Obama Devastates the GOP Argument for Extending the Bush Tax Cuts forthe Rich
Obama debunked several false Republican talking points about his record on taxes. The president said, “Since I’ve been in office we’ve cut taxes for typical middle class family by 3,600 dollars. I wanted to repeat that because sometimes there’s misinformation out there and folks get confused about it.” The president also stated that he has cut taxes for the middle class in every year that he has been in office, and that we have tried the Republican trickle down method for over a decade and all it has gotten us is more income inequality and larger deficits.
The president also took away the Republican claim that not cutting taxes for the wealthiest Americans would hurt small business. Obama said, “We know what those who are opposed will say, we can’t tax job creators and they’ll say this is bad for small business. I’ve cut taxes for small business owners 18 times since I’ve been in office. I’ve also asked congress to pass new tax cuts for entrepreneurs who hire new workers. The proposals I’m making today would extend these tax cuts for 97% of small businesses. 97 percent fall under the $250,000 threshold.”
The president also called for extending the tax cuts to 98% of the American people, “Extend tax cuts for 98 percent of Americans who make less than $250,000 for another year. If Congress doesn’t do this, could see taxes up by $2,200 dollars. That would be a big blow to working families and a drag on the economy.”
Obama completely took the Republican argument away from them by stating the nation simply can’t afford to give tax cuts to the wealthy. He said that the tax cuts don’t help the economy, and they add to the deficit.
The president’s point that the tax cuts for the wealthy don’t create growth or help the economy flies in the face of the conservative fairy tale that tax cuts don’t add to the deficit, and they promote growth.
When it comes to tax cuts for the rich, Republicans are like Linus waiting for the Great Pumpkin on Halloween. They keep telling us that if we just keep believing and cutting taxes for the rich, prosperity will come to us all, but it never does.
You can expect Republicans to keep selling us the trickle down down Great Pumpkin myth, but Obama’s remarks were nothing less than a masterful destruction of every Republican argument for more tax cuts for the wealthy.
The White House would love to have this fight all summer. The Bush tax cut debate gives them a chance to use a very popular position against both congressional Republicans and Mitt Romney.
Obama made it clear that he has every intention of killing the tax cuts for the wealthy. Republicans have no hostages this time, popular opinion is strongly with the president, and Obama has told Congress to either send him a tax cut for the 98%, or prepare for a long and bloody summer.
Your move, Republicans.
http://www.politicususa.com/obama-devastes-republican-argument-extending-bush-tax-cuts-rich.html
Really? You honestly believe that pile of crap?! I can show 2 that will affect you and I am simply assuming that you are married and have children.
Quoting im23vaughn:
Quoting motherslove82:So you make over $250,000 a year, because the repeal of the bush tax cuts only effects those making over $250,000 a year.
Developing an informed opinion requires looking at an issue from multiple angles and considering different possibilities. It also requires the openess to new information and ideas. It's what us intellectual liberal types like to call "reason" and "logic". You should give it a try.
I on the other hand, have considered that I am wrong, and devote time to learning both sides of an issue. I enjoy NPR and MSNBC, but I go out of my way to listen to at least some conservative talk radio every day - mark levine, "el rushbo", hannity, laura ingram, "savage nation", etc, Or watch some fox "news entertainment" and part of my job as media spokesperson for my organization is to do interviews with conservative talk stations. I am intimately familiar with conservative ideology and I HAVE considered it, and you are just dead wrong.
History proves that conservatism is a flawed ideology that has failed the american people time and time again. progressivism works.
Quoting asfriend:
Not for a moment
Quoting LBAY:
Ironically I would say the same to you.
You are the one ignoring the facts that dont align with your misinformed world view. That is the definition of ignorant. Ever consider that you are the one who is wrong?
Quoting asfriend:
I am a little frustrated, because although you don't seem stupid, you are very ignorant of truths outside of your very narrow viewpoint.
It doesn't have to be that way, knowledge is available, common sense is attainable, but you are too invested in a failed ideology to look.
Quoting LBAY:Oh, give it up! So I misread her comment. And when I saw your response, I mistakenly thought you were referring to a post I made ealier where I used the common expression, " you don't bring a knife to a gun fight." Sometimes mistakes DO happen when you are a human being............Oh, that's RIGHT! Only conservatives are allowed to make mistakes!!!!!
