The Conservative Cave
Current Events => The DUmpster => Topic started by: Freeper on August 06, 2012, 02:05:51 PM
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Ian62 (243 posts)
Romney's EXTREMELY poor grasp of basic economics
Hurt him badly in his own wallet.
Romney splashed out $12m on a new house in California at or near the very top of the housing market.
The house lost 38.7% of it's value in 2 years.
If someone is this stupid with their own money, just imagine how stupid he would be with yours.
If someone is this stupid about basic economics imagine how much he would hurt America.
http://www.latimes.com/news/nationworld/nation/la-na-romney-property-tax-20120806,0,4428951,full.story
http://www.democraticunderground.com/10021081934
Yeah he is a moron when it comes to economics, that's why Bain was such a failure, and why the 2002 Olympics ended up being canceled. :mental:
We have seen how stupid 0bama has been with our money, does Solyndra ring a bell to you DUmmies?
uponit7771 (13,823 posts)
2. I think the Obama campaign should've made this case earlier; that rMoney doesn't know what
...he's doing with the US economy.
It should've been more explicit seeing that conservatives basically act as if Clinton 8 years didn't exist
Most of the budgets from those 8 years came from the Repukes. :-)
hughee99 (8,714 posts)
6. So people who bought houses before the market dropped are stupid?
Last edited Mon Aug 6, 2012, 12:58 PM USA/ET - Edit history (1)
Which part of "basic economics" allows you to see what they value of your house will be 2 years in the future? Do you think it's a good campaign strategy to suggest that other people that this has happened to are also stupid?
Ian62 (243 posts)
12. So you don't think Romney is interested in saving himself $4.5m?
These people are never satisfied.
They always want MORE money.
That's how they value themselves - in dollar bills.
0bama wants more and more money, he is never satisfied. The difference is, 0bama wants the IRS to just take more and more of our money. People like Romney actually provide a service or product in order to get more money.
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Obama is such an idiot with his own money that he donated $5K to his own campaign. Talk about wasted money. :hammer:
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If anyone is economy stupid, it is obama.
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Obama is such an idiot with his own money that he donated $5K to his own campaign. Talk about wasted money. :hammer:
It's ok he got that 5k from someone else anyway.
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Ya know, I'm kinda in agreement with the DUmbass. :puke: I mean, Romney should know better than to invest his hard-earned on property IN A KNOWN CTD SOCIALIST HELLHOLE. Did he somehow think HIS private property would be somehow exempt when the CommieFornia Assembly came looking for stuff to confiscate/sell in order to
pay off some creditor keep the mindless mob appeased?
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Looking at the mess of things that Obama has brought about, I would say that Obama's grip on economic is tenuous at best
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This from the same people that thinks 1+1 = Potato
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You're too kind, Gator. He's completely economically illiterate. People who do know economics said so from the beginning. When he said "profit to earnings ratio" I knew all I needed to know.
Someone asked him early on, "you don't have much business background. What are you going to do in terms of expertise?" king zero said, "That's what I have Valerie for."
::)
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Oh, comeon -- Really ?
They are going to argue that Romney is a ruthless moneymaking 1%er machine while arguing that he doesn't know the first thing about economics ?
I'm not sure where this 5th dimensional thinking is coming from, but I certainly hope it doesn't result in this primitive going on a zombie rampage in the near future.
Maybe the primitive has seen one two many episodes of Fringe, and the Romney of the nearby parallel universe suffered a tragic brain injury as a child, and is now functioning as well as Forrest Gump.
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Romney hasn't lost anything on the purchase of that real Estate, he is not selling it. He does stand to save a busload on real estate taxes though due to the depressed value of the property.
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The DUches do know that the Obamas were days away from filing for bankruptcy until Bill Ayers wrote Wyle B's first book of lies. Another stereotype proved.
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If anyone is economy stupid, it is obama.
One of your best, if not your best post yet.
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Okay so Romney is a rich 1% who's so incompetent about money he bought a house before the market tanked. And, of course, it couldn't just be because he liked the location and/or since he knows how the economy works, he knows the house won't be underwater forever. Can't believe their convoluted logic sometimes.
Cindie
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The Obamas were living on lines of credit before he hit it big with his book deals. It appears the Obamas had no knowledge of how to manage their own money. This, DUmmies, is economic illiteracy.
http://www.americanthinker.com/blog/2009/04/the_obamas_were_in_debt_and_no.html
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The Obamas were living on lines of credit before he hit it big with his book deals. It appears the Obamas had no knowledge of how to manage their own money. This, DUmmies, is economic illiteracy.
http://www.americanthinker.com/blog/2009/04/the_obamas_were_in_debt_and_no.html
I still think the book deals were a scam just to get him recognition. He was a nobody without a particular interesting or original story, yet he had to books before he ever accomplished anything. Sounds like a set up for a Manchurian Candidate.
