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Thread: Obama announces his Candidacy for 2012.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Sheik Yerbuti View Post
    And you posted that number as being $228,000. That's what you believe each job cost us. That equates to 3.5 million jobs.
    Yep, that is what you get when you divide the cost of the Stimulus which was to create jobs by the number of jobs created or saved. Did you get your money's worth? Aren't those Obama economic results wonderful? Did you get one of those jobs?

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Conservative View Post

    So what is your point? How did Freddie and Fannie affect the mortgage market and where was their oversight? What does this have to do with the thread topic.
    Are you saying Bush pushed his record-breaking homeownership plan through without the oversight he felt was needed to prevent the financial collapse which ultimately occurred?? How irresponsible was that?

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by danarhea View Post
    You mean like GE? This year they paid a grand total of........

    Drum roll please.......

    Zero, and got money from the government on top of it.
    so the shareholders of GE who are citizens of the USA paid NO taxes on their dividends?

    what about all the payroll taxes?

    SS Payments?

    sales taxes?



    Oops



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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by lpast View Post
    Bush tried to get Fannie and Freddie mac the number one culprits in the home mortgage meltdown reformed but the democrat controlled house and senate would hear none of it...and that most disgusting barney frank fought it like the mutt that he is
    President Bush pushed to reform Freddie Mac and Fannie Mae between 2003 and 2005. During that time Democrats were the minority party in both chambers of Congress, so they didn't control the legislative.

    If you want to blame anyone maybe you ought to blame President Bush for a lack of leadership to get legislation passed when his party was the majority in both chambers. That's just weak on his part.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Conservative View Post
    Saw your post and still wonder what that has to do with the questions I asked? You want so badly to believe it was Bush's fault when the fault lies with individuals, agencies including Freddie and Fannie.
    You asked: "What economic policy did GW Bush implement that caused the financial crisis?" His policy was to look the other way when the banks were screwing their customers.

    The CRA has nothing to do with the financial crisis; it never forced banks to make risky loans, just lower rates. And it only involved community banks.

    You know damn well Bush wanted to offer no down payment loans.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Conservative View Post

    Congratulations you have once again derailed a thread by bringing up the past that has nothing to do with the thread topic or the Obama economic results.
    You're too funny!

    I was responding to your question!


    "What did Bush do to create the sub prime loans and selling homes to individuals who couldn't afford them?" ~ Conservative

    When I showed you what Bush did, you retreat to the same old tired tactic you resort to after losing an argument ... you whine that I'm off-topic.

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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Sheik Yerbuti View Post
    First of all, I would hardly define a 3 point increase, as "jacking up" taxes. Secondly, that is $250K after deductions; most likely, such a person is earning more like $300K to $400K. Thirdly, for someone paying tax on $250K, the increase on their tax burden at 39 amounts to an increase of $8,750. I can't believe people net more than $250,000 a year will struggle to pay an extra $8,750. And lastly, how on Earth are we ever going to pay down the debt, no less balance the budget, if we don't raise taxes on the wealthiest Americans? Cutting spending is an excellent idea, but cutting spending alone will not get the job done. One of my biggest beefs with Obama is that he extended the Bush tax cuts.
    but you are confused-sham wow wanted taxes on dividend income (which is often taxed TWICE) to go from 15% to 40% or so. You see most of the wealthy have lots of investment income and consequently the 3% increase on the rate for earned income (which means a 10% increase in the amount of taxes paid at the marginal rate) really is not accurate. why should someone who already pays more money than they use in services have to pay 8750 more when those who don't pay enough wont pay anymore?

    We won't pay down the debt as long as most people think the rich have the duty to pay for all the spending people like you want

    do the math-there are not enough rich americans to pay for all the crap politicians promise to people like you in return for your votes

    the only way to get the deficit under control is to create an environment where most americans demand the government spend LESS and that will not happen when the parasite enablers keep claiming the rich need to pay more--that only encourages the rest of america to want more spending since they don't have to pay for it



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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by dontworrybehappy View Post
    Hey, Theprof, sign in under your own screen name.
    whatever you say Hazlnut or is it Haymarket or Justabubba?



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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Sheik Yerbuti View Post
    If you understood the difference between "should" and "want" you probably would have understood the point being made.
    this is coming from someone who thinks that obama's schemes only would result in a 3% increase in taxes on the "rich"


    Trust me-I understand this issue far better than you ever will because I bet you aren't someone paying the top rates



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    Re: Obama announces his Candidacy for 2012.

    Quote Originally Posted by Spaceman_Spiff View Post
    President Bush pushed to reform Freddie Mac and Fannie Mae between 2003 and 2005. During that time Democrats were the minority party in both chambers of Congress, so they didn't control the legislative.

    If you want to blame anyone maybe you ought to blame President Bush for a lack of leadership to get legislation passed when his party was the majority in both chambers. That's just weak on his part.
    That's an interesting idea.

    Because the Democrats are so dishonest and incompetent, and of course hypocritical liars, it is the fault of the Republicans for not getting them under control and removing them from any serious responsibilities. I tend to agree, and perhaps the voters in the next election will also.

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