My dear, you have "excepted the fact that you are difficult to have a conversation with" becuase I don't agree with you, and challenge your misinformed arguments using facts, figures, statistics, and other information from verifiable sources--and in most posts even include links for you to verify the information yourself. Yesterday, I even included links from the conservative Wall Street Journal editorial page, and Fox news--so you can't claim my sources are "biased" against conservatives.
Your problem is that you don't have the knowledge or education to refute these valid arguments and respond intelligently-- and that frustrates the crap out of you. Furthermore, it's not jiving with the talking points you've been fed from Fox News and right wing talk radio, without which, you don't know what to say. So instead, you attempt to play off my valid comments provided with supporting evidence as "incoherent rambling" and insult my intelligence. Even then, I don't back down and roll over, the way you're used to Democrats doing. It must be extremely frustrating for you...I can see why!
You insulting my intelligence is a joke that literally made me laugh out loud!
Quoting asfriend:I have excepted the fact that you are difficult to have a conversation with, because you are truly not bright.
I mentioned "firing" as in ending someones employment and you say - "who is doing the gun firing and when".
The rest of your post is simply incoherent rambling.
Quoting LBAY:
Oh, just like a conservative! You support the nra, laws like stand your ground and are convinced president obama is trying to take away your precious right to buy guns. when students are killed in a campus shooting your solution is that more, not less, people should carry concealed weapons.
You have nothing to say when tea baggers show up to a presidential speech with a gun on their hip or when sharon angle says we need to rely on "second amendment remedies." in fact you claim democrats are being overly sensitive, when we take issue with these very real threats and concerns.
But when I, a liberal mother on cafe mom, uses a common saying that happens to use the word "gun", suddenly I am threatening violence.
Thanks for proving my point.
Quoting asfriend:
What gun? Why are you threatening violence?
Quoting LBAY:
Can you explain what you mean by this statement? Along with who is doing the gun firing and when?
Quoting asfriend:
I have never said that Repub's don't go off the rails, the diff is that we at least try to fire our guys when they do that, I don't see that from the other side.
Maybe I am wrong, I would luv to be shown that each side is working toward that.
Quoting shimamab:
Okay, start there. Just don't stop there. It's not party specific is what I'm saying.
Quoting asfriend:
Tell me how we can't start with the current administration -
The tie between Jeffrey Imelt being on the administration's economic team and his company, GE earing millions and paying no taxes.
How can we not talk about the millions given to green companies like Solandrya(sp) who we knew were destined for bankruptcies?
No bogeyman - real, serious, starting point, real time, how can we not start there?
Quoting shimamab:
So you need ONE fall guy rather than accept that it's systemic and needs to be addressed on a macro level? You seem to have your boogeyman already so I guess this is where, once again, our common ground ends :)
Quoting asfriend:
When we refuse to identify the problem, we decide to leave it unsolved.
Quoting shimamab:
They all suck when it comes to that. Pork, lame local projects that benefit like 4 people, paying $60 for a hammer, etc. It's been the status quo for decades sadly. I know you want O and the dems to wear that crown...but I say that custody of it should be pretty evenly split :)
Quoting asfriend:
A fair opinion, now can we agree on who is the absolute king of corporate welfare and crony capitaslism?
That would need to be the next step.
Quoting shimamab:
There's an economic balance point that varies by country and situation that basically says taxing too much slows growth because people lose income and quit spending while taxing too little leaves the govt programs that need tax dollars in peril. So it can go too far in either direction. Considering how low taxes have been without making an improvement in revenue/growth, I think we're prob close to the low end tipping point. Businesses will hire when demand increases. For demand to increase, people need jobs and income to spend on goods. Increasing taxes on mid to low incomes will further depress the economy. Raising them on high incomes will only help if that money is in turn put into something that makes some damn sense, not more corporate welfare and crony capitalism. All my ever humble opinion...as always :)
Quoting rccmom:
Okay, for those that say raising the tax rate back to what it was before Bush will hurt the economy, why did we tank our economy in the first place? That tax cut for the rich was in effect when the Recession hit. It did not keep the recession away. We lost jobs during that tax cut, and interestingly enough, had to borrow in order to maintain the budget that had been passed.
