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This morning on Morning Joe, there was a young Republican from some conservative publication going on about how if you want to improve the economy, you need to cut taxes for corporations and deregulate. In fact, you should stop making corporations pay any taxes because they only pass them on to the consumers. He said that taxing the wealthy was wealth redistribution and the ONLY way to grow the economy is put money into the hands of the wealthy.
When Republicans make this argument, Democrats, for some strange and unknown reason, rarely challenge them. Only this time, some old guy, I dont know who he was, left the Republican gasping like a fish out of water.
Im paraphrasing here, You have to stop the ideological rhetoric. You know that doesnt work. If it did, after a 2.4 trillion dollar tax cut with the top 1% getting MORE than 52% on top of the FACT that we are paying the lowest taxes in 50 years, AND all the Wall Street deregulation, our economy should be booming. If Republican ideology worked, our economy should be booming. Instead, we are on the brink of economic disaster. Explain how it worked. Just once. Tell us what went wrong.
It was so revealing. The Republican couldnt answer. He was so confident giving his lecture on economics and was completely dismantled.
This is what Democrats have to run on.
Gene Robinson came on and said Americans are like children having a temper tantrum. They are angry at Democrats for not fixing the Republican economic mess fast enough. They will probably vote Republican, even though they know Republicans created this economic mess, they want to teach Democrats a lesson, like children stomping their feet. Its almost like cutting off your nose to spite your face.
In a way, it might be good. Can you just imagine what these radical right wingers will do once in office? They want to trash SS and Medicare and Medicaid. This will be the most ideology and ignorance driven congress ever. That will give Americans two more years to see exactly what the right is about. Two LONG years.
You think there will be a landslide now? Wait till then. I think electing right wing crazies will finally produce the political awakening that is long, long overdue.
Somehow there is a group of people who think Wall Street makes something. They trade paper which represents REAL labor and production. Wall Street is much like the government in my mind. They produce nothing, but take a cut, which does not help the economy.
And here we go again.
"The democrats wrecked it"
"No, the republicans did it"
"No we didn't"
"Yea you did"
Both parties ..... and you fucking partisans.... you are all responsible.
yet the
continues while it all crumbles(due to government intervention).
Some intervention is necessary. The GOP likes to paint regulation as the bad guy in all this, but some is necessary. The derivatives market was almost completely unregulated and helped set off this whole mess. Loosening regulations allowed Banks to play crazy games with investor's money. Fancy accounting tricks that should have been illegal allowed firms to outright lie and swindle investors left and right.
Folks want some level of regulation so that they can feel like they can safely invest without getting taken for a ride. I'm fine with losing money because I choose poorly as long as I had honest facts ahead of time. Its when I've been lied to that I'm going to take my money and leave the market.
You won't get people investing money until they're sure they're not getting ripped off. And until that happens, there just won't be a recovery.
I do agree that too much regulation is stifiling. The problem is finding balance. We seem to repeatedly go in cycles on this.
The economy started to tank the day Democrats took control of Congress
Thanks for the graph frankie....
It obviously shows a collapsing economy under RED Bush and a recovering economy under BLUE Obama
The economy started to tank the day Democrats took control of Congress
Frank....please tell us the point of this graph? I'd love to hear you explain it, because what it shows is that shit went down hill under Bush and has been steadily improving under Obama. I'm sure you realize that's what this shows, right? I mean, you wouldn't post a graph that you didn't understand, would you?
Think locally, eat locally & buy locally when you can.
I agree. They are the largest employers of Americans AND they are local businesses with ties to the community.
Less trickle down.
there is no trickle down...
What about health care? Should that be completely on the employee?
Im paraphrasing here, You have to stop the ideological rhetoric. You know that doesnt work. If it did, after a 2.4 trillion dollar tax cut with the top 1% getting MORE than 52% on top of the FACT that we are paying the lowest taxes in 50 years, AND all the Wall Street deregulation, our economy should be booming. If Republican ideology worked, our economy should be booming. Instead, we are on the brink of economic disaster. Explain how it worked. Just once. Tell us what went wrong.
What went wrong is that the wealthy, once given the choice of keeping the money or pouring it back into the economy....chose to just keep the money
Shocked.....I'm SHOCKED I say!
This morning on Morning Joe, there was a young Republican from some conservative publication going on about how if you want to improve the economy, you need to cut taxes for corporations and deregulate. In fact, you should stop making corporations pay any taxes because they only pass them on to the consumers. He said that taxing the wealthy was wealth redistribution and the ONLY way to grow the economy is put money into the hands of the wealthy.
When Republicans make this argument, Democrats, for some strange and unknown reason, rarely challenge them. Only this time, some old guy, I dont know who he was, left the Republican gasping like a fish out of water.
