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Census finds record gap between rich and poor

Are the numbers true?

To the best of my knowledge, they came from a study done by J.P. Morgan Chase. What is totally ignored however is the affect Congress has on economic policy and the fact that the chart posted only goes to 2008 and doesn't cover 2009 on. Since 2008 3 trillion dollars has been added to the debt and Democrats controlled the purse strings. we are rapidly approaching debt at 100% of GDP and Obama supporters continue to look backwards to divert from the present.
 
Interesting that your chart goes to 2008. How does that look through 2010?
show us your more current chart ... but it should be pointed out to you that 2010 is not yet concluded
 
To the best of my knowledge, they came from a study done by J.P. Morgan Chase. What is totally ignored however is the affect Congress has on economic policy and the fact that the chart posted only goes to 2008 and doesn't cover 2009 on. Since 2008 3 trillion dollars has been added to the debt and Democrats controlled the purse strings. we are rapidly approaching debt at 100% of GDP and Obama supporters continue to look backwards to divert from the present.

you post a bunch of specific numbers by president going back to the beginning of the 1900's ... yet cannot offer a cite for those numbers
then your numbers must be found bull****, like the rest of your post
 
you post a bunch of specific numbers by president going back to the beginning of the 1900's ... yet cannot offer a cite for those numbers
then your numbers must be found bull****, like the rest of your post

LOL, got to love people calling themselves Independent that toe the liberal line and call anything that goes against that line bull****. thanks for the good laugh this morning. The problem is the results of this Administration isn't a laughing matter, 4 million more unemployed now than when Obama took office, higher unemployment on a month to month bases this year vs last when the recession ended, and 3 trillion added to the debt yet it is all about diversion from this record.
 
....there was nothing Bush proposed that caused the problems we faced...

That's not entirely accurate. Bush proposed several democrat plans. No child left behind, medicare prescription drugs, Bailout package.
 
That's not entirely accurate. Bush proposed several democrat plans. No child left behind, medicare prescription drugs, Bailout package.

nclb......unfunded.......prescription drugs.........debacle.
 
That's not entirely accurate. Bush proposed several democrat plans. No child left behind, medicare prescription drugs, Bailout package.

The bailout was in response to a situation and was passed by a Democrat Congress. I didn't support it but it did work now the question is where did the repayment of those bailout funds go?

Medicare Prescription drug program put the market into play and is a conservative plan to reduce the cost of Medicare. Treasury shows a reduction in the growth in the size of Medicare so something is working there. No Child Left Behind hurts the unions.
 
nclb......unfunded.......prescription drugs.........debacle.

LOL, yep, we need more Medicare spending and govt. involvement, what do the people know about managing their own prescription drug program and shopping for the lowest prices?
 
The crisis didn't begin the first day they took office, it took place 11 months later, plenty of time to do the damage. I posted GDP and jobs numbers which of course you ignored. I gave you the 2003-2007 GDP and it does seem that you lack a basic understanding of the way our govt. operates. The Democrat Congress controlled the legislative process thus the budget process. They could have stopped anything Bush did and you seem to blame Bush for the problems therefore tell me why they didn't do anything to stop him? There is a simple answer, there was nothing Bush proposed that caused the problems we faced and the Democrats were more concerned about winning the WH than preventing problems for the country.

Zip, you got your wish, a leftwing radical President and the results speak for themselves. If we had a pro growth, pro free enterprise, and not a pro big govt. Administration we would have 4-6% economic growth now and a massive cut in the unemployment numbers in the country thus more revenue to the govt. Instead we have 2% economic growth, millions of employees added to the Federal workforce, and trillions added to the debt. That seems to be the liberal definition of success. Why do you support this agenda?

The cries from the left is give us more time, more time to do what? If you spend trillions to stimulate the economy and you get these kind of results why would you step on the gas and saddle ourselves with more massive debt? We do not have an economy and never will have an economy to pay for thes kind of debt being generated.

The crisis started months/years BEFORE the Democrats took control of Congress. As the time line shows (you did look at it didn't you?) the unraveling started early in 2007. I believe that, with regard to trying to prevent the meltdown, Congress did everything that Bush asked them to.

