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Thread: Obamacare enrollment hits 7 million

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    Re: Obamacare enrollment hits 7 million

    Quote Originally Posted by Conservative View Post
    You really are something, a true liberal ideologue, Bush tax cuts were in two parts, the first was in 2001 and the second was in 2003, the first one happened before 9/11 and of course 9/11 hurt badly, then the real growth hit after July 2003 when the rest of the tax cut was implemented but of course that fact escapes you. You seem to have a serious problem with people keeping more of what they earn and a business doing the same thing. I wonder why?

    Your chart is typical leftwing propaganda that ignores context. Republicans took control of the entire Congress in January 2003 and from 2003-2006 we had strong economic growth and job creation. Bush lost because of the war, not the economy and the short thinking American public ignored the successes in Iraq in 2005-2006 and turned the govt. over to the Democrats



    Taking the GDP from 10.9 to 14.5 is strong economic growth

    Taking employment from 137 million to 146 million is something Obama can only dream about
    Like I keep telling you, you can't interpret your own numbers. And remember, those tax cuts stayed in place with Obama. Have you ever looked at anything else?


    For starters, given that all of these two-term presidents experienced better job growth without the assistance of the massive tax cuts for the wealthy provided by President George W. Bush, it certainly seems fair to note that a certain amount of job growth would have come during the years George W. was president—whether he had given us the tax cuts or not.

    The Truth About The Bush Tax Cuts And Job Growth - Forbes
    Last edited by Boo Radley; 04-12-14 at 02:46 PM.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obamacare enrollment hits 7 million

    Quote Originally Posted by Boo Radley View Post
    Like I keep telling you, you can't interpret your own numbers. And remember, those tax cuts stayed in place with Obama. Have you ever looked at anything else?


    For starters, given that all of these two-term presidents experienced better job growth without the assistance of the massive tax cuts for the wealthy provided by President George W. Bush, it certainly seems fair to note that a certain amount of job growth would have come during the years George W. was president—whether he had given us the tax cuts or not.

    The Truth About The Bush Tax Cuts And Job Growth - Forbes
    I posted the official govt. numbers from BEA.gov and BLS.gov, and you counter with a Forbes article. You don't even know what the Forbes Article addresses. I know what BEA and BLS address, economic growth and job creation

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    Re: Obamacare enrollment hits 7 million

    Quote Originally Posted by Conservative View Post
    I posted the official govt. numbers from BEA.gov and BLS.gov, and you counter with a Forbes article. You don't even know what the Forbes Article addresses. I know what BEA and BLS address, economic growth and job creation
    I know what they are, but you don't know what they mean. You make a connection that isn't there.


    The reality, of course, has been quite different. There is little evidence that the Bush tax cuts, or any other tax cuts directed at the so-called job creators, have had a noticeable effect on economic growth. And the promise of broadly shared prosperity has not been realized.

    Most of the gains from economic growth in recent decades have gone to the top of the income distribution while the inflation adjusted wages of the working class have been relatively flat. Furthermore, the tax cuts have not paid for themselves as promised, and it hasn’t even been close. The Bush tax cuts have already cost us trillions in revenue, and if they are extended for high income tax payers, they will cost us roughly another trillion over the next decade.

    Read more: Why the GOP Won't Admit Supply-Side Econ Has Failed | The Fiscal Times

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obamacare enrollment hits 7 million

    Quote Originally Posted by Boo Radley View Post
    I know what they are, but you don't know what they mean. You make a connection that isn't there.


    The reality, of course, has been quite different. There is little evidence that the Bush tax cuts, or any other tax cuts directed at the so-called job creators, have had a noticeable effect on economic growth. And the promise of broadly shared prosperity has not been realized.

    Most of the gains from economic growth in recent decades have gone to the top of the income distribution while the inflation adjusted wages of the working class have been relatively flat. Furthermore, the tax cuts have not paid for themselves as promised, and it hasn’t even been close. The Bush tax cuts have already cost us trillions in revenue, and if they are extended for high income tax payers, they will cost us roughly another trillion over the next decade.

    Read more: Why the GOP Won't Admit Supply-Side Econ Has Failed | The Fiscal Times
    I can see how much you love Forbes Articles from your previous post, wonder how you will like Forbes when it disagrees with you. Note how tax revenue went up after the Bush tax cuts were fully implemented and how that so called "tax cut for the wealthy" actually caused the wealthy to pay more in taxes. The Treasury confirms that Forbes Article but apparently you can more about the govt. getting more money and the people getting less. Now answer the question, did low income earners who paid taxes get a tax cut under Bush's tax cut?


    After Bush Tax Cuts, Payments By Wealthy Actually Increased - Forbes

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    Re: Obamacare enrollment hits 7 million

    Quote Originally Posted by Conservative View Post
    I can see how much you love Forbes Articles from your previous post, wonder how you will like Forbes when it disagrees with you. Note how tax revenue went up after the Bush tax cuts were fully implemented and how that so called "tax cut for the wealthy" actually caused the wealthy to pay more in taxes. The Treasury confirms that Forbes Article but apparently you can more about the govt. getting more money and the people getting less. Now answer the question, did low income earners who paid taxes get a tax cut under Bush's tax cut?


    After Bush Tax Cuts, Payments By Wealthy Actually Increased - Forbes
    Once again you misread. This isn't about creating jobs, but that the wealthy actually paid more taxes.

