I'm not exagerrating nothing. BHO is the one who over exagerrating how bad it is. Like I said, it isn't as bad as BHO needs people to believe. If it was so bad he would be running away with this election. He isn't even leading in the tracking polls. If things were so bad and Bush was so terrible, then he would have this election wrapped up by now.
Well there you have it... Maybe that's the difference between the Repubs and Dems.. I see it.. and continue to see it.. I can drive through brand new subdivisions and there will be at least 2 or 3 homes that are being foreclosed on... I live in Idaho the most Republican state in the union..
Idaho's foreclosure rate exploded in 2007, with the state recording a 151 percent increase in homes in various stages of foreclosure compared with a year ago, according to a nationwide survey released Tuesday.
The monthly RealtyTrac.com survey showed 6,032 foreclosure filings in Idaho last year, up from 2,508 in 2006. It also showed that Idaho was 20th in the nation in the percentage of homes in foreclosure, with about six of every 1,000 homes in the state somewhere in the foreclosure process at one time in 2007.
That was still below the national average. Nationally, RealtyTrac found 2.2 million foreclosure filings in 2007, compared with 1.3 million the previous year. One percent of all homes in the United States were in foreclosure at some time in 2007, up from 0.58 percent in 2006. Nevada, Florida, Michigan and California posted the highest foreclosure rates.
I have no sympathy for people who bought a house they couldn't afford or for people who overextended themsleves. I shed no tears for those people at all. People have control of their own lives and make their own decisions. People lose jobs all the time. That is always a possibility. People should have thought about that and took actions to prevent the situation they are in. Alot of people took our martgages that they know they should have never taken. Like I said, I have no sympathy for people like that. Sorry.
I agree but a lot of them didnt see it coming.. I know that when you work in a commission based job you should always sock money away for slow times... but how much can you put away and for how long can this sustain you?
Another friend of mine is a car salesman for Acura, he bought a new house, had consistently made over 100k a year for id say close to 10 years or so.. All of a sudden his income went from 100k/yr to 50k/yr with the way the economy is.. He thought at the time when he purchased his house that he could handle his payment which he was able to easily make for a few years.. Now that the economy is the way it is.. he is struggling and trying to sell his house which he has had no luck with... considering Bankruptcy.
Corporate welfare and tax breaks, you mean like the tax break that Exxon got in 2007 when they only paid 30 billion. Over the last three years, Exxon Mobil has paid an average of $27 billion annually in taxes. That's $27,000,000,000 per year, a number so large it's hard to comprehend. Here's one way to put Exxon's taxes into perspective.
According to IRS data for 2004, the most recent year available:
Total number of tax returns: 130 million
Number of Tax Returns for the Bottom 50%: 65 million
Adjusted Gross Income for the Bottom 50%: $922 billion
Total Income Tax Paid by the Bottom 50%: $27.4 billion
Conclusion: In other words, just one corporation (Exxon Mobil) pays as much in taxes ($27 billion) annually as the entire bottom 50% of individual taxpayers, which is 65,000,000 people! Further, the tax rate for the bottom 50% is only 3% of adjusted gross income ($27.4 billion / $922 billion), and the tax rate for Exxon was 41% in 2006 ($67.4 billion in taxable income, $27.9 billion in taxes).
That’s quite a break.
Like I said, people lose thier jobs all the time. That should always be in the back of someones mind. especially a car dealer. People overextended themselves, it's as simple as that. Once again you will get no sympathy from me. Live within your means not beyond them. Don't try to keep up with the Jones's.
Oh here it is..
NEW YORK (CNNMoney.com) -- Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter.
That profit works out to $1,485.55 a second.
That barely beat the previous corporate record of $11.66 billion, also set by Exxon in the fourth quarter of 2007.
"The fundamentals of our business remain strong," Henry Hubble, Exxon's vice president of investor relations, said on a conference call. "We continue to capture the benefit of strong industry conditions."
So Who is hurting More? BIG OIL or THE AMERICAN PEOPLE? Where do your allegiances lie?
NEW YORK (CNNMoney.com) -- Exxon Mobil once again reported the largest quarterly profit in U.S. history Thursday, posting net income of $11.68 billion on revenue of $138 billion in the second quarter.
That profit works out to $1,485.55 a second.
That barely beat the previous corporate record of $11.66 billion, also set by Exxon in the fourth quarter of 2007.
"The fundamentals of our business remain strong," Henry Hubble, Exxon's vice president of investor relations, said on a conference call. "We continue to capture the benefit of strong industry conditions."
So Who is hurting More? BIG OIL or THE AMERICAN PEOPLE? Where do your allegiances lie?
Boy that really pisses of the Lib’s. How dare a company be profitable. Tell that to their millions of share holders. Lets just force them to shut down because if we can’t get more of their profits well than damn it, no one gets anything. If we can’t have some of yours then you can’t have any. Jealousy personified.
Has it ever occured to you that they are profitable at the expense of Americans? That they are profitable from GOUGING consumers and ruining the environment? I say Tax the hell out of em.. as far as that goes their VP of investor Relations doesnt seem to mind.. so why should you? They need to pay their fair share. They have the RECORD for PROFIT, so why shouldnt they be paying RECORD taxes as well? When you are the most profitable business in the history of mankind of course you are gonna pay the most taxes in the history of mankind as well..
"The fundamentals of our business remain strong," Henry Hubble, Exxon's vice president of investor relations, said on a conference call. "We continue to capture the benefit of strong industry conditions."
in the 2 minutes it took me to write this post wow they just made - $178,266 PROFIT.
im not jealous at all.. good for them.. Hope they make huge profits, but it doesnt change the fact that they need to pay their fair share.. When is enough money enough money, when you are making these profits at the expense of the American people? I look at taxes for Big Oil as a way to give back to society because they take so much... : )