I'm not exactly sure what you are trying to say other than you don't think much of people who are not as "conservative" as you. You seem determined to blame all problems on Democrats and claim that all successes are due to actions of Republicans. That, of course, is nonsense. You rail a the massive debt caused by the government trying to stop the loss of jobs. Yet, you have no solution to the problem other than "cut taxes" but the historical data (all of it, not just the cherry-picked data that The Heritage Foundation used) indicates that cutting income taxes is not correlated with job creation. It is much more complicated than that. The taxes that effect jobs most are the rates on investment - things like capital gains taxes and investment tax credits. Those spur wealth consolidation for the purpose of business creation.

In spite of your claims, Obama is not for raising taxes on everyone. He is just for letting the tax cuts for the wealthy expire. The evidence is, the wealthy are not in a recession and, according to the profit reports, large corporations are not in much of a recession either. Those groups are accumulating wealth, not spending it. Having their money sit in banks is not going to stimulate anything because people are not borrowing. If they won't spend it, we need the government to cause some of their money to be put into use. One use is to help reduce the deficit - although government borrowing does not seem to be having the crowding-out effect that it normally does, probably because of the willingness of the Chinese to buy it. The other use of this money is to spend on infrastructure. Regrettably, the last attempt at doing this was a disaster. The government gave lots of money to local governments in order to create jobs but the local governments used that money for other purposes. This means that the federal government may have to use a lot of those dreaded earmarks in order to achieve targeted results and prevent the diversion of funds by local governments as happened last time.

Finally, I'd rather spend trillions trying to stimulate the economy than to spend it fighting wars that we have no business fighting. Iraq was a lie. A big fat Republican administration lie. Obama was very generous when he came into office and said that he was not going to spend time investigating the actions of the previous administration. Actually, the Democrats were generous when they came in in 1997 in that they didn't investigate Bush and Iraq. I suspect that, should the Republicans gain control of either house of Congress, they will not be as magnanimous. Democrats didn't go after Bush for lying to us about Iraq and causing the deaths of 10's of thousands of people and thousands of American solders, not to mention the economic cost. Republicans, on the other hand, are willing to investigate when someone may have lied about getting a blow job.
 
zip98053;1059069533]The crisis started months/years BEFORE the Democrats took control of Congress. As the time line shows (you did look at it didn't you?) the unraveling started early in 2007. I believe that, with regard to trying to prevent the meltdown, Congress did everything that Bush asked them to.

Yet prior to the Democrats taking total control of the congress we had strong economic growth and job creation. Amazing how in 2007 it started coming unraveled and the Democrats in control of Congress did nothing to prevent it. Why?

I'm not exactly sure what you are trying to say other than you don't think much of people who are not as "conservative" as you. You seem determined to blame all problems on Democrats and claim that all successes are due to actions of Republicans. That, of course, is nonsense. You rail a the massive debt caused by the government trying to stop the loss of jobs. Yet, you have no solution to the problem other than "cut taxes" but the historical data (all of it, not just the cherry-picked data that The Heritage Foundation used) indicates that cutting income taxes is not correlated with job creation. It is much more complicated than that. The taxes that effect jobs most are the rates on investment - things like capital gains taxes and investment tax credits. Those spur wealth consolidation for the purpose of business creation.

The actions of free enterprise and capitalism always trump those of liberals who want to redistribute wealth. It isn't the government's job to create jobs, that belongs to the private sector. If that is what you learned in school you are part of the problem and not the solution. What you have a problem understanding is that it is the people's money first and that is what determines what they spend or where they invest. Interesting how you seem to buy liberal rhetoric and ignore liberal results.

In spite of your claims, Obama is not for raising taxes on everyone. He is just for letting the tax cuts for the wealthy expire. The evidence is, the wealthy are not in a recession and, according to the profit reports, large corporations are not in much of a recession either. Those groups are accumulating wealth, not spending it. Having their money sit in banks is not going to stimulate anything because people are not borrowing. If they won't spend it, we need the government to cause some of their money to be put into use. One use is to help reduce the deficit - although government borrowing does not seem to be having the crowding-out effect that it normally does, probably because of the willingness of the Chinese to buy it. The other use of this money is to spend on infrastructure. Regrettably, the last attempt at doing this was a disaster. The government gave lots of money to local governments in order to create jobs but the local governments used that money for other purposes. This means that the federal government may have to use a lot of those dreaded earmarks in order to achieve targeted results and prevent the diversion of funds by local governments as happened last time.