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Here in a couple weeks we'll have been in this house 3 years. We paid 89k on a house valued at 116, down from 140. It's now at 64 but that's up from 62. Do I care? Nope it's on it's way back up and will regain it's value when the economy recovers. Or not. Either way it's ours and it's what we wanted and worked for and we have no plans on leaving it.
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I still think the book deals were a scam just to get him recognition. He was a nobody without a particular interesting or original story, yet he had to books before he ever accomplished anything. Sounds like a set up for a Manchurian Candidate.
Especially when you consider that damned near everything in those books, when you start looking and comparing the details, is provable complete and utter bullshit.
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Oh, comeon -- Really ?
They are going to argue that Romney is a ruthless moneymaking 1%er machine while arguing that he doesn't know the first thing about economics ?
...
Well , these are the same people who think that the Sept 11th attacks were in reality an inside job, with holographic planes and micro-nukes bringing down buildings showing a degree of planning and coordination that boggles the mind - Yet President Bush was an incompetent idiot who couldn't wipe his ass without assistance...
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My house is worth 8 times or more than it cost me to build it 43 years ago. Using that as a gauge, I'm a freaking economic genius so vote for me for president.
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My house is worth 8 times or more than it cost me to build it 43 years ago. Using that as a gauge, I'm a freaking economic genius so vote for me for president.
JohnnyRebzombie doesn't sound as good as owebumazombie.
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JohnnyRebzombie doesn't sound as good as owebumazombie.
You want style or substance? I got both, you know.
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Romney hasn't lost anything on the purchase of that real Estate, he is not selling it. He does stand to save a busload on real estate taxes though due to the depressed value of the property.
Ding ding ding, we have our winner. Excellent points, Zeus.
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Ding ding ding, we have our winner. Excellent points, Zeus.
Also consider Barry is spending more on his campaign ads than he is taking in, even with his daily fundraisers! :lmao:
He's a f'n economic genius! :lmao:
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Also consider Barry is spending more on his campaign ads than he is taking in, even with his daily fundraisers! :lmao:
He's a f'n economic genius! :lmao:
He's running his campaign like he's been running the country for the last 3+ years. No surprise there.
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I still think the book deals were a scam just to get him recognition. He was a nobody without a particular interesting or original story, yet he had to books before he ever accomplished anything. Sounds like a set up for a Manchurian Candidate.
I was over at the Thinker a few days ago reading their stuff on his 'book writing' ability. Scam is putting things mildly.
Hat tip to Trav for that article. I was also looking at Obie's released taxes on the web but hadn't seen that article.
Obie is a fraud through and through there is just too much proof out there to think otherwise. If the MSM had any integrity this Bozo would have never made it to the Senate let alone the White House.
He and Michelle just aren't that bright. Affirmative action may trump equal opportunity but it you are not going to get anything more out than you put in. A bright child denied opportunity is one thing a mediocre child is another, Obie is that mediocre child. With all the advantages he has had he should be a world beater but when you see him unplugged or read his unedited writing it is obvious. You cannot make a silk purse out of a Barry big ear. Michelle aka Aunt Ester is an even bigger train wreck. :panic:
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They might also look into the current value of the Obama/Resco mansion in Chitown.
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They might also look into the current value of the Obama/Resco mansion in Chitown.
It will cost the US taxpayer a fortune to secure it once he is out of office. I figure the friends of Osama are waiting until he is out of Washington to pay them a midnight visit.
I doubt they will ever get a sound nights sleep worrying about every little sound in the night and wondering if it is a Jihadist looking to settle the score.
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One of your best, if not your best post yet.
Thank you. I am learning you guys. :-)
I still think the book deals were a scam just to get him recognition. He was a nobody without a particular interesting or original story, yet he had to books before he ever accomplished anything. Sounds like a set up for a Manchurian Candidate.
obama didn't even write his book. Bill Ayers did ...
[snip]
Bill Ayers Admits For Second Time He Wrote Obama's 'Dreams From My Father'
For the second time in less than eighteen months, domestic terrorist Bill Ayers admitted he wrote Barack Obama's book "Dreams From My Father."
