Pardon My Politics

In this day and age of exit polls and data analysis it seems only fair to point out an ongoing struggle the Obama campaign has yet to overcome; so many Americans are leery of his inexperience as a United States Senator. Many will recall not too long ago, Senator Obama was merely a state representative in Illinois. He was propelled to his current office after serving many years in his home state. Like most freshman senators, Obama quickly began learning the ups and downs of national politics. He began shaking hands with prominent political leaders while memorizing the names of top lobbyists. Of course, anyone who keeps up with national level politics realizes if an individual serves in Washington for more than a week he or she will be introduced to lobbyist sharks really soon. After all it's all part of the game.

The primary Primary news story being reported was the bitter battle between Hillary Clinton and Barack Obama, but the real story behind the story was not who defeated whom in the Democratic primary, but that both Clinton and Obama decisively beat John McCain. Not only were the wins remarkable, but the margin of victory was nothing short of staggering. In every state, the ratio was at least two to one; in some states, it was even more lopsided, by as much as four to one. In fact, both Hillary and Barack alone racked up twice as many votes as all of the Republican candidates combined. In every state, McCain came in a far distant third, behind the Democrats, barely making a blip on the political radar. Had it been the general election, the word "landslide" would be inadequate to describe the extent of the drubbing that the Republicans received.

This applies to you, my real estate investing friend! And even if you're not normally interested in politics, it's urgent (to protect your own financial interests) that you take 60 seconds and read this article, because it will affect you profoundly. "Capital gains taxes" are the taxes that you pay whenever you sell your real estate investment properties. Right now the capital gains tax rate is 15%. Obama has stated (and reaffirmed in a debate with Hillary Clinton a few days ago) that he wants to raise the rate to 28%.

Democratic strategist and superdelegate Donna Brazile plans a late night rendezvous with Stephen Colbert to prove she is black.

Blood money stains the hands of more than 25% of members of the U.S. House and Senate Who profits from the Iraq war? More than a quarter of senators and congressmen have invested at least $196 million of their own money in companies doing business with the Department of Defense (DoD) that profit from the death and destruction in Iraq. According to the latest reports, 151 members of Congress invested close to a quarter-billion in companies that received defense contracts of at least $5 million in 2006. These companies got more than $275.6 billion from the government in 2006, or $755 million per day, according to FedSpending.org, a website of the watchdog group OMBWatch.