Obama is trying to pick winners and losers and that should be the job of the markets and not the govt. How much more money is going to the Federal govt because of increasing the taxes on the rich? Think about it, think the rich are going to sit back and take tax increases that do nothing but promote additional spending. The rich are going to take their businesses to states that have lower taxes to offset tax increases. Already happening here in TX. Caterpillar has moved plants here out of the high tax state of Illinios. What affect with that have on state revenue? Why do you buy the rhetoric of an administration that has yet to tell the truth. Name for me one economic prediction made by Obama that has been accurate?


Finally, I'd rather spend trillions trying to stimulate the economy than to spend it fighting wars that we have no business fighting. Iraq was a lie. A big fat Republican administration lie. Obama was very generous when he came into office and said that he was not going to spend time investigating the actions of the previous administration. Actually, the Democrats were generous when they came in in 1997 in that they didn't investigate Bush and Iraq. I suspect that, should the Republicans gain control of either house of Congress, they will not be as magnanimous. Democrats didn't go after Bush for lying to us about Iraq and causing the deaths of 10's of thousands of people and thousands of American solders, not to mention the economic cost. Republicans, on the other hand, are willing to investigate when someone may have lied about getting a blow job.
Of coruse you would as you buy rhetoric over substance. The wars haven't cost trillions but that is what the left has told you. Why don't you do some research? Why don't you explain why those liberal lies about Iraq are never discussed only Bush so called lies? When was the Iraq Liberation Act passed and signed.

Democrats didn't investigate Bush because they didn't want their quotes all over the media. They didn't want to see what they knew about Iraq. that is why they didn't investigate Bush and the year was 2007, not 1997. Interesting how it always is about the other party or other individuals lying and never about personal lies which liberals do every day to advance an agenda which has what affect on you?

I had three family members in Iraq and all three said we did the right thing. What is your personal experience regarding Iraq? You have much bigger problems to worry about than what happened 8 years ago. Your state is a disaster, "your" President has added 4 million to the unemployment roles, 3 trillion to the debt, and failed to get economic growth this year about 2%. He has said jobs were his top priorities but like everything else he has done it is rhetoric that lacks substance. Instead of focusing on ways to create jobs he focused on creating a job destroyer, healthcare reform. yes, I can see why you hate Bush, it keeps you from focusing on Obama and the disaster he is.
 
QUOTE Conservative

Donc, why do you support an Administration that has generated these kind of results?

I like backing a President that created more private sector jobs in one year, than his predecessor did in eight.


All I see from you is attacks on the past while ignoring the agenda of this Adminstration.


Evidently what you call an agenda is what others call fulfilling a campaign promise, such as health-care for 30+million American Citizens that don’t have access to it now.

Another “agenda” in winger eyes is pulling the nation from the precipice of a full-blown depression, rather than what is now referred to as the great recession. Looks like a pretty good agenda from this side of the chasm.

What is it that the majority in this country see that you don't?


What majority would you be referring to? :confused:


Seems that you want to continue to live in the past while ignoring the present and the economic policy that this leftwing President is implementing. Guess that is the only way you can justify your own vote and actions.

Your right, he should have doubled down on the stimulus spending. Hell, he wouldn’t have been any worse off in the polls if he had. Could be that he might have had a few more jobs he coulda pointed to; maybe that is on his agenda after the election. Maybe he should try a few “signing statements “. :rock



Here is something to think about

Here is a chart that shows past presidents and the percentage of each president's cabinet appointees who had previously worked in the private sector - you know, a real life business, not a government or teaching job.

1) T. Roosevelt 38%
2) Taft 40%
3) Wilson 52%
4) Harding 42%
5) FDR 50%
6) Truman 50%
7) Eisenhower 57%
8) Kennedy 30%
9) LBJ 37%
10)Nixon 53%
11)Ford 42%
12)Carter 22%
13)Reagan 59%
14)GHWB 51%
15)Clinton 37%
16)GWB 55%

And the Chicken Dinner Winner is:
OBAMA - 8%

These are the people who want to tell YOU how to run YOUR life! ONLY ONE IN TWELVE in the Obama Cabinet HAS EVER HAD A JOB in the private sector.

Hey, why not make this a thread; this would… maybe make a two pager.;)
 
I like backing a President that created more private sector jobs in one year, than his predecessor did in eight.

That is pretty funny, you have a great sense of humor. It appears that like "your" President, you make up numbers to suit your agenda.


Evidently what you call an agenda is what others call fulfilling a campaign promise, such as health-care for 30+million American Citizens that don’t have access to it now.

