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You can increase taxes and mandates on 95% of the nation, while giving exeptions to the other 5% who arent bribing you.. Thats what Obama is doing you know.. Healthcare bill.. yep.. exemptions, Stimulus bill.. yep.. $3.2B to GE for supporting Obama.. Just because a small percentage bought special credits by bribing the president, doesnt mean those without the ability or connections arent picking up the tab..
I'm sorry.. when you said "self righties" I thought you meant the righties.. Silly me for reading what you actually said.
Well clearly you didn't read what actually said because actually said:
Quote:
Perhaps now you can cut the self righteous patronizing tone.
the tax CODE is a burden on corporations, and individuals. Maybe you are smarter than me, but I find this a little difficult to follow every year
Especially considering it changes daily..
Yes it does change daily, to the benefit of the fat cats and detriment of the rest of us. Small businesses don't stand a chance because the fat cats can always slide over to K Street and grease some wheels in order for the newest legislation, which ironically is usually a "reform" measure, to stack the deck just a little bit more in favor of corporate interests. I agree that the tax code is a burden, I just disagree with who it's a burden on. It's a burden on small and medium sized businesses that get crushed under inane rules and red tape. Those rules and red tape were designed to be a burden by the companies that are big enough to wiggle through the tax maze and loopholes unscathed. It's a casino with loaded dice and marked cards.
Well clearly you didn't read what actually said because actually said:
I stand corrected..
Quote:
Originally Posted by NorthGAbound12
Yes it does change daily, to the benefit of the fat cats and detriment of the rest of us.
Not entirely accurate.. It changes daily to benefit those who help write the laws.. GE being a prime example..
Quote:
Originally Posted by NorthGAbound12
Small businesses don't stand a chance because the fat cats can always slide over to K Street and grease some wheels in order for the newest legislation, which ironically is usually a "reform" measure, to stack the deck just a little bit more in favor of corporate interests.
But when you say "corporate interests" this includes small businesses.. The reason people are confusing what you say is you lump all corporations together.. As you now finally seperated, and I agree with you, small businesses dont stand a chance because the tax code is written by big businesses to benefit big businesses, and this is enabled by politicians.
Maybe a better solution is to STOP WRITING NEW CODE.. and start simplifying and standardizing the current code to make it an even playingfield...
I'm so tired of hearing that we need yet more legislation to fix the current problems, when all we are doing is compounding the problem..
Quote:
Originally Posted by NorthGAbound12
I agree that the tax code is a burden, I just disagree with who it's a burden on. It's a burden on small and medium sized businesses that get crushed under inane rules and red tape. Those rules and red tape were designed to be a burden by the companies that are big enough to wiggle through the tax maze and loopholes unscathed. It's a casino with loaded dice and marked cards.
But lets be fair, its also a burden on big businesses.. Just not the ones who arent buying the connection.. For example.. If big business corporation like AIG helps to write a law, it can be harmful to other big businesses who didnt write the law. To modify their businesses to comply with the new standards that AIG already complied with, a big business might have to spend billions..
A more realistic example might be, GM, who was owned by the government for a period of time, could help write a law mandating factories all comply with x, y, z, knowing full well that Fords factories didnt comply with x, y, z. This would require Ford to spend billions retrofitting.
A very real example would be the rules involving the healthcare legislation. Those who wrote it, set the standards to allow themself special exemptions while the rest of the nation needs to comply with it.
You cant even blanket all big businesses together and claim they are to blame.. in reality its our politicians who allow big corporations to write legislation without looking at the ramifications and the impact it has on society..
You have to remmeebr what the second half of TARP which was left by Bush for the Obama administration to use was desginate for by Bush. The housing crisis. Obama instead used it to bailout GM and Chrysler and Geithner promised a privte/public howowner plan. The only paln was to let refis thru fannie Mae. That resulted in those being refied going into foreclosure at 59% rate again.Now the4 treasury is proposing to eliminate governamnt being the gusaranteor of hosuig loan in the future .Thatis the administration speakig here. Basically the3 adminitration first priotiy was to save the UAW with TARP money and then they went on to sell a stinulus by saying it was a massive infrastructure plan that woulod creat huge number of job to keep unemployemnt at or below 8%. Basic that was trtue either has most went to states that were allowed to use it for such things as emplyees pay that were already hired.So nw we see twop plans failures and yet people want more of the same;kindof makes sense not to do teh same again at taxpayers cost. Looking at the TARP it is only the Bush loans to big banks that have been paid off with some profit.
