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Post Options Post Options   Thanks (0) Thanks(0)   Quote wingwrench Quote  Post ReplyReply Direct Link To This Post Posted: October-24-2012 at 2:39pm
Originally posted by JoeinNY JoeinNY wrote:

Originally posted by wingwrench wingwrench wrote:

Not only should he not be re-elected, he should be impeached! Benghazi makes Watergate look like dime store shoplifting.

CBS News Obama Knew


That dog don't hunt... Romney didn't mention Benghazi in the foreign policy debate because he knew Obama's response would have shut it down as an issue they could use to fire up the base for the next two weeks. Which was good politics on his part, but another example of him changing his statements depending on the Audience.

Because the facts are the facts and its being handled better by Obama than Romney.. Romney jumped to judgement and tried to use a tragedy on the international stage as a political stunt... akin to talkin about the family outside of the family - bad form to say the least.

Obama's team stuck to the CIA provided talking points sheet in the face of competing reports coming in from many sources... has a history of doing the real work in these cases and consistantly brings to the perps to justice. This isnt a political issue but rather a national tragedy and the more Romney tries to treat it as something different the less presidential they look...


Are you serious? You really need to expand your "fact finding" beyond MSNBC.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote harddock Quote  Post ReplyReply Direct Link To This Post Posted: October-24-2012 at 2:38pm
Watch 2016
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Post Options Post Options   Thanks (0) Thanks(0)   Quote peter1234 Quote  Post ReplyReply Direct Link To This Post Posted: October-24-2012 at 2:31pm
that is well written thanks for posting
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Post Options Post Options   Thanks (0) Thanks(0)   Quote quinner Quote  Post ReplyReply Direct Link To This Post Posted: October-24-2012 at 2:18pm
Originally posted by Waterdog Waterdog wrote:


I put on a R&R bumper sticker yesterday afternoon and this morning
the car is vandalized.

I guess thats the "Chicago" way.


Ouch there Doggie, the city may be filled with Dumbacrats but not the whole state!! Some of us Chicago guy's never voted for Obama in ANY election!! Sorry to hear about your car


Recieved the below email today, interesting (if 100% accurate):

W h y    M i t t     R o m n e y    i s    U n l i k a b l e !

A lot is being said in the media about Mitt Romney not being "likable" or that he doesn't "relate well" to people. Frankly, we struggled to understand why. So after much research, we have come up with a Top Ten List to explain this "unlikablility."

Top Ten Reasons To Dislike Mitt Romney:

1. Collar-ad handsome with gracious, statesmanlike aura. Looks like every central casting's #1 choice for Commander-in-Chief.

2. Been married to ONE woman his entire life, and has been faithful to her, including through her bouts with breast cancer and MS.

3. No scandals or skeletons in his closet. (How boring is that?)

4. Can't speak in a fake, southern, "black preacher voice" when necessary.

5. Highly intelligent. Graduated cum laude from both Harvard Law School and Harvard Business School...and by the way, his academic records are NOT sealed.

6. Doesn't smoke or drink alcohol, and has never done drugs, not even in the counter -culture age when he went to college. Too square for today's America?

7. Represents an America of "yesterday", where people believed in God, went to Church, didn't screw around, worked hard, and became a SUCCESS!

8. Has a family of five great sons....and none of them have police records or are in drug rehab. But of course, they were raised by a stay-at-home mom, and that "choice" deserves America's scorn.

9. Oh yes.....he's a MORMON. We need to be very afraid of that very strange religion that teaches its members to be clean-living, patriotic, fiscally conservative, charitable, self-reliant, and honest.

10. And one more point.....pundits say because of his wealth, he can't relate to ordinary Americans. I guess that's because he made that money HIMSELF.....as opposed to marrying it or inheriting it from Dad.

Apparently, he didn't understand that actually working at a job and earning your own money made you unrelatable to Americans. My goodness, it's a strange world, isn't it?

