Economic growth in US down to 1.5%

The ideals of individual liberty and freedom are timeless and inestimable in their worth.

 

Poor jac -- his "debate" technique reminds me of question-and-answer computer programs from over thirty years ago. Got anything to say about the sagging failure of the Obama regime to build a real recovery? Got anything to say about the FACT that all the Obama regime has done (with the instruction from Ben "Bailout" Bernanke) is to run this country another 5 1/2 TRILLION DOLLARS IN DEBT? Of course not, such things would not be addressed by your programming, and such subjects would be anathema to any hyperlib programmer.

Here's something you can "respond" to... remember this?:

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Yes, Thanks Obama. This was supposed to be turned around by now. Remember, that if the economy doesn't turn around, this will be a one term proposition?

So why Obama, why are you running for re-election if you know you didn't do a good job?

 

No, Iriemon, on the contrary, much of my post spoke to the grandstanding mummery that "the rich aretaxed heavily" -- because of the unfair travesty of theloopholes and shelters in the US Tax Code, the rich pay (as I said)little or nothing! We are certainly agreed on this, but sadly, the whole notion that the rich pay almost all the taxes in this country is believed by far too many of my Conservative colleagues -- too many of whom simply don't understand what a miserably unfair, stacked-deck the U. S. Tax Code is.

But we must differentiate "rich" individuals from small businesses that file their taxes as individuals! As smart and well-informed as you are, Iriemon, I'm surprised that you don't recognize this. Lots of these small businesses that employ 50 - 150 employees file this way, and they will be the only ones who are likely to be hurt -- especially with the Damocles Sword of Obamacare hanging over them. The really rich, wealthy people will laugh all the way to the bank when they get hit with big "tax increases" because, thanks to crafty, shrewd tax attorneys, they pay little or NOTHING anyway. Can we at least agree on that?

But you are right that Obama has not moved agressively to change anything, and that is sadly instructive about who really props him up, uses him as a hand-puppet, and tells him what to do. Obama won't change the Tax Code, and in fairness I've already conceded that Romney, in all likelihood, won't either! The big-money RINO's and their Libocrat "limousine liberal" useful-idiots won't tolerate anything that brings about fairness in taxation in this country.

The main reason I'm trying to advocate Romney as much as I can is because we simply cannot continue this borrow-and-spend, "kick the can" race toward the biggest economic train wreck in our history. With internationalist Keynesian central bankers like Bernanke and naive Socialists like Obama in charge of the economy, we can only continue to make our way to disaster, default, and even worse staggering debt.

Back on topic, the first demonstrabe symptom of this fake "recovery" of Obama's is the slowdown in growth. Based on the delusional economic fantasy espoused by Chairman Bernanke and his "insiders", the artificial "stimulus" must be fed constantly into the banks and Wall Street, or the whole thing starts falling apart -- as we see. The whole "stimulus", "quantitative easing" fraud is made so clear by the very fact that without these artificial life-support measures, the "recovery" can't last any time at all. We MUST try something different, and an experienced businessman like Romney is much more likely to show us the way to a real recovery than Obama and his puppetmaster, Bernanke, will ever be able to do....

 

that's funny considering how many times you've been trounced

yours are like fake plastic

 

.....in your mind.

 

no, in reality

 

If you expect people today to read your long posts you should put it like this: Hey Obama! We loaned you a million bucks for transportation and you gave us a broke down Yugo that needs constant maintenance all the time! What the hell is up with that, buddy? And you want to be re-elected? No (*)(*)(*)(*)ing way! That's how you get your point across to this audience, polly.

 

"Facts" not in evidence.

Business was thriving before the Clinton tax increase and he slowed that thriving down, it was after the Gingrich/Kaisch tax cuts that business got back on track and then revenues soared just as they did after the Bush tax cuts.

So you are ignorant of his proposal to also eliminate deductions and credits?

I guess they will purchase more mattresses you seem to think they put it in?

How do you inherit something you helped to create? The fact is the unemployment bottomed out the month he took office and started rebounding before his stimulus even went into effect. His policies have kept us from full recovery ever since.

How can you obstruct when the other side refuses to pass anything to obstruct? Obama got his stimulus and his mortgage and healthcare bills, they failed. That along with yours and his obession with raising taxes is keeping business from taking the risk necessary to get us into a recovery.

