More economic Good News: US can make 40% profit off of Citigroup stock sales

[boedicca]

When are we getting back the $2.5 trillion Bush tax cut?

Gubmint doesn't "get back" what wasn't theirs to begin with, comrade.

BTW, what's your source for that $2.5 trillion number?

Making Tax Cuts Permanent Would Pose Long-Term Economic Dangers — Center on Budget and Policy Priorities

Of course your source is against making the tax cuts permanent:

The Center on Budget and Policy Priorities is one of the nation’s premier policy organizations working at the federal and state levels on fiscal policy and public programs that affect low- and moderate-income families and individuals.

Such advocacy groups are generally static pie types that do not factor in how a vibrant economy benefits those at low and moderate income levels.

 

[elvis]

when are we getting back the $2.5 trillion bush tax cut?

we would have gotten the $2.5t back via economic growth and increased employment, which obama has now destroyed.

(although i dispute that it is the government's "to get back".)

economic growth??

Americans lost $13 trillion in personal wealth in the last 18 months of the bush administration

you call that growth??

boooooosh

 

[xsited1]

When are we getting back the $2.5 trillion Bush tax cut?

Gubmint doesn't "get back" what wasn't theirs to begin with, comrade.

BTW, what's your source for that $2.5 trillion number?

Making Tax Cuts Permanent Would Pose Long-Term Economic Dangers — Center on Budget and Policy Priorities

The people at the Center on Budget and Policy Priorities aren't always very thorough in their analysis, so I'm interesting in reading the report you just posted. They even made the cut in this book:

How to Identify Liberal Media Bias -- Media Research Center -- By: Brent Baker with Forward By: L. Brent Bozell III

 

[rightwinger]

we would have gotten the $2.5t back via economic growth and increased employment, which obama has now destroyed.

(although i dispute that it is the government's "to get back".)

economic growth??

Americans lost $13 trillion in personal wealth in the last 18 months of the bush administration

you call that growth??

boooooosh

excuse me...but we are talking about the Bush tax cuts

Go back outside and play

 

[xsited1]

More economic Good News: US can make 40% profit off of Citigroup stock sales

And the DOW dropped over 200 points today. Yippee!!!!!

And its up 5500 points since the passing of TARP/Stimulus

Yippee!!!!!!

I didn't realize the DOW had dropped to 5500. Amazing!

Of course the government has built a house of cards so make sure you cash-out before it comes crashing down again.

 

[boedicca]

When are we getting back the $2.5 trillion Bush tax cut?

We would have gotten the $2.5T back via economic growth and increased employment, which Obama has now destroyed.

(Although I dispute that it is the government's "to get back".)

Economic Growth??

Americans lost $13 trillion in personal wealth in the last 18 months of the Bush administration

You call that growth??

Scuze moi, but your study to support the $2.5T figure is about making the tax cuts permanent. As they expire next year, the time horizon is not limited to the 18 months when the Big Government enabled financial crisis came to a head.

When Bush took office, approx. 137M people were employed. When he left office, that number had increased to 145M. IOW, a net 8M jobs were created during his 8 years in office.

At the end of 2009, the total number of employed had decreased by over 5M. In one year, Obama's policies have resulted in an enormous drop of total employed (back to 2004 levels). And why is this? - his policies drive Big Government at the expense of private sector growth. The latter is what creates jobs. Increasing taxes SUCKS THE OXYGEN out of job creation.

CPS Tables

 

[PatekPhilippe]

Where are all the wingnuts who would be posting thread after thread about how inept Obama is if Citigroup or GM had defaulted on the loans.

That is what the rightwing pundits predicted....that we were throwing money away

No they didn't. Quit lying. We knew and understood that TARP would be paid back....unlike your President's Stimulus.

Sure you did...

How many threads did we get that GM would never repay the money and that we would have to continue to bail them out until they eventually collapsed?

The Conservatives claimed that TARP was outright nationalism and the money was gone forever

Not a single one....I see no link to any such hogwash.