Personal Information:

His full Name is: Willard Mitt Romney. He was Born: March 12, 1947 and is 65 years old. His Father: George W. Romney, former Governor of the State of Michigan He was raised in Bloomfield Hills , Michigan He is Married to Ann Romney since 1969; they have five children.

Education: B. A. from Brigham Young University, J. D. and M.B.A. from Harvard University

Religion: Mormon - The Church of Jesus Christ of the Latter-Day Saints

Working Background:

After high school, he spent 30 months in France as a Mormon missionary. After going to both Harvard Business School and Harvard Law School simultaneously, he passed the Michigan bar exam, but never worked as an attorney. In 1984, he co-founded Bain Capital a private equity investment firm, one of the largest such firms in the United States.

In 1994, he ran for Senator of Massachusetts and lost to Ted Kennedy.

He was President and CEO of the 2002 Winter Olympic Games.

In 2002, he was elected Governor of the State of Massachusetts where he eliminated a 1.5 billion deficit. Some Interesting Facts about Romney:

Bain Capital, starting with one small office supply store in Massachusetts, turned it into Staples; now over 2,000 stores employing 90,000 people. Bain Capital also worked to perform the same kinds of business miracles again and again, with companies like Domino's, Sealy, Brookstone, Weather Channel, Burger King, Warner Music Group, Dollarama, Home Depot Supply and many others.

He was an unpaid volunteer campaign worker for his dad's gubernatorial campaign 1 year.

He was an unpaid intern in his dad's governor's office for eight years.

He was an unpaid bishop and state president of his church for ten years.

He was an unpaid President of the Salt Lake Olympic Committee for three years.

He took no salary and was the unpaid Governor of Massachusetts for four years. He gave his entire inheritance from his father to charity.

Mitt Romney is one of the wealthiest self-made men in our country but has given more back to its citizens in terms of money, service and time than most men.

And in 2011 Mitt Romney gave over $4 million to charity, almost 19% of his income....

Just for comparison purposes, Obama gave 1% and Joe Biden gave $300 or .0013%.

Mitt Romney is Trustworthy:

He will show us his high school and college transcripts.

He will show us his social security card.

He will show us his law degree.

He will show us his draft notice.

He will show us his medical records.

Mitt Romney's background, experience and trustworthiness show him to be a great leader and an excellent citizen for President of the United States.

You may think that Romney may not be the best representative the Republicans could have selected. At least I know what religion he is, and that he won't desecrate the flag, bow down to foreign powers, or practice fiscal irresponsibility.

I know he has the ability to turn around this financial debacle that the current regime has gotten us into. We won't like all the things necessary to recover from this debt, but someone with Romney's background can do it.

But, on the minus side, he never took drugs or smoked pot, never got drunk, did not associate with communists and/or terrorists, nor did he attend a church whose pastor called for God to damn the US.

And I am sure he and his wife have always been proud of the United States of America. I also believe that he believes we are a great nation and always should have the opportunity to be the best we can be.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote JoeinNY Quote  Post ReplyReply Direct Link To This Post Posted: October-24-2012 at 2:10pm
Originally posted by wingwrench wingwrench wrote:

Not only should he not be re-elected, he should be impeached! Benghazi makes Watergate look like dime store shoplifting.

CBS News Obama Knew


That dog don't hunt... Romney didn't mention Benghazi in the foreign policy debate because he knew Obama's response would have shut it down as an issue they could use to fire up the base for the next two weeks. Which was good politics on his part, but another example of him changing his statements depending on the Audience.

Because the facts are the facts and its being handled better by Obama than Romney.. Romney jumped to judgement and tried to use a tragedy on the international stage as a political stunt... akin to talkin about the family outside of the family - bad form to say the least.