Are those the best excuses you can come up with? Every President faces an opposition that wants him out and replaced with one of their's..................if he can't handle the job, and it is evident he can't, then he needs to go. As he said if he hadn't fixed it in three years..................

 

Close but no cigar, Mancher. If you want to make a more accurate comparison it would be: Hey Obama, we let you and your handlers put us another $6,000,000,000,000 in debt and all you did was rescue a bunch of criminals in banks and Wall Street and provide a cushy welfare cradle to grave life for all the lazy crudballs who don't want to work. And you want to be re-elected? Absolutely no (*)(*)(*)(*)ing way!

 

If I understand what you are saying, I think we are basically agreeing in principle. I agree that we need to return to the more progressive tax structure we had before the "trickle down" policies of the Reagan revolution.

While Obama may not be perfect in this regard, we know that Romney will repeat and enhance the trickle down policies that have helped divert most of the growth of the nation's wealth and income to the 1% over the past 30 years.

Giving the 1% more trillions to hoard in offshore accounts is not going to boost spending or demand or the economy.

 

Its not giving. Its allowing them to keep more of their money.

When you lower my taxes, the government isn't giving me more money. Its my money to begin with.

 

Tax cuts do not give one more money. They provide people with greater disposable income.

 

I have really tried to look at what Obama and the Fed have done as "jumpstarting" a bad economy. But the "jumpstart" hasn't gotten anything to run and only requires more jumpstarting. How many more jumpstarts does this national battery have in it before it is finally dead and the engine won't turn over anymore? We are nearly 16 trillion dollars in debt now and the only real difference between now and 2009 when Obama took over is that we are way deeper in debt and if the Fed quits pumping more "funny money" into the economy, it will croak again because under Obama real growth and productivity are almost nonexistent.

 

We've allowed them to almost all the growth in incomes and wealth which they put in offshore accounts.

It wouldn't have been if "trickle down" policies hadn't allowed you to get and keep more of it, at the expense of the middle class which has seen its share of the pie decrease.

If we want a strong economy, we need to get some of that growth out of the hands of the horders and into the hands of the spenders. Just economic fact.

 

what you really mean is...."we need to get the money out of the hands of those who actually work for it, and give it to those who don't."

 

When Obama took office, the economy was tanking at a -9% real rate, losing 700,000+ jobs a month, unemployment was skyrocketing upward, and the stock markets were crashing in the worst recession in 80 years. The housing market was destroyed and the economy was headed straight for a depression.

But now the economy has been growing steadily for almost three years, the private sector has added jobs every month for more than two years, stock markets are up almost 90% from their recession lows, and the unemployment rate has fallen from above 10% to 8.2%, and over 4 million private sector jobs have been added since Jan 2010.


To that does not say "the "jumpstart" hasn't gotten anything to run" and only those invested in failure for political purposes could say that there is no real difference between now and Jan 2009.

As to the debt, I agree it is a problem.

Write your Tea Party Republican reps and tell them to compromise on a budget bill by raising taxes.

 

No, I don't mean that at all. How does someone who inherits a couple hundred million or lives off investment interest paying that special low 15% tax rate "work" for it versus people who are out their actually working at jobs?

 

You can make anything look "prosperous" with enough borrowed money. If you gave me six trillion dollars I could give you one HELL of a great recovery, but I wouldn't blow the money on the nonessential, mostly worthless crap that Obama has.

 

I certainly agree that we cannot keep borrowing money.

Write your Tea Party Republican reps and tell them to compromise on a budget bill by raising tax revenues so we won't have to.

 

As Obama keeps telling us, we're all in this together.

Consequently we raise taxes on everyone or we raise them on no one.

It's called shared sacrifice, remember?

 

Taxing the middle classes, which have seen their share of that American pie shrink and shrink as more and more has been diverted to the 1%, doesn't increase spending because they already spend most or all of their incomes.

We haven't had shared gain over the past 30 years.

 

Taxing the middle classes, which have seen their share of that American pie shrink and shrink as more and more has been diverted to the 1%, doesn't increase spending because they already spend most or all of their incomes.

We haven't had shared gain over the past 30 years.

 

If you wish to remove cash from all people's savings, how about the US government sell T-notes, with a coupon rate of 10%, and a discount rate of 5%? Only US citizens can purchase the bonds.

A HUGE problem today is there are no safe places to store cash which pay a decent interest rate.