Ferrari Mailing List: Re: [No Ferrari] "Economics" un founded rumor departmentalert.

(continued)

It must be true. The Filthadelphia Democrats are joining Atlanta and Phoenix 

trying to grab a fistful of $$ Billions$ to bail their liberal cespool 

cities out their own created financial messes too.

Rich

Mayors of Philadelphia, Phoenix seek bailout share

WASHINGTON (AP) - Three big city mayors asked the federal government Friday 

to use a portion of the $700 billion financial bailout to assist struggling 

cities.

The mayors sought help with their pension costs, infrastructure investment 

and cash-flow problems stemming from the global financial crisis.

The mayors-Michael Nutter of Philadelphia, Shirley Franklin of Atlanta and 

Phil Gordon of Phoenix-made their request in a letter to Treasury Secretary 

Henry Paulson.

http://www.breitbart.com/article.php?id=D94EQHOG0&show_article=1

----- Original Message ----- 

From: "philville dejazzd.com" <philville [at] dejazzd.com>

To: "Rich" <rich355 [at] comcast.net>
Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
Sent: Friday, November 14, 2008 3:50 PM

Subject: [Ferrari] [No Ferrari] "Economics" un founded rumor 

departmentalert.

  This is with no knowledge of accuracy or basis of fact, but I heard
  this morning ( from an intelligent source) tha H. Paulson has ram
  rodded through a law or bill that allows any financial entity who
  purchases or has purchased a failing financial entity to use the
  losses of that failing entity as a tax benefit.

  It seems to me that some one is being screwed out of some thin here,
  but I am not sure who....I am fairly certain that it is not Paulson

