@hingehead,
Hingehead,
The answer will be different depending on why point of view you are using.
Let's start with this "point" you are talking about this. Let's put our friend Mr. Bob at this point with some highly accurate measuring equipment to see the objects. Sure he would observe one object going .75 the speed of light and and other object going .75 in the opposite direction.
He could, of course, do some simple math and say that they are going 1.5 the speed of light compared to each other.
The problem is that this simple math is meaningless in that the number 1.5 doesn't signify anything. (In fact most of us would say this calculation is wrong, although then we would need to define wrong).
If you were on one of the objects with the exact same equipment, you would accurately measure the second object (which Mr. Bob insists should be going at 1.5 the speed of light) traveling at a speed of less than the speed of light.
The point is that measuring speeds depends on the "frame of reference". Mr. Bob's simple calculations will get you over the speed of light.... but no one from any frame of reference will see the object going over the speed of light.