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Bush was fiscally irresponsible, but Obama ran for his job, and won it, and made things a whole lot worse!
Bush was fiscally irresponsible, but Obama ran for his job, and won it, and made things a whole lot worse!
EXPLAIN THIS!!!
Did these EVENTS HAPPEN???
A) Didn't the marvelous dot.com ( that Clinton phony surplus bubble)* bust occur? YES! What did it cost?
1) $5 trillion in market losses which meant the taxpayers who had tax liabilities of $60 billion from 2002 and beyond GONE!
2) 300,000 jobs lost due to dot.com busts....billions in payroll taxes!!!
Do YOU think those people that had $5 trillion in losses DIDN"T report those losses in their ADJUSTED TAX INCOME over the next 30 years which is what IRS allows?
For example if a Dot.com investor loss $1 million of that $5 trillion that means the investor has 30 years to write off against taxable income $33,000.
So Instead of having a tax on $1 million or at 35% $350,000 by subtracting $33,000 from $1 million that means taxes of 35% on $966,000 or $338,000 a loss to the US treasury of $12,000 from just this $1 million of the $5 trillion!
Or for every $1 million in losses $12,000 loss in tax revenue or on the $5 trillion nearly $60 billion in tax revenue for each year from 2003 and 30 years forward.
B) Did 9/11 happen??? YES what did that cost?
1) Then we had 9/11 which cost $2 trillion or at the above example another $24 billion in loss tax revenue from 2004 and next 30 years.
2)145,00 jobs lost in NYC alone due to 9/11... what did that cost? Billions in payroll taxes!
and regarding hurricanes... THE WORST SEASONS not hurricanes like Sandy SEASONS!!!
C) DID the worst hurricane SEASONS not hurricanes SEASONS occur? YES what did that cost?
Hurricanes cost $1 trillion.. at the above another $12 billion in loss tax revenue.
Collectively Federal tax revenue Loss due to the $8 trillion in losses nearly $100 billion a year from 2003 and next 30 years!
Then payroll taxes
Assuming 300,000 jobs lost due to dot.com bust -- 145,000 lost due to 9/11 (remember airlines didn't fly for 3 days!) 400,000 jobs lost due to hurricanes..
850,000 jobs lost.
So at say an average of $30,000 per job and Social Security and Medicare EMPLOYEE pays 7.65% or $2,295 paid by employee.. BUT I imagine you and many like you forget the EMPLOYER matches that and also pays $2,295 or a total of $4,590 paid in by Employee and Employer!
$4,590 times 850,000 jobs or near $4 billion a year due to those LOST jobs in Federal REVENUE!
So between these two tax revenue generators losing over $100 billion a year all due to what... EVENTS beyond ANYONE's control!!!
Whatever you think Obama did that was economically positive, make sure you counter weight it with 6,So gd dumb. So the economy retracted 9% and was hemorraging 800 k jobs/month when Obama came in- then after ten months it gained jobs every month since and the Dow doubled. You're out of your tiny brainwashed minds, despite 3 1/2 years of mindless obstruction (didn't happen according to Pubs and the PPM-Dems had total control!! LOL A DISGRACE).
Fox has every other report on how amazing huge the debt is....fecking a-hole gazers, for dupes/haters ONLY.Only care about the debt when Dems are in...
trillion in new debt. Tell me how great he is once we pay it back - with interest!
Democrats can you please tell us in your own words how it is still possible that the Obama economy continues to suck because of Boooooooooosh?
Let's review:
Lehman Brother collapsed first, they're gone these 4 Christmases past
Bear Stearns was a weak sister, they're gone these 4 Christmases past
Merrill Lynch: a subsidiary of BofA these 4 Christmases past
Fannie? Freddie? Sucked up $200B of Capital and totally dominate the residential mortgage market
Banks are profitable, so what exactly are you talking about when you mindless parrot Obama's talking points?
Bush was fiscally irresponsible, but Obama ran for his job, and won it, and made things a whole lot worse!
EXPLAIN THIS!!!
Did these EVENTS HAPPEN???
A) Didn't the marvelous dot.com ( that Clinton phony surplus bubble)* bust occur? YES! What did it cost?
