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we had job growth under bush..but the liberal housing bubble burst and sent us into a world wide bust
Where in the world did you get this information? I'm interested in seeing where these facts are located. Even the Republicans currently in office are not blaming the Democrats for starting it. So, where are you getting your information?
The dems will get away with not funding the extensions this time, that's why they are shooting for a year long extension in hopes that they can comprimise on the Bush tax cuts in return for continuing the extensions.
In their dreams will there be a one-year extension. They will NEVER get that from Repubs unless they agree to make the Bush tax cuts permanent forever. Talk right now is a 2 or 3 year extension, and, of course, the battle will be fought again in 2-3 years, with the tax cuts being extended - again. Original ten-year expiration was just a bone to get them through in the first place.
As expected, Senator Scott Brown (R-Mass) Blocked the extension of unemployments. There is 0 chances this goes straight through unfunded. It either has to be offset or the likely scenario of the Bush tax cuts being used as a grab bag for other legislation to go through.
I'm really sorry to see that happened .
Whats our next best chance of getting this extension addressed ?
In their dreams will there be a one-year extension. They will NEVER get that from Repubs unless they agree to make the Bush tax cuts permanent forever. Talk right now is a 2 or 3 year extension, and, of course, the battle will be fought again in 2-3 years, with the tax cuts being extended - again. Original ten-year expiration was just a bone to get them through in the first place.
it's not a dream. That's what's being discussed right now. And according to MSNBC, FOX and CNN, Sen Schumers proposal to permanently extend the Bush tax cuts for all those who make under 1 million per year and anyone above would get a 2 year extension is gaining momentum.
The reason they are going for the year long extension of UI is because they have no choice but to. Trying to get another extension passed 3 months from now in a new congress is pretty much next to impossible. The GOP is hellbent on getting the tax cuts passed. 2 years is an eternity in the political world. The cost of extending the UI extensions for 1 year is around 50 billion dollars. They may not get a year of the extensions but it will be for at least 6 months. IF they were going to do a short 3 month extension at the cost of 12 billion, they have plenty of places to look for it. The fact that they haven't proposed that tells me they are going all out for a year long extension.
it's not a dream. That's what's being discussed right now. And according to MSNBC, FOX and CNN, Sen Schumers proposal to permanently extend the Bush tax cuts for all those who make under 1 million per year and anyone above would get a 2 year extension is gaining momentum.
The reason they are going for the year long extension of UI is because they have no choice but to. Trying to get another extension passed 3 months from now in a new congress is pretty much next to impossible. The GOP is hellbent on getting the tax cuts passed. 2 years is an eternity in the political world. The cost of extending the UI extensions for 1 year is around 50 billion dollars. They may not get a year of the extensions but it will be for at least 6 months. IF they were going to do a short 3 month extension at the cost of 12 billion, they have plenty of places to look for it. The fact that they haven't proposed that tells me they are going all out for a year long extension.
Doesn't matter if they are talking about it. Like I said, in their dreams will they get one year. It won't happen. They may be 'going all out for that' as you said - but politics being the art of compromise, they know they won't get it - which is why I said the realization of a one-year extension is a dream. But they can talk to their hearts' content. One-year - would be great - but since I live in the real world, I know it isn't realistic. I hate to see them give away the ranch for 6 months, though.
DELETED I heard on CNN tonight about 100 liberal Dem millionaires are getting together to fund a candidate to run against Obama in 2012 if he caves on the tax cuts.
Last edited by JMT; 12-01-2010 at 06:37 AM..
Reason: Political editorializing belongs in the Politics forum.