This time, it was recorded on videotape as he was speaking last Thursday at Montclair State University (video follows with partial transcript and commentary):
UNKNOWN QUESTIONER: Time magazine columnist Joe Klein wrote that President Obama’s book “Dreams From My Father†quote “may be the best written memoir ever produced by an American politician.â€
BILL AYERS: I agree with that.
QUESTIONER: What is your opinion of Barack Obama’s style as a writer?
AYERS: I think the first book is very good. The second one was more of a political hack book, but the first book’s quite good.
QUESTIONER: Right, and also, you mentioned about the Pentagon and…
AYERS: Did you know I wrote it?
QUESTIONER: What’s that?
AYERS: I wrote “Dreams From My Father.â€
CROWD: We know that.
QUESTIONER: You wrote that?
AYERS: Yeah, and if you could help me prove it, I’ll split the royalties with you.
[/snip]
Read more: http://newsbusters.org/blogs/noel-sheppard/2011/03/27/bill-ayers-admits-second-time-he-wrote-obamas-dreams-my-father#ixzz22tOOngas
Here is the video of him saying he wrote it:
[youtube=425,350]http://www.youtube.com/watch?feature=player_embedded&v=OfIZDYm0a54[/youtube]
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From the transcript, it sounds like he's making a joke of the whole thing: "I wrote the book and didn't get a penny in return!!"
Ayers should have known better, since they were neighbors and all; O never gives credit to the person who actually does a thing, not when he thinks the credit will make O look better.
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From the transcript, it sounds like he's making a joke of the whole thing: "I wrote the book and didn't get a penny in return!!"
Ayers should have known better, since they were neighbors and all; O never gives credit to the person who actually does a thing, not when he thinks the credit will make O look better.
Bill O'reilly was saying last night? That he also believes that Ayers did write it.
Here is another article on it.
http://www.saveyourrights.com/obama/dreams-may-turn-to-nightmares-for-the-mendacious-obama/
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Romney hasn't lost anything on the purchase of that real Estate, he is not selling it. He does stand to save a busload on real estate taxes though due to the depressed value of the property.
To which the DUmmies will whine and carry on about how Romney isn't paying enough in property taxes.
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To which the DUmmies will whine and carry on about how Romney isn't paying enough in property taxes.
Obammy is whining Romney only paid 14% in 2010, most likely less than I did.
I wanna know, going by this ODUmmie math, where the 2.8+ odd million came from that I supposedly paid?
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(http://f814.mail.yahoo.com/ya/download?mid=2%5f0%5f0%5f4%5f136609%5fAIHHjkQAACXwUCEGdgtqQiWNz4g&pid=2.2&fid=Trash&inline=1&appid=YahooMailClassic)
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Ayers didn't write that book. He didn't make it, he didn't build it. Someone else did that.
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What were the DUmmies saying about John 'F'n' Kerry docking his yacht, er, I mean his wife's yacht, in another state to avoid the taxes?
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To which the DUmmies will whine and carry on about how Romney isn't paying enough in property taxes.
Like property taxes EVER go down, even in CA. Having owned a house there it's a hell of a lot better deal to hold onto a place forever because the assesed value can't increase by more than 2 pct a year bjt relies more on rolling over properties and new construction to get the big bucks rolling in. And in Ca unlike here, assesed value almost NEVER goes down, even if the price takes a huge dump.
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Like property taxes EVER go down, even in CA. Having owned a house there it's a hell of a lot better deal to hold onto a place forever because the assesed value can't increase by more than 2 pct a year bjt relies more on rolling over properties and new construction to get the big bucks rolling in. And in Ca unlike here, assesed value almost NEVER goes down, even if the price takes a huge dump.
Yep, when we bought our house in CA the taxes on the house doubled when we bought it. The previous owners lived in the house 17 years and had totally remodeled the house.
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Yep, when we bought our house in CA the taxes on the house doubled when we bought it. The previous owners lived in the house 17 years and had totally remodeled the house.
To expand: When we bought the house the assessment was based on OUR purchase price of the house, minus exemptions (about 10K.) So basically until we sold it in 2006, the assessed value (and taxes) increased about 2 percent every year. When we sold the house at nearly double the price for which we purchased it, the new owner got nailed for HIS purchase price--meaning the taxes went from about $4K/year under us to $8K/year, and when the housing market tanked, people are still paying taxes on homes that assessed for 30-40 percent above what they're worth.
Oh, sure--you can go to the county and apply for relief. Good luck getting it.
Granted, property taxes in NH suck, but at least the property is assessed every five years (max.) and tax rates adjusted to meet budgetary requirements. I never liked how CA did it--send all the money to the county, who sends it to Sacramento, who then tells the cities/counties how much they're going to get.