1) $5 trillion in market losses which meant the taxpayers who had tax liabilities of $60 billion from 2002 and beyond GONE!
2) 300,000 jobs lost due to dot.com busts....billions in payroll taxes!!!
Do YOU think those people that had $5 trillion in losses DIDN"T report those losses in their ADJUSTED TAX INCOME over the next 30 years which is what IRS allows?
For example if a Dot.com investor loss $1 million of that $5 trillion that means the investor has 30 years to write off against taxable income $33,000.
So Instead of having a tax on $1 million or at 35% $350,000 by subtracting $33,000 from $1 million that means taxes of 35% on $966,000 or $338,000 a loss to the US treasury of $12,000 from just this $1 million of the $5 trillion!
Or for every $1 million in losses $12,000 loss in tax revenue or on the $5 trillion nearly $60 billion in tax revenue for each year from 2003 and 30 years forward.
B) Did 9/11 happen??? YES what did that cost?
1) Then we had 9/11 which cost $2 trillion or at the above example another $24 billion in loss tax revenue from 2004 and next 30 years.
2)145,00 jobs lost in NYC alone due to 9/11... what did that cost? Billions in payroll taxes!
and regarding hurricanes... THE WORST SEASONS not hurricanes like Sandy SEASONS!!!
C) DID the worst hurricane SEASONS not hurricanes SEASONS occur? YES what did that cost?
Hurricanes cost $1 trillion.. at the above another $12 billion in loss tax revenue.
Collectively Federal tax revenue Loss due to the $8 trillion in losses nearly $100 billion a year from 2003 and next 30 years!
Then payroll taxes
Assuming 300,000 jobs lost due to dot.com bust -- 145,000 lost due to 9/11 (remember airlines didn't fly for 3 days!) 400,000 jobs lost due to hurricanes..
850,000 jobs lost.
So at say an average of $30,000 per job and Social Security and Medicare EMPLOYEE pays 7.65% or $2,295 paid by employee.. BUT I imagine you and many like you forget the EMPLOYER matches that and also pays $2,295 or a total of $4,590 paid in by Employee and Employer!
$4,590 times 850,000 jobs or near $4 billion a year due to those LOST jobs in Federal REVENUE!
So between these two tax revenue generators losing over $100 billion a year all due to what... EVENTS beyond ANYONE's control!!!
Discount the Hurricane one. There seem to be huge Hurricanes or droughts or floods for every President.
How about this: Bush W made the mistake of being President during normal times and not understanding the market of economy.
Reagan was a New Dealer who loved the positive effects of deficit spending.
Bush H well, was a company man who was President and um....did little besides a war in the sand and watch the economy.
Clinton ended up with a balanced budget and accidently let a program for poor folks get created which could then be applied by short sighted bankers to EVERYONE. Idiot Americans and their quarterly profit reports.
There. I said something niceish about everyone.
Then lets just say they all played a role in the meltdown. They all contributed to the crash, collectively.Preposition fail.
I think you're looking at this a little too simply. You seem to be identifying single policies and deciding if they made the economy "good," or if they made the economy "bad." There's no linear causality with this stuff. Tax cuts are temporarily stimulative. Increasing federal spending can also be temporarily stimulative. If you overdo it with either of these, you will eventually run into fiscal problems. So on and so forth, the point is this is all very dynamic and complex.
Ah, nothing like calling folks names to help make sure your side gets fewer votes.EXPLAIN THIS!!!
Did these EVENTS HAPPEN???
A) Didn't the marvelous dot.com ( that Clinton phony surplus bubble)* bust occur? YES! What did it cost?
1) $5 trillion in market losses which meant the taxpayers who had tax liabilities of $60 billion from 2002 and beyond GONE!
2) 300,000 jobs lost due to dot.com busts....billions in payroll taxes!!!
Do YOU think those people that had $5 trillion in losses DIDN"T report those losses in their ADJUSTED TAX INCOME over the next 30 years which is what IRS allows?
For example if a Dot.com investor loss $1 million of that $5 trillion that means the investor has 30 years to write off against taxable income $33,000.
So Instead of having a tax on $1 million or at 35% $350,000 by subtracting $33,000 from $1 million that means taxes of 35% on $966,000 or $338,000 a loss to the US treasury of $12,000 from just this $1 million of the $5 trillion!