To bad the cost will be in the trillions according to CBO instead of actually cutting costs. You continue to buy the rhetoric, wonder why?

Another “agenda” in winger eyes is pulling the nation from the precipice of a full-blown depression, rather than what is now referred to as the great recession. Looks like a pretty good agenda from this side of the chasm.

Again, you buy the rhetoric, isn't it amazing that the so called pending depression ended in June 2009 according to NBER and that was before anything Obama could do was really implemented.



What majority would you be referring to? :confused:

Obama disapproval poll numbers.

Your right, he should have doubled down on the stimulus spending. Hell, he wouldn’t have been any worse off in the polls if he had. Could be that he might have had a few more jobs he coulda pointed to; maybe that is on his agenda after the election. Maybe he should try a few “signing statements “. :rock

Yet on a month to month basis the unemployment numbers are higher each month this year than last year when the recession ended. I am confused as to what exactly Obama did? Apparently you see what the majority in this country don't see as will be evidenced next Tuesday.


Hey, why not make this a thread; this would… maybe make a two pager


You have a problem responding to one page let alone two. Still waiting for accurate data as to why you are supporting Obama.
 
Why the five links to something to that no one besides yourself clicks on?

because wapo, lat, cnn, politico and cbs speak with so much more creditability

LOL!

This looks like a possible 94 midterm rerun. Clinton was weakened by a few blunders and of course the repugs...

what makes you think anyone would be interested in your little analyses, what gives you the creditability

why share personal opinions, where's the self respect in that

let the links do the talking, their observations are so much less personal

the unsupported opinions of any forums member are just all the more hot air

What majority would you be referring to?

Poll: Most Want Obama Fired In 2012 - Washington Whispers (usnews.com)

Your right, he should have doubled down on the stimulus spending. Hell, he wouldn’t have been any worse off in the polls if he had.

Just don't call it a 'stimulus' - Alexander Burns - POLITICO.com

Echo Chamber: The new S-word? - Alexander Trowbridge - POLITICO.com

you might want to open the last link, the video (after the 15 second commercial you're forced to watch at the beginning) is pretty funny

take care, y'all

enjoy tuesday
 
Yet prior to the Democrats taking total control of the congress we had strong economic growth and job creation. Amazing how in 2007 it started coming unraveled and the Democrats in control of Congress did nothing to prevent it. Why?

OK, so the President has nothing to do with setting policy and providing leadership. It is not his job to lead. Everything falls on the actions of Congress. I suppose that all of your dissatisfaction about the last two years is aimed at the Democratically controlled Congress and you attribute none of the wrong doing to Obama. Right?

I also assume that you will attribute anything good that happened in the Reagan administration to the Democratic House. Right? Or are your rules more selective. Is it a two out of three thing?


The actions of free enterprise and capitalism always trump those of liberals who want to redistribute wealth. It isn't the government's job to create jobs, that belongs to the private sector. If that is what you learned in school you are part of the problem and not the solution. What you have a problem understanding is that it is the people's money first and that is what determines what they spend or where they invest. Interesting how you seem to buy liberal rhetoric and ignore liberal results.

OK, if it is not the job of government to create jobs, why are you blaming Obama and the Democrats for job loses? If you mean wealth redistribution, do you mean the kind of redistribution that is the topic of this thread? The fact that the the wealth in this country is increasingly concentrated in the hands fewer and fewer. I would say that if you believe that this something that government should try to address and that the government should not try to fulfill their Constitutional mandate to secure the blessings of liberty to all Americans, then sir, I would say that this makes you a part of the real problem. Also, while regurgitate Fox talking points, its not good form to say that someone else not thinking independently.


Obama is trying to pick winners and losers and that should be the job of the markets and not the govt. How much more money is going to the Federal govt because of increasing the taxes on the rich? Think about it, think the rich are going to sit back and take tax increases that do nothing but promote additional spending. The rich are going to take their businesses to states that have lower taxes to offset tax increases. Already happening here in TX. Caterpillar has moved plants here out of the high tax state of Illinios. What affect with that have on state revenue? Why do you buy the rhetoric of an administration that has yet to tell the truth. Name for me one economic prediction made by Obama that has been accurate?

