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Old 02-22-2009, 10:05 PM
 
Location: New Jersey
2,662 posts, read 3,812,456 times
Reputation: 580

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Quote:
Originally Posted by lamexican View Post
The only problem with your argument is that Obama was only president for 23 of the days less than 1 out of the 6 imonths involved.
markets predict the future; they do not reflect the present. obama has been a financial disaster.
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Old 02-22-2009, 10:09 PM
 
Location: New York, New York
4,906 posts, read 6,821,072 times
Reputation: 1033
Quote:
Originally Posted by LNTT_Vacationer View Post
markets predict the future; they do not reflect the present. obama has been a financial disaster.
Do you have any historical evidence of this.
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Old 02-22-2009, 10:22 PM
 
Location: Chicagoland
41,325 posts, read 44,768,603 times
Reputation: 7118
Quote:
Do you have any historical evidence of this.
Do you actually know anything?
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Old 02-22-2009, 11:14 PM
 
Location: New York, New York
4,906 posts, read 6,821,072 times
Reputation: 1033
Quote:
Originally Posted by sanrene View Post
Do you actually know anything?
You proved that you don't so maybe you should go pick up a book.
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Old 02-23-2009, 12:55 AM
 
Location: no
27 posts, read 65,580 times
Reputation: 29
Quote:
Originally Posted by Houston3 View Post
Try reading this, I'll be waiting for your reply! The whole story is on the link.

"Fannie Mae, the nation's biggest underwriter of home mortgages, has been under increasing pressure from the CLINTON Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits."

Fannie Mae Eases Credit To Aid Mortgage Lending - New York Times
So tell me why under dem rule where there is Massive gov regulation

which is what repubs dont want

the loans were made and a housing bubble DID NOT OCCUR

YET UNDER BOTH REPUB TERMS 81-88 and 2001-2008

WHERE THEY DID DERUGULATE THE INDUSTRY

AND LET CEO's RUN RAMPANT

WE HAD A HOUSING BUBBLE AND A RECESSION

Thanks for making my point stronger

about how you repubs cannot run a legit economy

you only run a short term gain long term loss economy
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Old 02-23-2009, 01:07 AM
 
Location: no
27 posts, read 65,580 times
Reputation: 29
Quote:
Originally Posted by lamexican View Post
Do you have any historical evidence of this.

Of course he doesn't .

he probably only has rush lamebrains as his source

ya know rush dopeboy limpbrain

the guy who always said the solution for dopers was to lock em up

That is till he got busted himself and went to rehab to escape jail.

then he whined about all the police investigating him AFTER HE WENT TO REHAB.

HE also wont admit that babybush caused this recession.

just like he will blame jimmy carter for the double digit inflation of 77-79

even thought jimmy inherited that rececion from nixon and ford.

or the fact it started right after vietnam ended
the war all dems blame on kennedy

even tough we entered nam in 1955 under the guise of a USO show

WHEN IKE AND NIXON RAN THE COUNTRY.

or he blames kennedy for the bay of pigs

YET THOSE TROOPS WERE TRAINED UNDER IKE AND NIXON

REPUBS never accept the blame for any mess they caused.

heck look how the stock market tanked in the first 100 days of babybush

when he allowed wholesale outsourcing

then the repubs not only said it was clinton that caused downtrend

and they Said outsourcing was good for this country

WHAT A PACK OF LIARS THESE REPUBS ARE
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Old 02-23-2009, 06:46 AM
 
Location: NE Ohio
30,421 posts, read 20,182,242 times
Reputation: 8958
Quote:
Originally Posted by MovingForward View Post
Bush cut taxes on the wealthy for years. It did nothing to help the economy. Zero. Zilch.

Get real.
Look. The wealthy pay the highest rate, and they pay over 90% of all taxes. The middle class and the so-called poor pay little or no taxes at all. This is a fact.

Secondly, you cannot "stimulate" the economy by "cutting taxes" of those who aren't paying them in the first place, or of those who pay very little, because to "cut taxes" of those who aren't paying is not a "tax cut" but it is a welfare check, and the money is coming from those who do pay. It's called a "transfer payment" (redistribution of wealth, from someone who earned it, to someone who didn't).

If the economy is to be stimulated, you must cut the taxes of those paying the most, because they are the ones who are investing in the economy (businesses) and causing business to grow. They are the ones forming new businesses and creating jobs. Only they have the ability to affect the economy. This is really very simple, and very basic.

Can you tell me if you've ever been given a job by a poor person? Other than mowing some guys lawn, or shoveling snow? No. Poor people rarely start businesses, because they do not have the finances. They are still at the bottom. Some may eventually move up, but the poor people will always be with us, because some people simply are not motivated to work hard. Others don't have the education or perhaps even the intelligence. These people cannot affect the economy no matter how much money you throw at them.

Why is this so hard for you people to understand?

Business is what drives the economy. Not individuals getting freebee's from Uncle Sam.

Therefore, in order to bring us out of this, it is business that must be stimulated. And how do you do that? You do it by getting out of the way, and giving them every reason and opportunity to grow (this is what is meant by "promote the general welfare" in the Constitution). Cut the capital gains tax or eliminate it altogether. Do you want to see jobs come back to the USA? That would do it. The US has the highest capital gains rate in the world. We also have some of the highest labor costs in the world(thanks to out of control labor unions).

Bush cut taxes across the board. Everyone got a tax cut. It is a lie to say he only gave tax cuts to the wealthy (but the Democrats love to lie about this, because it gets the people angry, and to vote Democrat).
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Old 02-23-2009, 07:15 AM
 
8,652 posts, read 17,178,998 times
Reputation: 4622
Quote:
Originally Posted by lamexican View Post
What do you want to happen? Our economy to go back 100 years so you can stick to your ideology? This recession is hurting everyone and if its not fixed we can all go down with it. You guys have no solutions that aren't failed policy, just complaints that we have a president that doesn't share your views.
"The trouble with socialism is that you eventually run out of other people's money"*
–Margaret Thatcher.
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Old 02-23-2009, 07:19 AM
 
8,652 posts, read 17,178,998 times
Reputation: 4622
Quote:
Originally Posted by kygman View Post
I still wish the whiny Bush worshippers would shut up and let Obama stay in office at least 2 months before they start some more lies to try to get rid of him!
If his second month is anything like his first we will all be broke!
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Old 02-23-2009, 07:22 AM
 
8,652 posts, read 17,178,998 times
Reputation: 4622
Quote:
Originally Posted by MovingForward View Post
The Republicans were in charge for 6 years following Clinton. Why didn't they change it?
If you can read and see you will figure it out all by your little self!
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