Or for every $1 million in losses $12,000 loss in tax revenue or on the $5 trillion nearly $60 billion in tax revenue for each year from 2003 and 30 years forward.
B) Did 9/11 happen??? YES what did that cost?
1) Then we had 9/11 which cost $2 trillion or at the above example another $24 billion in loss tax revenue from 2004 and next 30 years.
2)145,00 jobs lost in NYC alone due to 9/11... what did that cost? Billions in payroll taxes!
and regarding hurricanes... THE WORST SEASONS not hurricanes like Sandy SEASONS!!!
C) DID the worst hurricane SEASONS not hurricanes SEASONS occur? YES what did that cost?
Hurricanes cost $1 trillion.. at the above another $12 billion in loss tax revenue.
Collectively Federal tax revenue Loss due to the $8 trillion in losses nearly $100 billion a year from 2003 and next 30 years!
Then payroll taxes
Assuming 300,000 jobs lost due to dot.com bust -- 145,000 lost due to 9/11 (remember airlines didn't fly for 3 days!) 400,000 jobs lost due to hurricanes..
850,000 jobs lost.
So at say an average of $30,000 per job and Social Security and Medicare EMPLOYEE pays 7.65% or $2,295 paid by employee.. BUT I imagine you and many like you forget the EMPLOYER matches that and also pays $2,295 or a total of $4,590 paid in by Employee and Employer!
$4,590 times 850,000 jobs or near $4 billion a year due to those LOST jobs in Federal REVENUE!
So between these two tax revenue generators losing over $100 billion a year all due to what... EVENTS beyond ANYONE's control!!!
Discount the Hurricane one. There seem to be huge Hurricanes or droughts or floods for every President.
How about this: Bush W made the mistake of being President during normal times and not understanding the market of economy.
Reagan was a New Dealer who loved the positive effects of deficit spending.
Bush H well, was a company man who was President and um....did little besides a war in the sand and watch the economy.
Clinton ended up with a balanced budget and accidently let a program for poor folks get created which could then be applied by short sighted bankers to EVERYONE. Idiot Americans and their quarterly profit reports.
There. I said something niceish about everyone.
WRONG!! Discount the Hurricane one. There seem to be huge Hurricanes or droughts or floods for every President.
FACTS dumb f...k!!
The years 2001 to 2008 WERE THE WORST SEASONs in history! FACT!
Of the top 36 hurricanes since 1926 13 occurred from 2001 to 2008.
Of the total of $316 billion in damages these 13 cost 58% of that or $156 billion.
# 1Katrina (LA/MS/AL/SE FL) 2005 3 $81,000,000,000
# 3 through 7 hurricanes occurred from 2001 to 2008!
Costliest U.S. Hurricanes | Weather Underground
a) There were 26 named storms in 2005, surpassing the record of 21 set in 1933
b) Three of the hurricanes in the 2005 season reached Category 5 status, meaning they had wind speeds
greater than 155 mph at some point during the arc of the storm.
but we've never had three," said Steve Kiser, a tropical cyclone program manger at the National Weather Service.
How about this: "Bush W made the mistake of being President during normal times and not understanding the market of economy."
what an absolutely STUPID dumb f...k comment!
The Dot.com bust cost $5 trillion in market losses and 300,000 jobs ! Do you understand what means?? TAX REVENUE DECLINE by $60 billion a year for 30 years you idiot as people take capital losses against their TAX LIABILITY!!!
300,000 people NO LONGER paying and employers no longer paying SS/Medicare !
NOT ONE MENTION of 9/11 you dummy! Cost $2 trillion in losses nearly $24 billion a year in tax revenue decline! 150,000 people out of work and you totally ignore it!
WHY is it SO f...king HaRD to admit those events Happened?
AND when they did there were Economic consequences! That are costing Federal revenue $100 billion a year for next 30 years!
Seismic events! Cataclysmic events! History changing events... the likes that have never been seen in American history by any President!
See this is why more and more people are refuting idiots like YOU! Because the FACTS are against you!
People do remember the dot.com bust and the money lost and the jobs lost!
