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Thread: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by ptif219 View Post
    Now you will say Obama did it?
    Of course not.... His stimulus was far too weak (should have been at least double) and does bare the brunt of some of this pain. However, championing "hands off" is childish.

    What were you thoughts on the Bush tax cuts? Please be very careful in your words.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by Lord Tammerlain View Post
    If the business did not want government to interfere then they should not have come crawling to the government for money.

    And yes lenders of money have the right to put conditions on the corporations to be able to get that money and to keep the loan. The government lent GM money, and felt that the CEO in charge was not the one that would see the government getting paid back, and said either he goes or no government money
    No this was a control freak doing a government take over. It was more like a socialist government than a republic form of government.

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by Goldenboy219 View Post
    Of course not.... His stimulus was far too weak (should have been at least double) and does bare the brunt of some of this pain. However, championing "hands off" is childish.

    What were you thoughts on the Bush tax cuts? Please be very careful in your words.
    The tax cuts helped business. The stimulus has not helped business.

    So you want to bankrupt the country?

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Whine whine

    Obama's a socialist because of bailouts

    But Bush is a conservative despite the bailouts


    Such idiocy and hypocrisy

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by Lord Tammerlain View Post
    Whine whine

    Obama's a socialist because of bailouts

    But Bush is a conservative despite the bailouts


    Such idiocy and hypocrisy
    Bush did bailouts Obama did takeovers.

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by ptif219 View Post
    Bush did bailouts Obama did takeovers.
    Bush did takeovers Recall Fannie and Freddie and AIG please

    Obama did Chrysler and GM, and what others?

    Also the Bush takeover have cost the American taxpayer far more then the Obama takeovers

    GM and Chrysler will cost about 50 billion

    AIG alone is over $180 billion
    Last edited by Lord Tammerlain; 02-16-10 at 08:10 PM.

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by Lord Tammerlain View Post
    Bush did takeovers Recall Fannie and Freddie and AIG please

    Obama did Chrysler and GM, and what others?

    Also the Bush takeover have cost the American taxpayer far more then the Obama takeovers

    GM and Chrysler will cost about 50 billion

    AIG alone is over $180 billion
    What stipulations did Bush put on the money? What people in these companies did Bush replace?

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by ptif219 View Post
    What stipulations did Bush put on the money? What people in these companies did Bush replace?
    The US government replace the CEO of AIG under the Bush admin

    The CEO of Fannie Mae under the Bush Admin

    and replaced the CEO of Freddie Mac under the Bush Admin

    Obama's admin just replaced the CEO of GM

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by ptif219 View Post
    The tax cuts helped business. The stimulus has not helped business.

    So you want to bankrupt the country?
    Ricardian equivalence held true!

    The Economic Growth and Tax Relief Reconstruction Act (EGTRRA) of 2001 gave rebate checks to taxpayers and cut tax rates substantially. From the first quarter to the third quarter, government saving fell $277 billion (at an annual rate) but private saving increased $180 billion, so national saving declined only $97 billion, so about 2/3 of the tax cut was saved.

    I take it that it matters to you very little.....
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

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    Re: Obama ‘Agnostic’ on Deficit Cuts, Won’t Prejudge Tax Increases

    Quote Originally Posted by Lord Tammerlain View Post
    The US government replace the CEO of AIG under the Bush admin

    The CEO of Fannie Mae under the Bush Admin

    and replaced the CEO of Freddie Mac under the Bush Admin

    Obama's admin just replaced the CEO of GM
    Did Bush do it?

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