I just read through this thread and a few things jump out at me:
As far as TARP being repaid by the banks, this is partially true. All the BIG banks (evil fat cats) have paid back the loans with interest. The mid-size banks (poor victims) have not.
I work for a big bank, but I was against TARP. What lesson does bailing us out send? That we can do the same thing again when we are so inclined?
As far as the tax code, based on the number of employees these organizations have, I think this is a necessary evil. It was one thing back in the 50s when the corps were at the mercy of the govt, but now, you ratchet up the corp tax rate and they will just go overseas to a friendlier country. It's a global economy now and we really do have to compete for these corporations.
Yet they give Banks a trillion dollars along with billions in bonuses. Double standard? Let the free market handle this, except when it comes to rich bankers. They need all the help they can get.
Perhaps the OP chose to ignore that it was the Democrat Controlled Congress, including Obama, who chose to bailout the banks and not soley members of the GOP.
Another false title thread and more lies from the left.
I should not have had to bail out the banks and I should not have to bail out homebuyers who are in over their heads because they chose to buy on credit. Period.
We need a functioning banking system. Keeping people in homes they cannot afford.........we don't need so much.
hmmm and you see the to as independent? interesting! are you shorting bank stocks?
when a bank raises interest rates as much as 10x on a home owner it can strap the healthiest of incomes. I had a client whose interest went from 3% to 31%, his payments doubled. He loved his house and the bank would do nothing about their usury practices. So instead of working with him they are opting to take a $150k loss on the note... that makes sense.
Here is my notion of math, 4% at $225k is better than losing 150k plus expenses. Why no one has put the screws to these interest charges or forced the banks to convert the ARM's to fixed long term, I don't know. It would have ended most foreclosures.
The cost of money from the Fed went to historical lows yet they raised interest to record highs... that translates to 1 thing --- Greed. and yet the banks get protected and rewarded... outrageous.
Not entirely accurate.. It changes daily to benefit those who help write the laws.. GE being a prime example..
But when you say "corporate interests" this includes small businesses.. The reason people are confusing what you say is you lump all corporations together.. As you now finally seperated, and I agree with you, small businesses dont stand a chance because the tax code is written by big businesses to benefit big businesses, and this is enabled by politicians.
Maybe a better solution is to STOP WRITING NEW CODE.. and start simplifying and standardizing the current code to make it an even playingfield...
I'm so tired of hearing that we need yet more legislation to fix the current problems, when all we are doing is compounding the problem..
But lets be fair, its also a burden on big businesses.. Just not the ones who arent buying the connection.. For example.. If big business corporation like AIG helps to write a law, it can be harmful to other big businesses who didnt write the law. To modify their businesses to comply with the new standards that AIG already complied with, a big business might have to spend billions..
A more realistic example might be, GM, who was owned by the government for a period of time, could help write a law mandating factories all comply with x, y, z, knowing full well that Fords factories didnt comply with x, y, z. This would require Ford to spend billions retrofitting.
A very real example would be the rules involving the healthcare legislation. Those who wrote it, set the standards to allow themself special exemptions while the rest of the nation needs to comply with it.
You cant even blanket all big businesses together and claim they are to blame.. in reality its our politicians who allow big corporations to write legislation without looking at the ramifications and the impact it has on society..
Well yes, if I'm confusing that's my bad. When I talk about "fat cats" and other diatribes I'm aiming it at those businesses who have an army in K Street writing laws and buying favors. We need a simpler, fairer tax code. We shouldn't end regulation, in fact deregulation helped get us into this mess. I believe in a free market but we do need some referees. For instance, restoring the Glass-Steagall Act would be helpful.
Yet they give Banks a trillion dollars along with billions in bonuses. Double standard? Let the free market handle this, except when it comes to rich bankers. They need all the help they can get.
Good America wanted the tea party now shut the %^^& up and take it. I hope they do more. I hope the tea party wins their war on the poor and middle class and I mean it. You vote stupid you get to be the peasants for the nobles in this country. Nothing new here.
Without calling out anyone specifically .... the majority of this thread is a conglomeration of blithering political nonsense, and finger pointing in every direction except the truth.
