• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Obama's Approval Rating Drops to Lowest Ever, According to Gallup

Status
Not open for further replies.
Sheik Yerbuti said:
Hey, did ya notice you didn't even come remotely close to addressing my question?

Maybe you'll get lucky though and no one else will notice. :lol:
Click to expand...

You have a problem with the Obama GDP take it up with the Commerce Dept. and their report which I posted
 
1Perry said:
At which point it started to rapidly fall. If you think that's going to happen now, I wish you well.
Click to expand...

Don't wish me well. I think it would good though for many people if it did though, don't you?
Although I don't think the current political climate where one party is willing to hold the debt cieling hostage is conducive towards anything meaningful in that direction.

re:Reagan

Here’s how those tax law changes relate to the unemployment rate:
reagantaxes.png

So unemployment, which had been stable until Reagan cut taxes, soared during the 15 months that followed the tax cut; it didn’t start falling until Reagan backtracked and raised taxes.
Of course, I don’t believe that correlation was causation: in fact, both job losses in 1981-2 and job gains thereafter were mainly the result of Federal Reserve policy, rather than tax changes.

Reagan, Taxes, Jobs - NYTimes.com
 
Last edited:
1Perry said:
I'm not sure what you are saying. We can change the Constitution. If we do not like the courts ruling, we can just change the Constitution.
Click to expand...
You can't subvert a U.S. Supreme Court decision by changing the Constitution. It would be rendered unconstitutional before the states could even vote on it.
 
winston53660 said:
Don't wish me well. I think it would good though for many people if it did though, don't you?

Here’s how those tax law changes relate to the unemployment rate:
reagantaxes.png

So unemployment, which had been stable until Reagan cut taxes, soared during the 15 months that followed the tax cut; it didn’t start falling until Reagan backtracked and raised taxes.
Of course, I don’t believe that correlation was causation: in fact, both job losses in 1981-2 and job gains thereafter were mainly the result of Federal Reserve policy, rather than tax changes.

Reagan, Taxes, Jobs - NYTimes.com
Click to expand...

that is a complete distortion and retreating from reality. Income taxes were NOT increased and it is income taxes that benefited the taxpayers and put them in control of their own money something you don't seem to understand.
 
winston53660 said:
Don't wish me well. I think it would good though for many people if it did though, don't you?
Click to expand...

Yes but common sense will tell you that a plan that fed Wall Street at the expense of main street would never do that. I really have no desire to argue over your lack of historical knowledge of the late 70's early 80's though.
 
Sheik Yerbuti said:
You can't subvert a U.S. Supreme Court decision by changing the Constitution. It would be rendered unconstitutional before the states could even vote on it.
Click to expand...

Wow, I'm not even going to try.
 
1Perry said:
Yes but common sense will tell you that a plan that fed Wall Street at the expense of main street would never do that. I really have no desire to argue over your lack of historical knowledge of the late 70's early 80's though.
Click to expand...

WTF are you attempting to babble about?
 
Conservative said:
You have a problem with the Obama GDP take it up with the Commerce Dept. and their report which I posted
Click to expand...
You're the one saying real dollars aren't real. You could post nominal dollars if you wanted to. But you don't want to since nominal figures are higher. Why would I involve the Commerce Department because you're a liar?
 
Conservative said:
that is a complete distortion and retreating from reality. Income taxes were NOT increased and it is income taxes that benefited the taxpayers and put them in control of their own money something you don't seem to understand.
Click to expand...

aheemmmmm:


The Office of Tax Analysis of the United States Department of the Treasury summarized the tax changes as follows:[SUP][2][/SUP]

  • repealed scheduled increases in accelerated depreciation deductions
  • tightened safe harbor leasing rules
  • required taxpayers to reduce basis by 50% of investment tax credit
  • instituted 10% withholding on dividends and interest paid to individuals
  • tightened completed contract accounting rules
  • increased FUTA wage base and tax rate
Tax Equity and Fiscal Responsibility Act of 1982 - Wikipedia, the free encyclopedia
​
 
winston53660 said:
WTF are you attempting to babble about?
Click to expand...