Im paraphrasing here, You have to stop the ideological rhetoric. You know that doesnt work. If it did, after a 2.4 trillion dollar tax cut with the top 1% getting MORE than 52% on top of the FACT that we are paying the lowest taxes in 50 years, AND all the Wall Street deregulation, our economy should be booming. If Republican ideology worked, our economy should be booming. Instead, we are on the brink of economic disaster. Explain how it worked. Just once. Tell us what went wrong.
It was so revealing. The Republican couldnt answer. He was so confident giving his lecture on economics and was completely dismantled.
This is what Democrats have to run on.
Gene Robinson came on and said Americans are like children having a temper tantrum. They are angry at Democrats for not fixing the Republican economic mess fast enough. They will probably vote Republican, even though they know Republicans created this economic mess, they want to teach Democrats a lesson, like children stomping their feet. Its almost like cutting off your nose to spite your face.
In a way, it might be good. Can you just imagine what these radical right wingers will do once in office? They want to trash SS and Medicare and Medicaid. This will be the most ideology and ignorance driven congress ever. That will give Americans two more years to see exactly what the right is about. Two LONG years.
You think there will be a landslide now? Wait till then. I think electing right wing crazies will finally produce the political awakening that is long, long overdue.
Republicans = tax cuts for the rich = hugh deficits
It's been true since 1980.
Reagan and the two Bushes created 93% of the National Debt.
ReaganBushDebt.org
WOW do you have something else beside a liberal link?
This morning on Morning Joe, there was a young Republican from some conservative publication going on about how if you want to improve the economy, you need to cut taxes for corporations and deregulate. In fact, you should stop making corporations pay any taxes because they only pass them on to the consumers. He said that taxing the wealthy was wealth redistribution and the ONLY way to grow the economy is put money into the hands of the wealthy.
When Republicans make this argument, Democrats, for some strange and unknown reason, rarely challenge them. Only this time, some old guy, I dont know who he was, left the Republican gasping like a fish out of water.
Im paraphrasing here, You have to stop the ideological rhetoric. You know that doesnt work. If it did, after a 2.4 trillion dollar tax cut with the top 1% getting MORE than 52% on top of the FACT that we are paying the lowest taxes in 50 years, AND all the Wall Street deregulation, our economy should be booming. If Republican ideology worked, our economy should be booming. Instead, we are on the brink of economic disaster. Explain how it worked. Just once. Tell us what went wrong.
It was so revealing. The Republican couldnt answer. He was so confident giving his lecture on economics and was completely dismantled.
This is what Democrats have to run on.
Gene Robinson came on and said Americans are like children having a temper tantrum. They are angry at Democrats for not fixing the Republican economic mess fast enough. They will probably vote Republican, even though they know Republicans created this economic mess, they want to teach Democrats a lesson, like children stomping their feet. Its almost like cutting off your nose to spite your face.
In a way, it might be good. Can you just imagine what these radical right wingers will do once in office? They want to trash SS and Medicare and Medicaid. This will be the most ideology and ignorance driven congress ever. That will give Americans two more years to see exactly what the right is about. Two LONG years.
You think there will be a landslide now? Wait till then. I think electing right wing crazies will finally produce the political awakening that is long, long overdue.
And you can thank the GOP for that! You know, the guys you want to put back in charge!Let's get back to the original premise which is that tired old "1% got a big break". Sounds like somebody's attempting to make the argument that 1% of the population is footing the bill.
It's worn out Marxist class envy bullshit. We have a tax system that is out of whack with 40+% paying no income taxes combined with politicians (pick a side, I don't care) spending money we don't have. The notion that we are going to tax our way out of this is retarded.
Excellent synopsis the gimmie gimmies will soon outnumber the people who pay federal income tax. downhill slide.
This, of course, begs the question, What Democratic legislation got past the record number of GOP filibusters and Bush's suddenly discovered veto pen to cause the decline that "started" the first day Pelosi became speaker??????????????????????????????The economy started to tank the day Democrats took control of Congress
Thanks for the graph frankie....
It obviously shows a collapsing economy under RED Bush and a recovering economy under BLUE Obama
Actually, the entire graph shows a government under a Democratic run Congress. You guys get to take credi tfor the whole graph. Also, that would be Pelosi's graph if you note it was generated by the Speaker's Office.
How will cutting BP's taxes and removing all regulations that apply to it improve the economy?This morning on Morning Joe, there was a young Republican from some conservative publication going on about how if you want to improve the economy, you need to cut taxes for corporations and deregulate.
If that's true, which it's not, we should tax corporations 100% of their income.In fact, you should stop making corporations pay any taxes because they only pass them on to the consumers.
I'm very wealthy, and I have no problem with some of my wealth being redistributed to those who provide the common defense of the nation.He said that taxing the wealthy was wealth redistribution.
How will that increase the industrial capacity utilization rate, which will decrease the unemployment rate?and the ONLY way to grow the economy is put money into the hands of the wealthy.
