Vote For Obama & Vote For Economic Disaster (democrat, Republicans, liberals)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Then how have we've gone from losing 700,000 jobs per month at the start of Obama's term to now we have gains each month?
Actually no we don't. We now have a rise in unemployment. New claims for unemployment benefits jumped to 386000 last week, with the Labor ... Jobless Claims Rise More Than Expected. So much for getting the rate below 8% and of course so much for Obamas promising 5.4% unemployment rate.
People who still have jobs are not out of the woods yet. There is reason for businesses to fire more and there is a report that companies who are hiring, these companies are hiring temporary workers.
Yea! tax the sh** out of business owners is the mantra of the day. And instead of paying you, they will just use your paycheck to pay the government. Those who are lucky and get to keep your job. Enjoy your increase in taxes!
We've tried the Republican way from 2000-2008 and it was a disaster. The Clinton/Democratic plan worked way better.
In 2007 with the Bush Tax Cuts we saw RECORD government tax revenues and RECORD stock market indexes.
Clinton was forced by Newt Gingrich to agree to the balanced budget amendment which is the only reason you saw the economy grow.
The only disaster that happened under Bush was after the DEMOCRATS took control of Congress in 2006 and things began going downhill eventually leading to the housing bubble that the Democrats created popping and causing the financial crisis.
Bush, beginning in 2002, warned Congress 12 times that there was an impending financial crisis and wanted them to reign-in Fanny and Freddie just to be called a racist (by Waters) and paranoid (by Barney Frank).
In 2007 with the Bush Tax Cuts we saw RECORD government tax revenues and RECORD stock market indexes.
Clinton was forced by Newt Gingrich to agree to the balanced budget amendment which is the only reason you saw the economy grow.
The only disaster that happened under Bush was after the DEMOCRATS took control of Congress in 2006 and things began going downhill eventually leading to the housing bubble that the Democrats created popping and causing the financial crisis.
Bush, beginning in 2002, warned Congress 12 times that there was an impending financial crisis and wanted them to reign-in Fanny and Freddie just to be called a racist (by Waters) and paranoid (by Barney Frank).
Man you have been wrong here before and you are coming in from right field now.
the real jolt for tax-cutting opponents was that the 03 Bush tax cuts also generated a massive increase in federal tax receipts. From 2004 to 2007, federal tax revenues increased by $785 billion, the largest four-year increase in American history.According to the Treasury Department, individual and corporate income tax receipts were up 40 percent in the three years following the Bush tax cuts. And (bonus) the rich paid an even higher percentage of the total tax burden than they had at any time in at least the previous 40 years. This was news to theNew York Times, whose astonished editorial board could only describe the gains as a “surprise windfall.”
We've tried the Republican way from 2000-2008 and it was a disaster. The Clinton/Democratic plan worked way better.
really? at the end of fiscal 2006 we had an unemployment rate below 6%, and a budget deficit of $160 billion. after the democrats took over congress in 2007 the budget deficit jumped to $458 billion, and the economy started going south at the end of the year, and has been heading that way since.
Quote:
Originally Posted by Winter_Sucks
Sure, Clinton made it a priority to invest in education and infrastructure. He used the tax increases on the wealthy to put back into the middle class.
uhm no. clinton did raise taxes, but not on just the wealthy, unless you consider anyone with a job wealthy. i was making $15,000 per year back then and my taxes went up during the clinton administration. clinton got very lucky because a number of things happened at once starting in 1995;
1: the assets that were purchased by the reagan administration after the failure of the savings and loan debacle were being sold off
2: the dotcom bubble started building rapidly which pushed the economy up and made a lot of millionaires in the tech sector
3: the republicans took over congress and started reforming government, especially welfare and the tax code.
these three things had a positive effect on the economy at the time, and when the tech bubble burst, the economy slowed down substantially.
Quote:
Originally Posted by detwahDJ
Try this Skeeter:
* Obama is not raising taxes. Tax breaks are expiring according to the Republican plan. Obama wants to continue them for the middle class.
anytime taxes go up for what ever reason, it is a tax increase like it or not. you cant spin it any other way.
Quote:
* Giving tax breaks to the wealthy is also "redistribution of wealth".
true, but remember that money does in fact end up in the economy helping EVERYBODY through more stable prices, more jobs, and a broader tax base, especially when coupled with a cut in regulations.
Quote:
* The economy crashed in 2007. Remember?
actually the economy crashed in 2008, it slowed down in 2007, but dont forget that we also had a democrat congress starting in 2007. and it could have been avoided if the democrats hadnt blocked bushs effort to reform fannie and freddie.
Quote:
* Taxes were higher under Reagan than they are under Obama.
really? the top rate near the end of the reagan administration was 28%, today it is 35% percent. must be that new democrat math i keep hearing about.
Quote:
* If the wealthy get their republican 0% tax rate, that means the middle class will pay all the nation's bills. Like that idea?
the wealthy will never get a 0% rate, that suggestion was for corporations and businesses not individuals. nice try but you fail on that one. as for the middle class paying the countrys bills, they pretty much have since taxes were created in the first place. the rich will pass along any taxes on to others if they can. how you ask? by setting higher prices on the goods and services they sell to the public at large, or by making smaller portions, or by cutting expenses in other areas. take the average renter for instance, in their contracts there is a provision for rent increases as needed. raise the property tax 5% for instance on the landlord, and the rent goes up that amount. same with income taxes. the rich are going to do what they can do to protect their assets and profit margins.
The only disaster that happened under Bush was after the DEMOCRATS took control of Congress in 2006 and things began going downhill eventually leading to the housing bubble that the Democrats created popping and causing the financial crisis.
Bush, beginning in 2002, warned Congress 12 times that there was an impending financial crisis and wanted them to reign-in Fanny and Freddie just to be called a racist (by Waters) and paranoid (by Barney Frank).
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