Let me help, it is a waste of time arguing with someone who has no apparently historical understanding of the late 70's and early 80's. How you can compare the first 2 1/2 years of Reagan to Obama is beyond comprehension for as I pointed out the economy went into recession in July 1981 and the Reagan economic plan didn't even go into effect until fiscal year 1982 whereas Obama inherited an economy coming out of recession in June 2009 and had an economic policy in place a few weeks after taking office. You want to compare numbers then do it two years after the end of both recessions. You aren't going to like the numbers
 
winston53660 said:
aheemmmmm:


The Office of Tax Analysis of the United States Department of the Treasury summarized the tax changes as follows:[SUP][2][/SUP]

  • repealed scheduled increases in accelerated depreciation deductions
  • tightened safe harbor leasing rules
  • required taxpayers to reduce basis by 50% of investment tax credit
  • instituted 10% withholding on dividends and interest paid to individuals
  • tightened completed contract accounting rules
  • increased FUTA wage base and tax rate
Tax Equity and Fiscal Responsibility Act of 1982 - Wikipedia, the free encyclopedia
​
Click to expand...

Do you understand what Federal Income taxes are as nothing you posted relates to personal income taxes
 
Conservative said:
Let me help, it is a waste of time arguing with someone who has no apparently historical understanding of the late 70's and early 80's. How you can compare the first 2 1/2 years of Reagan to Obama is beyond comprehension for as I pointed out the economy went into recession in July 1981 and the Reagan economic plan didn't even go into effect until fiscal year 1982 whereas Obama inherited an economy coming out of recession in June 2009 and had an economic policy in place a few weeks after taking office. You want to compare numbers then do it two years after the end of both recessions. You aren't going to like the numbers
Click to expand...

WOW that has to be some of the biggest malarkey I have read yet!
 
Conservative said:
that is a complete distortion and retreating from reality. Income taxes were NOT increased and it is income taxes that benefited the taxpayers and put them in control of their own money something you don't seem to understand.
Click to expand...
Yes, those damn numbers! They completely distort everything!!

That does it, Winston! No more numbers!!
 
Conservative said:
Do you understand what Federal Income taxes are as nothing you posted relates to personal income taxes
Click to expand...

Yes I do and it is specifically pointed out in the graph what he is talking about! So where is the distortion?

sheeeeesh
 
winston53660 said:
WOW that has to be some of the biggest malarkey I have read yet!
Click to expand...

Things were bad when Obama took over. His actions have made them worse. Even he knows that but has no idea what to do about it. It's why Bernie is left shrugging his shoulders. It's why we are going to get a short speech in a few days about how Obama has this plan about creating jobs.
 
1Perry said:
Things were bad when Obama took over. His actions have made them worse. Even he knows that but has no idea what to do about it. It's why Bernie is left shrugging his shoulders. It's why we are going to get a short speech in a few days about how Obama has this plan about creating jobs.
Click to expand...

GDP is still down 9%?
 
1Perry said:
Unemployment isn't higher? We aren't further in debt? Anyone predicting a positive result like Reagan saw in 83?
Click to expand...

Reagen is where this debt monster started. Projections from now do seem to be improving though. Are they as rosy as when Clinton left office? nope. But there is a lot of **** to deal with.

And the political climate is not conducive to dealing with it like S&P noted in its downgrade further adding to the crud.
 
winston53660 said:
Reagen is where this debt monster started. Projections from now do seem to be improving though. Are they as rosy as when Clinton left office? nope. But there is a lot of **** to deal with.

And the political climate is not conducive to dealing with it like S&P noted in its downgrade further adding to the crud.
Click to expand...

Reagan then did spend too much. At least he achieved his goal. Projections are small improvements at best. For the billions and billions we spent shouldn't we expect more than small improvements?

The markets have certainly been doing well.
 
Last edited:
1Perry said:
Unemployment isn't higher? We aren't further in debt? Anyone predicting a positive result like Reagan saw in 83?
Click to expand...

Do you not realize the difference between the cause of the 1982 economy and the 2008 economy?

The levels of consumer debt, corporate debt, the inflated asset values etc

To suggest the way out of the 2008 economic crisis is to follow the path of the 1982 events shows a true lack of economic understanding
 
About half of our current debt can be attributed to old Ronnie, through the wonders of compound interest. Debt as a percentage of GDP fell for 30 consecutive years UNTIL Ronnie worked his economics miracle. It didn't fall again until Clinton's second term. Ronnie set in motion the deregulation frenzy that culminated in the recent financial collapse.
 
Lord Tammerlain said:
Do you not realize the difference between the cause of the 1982 economy and the 2008 economy?

The levels of consumer debt, corporate debt, the inflated asset values etc

To suggest the way out of the 2008 economic crisis is to follow the path of the 1982 events shows a true lack of economic understanding
Click to expand...

Opinion noted. (p.s that you would pick 1982 as a reference point to 2008 allows me to dismiss you. The economy tanked way before that.)
 
Status
Not open for further replies.
Back
Top Bottom