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Thread: U.S. Economy Shrinks By Most Since Great Recession in 1Q[W:487:681]

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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by imagep View Post
    No one can consistantly predict the economic future of anything. Seems like everytime I focus in on a particular event or situation, and then try to make a projection of the future based upon that one factor, I am wrong about 50% of the time.

    Of course when I am correct, I make claim to being an economic genius, and when I am incorrect, it's because of other factors which "distorted the market."
    I agree with that, since nobody has an absolute certainty of what the future holds. Things can change both rapidly and unpredictably in either direction.

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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Conservative View Post
    Reagan cut INCOME TAXES THREE YEARS IN A ROW!!!!! GET IT YET?? The taxes he raised were use taxes so if you didn't use the problem you didn't pay any more in taxes. ...
    He also significantly increased payroll withholding taxes (which he should have). Regardless of the excuses that you make for the increased taxes, those increases tended to offset the decreases. And the tax cuts benefited the wealthy far more than the middle class or poor.

    As far as Reagan winning 49 states, he did indeed purchase a lot of votes between the tax cuts and the spending. he had a keen eye for making good political moves.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Conservative View Post
    Actually according to you he gave people free money for after all doesn't all money belong to the govt? You own a business? Wow
    No, that was Bush who did that. the money was essentially free to the people who got it, it was created by the fed and distributed to virtually everyone with no work or production in exchange. That meets my definition of free.

    Money created from the fed never has to be repaid, the debt just keeps rolling over. it's our peculiar mechanism for creating money.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q[W:487]

    Quote Originally Posted by Conservative View Post
    I am waiting for any liberal who claims the 2009 deficit was Bush's to show me the Bush signature on the passed budget? I have been waiting now for 6 years but all I get is rhetoric and the basic lies.
    I'm not a liberal, so I can answer that question...

    2009 United States federal budget - Wikipedia, the free encyclopedia

    The United States federal budget for fiscal year 2009 began as a spending request submitted by President George W. Bush to the 110th Congress. The final resolution written and submitted by the 110th Congress to be forwarded to the President was approved by the House on June 5, 2008.[2] The final spending bills for the budget were not signed into law until March 11, 2009 by President Barack Obama, nearly five and a half months after the fiscal year began.
    So sure enough, Bush didn't sign it, but he did propose it. It was his concept, his baby. Obama did nothing but deliver it.

    Which is part of the reason that I constantly point out that there is virtually no difference between our two major parties. The obama policies are 99% the same as the Bush policies.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by greatar4 View Post
    I agree with that, since nobody has an absolute certainty of what the future holds. Things can change both rapidly and unpredictably in either direction.
    Welcome to Debate Politics. It's nice to see someone else who is a reasonable independent, and who is not held ideologically hostage to whatever political club they claim.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by imagep View Post
    He also significantly increased payroll withholding taxes (which he should have). Regardless of the excuses that you make for the increased taxes, those increases tended to offset the decreases. And the tax cuts benefited the wealthy far more than the middle class or poor.

    As far as Reagan winning 49 states, he did indeed purchase a lot of votes between the tax cuts and the spending. he had a keen eye for making good political moves.
    Yep, putting more money into savings and a retirement account certainly damaged the economy and hurt people. Guess 17 million jobs just isn't enough in your world which makes me wonder why Obama's job creation having less people employed today than when the recession began is to be applauded?

    I find it quite disturbing that as a business owner you don't realize that even you worked for the money that the govt. gave you back thus it isn't free, it was earned. Further yes, people with more spendable income might just even help you and your business but who knows. You seem to continue to be looking for that "free money" that the govt. has. Wonder where they got it?

    It is amazing how happy people were during the Reagan term and happy people seem to have voted with their wallets. That must drive liberals and people like you crazy. The more money people have the less need they have for big govt. programs.

    By the way I suggest you learn what your taxes fund. Payroll taxes fund SS and Medicare which by the way are trillions in debt

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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by imagep View Post
    No, that was Bush who did that. the money was essentially free to the people who got it, it was created by the fed and distributed to virtually everyone with no work or production in exchange. That meets my definition of free.

