With almost two months in office now, President Obama continues the path to abolish anything left in this country. His shady ways of Obama care will be here shortly and I can’t wait for Americans to start complaining. They have no idea how much this is going to cost them. My response will continue to be “told you so”. The ads from H & R block are starting to run on TV how they are going to help us all out with the details and how much it is going to cost us if we decide to opt out. Doesn’t this sound fun? If you’re not in the loop a health plan is required by everyone when the time comes. What I find even more amazing is that the people I continue to talk to think this is free health care. They are wrong! It’s the “Affordable Health Care Act”. “Affordable” unfortunately isn’t defined Keep Reading
There is an old saying that goes something like this. “If you always do the same thing over and over you will always get the same results.” That’s exactly what the politicians are doing about gun violence. What I am going to write will be a little bit extreme but the point I want to get across is that not one thing they have suggested doing is going to make us safer or cut down crime. In my opinion it will Keep Reading
With the newly re-elected President of the United State Barack Obama, we probably should start things off with another set of funny Obama pictures. Our last set of funny photos of Obama was a tremendous success so what is a few more funny ones right? Enjoy the complimentary photos of Obama. Keep Reading
The game is over and the masses have spoken. Barack Obama has been re-elected for a second term. At this time, it appears he will win the popular vote (barely) and the electoral vote which means another 4 years.
What will another 4 years bring us? Well I hope it was better than the last 4 years.
The Republicans will hold the House again. In short, more of the same except another 4 years. Congratulations.
In a recent article for the Emerald City Journal, we spoke how voting for Obama may negatively impact your job and/or future job salary opportunities (lower offers). We spoke about David Siegel the CEO of Westgate Resorts and the email he wrote to his employees (thousands of them). Today more CEO’s are stepping forward with the same warnings that your job maybe on the line if you support Obama. This time the email is from Saddle Creek President Cliff Otto. In the email he expresses many things but it comes down to Romney’s positions on energy and taxes align with the company better.
I do think it’s fair that employees know what is coming to them. Most voters just look at the benefits (hey! free health care everyone) yet don’t understand the consequences that their employer will need to make adjustments in the company to make the numbers work and that means the possibility of cutting staff. It’s a smooth move by Romney. He expressed it on a conference call with the National Federation of Independent Business. Unfortunately, I don’t think it has really hit the voters yet or they simply don’t realize that businesses can’t just write off Obama Care they have to balance their budgets. You can’t spend money you don’t have. Companies with 100 employees would need to come up with an extra 100K per year at least for the Obama Care program and that doesn’t just grow on the money tree in the backyard.
Another email from a car part manufacturer in Michigan (Lacks Enterprises) is expressing the same consequences. It basically says that if you don’t for Romney, it could result in higher taxes and lower pay. He earges his employees to for “less government”.
Lastly, you probably have heard of Steve Wynn (Wynn Resorts). They are the third largest casino operator in America. Mr. Wynn went a step further and mailed a 60+ page packet to his 12,000 employees. Steve Wynn has stated, “It would be a complete disaster if Obama wins, which is why I’m urging my employees to vote for Romney.” It will cost Steve Wynn millions of dollars per year if Obama is elected.
Unlike David Siegel the CEO of Westgate Resorts who doesn’t come out and say it (don’t vote for Obama) more and more companies are getting stronger in their statements and making it quite clear that your vote for Obama may put your job on the line.
With Obama Care running wild in the next few years there will be a common trend… letting people go. As a business owner, I understand how it works. However, as an employee, you may not. At his point, I will only hire independant contractors. That will take care of me. However, companies with a larger staff will need to make serious cuts to make it work. That means if you’re currently employeed, your job is in jeopordy. Making it work for new hires shouldn’t be a problem though. They will just get offered less when they start the job. It’s simple math. A job that normally starts at 50K will be offered at 38K now to cover the extra Obama Care expenses. Of course less jobs will be available because company’s will have to pay more. Since there are a lot of desperate people looking right now, they will take the “offer”. Companies will simply offer you less (when starting the job) to absorb the extra costs involved of the Obama Care program. If you got dental or health insurance now with your company, you already are getting this cut from your paycheck or were offered less when you started to cover those costs. You didn’t really think you were getting eye/dental coverage for free did you? It was calculated into offer before you even applied for the job.
I recently read an article about David Siegel the CEO of Westgate Resorts. Mr. Siegel has a staff of 7,000 in Florida (battleground state). He is very unhappy with Obama and sent out an email to everyone working for him basically saying that the economy isn’t a threat to you job but another 4 years of the same President puts your job at risk. He continues to say that if any new taxes are levied on him he’ll be force to cut the size of his company. He doesn’t mention Romneys name in the 1,400 word email and also says you certainly have the right to vote for whomever you choose. However, it makes it quite clear employees will be cut if Obama is re-elected.
I admit I respect David Siegel for coming straight out with it. SO many employees working right now will not get the luxury of that pre-notice email about their job.