    So, if the top 0.1% of earners saw their tax bill increase 1,887 times more than the top 25-50% of earners (the income bracket that includes the average household income) and almost 14,000 times more than the bottom 50% of earners and if the top 1% of earners saw their tax bill increase 58 times more than the top 25-50% of earners and 414 times more than the bottom 50% of earners, where is the evidence that the wealthy were preferentially favored by the Bush tax policy changes?

    After Bush Tax Cuts, Payments By Wealthy Actually Increased - Forbes

    I highlighted the key part for you/

    And I have linked them 3 times I think, with on point articles, showing they agree with me. As does Business insider.

    Thus, there is little evidence to support that the Bush tax cuts had a significant effect on growth. In addition, contrary to the argument that the tax cuts would pay for themselves being made at the time the tax cuts were enacted, the deficit ballooned as a result of the tax cuts.

    Did the Bush Tax Cuts Lead to Economic Growth? - CBS News

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obamacare enrollment hits 7 million

    Quote Originally Posted by Boo Radley View Post
    Once again you misread. This isn't about creating jobs, but that the wealthy actually paid more taxes.

    So, if the top 0.1% of earners saw their tax bill increase 1,887 times more than the top 25-50% of earners (the income bracket that includes the average household income) and almost 14,000 times more than the bottom 50% of earners and if the top 1% of earners saw their tax bill increase 58 times more than the top 25-50% of earners and 414 times more than the bottom 50% of earners, where is the evidence that the wealthy were preferentially favored by the Bush tax policy changes?

    After Bush Tax Cuts, Payments By Wealthy Actually Increased - Forbes

    I highlighted the key part for you/

    And I have linked them 3 times I think, with on point articles, showing they agree with me. As does Business insider.

    Thus, there is little evidence to support that the Bush tax cuts had a significant effect on growth. In addition, contrary to the argument that the tax cuts would pay for themselves being made at the time the tax cuts were enacted, the deficit ballooned as a result of the tax cuts.

    Did the Bush Tax Cuts Lead to Economic Growth? - CBS News
    You are the one that said it was a tax cut for the wealthy and I just showed how the wealthy paid more in taxes and that tax revenue from income taxes went up. Apparently you don't understand that economic growth is what creates the atmosphere to create more jobs and more workers pay more in taxes but just like a liberal anything that allows the people to keep more of what they earn has to be stopped. Big govt good, people dependent good in the liberal world.

    I know this is hard for you to understand but the more you pay in taxes the more you are going to get in a tax cut but of course you seem to expect people who don't pay much in taxes deserve to make more from a tax cut, that would be welfare not a tax cut.

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    Re: Obamacare enrollment hits 7 million

    Quote Originally Posted by Conservative View Post
    I can see how much you love Forbes Articles from your previous post, wonder how you will like Forbes when it disagrees with you. Note how tax revenue went up after the Bush tax cuts were fully implemented and how that so called "tax cut for the wealthy" actually caused the wealthy to pay more in taxes. The Treasury confirms that Forbes Article but apparently you can more about the govt. getting more money and the people getting less. Now answer the question, did low income earners who paid taxes get a tax cut under Bush's tax cut?


    After Bush Tax Cuts, Payments By Wealthy Actually Increased - Forbes
    So now you think increasing tax revenues is A Good Thing!!

    You must love tax increases that result in increased tax revenues

    Oh wait!!
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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    Re: Obamacare enrollment hits 7 million

    Quote Originally Posted by sangha View Post
    So now you think increasing tax revenues is A Good Thing!!

    You must love tax increases that result in increased tax revenues

    Oh wait!!
    Yep, increasing tax revenue without raising taxes is always a good thing because it means more people are working and we have a vibrant economy. Thanks for your support.

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    Re: Obamacare enrollment hits 7 million

    Quote Originally Posted by Conservative View Post
    You are the one that said it was a tax cut for the wealthy and I just showed how the wealthy paid more in taxes and that tax revenue from income taxes went up. Apparently you don't understand that economic growth is what creates the atmosphere to create more jobs and more workers pay more in taxes but just like a liberal anything that allows the people to keep more of what they earn has to be stopped. Big govt good, people dependent good in the liberal world.

    I know this is hard for you to understand but the more you pay in taxes the more you are going to get in a tax cut but of course you seem to expect people who don't pay much in taxes deserve to make more from a tax cut, that would be welfare not a tax cut.
    Focus on the actual point being made. I said pick your tax cut, it made little difference to the economy. And I keep supporting that with different sources. Conservative sources. business sources.

    Analysis of six decades of data found that top tax rates "have had little association with saving, investment, or productivity growth." However, the study found that reductions of capital gains taxes and top marginal rate taxes have led to greater income inequality. Past studies cited in the report have suggested that a broad-based tax rate reduction can have "a small to modest, positive effect on economic growth" or "no effect on economic growth."

    Screen Shot 2012-09-16 at 11.15.58 AM-thumb-340x466-98936.jpg

    Tax Cuts Don't Lead to Economic Growth, a New 65-Year Study Finds - Derek Thompson - The Atlantic

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obamacare enrollment hits 7 million

    Quote Originally Posted by Conservative View Post
    Yep, increasing tax revenue without raising taxes is always a good thing because it means more people are working and we have a vibrant economy. Thanks for your support.
    Then you must have loved Clinton and his tax increases which led to increased govt revenues, more people working, and a vibrant economy. A trifecta!!

    Thanks for your support
    Quote Originally Posted by matchlight View Post
    Justice Thomas' opinions consistently contain precise, detailed constitutional analyses.
    Quote Originally Posted by jaeger19 View Post
    the vast majority of folks that need healthcare are on Medicare.. both rich and poor..

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