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Thread: BREAKING: President Obama Addresses the Nation Tonight at 9

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    Re: BREAKING: President Obama Addresses the Nation Tonight at 9

    Quote Originally Posted by BDBoop View Post
    And here's what CNN has to say.

    Reid plan "probably would pass hurdle"? That's news to Moody's:
    Moody's warned the measure should include substantial spending cuts as well.

    "Without more substantial deficit reductions being included in such a plan, it would be negative for the long-term outlook," the report said.

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    Re: BREAKING: President Obama Addresses the Nation Tonight at 9

    I thought we were going to discuss reactions to the speech. Except for the NYT rah-rah piece, these seem to be pre-speech reports. Since that's allowed, let me lower The Krauthammer

    Krauthammer: Obama "Has Gone From Emperor To Bystander" | RealClearPolitics

    Charles Krauthammer: "When I heard today that he was going to speak at 9:00, instantly I thought, 'we've got a deal.' Why else would the President request airtime? Then I hear he's just going to make his argument.. . I think the President is speaking tonight because he's gone from Emperor to bystander in three days, and he wants to be at least in on it to be resolved, and doesn't want it to be appear as it was resolved in spite of him and without him."

    "It's his Campaign. 2012. He warned, I think it was Eric Cantor in one of these meetings, 'I will take it to the country.' That's what he's doing. This is campaigning. This is all about -- look, the date he chose as a drop-dead date, the debt ceiling extension has to go into the election. It's a political date. It has as much relation to real economics as the surge withdrawal date in Afghanistan does to actually military reality. None whatsoever. It's not an economic date. It's a date which will help him get through the election without having to answer questions all the time on debt and how he's increased it by $4 Trillion."
    Last edited by LuckyDan; 07-26-11 at 04:19 AM.

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    Re: BREAKING: President Obama Addresses the Nation Tonight at 9

    First the hysterics, followed by standing ovation. My, we are easily swayed. It's cute that liberals are continuing the cheerleading, but I would expect more of a fight coming. Don't worry. At the end of this, a deal is signed. The OP won't have to worry about starting a Revolution like what was apparently needed because the big bad Republicans are tearing this nation apart.

    The pulpit was well used tonight. It swayed many into fervent action.
    Expect the Republicans to do the same.
    Last edited by Fiddytree; 07-26-11 at 04:20 AM.
    Michael J Petrilli-"Is School Choice Enough?"-A response to the recent timidity of American conservatives toward education reform. https://nationalaffairs.com/publicat...-choice-enough

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    Re: BREAKING: President Obama Addresses the Nation Tonight at 9

    Quote Originally Posted by Taylor View Post
    LOL - What? There hasn't been a plan introduced that will actually pay off current debt. At best they slow the spending binge.
    Which includes Ryan's plan which merely finances tax cuts with spending reductions with virtually no real impact upon the deficit. To which the GOP cheered loudly. Fiscal conservatives they are not.

    But there HAS been a real plan. The Bowles plan was a realistic plan to get us back to financial stability. And it got shot down by both sides.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

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    Re: BREAKING: President Obama Addresses the Nation Tonight at 9

    Quote Originally Posted by Fiddytree View Post
    First the hysterics, followed by standing ovation. My, we are easily swayed. It's cute that liberals are continuing the cheerleading, but I would expect more of a fight coming. Don't worry. At the end of this, a deal is signed. The OP won't have to worry about starting a Revolution like what was apparently needed because the big bad Republicans are tearing this nation apart.

    The pulpit was well used tonight. It swayed many into fervent action.
    Expect the Republicans to do the same.
    harumph harumph
    hear! hear!
    well said, sir, well said,
    damn strait

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    Re: BREAKING: President Obama Addresses the Nation Tonight at 9

    Quote Originally Posted by X Factor View Post
    Call is slippery slope if you like, but it makes sense that, if you believe raising taxes on the so called rich is the only right and moral thing to do then the you must also believe that the higher the taxation, the more moral and right it is, especially since I've never seen someone who advocates for taxing the rich express how much, they think, would finally be enough.
    Could start with enough to help pay down the bills. There will never be a real formula because there are far too many factors with different weighting to have some kind of master equation to figure out what is "fair".


    Also, you're speaking of corporations as if they don't contribute anything (like jobs and taxes) or provide any service.
    People contribute work which creates the profits that the boss collects which then partially go to taxes. Ironic that those horrible taxes are paid by the workers rather than the corporation. Are these the same workers that "don't pay taxes", because they have so little income they would be knocked down a class if they paid their "fair share" ?

    You also ignore the reality that anyone starting a business also runs the risk of having it fail spectacularly. The only reason to incur such risk is the potential for great reward. I know how distasteful the word "profit" is to some, but many people, rich and poor, benefit from the things brought about because of a motive to make money.
    I don't see what the point is here, isn't that the ideology that you support? Are you suggesting that we should take steps to make sure businesses don't fail, doesn't that defeat the purpose? Or are you afraid those that are successful are being robbed blind of their profits??? I don't understand how you could suggest such a thing when its obvious those that are successful have so, so much compensation, they reap benefits normal people can't even fathom. Kind of bizarre where you're going with this.

    I don't disagree that everyone should pay. The rich are paying and fully about half of the population is supported by the other half.
    The reason the rich pay so much in taxes is because they have all the money... Go ahead and tax the "freeloaders" into the ground, you won't get much juice from an already squeezed lemon.

