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Old 03-16-2015, 10:13 AM
 
Location: Texas
37,939 posts, read 17,769,702 times
Reputation: 10366

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Quote:
Originally Posted by Quick Enough View Post
A bubble is just that. It could have burst under Clinton. Or even under Obama. But, it didn't. It burst under Bush.

Bush DID send 17, I believe, letters to Congress to try to get them to address the mortgage problem.

We have videos of barney frank (D) saying IN Congress, that "we have no problem".

We have cris dodd (D) in the Senate ALSO denying any problems.

You might want to read this:

"[SIZE=+1]LETTER: Bush raised red flags about Fannie and Freddie[/SIZE]

LETTER: Bush raised red flags about Fannie and Freddie
He flip flopped. No guts. His 2004 Republican Convention speech mentions adding more homeowners to the mix when he should have been doing everything he could to get lending standards back up to the free market level.

btw the dot-com bubble burst under Clinton. It was the same free money which causes our booms and busts and they are government induced.

 
Old 03-16-2015, 10:54 AM
 
Location: St Paul
7,713 posts, read 4,724,266 times
Reputation: 5007
Quote:
Originally Posted by jojajn View Post
Since Governor Dayton pays MN income tax on anything he withdraws from this trust, your post is a moot point to this discussion. The discussion is how well MN is doing after finally having the 1% start paying their fair share instead of expecting the working class to do the heavy lifting.
Still not getting it I see. DAYTON IS THE 1%!!! He's a billionaire with several trusts funds that were moved out of Minnesota to avoid paying taxes. He pays Mn income tax on a paltry (by comparison) $166k of his fortune each year and has set it up so that no member of the Dayton lineage will ever pay inheritance or estate tax again on their fortunes. It's telling that you continue to defend him on this. His rhetoric is just that, rhetoric. Typical Democrat propaganda. There's an old saying that's applicable to Gov Dayton "I hear what you're saying, but I see what you're doing.".
 
Old 03-16-2015, 10:59 AM
 
Location: St Paul
7,713 posts, read 4,724,266 times
Reputation: 5007
Quote:
Originally Posted by jojajn View Post
Who is the governor of South Dakota who is in on this scheme?
Don't know, don't care. As far as I can tell he/she is just doing right by their state and bringing in a lot of money?

It's the Governor of Minnesota who claims the 1% should pay more taxes...then secretly funnels his own money out of Minnesota to avoid paying his own fair share.

You're really can't see the hypocrisy in this?
 
Old 03-16-2015, 11:20 AM
 
58,670 posts, read 26,957,041 times
Reputation: 14144
Quote:
Originally Posted by Loveshiscountry View Post
He flip flopped. No guts. His 2004 Republican Convention speech mentions adding more homeowners to the mix when he should have been doing everything he could to get lending standards back up to the free market level.

btw the dot-com bubble burst under Clinton. It was the same free money which causes our booms and busts and they are government induced.
And when Obama does a 180, he is "evolving". Got it!

Bush, unlike Obama, 'I have a phone and a pen", understands that CONGRESS makes the laws. LEGALLY all he COULD do, is ask CONGRESS to change the laws.

And don't forget WITHOUT the dems co-sponsoring the Authorization bill and supporting the the wars, Bush COULD NOT have acted.

Did he make the final decision? Absolutely but, he did so WITH the authority given to him by CONGRESS, and the SENATE was controlled by the dems.
 
Old 03-16-2015, 11:57 AM
 
13,817 posts, read 5,532,275 times
Reputation: 8506
Well, before we can answer what elected officials can do to "fight for the middle class" we need to define a few things:
  1. What is the Middle Class?
  2. What is the Middle Class in need of?
  3. What things hurt the Middle Class in regards to stability, security and upward mobility?
  4. What things help the Middle Class in regards to stability, security and upward mobility?
When we know those answers, then maybe we can figure out if elected officials are even capable of "fighting for the Middle Class."
 
Old 03-16-2015, 12:14 PM
 
Location: Annandale, VA
5,094 posts, read 5,157,307 times
Reputation: 4231
The only solution that will work is to roll back the federal government to what it did before Woodrow Wilson. All programs and departments created after that should be eliminated.
 
Old 03-16-2015, 12:58 PM
 
Location: New Orleans, La. USA
6,354 posts, read 3,639,473 times
Reputation: 2522
Quote:
Originally Posted by jojajn View Post
How can they fight for us when many of the middle class are fighting against their own self interests?

How Republicans Get Americans To Vote Against Their Own Self Interest


Why are people fighting against: raising wages, unions, pollution regulations, benefits for the poor, tax cuts for the middle class instead of the wealthy, and equal rights?
Why working-class people vote conservative | Society | The Guardian




Can anyone explain this phenomenon?
Republicans don't think for themselves, rather they are a "social group" bonded by a set of hatreds and desires. They hate welfare, freeloaders, homosexuals, and South American immigrants. And they desire a powerful military, talk of God, and guns.