I am really curious. I'm not an economist, but nothing I see in history proves that lower taxes increases the amount of jobs and the tax rate. In the past we have had even higher taxes, but still created jobs.I guess if we were in a closed economic system, it might prove true as the rich would have no choice but to create jobs here, and spend their money here, but the system is not closed. Obama does want to give tax breaks to companies that want to in-source though, and maybe that is what we need to do.
Recessions are a natural response to the market to reset. In the early days of this country, they called them panics. The government did not try to engineer it, they let the market do what it needed to do and the panics ended. So yes, they do "magically" happen.
Quoting matreshka:Recessions happen when the economy cannot sustain itself, usually kick-started by bluders by big business and wall-streeet. Do you think recessions magically happen on their own?
Quoting Carpy:Recessions happen all the time, they are a normal response for the economy to reset itself. It is when DC decides it needs to engineer the economy that we have a problem. It was done by Hoover, FDR, etc.. that is when the market can not reset and we have what we have now and what we had during the great depression. The economy doesn't decide how to function by whether the president has a D or R.
Quoting im23vaughn:So it took 7 years for this bubble to burst? We still went into a recession in 2001 & 2003. It didnt' save us from anything, it only delayed it a few years. The dot.com burst occured in 2000. So Bush had 8 years after the dot.com burst. He lowered taxes & in 2007 -2008 the economy began to fail.
The reason we are in a recession is due to default credit swaps & etc.
Quoting Carpy:
Because just as Bush was taking office, the housing and .com bubbles burst. The tax cuts saved us from a recession because they did work. The out of control spending that followed did not.
Quoting rccmom:
Okay, for those that say raising the tax rate back to what it was before Bush will hurt the economy, why did we tank our economy in the first place? That tax cut for the rich was in effect when the Recession hit. It did not keep the recession away. We lost jobs during that tax cut, and interestingly enough, had to borrow in order to maintain the budget that had been passed.
I am really curious. I'm not an economist, but nothing I see in history proves that lower taxes increases the amount of jobs and the tax rate. In the past we have had even higher taxes, but still created jobs.I guess if we were in a closed economic system, it might prove true as the rich would have no choice but to create jobs here, and spend their money here, but the system is not closed. Obama does want to give tax breaks to companies that want to in-source though, and maybe that is what we need to do.
I am to the point, where all I can do is chuckle and move on.
Quoting LBAY:Oh, give it up! So I misread her comment. And when I saw your response, I mistakenly thought you were referring to a post I made ealier where I used the common expression, " you don't bring a knife to a gun fight." Sometimes mistakes DO happen when you are a human being............Oh, that's RIGHT! Only conservatives are allowed to make mistakes!!!!!
My dear, you have "excepted the fact that you are difficult to have a conversation with" becuase I don't agree with you, and challenge your misinformed arguments using facts, figures, statistics, and other information from verifiable sources--and in most posts even include links for you to verify the information yourself. Yesterday, I even included links from the conservative Wall Street Journal editorial page, and Fox news--so you can't claim my sources are "biased" against conservatives.
Your problem is that you don't have the knowledge or education to refute these valid arguments and respond intelligently-- and that frustrates the crap out of you. Furthermore, it's not jiving with the talking points you've been fed from Fox News and right wing talk radio, without which, you don't know what to say. So instead, you attempt to play off my valid comments provided with supporting evidence as "incoherent rambling" and insult my intelligence. Even then, I don't back down and roll over, the way you're used to Democrats doing. It must be extremely frustrating for you...I can see why!
You insulting my intelligence is a joke that literally made me laugh out loud!
Quoting asfriend:I have excepted the fact that you are difficult to have a conversation with, because you are truly not bright.
I mentioned "firing" as in ending someones employment and you say - "who is doing the gun firing and when".
The rest of your post is simply incoherent rambling.
Quoting LBAY:
Oh, just like a conservative! You support the nra, laws like stand your ground and are convinced president obama is trying to take away your precious right to buy guns. when students are killed in a campus shooting your solution is that more, not less, people should carry concealed weapons.
You have nothing to say when tea baggers show up to a presidential speech with a gun on their hip or when sharon angle says we need to rely on "second amendment remedies." in fact you claim democrats are being overly sensitive, when we take issue with these very real threats and concerns.
But when I, a liberal mother on cafe mom, uses a common saying that happens to use the word "gun", suddenly I am threatening violence.
