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Thread: White House Tax Plan Would Ask More of Millionaires (Continued)

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post
    Don't see where there is any proof there. Individuals can be in a recession and the economy not officially in a recession, happens all the time. Paying 17.5% and higher interest rates along with double digit inflation hurt individuals a lot more than the current recession.
    LMAO do you ever get dizzy trying to spin so much or have you built up a tolerance to it?

    BTW you did not say individuals you said "we.


    Originally Posted by Conservative

    Try paying 17.5% interest and double digit inflation and tell me we weren't in a recession.

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post

    Try paying 17.5% interest and double digit inflation and tell me we weren't in a recession.
    I'm sorry, but you're the not the authority on deciding what a recession is, the NBER is and they're laughing at you too. You're just some Conservative goof trying to make the economy appear worse when Reagan was president just so you can make Obama look worse. Unforunately for you, there was no recession when Reagan became president. And nothing you say will ever change that fact.

    When Reagan became president, GDP was 7.6%, interest rates were falling, inflation was falling, unemployment was flat.


    Quote Originally Posted by Conservative View Post

    That recession began in June 1981 and the Reagan economic play wasn't passed until August. You can try to re-write history but you cannot change it.
    I never said anything other than that (except that the recession started in July, not June) , so who knows what you're talking about now?

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post

    Actually it shows that you don't have a clue, people paying 17.5+ percent for their homes and double digit inflation prices were hurt a lot more than the working people today. That is reality but more importantly is the recovery which shows the value of leadership. Obama has none.
    I suppose you think NBER doesn't have a clue either, huh?

    Information on Recessions and Recoveries, the NBER Business Cycle Dating Committee, and related topics

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by winston53660 View Post
    LMAO do you ever get dizzy trying to spin so much or have you built up a tolerance to it?

    BTW you did not say individuals you said "we.
    And I stand by it, ever hear of a personal recession? Suggest you Google Personal recession. Here is one article

    The hidden costs behind the price tag - MSN Money

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post

    Post where I said that misery index determines a recession? Misery index shows how people are affected by a recession especially working people.
    Right, you said a recession was inflation + interest rates.

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post
    And I stand by it, ever hear of a personal recession? Suggest you Google Personal recession. Here is one article

    The hidden costs behind the price tag - MSN Money

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Sheik Yerbuti View Post
    Right, you said a recession was inflation + interest rates.
    Prove that is what I stated? Inflation and interest rates affect cost of living which makes the 81-82 recession worse than the 2007-2009 recession for the individual.

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post
    Prove that is what I stated?
    I already did.

    Inflation and interest rates affect cost of living which makes the 81-82 recession worse than the 2007-2009 recession for the individual.
    I'd rather pay 17.5% on a mortgage and be above water than pay 6% and be below water.

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by winston53660 View Post
    I already did.



    I'd rather pay 17.5% on a mortgage and be above water than pay 6% and be below water.
    Sure you would! LOL what does a 100,000 mortgage cost at 17.5% vs that same mortgage at 4%. You just show how out of touch you are with the average American, you need to get out more.

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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post

    Prove that is what I stated?
    Sure, click on this link and it will take you directly to where you said, "Try paying 17.5% interest and double digit inflation and tell me we weren't in a recession."

    Conservative claiming interest rate + inflation = recession

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