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Thread: Obama will not extend Bush tax cuts to wealthy

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    Re: Obama will not extend Bush tax cuts to wealthy

    this is clearly NOT what the executive idiot intended

    Obama Raises Prospects of New Economic Team - Washington Wire - WSJ

    u-n-c-e-r-t-a-i-n-t-y, the lone constant

    geithner and summers---and their families

    the klutz can't even get thru a townhall

    he doesn't know what he's doing

    embarrassed yet?

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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by OscarB63 View Post
    wouldn't be an issue if we hadn't pissed away all that stimulus $$$ that has created very few jobs in return.
    The money for the stimulus is an investment in America, the money spent in Iraq was pissed away
    big time.


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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by pbrauer View Post
    The money for the stimulus is an investment in America, the money spent in Iraq was pissed away
    big time.
    really? show me some of the returns on this "investment in America" then. At least we built a couple of schools, police stations, power plants, etc in Iraq.
    The best argument against democracy is a five-minute conversation with the average voter.

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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by OscarB63 View Post
    really? show me some of the returns on this "investment in America" then. At least we built a couple of schools, police stations, power plants, etc in Iraq.
    OMG, that just plain sick. We lost all those troops and many thousands more have life altering injuries so we can put schools, police stations and power plants in Iraq?


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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by phattonez View Post
    Yet people buy those products even though they could buy products from a family farm. Apparently to most people the increase in efficiency that results in lower cost is worth it.



    If microwaves were patented by one company and they priced them at $500,000 each you probably wouldn't get them and would just stick to your oven, wouldn't you?
    yes, people buy them and those selling make money, but that doesn't mean they are of quality. Mass producing, for example, made money and sold, but often the product was not as good as the artisan used to make. We can find many inferior products that sell, but that doesn't maen we're better for it.

    As to your second point, I might have to come somewhat down on a microwave becasue of conventional ovens, but not as far down as I would if other microwave producers were competing with me. If I were the only microwave producer, something cheaper than convertional ovens to make for the most part, instead of the current 50-200 dollars a misrcowave costs, I might be able to get away with a 300-500 dollar charge, even with conventional ovens competing.

    The market isn't magic, and I'm not certain of a good price, especially if there is a monopoly on something.

    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: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by OscarB63 View Post
    really? show me some of the returns on this "investment in America" then. At least we built a couple of schools, police stations, power plants, etc in Iraq.

    City of Los Angeles Department of Public Works employees repair a sidewalk on Aug. 12, 2010. California has been given more than $3.7 billion in stimulus funding to address transportation and infrastructure problems

    Read more: Transportation Stimulus: Where Did Federal Funding Go? - TIME

    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: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by Boo Radley View Post
    City of Los Angeles Department of Public Works employees repair a sidewalk on Aug. 12, 2010. California has been given more than $3.7 billion in stimulus funding to address transportation and infrastructure problems

    Read more: Transportation Stimulus: Where Did Federal Funding Go? - TIME
    Umm, apparently you didn't hear about the report by Wendy Greuel. She says "I'm disappointed that we've only created or retained 55 jobs after receiving $111 million." Might want to think again about bringing up Los Angeles as a stimulus success story.

    http://latimesblogs.latimes.com/lano...%28L.A.+Now%29

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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by Boo Radley View Post
    yes, people buy them and those selling make money, but that doesn't mean they are of quality. Mass producing, for example, made money and sold, but often the product was not as good as the artisan used to make. We can find many inferior products that sell, but that doesn't maen we're better for it.
    They quality was not as good, I admit that, but it allowed so many more people to buy it. Why are you second guessing the decisions of people? If people wanted the quality, they would buy it! People buy BMWs instead of Toyotas all the time despite the high price. They see the money spent there as worth it. If the family farms are failing it is because there are too many family farms justified by the current demand for the products they create.

    As to your second point, I might have to come somewhat down on a microwave becasue of conventional ovens, but not as far down as I would if other microwave producers were competing with me. If I were the only microwave producer, something cheaper than convertional ovens to make for the most part, instead of the current 50-200 dollars a misrcowave costs, I might be able to get away with a 300-500 dollar charge, even with conventional ovens competing.
    But you would not sell as many as you possibly could. Furthermore, we have no examples of this going on. The best you could do was Microsoft which did not even have exclusive control over operating systems. Another company could have and did come out with competing operating systems. A monopoly of the type that you're talking about? It's impossible without government privilege.

    Who shall ascend the hill of the Lord? And who shall stand in his holy place? He who has clean hands and a pure heart, who does not lift up his soul to what is false, and does not swear deceitfully. Psalm 24
    "True law is right reason in agreement with nature . . . Whoever is disobedient is fleeing from himself and denying his human nature [and] will suffer the worst penalties . . ." - Cicero

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    Re: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by phattonez View Post
    They quality was not as good, I admit that, but it allowed so many more people to buy it. Why are you second guessing the decisions of people? If people wanted the quality, they would buy it! People buy BMWs instead of Toyotas all the time despite the high price. They see the money spent there as worth it. If the family farms are failing it is because there are too many family farms justified by the current demand for the products they create.
    People get second guessed all the time. Not only is our quality less, but the effect on standard of living is less. Take the small town gorcer or shop own who made a good a living, owned property, and was a part of his community. When he went under, and the larger chain stores moved in, we moved more towards a wealthier person who lived elsewhere, wasn't really part of the community, and replaced good income with minimum wage. This doesn't help the community.

    My point is, the "market" didn't make us better. From the end of the small shop owner to rent to own to subprime, the market's magic is more shell game con than anything else.

    Now, it may be the best thing going. I'm not completely anti market. But, it's problems have led us to something less than complete capitalism.



    But you would not sell as many as you possibly could. Furthermore, we have no examples of this going on. The best you could do was Microsoft which did not even have exclusive control over operating systems. Another company could have and did come out with competing operating systems. A monopoly of the type that you're talking about? It's impossible without government privilege.
    Of course I could. I'd be the only game town, and at such a high profit level, I would be even less concerned about number. But I doubt I would see any noticable drop in sales. Nor do I believe I would need the government.

    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: Obama will not extend Bush tax cuts to wealthy

    Quote Originally Posted by phattonez View Post
    Umm, apparently you didn't hear about the report by Wendy Greuel. She says "I'm disappointed that we've only created or retained 55 jobs after receiving $111 million." Might want to think again about bringing up Los Angeles as a stimulus success story.

    L.A. controller says two city departments have yet to create many jobs with federal stimulus money | L.A. NOW | Los Angeles Times
    Why? That wasn't my point. HE said nothing was built. I took the first article on a search of things built.

    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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