Thanks for proving my point.
Quoting asfriend:
What gun? Why are you threatening violence?
Quoting LBAY:
Can you explain what you mean by this statement? Along with who is doing the gun firing and when?
Quoting asfriend:
I have never said that Repub's don't go off the rails, the diff is that we at least try to fire our guys when they do that, I don't see that from the other side.
Maybe I am wrong, I would luv to be shown that each side is working toward that.
Quoting shimamab:
Okay, start there. Just don't stop there. It's not party specific is what I'm saying.
Quoting asfriend:
Tell me how we can't start with the current administration -
The tie between Jeffrey Imelt being on the administration's economic team and his company, GE earing millions and paying no taxes.
How can we not talk about the millions given to green companies like Solandrya(sp) who we knew were destined for bankruptcies?
No bogeyman - real, serious, starting point, real time, how can we not start there?
Quoting shimamab:
So you need ONE fall guy rather than accept that it's systemic and needs to be addressed on a macro level? You seem to have your boogeyman already so I guess this is where, once again, our common ground ends :)
Quoting asfriend:
When we refuse to identify the problem, we decide to leave it unsolved.
Quoting shimamab:
They all suck when it comes to that. Pork, lame local projects that benefit like 4 people, paying $60 for a hammer, etc. It's been the status quo for decades sadly. I know you want O and the dems to wear that crown...but I say that custody of it should be pretty evenly split :)
Quoting asfriend:
A fair opinion, now can we agree on who is the absolute king of corporate welfare and crony capitaslism?
That would need to be the next step.
Quoting shimamab:
There's an economic balance point that varies by country and situation that basically says taxing too much slows growth because people lose income and quit spending while taxing too little leaves the govt programs that need tax dollars in peril. So it can go too far in either direction. Considering how low taxes have been without making an improvement in revenue/growth, I think we're prob close to the low end tipping point. Businesses will hire when demand increases. For demand to increase, people need jobs and income to spend on goods. Increasing taxes on mid to low incomes will further depress the economy. Raising them on high incomes will only help if that money is in turn put into something that makes some damn sense, not more corporate welfare and crony capitalism. All my ever humble opinion...as always :)
Quoting rccmom:
Okay, for those that say raising the tax rate back to what it was before Bush will hurt the economy, why did we tank our economy in the first place? That tax cut for the rich was in effect when the Recession hit. It did not keep the recession away. We lost jobs during that tax cut, and interestingly enough, had to borrow in order to maintain the budget that had been passed.
I am really curious. I'm not an economist, but nothing I see in history proves that lower taxes increases the amount of jobs and the tax rate. In the past we have had even higher taxes, but still created jobs.I guess if we were in a closed economic system, it might prove true as the rich would have no choice but to create jobs here, and spend their money here, but the system is not closed. Obama does want to give tax breaks to companies that want to in-source though, and maybe that is what we need to do.
Ok, now i can make it a lol. That was funny.
Quoting LBAY:
...and it shows.
Developing an informed opinion requires looking at an issue from multiple angles and considering different possibilities. It also requires the openess to new information and ideas. It's what us intellectual liberal types like to call "reason" and "logic". You should give it a try.
I on the other hand, have considered that I am wrong, and devote time to learning both sides of an issue. I enjoy NPR and MSNBC, but I go out of my way to listen to at least some conservative talk radio every day - mark levine, "el rushbo", hannity, laura ingram, "savage nation", etc, Or watch some fox "news entertainment" and part of my job as media spokesperson for my organization is to do interviews with conservative talk stations. I am intimately familiar with conservative ideology and I HAVE considered it, and you are just dead wrong.
History proves that conservatism is a flawed ideology that has failed the american people time and time again. progressivism works.
Quoting asfriend:
Not for a moment
Quoting LBAY:
Ironically I would say the same to you.
You are the one ignoring the facts that dont align with your misinformed world view. That is the definition of ignorant. Ever consider that you are the one who is wrong?
Quoting asfriend:
I am a little frustrated, because although you don't seem stupid, you are very ignorant of truths outside of your very narrow viewpoint.
It doesn't have to be that way, knowledge is available, common sense is attainable, but you are too invested in a failed ideology to look.
