EVERYTHING IS FINE!!! - AP ENTERPRISE: Biggest revenue drop since 1932 (Reagan, Kennedy)

[LordBalfor]

Originally Posted by motoracer51

Where is everyone that was saying Obama has fixed everything and that we're on a path to recovery?

He hasn't fixed everything, but we ARE on a path to recovery.
The fact that tax revenues are down is like a DUH!!!! moment.
What do you expect taxes to do during a recession.

Man! You folks are desperate. LOL.
You move from one "doomsday" top to the next as your "prophecies" fall flat on their face.
"OMG!!!!! We're headed for a Great Depression!!!!!"
Whoops! No we're not
"OMG!!!!! Obama will NEVER let the banks repay (because he wants to Socialize them permanently!!!!!!)"
Whoops! Sure he will (and no he doesn't).
"OMG!!!!! The stock market rally is just a temporary Bear Market Rally!!!!!!"
Whoops! No it isn't. It's one of he biggest rallies in market history.
"OMG inflation is horrible!!!"
Whoops! Inflation hasn't been the issue. The issue has been DEFLATION so far.
"OMG!!!! China is dumpting the US dollar!!!!!"
Whoops! China has been INCREASING it's holdings of US T-Bills.
Etc, etc, etc.
"OMG!!!! Housing will NEVER recover!!!!!"
Whoops! Housing IS recovering and prices are up in most parts of the country.

SSDD.
As one bogus claim is debunked, you simply move on to another.
As I said: SSDD.

Ken

[motoracer51]

A good video regarding the current market uptick, for anyone that has 10 minutes and a basic understanding of economics and finance.


YouTube - The truth about the market rally

[WalterK]

Originally Posted by Dopo

HOLY S...
Are republican that f........ stupid??????

If you give tax cuts (George Bush) = Government gets less money in taxes

Are you seriously telling me that republicans have a hard time understanding that?

You don't understand exonomics much huh? Google Hauser's Law please.

Better yet, here.

Raise GDP, raise revenue. This is why it is sometimes talked about how a flat tax would increase government revenue...the original reason for taxing. Now days it is more about control, which is why neither side will push for a flat tax.

[cleanhouse]

Originally Posted by Tank1906

Nobody said anybody has already fixed everything. That's your fabrication. The markets are improving, like it or not. Recessions don't magically end in one day. It took Bush and friends 8 years to completely destroy the economy.

I love your financial analysis-- " The markets are improving, like it or not. "

Well, thats good for the traders who will have six figure bonuses this year.

The Rich are getting Richer. Thanks to the Bailouts by both W and Obama.

[LordBalfor]

Originally Posted by cleanhouse

I love your financial analysis-- " The markets are improving, like it or not. "

Well, thats good for the traders who will have six figure bonuses this year.

The Rich are getting Richer. Thanks to the Bailouts by both W and Obama.

So am I - a LOT richer - 6 figures richer!



Ken

[J Arp]

Originally Posted by LordBalfor

So am I - a LOT richer - 6 figures richer!



Ken

Six figures? $1305.49? Yeah I got my tax return, too.

[LordBalfor]

Originally Posted by J Arp

Six figures? $1305.49? Yeah I got my tax return, too.

Yeah but there is no decimal in MY 6 figures.

Lost that much under the last 18 months of Bush and regained nearly all of it under 6 months of Obama. Of course that also counts NEW money I've added over that time - however, if the S&P can gain 40-45 more points I'm at a new high even EXCLUDING the new money I've added.



Ken

[Jadex]

Gov keeps spending isnt that wonderful

[floridasandy]

Originally Posted by LordBalfor

He hasn't fixed everything, but we ARE on a path to recovery.
The fact that tax revenues are down is like a DUH!!!! moment.
What do you expect taxes to do during a recession.

Man! You folks are desperate. LOL.
You move from one "doomsday" top to the next as your "prophecies" fall flat on their face.
"OMG!!!!! We're headed for a Great Depression!!!!!"
Whoops! No we're not
"OMG!!!!! Obama will NEVER let the banks repay (because he wants to Socialize them permanently!!!!!!)"
Whoops! Sure he will (and no he doesn't).
"OMG!!!!! The stock market rally is just a temporary Bear Market Rally!!!!!!"
Whoops! No it isn't. It's one of he biggest rallies in market history.
"OMG inflation is horrible!!!"
Whoops! Inflation hasn't been the issue. The issue has been DEFLATION so far.
"OMG!!!! China is dumpting the US dollar!!!!!"
Whoops! China has been INCREASING it's holdings of US T-Bills.
Etc, etc, etc.
"OMG!!!! Housing will NEVER recover!!!!!"
Whoops! Housing IS recovering and prices are up in most parts of the country.

SSDD.
As one bogus claim is debunked, you simply move on to another.
As I said: SSDD.

Ken

shouldn't the "DUH" moment be realizing that you can't spend more and get more tax revenue during a recession - as you just stated?

wasn't obama's whole plan predicated on getting more taxes from the rich??

[LordBalfor]

Originally Posted by floridasandy

shouldn't the "DUH" moment be realizing that you can't spend more and get more tax revenue during a recession - as you just stated?

wasn't obama's whole plan predicated on getting more taxes from the rich??

Revenues will increase DURING the RECOVERY.
No one expects revenues to increase NOW.

The same logic is used by proponants of Tax Cuts - their idea being that revenues will increase when the economy recovers as well.
It's really pretty simple.
You shouldn't have problems understanding the concept - unless you are deliberately doing so.

Ken