They DO remember 9/11 and the anthrax attacks and the hurricanes EVEN if YOU try to ignore them ... these EVENTS happened and nothing like this convergence of earth shattering events has ever occurred in an 8 year period in all of history!
And you have amnesia???
The ones guilty of financial fraud have not been prosecuted and held accountable and therefore, the economy will not recover until the rule of law has been re-established in that industry, like we did with the S&L scandal.Democrats can you please tell us in your own words how it is still possible that the Obama economy continues to suck because of Boooooooooosh?
Let's review:
Lehman Brother collapsed first, they're gone these 4 Christmases past
Bear Stearns was a weak sister, they're gone these 4 Christmases past
Merrill Lynch: a subsidiary of BofA these 4 Christmases past
Fannie? Freddie? Sucked up $200B of Capital and totally dominate the residential mortgage market
Banks are profitable, so what exactly are you talking about when you mindless parrot Obama's talking points?
That, plus the Bush tax cuts for the rich and the two wars he started, make up the rock from which the economy cannot get out from under. Obama throwing the middle class under the bus by cutting entitlements, is the nail in the coffin.
Democrats can you please tell us in your own words how it is still possible that the Obama economy continues to suck because of Boooooooooosh?
Let's review:
"The challenger will have trouble darkening this bright picture.
If it’s not bad enough that rapid economic recovery has neutered Sen. Kerry’s principal domestic criticism of President Bush, now comes even worse news for the Democratic campaign: The budget deficit is starting to substantially shrink.
The latest budget numbers show a $19.1 billion surplus for June, $3 billion higher than the $16 billion Wall Street expectation. It seems that a flood of new tax collections, spurred by fatter employment payrolls and corporate profits, is rapidly reducing the federal budget gap. Tax receipts from businesses rose an astonishing 38 percent over the past twelve months and personal income-tax collections increased almost 9 percent. What’s happening? Could it be that stronger economic growth from lower tax rates is producing more tax receipts? I believe it’s called supply-side economics.
As the tax-cut-led recovery continues, deficits will rapidly wane over the coming years.
All this is why Kerry’s proposal to raise tax rates on upper-income individuals, small businesses, and key investment categories like capital gains and dividends is so completely out of touch. The Kerry tax hikes will blunt the good news on growth and deficits, exactly the reverse of what the pessimistic Kerryites are predicting.
Like the modern Democratic party, the Kerryites neither understand nor acknowledge the tax-incentive model of economic growth that simply restates an old truism: Individuals produce and invest more if it is more profitable after-tax to do so."
Bush Crashed the Economy and other lame excuses
Democrats can you please tell us in your own words how it is still possible that the Obama economy continues to suck because of Boooooooooosh?
Let's review:
"We were struck by a chart that Treasury Secretary John Snow used last week when he presented the administration's case for making the 2003 tax cuts permanent.
For Democrats opposed to the cuts, no argument has been more potent than that tax cuts somehow "cost" the government money and thus make deficits worse. Snow's chart, shown below, puts the lie to that argument.
In fact, the supply-siders are right: Revenues rise after tax rates are reduced. Federal revenues bottomed at $1.8 trillion just as Bush signed his bill; since then, they've risen 19.4% to $2.15 trillion, an all-time high.
This also explains why the richest Americans' share of all income taxes paid has soared to 34.27% from 19.05% in 1980 even though their average income-tax rate has fallen by roughly a third from 34.47% to 24.31% in 2003.
More important, however, is the impact tax cuts have on the economy. Since May 2003, when Bush's major plan of tax cuts on both capital and income took effect, the economy has been on a tear. It's virtually impossible to argue the two aren't linked.
We also hear how all the tax cuts are going to the "rich." Again, not true. A surge in entrepreneurship, jobs, income and wealth has made all of us richer and more secure."
This is making tax cuts look more promising, although looking at it from an economic growth perspective, tax revenue as a percent of GDP is still below pre-tax cut levels so you can't conclude for cetain that we moved the correct direction down the Laffer curve to balance tax rates and the rate of growth for the GDP.
Not to mention record home ownership, low unemployment, low inflation, good GDP numbers, strong consumer spending, and strong construction spending.
The Dow may set an all time high. People will love their 401K statements when they look at them
All this is bad news for the libs
i just want to watch this thread fail and Frank drag out old talking points.
