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Thread: Worst day since 2008 financial crisis

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    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by j-mac View Post
    News flash dude, that money, the so called stimulus didn't end up in the economy either.

    Much of the $868 billion went to individual states to bolster their budgets, in effect pay the union workers that operate in the respective states. Then there is the projects, many of which have not been started yet. In fact much of the stimulus was back loaded so that Obama could have a glorious re election campaign with projects going, remember the "shovel ready" crap? Well....j-mac
    Um, money that was paid to the states so they could keep paying teachers and police and firefighters did end up in the economy. All of those employees who weren't fired weren't collecting unemployment and they were spending their money at private businesses. It's true that many states misrepresented how "shovel ready" their projects were, but a lot of projects have been built and more will be in the future.

    About a third of the stimulus was a direct tax cut for workers -- the single biggest tax cut in our history. Funny how you don't hear ratface talking about that.

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    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by AdamT View Post
    Um, money that was paid to the states so they could keep paying teachers and police and firefighters did end up in the economy. All of those employees who weren't fired weren't collecting unemployment and they were spending their money at private businesses. It's true that many states misrepresented how "shovel ready" their projects were, but a lot of projects have been built and more will be in the future.

    About a third of the stimulus was a direct tax cut for workers -- the single biggest tax cut in our history. Funny how you don't hear ratface talking about that.
    So Adam, do you believe it is the Federal Taxpayers' responsibility to pay for your local school teachers, fire fighters and police?

    Also stop with the BS about the Obama tax cuts, those have been posted and debunked as most were targeted and required a specific action. How are you benefiting from those tax cuts today? what creats loyalty like you have?

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    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by AdamT View Post
    Um, money that was paid to the states so they could keep paying teachers and police and firefighters did end up in the economy. All of those employees who weren't fired weren't collecting unemployment and they were spending their money at private businesses.
    Yeah, check the data, last I heard people in things like SS administration were not teachers and firefighters. But even if you think that these payments to states went solely to them, I guess if you aren't an NEA member, or union local employee then screw you eh?

    It's true that many states misrepresented how "shovel ready" their projects were, but a lot of projects have been built and more will be in the future.
    Don't blame it on the states dude, Obama is the one who lied to the people.

    About a third of the stimulus was a direct tax cut for workers -- the single biggest tax cut in our history. Funny how you don't hear ratface talking about that.
    Rat face? who's that? Are we devolving to name calling so soon? Anyway, tax cuts? You mean the $15 per week what the hell is that?

    j-mac
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    Re: Worst day since 2008 financial crisis

    So Adam, do you believe it is the Federal Taxpayers' responsibility to pay for your local school teachers, fire fighters and police?

    I think it's the federal government's responsibility to address severe economic crises, and if helping states meet payrolls achieves that end, then I absolutely think it's appropriate.

    Also stop with the BS about the Obama tax cuts, those have been posted and debunked as most were targeted and required a specific action. How are you benefiting from those tax cuts today? what creats loyalty like you have?
    WTF are you talking about? The vast majority of the tax cut was a straight-up payroll tax cut that went to everyone in the country who earns a pay check.

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    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by j-mac View Post
    Yeah, check the data, last I heard people in things like SS administration were not teachers and firefighters. But even if you think that these payments to states went solely to them, I guess if you aren't an NEA member, or union local employee then screw you eh?



    Don't blame it on the states dude, Obama is the one who lied to the people.



    Rat face? who's that? Are we devolving to name calling so soon? Anyway, tax cuts? You mean the $15 per week what the hell is that?

    j-mac
    The money went to state employees -- Americans. I couldn't care less if they happen to belong to a union.

    The shovel ready job estimates were based upon applications submitted by the states. Why would I blame Obama if the states provided bad information?

    Ratface is Charles Krauthammer. Come one -- look at the guy.

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    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by AdamT View Post
    I think it's the federal government's responsibility to address severe economic crises, and if helping states meet payrolls achieves that end, then I absolutely think it's appropriate.



    WTF are you talking about? The vast majority of the tax cut was a straight-up payroll tax cut that went to everyone in the country who earns a pay check.
    What economic crisis? States have a responsibility to bail themselves out, not require the Federal Taxpayer to do it.

    Payroll tax cut? Do you know what payroll taxes fund? That came later NOT as part of the stimulus. You really have been brainwashed by the left.

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    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by Conservative View Post
    What economic crisis? States have a responsibility to bail themselves out, not require the Federal Taxpayer to do it.

    Payroll tax cut? Do you know what payroll taxes fund? That came later NOT as part of the stimulus. You really have been brainwashed by the left.
    What economic crisis? Really?

    The payroll tax holiday was in the stimulus bill. Try to educate yourself at least a LITTLE bit.

