Page 3 of 4 FirstFirst 1234 LastLast
Results 21 to 30 of 37

Thread: AIG exit plan to slash U.S. bailout costs-official

  1. #21
    Banned
    Join Date
    Jan 2010
    Location
    Canada, Costa Rica
    Last Seen
    05-16-16 @ 09:45 AM
    Gender
    Lean
    Independent
    Posts
    31,645

    Re: AIG exit plan to slash U.S. bailout costs-official

    Quote Originally Posted by PeteEU View Post
    Ahhh revisionist history at its finest.. Bush was already in the toilet in the polls... and yet defended by the right.. go figure!
    He was very far down in the polls yet defended by some in certain areas. though not necessarily the economy. There was the war in Iraq, for example, where he did get some strong support.

    So before you make comments about "revisionist history", you might want to think the matter through, as well as get more specific on the areas under discussion.
    Last edited by Grant; 10-02-10 at 09:47 AM.

  2. #22
    Banned
    Join Date
    Jan 2010
    Location
    Canada, Costa Rica
    Last Seen
    05-16-16 @ 09:45 AM
    Gender
    Lean
    Independent
    Posts
    31,645

    Re: AIG exit plan to slash U.S. bailout costs-official

    Quote Originally Posted by zip98053 View Post
    As far as I can see, all the Tea Party folks want to do is cut the spending that helps anyone other than them. Go ask one of those gray-haired TPers if they want to see their Medicare or SS cut and they will say something inane like "the government needs to leave my Medicare and SS alone" as if those aren't government programs (honest, I've seen them do this with my own eyes).
    Did you ever find out for yourself what "those gray-haired TPers" stand for?

    Here's some info.

    http://teapartypatriots.ning.com/
    Last edited by Grant; 10-02-10 at 09:48 AM.

  3. #23
    Sage
    PeteEU's Avatar
    Join Date
    Mar 2006
    Location
    Denmark
    Last Seen
    Yesterday @ 04:49 PM
    Gender
    Lean
    Centrist
    Posts
    29,090

    Re: AIG exit plan to slash U.S. bailout costs-official

    Quote Originally Posted by Grant View Post
    He was very far down in the polls yet defended by some in certain areas. though not necessarily the economy. There was the war in Iraq, for example, where he did get some strong support.

    So before you make comments about "revisionist history", you might want to think the matter through, as well as get more specific on the areas under discussion.
    LOL you are the one that brought it up by regurgitating a typical right wing falsehood. It was YOU that claimed that he was down in the polls due to the bailout, a clear and utter falsehood. He was down in the polls LONG before that. And yet all I pointed out that despite being down in the poll toilet at the time, most Republicans even on these boards and especially in the party... defended him tooth and nail regardless of the subject.
    PeteEU

  4. #24
    Banned
    Join Date
    Jan 2010
    Location
    Canada, Costa Rica
    Last Seen
    05-16-16 @ 09:45 AM
    Gender
    Lean
    Independent
    Posts
    31,645

    Re: AIG exit plan to slash U.S. bailout costs-official

    LOL you are the one that brought it up by regurgitating a typical right wing falsehood.
    It is not a "falsehood.

    As you might not know, it is usually the Middle that decides the elections in the United States, as it is most everywhere.

    While much of the middle was prepared to support him on the Iraq war, and other issues, they could not abide his bank bailouts and stimulus programs, and that's largely why Obama is going down in the polls as well.

    Why not deal with specifics rather than slogans?
    It was YOU that claimed that he was down in the polls due to the bailout, a clear and utter falsehood
    .

    As I just explained, it was not. That is when he began to lose the middle and why you see the Tea Party protesters out there today.. You really don't know much about US politics and it's not clear why you even bother commenting.

    He was down in the polls LONG before that.
    Yes, he was but for different reasons. It was the overspending where he lost the fiscal conservatives.

    And yet all I pointed out that despite being down in the poll toilet at the time, most Republicans even on these boards and especially in the party... defended him tooth and nail regardless of the subject.
    Oh they well might have done because a Left wing Brit hardly has any insight on American politics or politicians. You were probably stoned and all over the map.