Quoting LBAY:Oh, give it up! So I misread her comment. And when I saw your response, I mistakenly thought you were referring to a post I made ealier where I used the common expression, " you don't bring a knife to a gun fight." Sometimes mistakes DO happen when you are a human being............Oh, that's RIGHT! Only conservatives are allowed to make mistakes!!!!!
My dear, you have "excepted the fact that you are difficult to have a conversation with" becuase I don't agree with you, and challenge your misinformed arguments using facts, figures, statistics, and other information from verifiable sources--and in most posts even include links for you to verify the information yourself. Yesterday, I even included links from the conservative Wall Street Journal editorial page, and Fox news--so you can't claim my sources are "biased" against conservatives.
Your problem is that you don't have the knowledge or education to refute these valid arguments and respond intelligently-- and that frustrates the crap out of you. Furthermore, it's not jiving with the talking points you've been fed from Fox News and right wing talk radio, without which, you don't know what to say. So instead, you attempt to play off my valid comments provided with supporting evidence as "incoherent rambling" and insult my intelligence. Even then, I don't back down and roll over, the way you're used to Democrats doing. It must be extremely frustrating for you...I can see why!
You insulting my intelligence is a joke that literally made me laugh out loud!
Quoting asfriend:I have excepted the fact that you are difficult to have a conversation with, because you are truly not bright.
I mentioned "firing" as in ending someones employment and you say - "who is doing the gun firing and when".
The rest of your post is simply incoherent rambling.
Quoting LBAY:
Oh, just like a conservative! You support the nra, laws like stand your ground and are convinced president obama is trying to take away your precious right to buy guns. when students are killed in a campus shooting your solution is that more, not less, people should carry concealed weapons.
You have nothing to say when tea baggers show up to a presidential speech with a gun on their hip or when sharon angle says we need to rely on "second amendment remedies." in fact you claim democrats are being overly sensitive, when we take issue with these very real threats and concerns.
But when I, a liberal mother on cafe mom, uses a common saying that happens to use the word "gun", suddenly I am threatening violence.
Thanks for proving my point.
Quoting asfriend:
What gun? Why are you threatening violence?
Quoting LBAY:
Can you explain what you mean by this statement? Along with who is doing the gun firing and when?
Quoting asfriend:
I have never said that Repub's don't go off the rails, the diff is that we at least try to fire our guys when they do that, I don't see that from the other side.
Maybe I am wrong, I would luv to be shown that each side is working toward that.
Quoting shimamab:
Okay, start there. Just don't stop there. It's not party specific is what I'm saying.
Quoting asfriend:
Tell me how we can't start with the current administration -
The tie between Jeffrey Imelt being on the administration's economic team and his company, GE earing millions and paying no taxes.
How can we not talk about the millions given to green companies like Solandrya(sp) who we knew were destined for bankruptcies?
No bogeyman - real, serious, starting point, real time, how can we not start there?
Quoting shimamab:
So you need ONE fall guy rather than accept that it's systemic and needs to be addressed on a macro level? You seem to have your boogeyman already so I guess this is where, once again, our common ground ends :)
Quoting asfriend:
When we refuse to identify the problem, we decide to leave it unsolved.
Quoting shimamab:
They all suck when it comes to that. Pork, lame local projects that benefit like 4 people, paying $60 for a hammer, etc. It's been the status quo for decades sadly. I know you want O and the dems to wear that crown...but I say that custody of it should be pretty evenly split :)
Quoting asfriend:
A fair opinion, now can we agree on who is the absolute king of corporate welfare and crony capitaslism?
That would need to be the next step.
Quoting shimamab:
There's an economic balance point that varies by country and situation that basically says taxing too much slows growth because people lose income and quit spending while taxing too little leaves the govt programs that need tax dollars in peril. So it can go too far in either direction. Considering how low taxes have been without making an improvement in revenue/growth, I think we're prob close to the low end tipping point. Businesses will hire when demand increases. For demand to increase, people need jobs and income to spend on goods. Increasing taxes on mid to low incomes will further depress the economy. Raising them on high incomes will only help if that money is in turn put into something that makes some damn sense, not more corporate welfare and crony capitalism. All my ever humble opinion...as always :)
Quoting rccmom:
Okay, for those that say raising the tax rate back to what it was before Bush will hurt the economy, why did we tank our economy in the first place? That tax cut for the rich was in effect when the Recession hit. It did not keep the recession away. We lost jobs during that tax cut, and interestingly enough, had to borrow in order to maintain the budget that had been passed.