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    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by AdamT View Post
    What economic crisis? Really?

    The payroll tax holiday was in the stimulus bill. Try to educate yourself at least a LITTLE bit.
    Really! It was so bad that the recession ended in June 2009 so how could it have been that bad. Problem is Obama made it worse and did nothing but waste money and create debt

    I sure wish you wouldn't talk about someone else educating themself when it is obvious that you buy what you are told without the facts. HERE ARE THE FACTS

    Obama tax cuts in the stimulus. do you see payroll tax cut in this list?

    Total: $237 billion
    • $116 billion: New payroll tax credit of $400 per worker and $800 per couple in 2009 and 2010. Phaseout begins at $75,000 for individuals and $150,000 for joint filers.[29]
    • $70 billion: Alternative minimum tax: a one year increase in AMT floor to $70,950 for joint filers for 2009.[29]
    • $15 billion: Expansion of child tax credit: A $1,000 credit to more families (even those that do not make enough money to pay income taxes).
    • $14 billion: Expanded college credit to provide a $2,500 expanded tax credit for college tuition and related expenses for 2009 and 2010. The credit is phased out for couples making more than $160,000.
    • $6.6 billion: Homebuyer credit: $8,000 refundable credit for all homes bought between 1/1/2009 and 12/1/2009 and repayment provision repealed for homes purchased in 2009 and held more than three years. This only applies to first-time homebuyers.[41]
    • $4.7 billion: Excluding from taxation the first $2,400 a person receives in unemployment compensation benefits in 2009.
    • $4.7 billion: Expanded earned income tax credit to increase the earned income tax credit — which provides money to low income workers — for families with at least three children.
    • $4.3 billion: Home energy credit to provide an expanded credit to homeowners who make their homes more energy-efficient in 2009 and 2010. Homeowners could recoup 30 percent of the cost up to $1,500 of numerous projects, such as installing energy-efficient windows, doors, furnaces and air conditioners.
    • $1.7 billion: for deduction of sales tax from car purchases, not interest payments phased out for incomes above $250,000.

    Unbelievable how brainwashed some people are. What creates this kind of loyalty?

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    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by AdamT View Post
    What economic crisis? Really?

    The payroll tax holiday was in the stimulus bill. Try to educate yourself at least a LITTLE bit.
    Do you ever admit when you are wrong? Sure haven't seen it here as you have been proven wrong over and over again.

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    Re: Worst day since 2008 financial crisis

    Quote Originally Posted by Conservative View Post
    Really! It was so bad that the recession ended in June 2009 so how could it have been that bad. Problem is Obama made it worse and did nothing but waste money and create debt

    I sure wish you wouldn't talk about someone else educating themself when it is obvious that you buy what you are told without the facts. HERE ARE THE FACTS

    Obama tax cuts in the stimulus. do you see payroll tax cut in this list?

    Total: $237 billion
    • $116 billion: New payroll tax credit of $400 per worker and $800 per couple in 2009 and 2010. Phaseout begins at $75,000 for individuals and $150,000 for joint filers.[29]
    • $70 billion: Alternative minimum tax: a one year increase in AMT floor to $70,950 for joint filers for 2009.[29]
    • $15 billion: Expansion of child tax credit: A $1,000 credit to more families (even those that do not make enough money to pay income taxes).
    • $14 billion: Expanded college credit to provide a $2,500 expanded tax credit for college tuition and related expenses for 2009 and 2010. The credit is phased out for couples making more than $160,000.
    • $6.6 billion: Homebuyer credit: $8,000 refundable credit for all homes bought between 1/1/2009 and 12/1/2009 and repayment provision repealed for homes purchased in 2009 and held more than three years. This only applies to first-time homebuyers.[41]
    • $4.7 billion: Excluding from taxation the first $2,400 a person receives in unemployment compensation benefits in 2009.
    • $4.7 billion: Expanded earned income tax credit to increase the earned income tax credit — which provides money to low income workers — for families with at least three children.
    • $4.3 billion: Home energy credit to provide an expanded credit to homeowners who make their homes more energy-efficient in 2009 and 2010. Homeowners could recoup 30 percent of the cost up to $1,500 of numerous projects, such as installing energy-efficient windows, doors, furnaces and air conditioners.
    • $1.7 billion: for deduction of sales tax from car purchases, not interest payments phased out for incomes above $250,000.

    Unbelievable how brainwashed some people are. What creates this kind of loyalty?
    Again, educate yourself. The payroll tax credit is the very first item in your list.

    PolitiFact | The Obameter: Create a tax credit of $500 for workers
    Last edited by AdamT; 08-05-11 at 03:42 PM.

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