you have the balls to express a desire to leave the country (which you will never do). Probably the smartest, and most embarrassing, thing you have posted on this forum. And then the irony of picking Europe of all places, hahaha. What a joke.

anabuhabkuss's picture
Offline
Joined: 2005-05-02

Primo wrote:I have a question for Bondguy.  How much of your production do you donate to the underperformers in your office?  After all, it is the  patriotic thing to do.
 

I have an answer to this question. He makes half a mil in production, enough to justify hiring a new assistant in the branch that can answer the underperformers calls and justifty keeping the branch alive for the underperformers to have a seat they can sit on.
 
You like?

anabuhabkuss's picture
Offline
Joined: 2005-05-02

Primo wrote:To Babs post, if you think this country is racist now, wait until Osama start making reparations for slavery.  This is not going to be pretty.  Osama talks about civil unity, while his interviews and actions speak to the opposite.
 
Wait wait wait...so you're using the term Osama and excluding yourself from the racist category on top of coming up with some hypothetical future scenario you have no basis to predict?
 
I have a brilliant idea for you Primo, why not go work that crystal ball of yours to pick appropriate investments to help yuor clients before your family ends up on the street.
 
This thread and it's posters are embarrassing. I often wonder how many of you would have the balls to say this stuff in public. Even more embarrassing that you think we live ina  country where a "racist terrorist" can become senator/next president of the United States.
 
I really need to limit my time reading this site.

Provocative Put's picture
Offline
Joined: 2008-10-14

anabuhabkuss wrote:
 
Haha I love it. First you speak about people who hate America and
now you have the balls to express a desire to leave the country (which
you will never do). Probably the smartest, and most embarrassing, thing
you have posted on this forum. And then the irony of picking Europe of
all places, hahaha. What a joke.

Idiot, we would not live in Europe to escape the United States.  We would live in Europe to enjoy living in Europe.

I've been married to an airline employee for close to forty
years.  We vacation in Europe, always have and always will. 
But time was always limited.  Now it's not since we're both
retired.

We envision an apartment in Salzburg where we can shoot off in any
direction for a few days, come back, wash the clothes and take off
again.  Life is not a dress rehearsal.

That you're too dumb to be interested in what is around the bend or
over the hill will cause you to be on your death bed wondering why you
never lived in Europe for a few years.

Sometimes all one needs is a little shove to make a major
change--having to endure Atlanta in the Age of Obama is reason to leave
Atlanta.

anabuhabkuss's picture
Offline
Joined: 2005-05-02

Hate to burst your bubble, but I wasn't born in the states and have lived the minority of my life here.
 
I would live as a peasant in Salzburg just to get a glimpse of the Salzburg festival every year (attended once). Beautiful place. Kudos on the choice. May I also recommend South of France...Marseille for instance? How about a Dubai or Kuwait even (maybe not, since that bubble is due for a burst before long)?

Provocative Put's picture
Offline
Joined: 2008-10-14

anabuhabkuss wrote:

Hate to burst your bubble, but I wasn't born in the states and have lived the minority of my life here.
 
I would live as a peasant in Salzburg just to get a glimpse of the
Salzburg festival every year (attended once). Beautiful place. Kudos on
the choice. May I also recommend South of France...Marseille for
instance? How about a Dubai or Kuwait even (maybe not, since that
bubble is due for a burst before long)?

We spend Christmas in Salzburg if there is snow.  If there's not
we'll go elsewhere.  Been doing that for years.  Hasn't been
snow in December since 2005--but in light of whats happening in New
England today there is hope for Salzburg.

Don't much care for Marseille, but love Provence.  Last spring we
spent two weeks in an apartment overlooking the harbor at Casis and two
weeks in a "Villa" just outside of Avignon.

France pretty much sucks compared to Switzerland, Austria Germany and The Benelux.

babbling looney's picture
Offline
Joined: 2004-12-02

Provocative Put wrote: anabuhabkuss wrote:
 
Haha I love it. First you speak about people who hate America and now you have the balls to express a desire to leave the country (which you will never do). Probably the smartest, and most embarrassing, thing you have posted on this forum. And then the irony of picking Europe of all places, hahaha. What a joke.Idiot, we would not live in Europe to escape the United States.  We would live in Europe to enjoy living in Europe.I've been married to an airline employee for close to forty years.  We vacation in Europe, always have and always will.  But time was always limited.  Now it's not since we're both retired.We envision an apartment in Salzburg where we can shoot off in any direction for a few days, come back, wash the clothes and take off again.  Life is not a dress rehearsal.That you're too dumb to be interested in what is around the bend or over the hill will cause you to be on your death bed wondering why you never lived in Europe for a few years.Sometimes all one needs is a little shove to make a major change--having to endure Atlanta in the Age of Obama is reason to leave Atlanta.
 
Ireland is quite nice.  The people speak English (sort of) and they have great beers and whiskey.  The temperature is moderate and the taxes are low.
 
Salzburg is also very beautiful, (my daughter spent a semester of college in Salzburg) but I suggest you also look at Portugal for the winters.  A lovely country with interesting food and friendly happy people.
 
