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Thread: Obama to call for new tax increases in State of the Union address

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    Re: Obama to call for new tax increases in State of the Union address

    imagep;1064236656]Glad to see that you have now come to realize that deficit spending is stimulative to the economy. I didn't know you were such a Keynesian.
    What deficit spending? Where is the spending in the Reagan stimulus??


    That's pretty pathetic isn't it? Even Carter had better economic performance.
    You are pretty good at revising and ignoring History and the double dip we had thanks to Carter who today is recognized as one of the worst President's we had. Apparently you were riding a bike during the Carter Years and not sitting in the gasoline lines nor paying the 17.5% interest rates to buy a home

    Better tell that to BLS because they don't show that kind of numbers especially comparing the numbers when the recession began to where we are now. Obama took over an economy that was coming out of a recession and made it worse. Reagan took over an economy that was going into recession and made it better.

    When the recession began we had 146 million working Americans and today we have 147 million working Americans compared to Reagan's 99 million working Americans when the recession began to the 107 million working Americans at the end of his first term and 116 million at the end of his second term. Think we will get to 163 million working Americans when Obama leaves office?

    For someone who didn't vote for Obama you sure are doing your best to distort his record, why?

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by imagep View Post
    ...doesn't support your rhetoric.
    How you coming on posting those cherry picked numbers you claim I use? I posted actual numbers during the period of time, why shouldn't I as that is what people actually experienced

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Conservative View Post
    Interesting since BEA disagrees

    I don't use inflation adjust numbers because it was debt and GDP at the time not in 2005 numbers and debt service isn't inflation adjusted numbers

    Reagan took office with employment at 99 million and left it at 116 million

    Reagan took office with GDP at 2.8 trillion and left it at 5.6 trillion

    Reagan took office with FIT being at 250 billion at the end of 1980 and 450 billion after he left office in 1989

    Seems research isn't a strength of yours as you don't really understand the numbers you post

    LMAO
    !


    When Reagan "took office" GDP was 3.2T, not 2.8. It was 3.0T before he was even elected. LMAO at you calling me out.

    Further, presidential runs have never (well until "the black guy") used an existing/incoming fiscal year data upon inauguration.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Conservative View Post
    What deficit spending? Where is the spending in the Reagan stimulus??
    Quote Originally Posted by Conservative View Post
    Reagan's deficits created 17 million jobs that grew FIT 60 Plus %, doubled GDP, and created a peace dividend. Debt was 50% of GDP. Bush added 4.9 trillion to the debt, grew FIT 35%, increased GDP by 4.5 trillion dollars and had debt at 73% of GDP. Want to compare what Obama has done?



    You are pretty good at revising and ignoring History and the double dip we had thanks to Carter who today is recognized as one of the worst President's we had. Apparently you were riding a bike during the Carter Years and not sitting in the gasoline lines nor paying the 17.5% interest rates to buy a home



    For someone who didn't vote for Obama you sure are doing your best to distort his record, why?


    why don't you worry about distorting your own record.
    ?

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by SlevinKelevra View Post
    LMAO
    !


    When Reagan "took office" GDP was 3.2T, not 2.8. It was 3.0T before he was even elected. LMAO at you calling me out.

    Further, presidential runs have never (well until "the black guy") used an existing/incoming fiscal year data upon inauguration.
    Interesting how BEA.gov disagrees with you

    Table 1.1.5. Gross Domestic Product
    [Billions of dollars]
    Bureau of Economic Analysis
    Last Revised on: December 23, 2014 - Next Release Date January 30, 2015

    Line 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989
    1 Gross domestic product 2862.5 3211 3345 3638.1 4040.7 4346.7 4590.2 4870.2 5252.6 5657.7
    As for the recession which turned out to be a double dip according to NBER the second began in June 1981 before the Reagan economic plan was passed and it ended in November 1982 so yes I am calling you out for not understanding the numbers you are posting
    Last edited by Conservative; 01-25-15 at 12:39 PM.