 

[rightwinger]

And the DOW dropped over 200 points today. Yippee!!!!!

And its up 5500 points since the passing of TARP/Stimulus

Yippee!!!!!!

I didn't realize the DOW had dropped to 5500. Amazing!

Of course the government has built a house of cards so make sure you cash-out before it comes crashing down again.

I stand corrected...make that 4500 points or 70% increase

 

[Oddball]

When are we getting back the $2.5 trillion Bush tax cut?

We would have gotten the $2.5T back via economic growth and increased employment, which Obama has now destroyed.

(Although I dispute that it is the government's "to get back".)

Economic Growth??

Americans lost $13 trillion in personal wealth in the last 18 months of the Bush administration

You call that growth??

And tax cuts had exactly what to do with that?

I mean other than nothing.

 

[elvis]

And its up 5500 points since the passing of TARP/Stimulus

Yippee!!!!!!

I didn't realize the DOW had dropped to 5500. Amazing!

Of course the government has built a house of cards so make sure you cash-out before it comes crashing down again.

I stand corrected...make that 4500 points or 70% increase

and it's all because of the ossiah.

 

[rightwinger]

We would have gotten the $2.5T back via economic growth and increased employment, which Obama has now destroyed.

(Although I dispute that it is the government's "to get back".)

Economic Growth??

Americans lost $13 trillion in personal wealth in the last 18 months of the Bush administration

You call that growth??

Scuze moi, but your study to support the $2.5T figure is about making the tax cuts permanent. As they expire next year, the time horizon is not limited to the 18 months when the Big Government enabled financial crisis came to a head.

When Bush took office, approx. 137M people were employed. When he left office, that number had increased to 145M. IOW, a net 8M jobs were created during his 8 years in office.

At the end of 2009, the total number of employed had decreased by over 5M. In one year, Obama's policies have resulted in an enormous drop of total employed (back to 2004 levels). And why is this? - his policies drive Big Government at the expense of private sector growth. The latter is what creates jobs. Increasing taxes SUCKS THE OXYGEN out of job creation.

CPS Tables

Which specific Obama policies resulted in an enormous drop in employment??

 

[Oddball]

Where are all the wingnuts who would be posting thread after thread about how inept Obama is if Citigroup or GM had defaulted on the loans.

That is what the rightwing pundits predicted....that we were throwing money away

No they didn't. Quit lying. We knew and understood that TARP would be paid back....unlike your President's Stimulus.

Sure you did...

How many threads did we get that GM would never repay the money and that we would have to continue to bail them out until they eventually collapsed?

The Conservatives claimed that TARP was outright nationalism and the money was gone forever

And GM still hasn't repaid jack squat...All they did is take money from their bailout fund to "pay back" their "loan".

Sucker.

 

[boedicca]

Economic Growth??

Americans lost $13 trillion in personal wealth in the last 18 months of the Bush administration

You call that growth??

Scuze moi, but your study to support the $2.5T figure is about making the tax cuts permanent. As they expire next year, the time horizon is not limited to the 18 months when the Big Government enabled financial crisis came to a head.

When Bush took office, approx. 137M people were employed. When he left office, that number had increased to 145M. IOW, a net 8M jobs were created during his 8 years in office.

At the end of 2009, the total number of employed had decreased by over 5M. In one year, Obama's policies have resulted in an enormous drop of total employed (back to 2004 levels). And why is this? - his policies drive Big Government at the expense of private sector growth. The latter is what creates jobs. Increasing taxes SUCKS THE OXYGEN out of job creation.

CPS Tables

Which specific Obama policies resulted in an enormous drop in employment??

There are several items which are stalling out the private sector:

- Stimulus
- Diverting TARP into non-financials instead of using funds to reduce the deficit
- Announcing that the Bush Tax cuts will expire
- ObamaCare

In sum, the drive towards larger government is crowding out the private sector. His programs increase the Federal government from 20% to over 30%. That prospect is stunting economic growth and stubbing out job creation.