As Yogi said, "predictions are really hard, especially about the future." He did say that stepping in to help GM and Crysler was the right thing to do and, as it turns out, it was. We, the US government, actually has a chance of making a profit on that deal. He did say that we needed to have a stimulus package that cut taxes for 95% of the population. He got the Democratic Congress to pass that and I think that he was right as it had an immediate impact on slowing the decline of the GDP. He said that the other stimulus actions were necessary to stop the economy from shrinking and it stopped shrinking and is starting to grow again. Its getting better but I suspect that you aren't interested in admitting that he did anything right.

BTW, I'm still trying to figure out what went wrong with the Obama tax cuts. You claim that tax cuts cause job growth. Yet, we had a tax cut, no job growth. Go figure. Maybe its because he's left handed and only tax cut legislation signed by right-handed Presidents cause job growth.


Of coruse you would as you buy rhetoric over substance. The wars haven't cost trillions but that is what the left has told you. Why don't you do some research? Why don't you explain why those liberal lies about Iraq are never discussed only Bush so called lies? When was the Iraq Liberation Act passed and signed.

I'm sorry, what liberal lies about Iraq are you talking about? Yes, the Iraq Liberation Act was passed and signed under Clinton in 1998 when the Republicans controlled both houses of Congress. As we have already established, you lay the blame for actions of the government on the party in control of Congress. That was the method you chose to avoid having to admit that Bush had any culpability in the financial crisis.

Yep, I was guilty of exaggeration for emphasis in saying that the Iraq war cost trillions. In reality it is only about $900 billion. Mia culpa.

Democrats didn't investigate Bush because they didn't want their quotes all over the media. They didn't want to see what they knew about Iraq. that is why they didn't investigate Bush and the year was 2007, not 1997. Interesting how it always is about the other party or other individuals lying and never about personal lies which liberals do every day to advance an agenda which has what affect on you?

Your smugness is laughable.

I had three family members in Iraq and all three said we did the right thing. What is your personal experience regarding Iraq? You have much bigger problems to worry about than what happened 8 years ago. Your state is a disaster, "your" President has added 4 million to the unemployment roles, 3 trillion to the debt, and failed to get economic growth this year about 2%. He has said jobs were his top priorities but like everything else he has done it is rhetoric that lacks substance. Instead of focusing on ways to create jobs he focused on creating a job destroyer, healthcare reform. yes, I can see why you hate Bush, it keeps you from focusing on Obama and the disaster he is.

Well, my state isn't a disaster. There are parts that are doing quite nicely and others, where the jobs are mostly unskilled and semi-skilled are not doing so good.

I didn't go to Iraq and I don't have many close friends who went there. I appreciate the sacrifice that those people made but I don't need to defer to their opinion of whether that was the right thing to do. I served in the military during war and, even though I never had to enter combat, I think that I, like every other American, is still entitled to an opinion on the Iraq war. Saddam was a really bad person who was basically conducting a genocide against the Kurds. However, there are dictators in parts of Africa that are much worse. We aren't doing anything about them. Of course, those other assholes aren't sitting next to the worlds largest proven reserve of petroleum. The justification for us to go into Iraq was a sham. Without the case for WMDs, Bush/Chaney/Rumsfeld/Wolfowitz would never have been able to convince Congress to authorize ground actions in Iraq. I don't know if you have heard the news, but there were no WMDs in Iraq. It was a sham. Now, the major argument by the apologists is "well, Saddam was a bastard." BFD.

I don't hate Bush and I'm mad as hell at Obama (but not for the reasons that you are). What I do hate is hypocrites who refuse to accept that their "side" is not blameless. I hate it when the self-righteous claim every problem is the fault of the other side and every success is because of their side.

I don't think that Bush was a very good President but I don't vilify him. I use him only to try to bring attention to the duplicity of your arguments. You seem to find nothing but fault in any action by a Democrat and you castigate liberals and seem to think that Republicans and conservatives are without fault.
 
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zip98053;1059070624]OK, so the President has nothing to do with setting policy and providing leadership. It is not his job to lead. Everything falls on the actions of Congress. I suppose that all of your dissatisfaction about the last two years is aimed at the Democratically controlled Congress and you attribute none of the wrong doing to Obama. Right?

LOL, that is your argument? Obama with a Democrat Congress implementing a far left agenda that has generated these results is the responsibility of both the Congress and the President, just like the deficits during the Bush term were the responsibilities of Bush AND the Congress. Results matter, not rhetoric and the Obama rhetoric doesn’t match the results. None of his policies brought us back from the brink and none of his policies have made things better. Make no mistake these are the policies of Barack Obama and he takes credit for them every day. He is out of touch with reality.