  5. #25
    Guru
    Councilman's Avatar
    Join Date
    Apr 2009
    Location
    Riverside, County, CA.
    Last Seen
    11-04-11 @ 10:16 PM
    Gender
    Lean
    Conservative
    Posts
    4,454
    Blog Entries
    10

    Re: AIG exit plan to slash U.S. bailout costs-official

    Quote Originally Posted by Boo Radley View Post
    I always say, you are what you eat. Eat a lot of garbage, and you become garbage.

    Look, I don't know anyone, other than Bush and Reagan supporters who once told us the deficit was meaningless, who is arguing in favor of the deficit. Instead, many are noting the circumstances and perhaps arging this is the best we can do today. And some of us are arguing that if you really care about the debt, you have to call for reducing spending and raising taxes.
    Why is it Liberals and those claiming to Others are so quick to try to put works in others mouths.

    You have no earthly idea what anyone was doing or saying bout what happened back in the 80s and besides it is not a part of the facts in question today.

    It is so childish, it's like when 10 year old Jimmy gets caught stealing cherries off a tree and when he's confronted he says: 'Well oh yeah! Billy stole some Cookies."

    Obviously one thing has not one damn thing to do with the other. This comes under WT* Over.

    What would have happened had the Trifecta of Doom, Obama, Pelosi, Reid and the dumb ass Congress had not continued the mistake of the Bailouts, we would be where we are headed, no. Down the toilet because spending money you don't have on plans that don't work, while pushing for massive Tax Increases from the phony Health plan, and over Cap and Trade, that will further kill the job Market and either continue the rescission or push us into the planned result of Obama following the Cloward & Pevin Strategy.

  6. #26
    Guru
    Councilman's Avatar
    Join Date
    Apr 2009
    Location
    Riverside, County, CA.
    Last Seen
    11-04-11 @ 10:16 PM
    Gender
    Lean
    Conservative
    Posts
    4,454
    Blog Entries
    10

    Re: AIG exit plan to slash U.S. bailout costs-official

    One last post on this thread in answer to the BOGUS revisionist claims that Reagan caused some kind of economic problems here are some facts you can either digest or choke on.

    And think about the Leader of the Trifecta Of Doom, Obama's plans to tax hell out of us. Then get a grip and and help save us from the coming disaster and vote the bums out in Nov.

    Fact: Interest rates eased after Reagan slashed tax rates.

    The long-bond yield was 13.45 percent in 1981. By the time Reagan left office in 1989, it had dropped to 8.45 percent. Mortgage rates fell from 14.70 percent to 10.13 percent over the same period.

    Fact: Inflation cooled.

    In the year before Reagan's tax cuts took effect, the annual rate of consumer inflation was 13.5 percent. In the first year of his tax cut, 1981, inflation was 10.3 percent. In the second year, it was 6.2 percent. By the third and final year, 1983, inflation had dropped to 3.2 percent. When Reagan left office, inflation stood at a tame 4.8 percent.

    Fact: The economy reached full employment.

    Before Reagan's full tax-relief package took effect, the jobless rate hit 9.6 percent. But as tax cuts worked their magic in the economy, unemployment dropped every year after 1983, reaching a low of 5.3 percent in 1989.

    Tax cuts benefited minorities, too. The jobless rate among blacks plunged from 19.5 percent in 1983 to 11.4 percent in 1989.

    Fact: Government revenues nearly doubled after Reagan's sweeping tax cuts.

    Before his 25 percent across-the-board cut in individual income-tax rates went into effect, government receipts from individual income taxes trickled in at $244.1 billion. The year Reagan left office, they totaled $445.7 billion -- an 82 percent jump.

    In the tax-hiking, supposedly "fiscally responsible" '90s, by comparison, individual tax receipts rose a comparable 86 percent.

    More key, individual tax receipts grew at a compound annual rate of 6.9 percent from 1980 to 1989 (compared with a 7.1 percent rate from 1990 to 1999).

    Councilman out.

  7. #27
    Sage
    Lord Tammerlain's Avatar
    Join Date
    Jan 2010
    Last Seen
    Today @ 01:00 AM
    Lean
    Undisclosed
    Posts
    10,432

    Re: AIG exit plan to slash U.S. bailout costs-official

    Quote Originally Posted by Councilman View Post
    One last post on this thread in answer to the BOGUS revisionist claims that Reagan caused some kind of economic problems here are some facts you can either digest or choke on.