    Money created from the fed never has to be repaid, the debt just keeps rolling over. it's our peculiar mechanism for creating money.
    That would be welfare, and I continue to be amazed that people got more of their tax money back and you call that free money. Tax credits are a reduction in the taxes people pay and thus allow people to keep more of what they earn. That of course is a bad thing in the liberal world.

    The Reagan results speak for themselves. You want to tell me how tripling the debt which amounted to 1.7 trillion dollars that generated 17 million jobs, doubled GDP, grew Income tax revenue 40%, and created a peace dividend is a bad thing when that 1.7 trillion dollars was generated on a 5.2 TRILLION dollar economy??

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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q[W:487]

    Quote Originally Posted by imagep View Post
    I'm not a liberal, so I can answer that question...

    2009 United States federal budget - Wikipedia, the free encyclopedia



    So sure enough, Bush didn't sign it, but he did propose it. It was his concept, his baby. Obama did nothing but deliver it.

    Which is part of the reason that I constantly point out that there is virtually no difference between our two major parties. The obama policies are 99% the same as the Bush policies.
    Yes, Bush proposed a budget that projected a 500 billion dollar deficit and if enacted would have generated a 500 billion dollar debt especially if the TARP money had been returned to the Treasury with the interest paid instead of being recycled. you see, Obama knew he would get his minions to blame Bush so rather than have a 500 billion debt he had a 1.8 trillion debt and blamed Bush for it.

    Thanks for acknowledging that Bush didn't sign the 2009 budget therefore how could it be his deficit? Proposals mean nothing but If Obama didn't like the budget why did he sign it? when he signed it he accepted responsibility for the deficit he continues to blame Bush for.

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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Conservative View Post
    ...

    I find it quite disturbing that as a business owner you don't realize that even you worked for the money that the govt. gave you back thus it isn't free, it was earned.
    The free money checks were not based upon income taxes paid, so it's really not fair to pretend that they were tax rebates. They were indeed free money checks to the people who received them. If you sent me a check without asking anything from me in return, that would be free money to me. I fully recognize that there was a cost to you, but it is still free money to me.

    Further yes, people with more spendable income might just even help you and your business but who knows.
    Any time that my customers have more money, it does help me. Thats why I support cutting taxes.

    You seem to continue to be looking for that "free money" that the govt. has. Wonder where they got it?
    They printed it. Anyhow, I'm not advocating for free money, I expect to earn every penny that I get. I do not support subsidies or welfare.


    It is amazing how happy people were during the Reagan term and happy people seem to have voted with their wallets. That must drive liberals and people like you crazy. The more money people have the less need they have for big govt. programs.
    Sure, Reagan bought lots of votes with his tax cuts and huge deficit spending. So did George Bush.
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

  10. #620
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    Re: U.S. Economy Shrinks By Most Since Great Recession in 1Q

    Quote Originally Posted by Conservative View Post
    That would be welfare, and I continue to be amazed that people got more of their tax money back and you call that free money. Tax credits are a reduction in the taxes people pay and thus allow people to keep more of what they earn. That of course is a bad thing in the liberal world.

    The Reagan results speak for themselves. You want to tell me how tripling the debt which amounted to 1.7 trillion dollars that generated 17 million jobs, doubled GDP, grew Income tax revenue 40%, and created a peace dividend is a bad thing when that 1.7 trillion dollars was generated on a 5.2 TRILLION dollar economy??
    So if Obama was to announce that his newest economic stimulus program was to send out free money to everyone who filed an income tax form, regardless of if they paid any taxes or not, exactly like Bush did, you would support that?
    Quote Originally Posted by ocean515 View Post
    ...I'm not interested in debating someone who is trolling for an argument....
    Quote Originally Posted by Papa bull View Post
    I see a big problem with the idea that whatever the majority wants is OK.

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