I also assume that you will attribute anything good that happened in the Reagan administration to the Democratic House. Right? Or are your rules more selective. Is it a two out of three thing?

If you were around during the Reagan years you would know that he went around the Congress to the American people and the American people put pressure on the politicians to pass the Reagan Agenda. Remember Tip O’Neill who said all the Reagan budgets were DOA? I would have given Congress credit if they had kept their word on Gramm Rudman and illegal Immigration but they didn’t. Reagan also wanted the line item veto but that request was rejected as Congress wanted to spend all that money that the Reagan economy generated.

OK, if it is not the job of government to create jobs, why are you blaming Obama and the Democrats for job loses? If you mean wealth redistribution, do you mean the kind of redistribution that is the topic of this thread? The fact that the the wealth in this country is increasingly concentrated in the hands fewer and fewer. I would say that if you believe that this something that government should try to address and that the government should not try to fulfill their Constitutional mandate to secure the blessings of liberty to all Americans, then sir, I would say that this makes you a part of the real problem. Also, while regurgitate Fox talking points, its not good form to say that someone else not thinking independently.

Because Obama claims he has created jobs and he brought us back from the brink and that is a lie. He continues to blame Bush and ignores his contribution. His agenda is far left and out of touch with the mainstream. This country wasn’t built on the principles of redistribution of wealth as our economy isn’t a zero sum game where someone wins and someone loses. I contend that Obama and the liberal agenda keep people dependent and thus unable to really reach that American dream.

There is a reason that the gap is widening and that is due to the elimination of incentive and the massive social agenda by the left. I used to believe there are no consequences for failure in the liberal world but now realize what we have today are the consequences of that liberal agenda, dependence. What is keeping poor people poor? Lack of incentive and initiative! There is plenty of room at the top but as long as liberals play the class warfare game nothing is going to change.

As Yogi said, "predictions are really hard, especially about the future." He did say that stepping in to help GM and Crysler was the right thing to do and, as it turns out, it was. We, the US government, actually has a chance of making a profit on that deal. He did say that we needed to have a stimulus package that cut taxes for 95% of the population. He got the Democratic Congress to pass that and I think that he was right as it had an immediate impact on slowing the decline of the GDP. He said that the other stimulus actions were necessary to stop the economy from shrinking and it stopped shrinking and is starting to grow again. Its getting better but I suspect that you aren't interested in admitting that he did anything right.


Obama has said a lot of things, unfortunately none of them have been correct. You continue to believe the rhetoric and ignore the results. Results matter not rhetoric. I would have let GM fail but Obama couldn’t let his union leadership fail. GM wouldn’t have gone out of business, but they would have broken the unions.

The slow decline of reduction of GDP according to the Bureau of Economic Analysis began well before the Obama stimulus plan had any chance to succeed, a fact that most liberals want to ignore. 95% of the people didn’t get a tax cut because you cannot cut taxes on people that don’t pay Federal Income Taxes. That is another Obama lie that you continue to buy.


BTW, I'm still trying to figure out what went wrong with the Obama tax cuts. You claim that tax cuts cause job growth. Yet, we had a tax cut, no job growth. Go figure. Maybe its because he's left handed and only tax cut legislation signed by right-handed Presidents cause job growth.

Sorry but there were one time rebates that amounted to a drop in the bucket. I suggest you pay attention to the actual Obama tax cuts and the strings attached. Compare that to the Bush tax cut and you will see why they didn’t work.