And the whole republican "social group" all thinks the same. They all hate B. Obama, hate Obamacare, hate welfare, ex.ex.
Psychologists: Getting Liberals to Agree Really Is Like Herding Cats - Scientific American

And its natural for conservatives to be bonded together in a social group. But this social group of republicans is unable to see that they are being manipulated by the CEO's and large corporations that control the republican party.


Then every large group of humans has a leader. Like presidents, governors, mayors, Bishops, gang leaders, or the president of a local reptile club. And republicans also have leaders. Their leaders are the corporate Fox news and Rush radio talk show hosts, and their leaders are the corporate backed republican politicians.


The republicans are a social group, and politician/talk show representatives from large corporations became the leaders of their social group, and now you have republicans voting for corporate tax cuts instead of things that benefit themselves and benefit America.

The thing that scares me is black Americans voting democrat is the main thing that stops the corporate controlled republican party from totally controlling America. And today we have the republicans trying to bring black Americans into their social group.

But are low income black Americans stupid enough to vote against high worker wages, healthcare for all, and middle class tax cuts. And instead vote for CEO and corporate tax cuts? (I hope not.)

Romney's Economic Plan Includes $6.6 Trillion Tax Cut For The Rich And Corporations | ThinkProgress

Last edited by chad3; 03-16-2015 at 02:19 PM..
 
Old 03-16-2015, 01:01 PM
 
13,817 posts, read 5,532,275 times
Reputation: 8506
Quote:
Originally Posted by Spaten_Drinker View Post
The only solution that will work is to roll back the federal government to what it did before Woodrow Wilson. All programs and departments created after that should be eliminated.
Which was what Coolidge essentially guided his whole admin on, leaving office after his second term with the lowest misery index of any president's second term since Cleveland's 2nd. Harding and Coolidge together cut the federal budget in half, most Americans paid no income tax at all, and income tax revenue was actually higher than under Wilson's 2nd term.
 
Old 03-16-2015, 01:14 PM
 
Location: New Orleans, La. USA
6,354 posts, read 3,639,473 times
Reputation: 2522
Quote:
Originally Posted by jojajn View Post
How long will it take for people to realize that doesn't work? When the economy tanked under GWB, he gave a stimulus to the lower income earners, not the wealthy. That should tell us something.
GWB did $2.5 trillion dollars in tax cuts. The richest 1% of Americans got 52% of the Bush tax cuts, and the middle 20% of Americans earning $36,000–59,000 got 10% of the Bush tax cuts.

Bush Tax Cuts After 2002: June 2002 CTJ Analysis
 
Old 03-16-2015, 01:27 PM
 
Location: New Orleans, La. USA
6,354 posts, read 3,639,473 times
Reputation: 2522
Quote:
Originally Posted by nononsenseguy View Post
What you continually fail to understand is that you cannot help the middle-class (or the poor) by taxing the rich to death (destroying the rich).

Policies that undermine job creation (raising taxes on corporations, and the "rich") are always going to hurt the middle-class and the poor.

Businesses are started by people with investment capital. They are the job creators. Taxing business (corporate profits) at a high rate reduces business expansion. Have you ever heard the expression that "if you want less of something, tax it more?" Taxing business excessively results in less business expansion and reduces job creation.

That's why when Republicans want to stimulate the economy the usually talk about tax reduction. Democrats, on the other hand, talk about government spending with a corresponding tax increase on the job creators.
Billionaire CEO's have 11% federal tax rates, and single Americans making $100,000 have 22% federal tax rates.
Warren Buffett's Effective Federal Income Tax Rate Was Just 11% - Forbes
Tax Brackets (Federal Income Tax Rates) 2000 through 2014 and 2015

And large corporations have average effective tax rates of 12%, while small businesses pay 2x that rate.
GAO: U.S. corporations pay average effective tax rate of 12.6% - Jul. 1, 2013

And many large corporations (literally) have 0% tax rates.
Large companies find ways to a zero tax rate

And how is rich CEO's and large corporations having lower tax rates than everyone else helping America, when CEO's and large corporations are moving American jobs to Asia to get cheaper labor?


And Obama tried to raise CEO tax rates to fair levels, but the republicans stopped him.
Buffett Rule - Wikipedia, the free encyclopedia

And Obama tried to give the middle class and small businesses tax cuts, but the republicans stopped him again.
GOP Senators Reject Tax Cuts for Middle Class - CBS News
GOP Blocks Senate Small-Business Tax Cut Bill : Roll Call News
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