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

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

    If one is incompetent why wouldn't you blame him? The economic results today are a reflection of that incompetence yet you are willing to give him a pass, why?
    He is not incompetent he merely wants to tax you more so you don't like him. He is not the sole responsible party for today's economy. He may have a VERY small role in it, but it is Bush whom is responsible.

    If we have to blame someone or something it should be Bush/the current HoR/Senate. They have not budged on any of their policies and aren't getting anything done. Some of them even say I'm not signing ANYTHING Obama writes. Even if that anything is exactly what they want.

    *(Yay, the thread isn't dead)*

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

    Quote Originally Posted by conservative
    Noticed the only one weaseling out is you, are you worse off today than you were in 1981-82? That is what people today are seeing and feeling thus the very low JAR of Obama.
    Quote Originally Posted by Goldenboy
    Quote Originally Posted by GoldenBoy
    It is a negligent question as i was born after 1981-82. People are worse off today; we can just look at record foreclosures and continued downward trend in housing prices (peoples largest investment).
    Many homeowners already are at the financial edge:
    43% of American households spend more than they earn each year.
    – Homeownership Preservation Foundation data of 60,000 homeowners

    52% of employees live paycheck to paycheck.
    – The MetLife Study of Employee Benefit Trends: Findings from the 2003 National Survey of Employers and Employees, November 2003.

    Nearly 42% of all American households do not have enough in liquid financial assets to support themselves for at least three months.
    46% of American households have less than $5,000 in liquid assets, including IRAs.
    - Asena Caner and Edward N. Wolff, “Asset Poverty in the United States: Its Persistence in an Expansionary Economy,” Levy Economics Institute of Bard College, 2004.
    I lived through Both recessions as a Financial professional.

    This is far Worse than 1981/1982.
    It's not even Close.
    This was a mitigated 1929. It was all over in hours without Fed/Treasury action. ALL The banks/brokers/Car cos. everyone were Bye-Bye.

    Bernanke understands this of course, a scholar of 1929, and is trying to prevent the 'dead decade' of the 1930's that followed.
    [Unlike 1981] People are Still de-leveraging, Housing still fading 4 years later.
    We were way over-extended privately and publicly.
    Obama & Co can't do much more that they're doing now.
    Any more stimulous, as you can see, would be politically unviable, especially if it increased the deficit.
    Last edited by mbig; 10-10-11 at 02:11 PM.
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    Re: White House Tax Plan Would Ask More of Millionaires (Continued)

    Quote Originally Posted by Jryan View Post
    He is not incompetent he merely wants to tax you more so you don't like him. He is not the sole responsible party for today's economy. He may have a VERY small role in it, but it is Bush whom is responsible.

    If we have to blame someone or something it should be Bush/the current HoR/Senate. They have not budged on any of their policies and aren't getting anything done. Some of them even say I'm not signing ANYTHING Obama writes. Even if that anything is exactly what they want.

    *(Yay, the thread isn't dead)*
    That is your opinion, when does this become the Obama economy in your world and what does your textbooks tell you regarding the role of Congress in creating economic policy? It has everything to do with the direction of the country and the lack of leadership on the part of this President. Some here have claimed that a leader can delegate responsibility when the reality is NO leader can delegate responsibility but instead can delegate authority. The responsibility for what is going on in his Administration is Obama's.

    Seems that you want to ignore what happened from 2009-2010 and lay the blame totally on the House that wasn't changed until 2011. Obama had total control of the Congress with more overwhelming numbers than Bush ever had yet for some reason you want to blame Bush who didn't have the control that Obama had and ignore the policies Obama has implemented that showed lack of leadership and promoted lace of confidence.

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

    Quote Originally Posted by mbig View Post
    I lived through Both recessions as a Financial professional.

    This is far Worse than 1981/1982.
    It's not even Close.
    This was a mitigated 1929. It was all over in hours without Fed/Treasury action. ALL The banks/brokers/Car cos. everyone were Bye-Bye.