I am really curious. I'm not an economist, but nothing I see in history proves that lower taxes increases the amount of jobs and the tax rate. In the past we have had even higher taxes, but still created jobs.I guess if we were in a closed economic system, it might prove true as the rich would have no choice but to create jobs here, and spend their money here, but the system is not closed. Obama does want to give tax breaks to companies that want to in-source though, and maybe that is what we need to do.
Quoting Carpy:Ok, now i can make it a lol. That was funny.
Quoting LBAY:
...and it shows.
Developing an informed opinion requires looking at an issue from multiple angles and considering different possibilities. It also requires the openess to new information and ideas. It's what us intellectual liberal types like to call "reason" and "logic". You should give it a try.
I on the other hand, have considered that I am wrong, and devote time to learning both sides of an issue. I enjoy NPR and MSNBC, but I go out of my way to listen to at least some conservative talk radio every day - mark levine, "el rushbo", hannity, laura ingram, "savage nation", etc, Or watch some fox "news entertainment" and part of my job as media spokesperson for my organization is to do interviews with conservative talk stations. I am intimately familiar with conservative ideology and I HAVE considered it, and you are just dead wrong.
History proves that conservatism is a flawed ideology that has failed the american people time and time again. progressivism works.
Quoting asfriend:
Not for a moment
Quoting LBAY:
Ironically I would say the same to you.
You are the one ignoring the facts that dont align with your misinformed world view. That is the definition of ignorant. Ever consider that you are the one who is wrong?
Quoting asfriend:
I am a little frustrated, because although you don't seem stupid, you are very ignorant of truths outside of your very narrow viewpoint.
It doesn't have to be that way, knowledge is available, common sense is attainable, but you are too invested in a failed ideology to look.
Quoting LBAY:Oh, give it up! So I misread her comment. And when I saw your response, I mistakenly thought you were referring to a post I made ealier where I used the common expression, " you don't bring a knife to a gun fight." Sometimes mistakes DO happen when you are a human being............Oh, that's RIGHT! Only conservatives are allowed to make mistakes!!!!!
My dear, you have "excepted the fact that you are difficult to have a conversation with" becuase I don't agree with you, and challenge your misinformed arguments using facts, figures, statistics, and other information from verifiable sources--and in most posts even include links for you to verify the information yourself. Yesterday, I even included links from the conservative Wall Street Journal editorial page, and Fox news--so you can't claim my sources are "biased" against conservatives.
Your problem is that you don't have the knowledge or education to refute these valid arguments and respond intelligently-- and that frustrates the crap out of you. Furthermore, it's not jiving with the talking points you've been fed from Fox News and right wing talk radio, without which, you don't know what to say. So instead, you attempt to play off my valid comments provided with supporting evidence as "incoherent rambling" and insult my intelligence. Even then, I don't back down and roll over, the way you're used to Democrats doing. It must be extremely frustrating for you...I can see why!
You insulting my intelligence is a joke that literally made me laugh out loud!
Quoting asfriend:I have excepted the fact that you are difficult to have a conversation with, because you are truly not bright.
I mentioned "firing" as in ending someones employment and you say - "who is doing the gun firing and when".
The rest of your post is simply incoherent rambling.
Quoting LBAY:
Oh, just like a conservative! You support the nra, laws like stand your ground and are convinced president obama is trying to take away your precious right to buy guns. when students are killed in a campus shooting your solution is that more, not less, people should carry concealed weapons.
You have nothing to say when tea baggers show up to a presidential speech with a gun on their hip or when sharon angle says we need to rely on "second amendment remedies." in fact you claim democrats are being overly sensitive, when we take issue with these very real threats and concerns.
But when I, a liberal mother on cafe mom, uses a common saying that happens to use the word "gun", suddenly I am threatening violence.
Thanks for proving my point.
Quoting asfriend:
What gun? Why are you threatening violence?
Quoting LBAY:
Can you explain what you mean by this statement? Along with who is doing the gun firing and when?
Quoting asfriend:
I have never said that Repub's don't go off the rails, the diff is that we at least try to fire our guys when they do that, I don't see that from the other side.
Maybe I am wrong, I would luv to be shown that each side is working toward that.
