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Republican economics so bad now bailing out everybody

Discussion in 'U.S. Politics' started by top gun, Sep 19, 2008.

  1. top gun

    top gun New Member

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    Two days ago AIG this countries largest insurance agency joined the growing list of belly up and/or forced government bailouts with hard earned taxpayer money. Yesterday AIG was pulled off the Dow Jones Industrial and replaced by Kraft Foods.

    As if all the government bailouts of late left anyone still wondering if our financhal markets haven't been totally devastated by Republican deregulation and the old boys club atmosphere between large Corporations and their Republican enablers...

    a brand new government entity to buy up ALL the banks bad debt to try and stop or at least put off a complete colapse of our banking industry and another GREAT DEPRESSION that would likely follow has had to be created.


    And John McCain says he's not up on the economy... and the economy is sound! November 4th my friends. Get to the polls because 4 more years of a Bush in the even more clueless body of a McBush and the handwriting is on the wall!

    http://www.youtube.com/watch?v=cO2lN1hGnc0
     
  2. BigRob

    BigRob Well-Known Member

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    As the stock market falls (although it was up 410 yesterday, but still down overall on the year) and billions of dollars in paper assets disappear for people and especially companies, I would like to know how an increase in the corporate tax is going to spur their growth.
     
  3. GenSeneca

    GenSeneca Well-Known Member

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    1999, 2003, 2005, 2006, 2007

    Those are the years I KNOW OF that Republicans RAISED HELL about the Enronian bookkeeping from freddie and fanny - ALL BLOCKED by Democrats.

    Its a BI PARTISAN problem and anyone that thinks you can SCAPEGOAT the blame onto one party or the other, is totally delusional and asking for "More of the same".
     
  4. Dawkinsrocks

    Dawkinsrocks Well-Known Member

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    Bankers are typically republican aren't they?
     
  5. top gun

    top gun New Member

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    The bottom line is we can't live with all of this debt. And it's certainly not fair to push it off on our kids.

    Bush & the Republicans have made it a real clusterfock but we still have to pay down. Rolling the tax breaks for the rich to the Clinton brackets makes great sense. It worked great for 8 straight years... it will work again.

    This is an easy to understand pie chart of how 95% of the people get a break in taxes under Senator Obama's plan.:) Everyone making under $250,000 per year this is great for you!


    http://www.youtube.com/watch?v=cNyNv_UfFUo
     
  6. BigRob

    BigRob Well-Known Member

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    Well, I agree in principle, but I also think that deficit spending is basically the same as higher taxes.

    You ignore that these tax increases came in the midst of a booming economy and the dot com bubble. I would argue that these tax cuts would not have worked as you say if they were enacted in a tanking economy on the verge of collapse.

    Cutting taxes for this many people only means Obama will be forced to deficit spend. Rolling back Bush tax cuts will not cover the difference.

    Further, you can cut taxes for 95% of people, but given rising inflation it does not make anyone better off. You cannot offer stimulus packages (which is basically what the Obama tax plan is) and expect it to stop a turn around. Unless you hit it right at the beginning (which we already missed) a stimulus only works to fuel the inflation fire, which is already burning quite bright.

    Further, on a personal level, I would not get a tax break under the Obama plan, so it is not great for me at all. (personal disclaimer) Now I will admit I have lost truckloads of money the last few days, but I have also made truckloads of money this year in the market, and am still up a lot on the year. I can survive a tax increase sure, but can you combat rising inflation, high energy costs, by pouring more money into the market and raising corporate taxes?

    What good does it do anyone to give them 10 bucks and then tax corporations an additional 20 bucks to pay for that, when the only result is prices go up 20 bucks, and you are back where you started, except now you only have corporations who hire less people. (I know this is a majorly simplified version, but you get the idea)
     
  7. Andy

    Andy Well-Known Member

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    Um... actually no. If course if you actually did any research, you might actually know something about the topics you comment on. Most of the major bankers are socialist democrats.

    That confused me too, but then I realized something very important. Socialists all live and exist off of "OPM" Other Peoples Money. Democrats and the some quasi Republicans, basically all life long politicians (Bill Clinton never did a days work in his life) all exist off of OPM. They never produce anything. They only take from what other people produce.

    Then it hit me... Bankers all exist off of OPM! They never produce anything their whole lives. They only take the money we give them, either in savings, or in loan interest payments, and live off of us.

    But, no... most of the major bankers are all democrats. Just like Waren Buffet, he is a billionaire for no other reason than he invested OPM well. And what a shock... he's a democrat :)

    Lehman Brothers, Goldman Sachs, JP Morgan Chase & Co., UBS and heavyweight law firm DLA Piper are among Obama's top contributors. Can't get a government bail out unless there's a socialist in office...
     
  8. pocketfullofshells

    pocketfullofshells Well-Known Member

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    yes we all know bankers are all Socialist <rolls eyes)
     
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