 

babbling looney's picture
Offline
Joined: 2004-12-02

Even more embarrassing that you think we live ina  country where a "racist terrorist" can become senator/next president of the United States.

 
No no no.  You have the wrong emotion. It isn't embarrassing to think that we are about to elect a racist (look at the church he attended for 2 decades) who sympathizes with the enemies  of the US. like Ayers and praises terrorists  (I do not think that Obama is a terrorist)  
 
It is  frightening to think that we are about to elect a man with a socialist agenda who is guaranteed to destroy our economy and put us at the utmost security risk.  Almost as frightening as having Democrats in complete control of the country. 

anabuhabkuss's picture
Offline
Joined: 2005-05-02

Babs I wasn't referencing your posts per se but I do appreciate your inside information on the conditions of our world in the foreseeable future.
 
Pardon my ignorance, but when we throw the terms "socialist" around are we talking about Palin or Obama here?

babbling looney's picture
Offline
Joined: 2004-12-02

anabuhabkuss wrote:Babs I wasn't referencing your posts per se but I do appreciate your inside information on the conditions of our world in the foreseeable future.
 
Pardon my ignorance, but when we throw the terms "socialist" around are we talking about Palin or Obama here?
 
Evidence that Put is right yet again.  Too stupid to live.

anabuhabkuss's picture
Offline
Joined: 2005-05-02

It's unfortunate, and irrelevant, that you think that lol
 
Dave Letterman said something that was offbeat but that was funny and very true.
 
He said years ago his brains would hurt over all the stupid people that surrounded him. 10, 30, 40 years passed and everyone was stupid until one day he stopped and had the courage to ask this one question:
 
"What if I'm the idiot?"
 
It's unfortunate that your inability to clarify, back any of your statements that were fed to you from FOX news or retort intellectually has driven you to resort to brown nose a man who admitteldy has spent the last 12 years calling people stupid on a  message board.
 
Your clients should be proud.

Provocative Put's picture
Offline
Joined: 2008-10-14

anabuhabkuss wrote:

Babs I wasn't referencing your posts per se but I do appreciate your
inside information on the conditions of our world in the foreseeable
future.
 
Pardon my ignorance, but when we throw the terms "socialist" around are we talking about Palin or Obama here?

Obama is a Marxist and he will destroy the financial services
industry.  If you're in this business and you vote for Obama you
are too stupid to be allowed to live.

At 3:45 today the Dow was up a bit less than 300 points.  By 4:00 it was down 75.

The catalyst for the decline was Nancy Pelosi and Harry Reid holding a
joint press coverence announcing that they intend to engage in a
strategy that the refer to as a "Ram Slam" as they shove socialism down
the nation's throat in the first 100 days.

The intend to spend billions on "stimulus" which means nothing more
than spending for spending's sake.  They intend to shove through
Universal Health Care.  They intend to raise the capital gains
tax, gift tax, inheritance tax and anything else they can raise.

THEY INTEND TO OUTLAW SECRET BALLOTS IN UNION ORGANIZING EFFORTS. 
Until now there were two steps in a unionizing effort.  A thug
would intimidate employees into signing a card calling for an election,
but that election was secret and employees who had been intimidated
into requesting the vote could vote no.  The unions don't like
that and the Democrats--union butt boys--are going to change it. 
In the very near future the union thugs can simply intimidate employees
into signing the card, but the card won't be calling for a secret
ballot it will be a vote for the union.

This society needs the coming socialism like we need a case of crablice.

anabuhabkuss's picture
Offline
Joined: 2005-05-02

provocative put wrote:The catalyst for the decline was Nancy Pelosi and Harry Reid holding a joint press coverence announcing that they intend to engage in a strategy that the refer to as a "Ram Slam" as they shove socialism down the nation's throat in the first 100 days.
 
No it wasn't. Pull your head out of the clouds.
 
DESTROY the financial services industry? **** me like everything in the past two years..scratch that, the past decade has been peachy keen, yeah?

Provocative Put's picture
Offline
Joined: 2008-10-14

anabuhabkuss wrote: 
DESTROY the financial services industry? **** me like everything
in the past two years..scratch that, the past decade has been
peachy keen, yeah?

Do you figure you have an IQ higher than the room temperature?

Tell us, what about higher taxes and wild spending on social programs do you think will benefit the investor class.

You class warriors really shouldn't be in a business where you hate your clients and have no desire to join them.

Why don't you quit and become a community organizer so you can target your former emplooyer?

It's very difficult to understand how anybody can be so unmotivated
that they are wanting government to care for them--but it's impossible
to understand how anybody in the finanical community could possibly not
support everything the GOP stands for.

What is something you think I believe that you do not?

Provocative Put's picture
Offline
Joined: 2008-10-14

According to The New York Post  approximately $100 million of the
$150 million collected by Senator Obama last month was charged to
pre-paid debit cards that are not owned by anybod in particular.

In other words the contributions are almost certainly illegal.

And the morons in this country are going to vote for him for the Presidency.

For the first time in my life I am on the verge of being ashamed of my countrymen.

Please or Register to post comments.

Industry Newsletters
Investment Category Sponsor Links

 

Careers Category Sponsor Links

Sponsored Introduction Continue on to (or wait seconds) ×