[MMike]

http://www.npr.org/templates/story/story.php?storyId=94900671

He's not a fan of the bail-out.....he actually sounded....kinda smart! Weird...

 

[Samirol]

the bailout is designed so the recession isn't as bad, or we can do things the Hoover way, say the fundamentals are fine (he did say this) and that bailing out the stock market is silly.

700 billion - 1 trillion is a very expensive lesson to learn.

 

[stoney]

it's beyond $700bill. It's an open credit with no oversight. Not a safe or smart way to "fix" (which it can't) this situation.

 

[Silver]

Did he give a **** over the Invasion of Vietnam or Iraq?

No?

Really?

Consider this the "surge" of economic policy. Hopefully Paulson and Bernanke are the economic version of Petraeus and have the same favorable hole cards he did.

(Bernanke gets a bad rap...he's got to deal with all the stuff Greenspan ignored. Obama's going to be in the same situation if he gets elected.)

 

[Samirol]

it's beyond $700bill. It's an open credit with no oversight. Not a safe or smart way to "fix" (which it can't) this situation.

Well, the idea that I've gotten from reading a bunch of different economist's points on both sides of the aisle is that this won't fix the problem, it will just make it last shorter. Regulation needs to be stuffed in to keep this from happening again as well as money for the middle class.

 

[Arutha]

Well, the idea that I've gotten from reading a bunch of different economist's points on both sides of the aisle is that this won't fix the problem, it will just make it last shorter. Regulation needs to be stuffed in to keep this from happening again as well as money for the middle class.

Just a quick question. Can someone point me to a page that truely shows how Obama is going to classify middle class? I've seen 100k a year, is that filing jointly? Just want to get the facts. Sorry to hijack.

 

[Samirol]

Just a quick question. Can someone point me to a page that truely shows how Obama is going to classify middle class? I've seen 100k a year, is that filing jointly? Just want to get the facts. Sorry to hijack.

Under 150k/year (I think), which is really terrible, but it is better than McCain who says under 5 million/year.

 

[syadasti]

Under 150k/year (I think), which is really terrible, but it is better than McCain who says under 5 million/year.

Its 250K

http://www.huffingtonpost.com/2008/06/13/obama-wants-payroll-tax-o_n_107072.html

http://money.cnn.com/2008/06/11/news/economy/candidates_taxproposals_tpc/index.htm

 

[Samirol]

Its 250K

http://www.huffingtonpost.com/2008/06/13/obama-wants-payroll-tax-o_n_107072.html

http://money.cnn.com/2008/06/11/news/economy/candidates_taxproposals_tpc/index.htm

I originally wrote that, but then I double checked on google and came up with this

http://firstread.msnbc.msn.com/archive/2008/06/12/1135488.aspx

Obama middle-class tax cut “massive” and stressed that those making “under $150,000 a year would see no tax increase of any kind” -- not payroll tax, not capital gains, “not a single tax,” Hodes said.

“I want to clear up any misconception that Sen. Obama is proposing an across-the-board capital gains tax,” Hodes said, adding that only those making $250,000 or more a year would see a capital gains tax increase.

which I think insinuates that 150k and below is middle class according to Obama, but maybe I'm misreading it. 150k is way too high in any case.