  The way I see it is that if you generate horrendous liabilities which
  you can not service so you sell your self to me at a discount price
  because of these liabilities which never get paid because they are
  alredy "losses" and then the Fed. allows me to write off the losses
  for which I have not paid....sounds good to me ....don't we have the
  collective brain power to turn this into some form of business
  venture  hmmmm is Milken on our mailing??
  ----- Original Message -----
  From: Michael James <cavallino_rapante [at] yahoo.com>
  Date: Thursday, November 13, 2008 8:28 pm
  Subject: Re: [Ferrari] "Economics"
  To: Phil Tegtmeier <philville [at] dejazzd.com>
  Cc: The FerrariList <ferrari [at] ferrarilist.com>
  >
  >
  > Hey, Hey!  I'm a centrist at worst - I've seen both sides of
  > this political fence, and trust me there are way too many purple-
  > haired liberals up here in MA to shove the likes of me within
  > arm's length of Limbaugh himself.  I'm just not 'buying' into
  > the sky-is-falling on the high-wage-earner crowd.
  >
  > The sky is falling on EVERYONE regardless of social class.  If a
  > rising tide floats all boats, a lowering tide will sink all of
  > them, too.  This isn't a time for our weathiest Americans to
  > think they're being 'picked-on'....to me, that's just plain
  > silly.  Who amongst us is weeping for the disappearing middle
  > class?  Or am I to believe that they are unaffected by all
  > this?  Anyone on FList lose their house lately?  Or do they not
  > matter in Ric's economic model, since he may not be one of
  > them?  I'm very sorry if the salaried-employees of the world
  > (myself included) are not fit to sit at his table.  Last time I
  > checked, I've paid into the system FAR more than I've ever
  > gotten out of it, if anything.  Ric wants to rant and rave about
  > 'social welfare programs' all he wants to, he's dancing around
  > what its really called:  Social Security.  That ticking time
  > bomb created because all americans are living longer than the
  > benefit was anticipated to
  >  cover.  That is not a Marxist conspiracy.  Thanks to the
  > advances of healthcare, proper diet, exercise, and all that,
  > people are living well into their 90s, and continuing to draw
  > that social benefit - which is only going to get larger and
  > larger and larger (he's right about all that).  He's also right
  > that its one of the Govt.'s largest financial expenditures.  But
  > he's wrong to point a finger at ME about it.  I'm not a Baby
  > Boomer, remember?  I don't draw a Social Security check.  Never
  > have, and probably never will.  My grandmother does,
  > though....she's 86.  My great-grandmother does, she's 103 - yes,
  > One Hundred Three.  Blame them for your higher taxes, if you
  > must - their only crime is they haven't died yet.  I'll let them
  > all know Ric is cheering for their early demise.
  >
  > That social program that Ric is going ballistic over isn't a
  > 'class' issue - wanna cut Social Security?  Medicare/Medicade?
  > Go NUTS!  Be my guest, I'm pretty sure it won't be around when
  > I'm old enough to use it anyway.  Feel free to eliminate Social
  > Security.  Seriously.  I guarantee you that will eliminate a
  > serious financial crisis our nation faces.  Consequences be
  > damned.  Lets figure-out how to get rid of all these 'old
  > people' first, though.  Make sure everyone 'expires' on the
  > morning of their 68th birthday - past that, and they're dipping
  > into the SS money-trough deeper than what they originally put
  > into the SS system.
  >
  > I don't think its unreasonable to understand that our Govt. has
  > been spending a ton of money on things that it can no longer
  > afford.  I'm fairly pragmatic about this.  I am employed by a
  > Defense Contractor, I know where my bread is buttered, but we as
  > a company have lost money so Uncle Sam could divert more and
  > more funds to support the war effort.  I'm up here in MA
  > building Warships for the US Navy, but we're running a skeleton
  > crew and barely able to keep the lights on.  How much extra have
  > all of you kicked-in to pay for the war you all supported so
  > much?  Yea, I thought so...lets all pack our bags and move to
  > Guatemala.  I don't understand this philosophy.  For the
  > past seven years, the USA has undertaken a great campaign
  > against Global Terrorism, and wrung-up a huge tab to provide for
  > our nation's security.  The Govt., as a result, has gotten
  > larger in-response to this threat.  This was seen, seven years
  > ago, as a necessity to
  >  chase and defend against Bin Ladin and his ilk.  We-the-
  > People were all on-board with this plan then...The bill for
  > all of this will be paid......when???
  >
  > Love to all,
  >
  > Michael
  >
  >
  >
  > --- On Wed, 11/12/08, Charles Perry <charles [at] carolina-
  > sound.com> wrote:
  >
  > From: Charles Perry <charles [at] carolina-sound.com>
  > Subject: RE: [Ferrari] "Economics"
  > To: cavallino_rapante [at] yahoo.com
  > Cc: "The FerrariList" <ferrari [at] ferrarilist.com>
  > Date: Wednesday, November 12, 2008, 6:37 PM
  >
  > Mike -
  >
  > When did you become such a flaming liberal? Do you need rescuing
  > from the
  > Northeast? We will help you!!
  >
  > Ric is dead on with all of this. It's not the Pickens or the
  > Buffetts that
  > are suffering from this incessant taxation - it's me! Last year,
  after
  > paying well into six figures in Federal taxes throughout the
  > year, I found out
  > in April that I owed another $4,000 in Federal taxes thanks to
  > the Alternative
  > Minimum Tax (AMT) - originally a "soak the rich" tax which is now
  > affecting millions of upper middle class families like mine.
  >
  > You know me - you've been to my house - you know my lifestyle. I
  > am not
  > wallowing in money, and $4k still means a helluva lot to me.
  > Yes, I own some
  > nice cars, but the youngest of which is 10 years old now - I'm
  > not in the
  > "pay an extra $100k for a 599 to be first in SC" club. For me to pay
  > that incremental $4k, my company has to make an extra $10k in
  > profit to pay that
  > to me. For that to happen, we have to sell another $40,000 in
  > goods and
  > services. Each of the four members of my family is in the same
  > position, so our
  > company has to sell another $160,000 in goods and services JUST
  > TO PAY THE AMT -
  > never mind the oppressive regular tax.
  >
  > There are millions of small businesses that don't gross $160k in
  > a year,
  > let alone make that just to "allow" their principles to pay AMT.
  > Furthermore, if we had that extra $40k in profit that we have to
  > use to use for
  > AMT to use for something else, I would hire someone to reduce my
  > 110 hour work
  > week and give me some time with my family. That would be me
  > CREATING A JOB -
  > just like the Dems always claim to want to do. But that job will
  > never exist
  > because of the AMT. And for every new tax that is heaped upon me
  > because I work
  > hard and am therefore "unspeakably wealthy," that is one LESS
  > job that
  > I will create and that much less my company can do to keep the
  > economy moving.
  >
  > Worse, my parents are paying thousands of dollars a month in
  > life insurance
  > premiums to provide a policy that will pay the Death Tax on the
  > value of this
  > business when they die, so that the government doesn't force my
  > brother and
  > I to sell the company that our family has worked decades to
  > build so that the
  > Dems can give half of it to some people who chose not to build
  > anything for
  > themselves.
  >
  > This is really, really, simple stuff and I KNOW you are this
  > smart. I, for one,
  > am definitely crying...
  >
  > -- charles
  >
  >
  >
  > -----Original Message-----
  > From: Michael James [mailto:cavallino_rapante [at] yahoo.com]
  > Sent: Wednesday, November 12, 2008 2:33 PM
  > To: Charles Perry
  > Cc: The FerrariList
  > Subject: Re: [Ferrari] Are Ferraris Losing Their Good Looks?
  >
  >
  > For me, its a waste of bandwidth to 'come to the aid' of folks who
  > don't seem to want or need defending.  Every time I read of T.Boon
  > Picken's exploits, he's made another $100 Million, he certainly
  > isn't looking for a shoulder to cry on
  >
  >
  >
  >
  > _________________________________________________________________
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  Philip "Phil" Tegtmeier
  39 Churchill Drive
  Elverson Pa 19520
  610.525.8949
  And, go to: ... www.PhilvilleUSA.com

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Re: [No Ferrari] "Economics" un founded rumor departmentalert.	<– Date –> <– Thread –>
From: Rich (Rich355comcast.net)
Date: Fri, 14 Nov 2008 12:57:15 -0800 (PST)