View Full Version : Obam-uh: Did he say low interest mortages are the equiv of tax cuts?
beej1863
March 24th, 2009, 9:04 pm
did he just say that at 8:03 EST?
zantax
March 24th, 2009, 9:05 pm
Yep
roger teekell
March 24th, 2009, 9:06 pm
So when our energy bill goes through the roof when Obama implements "Cap & Trade" that will be equivilent to a tax increase...
beej1863
March 24th, 2009, 9:17 pm
amazing. Some Obam-uh will say a decrease in the price of bread is a taxcut and gift from the government.
LJB1031
March 24th, 2009, 9:32 pm
It may not be a tax cut per se, but does put more money in your pocket. Just like higher prices take it out. Same net effect.
Tim Mc
March 24th, 2009, 9:33 pm
did he just say that at 8:03 EST?
Just a slip up. What he meant was that after the Federal Government seizes banks and controls your mortgage, interest rates can be used as a tax. Currently, rates are too low so it's like a tax break. If you didn't sign the Obama pledge, your fixed rate may become adjustable.
Yes, I am kidding.
beej1863
March 24th, 2009, 10:03 pm
It may not be a tax cut per se, but does put more money in your pocket. Just like higher prices take it out. Same net effect.
If you were mugged and beatup and thrown across the street. it is *NOT* the same net effect of losing money and having to pay for your medical bills.