On another forum which was so steeped in progressive BS, it made this Forum look like the John Birch Society ... I was hammered by the liberals when I said that not a single thing would change when the Democrats took control of congress in 2007 ... and I was right. Then, even before Obama got the nomination, I said it would be Obama for president, running against the weakest republican of the group ... and who was that? The "corpse" John McCain ... that pitiful sad excuse for a bribe taker that he is, and his undying and unapologetic support of Bush, in the midst of Bush being one of the most unpopular presidents in history .. (this background info is relevant). And, I predicted that Obama would not only become president, but would also become George Bush on steroids, and that is precisely what has happened.
Financially .. in the 8 years of the Bush administration, the national debt increased from 5.7 Trillion to 10.7 Trillion ... a horrendous 5 Trillion increase, almost doubling of the debt with illegal wars, fat cat tax reductions, and Banker Bailouts. Yet, under Obama, the debt has increased 3.7 Trillion in just the first 2 years ... extrapolated out ... with the current trend unchanged ... Obama would add 14.8 Trillion over 8 years ... almost THREE TIMES the debt the Bush criminal added. (That qualifies and confirms my claim that Obama would be, and is, Bush on steroids).
And that is just DEBT ..... all of the other objectionable policies of the Bush administration has seen either a steady status quo ... or an expansion under Obama.
What we see happening today was a well oiled plan, hatched toward the end of the Clinton administration ... the repeal of the Glass-Steagall Act under Clinton, set the stage (and was predicted by opponents at that time) for the inevitable financial crisis that hit in 2008, and continues today. Bush came in and helped feed that downfall with unbridled spending on war ... while the shysters at the FED and Wall Street pillaged the economy virtually unnoticed with their "derivatives" and "Mortgage Banking" and "Speculation" schemes which the repeal of Glass-Steagall facilitated.
Toward the end of the Bush regime, the banker "bailouts" began, and escalated under Obama .... which was the plan all along. Put a Black man in the White House .... blame everything on Bush, and put a liberal face on those "tough decisions" necessitated by Bush's irresponsibility.
And you can't blame poor Obama .... he inherited a mess ...right? Yeah, RIGHT. The reality is, Obama took the baton handed him by the Bush criminals, and ran with it even faster in the "race to the bottom". That's right ... good ole Obama and his "Hope & Change" and his charisma and eloquent BS skills (Bush set the bar so low, anyone would look like a Statesman, by comparison) has lied so much, they'd need to add a wing to the White House just to accommodate his freaking nose ... if he were Pinocchio.
And there they are ... the Republicrats crying foul ... embracing the constitution for the first time in 8 years ... they didn't seem very concerned about the constitution when Bush was wiping his feet on it .. now all of a sudden, they're concerned? Sure ... right .... great ... now they want you to believe they care about the American Republic? Hardly.
And what of the American People? By and large, the most gullible, stupid human beings now residing on planet earth. Ask me if there is an iota of difference between the Bush Morons, who still believe WMD's were actually found in Iraq, and the Obama-bots who hang on every word that con artist says ... and I'll tell you, the Obama-Bots are worse ... which is the one fact that I didn't predict, because I didn't think ANYONE could be as moronic as the Bush die-hards. I was wrong, and they ... the Madison Avenue "White Shoe Boys" who created this financial DISASTER (and Obama) in the first place were right .... they figured that Obama woud be given a blank check ... a virtual unlimited political pass to do virtually anything they wanted ... and they were correct. Only liberal progressives could be counted on to support the final death blows to be inflicted, because it is well understood the self destructive nature of leftist progressives who defy the laws of mathematics hen it comes to making the worst possible decision and the worst possible times.
The bottom line is, Comrade Klinton was the set up man ... Bush put the Nation on the Ropes ... and Obama, his tag team partner, was brought in to finish off the job. A weary nation, blurry eyed, knocked half unconscious and laying helpless on the ropes ... Obama's job was easy ... get in there baby ... they're on the ropes ... throw everything you got at em' ... and that IS WHAT IS HAPPENING.
More war, more banker bailouts , double to triple the debt accumulation, expansion of the Police State ... Forced Health Care .... and now ... Obama taking his War Orders directly from the UN without so much as a conversation with the bribe takers on Capitol Hill, bombing Libya ... eyes on Syria ... and Iran.
BUT ..... BUT ..... BUT ..... ALL OF THIS is the fault of people who took on home mortgages they couldn't afford? Good lord almighty .. people will believe ANYTHING. And as blatant and obvious as this scam is ... the masses who are so hopelessly lost in the left-right charade are unlikely to ever wake up.
Like taking candy from a baby, BABY!
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