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Thread: Republicans block Obama jobs bill

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Conservative View Post
    Top marginal rate under Reagan was cut to 28%
    Sherlock there is not room to do that today!

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by whysoserious View Post
    So you have no reason for believing what you believe? Ok, sounds good.
    Right, Reagan really screwed up, doubling GDP, creating 17 million jobs and increasing govt. revenue by 69% with the tax rate cuts

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Conservative View Post
    Now there you go again, ignoring the really big contribution to the current economy, all those Czars Obama created. Obama shows he believes leadership is dictating and growing the size of govt. instead of actually motivating and encouraging a private sector. Reagan knew it, Obama doesn't have a clue
    Yeah, well, he also believe in shutting down Git'mo, ending the 'Bush (now BHO) tax cuts', etal...we see how all that went.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Dickieboy View Post
    That's true...from January 20, 1981 until August 4, 1981...a whole seven month...Whooo Hooo...good point.
    Reagan economic policy cut the rates to 28%, the 70% rate was Carter's and inherited. You do understand inheritance, don't you?

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Conservative View Post
    Top marginal rate under Reagan was cut to 28%
    True but he lowered the bracket so they were taxed 28% on more of their income (and it was only in 1988 that it passed)
    National Taxpayers Union - History of Federal Individual Income Bottom and Top Bracket Rates
    1981 69.125% 212,000
    1985 50% 165,480
    1988 28% 32,450
    So while they got a lower percentage, more Americans were taxed with higher rates - actually.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by Conservative View Post
    Right, Reagan really screwed up, doubling GDP, creating 17 million jobs and increasing govt. revenue by 69% with the tax rate cuts
    Yeah, good policy discussion. Well done Conservative. You sure know your history.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by whysoserious View Post
    Blah, blah blah. By the way:

    http://www.innlightmarketing.com/rec...Recessions.pdf
    Early 1980s recession 19801982 2 year

    Are you seriously using the opinion of a cite that the main mission is to consult on the marketing of Bed and Breakfast Inns for regions in California? You cited a paragraph below the link that said

    The Iranian Revolution sharply increased the
    price of oil around the world in 1979, causing
    the 1979 energy crisis. This was caused by the
    new regime in power in Iran, which exported oil
    at inconsistent intervals and at a lower volume,
    forcing prices to go up. Tight monetary policy
    in the United States to control inflation led to
    another recession. The changes were made
    largely because of inflation that was carried
    over from the previous decade due to the 1973
    oil crisis and the 1979 energy crisis
    to which there is no basis in reasonable fact that the hostage crisis was alone, and solely responsible for the rising price at the pump in the Carter administration. In fact, although I am sure that this had a pressure on the market, the rationing, and price controls that Carter foolishly tried to implement were a larger culprit of misery that the American people of the time underwent.

    j-mac
    Americans are so enamored of equality that they would rather be equal in slavery than unequal in freedom.

    Alexis de Tocqueville

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by whysoserious View Post
    True but he lowered the bracket so they were taxed 28% on more of their income (and it was only in 1988 that it passed)
    National Taxpayers Union - History of Federal Individual Income Bottom and Top Bracket Rates


    So while they got a lower percentage, more Americans were taxed with higher rates - actually.
    Revenue grew, jobs were created, GDP doubled yet in the liberal world that is a failure?

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by winston53660 View Post
    Sherlock there is not room to do that today!
    HUH?...not room? Ambigious.

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    Re: Republicans block Obama jobs bill

    Quote Originally Posted by whysoserious View Post
    Yeah, good policy discussion. Well done Conservative. You sure know your history.
    Lived it, worked it, and loved it

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