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Thread: Financial Reform Talks Near Collapse, Some GOPers Threaten To Defect

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    Re: Financial Reform Talks Near Collapse, Some GOPers Threaten To Defect

    Quote Originally Posted by lizzie View Post
    Jobs were leaving the US long before the Bush years. That aside, I thought you might be interested in reading this (just for informational purposes):

    "Shipping Jobs Overseas" or Reaching New Customers? Why Congress Should Not Tax Reinvested ... | Daniel Griswold | Cato Institute: Free Trade Bulletin
    So you were just born on 01/20/2009? In that case you probably missed the history of this country's tax rate. You see, companies, citizens and the economy did just fine before outsourcing and -40% corporate tax rates. That history also shows what has happened to the country since 1981. Maybe you should read some of that history... from both sides.

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    Re: Financial Reform Talks Near Collapse, Some GOPers Threaten To Defect

    Quote Originally Posted by NoJingoLingo View Post
    You seem to have down all the rightwing talking points about the Carter admin.

    Unfortunately you don't have some of your "facts" straight.

    Are you sure about that? What were the income and business tax rates at the end of Nixon/Ford admin and what were they at the end of Carter admin?

    Please explain how Carter was responsible for the '73 and '79 oil shortages.


    Please explain when and how they suddenly became out of control during the Carter admin.


    Please describe how Carter caused it to suck and when it started to suck.


    Please explain how the Carter admin reduced manufacturing and compare the level in 1975 and 1980


    What jobs moved to China between 01/20/1977 and 01/20/1981


    What policies would that be?


    From the beginning, this administration has had strong free-trade and pro-outsourcing stances, citing its ability to increase efficiency and productivity. Bush's policy believes that outsourcing is a positive transaction that will enrich the US economy in the long-run, even if it causes short-run pain and dislocation for those whose jobs are outsourced. N. Gregory Mankiw, chairman of Bush's Counicl of Economic Advisors expressed this point of view saying, "Outsourcing is just a new way of doing international trade."
    Policy / Economics of Outsourcing

    What tax cut period did hiring go up?

    Why would anyone waste their time trying to explain anything to you as you would ignore it? Facts don't matter to those who are economically challenged and are looking for someone else to blame for their own personal problems.

    Regardless of what you think, you really aren't smarter than anyone else so if you can be successful so can millions of others without govt. help.

    In spite of what you feel you cannot reform the financial institutions without reform for Fannie Mae and Freddie Mac just like you cannot hold private business responsible for the same things bureaucrats are doing with taxpayer dollars. We have a 13 trillion dollar debt and rising so those bureaucrats need to get the people's house in order before raking CEO's of private business over the coals.

    Every post of yours ignores the real problem which indicates to me you have an agenda. Tell us what that agenda is as it certainly isn't to benefit the average American.

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    Re: Financial Reform Talks Near Collapse, Some GOPers Threaten To Defect

    Quote Originally Posted by UtahBill View Post
    But how about avoiding these downturns? Seems to me that we had a good economy during times of much higher tax rates...
    Not with the same growth rates.

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    Re: Financial Reform Talks Near Collapse, Some GOPers Threaten To Defect

    Quote Originally Posted by reefedjib View Post
    Not with the same growth rates.
    Do we need high growth rates? Isn't that part of the problem?
    Surely a steady, even if slow, growth rate is preferred to wild oscillations?
    Oracle of Utah
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    Re: Financial Reform Talks Near Collapse, Some GOPers Threaten To Defect

    Quote Originally Posted by LaMidRighter View Post
    That's about the extent of Democrat financial and economic knowledge. I am fully convinced these elected Democrat officials are under equipped for higher level thinking, or basic thinking for that matter.
    Which only means they have a lot in common with GOP elected officials.
    Wow. Am I awesome or what?

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    Re: Financial Reform Talks Near Collapse, Some GOPers Threaten To Defect

    Quote Originally Posted by UtahBill View Post
    Do we need high growth rates? Isn't that part of the problem?
    Surely a steady, even if slow, growth rate is preferred to wild oscillations?
    Depends on the kind of company you are and what you growth target is. If you are a dividend based company like IBM, slow and steady is your friend. If you are a start-up shooting for acquiring significant market share, you will be want 400% growth. High taxes limit growth, hiring, expansion, development. With high taxes you'll look like a lackluster European firm, who can't grow without government assistance.

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    Re: Financial Reform Talks Near Collapse, Some GOPers Threaten To Defect

    Quote Originally Posted by stekim View Post
    Which only means they have a lot in common with GOP elected officials.
    Ain't that the truth. Both party officials seem to be as incompetent and as stupid as each other. Want my advice America?

    Scrap the two party system. Not for our sake, but for yours.

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    Re: Financial Reform Talks Near Collapse, Some GOPers Threaten To Defect

    Quote Originally Posted by Jetboogieman View Post
    Ain't that the truth. Both party officials seem to be as incompetent and as stupid as each other. Want my advice America?

    Scrap the two party system. Not for our sake, but for yours.
    I hear you, my Northern brother. It's always funny to hear the partisans say how bad the other side is when their side is no better.
    Wow. Am I awesome or what?

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    Re: Financial Reform Talks Near Collapse, Some GOPers Threaten To Defect

    Quote Originally Posted by reefedjib View Post
    Depends on the kind of company you are and what you growth target is. If you are a dividend based company like IBM, slow and steady is your friend. If you are a start-up shooting for acquiring significant market share, you will be want 400% growth. High taxes limit growth, hiring, expansion, development. With high taxes you'll look like a lackluster European firm, who can't grow without government assistance.
    In addition when you have a 13 trillion dollar debt you have to pay debt service and that comes from economic growth.

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    Re: Financial Reform Talks Near Collapse, Some GOPers Threaten To Defect

    Quote Originally Posted by Conservative View Post
    In addition when you have a 13 trillion dollar debt you have to pay debt service and that comes from economic growth.
    Well, yes, except that according to the US Treasury it is a $54.7 trillion debt.

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