Look what happened at my house (A photo diary)

Farewell my insignificant Liberal twit___my work is done!
Oh, BYE the way___research LIBERAL in Wikipedia and find LIBERALS have no principals/ideals___someday I will return to you___and prepare you for reality___in the meantime, your sweet prince bids you farewell!

Sleep well ShagBag...tomorrow will be a very confusing day for you.

Better bleeding heart than no heart at all...: )
Peace and love

YOU are insignificant!

This is our last chance___do we really want to put Obama, Reid and Pelosi in charge at the same time?

Under an Obama Presidency with Democrats (Reid/Pelosi) in control there will be NO Checks or Balance to guard against Government taking control of our 401K’s!

House Democrats recently invited Teresa Ghilarducci, a professor at the New School of Social Research, to testify before a subcommittee on her idea to eliminate the preferential tax treatment of the popular retirement plans.

In place of 401(k) plans, she would have workers transfer their dough into government-created guaranteed retirement accounts for every worker.

The government would deposit $600 inflation indexed every year into the GRAs. Each worker would also have to save 5 percent of pay into the accounts, to which the government would pay a measly 3 percent return. Rep. Jim McDermott, a Democrat from Washington and chairman of the House Ways and Means Committees Subcommittee on Income Security and Family Support, said that since the savings rate is not going up for the investment of $80 billion__ in 401(k) tax breaks, we have to start to think about whether or not we want to continue to invest that $80 billion for a policy that is not generating what we now say it should.

A few respectful observations:

1) McDermott is right when he says the savings rate is not going up. But the savings rate does not include gains to money you invest in the stock market. It ignores the buildup of net worth. If you bought a share of XYZ Corp. in January at $100, for instance, and its value doubled by December, the savings rate measure would still value that investment at $100. In short, the savings rate is a phony number.

2) So based partly on the above faulty logic, the $4.5 trillion, as of the start of the year, invested in 401(k) plans does not count as savings.

3) Ghilarducci would have workers abandon the stock market right at the bottom of the market. A stupid idea, according to Warren Buffett: I don't like to opine on the stock market, and again I emphasize that I have no idea what the market will do in the short term. Nevertheless, I will follow the lead of a restaurant that opened in an empty bank building and then advertised: 'Put your mouth where your money was.' Today my money and my mouth both say equities.

4) Ghilarducci would offer a lousy 3 percent return. The long-run return of the stock market, adjusted for inflation, is more like 7 percent. Look at it this way: Ten thousand dollars growing at 3 percent a year for 40 years leaves you with roughly $22,000. But $10,000 growing at 7 percent a year for 40 years leaves you with $150,000. That is a high price to pay for what Ghilarducci describes as the removal of a source of financial anxiety and...fruitless discussions with brokers and financial sales agents, who are also desperate for more fees and are often wrong about markets. Please, I will take a bit of worry for an additional $128,000.

5) What effect would this plan have on an already battered stock market? Well, I would imagine it would send it even lower, sticking a shiv into the portfolios of everyone who did not jump aboard. But I am sure the Chinese would love to jump in and buy all our cheap stocks to fund the retirement of their citizens.

My bottom line: If you believe in the long-run dynamism of the American economy, then you have to believe in the stock market. Listen to super investor Buffett, not the prof from the New School.

Did you say something ShagBag? I fell asleep during the intro to your comment....Hi Marilynn!!

Are you kidding? No. I'm not reading that long thing and I'm not coming with you anywhere.

There are the same kinds of stories on both sides. People afraid of saying they are voting for Obama because their parents are racist, of Republican, or both. I agree though, it's not over yet!
So get out there and vote everyone!! Just because the polls are in Obamas favor don't start thinking he doesn't need your vote...EVERY ONE is important!
(I knowJammer, you aren't, we all know how you feel about it.)

Sorry...I still see I hate the mall too. lol

But don't worry...the icon counteracts it. = D

lol i hear you. thats a actual pic of georgie boy flippin off the camera when he was about to give his victory speech from the last election. as he looked into the camera he said and i quote.......thats my victory salute... what a turd he is. i got it from the movie about larry flint..... the right to be left alone. pretty good flick actually

I hate the mall too...

Actually I'm proudly voting Nader.

However, it's a little bit harder to spray paint your own signs in the middle of the street, or put out spray painted signs, without people noticing.

Harder than carving a backwards B in your face and blaming it on the scary black people. ;)

But of course, just because you disagree with someone they're sheep. Nevermind that your kind have been blindly worshipping whatever the GOP does despite it's blatant violation of human and civil rights.

Baaaaaa.

You do realize that Al Gore is one of the founders and owners of Current TV don't you? If you fully knew his involvement in the company, why are you complaining about this site being too liberal? If you don't like it, go find a conservative friendly site instead.

well lets be real here. SOMEONE painted those signs so it was certainly done at some point by someone. it would have been just as easy for the homeowner to do it in his own garage then put the signs back out at night. see what i mean by you people will believe anything that gets put up on this site. and BTW i havent voted for a republican president since 1984.

i know its a site that gore runs or helps run. i just like to see what the democrats are up to. does my opinion offend you? sorry but i do have the right to express it.

opinions (diverse or not) seem to be the whole purpose of this site

one would think that but if you express an opinion other than the popular one for this site you seem to get a good ass chewing. not that i cant take it but when they tell me to go to another site that kinda pisses me off. i sure as hell dont believe everything i see or read on ANY site. there are people who would do something like that to there own shit to make the news and get their 15 minutes of fame and for some of these people to take everything they see on this site as gospel is nothing more than blind faith and we all know blind faith is the crutch of fools

I agree, I am proud of everybody that openly supports their candidate. I am an Obama supporter. No matter what the side, we should all be able to freely support without this kind of bullcrap ignorance.

you are ridiculous.

No, show the proof.

Ask yourself___why you get no responses from your comments or opinions___because they are___and you are simply insignificant!

I always communicate with Kennymotown....hmmm, could it be you made an assumption before knowing your facts shagbag? No, you'd never do that?
Hi Kenny!

A TASTE OF AMERICA UNDER PRESIDENT PALIN ?