Tax cuts

Total: $288 billion

[edit] Tax cuts for individuals

Total: $237 billion

• $116 billion: New payroll tax credit of $400 per worker and $800 per couple in 2009 and 2010. Phaseout begins at $75,000 for individuals and $150,000 for joint filers.[29]
• $70 billion: Alternative minimum tax: a one year increase in AMT floor to $70,950 for joint filers for 2009.[29]
• $15 billion: Expansion of child tax credit: A $1,000 credit to more families (even those that do not make enough money to pay income taxes).
• $14 billion: Expanded college credit to provide a $2,500 expanded tax credit for college tuition and related expenses for 2009 and 2010. The credit is phased out for couples making more than $160,000.
• $6.6 billion: Homebuyer credit: $8,000 refundable credit for all homes bought between 1/1/2009 and 12/1/2009 and repayment provision repealed for homes purchased in 2009 and held more than three years. This only applies to first-time homebuyers.[41]
• $4.7 billion: Excluding from taxation the first $2,400 a person receives in unemployment compensation benefits in 2009.
• $4.7 billion: Expanded earned income tax credit to increase the earned income tax credit — which provides money to low income workers — for families with at least three children.
• $4.3 billion: Home energy credit to provide an expanded credit to homeowners who make their homes more energy-efficient in 2009 and 2010. Homeowners could recoup 30 percent of the cost up to $1,500 of numerous projects, such as installing energy-efficient windows, doors, furnaces and air conditioners.
• $1.7 billion: for deduction of sales tax from car purchases, not interest payments phased out for incomes above $250,000.

Bush Tax cuts

Between 2001 and 2003, the Bush administration instituted a federal tax cut for all taxpayers. Among other changes, the lowest income tax rate was lowered from 15% to 10%, the 27% rate went to 25%, the 30% rate went to 28%, the 35% rate went to 33%, and the top marginal tax rate went from 39.6% to 35%.[3] In addition, the child tax credit went from $500 to $1000, and the "marriage penalty" was reduced. Since the cuts were implemented as part of the annual congressional budget resolution, which protected the bill from filibusters, numerous amendments, and more than 20 hours of debate, it had to include a sunset clause. Unless congress passes legislation making the tax cuts permanent, they will expire in 2011.

Look at the strings attached to the Obama tax cuts.

I'm sorry, what liberal lies about Iraq are you talking about? Yes, the Iraq Liberation Act was passed and signed under Clinton in 1998 when the Republicans controlled both houses of Congress. As we have already established, you lay the blame for actions of the government on the party in control of Congress. That was the method you chose to avoid having to admit that Bush had any culpability in the financial crisis.

Clinton signed the Act so it was bipartisan. As for the financial crisis, both parties were responsible. Suggest you read the comments of Barney Frank regarding the sub prime mortgages and Fannie and Freddie back in 2005

Yep, I was guilty of exaggeration for emphasis in saying that the Iraq war cost trillions. In reality it is only about $900 billion. Mia culpa.

Thank you. So you take that amount and divide it by the number of years, almost 8, a little over 110 billion a year so that cannot cause nor does it constitute most of the deficits.

Your smugness is laughable.

Yes, it is hard to be humble when you are right most of the time.

Well, my state isn't a disaster. There are parts that are doing quite nicely and others, where the jobs are mostly unskilled and semi-skilled are not doing so good.

Your state has 9% unemployment, a huge deficit, and a liberal govt. that continues to promote more spending all in the name of compassion. That is a disaster. Cost of doing business in Washington is too high and if it wasn’t for Boeing you would be in much worse shape.

I didn't go to Iraq and I don't have many close friends who went there. I appreciate the sacrifice that those people made but I don't need to defer to their opinion of whether that was the right thing to do. I served in the military during war and, even though I never had to enter combat, I think that I, like every other American, is still entitled to an opinion on the Iraq war. Saddam was a really bad person who was basically conducting a genocide against the Kurds. However, there are dictators in parts of Africa that are much worse. We aren't doing anything about them. Of course, those other assholes aren't sitting next to the worlds largest proven reserve of petroleum. The justification for us to go into Iraq was a sham. Without the case for WMDs, Bush/Chaney/Rumsfeld/Wolfowitz would never have been able to convince Congress to authorize ground actions in Iraq. I don't know if you have heard the news, but there were no WMDs in Iraq. It was a sham. Now, the major argument by the apologists is "well, Saddam was a bastard." BFD.

If it was a sham, then Democrats and Republicans both promoted it. Doesn’t really matter now as what is done is done. All this attention on the past simply diverts from the present.

I don't hate Bush and I'm mad as hell at Obama (but not for the reasons that you are). What I do hate is hypocrites who refuse to accept that their "side" is not blameless. I hate it when the self-righteous claim every problem is the fault of the other side and every success is because of their side.


I blame Obama and those that supported him. I read his resume and voted against him. I have been proven right. He was totally unqualified to be in that office as his resume shows zero management or leadership experience. He was and remains a community agitator. His claims that he will bring people together were more words as he has done the exact opposite. He has created and promoted two Americas and the results show that. Tuesday we will see what the rest of the country thinks.