Obama's team stuck to the CIA provided talking points sheet in the face of competing reports coming in from many sources... has a history of doing the real work in these cases and consistantly brings to the perps to justice. This isnt a political issue but rather a national tragedy and the more Romney tries to treat it as something different the less presidential they look...
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Post Options Post Options   Thanks (0) Thanks(0)   Quote wingwrench Quote  Post ReplyReply Direct Link To This Post Posted: October-24-2012 at 1:20pm
Not only should he not be re-elected, he should be impeached! Benghazi makes Watergate look like dime store shoplifting.

CBS News Obama Knew
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Post Options Post Options   Thanks (0) Thanks(0)   Quote 62 wood Quote  Post ReplyReply Direct Link To This Post Posted: October-24-2012 at 12:43pm
Just got this disease warning in an email this morning ... good for a chuckle...


This is very important. One should be thinking about this seriously. I'm

sending this because I know you are bright and I care about you.

The Center for Disease Control has issued a warning about a new virulent
strain of this old disease. The disease is called Gonorrhea Lectim. It's
pronounced "Gonna re-elect 'em," and it is a terrible obamanation.

The disease is contracted through dangerous and high risk behavior involving
putting your brain where the sun doesn't shine. Many victims contracted it
in 2008.. But now most people, after having been infected for the past 2-3
years, are starting to realize how destructive this sickness is.

It's sad because Gonorrhea Lectim is easily cured with a new drug just
coming on the market called Votemout. You take the first dose now and the
second dose in Nov. 2012 and simply don't engage in such behavior again;
otherwise, it could become permanent and eventually wipe out all life as we
know it.

Several states are already on top of this, like Virginia and New Jersey ,
and apparently now Massachusetts , with many more seeing the writing on the
wall.

Please pass this important message on to all those bright folk you really
care about.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Waterdog Quote  Post ReplyReply Direct Link To This Post Posted: October-24-2012 at 9:41am

I put on a R&R bumper sticker yesterday afternoon and this morning
the car is vandalized.

I guess thats the "Chicago" way.
- waterdog -

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Hansel Quote  Post ReplyReply Direct Link To This Post Posted: October-24-2012 at 2:10am
Hi All,

I came across these two interesting pieces earlier today and thought that this would be a good place to share them.

The message in both articles is that we could all do well to critically examine our beliefs and opinions, and that we should research some of our beliefs carefully.

Enjoy!

How to determine if a controversial statement is scientifically true.

It must be true. I heard it on the internet.

I particularly like this quote from one of the comments below the second piece: "It’s easy to be skeptical of people or sources you don’t like or disagree with, but it’s important to be skeptical of things you like and agree with as well, otherwise you come off as a hypocrite who doesn’t really care about facts.”
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Riley Quote  Post ReplyReply Direct Link To This Post Posted: October-23-2012 at 5:18pm
Watching this thread is like watching the Red Sox play the Yankees. After a while you'll realize the Yankees aren't so bad, just the New York fans.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote JoeinNY Quote  Post ReplyReply Direct Link To This Post Posted: October-23-2012 at 5:14pm
Poor Dave is so backwards in his views that in his mind now not only is Obama responsible for the job losses in the first few months of office that were clearly already underway and unstoppable at that point due to the policies of the bush years... but he is now trying to also pin the losses while bush was president in nov and dec 2008 on Obama just because he had the indecency to be elected in a landslide.

Been watching Romney too much I guess.. if you cant beat em with facts and logic just start making stuff up and see if any of it sticks.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote GlassSeeker Quote  Post ReplyReply Direct Link To This Post Posted: October-23-2012 at 4:58pm
The stock market runs on perception...I think they perceive good things...the stock market is up from its depths, that shows that investors liked Obama in office.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote OverMyHead Quote  Post ReplyReply Direct Link To This Post Posted: October-23-2012 at 3:28am
Originally posted by GlassSeeker GlassSeeker wrote:



Inflation is the republican's boogeyman. Guess what? we will not have inflation til there are ALOT more jobs in the economy.


