Obama: Refinancing is like a tax cut?

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Uploaded by on Mar 30, 2009

Barack Obama tells the nation that if they refinance their homes, it's like a tax cut. However, people don't send their house payments to the government, and reducing their interest rates will mean a smaller deduction -- and more taxes.

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News & Politics

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  • one of the best, and worst, teleprompt reader in history.

  • This is one of the few times that Obama has actually made me laugh. If politics doesn't work out for Obama, he can always go into stand-up work... assuming teleprompters are allowed. That would actually add to the humor.

  • Well fuck it the tax payers in the US will cover the baillout anyway.

  • They just closed a plant in my county and another plant laid off 400 workers! How is your giving billions to ACORN, Sea turtles in Hawaii, Mice in CA, Busses in Guam, Swine smell research etc. etc. going to creat new jobs????

  • You are a lying walking talking asshole! You are raising taxes EVERYWHERE in the U.S. and will more so with fuel and utilities! Remember that you said "Under my administration utilities and fuel would SKYROCKET"? Taxes are already going up everywhere to fund you campaign promises!

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