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View Poll Results: Are You Better Off Than You Were Four Years Ago?
YES 50 52.08%
NO 46 47.92%
Voters: 96. You may not vote on this poll

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Old 09-04-2012, 10:22 AM
 
Location: Long Island, NY
19,777 posts, read 12,795,560 times
Reputation: 5646

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Quote:
Originally Posted by t206 View Post
Really? You somehow know what I think? Thats pretty ridiculous, but nice try.

Interest rates need to be set by the market, not artificially driven so low that nobody can save money.
Government bonds are done via competitive auction. Basically, you bid for the interest rate you want, then the government awards bonds based on the highest accepted discount (lowest yield.)

It's similar to a building contract: you get to see all the bids and accept the one which works best for you. In the case of the government, they accept the ones which allows them to get away with the least amount of interest.

So, I take offense to your "nice try" when what I said was 100% on mark (as usual.)
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Old 09-04-2012, 10:25 AM
 
Location: Long Island, NY
19,777 posts, read 12,795,560 times
Reputation: 5646
Quote:
Originally Posted by A&M_Indie_08 View Post
Yet most of the country thinks they are worse off than 4 yrs ago.....

Majority: U.S. worse off than 4 years ago, Obama does not deserve reelection - National Elections | Examiner.com

Seems most people think your party is full of crap.... (not that I believe Republicans are the answer personally)
Yes, people often can't separate facts from there subjective impressions -- especially when most have no background in economics and there are media outlets telling them such things as "the stimulus failed," when it didn't and are constantly bashing Obama for political gain.
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Old 09-04-2012, 10:25 AM
 
40,817 posts, read 20,798,456 times
Reputation: 24252
Quote:
Originally Posted by A&M_Indie_08 View Post
We have a few good liars so far.....unless being on welfare is an improvement for some

Me, unchanged, but I am not like most people
Perhaps you should endeavor to improve your situation?
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Old 09-04-2012, 10:30 AM
 
3,347 posts, read 2,870,023 times
Reputation: 1719
Quote:
Originally Posted by Dane_in_LA View Post
Perhaps you should endeavor to improve your situation?
My situation is fine thanks...... I base what I am saying with the big picture..... it pains me to see so many people out there suffering, more now than 4 yrs ago, and know that Obama is not doing anything to fix it

Romney wouldn't either for the record
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Old 09-04-2012, 10:30 AM
 
1,403 posts, read 843,917 times
Reputation: 357
Nope. But I also don't think Romney would make anything better...
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Old 09-04-2012, 10:32 AM
 
3,347 posts, read 2,870,023 times
Reputation: 1719
Quote:
Originally Posted by MTAtech View Post
Yes, people often can't separate facts from there subjective impressions -- especially when most have no background in economics and there are media outlets telling them such things as "the stimulus failed," when it didn't and are constantly bashing Obama for political gain.
Are you actually suggesting that people are ignorant of their own personal situations?

Dems are more arrogant than I thought (and ignorant)
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Old 09-04-2012, 10:37 AM
 
12,794 posts, read 7,108,692 times
Reputation: 4326
Quote:
Originally Posted by MTAtech View Post
Government bonds are done via competitive auction. Basically, you bid for the interest rate you want, then the government awards bonds based on the highest accepted discount (lowest yield.)

It's similar to a building contract: you get to see all the bids and accept the one which works best for you. In the case of the government, they accept the ones which allows them to get away with the least amount of interest.

So, I take offense to your "nice try" when what I said was 100% on mark (as usual.)
Again, you are completely wrong on this. The bonds you are talking about impact the interest rate that the US FEDERAL GOVERNMENT pays. I am talking about the interest rates that we as individual consumers are paid or pay. Those individual rates are set by the FMOC.

Additionally, my "nice try" was in response to you saying that you knew what my opinion was, so again...dead wrong, you dont know what my opinion would be in that hypothetical situation. At this point you couldnt be further off the mark.

It seems that the only thing larger in size than your arrogance is your ignorance.
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Old 09-04-2012, 10:38 AM
 
48,507 posts, read 90,401,075 times
Reputation: 18204
To a egtent its true but just as true that the down tunes was really not bush;s afult either.It tales alot of people to cause what has happened over a long time span from politcal leadership;to main street to wall street.Alway remmber that the consumer is 70% of the economy and all politcans can do is allow people to act unwisely by giving them what they want to be elected. Just loo at the difference in states themselves and Bush had nothing to do with those probelms really.
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Old 09-04-2012, 10:52 AM
 
Location: Portland, Oregon
46,038 posts, read 32,431,368 times
Reputation: 7854
Quote:
Originally Posted by jt800 View Post
The Bush Tax Cuts brought-in RECORD government revenues and were paying down the debt faster than experts said was possible.

On top of that, the wealthy were actually paying more taxes than they do now.
You have any proof to back up this claim?
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Old 09-04-2012, 10:57 AM
 
5,787 posts, read 4,332,839 times
Reputation: 849
Quote:
Originally Posted by urbanlife78 View Post
You have any proof to back up this claim?

I've posted this proof about 40 times before, but I do understand that Libs have problems with facts so I'll be kind enough to post it again:

DWYER: Bush tax cuts boosted federal revenue - Washington Times

Quote:
In two years, stocks rose 20 percent. In three years, $15 trillion of new wealth was created. The U.S. economy added 8 million new jobs from mid-2003 to early 2007, and the median household increased its wealth by $20,000 in real terms.

But 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.
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