Tuesday, June 23, 2009
How Obama Can Make You Rich In a Recession!
Forgetting everything else that is going on with our geopolitical puppet show, one may find a thread of silver lining in Mr Obama. In troubles times, people become more concerned with money and jobs. Everybody wishes they had a little bit more or that things were a little bit easier.
Often times, the conversations roll around to winning the lottery, finding out your secretly the last remaining heir to Bill Gates, or inventing something everybody on the planet needs. Essentially, people seem to want to be rich.
You can thank your president. Obama's Hope for you to be rich and his ever Changing stance has made many Americans rich overnight! Most don't read between the lines so they don't even know that they are rich yet!
The greedy and evil republicans classified the rich as people that made more than $1Million per year. Obama, being more of an ACORN lackey than a "rich white guy" decided that was too high. The bar needed to be lowered because there are a LOT of Americans out there that make less than $1Million dollars. He promised to only tax the rich, so he redefined rich in order to keep that promise?
When "rich" was redefined to $280k, most Americans decided that was fine, "we don't make that much" or "everybody that makes more than me should PAY UP!" This is human nature and not a surprise. However, some people looked past that and wondered how this would effect small businesses that employ people. Would this place a burden on a small company that caused them to have to scale back employees?
However, this was soon redefined to $250k. It seems that the extra $30k wasn't enough. Obama so needed the additional tax base, that he would turn around and change his stance only days later. Sadly, most people still accepted this and figured it was "still OK" since it didn't touch them. They didn't see the direction the freight train was headed.
Currently, we're looking at an income of $100,000 being considered rich. This instantly turns the suburbs into Beverly Hills. Although $100,000 seems rich to the average ACORN volunteer, it happens to be where the "Jones's" live. It's the salary range that sells new homes, boats and BMW's, anything that credit will finance. $100,000 is now rich according to Obama. This is not the end unfortunately, this is just the biggest cloud of smoke yet to billow from our burning house of a government.
Ponder this: Obama and ACORN seem to be responsible for defining what "Rich" is. The number, another moving target, can almost be identified with a mathematical equation. The numbers we've seen so far (ex: 280k, 250, $100k) are little more than desensitization before the actual "Rich" are unveiled.
When you do this math, you will realize, that you are probably rich beyond your wildest dreams already!
Rich = (((MinWage * 20hr) * 4wk) * 12mo) + 1
So, consider $6.55 for a 20 hour week, every week, for an entire year. If you're only working 20 hours, you probably work all year cause you get a vacation every week anyway. That number works out to: $6,288yr. my "+ 1" may be a little bit of dramatization. More likely it would be changed to "x3 or x5) as the current definition of "Rich", according to Obama, is that formula with x16 instead of " +1 or "a dollar more than everybody else expects to make".
So, to recap.
Rich According to Greedy White Men:
MinWage * AnnualWork * 160 ($1,000,000)
Rich according to Obama:
Originally
MinWage * AnnualWork * 45 ($280,000)
Then
MinWage * AnnualWork * 40 ($250,000)
Now
MinWage * AnnualWork * 16 ($100,000)
In order to better visualize this trend, picture the multiplier as a group of people. The base formula (MinWage * AnnualWork) identifies what any one person in American should be making under the Obama ACORN structure. The multiplier identifies how many of these Obama/ACORN Americans it takes to make the salary of the rich.
In short, if you make more than $6,288 per year, you will be considered rich by the time Obama and ACORN come out of the closet on this.
The Mortgage Crisis
The mortgage crisis could not have been an accident. The people that "approved" the mortgages KNEW that:
- Were going to have prohibitive payments in 12 to 24 months
- Were going to be on property worth far less than what they sold for within 12 to 24 months
- Would be forclosed on because they couldn't sell for the amount of the mortgage
Bankers blame it on homeowners making bad decisions or not having foresight. However, those bankers get very uncomfortable when you point out that these mortgage were all approved by bankers that get PAID to know the market and it's trends.
When you point out that regular people like you and I saw this coming back in 2004/2005, they start to tap their fingers and look around nervously.
The short answer is that they set us up and we don't know "why".
Mortgages traditionally require people prove they can make the payments even when the market is not headed down. The banks knew exactly what they were doing...
The Media On It's Knees
Why is it that the mainstream media is clamoring on their knees in front of Obama as if their unwarranted affection will somehow lower his zipper and give them what they so desperately seem to want?