Last night was the first round of the debates for the presidential campaign. I certainly was expecting a debate, however, it feel short. It was 90 minutes of Romney laying the smack down on Obama. It appeared at times Obama was being scolded by Romney like a child who did something wrong. The only real debate and I use “debate” lightly was in regards to the topic of ObamaCare. The President stood proud to have created such a program and seemed confident to talk about it. During the debate Romney mentioned laying off Sesame Street and big bird. The producers of Sesame Street were not happy about losing that funding provided by the Government should Romney be elected. The statement released by Sesame Street sounded like Romney was firing them. In realty, Sesame Street has had a free ride for 43 years now and they just need to add commercials to the program. Currently the show doesn’t have any sponsors or commercials. I know the show is valuable but does it deserve to be founded by the Government. Paying all their staff and CEO’s? Non profits do make money and a lot of it… look at the Salvation Army or the Goodwill.
For this article I was curious just how much Sesame Street makes per year so I looked it up. On their 2011 IRS form they pulled in 8 million dollars from Government grants. I would say that is fair amount to work it out on there own right? Well here is the kicker… they made an additional $45 million on product royalties! Things like toys and Tickle Me Elmo’s for example. Oh it doesn’t end there. They have content and syndication deals also. When it’s all said and done in 2011 Sesame Street pulled in $112 million dollars in revenue (not including the 8 million in Government support). Big Bird is part of the 1%! Why is Big Bird on Welfare then? This show can support itself. There has to be a better way to make that “poor” program work and I’m sure they will figure it out. It’s just a good example of things that are not going to make everyone happy. It was sad to hear that news from Romney he may cut them, however, looking at the money now and what the show is bringing in – they don’t need us paying for their show. If you cut things some people will get mad and that is why most politicians don’t cut at all. They want to save their office and don’t want the negative response by the few mad people. Unlike Obama who is “helping” everyone with the handouts and not putting his neck on the line with any program cuts or decisions. His goal has been fluffing up the job numbers (which he still failed at) and made 47% of the public loving the free handouts of the Government. It’s pathetic.
None the less, it was a good showing for Romney. I expect Obama to come with more heat next round, however, he better be ready with the answers to his failed numbers the last 4 years. It’s going to be a tough road debating the negative numbers during his presidential history. He can’t really say what he would do better this time because on every topic he has failed at it… plus why didn’t he implement this new approach the last 4 years. The numbers of the last 4 years don’t lie. The spending has never been worse. Jobs are in the gutter and worse than when he started. ObamaCare isn’t free like most of the public thinks and Mitt has already done it …. better. We have a cyberwar with Iran and soon a real one. Syria is falling apart. North Korea hates us and we are running private operations there the administration doesn’t want to call a war yet. China and Russia sure don’t support us. National deficit is maxed more than Bush spent for the wars. Can’t blame it on Bush because Obama raised it more in 4 years than Bush did in 8 years. Obama on energy was a disaster and total loss of billions. We are sending billions to countries who don’t appreciate it. Our embassies are under terrorist attacks all over including Libya. Could it get any worse with Romney even with little to no experience on foreign policy – it would appear he has a better shot at it from this point. There really isn’t a topic that Obama hasn’t failed at. You simply can’t debate with a failed record. He can say what he want to do and what people want to hear but in reality he’s had 4 years and hasn’t implemented those things. You just have to sit there and take it like a man just like Obama did last night.
The only thing Obama has working for him is his history of supporting and financially helping everyone for free. The handouts to the public who will continue to support him until the end. Can’t blame them really that would be a nice life and I wouldn’t want it to end. It’s not their money so who cares right. Obama has the African and Latino votes which is huge. However, history has proven Republicans have done more for blacks than the democrats have ever done. The civil rights movement was started by Republicans and wasn’t even backed by democrats! Look that up if you don’t believe me. Obama has supported the illegals so of course they will continue with the support for him. Obama’s brand is strong. He is a family man which I believe is true and that really hasn’t been displayed to the public for Romney. American’s eat that up and feel better about someone who has that brand in place.
Next debate is Paul Ryan vs Joe Biden for Vice President. I predict Ryan will mop the floor with him. Ryan is an AMAZING talker and knows his numbers and facts well. His banter and wittiness will be sharper than Biden. I suspect Joe Biden will do better than Obama because they will be more prepared due to how the Romney/Obama debate concluded.
The time has finally come where we get to see the Romney vs Obama debate. It will be interesting for sure to see who will be the leader. We all know Obama is a good talker and this debate may just win him the election if done right. There are many problems he is going to have to have a response to such as both the low jobs and economy numbers. I suspect his answer will be the typical point the finger to Bush and blaming the Republicans for holding up his proposals on the table. As of right now, I don’t believe Romney is a very good talker so we’ll have to see how that works for him.
