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Old 11-05-2010, 06:49 PM
 
Location: Indianapolis, IN
914 posts, read 4,439,200 times
Reputation: 854

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Quote:
Originally Posted by Oerdin View Post
Quote:
Originally Posted by pghquest
There wasnt enough Senate seats up for election to make much of a difference, and those that were up, were very Democratic areas..
That sounds an awful lot like an excuse for Tuesday's mixed election results.
Agreed. I wasn't aware Nevada and Delaware were bastions of liberal thinking. Probably because . . . they aren't.
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Old 11-05-2010, 06:59 PM
 
Location: Wisconsin
37,953 posts, read 22,062,169 times
Reputation: 13772
Quote:
Originally Posted by Jillaceae View Post
But his tax cuts didn't expire in 2007, so you're taking that statistic out of context. They didn't prevent the job loss in the following years, even though they did not expire.
Where is the logic, that taking more taxes out of the pockets of private citizens, reducing their buying power, and taking more taxes out of the pockets of private business owners, reducing their ability to hire employees, expand their business, or engage in more commerce, will create jobs and improve the private economy????
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Old 11-05-2010, 07:01 PM
 
19,226 posts, read 15,293,746 times
Reputation: 2337
OK, Teabaggers - Tear down--this Fed!

UPDATE 2-Ron Paul vows renewed Fed audit push next year | Metals & Mining | Reuters
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Old 11-05-2010, 07:05 PM
 
69,368 posts, read 64,001,245 times
Reputation: 9383
Quote:
Originally Posted by Jillaceae View Post
Okay, to start with, the result of an election year is implemented the following year. 2006 is an entirely Republican controlled year. Just like Obama has nothing to do with anything until 2009.
2006 was a job creation year.. So I'm not sure your point.. Job losses didnt start to take place until 2008, 1 year after Democrats took over Congress.. And since you now admit that everything is implemented the following year, you will now admit that DEMOCRATS were to blame because they took power of Congress in 2007
Quote:
Originally Posted by Jillaceae View Post
Deregulation of the financial industry caused our economy to collapse. Fact is, that happened after 7 years of Bush policies. The repercussions of policys aren't immediate. Neither did the democratic legislature under Bush have the power to change the course of our nation. Bush darn near vetoed everything. If you think Bush and/or the Republicans had nothing to do with the collapse, you are fool. Even if you want to pretend that he had nothing to do with it, you have to at least concede he did nothing to stop it. I worked in the financial industry in 2005 and 2006. It was very obvious things were not sustainable in the housing industry, but the Republicans (because the Democrats showed up officially in 2007 so you can't blame them) did nothing about it. I'm not saying everything the Democrats did was wonderful, but don't pretend like we would have magically bounced back if the Republicans were still in power.
Please list some of these deregulations which took place under Bush, which caused the economy to collapse. Since you are so experienced in the finance industry, you wont have any problem listing some of these imaginary bills...

You absolutely can blame Democrats 100%.. Congress controls bills and Congress has done NOTHING to stop the collapse, nor have they done anything to control and limit the damages. That Congress again, was 100% Democratic at the time.. You can deny this fact but the BLS states I am correct.
ftp://ftp.bls.gov/pub/suppl/empsit.ceseeb1.txt (broken link)

Job losses didnt start to compound until 2008/2009. Again, when did Congress turn Democratic and what did they do to stop it? Furthermore, what deregulation did Bush have a part in because I'm also heavily involved in banking/finance and I dont know of these imaginary/phantom bills
Quote:
Originally Posted by Jillaceae View Post
You seem to be the one misunderstanding me. It is the wealthiest among us who are making the money and paying the taxes in times of economic trouble, which is why you DON'T want to cut their taxes in a downturn.
Thats odd because when Bush cut taxes in 2003, the downturn stopped IMMEDIATELY, and an economic recovery began. its no coincidence that the minute taxes were cut, 10,200,000 new jobs were created over the following 4 years. The fact is, the minute you lower peoples tax rate, they stop putting their money into tax free shelters and start to invest. When you raise tax rates, then people put money asside and not cash it out until taxes again get lowered.. Thats a fact.. And when they invest their money it creates jobs, which create more revenues to the federal government.. Again A FACT..
There isnt a study out there that has indicated otherwise..
Bush Tax Cuts Increased Tax Base, Study Says - August 28, 2008 - The New York Sun



