View Poll Results: Congress bears absolutely no responsibility for the economy

Voters
25. You may not vote on this poll
  • Agree, no responsibility

    3 12.00%
  • Disagree, it is culpable

    21 84.00%
  • What's Congress?

    1 4.00%
Page 1 of 4 123 ... LastLast
Results 1 to 10 of 39

Thread: Congress bears absolutely no responsibility for the economy

  1. #1
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

    Congress bears absolutely no responsibility for the economy

    Congress bears absolutely no responsibility for the economy.

    Agree/Disagree/More Cheese Please?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  2. #2
    Finite and Precious
    Jredbaron96's Avatar
    Join Date
    Mar 2011
    Location
    With you.
    Last Seen
    Today @ 04:07 PM
    Gender
    Lean
    Liberal
    Posts
    7,894
    Blog Entries
    2

    Re: Congress bears absolutely no responsibility for the economy

    Maybe.


    .................
    "Human kindness has never weakened the stamina or softened the fiber of a free people. A nation does not have to be cruel to be tough."
    -FDR

  3. #3
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

    Re: Congress bears absolutely no responsibility for the economy

    If you think Obama deserves to be fired on Election day for the bad economy, shouldn't we also fire Congress as well?

    Which includes the entire GOP House?

    The only way that only Obama should be held accountable for the economy is if Congress does not play a role in the economy.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  4. #4
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Today @ 05:30 PM
    Gender
    Lean
    Conservative
    Posts
    57,148

    Re: Congress bears absolutely no responsibility for the economy

    Quote Originally Posted by obvious Child View Post
    If you think Obama deserves to be fired on Election day for the bad economy, shouldn't we also fire Congress as well?

    Which includes the entire GOP House?

    The only way that only Obama should be held accountable for the economy is if Congress does not play a role in the economy.
    No. The GOP has been attempting to pass legislation that I believe would help the economy. Which has then gone on and died in the Senate. So qualified yes, I would say fire the President and fire the Senate Leadership.

  5. #5
    Sage

    Join Date
    Sep 2007
    Last Seen
    09-24-17 @ 04:38 AM
    Lean
    Undisclosed
    Posts
    29,261

    Re: Congress bears absolutely no responsibility for the economy

    Quote Originally Posted by cpwill View Post
    No. The GOP has been attempting to pass legislation that I believe would help the economy. Which has then gone on and died in the Senate. So qualified yes, I would say fire the President and fire the Senate Leadership.
    What legislation are you talking about?

  6. #6
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

    Re: Congress bears absolutely no responsibility for the economy

    Quote Originally Posted by cpwill View Post
    No. The GOP has been attempting to pass legislation that I believe would help the economy. Which has then gone on and died in the Senate. So qualified yes, I would say fire the President and fire the Senate Leadership.
    You mean like reducing taxes on companies that aren't making taxable income anyways and won't pay taxes regardless of the rates?
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  7. #7
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Today @ 05:30 PM
    Gender
    Lean
    Conservative
    Posts
    57,148

    Re: Congress bears absolutely no responsibility for the economy

    Quote Originally Posted by Winson53660
    What legislation are you talking about?
    Well, for starters, the budget. I also think the REINS act would be beneficial not simply for job creation, but for federalism. I'm pretty sure they have been pushing to expand domestic energy production as well (which would be huge), but I can't think of any specific legislation tied to that off-hand.
    Last edited by cpwill; 09-30-12 at 08:06 PM.

  8. #8
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Today @ 05:30 PM
    Gender
    Lean
    Conservative
    Posts
    57,148

    Re: Congress bears absolutely no responsibility for the economy

    Quote Originally Posted by obvious Child View Post
    You mean like reducing taxes on companies that aren't making taxable income anyways and won't pay taxes regardless of the rates?
    well it's funny how effective tax rates do change along with deductions.


    But broadly speaking, tax code complexity is a huge wet blanket on job creation. Simplification of the code is an obvious way to boost growth (and jobs), which is why the Simpson-Bowles Commission grabbed it as well.

  9. #9
    Equal Opportunity Hater
    obvious Child's Avatar
    Join Date
    Apr 2008
    Location
    0.0, -2.3 on the Political Compass
    Last Seen
    12-09-14 @ 11:36 PM
    Lean
    Other
    Posts
    19,883

    Re: Congress bears absolutely no responsibility for the economy

    Quote Originally Posted by cpwill View Post
    well it's funny how effective tax rates do change along with deductions.
    The GOP pushed a tax reduction bill in the early part of the recession that cut statutory rates but left deductions in place. It doesn't matter what the rate is if you are losing money before depreciation! Having a 1% tax rate or a 50% tax rate doesn't mean squat if do not have any taxable income at all! This is why I laughed hard at the GOP "attempts" to help the economy via tax rate reductions. Firms losing money after tax adjustments pay no income taxes. Period. Regardless of the rate.

    [qu8ote]But broadly speaking, tax code complexity is a huge wet blanket on job creation. Simplification of the code is an obvious way to boost growth (and jobs), which is why the Simpson-Bowles Commission grabbed it as well.[/QUOTE]

    That I will agree with.
    "If your opponent is of choleric temperament, seek to irritate him." - Sun Tzu

  10. #10
    Sage
    cpwill's Avatar
    Join Date
    Dec 2009
    Location
    USofA
    Last Seen
    Today @ 05:30 PM
    Gender
    Lean
    Conservative
    Posts
    57,148

    Re: Congress bears absolutely no responsibility for the economy

    Quote Originally Posted by obvious Child View Post
    The GOP pushed a tax reduction bill in the early part of the recession that cut statutory rates but left deductions in place. It doesn't matter what the rate is if you are losing money before depreciation! Having a 1% tax rate or a 50% tax rate doesn't mean squat if do not have any taxable income at all! This is why I laughed hard at the GOP "attempts" to help the economy via tax rate reductions. Firms losing money after tax adjustments pay no income taxes. Period. Regardless of the rate.

    That I will agree with.
    Well then I think you should pay more close attention - or perhaps I am wrong. As I understood it, however, the lower nominal corporate rates were tied to complexity reduction, which aimed at keeping effective rates broadly the same. Generally I'm fine with that - I see no reason why G.E. should be able to pay at such a lower rate than Wal-Mart. Which is precisely as it should be, economists from both sides agree that having the highest corporate rate in the industrialized world helps chase business abroad, and that then our lack of a territorial tax system helps keep it there.

Page 1 of 4 123 ... 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
  •