yeah, mc cain looks like the least of the EVILS.
peace,
surf
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A must watch video, Obama's radical tax plan...
- Thread starter Mvic
- Start date
yeah, mc cain looks like the least of the EVILS.
peace,
surf
Quote from Mvic:
http://link.brightcove.com/services/link/bcpid86195573/bclid212338097/bctid1414665553
Do Obama supporters realize that he is going to not only increase taxes on Dividends, cap gains, and just about everything else, but also get rid of the payroll tax cap? This means an additional 6.2% federal tax in income above $102K for employees AND employers. By the time he is done people making $250K will be paying a top marginal Federal tax rate of about 45%. Add in state tax and we are at over 50%.
If the current economic woes are not enough to push us in to a severe recession Obama's tax plan will certainly do the trick.
Takes investment out private hands and puts it in government's hands.
In essence he is the worst tax and spend liberal nightmare that fiscally conservative Americans have had to deal with in the last 40 years and yet all we hear from the media is "hope" and "yes we can". If people in the GOP understood what they were facing in Obama they would quit bickering about McCain and do whatever it took to get him elected.
I think we desperately need to raise taxes. You can cut spending some, but not by $500 billion a year or whatever the deficit's going to be in 08. The payroll tax should be raised immediately; SS and Medicare are heading towards disaster, and why on earth should the rich pay less in percentage terms than the average worker? If anything, they should pay more.
As for tax rises hurting our economy, give me a break. We just had a tax cut in 2003, years of cheap money, "fiscal stimulus" and borrow n' spend policies, and lo and behold, America's economic performance has been in the shitter since then. Our economic foundation is eroding because of our beggar-thyself trade and economic policies. We borrow from China so we can cut taxes for the rich and those - like the traders on ET - who don't want to get real jobs (I include myself in that, day jobs suck). Then we send billions in interest payments back to China so Beijing can scoop up what world-class firms we have left in this country. You want MORE tax cuts? MORE borrowing? Makes one wonder if anyone these days thinks about what's good for their country, and what they might do to make it stronger, rather than always for themselves.
I'm all for higher taxes so long as the money isn't pissed away - say, on policing the streets of freaking Baghdad. Maybe Americans can be taught to sacrifice for their country and the national interest, even if it means they can't buy a $500 Iphone.
Quote from HotTip:
Am I the only one to think that McCain is the obvious choice? Not only is he a pork buster who's a strong believer of balanced budgeting, he also wants to control the growth of government. And he wants to maintain the offensive on the WOT. I think most surveys confirm that the American people favor these things by overwhelming majorities. Obama gives rousing speeches, no question about that, but his plans for nationalized healthcare, teacher pay raises, and infrastructure investment paid for by bringing the troops home immediately and instituting HUGE tax hikes is nothing short of disastrous. I don't know about his religious beliefs, but he's definitely motivated me to make my first presidential campaign contribution ever and donate to McCain. Hell, I even considered making a contribution to Hillary because Obama scares me that much!
And to all those fools who said the "stock market" wasn't helped by the Bush tax cuts, who ever said that helping the stock market was his goal? The guy inherited a recession that Clinton was lucky to escape through term-limits and presided over the worse attack in US history, and he still managed to grow the GDP by over 5% from 2000-2007. Obviously if you compare the stock market now to how it was when Bush entered office and the internet bubble was just beginning to burst, the performance of the market isn't going to be favorable. That's like comparing a stock's close to its intraday high and concluding that it must have performed poorly for the day.
Anyway, I can only hope that if (God forbid) Obama gets the nomination by virtue of all those nuthuggers out there, he will eventually be exposed for what he is -- a McGovern/Mondale Democrat with MLK skills at delivery.
He IS the obvious choice, but not to most people. The sad part is that what you wrote contains more logic than 90% of people use before voting...particularly for the communist party (formerly referred to as the 'democratic party').
That's not the point. I'm no fan of Bush, either. He spends way too much.
But Clinton's second term just so happend to be a bubble, as valuations ran to sky high levels. It wasn't a "healthy market" by any traditional definition. Breadth started to fall apart the last few years (1998-1999) as there were more losing stocks than winning ones. The market was carried by a few big names and mostly worthless tech stocks. Clinton doesn't deserve a drop of credit because there wasn't anything to be proud of in the first place. He just happened to be the philanderer-in-chief at the time.
And Clinton's first term (1992-1994) had a flat, choppy market that was no better than the Bush period.
But Clinton's second term just so happend to be a bubble, as valuations ran to sky high levels. It wasn't a "healthy market" by any traditional definition. Breadth started to fall apart the last few years (1998-1999) as there were more losing stocks than winning ones. The market was carried by a few big names and mostly worthless tech stocks. Clinton doesn't deserve a drop of credit because there wasn't anything to be proud of in the first place. He just happened to be the philanderer-in-chief at the time.
And Clinton's first term (1992-1994) had a flat, choppy market that was no better than the Bush period.
Quote from empee:
This is so ridiculous when ppl say this. So how many years would Bush have to be President to "take credit" for his policies?
Quote from HotTip:
And to all those fools who said the "stock market" wasn't helped by the Bush tax cuts, who ever said that helping the stock market was his goal? The guy inherited a recession that Clinton was lucky to escape through term-limits and presided over the worse attack in US history, and he still managed to grow the GDP by over 5% from 2000-2007. Obviously if you compare the stock market now to how it was when Bush entered office and the internet bubble was just beginning to burst, the performance of the market isn't going to be favorable. That's like comparing a stock's close to its intraday high and concluding that it must have performed poorly for the day.
...but now the stock market is headed down again. Obviously, whatever Bush's tax, fiscal, trade, and economic policies have accomplished, it hasn't been good for America or American business. It's a simple matter to grow GDP when you preside over a massive increase in government employment and spending, and you borrow money from foreigners to pay for it all. Go see how much of that growth has been in the private sector, and how much of that has been in sectors other than finance.
As with just about everything else, on the economic front, George W. Bush has taken a crap all over the rug and left his successor to clean it up.
Yes, the money is better spent on handouts...like all those vouchers Katrina "victims" used to go to bars and strip clubs.
Little wonder they're all voting for Obama...
Little wonder they're all voting for Obama...
I'm all for higher taxes so long as the money isn't pissed away - say, on policing the streets of freaking Baghdad. Maybe Americans can be taught to sacrifice for their country and the national interest, even if it means they can't buy a $500 Iphone. [/B]
McCAIN is a lesser of the two evils my friend.
Look at his record on Illegal Immigration. I mean, disobey rule of law? Disrespect all those "Legal Immigrants who came across to Paris Island, those friends and x girlfriends of mine who had to wait year and years to take the Oath to become a citizen during college. All those Asians, Jews, Irish, Brits, Africans, who stood in line, studied and respected RULE OF LAW!
McCAIN is good for the "Terrorist Effort". He is a hero and what he did in Vietnam is more than "Patriotic".
However, he is soft on a few key issues. He does not have much of an economic plan. The next President will have his way with Federal Judges, a lot of "Seats"coming up and I trust McCain to fill them proper.
I would take McCAIN over the two Socialist any day.
However, the Illegal Immigration problem is just that, a HUGE PROBLEM.
The Mexican President is just playing into the pathetic minds of the sheeople when he says that ANTI-ILLEGAL IMMIGRATION is wrong.
Of course he says such things, MEXICAN GOV. does not want to take care of their POOR. They want the US to take up that "Noble Cause".
I live downtown SAN ANTONIO TX, and I can tell you, ILLEGAL IMMIGRATION has taken a toll on all kinds of "resources".
I am based in a city that is over 70% Mexican and has under 20% of the population with a 4 year degree. San Antonio is built upon the ideas and culture of the poor mexican. San Antonio is a 'Safe Haven" for Illegals. That is why the average wage for a "Johnny 9 to 5" is between 32K to 37K. The Average home is 170k but SA has one of the highest forclosure rates in the state.
SA was voted the best city for couples....for no reason other than its dirt cheap, which is not a positive factor, as you get what you pay for.
A Poor, Uneducated Population drags down the Wages, and Tax bases but drives up "Resources".
Look at his record on Illegal Immigration. I mean, disobey rule of law? Disrespect all those "Legal Immigrants who came across to Paris Island, those friends and x girlfriends of mine who had to wait year and years to take the Oath to become a citizen during college. All those Asians, Jews, Irish, Brits, Africans, who stood in line, studied and respected RULE OF LAW!
McCAIN is good for the "Terrorist Effort". He is a hero and what he did in Vietnam is more than "Patriotic".
However, he is soft on a few key issues. He does not have much of an economic plan. The next President will have his way with Federal Judges, a lot of "Seats"coming up and I trust McCain to fill them proper.
I would take McCAIN over the two Socialist any day.
However, the Illegal Immigration problem is just that, a HUGE PROBLEM.
The Mexican President is just playing into the pathetic minds of the sheeople when he says that ANTI-ILLEGAL IMMIGRATION is wrong.
Of course he says such things, MEXICAN GOV. does not want to take care of their POOR. They want the US to take up that "Noble Cause".
I live downtown SAN ANTONIO TX, and I can tell you, ILLEGAL IMMIGRATION has taken a toll on all kinds of "resources".
I am based in a city that is over 70% Mexican and has under 20% of the population with a 4 year degree. San Antonio is built upon the ideas and culture of the poor mexican. San Antonio is a 'Safe Haven" for Illegals. That is why the average wage for a "Johnny 9 to 5" is between 32K to 37K. The Average home is 170k but SA has one of the highest forclosure rates in the state.
SA was voted the best city for couples....for no reason other than its dirt cheap, which is not a positive factor, as you get what you pay for.
A Poor, Uneducated Population drags down the Wages, and Tax bases but drives up "Resources".
I'm not going to defend Bush on the growth of government spending. Personally I think that aspect of "compassionate conservatism" is unforgivable. As far as your comment that most GDP growth during Bush's term was due to government spending -- total federal outlays grew from $1.789 trillion to $2.770 trillion from 2000-2007, a growth of $981 billion. The US GDP grew from $9.817 trillion to $13.843 trillion during the same period, a growth of over $4 trillion. So the growth in goverment outlays only represents less than a quarter of GDP growth.Quote from Specterx:
...but now the stock market is headed down again. Obviously, whatever Bush's tax, fiscal, trade, and economic policies have accomplished, it hasn't been good for America or American business. It's a simple matter to grow GDP when you preside over a massive increase in government employment and spending, and you borrow money from foreigners to pay for it all. Go see how much of that growth has been in the private sector, and how much of that has been in sectors other than finance.
As with just about everything else, on the economic front, George W. Bush has taken a crap all over the rug and left his successor to clean it up.