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Thread: Obama to call for middle class tax cut extension

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by cpwill View Post
    the tax-exempt status of employer purchased healthcare is the main reason we see double-digit inflation year after year in that industry, and is the primary reason why middle class wages have been depressed off of their compensatory growth for the past couple of decades. It is long since past time we slayed that monstrous unintended consequence of FDR's wage controls.
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by MoSurveyor View Post
    You want REAL job creation instead of political bullchit? Get the housing industry back on track. Romney will be subsidizing the rich bastards anyway - we may as well make sure some Americans get employed with that money.
    Attempting to reinflate a bubble rather than allowing capital to reach it's actual value is not going to lead to steady economic growth or consistent job creation. The Housing Market is still sitting on a glut of supply - attempting to reinflate it is pushing on string. You want job growth? Unleash the energy industry.

    Though I like the "Romney will be subsidizing the rich bastards anyway" line; the combination of the denigration of the successful and the unproven implicit accusations of conspiracy really bring home the flavor of the modern day left.
    Last edited by cpwill; 07-22-12 at 10:04 AM.

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by MoSurveyor View Post
    From that famous right-wing rag The New York Times.

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by cpwill View Post
    From that famous right-wing rag The New York Times.

    You really should read a bit more of your links and a bit about the author of the linked article. Prof Reinhardt says the primary reason for the high cost of healthcare in America is administrative costs, which at present take 24%+ of every dollar spent. This is twice the rate spent in Canada, yet those who oppose Obamacare have complained about the 20% maximum administration rate in the plan because it takes money away from investors.

    OnPBS's Frontline show, Prof Reinhardt said that if administrative costs were cut in half, down to Canada's rate, enough money would be saved to pay for all of the uninsured.
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Somerville View Post
    Prof Reinhardt says the primary reason for the high cost of healthcare in America is administrative costs, which at present take 24%+ of every dollar spent.
    Yes, doctors offices and hospitals need a whole administrative staff to keep up with and make sure they are following all the red tape that GOVERNMENT has laid upon them. And yet people think it is GOVERNMENT that is the answer, when they have mostly been the problem.
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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Arbo View Post
    Yes, doctors offices and hospitals need a whole administrative staff to keep up with and make sure they are following all the red tape that GOVERNMENT has laid upon them. And yet people think it is GOVERNMENT that is the answer, when they have mostly been the problem.

    A small redo of the comment that I think more accurately reflects reality

    Yes, doctors offices and hospitals need a whole administrative staff to keep up with and make sure they are following all the red tape that INSURANCE COMPANIES laid upon them. And yet people think it is ONLY Private businesses that are the answer, when they have mostly been the problem.


    also, one's political bias does tend to make one post silly comments: "Administrative costs" in this instance are primarily those of the insurance industry, 22-25% of total cost of private insurance. In contrast, government-funded health care, VA, Medicare, Medicaid, administrative costs run between 3% and 7%
    “And I have no doubt that every new example will succeed, as every past one has done, in shewing that religion & Govt will both exist in greater purity, the less they are mixed together.”
    ~ James Madison, letter to Edward Livingston, July 10, 1822

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by Somerville View Post
    A small redo of the comment that I think more accurately reflects reality

    Yes, doctors offices and hospitals need a whole administrative staff to keep up with and make sure they are following all the red tape that INSURANCE COMPANIES laid upon them. And yet people think it is ONLY Private businesses that are the answer, when they have mostly been the problem.


    also, one's political bias does tend to make one post silly comments: "Administrative costs" in this instance are primarily those of the insurance industry, 22-25% of total cost of private insurance. In contrast, government-funded health care, VA, Medicare, Medicaid, administrative costs run between 3% and 7%
    I would like to see your sources on that. I have seen documentaries (even on leftist media) and other media where doctors have often complained about "administrative costs" but they always point out Medicare/Medicaid not insurance companies. They do complain about insurance companies, primarily the cost of malpractice insurance.

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by MoSurveyor View Post
    Right now, with the housing industry in it's current position, that's a VERY poor stance to take. If anything the housing industry could use a little help right now.
    And exactly how do we help the housing industry? Face it, it will never return to level it was and until the glut of pre-existing homes is cleared up, there really is no way to return jobs to construction. Many of these individuals who work in that sector are just going to have to find different work. Recovery in this market sector is just going to take a very long time. This is not even a problem in all areas, in my local area, housing contruction is still going on at a pretty good pace, but we never really crashed either. The only way those areas affected are going to recover soon to any level is if they somehow recreated the conditions that caused the bubble, but creating a new bubble just means it will burst latter down the road, not a good idea.

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by MoSurveyor View Post
    You want REAL job creation instead of political bullchit? Get the housing industry back on track. Romney will be subsidizing the rich bastards anyway - we may as well make sure some Americans get employed with that money.
    The housing industry cannot get back on track until median wages and the housing price index get in better shape. The cost of a house needs to be in the 2.5 to 2.9 multiplier of median income to get sales going again. They still arent. Wages are still low, and likely to remain that way as well as hiring---IE housing prices will not be rising because there are not many buyers right now. You cant mandate something to grow, there are enough tax breake built into the housing market, the prices are still high in comparison to median wages.

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    Re: Obama to call for middle class tax cut extension

    Quote Originally Posted by DVSentinel View Post
    And exactly how do we help the housing industry?
    First off people (especially liberals) need to understand why the housing industry is having problems.

    American manufacturing jobs were sent to China because of all the outrageous demands made by unions. All these people were now out of work and couldn't pay their mortgages. The goofy union members still don't realize they are at fault for this.

    If we change our environmental and labor laws, we might be able to get some of those jobs back.
    Last edited by johnny_rebson; 07-22-12 at 01:14 PM. Reason: typo

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