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

[jashburne (jashburne]

This is when it is appropriate to

JUST SAY NO!

 
Sent from my Verizon Wireless BlackBerry

-----Original Message-----
From: "Rich" <Rich355 [at] comcast.net>

Date: Fri, 14 Nov 2008 15:54:29 
To: <jashburne [at] aol.com>
Cc: The FerrariList<ferrari [at] ferrarilist.com>
Subject: Re: [Ferrari] [No Ferrari] "Economics" un founded rumor
        departmentalert.


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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>   http://lists.ferrarilist.com/mailman/options/ferrari/philville%40dejaz
>   zd.com
>   >
>   > Sponsored by BooyahMedia.com
>   > and F1 Headlines
>   > http://www.F1Headlines.com/
>   Philip "Phil" Tegtmeier
>   39 Churchill Drive
>   Elverson Pa 19520
>   610.525.8949
>   And, go to: ... www.PhilvilleUSA.com
>


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