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It's not about going after the big bad insurance companies... that's how THEY perceive it... It's about having National Health Care... like the other 36 industrialized countries who are ahead of the U.S....
Wrong.. Thats NOT how the insurance companies perceived this.. They SUPPORTED the bill, the insurance companies made more donations to Obama than any other candidate.. They are to gain tens of millions of consumers..
Quote:
Originally Posted by HC475
The spending over the past 2 years has been stimulus spending... not War spending under Bush... a fact you always seem to ignore...
Wrong again.. The stimulus spending is NOT counted in the 21% increase, and war spending CONTINUES.. Did you forget Obama sent more troops into Afghanstan?
Where on gods earth do you get your news.. Find a new source because I'd be embarassed to be wrong this many times..
Wrong.. Thats NOT how the insurance companies perceived this.. They SUPPORTED the bill, the insurance companies made more donations to Obama than any other candidate.. They are to gain tens of millions of consumers..
Wrong again.. The stimulus spending is NOT counted in the 21% increase, and war spending CONTINUES.. Did you forget Obama sent more troops into Afghanstan?
Where on gods earth do you get your news.. Find a new source because I'd be embarassed to be wrong this many times..
Did you forget that we are out of military operations in Iraq?...
Why didn't they create those jobs during the Bush years when they got those tax cuts then?...
Psst!. They did:
"Publication: Business Wire
Date: Friday, January 4 2008
More Than 8.3 Million Jobs Created Since August 2003 In Longest Continuous Run Of Job Growth On Record
WASHINGTON -- Today, the Bureau of Labor Statistics released new jobs figures - 18,000 jobs created in December. Since August 2003, more than 8.3 million jobs have been created, with more than 1.3 million jobs created throughout 2007. Our economy has now added jobs for 52 straight months - the longest period of uninterrupted job growth on record. The unemployment rate remains low at 5 percent. The U.S. economy benefits from a solid foundation, but we cannot take economic growth for granted and economic indicators have become increasingly mixed. President Bush will continue working with Congress to address the challenges our economy faces and help facilitate long-term economic growth, job growth, and better standards of living for all Americans.
The U.S. Economy Benefits From A Solid Foundation
* Real GDP grew at a strong 4.9 percent annual rate in the third quarter of 2007. The economy has now experienced six years of uninterrupted growth, averaging 2.8 percent a year since 2001.
* Real after-tax per capita personal income has risen by 11.7 percent - an average of more than $3,550 per person - since President Bush took office.
* Over the course of this Administration, productivity growth has averaged 2.6 percent per year. This growth is well above average productivity growth in the 1990s, 1980s, and 1970".
"Publication: Business Wire
Date: Friday, January 4 2008
More Than 8.3 Million Jobs Created Since August 2003 In Longest Continuous Run Of Job Growth On Record
WASHINGTON -- Today, the Bureau of Labor Statistics released new jobs figures - 18,000 jobs created in December. Since August 2003, more than 8.3 million jobs have been created, with more than 1.3 million jobs created throughout 2007. Our economy has now added jobs for 52 straight months - the longest period of uninterrupted job growth on record. The unemployment rate remains low at 5 percent. The U.S. economy benefits from a solid foundation, but we cannot take economic growth for granted and economic indicators have become increasingly mixed. President Bush will continue working with Congress to address the challenges our economy faces and help facilitate long-term economic growth, job growth, and better standards of living for all Americans.
The U.S. Economy Benefits From A Solid Foundation
* Real GDP grew at a strong 4.9 percent annual rate in the third quarter of 2007. The economy has now experienced six years of uninterrupted growth, averaging 2.8 percent a year since 2001.
* Real after-tax per capita personal income has risen by 11.7 percent - an average of more than $3,550 per person - since President Bush took office.
* Over the course of this Administration, productivity growth has averaged 2.6 percent per year. This growth is well above average productivity growth in the 1990s, 1980s, and 1970".
Wrong... Unemployment doubled by the end of the Bush years...
Without consumer demand there is no invesmtments investments are driven by consumer demand and by consumer who are willing to spend the money rather than save it and right now the problem with the economy is very low consumer demand.
You have to have the money in order to drive the demand. I can be selling a life saving miracle drug which has the cure for aids and cancer, but if you cant afford to buy it, the investment to produce wont happen..
Consumers make the demand, but without those proving jobs to the consumers, the demand is meaningless..
Clinton raised the top marginal tax rate from 31 percent to 39.6 percent. Contrary to the apocalyptic predictions forwarded from the Austrian school, the U.S. economy sustained the longest period of growth in U.S. history from 1992 to 2000. Clinton produced a historical high of 21 million new jobs.
Interest-rates fell by 40 percent, facilitating the greatest housing boom in history; inflation fell to 2.5 percent, halving the average of the previous 12 years; and the largest budget surplus in history, $128 billion, was created despite Reagan’s mammoth deficits.
Are you a hypocrite ( like most who are opposed to Bush's tax cuts are)
I didn't like Bush's tax cuts and believe they should expire------the entire Bush tax cuts
If the Clinton tax rates were so great, let's revert back to them for everyone-----high income, middle income, and low income.
Why didn't they create those jobs during the Bush years when they got those tax cuts then?...
The tax cuts boosted employment and increased revenues to the federal government. Why do you ignore these facts?
Quote:
Originally Posted by HC475
Wrong... Unemployment doubled by the end of the Bush years...
Unemployment hovered below 5% during most of the Bush term until Democrats got in and started messing things up. Remember the minimum wage debate, where Democrats stated that the economy was strong just a couple of years ago? See you got part of it right.. Unemployment doubled by the END of the Bush years.. the very same period Democrats held Congress..
Are you a hypocrite ( like most who are opposed to Bush's tax cuts are)
I didn't like Bush's tax cuts and believe they should expire------the entire Bush tax cuts
If the Clinton tax rates were so great, let's revert back to them for everyone-----high income, middle income, and low income.
Fair enough to you ?
I wouldn't have a problem with that... if it paid off the national debt... 2% - 3% is nothing really... Seth McFarlane even said that he doesn't need the tax cuts...
Did you forget that we are out of military operations in Iraq?...
1st, the Iraq war spending is SMALL.. I know, you like to think that its some humongous cause of the deficits but your wrong..
The total sum of deficits from 2003-2010 is $4.73T, even with the ENTIRE Iraq war spending, the deficits still totalled $4.02T..
2nd, we are STILL spending money in Iraq.. Just because Obama said we left doesnt mean we have.. There are 50,000+ troops still there and they will be for ages..
3rd, if you move them from Iraq to Afghanistan, your STILL SPENDING the money
And finally, you didnt respond at all to what I said
I wouldn't have a problem with that... if it paid off the national debt... 2% - 3% is nothing really... Seth McFarlane even said that he doesn't need the tax cuts...
The tax cuts INCREASED revenue to the federal government.. Again, keep ignoring this and I'll continue to repeat it..
"This research illustrates that, while the lower tax rates have not paid for themselves, they do provide important economic benefits and can expand the tax base to such an extent that they cost the federal government substantially less revenue than the casual observer might think,"
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