Quoting shimamab:
Okay, start there. Just don't stop there. It's not party specific is what I'm saying.
Quoting asfriend:
Tell me how we can't start with the current administration -
The tie between Jeffrey Imelt being on the administration's economic team and his company, GE earing millions and paying no taxes.
How can we not talk about the millions given to green companies like Solandrya(sp) who we knew were destined for bankruptcies?
No bogeyman - real, serious, starting point, real time, how can we not start there?
Quoting shimamab:
So you need ONE fall guy rather than accept that it's systemic and needs to be addressed on a macro level? You seem to have your boogeyman already so I guess this is where, once again, our common ground ends :)
Quoting asfriend:
When we refuse to identify the problem, we decide to leave it unsolved.
Quoting shimamab:
They all suck when it comes to that. Pork, lame local projects that benefit like 4 people, paying $60 for a hammer, etc. It's been the status quo for decades sadly. I know you want O and the dems to wear that crown...but I say that custody of it should be pretty evenly split :)
Quoting asfriend:
A fair opinion, now can we agree on who is the absolute king of corporate welfare and crony capitaslism?
That would need to be the next step.
Quoting shimamab:
There's an economic balance point that varies by country and situation that basically says taxing too much slows growth because people lose income and quit spending while taxing too little leaves the govt programs that need tax dollars in peril. So it can go too far in either direction. Considering how low taxes have been without making an improvement in revenue/growth, I think we're prob close to the low end tipping point. Businesses will hire when demand increases. For demand to increase, people need jobs and income to spend on goods. Increasing taxes on mid to low incomes will further depress the economy. Raising them on high incomes will only help if that money is in turn put into something that makes some damn sense, not more corporate welfare and crony capitalism. All my ever humble opinion...as always :)
Quoting rccmom:
Okay, for those that say raising the tax rate back to what it was before Bush will hurt the economy, why did we tank our economy in the first place? That tax cut for the rich was in effect when the Recession hit. It did not keep the recession away. We lost jobs during that tax cut, and interestingly enough, had to borrow in order to maintain the budget that had been passed.
I am really curious. I'm not an economist, but nothing I see in history proves that lower taxes increases the amount of jobs and the tax rate. In the past we have had even higher taxes, but still created jobs.I guess if we were in a closed economic system, it might prove true as the rich would have no choice but to create jobs here, and spend their money here, but the system is not closed. Obama does want to give tax breaks to companies that want to in-source though, and maybe that is what we need to do.
THIS
Quoting rccmom:Okay, for those that say raising the tax rate back to what it was before Bush will hurt the economy, why did we tank our economy in the first place? That tax cut for the rich was in effect when the Recession hit. It did not keep the recession away. We lost jobs during that tax cut, and interestingly enough, had to borrow in order to maintain the budget that had been passed.
I am really curious. I'm not an economist, but nothing I see in history proves that lower taxes increases the amount of jobs and the tax rate. In the past we have had even higher taxes, but still created jobs.I guess if we were in a closed economic system, it might prove true as the rich would have no choice but to create jobs here, and spend their money here, but the system is not closed. Obama does want to give tax breaks to companies that want to in-source though, and maybe that is what we need to do.
LOL- who cares what you open if you're not hiring. Hope you get the customers YOU need-
Business 101- better have a product or service someone (or better yet lots of someones want or need) and paying customers. Those are few and far between these days-
Quoting mustbeGRACE:The vast number of new jobs in this country come from small businesses.
I have 1 and am opening another in the next 3-6 months.
I will hire as few people as possible, maybe none.
The economic environment is too stinky.
Wouldn't one think that giving small business owners some of what they need makes sense for everyone?????
And I don't mean Mr. Obama's crappy crumbs that mean NOTHING to small businesses.
Stop taxing people to death!
I'm on the front lines.
NO NEW JOBS times hundreds of thousands of small businesses. ) :
President Obama does want to give tax breaks to companies that keep work here in the US. Also the middle class are the job creators not necessarily the rich. Companies hire employees when they need them, not just to create jobs, that makes no sense. If there is a demand for more products and services companies will hire, they do not hire just to do us a favor.
Bill Ayers: Obama Should Be Tried For War Crimes
Sarah Palin - love her, hate her, don't give a F***?
- _Kissy_
on Jul. 10, 2012 at 12:29 AM