Where in the world did you get this information? I'm interested in seeing where these facts are located. Even the Republicans currently in office are not blaming the Democrats for starting it. So, where are you getting your information?
there are TWO main problems , that is caused 'wall street' to collapse............JOBS and HOUSING...and they go back to BEFORE bush
let this INFORM you,....... these problems stem from: 1993, 1995, and 1999 and you can thank the liberals for it, and most of it goes back to the clinton era. why because ECONOMICS run in 10(+/-4) year CYCLES and what we are facing NOW is in DIRECT RELATION to what happened back in the 90's
1... 1993 NAFTA-originally pushed by Brzezenski and his puppet carter,,moved along by reagan----negotiated by another brezezenki puppet bush1--- passed in 1993 by the democrat controlled congress, pushed by clinton, signed by clinton-inceased with CAFTA by bush2--the consequence ...... 60+ million HIGH PAYING jobs have been lost, 2 trillion worth of debt from the lost wages.(and obamy wants to increase it too,,,hmmm)
2....1995 clinton (through his chief of HUD (Henry Cisneros and later his second chief andrew cuomo)) eased the rules on obtaining mortgages allowing more 'exotic' mortgages and 'no-doc/low doc' mortgages-----------the consequence...... ......housing SKYROCKETED causing low inventories causing a 'not normal' increase in home prices, sellers got greedy, buyers got even greedier (looking to PROFIT in a skyrocketing market by flipping) and bought THINKING that prices would still increase and their ADJUSTABLE mortgage would pay it self off in MINIMUMAL years.......EVEN THOUGH THESE INCREASES IN HOME VALUES WERE TOTALLY UNHEARD OF, AND MORTGAGE RATES WERE AT 40 YEAR LOWS( what did they think an adjustable mortgage gotten at 40 year lows would do in the term(3 months-3years) when it adjusted...of course it would go up, their CONTRACT even said after the term it would be 6% PLUS PRIME)))
For many potential homebuyers, the lack of cash available to accumulate the required downpayment and closing costs is the major impediment to purchasing a home. Other households do not have sufficient available income to to make the monthly payments on mortgages financed at market interest rates for standard loan terms. Financing strategies, fueled by the creativity and resources of the private and public sectors, should address both of these financial barriers to homeownership.
The above is the start of the mortgage meltdon: ....Clinton's National Homeownership Strategy
then add to the fire:
1996 The Telecommunications Act of 1996 (The Act was claimed to foster competition. Instead, it allowed industry consolidation whose actions reduced the number of major media companies from around 30 in 1993 to 10 in 1996, and reducing the 10 in 1996 to 6 in 2005.) causing MONOPOLIES, which can RAISE PRICES
1998 The administration does not allow drilling for OUR OWN OIL..the liberals say 'it will take ten years before we seee the oil'...guess what its been ten years
1999 Clinton DEREGULATES the banking industry
2000 clinton signs the China trade bill
2000 Commodity Futures Modernization Act of 2000..(which paves the way for ENRON)
2000/1 clinton pushes to get china into the world bank
2003/4/5 fanny and freddie...the liberal opposition leaders (barney frank and cris Dodd) say "there is nothing wrong with fanny/freddy..its a witch hunt"........boy does barney have egg on his face now
That's what I'm saying, why would they give up their stance on a 3 or 6 month extension of unemployment benefits in exhange for caving in on the tax cuts. That's why myself and others think there is a good chance this gets extended for a year.
And if the tax cuts aren't passed by the 31st, i think it hurts the GOP more than the dems. Why? Because the GOP is seen as greedy and only helping the rich. While the middle class gets held hostage along with the unemployed.
This entire conversation is quickly becoming irrelavent. Fact is, the Republicans will block every attempt the Democrats bring to the table. This is FACT. They have openly confirmed this, have remained steadfast and as of right now they hold all the cards. Doesn't matter how the American people will concieve them, as of January they will also hold all the power for the next 24 months. Millions upon millions of Americans will lose their benefits, familys will end up homeless and on the street and the rich will get their tax cuts. The Democrats need to do something and do it fast if anything is going to happen at all. First things first, they need to find some serious backbone and put the the Republicans on the defensive rather than the offensive for a change. Do we have enough time? I don't know, but if nothing gets done I see a lot of chaos in the next few months/years.
Last edited by Gabriel.S; 11-30-2010 at 11:52 PM..
Perhaps in the past, but I don't see how he plans to build consensus around a one-year extension with a method of funding that adds to the deficit.
If you think about it, the Baucus bill is almost laughable - a full year extension of filing deadlines, but no aid for 99ers? By the end of 2011 half of the unemployed will BE 99ers!
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