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Thread: Census finds record gap between rich and poor

  1. #1221
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    Re: Census finds record gap between rich and poor

    =donc;1059086073]Then your saying that when the defects started popping in 2001 after the first bush tax cuts were what? Coincidence?

    You are indeed confused, the Bush tax cuts in 2001 were rebates, just like the Obama tax cuts. They were a one time payment which like all one time payments are nothing more than a one time stimulus. Once gone they are gone. The Bush withholding cuts came in July 2003. I suggest that instead of spending so much time here that you do some studying of history.

    Why are you desperately trying to jerk this discussion away from a subject that YOU STARTED which was…tax cuts boost the economy?
    I didn't start this thread but like all threads talking about gaps in pay and promoting class warfare they ignore the basic premise that people keeping more of their own money is better than the Federal Govt. taking more of the taxpayer money. Anyone that believes differently has been brainwashed. I don't believe anyone promoting higher taxes does their part in sending more of their own income voluntarily to the Federal Govt.

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    Re: Census finds record gap between rich and poor

    Dividends From Fannie and Freddie Surpass Aid

    WASHINGTON — The federal government made a profit of $1.1 billion in the third quarter on its huge bailout of the mortgage finance giants Fannie Mae and Freddie Mac, even as the two companies continued to lose money on bad loans.

    http://www.nytimes.com/2010/11/06/bu...html?src=busln
    Hmmm not such a bad result.

  3. #1223
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by winston53660 View Post
    Hmmm not such a bad result.
    LOL, just like the GM repayment and profit? Taking one bailout and paying for it by another bailout. Freddie and Fannie still have a huge debt being funded by the taxpayers. Apparently the NY Times missed that reality.

    http://www.bloomberg.com/news/2010-0...-trillion.html
    Last edited by Conservative; 11-06-10 at 12:50 PM.

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Conservative View Post
    LOL, just like the GM repayment and profit? Taking one bailout and paying for it by another bailout. Freddie and Fannie still have a huge debt being funded by the taxpayers. Apparently the NY Times missed that reality.

    You might try clicking the link and reading the article for once before you start your canned responses.

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by winston53660 View Post
    You might try clicking the link and reading the article for once before you start your canned responses.
    What matters is how can there be a profit when the bailouts continue and the costs rising

    Fannie Mae & Freddie Mac U.S. Taxpayer Cost Estimates Between $221 and $363 Billion | The Economic Populist

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Conservative View Post
    What matters is how can there be a profit when the bailouts continue and the costs rising

    Fannie Mae & Freddie Mac U.S. Taxpayer Cost Estimates Between $221 and $363 Billion | The Economic Populist


    You might try clicking the link and reading the article for once before you start your canned responses.

  7. #1227
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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by winston53660 View Post
    You might try clicking the link and reading the article for once before you start your canned responses.
    I have clicked on the link and read the link, suggest you do the same, both Freddie and Fannie are losing money requiring billions more in bailouts so until the bailouts stop there is no profit to the taxpayers.

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Conservative View Post
    I have clicked on the link and read the link, suggest you do the same, both Freddie and Fannie are losing money requiring billions more in bailouts so until the bailouts stop there is no profit to the taxpayers.

    The dividends are more than the money they need bright eyes.

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by winston53660 View Post
    The dividends are more than the money they need bright eyes.
    So instead of paying dividends why doesn't Freddie and Fannie use those dividends to require less bailout money?

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    Re: Census finds record gap between rich and poor

    Quote Originally Posted by Conservative View Post
    So instead of paying dividends why doesn't Freddie and Fannie use those dividends to require less bailout money?

    Does it really make any difference either way? The Feds still made a profit.

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