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Thread: More Democrats break with Obama on tax cuts

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Whovian
    You, um, DO realize that the exit strategy for Iraq was put in place by Bush... right? That Obama simply followed through with it? That it wsn't 'his' idea?

    If you're going to give Obama credit for the exit strategy in Iraq, I'm guessing you go along with Pelosi when she called the 'Bush Tax Cuts', the 'Obama Middle Class Tax Cuts' & at the same time, called for ending the 'Bush Tax cuts for the wealthy'... whcih were both just the original 'Bush tax Cuts'.
    Quote Originally Posted by jkohn51192 View Post
    You need to really get your facts staight. The Obama tax cuts, pelosi if reffering to, are the ones obama gave 95% of all working families, he used that crappy ol stimulus bill to give it to em.
    Incorrect. She was directly referring to the upcoming vote on 'extending' what are commonly called the Bush tax cuts.

    As House Democrats and Republicans jockey over whether to allow a continuation of tax cuts passed nearly a decade ago or whether to raise taxes next year on some Americans, House Speaker Nancy Pelosi said Thursday that she's all for "the extension of the Obama middle-income tax cuts."

    "What I believe the American people deserve is a tax cut for the middle class," Pelosi said during her weekly press briefing. "And without getting into procedure and timing and process, what we're going to do is to say at the end of the day, the extension of the Obama middle-income tax cuts will take place, and that's what I have to say on the subject."

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by jkohn51192 View Post
    ...Cowboy Diplomacy never works...
    Bend-Over-and-Take-it-Diplomacy works so much better. . After all, when you're feeling abused by your enemies, you can always take it out on your allies.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by jkohn51192 View Post
    Let me see if I've got this right.

    Wall Street goes on a drunken binge from 2001 to the crash in 2008. The Street is spurred by the removal of most regulations and by the creation of new financial devices like derivatives and credit default swaps. One hedge fund manager, a derivatives specialist, estimates that about two percent of the Street people who use derivatives really understand them. But no difference. You can use these devices and others like them to roll over deals like sub prime mortgages and sell them to the next customer -- and you take a big bonus as soon as the deals are made. The whole Ponzi-like scheme collapses in 2008. Some 8.5 million jobs are lost in 2008 and 2009 alone and several million people lose their homes. But the feds come to the rescue with a $700 billion payout in 2008, no strings attached. Wall Street recovers and in 2009 is again giving billions in bonuses. Now here's where it gets confusing ... Obama is the one responsible for all the jobs lost?
    As early as 2001, the Bush administration was warning about the government-sponsored enterprises that caused this crash (Fannie Mae, Freddie Mac).

    John McCain in 2005--"I join as a cosponsor of the Federal Housing Enterprise Regulatory Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. If Congress does not act, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system, and the economy as a whole."

    Democrats, including Obama, came to the rescue of Wall Street fat cats in 2008 with a $700 billion payout, no strings attached. Unfortunately, some republicans including McCain and Bush went along with the democrat plan. Short answer to your question is yes. Obama is partially responsible because he supports and voted for the policies that got us where we are.

    Throw in a $Trillion "stimulus" package that was all democrat and here we sit.

    Quote Originally Posted by jkohn51192 View Post
    Ok, so let me also get something straight, Obama gets out of Iraq(the unjust war), and Obama tries to finish the job responsible( because the last prez fked up and left early) and Obama is still getting hounded by deficit spending? ( We wouldnt have had to do this if Bush would have finished it in the first place)
    Obama gets out of Iraq by continuing Bush policies and time-frame...I'm just saying is all.

    Quote Originally Posted by jkohn51192 View Post
    Class warfare? So what were the bush tax cuts if they helped the richest 2% of people the most? Was it not class warfare? Borrow another trillion from our grandchildren( me & my children) so that we can give rich people more money? I don't think so.
    Not taking is not the same as giving, so in answer to your question, no. Not taking is not class warfare.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by FederalRepublic View Post
    Bend-Over-and-Take-it-Diplomacy works so much better. . After all, when you're feeling abused by your enemies, you can always take it out on your allies.
    No, actual diplomacy is a valid effort, something many hawks fail to recoginize. Smart people talk even to their enemies. Idiots refuse to talk and believe just blowing **** up will always fix things.

    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: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    You're better at the top of your list CP. I hope as you age you learn more, but you really know too little about people. If GM failed, the reprecussions on those in office would be far more than they will be now. Our leaders know this, and what you call for would never happen no matter who was in office. And being on unemployment isn't really keeping any real number from getting work. That's more a myth on the part of the complaining class.

    But, I would be interested in hearing from you in 20 or 30 years.
    NEWSFLASH.....GM did fail, took our money, and are in the process of failing all over again. Good going.

    "Unemployment compensation" decreases the motivation to do what needs to be done. Usually, that means moving, taking a pay cut, or doing a job you don't really want to do.

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by FederalRepublic View Post
    NEWSFLASH.....GM did fail, took our money, and are in the process of failing all over again. Good going.

    "Unemployment compensation" decreases the motivation to do what needs to be done. Usually, that means moving, taking a pay cut, or doing a job you don't really want to do.
    why do you say that?

    Originally Posted by johnny_rebson:

    These are the same liberals who forgot how Iraq attacked us on 9/11.


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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by FederalRepublic View Post
    NEWSFLASH.....GM did fail, took our money, and are in the process of failing all over again. Good going.

    "Unemployment compensation" decreases the motivation to do what needs to be done. Usually, that means moving, taking a pay cut, or doing a job you don't really want to do.
    Same as the other times they failed and we bailed them out. Bailing them out is not new. Nor limited to democrats bailing them. Only think obama did different is he tried to have a way to get our money back.

    And if he did not bail them out, again, the consequences would have been greater for him and democrats, just as it would have been had republicans been in charge. That's why no party would have "NOT" bailed them out.

    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: More Democrats break with Obama on tax cuts

    Quote Originally Posted by FederalRepublic View Post
    NEWSFLASH.....GM did fail, took our money, and are in the process of failing all over again. Good going.
    Please stop using the slow economy to justify your political fear mongering...

    GM is still keeping millions employed and still have the chance to recover. Jobs are the things that count now. Sooner or later people will ignore the contrived bad news and start buying again... Like always...

    ricksfolly

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    Re: More Democrats break with Obama on tax cuts

    more later than sooner, it appears

    Weak auto sales are latest sign of sluggish U.S. economy - Sep. 1, 2010

    "worst august since 1983"

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    Re: More Democrats break with Obama on tax cuts

    Quote Originally Posted by Boo Radley View Post
    No, actual diplomacy is a valid effort, something many hawks fail to recoginize. Smart people talk even to their enemies. Idiots refuse to talk and believe just blowing **** up will always fix things.
    Yes, smart people talk to their enemies. Smart people also know who there friends are. Idiots treat their enemies like friends and their friends like enemies. Their enemies don't respect them and their friends begin to hate them.

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