So that is why Obama keeps unemployment so high, he is fighting inflation.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote OverMyHead Quote  Post ReplyReply Direct Link To This Post Posted: October-23-2012 at 3:16am
Originally posted by GlassSeeker GlassSeeker wrote:

Keeping more in the pocket is exactly what the rich do when they get tax cuts, they save it, they do not hire anybody. They do not take the tax break money and re-invest it in the economy. They put it in the bank. This has been proven. Where are all the jobs that should have been created if those tax breaks to the rich were to create jobs? Where are they? It is a losing proposition.

Inflation is the republican's boogeyman. Guess what? we will not have inflation til there are ALOT more jobs in the economy.


Andy I see inflation every day. When Obama entered office I was paying $2.29 for a gallon of milk. Now it is 2.89. Eggs were 79 cents a dozen, now $1.29. Frozen OJ was 1.59 now 2.39,Peanut butter was 7 dollars for the big jar, now 10 dollars. Gas averaged under three dollars for bushes 8 years. now it is pushing 4. The gas alone is a factor in all the other items. The government does not count these items when looking at inflation so its not showing up, but it is out there. It has to show up in the rest of the economy soon. You cannot push more money into the economy with stagnate growth and not get inflation.

As far as the jobs , the day Obama got elected he went out and started his war on business, threatening Obama care, bailouts, carbon taxes, new income taxes. This is when we started to lose 700,000 jobs a month. Obama likes to take credit for creating 4.5 million jobs but he has a net loss of 2 million. We had the jobs at the former tax rate and the former risk level. When you add uncertainty and higher costs into the mix you now need even lower taxes to to create enough reward to offset the new risk. The economy does not operate in a vacuum. Like physics, for every action there is an equal and opposite reaction. Don't Blame business, they are just reacting to the circumstances they were given. for the time being it is safer to hold their money than risk new investment because of the policies in place. Mitt understands this behavior as well as anyone. He is the right guy to light as fire under this economy.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote john b Quote  Post ReplyReply Direct Link To This Post Posted: October-23-2012 at 1:39am
Originally posted by 62 wood 62 wood wrote:

Originally posted by john b john b wrote:

   
As you may know, I'm an (expletive deleted ) supporter and I still agree that anything is better than Wally World!


WOW.... Who would have ever thunk it?!?!   
John, now there are TWO thing we agree on.

Correct Craft Boats and No Wally World!   

I think that with time you will find that we agree on many things.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote 62 wood Quote  Post ReplyReply Direct Link To This Post Posted: October-22-2012 at 11:47pm
Originally posted by john b john b wrote:

   
As you may know, I'm an (expletive deleted ) supporter and I still agree that anything is better than Wally World!


WOW.... Who would have ever thunk it?!?!   
John, now there are TWO thing we agree on.

Correct Craft Boats and No Wally World!   
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Post Options Post Options   Thanks (0) Thanks(0)   Quote john b Quote  Post ReplyReply Direct Link To This Post Posted: October-22-2012 at 11:25pm
Originally posted by wingwrench wingwrench wrote:

Target is looking better all the time.

Sam Walton supports Oblamer

As you may know, I'm an O'Bama supporter and I still agree that anything is better than Wally World!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote wingwrench Quote  Post ReplyReply Direct Link To This Post Posted: October-22-2012 at 10:07pm
Target is looking better all the time.

Sam Walton supports Oblamer
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Post Options Post Options   Thanks (0) Thanks(0)   Quote davidg Quote  Post ReplyReply Direct Link To This Post Posted: October-22-2012 at 9:09pm
They were lost when the housing market crashed because liberal policies allowed anyone that could create a fog on a mirror with their breath to get a loan. That all came crashing down. But, anyway to answer your question.....

It depends on how it is measured, but jobs grew by either ~6MM or ~9MM between 2001 and early 2008. There they are. I found 'em!