Quote:
Originally Posted by Jillaceae View Post
The argument that the wealthy can help our country get back on its feet is ridiculous because there are simply not enough of them. It would be more effective lower taxes for the middle class than for the wealthy.
And here is where you are incorrect again.. The wealthy cant get the country back for the most part but the majority of job creations in this nation isnt caused by the wealthy.. its middle class self employed individuals who relied on the tax cuts to hire.. Again 10,200,000 NEW jobs were created while at the same time revenues to the government soared.. Care to explain how?
Quote:
Originally Posted by Jillaceae View Post
As for corporations, their taxes are some of the lowest in the world already. Jobs didn't leave our country simply because of taxes. They also left our county because apparently patriotism dos not extend to business owners when cheaper labor is available elsewhere. Cutting corporate taxes today won't create enough jobs at this point. It is more complicated than that.
Thats just ridiculous. Corporate taxes in america are one of the highest in the world. I'm not sure where you are getting your information from..
The Tax Foundation - U.S. States Lead the World in High Corporate Taxes
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Old 11-05-2010, 07:08 PM
 
69,368 posts, read 64,001,245 times
Reputation: 9383
Quote:
Originally Posted by Oerdin View Post
That sounds an awful lot like an excuse for Tuesday's mixed election results.
Care to dispute it, or just ramble on?
Quote:
Originally Posted by Jillaceae View Post
You are absolutely right. And look at where that got him today. Unless the Republicans magically fix everything lickety-split, they are going to loose favor, just like Obama did.

AGAIN, a "presidential mandate" is an actual, calculated thing. That is why the word "mandate" can be associated with Obama.
Ooh please.. A mandate is when an overwelming majority of americans want something to take place. We havent had that happen here since the days of our founding fathers... You just want to pretend your god Obama had a mandate and clearly he didnt. If he did have one, you wouldnt have seen the pounding you did on Tuesday because the majority of americans would have supported his decisions...
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Old 11-05-2010, 07:18 PM
 
Location: Wisconsin
37,953 posts, read 22,062,169 times
Reputation: 13772
Quote:
Originally Posted by ergohead View Post
Sounds good to me. Do you think democrats would vote against that idea?
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Old 11-05-2010, 07:31 PM
 
Location: Wisconsin
37,953 posts, read 22,062,169 times
Reputation: 13772
Quote:
Originally Posted by Jillaceae View Post
Deregulation of the financial industry caused our economy to collapse. Fact is, that happened after 7 years of Bush policies. The repercussions of policys aren't immediate.
The repercussions of what BILL CLINTON signed into law were not immediately apparent:

Clinton repealed the Glass-Stegall Act in 1999, which paved the way for investment banks to merge with commercial banks, such as CitiGroup.

The Clinton Administration also forced banks to increase mortgage lending to high risk individuals, which created a lot of toxic assets, and he and the democrats encouraged Fannie and Freddy to buy them all up.

In 1999, President Clinton was also responsible for signing a repeal to the Depository Institutions Deregulation and Monetary Control Act of 1980.

President Clinton also repealed a provision that prohibited a Bank Holding Company from owning other financial companies, when he signed the Gramm–Leach–Bliley Act. This new law sought financial modernization by removing the very barriers that Glass-Steagall had erected.

A whole lot of blame goes right on the shoulders of Bill Clinton. He did so much damage in 1999, but as you pointed out "The repercussions of policys aren't immediate."
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Old 11-05-2010, 08:06 PM
 
Location: Wisconsin
37,953 posts, read 22,062,169 times
Reputation: 13772
Quote:
Originally Posted by pghquest View Post
Thats just ridiculous. Corporate taxes in america are one of the highest in the world. I'm not sure where you are getting your information from..
The Tax Foundation - U.S. States Lead the World in High Corporate Taxes
It really does make me wonder how many people can be so misinformed.
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Old 11-05-2010, 08:12 PM
 
29,939 posts, read 39,405,802 times
Reputation: 4798
Quote:
Originally Posted by Wapasha View Post
The repercussions of what BILL CLINTON signed into law were not immediately apparent:

Clinton repealed the Glass-Stegall Act in 1999, which paved the way for investment banks to merge with commercial banks, such as CitiGroup.

The Clinton Administration also forced banks to increase mortgage lending to high risk individuals, which created a lot of toxic assets, and he and the democrats encouraged Fannie and Freddy to buy them all up.

In 1999, President Clinton was also responsible for signing a repeal to the Depository Institutions Deregulation and Monetary Control Act of 1980.

President Clinton also repealed a provision that prohibited a Bank Holding Company from owning other financial companies, when he signed the Gramm–Leach–Bliley Act. This new law sought financial modernization by removing the very barriers that Glass-Steagall had erected.

A whole lot of blame goes right on the shoulders of Bill Clinton. He did so much damage in 1999, but as you pointed out "The repercussions of policys aren't immediate."
Another link:

frontline: the wall street fix: mr. weill goes to washington: the long demise of glass-steagall | PBS
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Old 11-05-2010, 08:23 PM
 
Location: Wisconsin
37,953 posts, read 22,062,169 times
Reputation: 13772
Thanks.
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