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Council Roc Doc
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From the Big O's website
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Date:
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11/20/2008 1:14:33 PM
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First 250K, then 200K, then 150K, now it looks like the threshold is 100K. Boy, what the suckers that voted for this dangerous clown must be asking themselves!
The Obama-Biden Plan
"The American dream is increasingly out of reach for many people. Americans with incomes below $100,000 have experienced stagnating wages, declining health care coverage, erosion of pension protections, rising personal debt, and jobs disappearing as a result of global competition and rising housing costs. Further, the gap between America’s richest and poorest is at its widest points in at least 25 years. At a time when costs are rising and Americans are working harder just to keep up, Barack Obama will provide relief for the middle class and support for working people. In addition to his health care and tax relief plans, Obama will make college affordable, reform our bankruptcy and credit card laws, protect the balance between work and family, and put a secure and dignified retirement within the reach of all Americans. Obama has been a strong advocate for working people throughout his public life, and he will stand up to special interests and bring America together to reclaim the American dream."
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| Name: |
GoneFishin
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From the Big O's website
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Date:
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11/20/2008 1:34:45 PM
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Calm down DOC. The Right just wants to take out of context every dollar amount used by Obama. Now you are suggesting a tax increase for those earning $100,000. I assure you that you can rest as President elect Obama will not be increasing the tax on your $100,000 salary.The Right had the past 8 years to practice fiscal responsibilty and look at the deficit!!!!!!!!!!!!
Now, get back to work and quit driving yourself crazy.
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water_watcher
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GF you are too much
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Date:
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11/20/2008 1:51:46 PM
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You are the only one that needs to calm down ... I see that once again when you have a chance to prove you are not a liar and even make a few dollars, but you just prove that you are. You continue to lose all credibility with anything you say. You want to tell others they are wrong, yet you continue to prove you are just a liar that envy's what others have.
You should be ashamed to even call yourself a man.
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| Name: |
Council Roc Doc
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| Subject: |
From the Big O's website
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Date:
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11/20/2008 3:32:17 PM
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Whew! I feel better now GF. Especially knowing that the number of rich people has increased significantly over the last few weeks. Lessens my burden you know. And I thought this was all due to the bailout. Little did I know that the Obama of hope and change was really " I HOPE they don't realize when I CHANGE the definition of rich". Back to work.......
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| Name: |
MartiniMan
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| Subject: |
Forget the amount!
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Date:
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11/21/2008 9:29:28 AM
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Every person that pays Federal taxes will see them increase with Obama. Forget about whether its $100K, $150K or whatever. Obama/Reid/Pelosi have already stated they are going to allow the Bush tax cuts to expire. What that means is every single marginal tax rate is going to increase so if you pay federal taxes at all your rate and how much you will pay is going up.
Their real goal is to increase the number of working people that pay no Federal tax from the current 40% up to just over 50%, theoretically to ensure they remain in power. Remember, those that rob Peter to pay Paul can always count on the support of Paul. Of course he was lying. Here we had the most liberal Senator running on a tax cut theme and actually getting elected. If it weren't so sad it would almost be comical.
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| Name: |
Talullahhound
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| Subject: |
Forget the amount!
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Date:
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11/21/2008 9:57:57 AM
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Considering the.sad state of the US economy, don't you think taxes would have to increase no matter who is President? It would seem to me that whomever is President is going to have to raise taxes to pay for these bailouts. I don't think that the social programs that Obama ran on are going to see the light of day because there is no money --even if taxes are increased, the money will have to go elsewhere.
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| Name: |
Council Roc Doc
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| Subject: |
Forget the amount!
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Date:
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11/21/2008 10:19:26 AM
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Just wait until politicians view the low price of gasoline as an opportunity to raise gas taxes in order to get people to pay what they were used to paying this summer.
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| Name: |
Jim Dandy
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| Subject: |
Forget the amount!
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Date:
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11/21/2008 10:36:00 AM
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Guess that shoots the old "windfall profits tax" for a while.
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| Name: |
Swimmer27
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| Subject: |
Why be stuck on stupid?
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Date:
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11/21/2008 1:02:53 PM
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What part of "if you cut taxes, revenues go UP" don't you understand. Raise taxes, revenues go DOWN. It ain't rocket science.
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| Name: |
Summer Lover
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| Subject: |
Why be stuck on stupid?
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Date:
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11/22/2008 10:42:11 AM
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The planned fiscal policy has nothing to do with helping the economy; it is about the redistribution of wealth. As long as people are buying the line that “taxes have to be raised” for whatever reason, be it bailout, buyout, bridge, universal healthcare or home ownership – the taxes WILL be raised. No matter what happens the Government gets their bigger, and well deserved cut.
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| Name: |
Talullahhound
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| Subject: |
Why be stuck on stupid?
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Date:
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11/22/2008 2:00:41 PM
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I'm not saying that I think taxes should be raised -- I'm just wondering how there is any way to avoid it given that everyone wants to be bailed out. I don't think a tax cut is going to give the companies what they need -- much less put the money to creating new jobs. I'm not sure anymore that any conventional economic wisdom is appicable. Every article I read says we are charting new waters.
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| Name: |
Summer Lover
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| Subject: |
Why be stuck on stupid?
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Date:
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11/22/2008 9:34:06 PM
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One word on how to avoid it – Capitalism. I do not want Socialism; I do not want to drive a Trabant. If I work and make money, I want to prosper; I do not want to feed the people who refuse to work. Simple concept. I understand that my 401K has taken a really bad hit, trust me, but saddling my descendents or future generations will not correct that. It’s called Life – live it or die now.
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| Name: |
Talullahhound
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| Subject: |
.Bailouts
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Date:
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11/23/2008 9:03:52 AM
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I'm not in favor of bailouts -- at least not based on the surface knowledge that I have.
But the smart economic people seem to think that allowing the big three to fail would basically bring this country to the brink of collapse. Is that true? I have no idea, but I can imagine the reverberations that would come about with all the suppliers, dealers and support businesses. I saw an interesting fact -- the average wage for workders in the non-union car manufacturers in the South is $44 per hour including benefits, and for the big three it is $75 per hour with benefits. Do I want to see the bail out of an industry that has such inflated overhead? Not really.
For years I heard from Defense contractors doing business overseas that they couldn't compete on price with European firms who subsidized their Defense companies. They always won competitions based on technology, but sometimes lost based on price (currency adjusted) and offsets.
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| Name: |
MartiniMan
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| Subject: |
Forget the amount!
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Date:
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11/23/2008 8:27:51 PM
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That's the proverbial double-edged sword, bad economy equals less revenue to the federal government which in turn drives up the deficit. Here's an idea....how about the federal government does what we all have to do when income goes down? We eliminate unnecessary expenditures. What bothers me is the assumption that while everyone is tightening their belt the only answer that comes from liberals is to raise taxes so government can continue to grow and intrude on our lives.
Raising taxes won't help the economy, it will cripple it further. Raising taxes won't create jobs, it will result in lost jobs. Despite the carping about the deficits what do you want t bet that Obama/Reid/Pelosi will all the sudden tell us they don't matter. All that will matter to them is paying back all the various constituencies that brought them to power by redistribution of wealth. It has been tried in the past and has failed.
Here would be an interesting test of my theory. Obama/Reid/Pelosi come together and say they will extend the Bush tax cuts for an additional four years. I would bet that would begin a significant improvement in consumer sentiment and spending, businesses would open up with new investment and the economy would begin to show signs of life.......sadly my experiment will never happen so we will never know. We only know what happened to the U.S. economy when he instituted these tax cuts.
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