By the way, I love the term tax breaks for the wealthy! Poor people don't pay Federal Income taxes, so how are they supposed to get a tax break? Again, the Top 50% of earners pay virtually 100% of the taxes, and the numbers get A LOT higher as you get to the Top 1%.

So GlassSeeker.....what should a wealthy indidual pay in taxes? What is their "Fair Share"?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote GlassSeeker Quote  Post ReplyReply Direct Link To This Post Posted: October-22-2012 at 8:06pm
   Again, where are the jobs that those Bush tax breaks were "supposed" to generate?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote davidg Quote  Post ReplyReply Direct Link To This Post Posted: October-22-2012 at 6:40pm
Originally posted by GlassSeeker GlassSeeker wrote:

Keeping more in the pocket is exactly what the rich do when they get tax cuts, they save it, they do not hire anybody. They do not take the tax break money and re-invest it in the economy. They put it in the bank. This has been proven. Where are all the jobs that should have been created if those tax breaks to the rich were mean't to create jobs? Where are they?



I see you have been drinking the Sour Grape Kool-Aid today. You sound so confident, and cock-sure of yourself. However, I think its mostly liberal bluster. Where are your facts? How can you say with such certainty that the rich have NEVER created ONE job with their tax savings?

We are all going to find out where all those jobs are, or have gone if (God forbid) Obama is relected. You will see the economy get even worse, and no jobs created, and probably many lose their existing jobs due to the impending Obamacare. Small business people are sitting on the sidelines now because of all the uncertainty big O has created.

When is the last time a poor person created a job?

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Post Options Post Options   Thanks (0) Thanks(0)   Quote GlassSeeker Quote  Post ReplyReply Direct Link To This Post Posted: October-22-2012 at 6:11pm
Keeping more in the pocket is exactly what the rich do when they get tax cuts, they save it, they do not hire anybody. They do not take the tax break money and re-invest it in the economy. They put it in the bank. This has been proven. Where are all the jobs that should have been created if those tax breaks to the rich were to create jobs? Where are they? It is a losing proposition.

Inflation is the republican's boogeyman. Guess what? we will not have inflation til there are ALOT more jobs in the economy.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote skicat2001 Quote  Post ReplyReply Direct Link To This Post Posted: October-22-2012 at 12:25am
Originally posted by john b john b wrote:

Originally posted by skicat2001 skicat2001 wrote:

The supply-siders claimed that high marginal tax rates were a big disincentive for people to work, save, and invest. If tax rates were lower, and people got to keep more of their incomes from work or investments, this would create incentives to work more and to save and invest more. As a result, the economy would grow faster. The government, they claimed, could get more tax revenue by taking a smaller slice (lower tax rate) from a larger pie (higher GDP). Economics 101, higher tax rates, higher interest rates create large problems on the economy.


Originally posted by skicat2001 skicat2001 wrote:

The supply-siders claimed that high marginal tax rates were a big disincentive for people to work, save, and invest. If tax rates were lower, and people got to keep more of their incomes from work or investments, this would create incentives to work more and to save and invest more. As a result, the economy would grow faster. The government, they claimed, could get more tax revenue by taking a smaller slice (lower tax rate) from a larger pie (higher GDP). Economics 101, higher tax rates, higher interest rates create large problems on the economy.

