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

  1. #391
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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Conservative View Post
    It doesn't appear that you understand responsibility and authority thus leadership. You asked me for 3 reasons that Obama isn't a good leader and the number one reason is that he delegates responsibility. No good leader EVER delegates responsibility, period
    There is so much fail here, have you ever heard of a PR? No one can be everywhere to express to everyone what they believe.

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

    Quote Originally Posted by Sheik Yerbuti View Post
    Consider this before you go around telling others they're the ones who don't know what you're talking about ...

    Family A in 1981 buys a home for $100,000 at 17.5% interest ... they can afford it. Family B buys a house in 2003 at 1% interest ... they too can afford it. In both cases, the value of their home drops. Doesn't affect their mortgage payments, both are still fine. During the '81-'82, interest rate drop drastically. Familiy A refinances their home and now have additional money in their budget. Also, family A can now easily afford their mortgage and remain in their house until values rise and they can sell it for a profit, that's also extra money in the pocket of consumers. Family B is not as fortunate because interest rates are already low, they cannot lower their monthly payment like family A. Even worse, their interest rates go up and because they could barely afford their mortgage in the first place, they can no longer afford to keep their home. And to make matters worse, their home is worth up to half of what they paid, they cannot sell it. Unlike family A, who were able to remain in their home until the value rose again, family B loses their home to foreclosure. Unlike Family A who had additional money from from their interest rates drop and made profit from the sale of their home, that was money that made it into the economy. Then we have Familiy B, they have less money to spend because their monthly nut on their home went up. They also lost their home to foreclosure because they weren't in a position like family A to ride out the housing slump, so they also make no profit from their home. That's more money that, unlike familiy A, that is taken out of the pockets of the consumer.

    Now consider there are millions of family B's out there. There is simply no comparison between then and now.
    Good economic policy and leadership created an environment to lower interest rates whereas poor leadership and economic policy today has prolonged the problem. People today are suffering because we have a President who isn't leading but instead is dividing. This shows once again that you don't have a clue

  3. #393
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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Jryan View Post
    There is so much fail here, have you ever heard of a PR? No one can be everywhere to express to everyone what they believe.
    You are talking about something entirely different. A Press Release has nothing to do with leadership although a press release has to be approved so what are you talking about. A good leader surrounds himself with good people and delegates authority to them to do the job and that means in some cases PR's. If that PR is poorly written or false then the one that created the PR will be disciplined but so will the leader who gave someone the authority to do something and that person failed.

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

    Quote Originally Posted by winston53660 View Post
    Uhmmm Obama hired Paul Volcker as Chairman of the Economic Recovery Advisory Board oh he was also Chairman of the Federal Reserve under Reagan till '87.
    And what authority does Paul Volcker have. Obama also hired Simpson/Bowles and then didn't do a thing they proposed. What good is hiring someone if you aren't going to listen to them?

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

    Quote Originally Posted by Eighty Deuce View Post

    For you to claim that things were somehow OK when Reagan took office is incredibly uninformed. The misery index was at a modern day high. I am not here to blame Carter, as the mess Reagan got was the cumulative effect of all the messed-up 70's.
    For you to claim I ever said things were "OK" is ascribing to me something I never said. What I did say, and which cannot be refuted with facts, is that the economy Reagan inherited was not in recession. By no means does that translate into "things were somehow OK."

    Quote Originally Posted by Eighty Deuce View Post

    You can debate all you want that Obama inherited worse, or Reagan inherited worse. Both were bad. The difference is in how Reagan went to solving his mess, which worked, vs. Obama being inept beyond belief.
    All Reagan did was to keep Volker on as chairman of the FED. I t was volker who raised interest rates to combat inflation and it was Volker who lowered them after the battle with inflation was won.

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

    Quote Originally Posted by Sheik Yerbuti View Post
    For you to claim I ever said things were "OK" is ascribing to me something I never said. What I did say, and which cannot be refuted with facts, is that the economy Reagan inherited was not in recession. By no means does that translate into "things were somehow OK."


    All Reagan did was to keep Volker on as chairman of the FED. I t was volker who raised interest rates to combat inflation and it was Volker who lowered them after the battle with inflation was won.
    Reagan did the same thing 'W' did; or rather Vice Versa. 'Reaganomics'.

    Both ran up the the debt by Wildly increasing spending AND decreasing tax rates.
    About 6 years in the accumulated deficit outweighed the yearly stimulus/Fake prosperity and....
    BOTH had a market Crash 6-7 years in.
    Reagan the famous 1987 Crash, 40% in 3 days. It took Bush a few months.
    Last edited by mbig; 10-13-11 at 10:46 PM.
    I'm personally sick of not being able to dunk a basketball because of racism.
    anon

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

    Quote Originally Posted by Sheik Yerbuti View Post
    So? Most higher educated people voted for Obama.
    the most common type of "higher education" is a masters in education which most NEA teachers have. teachers tend to be the bottom of the barrel in terms of majors at big state universities. the smartest kids go on to medical school, MBAs JDs and masters in real subjects.


    academics tend to vote dem because MOST academics are paid with tax dollars. Many lawyers vote dem because dems tend to create an environment that allows attorneys more fees-be it litigation or dealing with dem imposed regulations

    the groups with the lowest performances on IQ tests tend to vote dem
    Last edited by TurtleDude; 10-13-11 at 10:46 PM.



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

    Quote Originally Posted by Conservative View Post

    Your missing the point as usual, high interest rates affected more than just homes and their prices. I don't recall ARMS being available in the 80's but I do know that today people who bought ARMS knew that those interest rates would reset or if they didn't they had no business buying a home. Sounds like a personal responsibility issue to me
    Sadly, you have no idea what I said.

    Quote Originally Posted by Conservative View Post

    Please don't tell me that I am incapable of understanding what went on during a period of time when you were either a kid or wasn't born.
    The nonsense you post betrays your empty claim that you know more because you are older than me. And stop pretending like you know how old I am. You have no idea so you're making a fool of yourself acting as though you do.

    Quote Originally Posted by Conservative View Post

    You keep giving Obama the benefit of doubt in the face of data and results that are disastrous but because you are a liberal and an ideologue thus results don't matter.
    I give him the benefit of the doubt because I don't blame him for the Great Recession he inherited.

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

    Quote Originally Posted by Conservative View Post

    Management 101,you delegate AUTHORITY not RESPONSIBILITY. Learn the difference
    What examples do you have to offer of Obama delegating responsibility?

  10. #400
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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Sheik Yerbuti View Post
    Sadly, you have no idea what I said.


    The nonsense you post betrays your empty claim that you know more because you are older than me. And stop pretending like you know how old I am. You have no idea so you're making a fool of yourself acting as though you do.


    I give him the benefit of the doubt because I don't blame him for the Great Recession he inherited.
    You give him the benefit of doubt because he is a liberal and has a D after his name. Results don't matter to liberals when those results promote massive growth in a big central govt. and a huge entitlement state.

    Yes, I am older than you and hope I am around when you finally realize that you aren't nearly as smart as you think you are. What has been pointed out accurately is that Obama took office at the end of a recession and the results today should be much better than they are. Poor leadership, poor economic policy, and promotion of class warfare may make you feel good but the results are as expected.

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