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Old 10-13-2011, 10:27 AM
 
66,437 posts, read 30,287,167 times
Reputation: 8660

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Quote:
Originally Posted by DC at the Ridge View Post
Obama wasn't President then. He was a candidate for President and a Senator who was being asked to vote for this legislation.
Um... NO.

According to Obama himself, HE was responsible for the principles ultimately adopted in the bill:
Quote:
"For two weeks, I was on the phone every day with [Treasury] Secretary Paulson and the congressional leaders making sure that the principles that have ultimately been adopted were incorporated in the bill," Obama said.
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Old 10-13-2011, 10:29 AM
 
40,092 posts, read 24,337,358 times
Reputation: 12616
Quote:
Originally Posted by InformedConsent View Post
Um... NO.

According to Obama himself, HE was responsible for the principles ultimately adopted in the bill:
And the principles he was advocating:

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.

Which do you have an issue with?
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Old 10-13-2011, 10:30 AM
 
66,437 posts, read 30,287,167 times
Reputation: 8660
Quote:
Originally Posted by DC at the Ridge View Post
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.
And did Obama make sure that that actually happened?

Um... of course not. Obama is the Wall Street banksters' puppet:


Goldman Sachs magic trick! (How they stole our money) - YouTube

Goldman Sachs sure made out well, though.
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Old 10-13-2011, 10:36 AM
 
Location: Austin
29,546 posts, read 16,472,205 times
Reputation: 8086
Quote:
Originally Posted by DC at the Ridge View Post
Then the fastest-growing segment of the population that is paying nothing and taking from someone are the solid middle class people earning between $75,000 and $100,000. Get back to me when the representatives elected by the Tea Party in the House of Representatives (where tax legislation must originate) decide they are for tax revision legislation that will remove the deductions that allow people earning $75,000-$100,000 to have a negative tax liability.
Do you have even a clue as to how that can happen?
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Old 10-13-2011, 10:38 AM
 
Location: Las Vegas
1,075 posts, read 822,776 times
Reputation: 488
Quote:
Originally Posted by DC at the Ridge View Post
The people protesting on Wall Street aren't asking for someone else's stuff, they aren't asking for handouts. They are pointing out that people who have, have good jobs, have money in the bank, have six-figure incomes, have resources, often seem unable to cognitively understand what it means to have none of those things. And their failure to understand the struggles of not just the impoverished, not just the unemployed, but of people in the middle class who are struggling, is part of a cultural disconnect. There is a banking and finance culture that sees the world and economy one way, and there is a middle class and lower culture that sees the world and economy in a different way. The problem is that the banking and finance culture have a profound effect on the world and economy of the middle class and lower, but the middle-class and lower culture has no impact on the banking and finance economy. And that's a problem because it insulates the banking and finance culture from reality, from the responsibility they have to be frugal and careful about risks. They risk other people's money, not their own. And they are not held accountable when those risks don't pan out.

The protesters aren't trying to be divisive, they are arguing for a cohesive perspective on the economy. But the people who are arguing that, "We are the 53%" are trying to be divisive. Because if you can put down the 47%, if you can demean them and marginalize them, it means you, one of the 53%, is a better person than the 47%. I'm saying that's wrong. There but for the grace of God, or the lucky break, or simply not having any bad luck, go any one of the 53%. Those 47% are not shiftless, or lazy, or irresponsible. Maybe some of them are. But some of the 53% are shiftless, lazy, or irresponsible as well. We need to work together, and we need to appreciate one another and the contributions everyone makes to the economy. Divisiveness is the enemy of a thriving economy. Divided we fall, remember? It's something that is inevitably true about human endeavor. Divided we fall. So 53% or whatever %. What we need is to find solutions to what troubles our economy, not to point fingers.
You're right, so stop pointing fingers at the 1%, the 53% and everyone but yourself. The whole idea of the 53% isn't pointing fingers, it's showing that everyone CAN be prosperous if they try hard enough. Most of the people on that blog are not rich people who have inherited a silver spoon in their mouths. They've worked their asses off, despite their meager beginnings and have made it through to the top! All you have to do is be determined and work your ass off. It's not easy, but it can be done! And it's the "99%" ers who are being divisive.. they have started this whole "us against them" sorta thing, and it's rediculous!!! That's what will kill our country and our economy faster than anything else, a class warfare, which is what they are trying to start.
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Old 10-13-2011, 10:42 AM
 
17,497 posts, read 10,649,917 times
Reputation: 6746
Quote:
Originally Posted by MTAtech View Post
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.
For those states with no tolls would be difficult and those states that have no income tax would have no revenue. That's one of the problems I hear in Oregon, no sales tax, but property taxes are through the roof, it's how they pay for their repairs and state needs.

As I said before, there are people out there that can claim exempt on their federal withholding. If the employer doesn't withhold and the employees not paying, the Feds get no dollars. For the most part these same people are being refunded. The tax system is wacky............ I would like to see a flat tax.

As far as the old man/lady at age 65-70 somewhere in between, let's say they stop paying taxes. This would allow them to stay in their homes that they worked for, until they die.
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Old 10-13-2011, 10:44 AM
 
9,856 posts, read 13,418,079 times
Reputation: 5453
Quote:
Originally Posted by Cletus Awreetus-Awrightus View Post
Recipients:926
Total Committed:$633,575,722,738
Total Disbursed:$579,952,314,483
Total Returned:$277,810,865,263
Please don't be that deceptive. Please add in revenue from fees, dividend, interest payments and the warrants (all of which you conveniently left out).

To date, the treasury has received an 8.5% annualized return on TARP. Not bad at all. That is several multiples better than any return on any monies given directly to citizens.
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Old 10-13-2011, 10:59 AM
 
66,437 posts, read 30,287,167 times
Reputation: 8660
Quote:
Originally Posted by hnsq View Post
Please don't be that deceptive. Please add in revenue from fees, dividend, interest payments and the warrants (all of which you conveniently left out).

To date, the treasury has received an 8.5% annualized return on TARP. Not bad at all. That is several multiples better than any return on any monies given directly to citizens.
Don't hold your breath, but I'm going to have to agree with Cletus on this. The taxpayers were screwed.
Bailout List: Banks, Auto Companies, and More | Eye on the Bailout | ProPublica
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Old 10-13-2011, 11:04 AM
 
9,856 posts, read 13,418,079 times
Reputation: 5453
Quote:
Originally Posted by InformedConsent View Post
Don't hold your breath, but I'm going to have to agree with Cletus on this. The taxpayers were screwed.
Bailout List: Banks, Auto Companies, and More | Eye on the Bailout | ProPublica
So you are saying that an 8.5% rate of return is 'screwing people over'? I thought you would be ecstatic about such a number in this economy. What exactly is screwing people over when we as a nation are making such a great amount on this investment?
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Old 10-13-2011, 11:10 AM
 
66,437 posts, read 30,287,167 times
Reputation: 8660
Quote:
Originally Posted by hnsq View Post
So you are saying that an 8.5% rate of return is 'screwing people over'?
This doesn't look like an 8.5% return to me:

Recipients:926
Total Committed:$633,575,722,738
Total Disbursed:$579,952,314,483
Total Returned:$277,810,865,263

Looks like a HUGE net loss, so far.
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