That is amazing!
So you are telling me that if my tax rate was lowered to significantly less than the under 15% I am paying (like brother Romney) I would invest more and get a job? How does that work? I retired five years ago at 52 because I had invested all my life. What money I have I save and live very conservatively. I don't buy much that really helps the economy, antique boats, cars, and motorcycles, and used cars, in addition to food and clothes. Oh yea, and the money I spend in Canada vacationing with my daughter.
You see, I am quite typical, I have enough to enjoy all of the things I like, while paying very little income tax, and the very low tax rate on investment income assures that I will never look for a job. I am a not even couch cushion change to the wealthy (some of you included) who, many times, pay even less. If you think I would have saved more if my tax rate was lower when I was working over 5 years ago, you are mistaken. I paid a much higher rate, nearly 30%, when I was working 3 jobs and all of the overtime I could get my hands on, and struggling to pay for two children in college, and my father and father in law in a nursing home. Now, with my sweet tax rate I can sit back and let all of the struggling families work two or three jobs to support their families.
To believe that giving the rich a preferential tax rate will create anything other than a larger deficit is like believing that selling more products at a loss will create more revenue than selling fewer at a profit.
My advice, work harder, save more!
BTW, when inflation starts, as it always does during a recovery, those with the money will be on the right side as they move their cash into bonds and leverage funds and reap the benefits of inflation. Those struggling to pay the bills who have been unable to save a significant amount of cash to invest, so sorry, life is tough. Any of your small gains are wiped out by your interest payments to those who hold the money. Moreover, the plan is to eliminate the mortgage interest deduction. Those who were able to own multiple homes don't care, they don't pay mortgage interest because their homes are paid for. Life is looking pretty good for some right about now, IF you have significant wealth!

You are lying to yourself John. Everybody wants to pay less in taxes. So what the rich get the same tax break as us. Thats the LAW!! Which to me is fair. People dont understand that the rich people run this country. When they do good, so do we.
You may be financially stabile but most are not. It is written in stone my brother, lowering taxes creates a larger GDP and allows others to keep more in the pocket. Investing in food and clothes helps.For example, America may pay a company in another country to manufacture items and pay their employees 10 dollars a week. While most Americans would scoff at that type of compensation, due to our currency having a higher value, this is acceptable to those receiving the payment. Following an extreme period of inflation without recovering to economic stability, America may need to pay these same workers 20 dollars a week to provide the same value that 10 dollars once did.

Obama has caused huge inflation to the economy. For example John, food prices have risen almost double since he took office.A candy bar that once cost a dollar know is up 1.25. And I agree with you on work harder and save more. Thats the name of the game.

So how would you like lower interest rates?? Romney got it. Oh and quite thinking of larger deficits with tax breaks. If the Bush tax breaks expire, hello reccsion AGAIN!!

An economy does well when there is money circulating.Which there is none NOW!! When people and businesses can afford to buy goods and services, people can make a living selling them.Inflation operates like a tax on savings. As the value of a dollar declines, the purchasing power of the money in a savings account declines. In other words, you won't be able to buy what you used to be able to with the same amount of money.

We will talk more miana...
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Post Options Post Options   Thanks (0) Thanks(0)   Quote john b Quote  Post ReplyReply Direct Link To This Post Posted: October-22-2012 at 12:22am
[QUOTE=OverMyHead] John. It is all about human behavior. You cannot will people to behave a certain way just because. We get more of what we reward and less of what we punish. The Obama plan is to reward those that do not contribute and punish those that do. Since he has been in office we have more people receiving and less contributing. It is really that simple.

There are many reasons for that.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote OverMyHead Quote  Post ReplyReply Direct Link To This Post Posted: October-22-2012 at 12:04am
John. It is all about human behavior. You cannot will people to behave a certain way just because. We get more of what we reward and less of what we punish. The Obama plan is to reward those that do not contribute and punish those that do. Since he has been in office we have more people receiving and less contributing. It is really that simple.

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Post Options Post Options   Thanks (0) Thanks(0)   Quote john b Quote  Post ReplyReply Direct Link To This Post Posted: October-21-2012 at 9:06pm
Originally posted by skicat2001 skicat2001 wrote:

The supply-siders claimed that high marginal tax rates were a big disincentive for people to work, save, and invest. If tax rates were lower, and people got to keep more of their incomes from work or investments, this would create incentives to work more and to save and invest more. As a result, the economy would grow faster. The government, they claimed, could get more tax revenue by taking a smaller slice (lower tax rate) from a larger pie (higher GDP). Economics 101, higher tax rates, higher interest rates create large problems on the economy.


