BofA, the Right and Economics

Discussion in 'Economy' started by DontBeStupid, Sep 12, 2011.

  1. DontBeStupid
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    DontBeStupid Look it up!

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    For months now we have all been lectured on these boards from those on the right about how if you cut taxes for the wealthy, they will invest that money and the company they invest in will then use that money to hire new workers and expand. According to the economic minds of the right, this happens every time, all the time, no exceptions, ever.

    A few weeks ago, Warren Buffet, hated rich guy, invested $5B in Bank of America. Bank of America then turned around and announced lay offs of some 30,000 workers.

    Now, I have already seen posts from people trying to blame the BofA firings on Obama (very funny by the way), but what I would seriously like, honestly, is for one of the economic minds on the right to explain to all of us, how is it you were predicting one thing and the exact opposite happened?

    Thanks in advance
     
  2. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Obama called Buffett right before he made the purchase.

    Coinkydink?
     
  3. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Also, you're a complete fucking moron so its impossible to talk to you about this
     
  4. 8537
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    8537 Senior Member

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    They never said the money would create American jobs!
     
  5. konradv
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    konradv Gold Member

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    You tapping into the WH phone lines now?!?! I guess you have to provide some kind of distraction to cover up the fact that despite our NOT having raised taxes, the jobs still aren't there. Seems like the "tax them and they won't create jobs" meme is all smoke and mirrors!!!
     
  6. DontBeStupid
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    DontBeStupid Look it up!

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    Kind of a cowardly response, don't you think? I mean, even if you think I can't grasp the concept, think of all the other liberals here you could convert to your side.

    You know, if you tried.

    Which you aren't.
     
  7. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Investing in preferred stock is a tax cut...wow
     
  8. CrusaderFrank
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    CrusaderFrank Diamond Member

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    You don't know the difference between a deficit and a budget or a preferred stock and a tax cut...why should I waste my time talking to you?
     
  9. Photonic
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    Photonic Ad astra!

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    If you actually had an answer I'm sure you would have taken the time (Which you have spent insulting him instead) telling him how wrong he is and showing evidence to that.

    You have done the opposite, bravo.
     
  10. Sallow
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    Sallow The Big Bad Wolf. Supporting Member

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    You can be sure that money will go to good use come Christmas.

    They be lots of very happy executives. :eusa_whistle:
     

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