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Old 10-13-2011, 09:57 AM
 
Location: Long Island, NY
19,717 posts, read 11,560,116 times
Reputation: 5613

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Quote:
Originally Posted by Glitch View Post
Obviously you have forgotten about the dot com bubble and the 1999-2001 recession. Nobody while the GOP controlled Congress got a bailout. Only Democrats freely give away taxpayer dollars. That is not a statistic, that is empirical and verifiable fact.
As I said, the GOP only controlled the House 30% of those 40 years. It is also true that no GOP President had every vetoed a bailout.

The fact is that under GOP control no bailout issues ever arose. It's not that the GOP is morally superior, it just never came up when they were in control.

Your art of spin is breathtaking.
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Old 10-13-2011, 10:01 AM
 
40,106 posts, read 24,350,113 times
Reputation: 12619
The principles Obama required:

The Illinois senator said the final deal must include strong oversight, make sure taxpayers share in any gains when the market recovers, provide relief for homeowners, and make sure taxpayer money does not go toward any executive bonuses.
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Old 10-13-2011, 10:04 AM
 
Location: Long Island, NY
19,717 posts, read 11,560,116 times
Reputation: 5613
Quote:
Originally Posted by Glitch View Post
Try again. The GOP did not control Congress in 1993 or 1994. Democrats had the majority in both houses of Congress in 1993 and 1994. The GOP took control of Congress beginning in January 1995. And no Republican wanted to be associated with the largest retroactive tax increase in US history. Which is why it was suspended by a GOP controlled Congress within the first five months after Bush became President.
Absolutely and that was my point. The Omnibus Budget Reconciliation Act was violently opposed by the GOP and claimed that raising taxes to a top rate of 39% (even though top tax-rates were 50% under Reagan) was going to sink the economy.

They were completely wrong. Government revenue soared, which brought four years of surpluses. This is just another example of how the GOP was on the wrong side of history. Now, GOP spin-makers on this board try to give credit to the GOP for the results of what the Democratic Congress and President passed.
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Old 10-13-2011, 10:05 AM
 
17,497 posts, read 10,655,505 times
Reputation: 6746
Quote:
Originally Posted by Nocontengencies View Post
They aren't. Property taxes have been addressed in other threads on here. I don't think they should exist.
Wouldn't that be nice!! The only thing, how would roads and the things states need to operate be collected?
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Old 10-13-2011, 10:12 AM
 
Location: Long Island, NY
19,717 posts, read 11,560,116 times
Reputation: 5613
Quote:
Originally Posted by 3~Shepherds View Post
Wouldn't that be nice!! The only thing, how would roads and the things states need to operate be collected?
Income taxes and tolls. Property taxes are somewhat regressive. Little old ladies who have very little income still must pay property taxes the same as others in her area with large incomes.
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Old 10-13-2011, 10:13 AM
 
9,856 posts, read 13,422,480 times
Reputation: 5453
Quote:
Originally Posted by lakeman0 View Post
ugh face palming is not enough.

Wall street took our bailout money and payed them their CEo's pocketed the damn money and did not do jack squat with it, they along with big banks increase fee's screwing all citizens out of every little penny. Questioning about the billions of tax payer dollars we gave them does not makes us lazy or not hardworking.

All this i have two jobs and bust my ass is irrelevant to what is going on
You DO realize that the US Government has actually made money on TARP, don't you? Between money paid back and dividends earned, the government is positive over $6 million on the banking bailout. Wall Street took our money and turned it into more money for us. Maybe we should give them more?

And right now there is over 2% job openings rate. What is stopping people from getting jobs, exactly? There ARE jobs out there.

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Old 10-13-2011, 10:15 AM
 
3,458 posts, read 3,110,773 times
Reputation: 1532
Quote:
Originally Posted by hnsq View Post
You DO realize that the US Government has actually made money on TARP, don't you? Between money paid back and dividends earned, the government is positive over $6 million on the banking bailout.
the banking bailout and TARP are not synonymous.

you are pretending that there was no TALF, no PPIP, no TIP, no that the Fed never swapped bondholders MBS debt for lower-risk Treasuries, that the Fannie and Freddie bailouts didn't go straight to the banks..

http://projects.propublica.org/bailout/list/index
http://projects.propublica.org/table...cilities-loans

Last edited by Cletus Awreetus-Awrightus; 10-13-2011 at 10:25 AM..
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Old 10-13-2011, 10:23 AM
 
Location: Long Island, NY
19,717 posts, read 11,560,116 times
Reputation: 5613
The bailout of GM and Chrysler were positive also. Even though the government will likely lose a few billion on the loan, the tax revenue generated from having so many people employed that would be unemployed plus the economic activity of manufacturing, made it a good deal and will be a +$30 billion effect.

Had GM closed down, millions of workers would have been tossed out who then would be eligible for unemployment insurance at government expense. All tolled, saving the auto firms was cheaper. So, it saved U.S. manufacturing and American jobs, as well as saved taxpayers money. Only an intrenched government-hater could view this as bad.
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Old 10-13-2011, 10:23 AM
 
9,856 posts, read 13,422,480 times
Reputation: 5453
Quote:
Originally Posted by Cletus Awreetus-Awrightus View Post
the banking bailout and TARP are not synonymous.

you are pretending that there was no TALF, no PPIP, that the Fed never swapped bondholders MBS debt for lower-risk Treasuries...

An entire book could be written about the bailouts that extends beyond TARP.
So give me your calculation, not vague speculations.

And most of what you mentioned was done to devalue government debt. If you should be upset with anyone over such programs, let it be the US government, not the banks. The banks (as net numbers) fulfilled their duties and paid back (and more) the money given to them.
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Old 10-13-2011, 10:26 AM
 
3,458 posts, read 3,110,773 times
Reputation: 1532
Quote:
Originally Posted by hnsq View Post
So give me your calculation, not vague speculations.
Recipients:926
Total Committed:$633,575,722,738
Total Disbursed:$579,952,314,483
Total Returned:$277,810,865,263
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