Originally posted by skicat2001 skicat2001 wrote:

The supply-siders claimed that high marginal tax rates were a big disincentive for people to work, save, and invest. If tax rates were lower, and people got to keep more of their incomes from work or investments, this would create incentives to work more and to save and invest more. As a result, the economy would grow faster. The government, they claimed, could get more tax revenue by taking a smaller slice (lower tax rate) from a larger pie (higher GDP). Economics 101, higher tax rates, higher interest rates create large problems on the economy.

That is amazing!
So you are telling me that if my tax rate was lowered to significantly less than the under 15% I am paying (like brother Romney) I would invest more and get a job? How does that work? I retired five years ago at 52 because I had invested all my life. What money I have I save and live very conservatively. I don't buy much that really helps the economy, antique boats, cars, and motorcycles, and used cars, in addition to food and clothes. Oh yea, and the money I spend in Canada vacationing with my daughter.
You see, I am quite typical, I have enough to enjoy all of the things I like, while paying very little income tax, and the very low tax rate on investment income assures that I will never look for a job. I am a not even couch cushion change to the wealthy (some of you included) who, many times, pay even less. If you think I would have saved more if my tax rate was lower when I was working over 5 years ago, you are mistaken. I paid a much higher rate, nearly 30%, when I was working 3 jobs and all of the overtime I could get my hands on, and struggling to pay for two children in college, and my father and father in law in a nursing home. Now, with my sweet tax rate I can sit back and let all of the struggling families work two or three jobs to support their families.
To believe that giving the rich a preferential tax rate will create anything other than a larger deficit is like believing that selling more products at a loss will create more revenue than selling fewer at a profit.
My advice, work harder, save more!
BTW, when inflation starts, as it always does during a recovery, those with the money will be on the right side as they move their cash into bonds and leverage funds and reap the benefits of inflation. Those struggling to pay the bills who have been unable to save a significant amount of cash to invest, so sorry, life is tough. Any of your small gains are wiped out by your interest payments to those who hold the money. Moreover, the plan is to eliminate the mortgage interest deduction. Those who were able to own multiple homes don't care, they don't pay mortgage interest because their homes are paid for. Life is looking pretty good for some right about now, IF you have significant wealth!
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Post Options Post Options   Thanks (0) Thanks(0)   Quote skicat2001 Quote  Post ReplyReply Direct Link To This Post Posted: October-21-2012 at 7:57pm
The supply-siders claimed that high marginal tax rates were a big disincentive for people to work, save, and invest. If tax rates were lower, and people got to keep more of their incomes from work or investments, this would create incentives to work more and to save and invest more. As a result, the economy would grow faster. The government, they claimed, could get more tax revenue by taking a smaller slice (lower tax rate) from a larger pie (higher GDP). Economics 101, higher tax rates, higher interest rates create large problems on the economy.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote skicat2001 Quote  Post ReplyReply Direct Link To This Post Posted: October-21-2012 at 7:39pm
Whats up with Obama??
Prices, Poverty, and Debt

Obama's Report Card
74%% ARE Dissatisfied

"i Believe the Best social program is a JOB" Ronald Reagan

Socialism Hates Religion

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Post Options Post Options   Thanks (0) Thanks(0)   Quote skicat2001 Quote  Post ReplyReply Direct Link To This Post Posted: October-21-2012 at 7:29pm
You demi's are really goofy. Lowering taxes does not create large deficits.

Just a bunch of goverment lovers. I bet you Obama quirs love welfare programs. Hey did you know that 65% of people recieving are on dope. You support that. Fk em!! Drug tests needed until you can recieve them. Obama has keen to welfare programs. Up 35% on welfare programs.

I love Fox cause it tells the real truth. Cnn the communist news network is like wikkipedia. NON CREDIBAL.
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Post Options Post Options   Thanks (0) Thanks(0)   Quote skicat2001 Quote  Post ReplyReply Direct Link To This Post Posted: October-21-2012 at 7:21pm

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