    I see this constantly, people don't know that Capitalism has some flaws and that the higher you go up the ladder the more disproportionate the compensation becomes. And as you go down the compensation becomes much less than the work performed. Yet when it comes time to write down the score we forget that the amount of wealth you have does not necessarily equal the amount you contribute to society. Suddenly the guy making 10 bucks an hour to do 20 an hour worth of work is a freeloader that is supported by the boss that makes 30 an hour to do 10 worth of work? Yeah...

    Tell me how the so called poor (folks in other countries would just love the standard of living our poor have) are paying when they somehow get a tax refund on taxes they never had to pay. I'd really be interested in knowing how much "soaking the rich" would be enough for you.
    I guess we should count our blessings we're not working 12 hours a day for a loaf of bread, is that what you want middle class America to be?

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    Re: BREAKING: President Obama Addresses the Nation Tonight at 9

    Quote Originally Posted by Verax View Post
    Could start with enough to help pay down the bills. There will never be a real formula because there are far too many factors with different weighting to have some kind of master equation to figure out what is "fair".




    People contribute work which creates the profits that the boss collects which then partially go to taxes. Ironic that those horrible taxes are paid by the workers rather than the corporation. Are these the same workers that "don't pay taxes", because they have so little income they would be knocked down a class if they paid their "fair share" ?



    I don't see what the point is here, isn't that the ideology that you support? Are you suggesting that we should take steps to make sure businesses don't fail, doesn't that defeat the purpose? Or are you afraid those that are successful are being robbed blind of their profits??? I don't understand how you could suggest such a thing when its obvious those that are successful have so, so much compensation, they reap benefits normal people can't even fathom. Kind of bizarre where you're going with this.


    The reason the rich pay so much in taxes is because they have all the money... Go ahead and tax the "freeloaders" into the ground, you won't get much juice from an already squeezed lemon.

    I see this constantly, people don't know that Capitalism has some flaws and that the higher you go up the ladder the more disproportionate the compensation becomes. And as you go down the compensation becomes much less than the work performed. Yet when it comes time to write down the score we forget that the amount of wealth you have does not necessarily equal the amount you contribute to society. Suddenly the guy making 10 bucks an hour to do 20 an hour worth of work is a freeloader that is supported by the boss that makes 30 an hour to do 10 worth of work? Yeah...



    I guess we should count our blessings we're not working 12 hours a day for a loaf of bread, is that what you want middle class America to be?
    Welcome aboard. That's one amazing first post.

  8. #138
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    Re: BREAKING: President Obama Addresses the Nation Tonight at 9

    Quote Originally Posted by Verax View Post
    Could start with enough to help pay down the bills. There will never be a real formula because there are far too many factors with different weighting to have some kind of master equation to figure out what is "fair".




    People contribute work which creates the profits that the boss collects which then partially go to taxes. Ironic that those horrible taxes are paid by the workers rather than the corporation. Are these the same workers that "don't pay taxes", because they have so little income they would be knocked down a class if they paid their "fair share" ?



    I don't see what the point is here, isn't that the ideology that you support? Are you suggesting that we should take steps to make sure businesses don't fail, doesn't that defeat the purpose? Or are you afraid those that are successful are being robbed blind of their profits??? I don't understand how you could suggest such a thing when its obvious those that are successful have so, so much compensation, they reap benefits normal people can't even fathom. Kind of bizarre where you're going with this.


    The reason the rich pay so much in taxes is because they have all the money... Go ahead and tax the "freeloaders" into the ground, you won't get much juice from an already squeezed lemon.

    I see this constantly, people don't know that Capitalism has some flaws and that the higher you go up the ladder the more disproportionate the compensation becomes. And as you go down the compensation becomes much less than the work performed. Yet when it comes time to write down the score we forget that the amount of wealth you have does not necessarily equal the amount you contribute to society. Suddenly the guy making 10 bucks an hour to do 20 an hour worth of work is a freeloader that is supported by the boss that makes 30 an hour to do 10 worth of work? Yeah...



    I guess we should count our blessings we're not working 12 hours a day for a loaf of bread, is that what you want middle class America to be?
    The corporation pays waaaaay more taxes than the worker. The corporation pay unemploymet, workman's comp, social security and medicare.

    Stop with the myths, please.

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    Re: BREAKING: President Obama Addresses the Nation Tonight at 9

    For those believing we can go beyond August 2nd, no problemo.

    Debt Debate: Anything You Can Do to Protect Your Money? - The Note

    "If they downgrade the U.S. Treasury, that will be the most significant downgrade in the history of rating agencies," said Jim Kessler of Third Way, a non-partisan economic think tank in Washington, D.C.

    What would the downgrade alone mean to you?

    Analysts forecast a 6 percent drop in the stock market. The average 401(k) of $140,000 would lose $9,000.
    Mortgage rates would likely rise at least a half point. That's a $19,000 hike on the average $172,000 home loan.
    And the overall economy would be hit with 1 percent drop in GNP, translating into 640,000 lost jobs.
    And that's just the immediate damage.

    "I would compare it to a marriage where one spouse cheats on the other," Kessler said. "The marriage may survive, but it will never be the same again. And if there is a downgrade on U.S. treasuries, our economy will survive but it will never be the same again, as well."

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    Re: BREAKING: President Obama Addresses the Nation Tonight at 9

    Congress Websites Down: House, Senate Sites Not Working (UPDATE)

    This is awesome. Good!

    Not all are down though. Among the congressional websites that currently work without any problems is Senate Majority Leader Harry Reid's (D-Nev.). The websites of House Minority Leader Nancy Pelosi, Rep. Jarry Nadler (D-N.Y.) and Rep. Ed Markey (D-Mass.) also work.

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