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Old 08-04-2011, 03:21 PM
 
Location: Pluto's Home Town
9,982 posts, read 13,756,994 times
Reputation: 5691

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Quote:
Originally Posted by marcopolo View Post
I'm thinking the couple with $250k adjusted gross income and the usual deductions, paying $50,000 annually in federal income taxes, recently turned a lot more pessimistic when the president lumped them in with billionaires and told them they are being greedy and selfish and unfair and his top priority is to hammer more money out of them.

If they are making $250k, then they are doing better than about, what 95% of their fellow citizens. They are doing great. I have a feeling they'll survive going back to Clinton era tax levels. We are heading for Brazil-like status under the current tax system,and that does not create a society any of us grew up in or came to love.

Considering the fact that they still have jobs, I think they can "get over it."
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Old 08-04-2011, 03:30 PM
 
Location: Marion, IA
2,793 posts, read 6,121,789 times
Reputation: 1613
How appropriate this happens on Obama's birthday.
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Old 08-04-2011, 03:31 PM
 
Location: The Twilight Zone
773 posts, read 503,643 times
Reputation: 363
Quote:
Originally Posted by summers73 View Post
The stock market is clearly racist.
LOL
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Old 08-04-2011, 03:31 PM
 
7,006 posts, read 6,991,857 times
Reputation: 7060
rotfl "Dumbest tweet of the Day"

Twitter / T.M. Hardt: 401k's and retirement plans are crashing all over America because republicans hate the black guy.

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Old 08-04-2011, 03:35 PM
 
Location: NC
9,984 posts, read 10,389,353 times
Reputation: 3086
It is amazing. There is a direct correlation between electing Republicans and destroying the economy.
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Old 08-04-2011, 03:42 PM
 
Location: Great State of Texas
86,052 posts, read 84,450,777 times
Reputation: 27720
Quote:
Originally Posted by Randomstudent View Post
It is amazing. There is a direct correlation between electing Republicans and destroying the economy.
No..this is the real economy showing its ugly head.
No more stimulus and no more QE.

You've been fooled for 2 years now.
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Old 08-04-2011, 03:43 PM
 
Location: The Twilight Zone
773 posts, read 503,643 times
Reputation: 363
Wait, here comes the liberal excuse for why raising the debt ceiling did not stop the crash.

"Well it would have been a lot worse if we didn't do it. We SAVED or CREATED less of a drop than there otherwise would have been"


LOL. Sheeple!
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Old 08-04-2011, 03:43 PM
 
Location: Orlando
8,276 posts, read 12,855,535 times
Reputation: 4142
Why is this a surprise?

You have consumers not spending money.

You have business not investing in the US

You have people wanting government not to spend.

So you have a triple whammy that does not spell relief for our economy.

You have the TP and generally repugs coming out with horrible ideas that negatively impact the economy. plus the economies of Europe are very shaky now.

And you are surprised about the market dropping... Repugs should be elated... they have brought the economy to a standstill, that is what they wanted.... Mission Accomplished!
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Old 08-04-2011, 03:44 PM
 
Location: Texas State Fair
8,560 posts, read 11,211,407 times
Reputation: 4258
Does this mean those rich people aren't as rich as they used to be? If so, should we reduce federal spending as a result of reduced revenues?


‪Al Jolson - Brother can you spare a Dime‬‏ - YouTube
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Old 08-04-2011, 03:47 PM
 
Location: Great State of Texas
86,052 posts, read 84,450,777 times
Reputation: 27720
Quote:
Originally Posted by AONE View Post
Why is this a surprise?

You have consumers not spending money.

You have business not investing in the US

You have people wanting government not to spend.

So you have a triple whammy that does not spell relief for our economy.

You have the TP and generally repugs coming out with horrible ideas that negatively impact the economy. plus the economies of Europe are very shaky now.

And you are surprised about the market dropping... Repugs should be elated... they have brought the economy to a standstill, that is what they wanted.... Mission Accomplished!
Take a look around the world..Greece, Italy, Portugal and Ireland just to name a few are crashing as well.

This is a global depression with countries on the verge of sovereign default. This is not isolated to the US and not due to 6 months of Republican majority in the House.

But you go ahead and think that anyway.
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