    Bernanke understands this of course, a scholar of 1929, and is trying to prevent the 'dead decade' of the 1930's that followed.
    [Unlike 1981] People are Still de-leveraging, Housing still fading 4 years later.
    We were way over-extended privately and publicly.
    Obama & Co can't do much more that they're doing now.
    Any more stimulous, as you can see, would be politically unviable, especially if it increased the deficit.
    Then tell me why personally this is worse for you than paying high interest rates, having high inflation, and higher unemployment? If you were around during the 81-82 then you would understand the cost of living then vs. now as well as the economy then vs. now. Let me help you

    GDP
    1981-82 3.1 trillion and 3.2 trillion
    2009-2010 13.9 and 14.5 trillion

    Employment
    1981-1982 99.9 Million and 99.7
    2009-2010 142.2 million and 138.5 million

    What you and others want to ignore is the personal impact on the working people today and focus solely on the unemployed who are going to be hurt regardless of the recession.

    Notice the difference in economic numbers and employment numbers. Then factor in the cost of living during both periods and my belief is you were very young during the 81-82 recession or have a very short memory.

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

    Obama had total control of the Congress with more overwhelming numbers than Bush ever had yet for some reason you want to blame Bush who didn't have the control that Obama had and ignore the policies Obama has implemented that showed lack of leadership and promoted lace of confidence.
    Who says what he didn't do during those years didn't stop us from going deeper into a recession? I guess we will never know...

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

    Quote Originally Posted by Jryan View Post
    Who says what he didn't do during those years didn't stop us from going deeper into a recession? I guess we will never know...
    Because there is no way of knowing that. You want to buy the rhetoric when that rhetoric is nothing but campaign speech. We came out of recession in June 2009 so what was it about his economic policy that got us out of that recession yet today has worse economic results than 2010? It is ok to trust but verify. You are trusting yet never asking the tough questions.

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

    Quote Originally Posted by Jryan View Post
    He is not incompetent he merely wants to tax you more so you don't like him. He is not the sole responsible party for today's economy. He may have a VERY small role in it, but it is Bush whom is responsible.

    If we have to blame someone or something it should be Bush/the current HoR/Senate. They have not budged on any of their policies and aren't getting anything done. Some of them even say I'm not signing ANYTHING Obama writes. Even if that anything is exactly what they want.

    *(Yay, the thread isn't dead)*
    How is Bush totally responsible? Link us to the exact Bush policies that caused the recession.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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

    Quote Originally Posted by mbig View Post
    I lived through Both recessions as a Financial professional.

    This is far Worse than 1981/1982.
    It's not even Close.
    This was a mitigated 1929. It was all over in hours without Fed/Treasury action. ALL The banks/brokers/Car cos. everyone were Bye-Bye.

    Bernanke understands this of course, a scholar of 1929, and is trying to prevent the 'dead decade' of the 1930's that followed.
    [Unlike 1981] People are Still de-leveraging, Housing still fading 4 years later.
    We were way over-extended privately and publicly.
    Obama & Co can't do much more that they're doing now.
    Any more stimulous, as you can see, would be politically unviable, especially if it increased the deficit.

    Meet the 53%

    Meet America‘s ’53%’ – And They Have a Message for the ‘99%’ Protesters

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

    Did you just link me to the politically biased site freerepublic?
    Free Republic is a moderated Internet forum for activists, and chat site for self-described conservatives, primarily within the United States.[1] It presents articles and comments posted pseudonymously by registered members, known as "Freepers",[2] using screen names. For each article, the forum's main page typically shows its headline, plus the first 100 words of the article as posted to Free Republic. Users can see the full article at its original source by clicking a hyperlink beneath the headline.
    Free Republic - Wikipedia, the free encyclopedia

    Take your rhetoric elsewhere.
    The Blaze is a conservative news and opinion website launched on August 31, 2010, by American media personality and Fox News host Glenn Beck's Mercury Radio Arts, three days after Beck's widely publicized Restoring Honor rally at the Lincoln Memorial in Washington, D. C. Beck has promoted The Blaze as an alternative to "mainstream media outlets," which Beck says are "distorting facts to fit rigid agendas." Beck was quoted saying that The Blaze will feature "breaking news, original reporting, insightful opinions and engaging videos about the stories that matter most" and that "we will examine our culture, deal with matters of faith and family, and we won’t be afraid of a history lesson."[3] The site is reportedly modeled after The Huffington Post, and has been compared to that site by Matt DeLong of the Washington Post and Steve Krakauer of Mediaite.[4][5]
    The Blaze (web site) - Wikipedia, the free encyclopedia

    For that articles source "TheBlaze".

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

    you hang out at freeper often, do you?

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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