    And think about the Leader of the Trifecta Of Doom, Obama's plans to tax hell out of us. Then get a grip and and help save us from the coming disaster and vote the bums out in Nov.

    Fact: Interest rates eased after Reagan slashed tax rates.
    Which he then promptly increased by increasing Social Security taxes

    The long-bond yield was 13.45 percent in 1981. By the time Reagan left office in 1989, it had dropped to 8.45 percent. Mortgage rates fell from 14.70 percent to 10.13 percent over the same period.

    Fact: Inflation cooled.
    Not due to anything Reagan did, Paul Vocker raised the fed funds rate, caused a very large recession to get rid of inflation

    In the year before Reagan's tax cuts took effect, the annual rate of consumer inflation was 13.5 percent. In the first year of his tax cut, 1981, inflation was 10.3 percent. In the second year, it was 6.2 percent. By the third and final year, 1983, inflation had dropped to 3.2 percent. When Reagan left office, inflation stood at a tame 4.8 percent.
    again not due to anything Reagan did
    Fact: The economy reached full employment.

    Before Reagan's full tax-relief package took effect, the jobless rate hit 9.6 percent. But as tax cuts worked their magic in the economy, unemployment dropped every year after 1983, reaching a low of 5.3 percent in 1989.
    The tax cuts caused large government deficits, which caused US federal government debt as a % of GDP to increase by over 20% during the Reagan admin. It was the deficit spending that provided the majority of the growth during the Reagan admin, remove that spending and economic growth would have been minimal
    Tax cuts benefited minorities, too. The jobless rate among blacks plunged from 19.5 percent in 1983 to 11.4 percent in 1989.
    Not tax cuts, government stimulus

    Fact: Government revenues nearly doubled after Reagan's sweeping tax cuts.
    Yet government debt as % of GDP increased even faster

    Before his 25 percent across-the-board cut in individual income-tax rates went into effect, government receipts from individual income taxes trickled in at $244.1 billion. The year Reagan left office, they totaled $445.7 billion -- an 82 percent jump.

    In the tax-hiking, supposedly "fiscally responsible" '90s, by comparison, individual tax receipts rose a comparable 86 percent.

    More key, individual tax receipts grew at a compound annual rate of 6.9 percent from 1980 to 1989 (compared with a 7.1 percent rate from 1990 to 1999).

    Councilman out.

    The Reagan admin was not fiscally responsible, not by a long shot, it increased government debt as % of GDP not seen in the US since WW2. Nearly every admin from WW2 to the Reagan admin either lowered or generally maintained % debt to GDP (possible exception being Nixon. Carters record on that record is by far better then Reagan.
    Happy Hanukkah Cheerfull Kwanzaa
    Happy Christmas Merry New Year Festivus for the rest of us

  8. #28
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: AIG exit plan to slash U.S. bailout costs-official

    this thread isn't about bush and reagan

    why do you want to derail it?

  9. #29
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: AIG exit plan to slash U.S. bailout costs-official

    Quote Originally Posted by USA-1 View Post
    Bernanke and the top economic minds in the country said we would have gone into a depression worse than the Great One without the spending.
    well, it's not as if the chairmen and his clubby chums operate in a political vacuum

  10. #30
    Sage

    Join Date
    Jul 2009
    Last Seen
    05-16-15 @ 02:32 PM
    Lean
    Undisclosed
    Posts
    12,537

    Re: AIG exit plan to slash U.S. bailout costs-official

    Quote Originally Posted by Objective Voice View Post
    I'll give you the stimulus spending was all Obama, but since most economist say not even half of it has been spent yet (and even some Republicans are still arguing why all of the money hasn't been allocated to date), it just stands to reason that alot of the information about Obama spending (some, of which, hasn't even started yet, ie., appropriates yet to be acquired for health care reform legislation beyond what was authorized to start state high-risk pools), all this talk of spending under Obama is misleading at best.
    per the pollyannish report issued by the veep's office yesterday: 70% of recovery act money (we're not allowed to use the s-word) has been spent, 551B, creating or saving or accounting for with a ridiculous lack of credibility 1.5M jobs, at a cost of almost 400K per

    it was in the news

    washingtonpost.com

Page 3 of 4 FirstFirst 1234 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •