You're correct about Bush being a shit, of course. But under NObama's hand, it will be worse... ultimately a LOT worse... Study up on some world financial history. What's happening now in the USSA is not unique. In fact, it's the norm... has happened over and over again... just wasn't supposed to happen here.
Reuters poll of U.S. public: Dem "sweep" better for U.S. stocks
- Thread starter wilburbear
- Start date
You're correct about Bush being a shit, of course. But under NObama's hand, it will be worse... ultimately a LOT worse... Study up on some world financial history. What's happening now in the USSA is not unique. In fact, it's the norm... has happened over and over again... just wasn't supposed to happen here.
There were enough Republicans that voted for the bailout and the bail-out was Paulson's idea, treasury secretary under Republican president. We know from the Clinton years that people do not stop innovating and investing just because the taxes are high. If the taxes are 100%, then there is no incentive to work hard but at 38%, it's no biggie. I'd rather see 38% taxes and a strong dollar than 0% and a worthless dollar. If we were to get rid of taxes then who'll pay for the police, the traffic lights and as such.
Since when do FEDERAL INCOME TAXES pay for MUNICIPAL services?
I don't want to write an essay here but the emerging trend will the fiscal failure of property tax dependant local governments-the institutions who provide us the actual services we NEED- while Big Brother in D.C. keeps right on ticking with his massive powers of taxation.
Secondly you can spin it however you want-yes the plan was proposed by a GOP administration-but the bailout was REJECTED by the GOP rank and file. Period.
And lastly this IS NOT the "Clinton years". Look at a chart. What were stocks doing before Clinton was elected? They were ALREADY in bull mode. Which way was Congress leaning? To the right! Clinton had Newt Gingrich in his way. Obama will have Nancy Pelosi and Barney Frank sucking his wee-wee. Perhaps literally.....
I don't want to write an essay here but the emerging trend will the fiscal failure of property tax dependant local governments-the institutions who provide us the actual services we NEED- while Big Brother in D.C. keeps right on ticking with his massive powers of taxation.
Secondly you can spin it however you want-yes the plan was proposed by a GOP administration-but the bailout was REJECTED by the GOP rank and file. Period.
And lastly this IS NOT the "Clinton years". Look at a chart. What were stocks doing before Clinton was elected? They were ALREADY in bull mode. Which way was Congress leaning? To the right! Clinton had Newt Gingrich in his way. Obama will have Nancy Pelosi and Barney Frank sucking his wee-wee. Perhaps literally.....
Municipal services were just an example. What about military and defense? Republicans talk about fiscal resonsibility only when the other party is in power.
Do you think we are in a bull or a bear mode right now?
What about the 4 years before that? At least with Democrats you know that they will take your money directly. Republicons will not take money from you directly but will print more money and make what you have worthless.
Have you forgetten already?
Taxpayers had to bail out PRIVATE banks. The military oil junta leader Bush made it so - citizens had not choice no vote they were never asked!
Taxpayers in the USA have to spend 50% of every tax dollar on no-bid contracts, wars, and "aid" to Israel.
IF that's not enough misery for you...read this quote.
The inherent vice of capitalism
is the unequal sharing of blessings;
the inherent virtue of socialism
is the equal sharing of miseries.
Sir Winston Churchill
You're leaving the part where the period from FDR to post-LBJ included the world's greatest expansion of GDP. Between 1933 and 1970 tax rates were much, much higher than today, proving that higher taxes are not necessarily anti-job and anti-growth. When all is said and done, economic history will show, through cold hard numbers, that the Democratic hybrid capitalist-socialist economy outperforms the Reagan-Bush supply side economy.