I don't think that Bush was a very good President but I don't vilify him. I use him only to try to bring attention to the duplicity of your arguments. You seem to find nothing but fault in any action by a Democrat and you castigate liberals and seem to think that Republicans and conservatives are without fault.

Bush’s economic results were much, much better than they are portrayed. I find a lot at fault with Bush but I respect him, I respect his principles, and I respect his character. He stood by those principles and convictions and history will judge him accordingly.
 
There is a simple answer, there was nothing Bush proposed that caused the problems we faced and the Democrats were more concerned about winning the WH than preventing problems for the country.
I laughed so hard I almost wet myself.

You once said you were not a Republican or Democrat, you were a Conservative. Im calling BS. No conservative would say that President Bush had nothing to do with the economic situation we are in.
 
There is a simple answer, there was nothing Bush proposed that caused the problems we faced and the Democrats were more concerned about winning the WH than preventing problems for the country.
I laughed so hard I almost wet myself.

You once said you were not a Republican or Democrat, you were a Conservative. Im calling BS. No conservative would say that President Bush had nothing to do with the economic situation we are in.

I guess facts will always get in the way of your personal opinions. Tell me what Bush did to cause the economic situation?
 
There is a simple answer, there was nothing Bush proposed that caused the problems we faced and the Democrats were more concerned about winning the WH than preventing problems for the country.

I guess facts will always get in the way of your personal opinions. Tell me what Bush did to cause the economic situation?

Hey, you defend him like he is your brother. Its kinda creapy. Thats beside the point. Point is, as a conservative how can you defend the spending and massive government growth under President Bush. You cant. True conservatives hated the policy of the last administration. Thats why the Tea Party has had so much success.
 
Hey, you defend him like he is your brother. Its kinda creapy. Thats beside the point. Point is, as a conservative how can you defend the spending and massive government growth under President Bush. You cant. True conservatives hated the policy of the last administration. Thats why the Tea Party has had so much success.

I don't support the massive spending but know that it all was approved by the Congress. Some of it was for 9/11, some for Katrina, Rita, and Ike. Some of it was for the wars in Iraq and Afghanistan, and much of it was the normal adjustments to the entitlement programs over which Bush had no control. True conservatives had a choice, Gore or Kerry and true conservatives chose wisely.
 
I don't support the massive spending but know that it all was approved by the Congress. Some of it was for 9/11, some for Katrina, Rita, and Ike. Some of it was for the wars in Iraq and Afghanistan, and much of it was the normal adjustments to the entitlement programs over which Bush had no control. True conservatives had a choice, Gore or Kerry and true conservatives chose wisely.

Your just justifying the spending. A True conservative would never agree that the spending was acceptible. Congress was run by the Republicans the first six years when massive increases in spending took place.
 
Your just justifying the spending. A True conservative would never agree that the spending was acceptible. Congress was run by the Republicans the first six years when massive increases in spending took place.

The Republicans never had trillion dollar deficits. The massive spending increases took place when the Democrats took control of Congress but the worst deficits in U.S. history are 2009-2010.
 
The Republicans never had trillion dollar deficits. The massive spending increases took place when the Democrats took control of Congress but the worst deficits in U.S. history are 2009-2010.
Not according to Larry Kudlow and Dick Cheney....

Cheney is suddenly worried about "deficits" when Kudlow comes interviewing:

"Reagan proved deficits don't matter" - Dick Cheney 2002


debtg1.gif



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So where were you when Reagan turned this country into the world's largets debtor nation? Still watching cartoons?
 
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Not according to Larry Kudlow and Dick Cheney....

Cheney is suddenly worried about "deficits" when Kudlow comes interviewing:

"Reagan proved deficits don't matter" - Dick Cheney 2002


debtg1.gif



US-National-Debt-GDP.gif



So where were you when Reagan turned this country into the world's largets debtor nation? Still watching cartoons?

I don't get it, what makes these quotes or sources more accurate than the U.S. Treasury Dept. Website? So many people are quick to post articles while ignoring the checkbook of the United States. Doesn't really matter what someone else says as the Treasury data is what matters.
 
The Republicans never had trillion dollar deficits. The massive spending increases took place when the Democrats took control of Congress but the worst deficits in U.S. history are 2009-2010.

President Bush grew the deficite by almost double. How does that NOT qualifiy him as a massive spender and expander of the federal government.

If you want to talk deficit then President Clinton must be your favorite President.
 
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