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He presided over one of the lowest unemployment rate in this country and the Obama train is still going. Whether you admit to this fact is irrelevant.
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You mean he extended the bush tax cuts....thanks bush....
So, these companies waited until now to give the bonuses.....hahahahahahahaha
He also presided over the lowest labor participation rate. Whether you admit to this fact is irrelevant.
So, these companies waited until now to give the bonuses.....hahahahahahahaha
He also presided over the lowest labor participation rate. Whether you admit to this fact is irrelevant.
The tax cut was to the middle class!!!
The stimulus was to the big companies. You are confusing different policies. The stimulus spurred growth and brought us out of the Great Recession. This is a fact.
Low labor participation would have meant something if it hasn't been falling since Bush was president and remains pretty much flat under Trump.
After taxes that's what, $670-$750? Big deal. That's not even a mortgage payment. Southwest and AA (for anyone not in the Metromess) are both headquartered in north Texas. Housing costs have gone up 40% here in the last few years but wages have remained stagnant.
A real boost to the middle class would be a significant pay raise, not a one-time throwaway $1k bonus.
The federal reserve rescued the economy. Note they bought Trillions in buying Treasury bonds and mortgage-backed and US agency securities in the open market.
Quantitative easing did the trick. In point of fact, Ben Bernanke and Janet Yellen after him both spoke often of the need for the Obama Administration to provide fiscal stimulus to aid in the recovery. He did not. Oh, and that puny 900 billion? That was already baked into the budget by the outgoing Bush administration.
None of the forgoing is disputable.
Quote:
Originally Posted by beb0p
Obama signed a $858 billion tax cut deal in 2010.
And he rescued the economy.
He presided over one of the lowest unemployment rate in this country and the Obama train is still going. Whether you admit to this fact is irrelevant.
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Yeah, because Obamacare did such a wonderful job of making health insurance affordable.
Had the ACA done anything to actually make health care affordable, the individual mandate may have been a good thing. For the majority of the working class, though, it combined prohibitive rates with exorbitant copays.
Let's take a logical look at your argument.
Insurance Company A raises their rates. Rates are now too expensive for most to afford, so Insurance Company A loses customers. They still have some that can afford the prohibitive rates, but far less than they had before.
Insurance Company B realizes that affordability and quality are the main reasons why consumers purchase a product or service. They lower their rates, drawing off customers from Insurance Company A, and their customer base increases.
Which company is in better shape?
Considering that you are complaining about the removal of unethical (and technically illegal) portions of a law that was broken before it ever went into effect, you'll probably answer that Insurance Company A is in better shape. But, that's only because you don't understand economics - which is evident due to the fact that you think the individual mandate is a good thing.
Overall, what do you think is a better idea between these two?
1) Continue to force American citizens to purchase a faulty product that they can't afford in order to prop up the insurance companies.
2) Stop forcing American citizens to purchase a faulty product that they can't afford and force the insurance companies to engage in a market where they will have to provide quality products at an affordable price in order to gain customers.
The answer is evident to anyone who uses common sense to approach the question.
It truly amazes me that the same demographic (liberals) who hate big business are now losing their collective mind over the fact that big health insurance businesses are no longer being propped up by an artificial market that was arbitrarily created by a President who supposedly was looking after the common people.
If you go back 35 years, the same type of idiotic doom and gloom was being said about the breakup of Ma Bell. While the situation isn't exactly the same, nobody can reasonably argue that increasing competition put the end consumers in worse shape than they were before. While what we are dealing with now isn't a monopoly, but it does, in effect, work the same way. Just like when one company has a total monopoly, when consumers are forced into business with a small number of companies there is no incentive for those companies to set their prices at an affordable level.
Insurance company B does not exist.
If you think I'm on the side of the insurance companies you very mistaken.
After taxes that's what, $670-$750? Big deal. That's not even a mortgage payment. Southwest and AA (for anyone not in the Metromess) are both headquartered in north Texas. Housing costs have gone up 40% here in the last few years but wages have remained stagnant.
A real boost to the middle class would be a significant pay raise, not a one-time throwaway $1k bonus.
If I could undo the Trump tax bill...yes, I would turn it down.
So, the extra money each month in your pay check, you'll be sending it to the treasury?
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