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Conservative View Post
    Interesting how BEA.gov disagrees with you



    As for the recession which turned out to be a double dip according to NBER the second began in June 1981 before the Reagan economic plan was passed and it ended in November 1982 so yes I am calling you out for not understanding the numbers you are posting
    http://www.bea.gov/iTable/iTable.cfm...14&910=x&911=0


    1980Q3: 2.86T
    1980Q4: (when he was elected) 2.99T
    1981Q1: (when he took office) 3.13T

    I will admit that I don't know where the missing 7B are between BEA and stlouisfed (my source),
    but your claim that he doubled the GDP from 2.8 to 5.6T is completed RUINED by the very source you claim (yet funny you never link to it, as I do)


    Further, by your standards of wanting to use Q3 of 1980, let's look at Q3 of 1988. Ooops, it's only 5.3T. Where did the 5.6T come from, Q2 (of all things LMAO) of 1989.

    Why are you using 1980 to start your Reagan analysis, and 1989 to finish it?

    Do you like being outed as a completely dishonest hack?

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by SlevinKelevra View Post
    http://www.bea.gov/iTable/iTable.cfm...14&910=x&911=0


    1980Q3: 2.86T
    1980Q4: (when he was elected) 2.99T
    1981Q1: (when he took office) 3.13T

    I will admit that I don't know where the missing 7B are between BEA and stlouisfed (my source),
    but your claim that he doubled the GDP from 2.8 to 5.6T is completed RUINED by the very source you claim (yet funny you never link to it, as I do)


    Further, by your standards of wanting to use Q3 of 1980, let's look at Q3 of 1988. Ooops, it's only 5.3T. Where did the 5.6T come from, Q2 (of all things LMAO) of 1989.

    Why are you using 1980 to start your Reagan analysis, and 1989 to finish it?

    Do you like being outed as a completely dishonest hack?
    Reagan economic policies were in effect in 1989 with GHW Bush in office. I really don't care if you back out 1989 and forget 1981, the GDP growth was significant, the job creation incredible and the economic boom substantial. So knit pick, divert but the reality is the Reagan economic stimulus was allowing people to keep more of what they earned and that is what changed the economic attitude in this country and led to the economic boom we experienced for the next 20 years.

    People like you have no business calling anyone else an dishonest hack because most of us see you for exactly who and what you are

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by Conservative View Post
    Reagan economic policies were in effect in 1989 with GHW Bush in office....
    Yet you have denied many times that Bush policies were in effect in 2009, and claim that the deficit in that the last fiscal year that Bush was president in should be counted as an Obama fiscal year.

    I have to give you credit for being a great debater, even if you are a dishonest one.
    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: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by imagep View Post
    Yet you have denied many times that Bush policies were in effect in 2009, and claim that the deficit in that the last fiscal year that Bush was president in should be counted as an Obama fiscal year.

    I have to give you credit for being a great debater, even if you are a dishonest one.
    The first of the Bush rebates came in June of 2001 and what you and others want to ignore is that Obama signed the fiscal year 2009 budget. History and reality don't seem to be a strong suit of yours.

    You somehow want to believe that Bush created the 2009 deficit from October 1, 2008 to January 2009 operating on continuing resolutions from the 2008 budget just like you want to ignore that TARP(A LOAN) was included in the CBO Projections and although most of it was repaid in 2009 that credit never hit the budget because it was recycled by Obama and thus turned into an expense. Obama knew that people like you(even though you claim you didn't vote for him) would ignore that reality and blame Bush for the 2009 deficits. Interesting how you and others want to focus on 2009 but ignore the trillion dollar deficits in in 2010-2011-2012. Wonder why?

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    Re: Obama to call for new tax increases in State of the Union address

    Quote Originally Posted by imagep View Post
    Yet you have denied many times that Bush policies were in effect in 2009, and claim that the deficit in that the last fiscal year that Bush was president in should be counted as an Obama fiscal year.

    I have to give you credit for being a great debater, even if you are a dishonest one.
    Need to step in a throw a flag for unfairness- 15 yards! Sounds like you are trying to mix things to your liking. Not sure anyone said that many Bush policies, such as the tax cuts were not in effect in 2009. What is fair to say is that in fiscal, to which you allude the stimulus was added AFTER Bush left office. Now would we have had a large deficit had we used the Bush budget without the stimulus yes. Would Bush have tried his own stimulus, albeit in different form, probably yes.

    Funny how this site starts a thread about proposed future actions Obama wants and devolves almost always into looking back at Bush.

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