History has told us many elections are won or lost during the debates. This election comes down to giving Obama another chance or letting someone new in there to see what he can do. It’s a matter of how many people believe the excuses President Obama gives regarding his past and like I said he is a great talker. You see Obama on talk shows like the view for example because they know talking good is one of his greatest assets. Then as Romney mentioned in secret, that 47% of Americans are being supported by the Government so they are of course going to support Obama until the end. Why would they change anything and vote for Romney? No way they would. Many people were easily convinced with the hopes and changes he was preaching 4 years ago and many are still on-board with the President. It’s sort of like it doesn’t matter what he says – just how he says it (which is amazing). I expect to see Romney start to say and support the things Obama supports to try to pull some additional votes. We’ve seen this already with him supporting President Obama’s immigration policy. More than 60% of voters supported Obama last time in 2008. He will be making more and more promising trying to convince the Obama supporters to change their minds and try a new path.
If you’re watching the Romney vs Obama debate tonight you can find it on pretty much every tv channel at 6pm PST.
Over 50 million are expected to be watching the debate tonight.
Lets get it on!
With our historically low mortgage rates, President Obama is pushing the Republicans again about a piece of legislation he proposed back in February. The Obama Administration believes it would help many of the struggling homeowners and families trying to keep their homes, pay their debt, and prevent many foreclosures.
President Obama mentioned today on his weekly radio/Internet address that “Here we are – seven months later – still waiting on Congress to act”. It’s the typical response from Obama and same whether we are talking about jobs or mortgages.
Republicans won’t agree to the proposal because of its $5 to $10 billion cost. Like many things sitting in Congress from Obama they come at a high cost. Just like this proposed refinance offer or the many construction bills on the table to inflate the jobs numbers spending money on special road projects that are not “must” have work.
The idea of refinancing your home fails in many ways. Honestly, it was a failure before it even started. The biggest problem is that it’s governed by your bank. The bank evaluates if you even qualify for a refinance. You need a job and steady income proven with years of IRS documents. In short, you have a be a long term paying citizen to even quality. If you break even at the end of the year when it comes to taxes or owe anything you wouldn’t “qualify” for refinancing. On paper you wouldn’t be making any money to pay the bills. However, if you’re really good citizen and make 100K a year (paying 35% to taxes) and keeping the rest – you would qualify for home refinancing. If you get my point to be eligible by the bank you’re IRS documents must state you’re paying them and doing your civic duty. Breaking even or paying the IRS isn’t going to allow you to refinance your mortgage rate.
The other problem and I am sure President Obama knows this (many homeowners don’t) is that Washington state like many states is a non recourse state. If you ever just give up on your home and walk way in Washington State, the bank will foreclose on you (ruin your credit) and that will be it. There will be no legal repercussions. The bank won’t come after you for the remaining balance after auction should they lose money overall on your loan. In some states they can sue you for the rest of the loan. HOWEVER, take note that non-recourse doesn’t apply when you refinance. Non recourse also doesn’t apply to equity loans should you have one. So trying to do the right thing may in fact make your financial issue even worse and that is why I would never support this refinance plan by Obama. Many innocent people will get trapped into a bigger mess trying to do the “right thing” to make it work. If you refinance and walk away the bank can come after you later once they low-ball it at an auction to some investor.
I have said it before that homes are not investments they are liabilities. Buying something 4 times it’s worth will never work out. The numbers simply don’t work out anymore. Don’t get to attached and I’m a strong advocate of walking away if you must. Banks got their bailout and already been paid for your home so know when to cut your losses on your home if you must.
By passing this Obama refinance plan, it forces people to try to make it work and not walk away from a really bad idea (home). It puts you even more at the mercy of the bank and I assure you they don’t give a rats ass about you or your family.
The First Lady, Michelle Obama, will be in Seattle on Oct 2nd 2012. Obviously an event to raise money and convience the public that hope and change is on the way anytime now. The event will take place at the Westin Hotel and prices to get inside range from $500 – $10,000. If you’d like a pretty photo with the First Lady, Michelle Obama, it’s going to set you back $5,000. This is a fundraising event to re-elect the the President and her husband Barak Obama. Just like the Democratic convention that was on TV you can expect her to say how great of a man he is and a loving husband. It’s the same song and dance and part of their re-election gameplan. This family man with the perfect family pulling the strings of the nation to re-elect him in November. It’s actually not a bad plan in my opinion. Americans love all this perfect husband and family talk. They just eat it up. Considering that all the real data that matters like the economy, jobs, education, taxes, obamacare, national debt, etc is in the worst shape of this nations history after 4 years – might as well play the family man card.
I’m looking forward to the debates coming up shortly. One thing about Obama is that he is a great speaker. The man can speak and convince a nation on any topic even if it’s doing horribly bad (like the economy). Mitt Romney doesn’t have that “family loving great husband” brand that Obama has going for him. Michelle Obama and Barak Obama really know how to leverage that. Thus, the reason they are split up and running around town saying great things about each other. Paul Ryan on the other hand is going to mop the floor with Biden. Paul Ryan is witty and fast to throw it back at you.