Economics 101

[Uncensored2008]

Obama DID cut taxes, TWICE, and you just admitted that GDP "languished."

Oh look everyone, edtheliar is lying.

Obama extended the Bush tax cuts twice. Never did he cut taxes.

 

[Indeependent]

I quoted his video and you remarked on the sillieness of the quote. Watch the video on YouTube.

Your avatar pretty much eliminates any and all credibility you might have had. Why is Bill Gates an "a$$shole"? Because he created a product that millions needed and wanted? Because he was successful? Because he - gasp! - made money? Oh the horrors! In your sick socialist mind, what should people aspire to be? Unemployed? Homeless?

Because he started the trend of testifying before Congress that all Americans, including yourself don't have the skill-set required by Corporate America.

Now that is hilarious. You advocate that government take over the private sector and then you act appalled when government brings the private sector in to testify about something they have no business being involved in.

You're such a moron...
CEOs and Directors ask Congress for time to plead their case.

 

[P@triot]

I quoted his video and you remarked on the sillieness of the quote. Watch the video on YouTube.

Your avatar pretty much eliminates any and all credibility you might have had. Why is Bill Gates an "a$$shole"? Because he created a product that millions needed and wanted? Because he was successful? Because he - gasp! - made money? Oh the horrors! In your sick socialist mind, what should people aspire to be? Unemployed? Homeless?

Because he started the trend of testifying before Congress that all Americans, including yourself don't have the skill-set required by Corporate America.

Now that is hilarious. You advocate that government take over the private sector and then you act appalled when government brings the private sector in to testify about something they have no business being involved in.

You're such a moron...
CEOs and Directors ask Congress for time to plead their case.

And if people like you hadn't stocked Congress with libtard Dumbocrats who ignore the Constitution for their own power and wealth, Congress would've told those "CEO's and Directors" to go fuck themselves.

Don't get mad at me because I'm making you realize that you and you're ideology are the cause of the problem. But it is nice to seeing you slowly waking up. You're still groggy and your eyes are mostly closed but it looks like there may be some hope.

 

[Uncensored2008]

If you really want to see ignorance, try a mirror.

And hold it facing you?

So, you can point to Chicago school policies causing a Wall Street "crash" then?

Of course not, you are a political hack, you have no grasp of economic principles. Friedman never proposed Commoditized Debt Obligations, that was fucking bill Clinton. Friedman never suggested heavy use of ARM's for buyers with a 450 FICO and no describable source of income; that was Carter. No advocate of Chicago school economics suggested credit default swaps on of MBS speculation?

You are a hack seeking to promote your party. Let's not pretend you actually know what the fuck you are yammering about.

 

[edthecynic]

Obama didn't raise taxes at first.....GDP languished.

Yup, he should have cut taxes.

Finally he let most of the Bush tax cuts expire and GDP grew.

Nope, after he raised taxes, GDP still languished.

Obama DID cut taxes, TWICE, and you just admitted that GDP "languished."

Obama DID cut taxes, TWICE,

Tax rates are higher than when he took office.
Which taxes do you think he cut?

and you just admitted that GDP "languished."

Weakest recovery ever!

The stimulus was 1/3 tax cuts and he cut payroll taxes resulting, according to no less an authority than YOU, in GDP "languishing."

Yeah, temporary tax cuts don't stimulate very well, as I've said before.
For tax cuts to work, people have to think they're permanent.

Yep, weakest recovery ever. At least he stopped the rise of the oceans.

And yet the Right claim the TEMPORARY Bush tax cuts worked perfectly!!!!

 

[edthecynic]

Obama DID cut taxes, TWICE, and you just admitted that GDP "languished."

Oh look everyone, edtheliar is lying.

Obama extended the Bush tax cuts twice. Never did he cut taxes.

Funny how every time you call me a liar, YOU follow it with a lie.
The stimulus was 1/3 tax cuts and Obama cut payroll taxes in addition to extending the Bush tax cuts.

 

[Uncensored2008]

And yet the Right claim the TEMPORARY Bush tax cuts worked perfectly!!!!

You grasp the distinction between cuts and one time Stimulus rebates, right?

 

[edthecynic]

And yet the Right claim the TEMPORARY Bush tax cuts worked perfectly!!!!

You grasp the distinction between cuts and one time Stimulus rebates, right?

Do you mean like Bush's $300 and $600 tax rebates the Right has always called tax cuts?
Like Bush's temporary tax cuts, Obama's included BOTH tax cuts and tax rebates.

 

[Uncensored2008]

Funny how every time you call me a liar, YOU follow it with a lie.
The stimulus was 1/3 tax cuts and Obama cut payroll taxes in addition to extending the Bush tax cuts.

No ed, it sure wasn't. The Porkulus included tax REBATES. These are vastly different than tax cuts, No one had their rate lowered, they we simply given a one-time rebate.

{
Tax rebates created by the law were paid to individual U.S. taxpayers during 2008. Most taxpayers below the income limit received a rebate of at least $300 per person ($600 for married couples filing jointly). Eligible taxpayers received, along with their individual payment, $300 per dependent child under the age of 17. The payment was equal to the payer's net income tax liability, but could not exceed $600 (for a single person) or $1200 (married couple filing jointly).[3] Net liability can be found in these locations:

• Form 1040: line 57 plus line 52
• Form 1040A: line 35 plus line 32
• Form 1040EZ: line 10

Those with no net tax liability were still eligible to receive a rebate, provided they met minimum qualifying income of $3,000 per year.[4] Rebates were phased out for taxpayers with adjusted gross incomes greater than $75,000 ($150,000 for couples filing jointly) in 2007. For taxpayers with incomes greater than $75,000, rebates were reduced at a rate of 5% of the income above this limit. Individuals who were claimed as dependents by another taxpayer were not eligible for the rebates.[3]}

Economic Stimulus Act of 2008 - Wikipedia, the free encyclopedia

 

[Toddsterpatriot]

The iPhone doesn't display the Post.
Go to YouTube and search for Milton Friedman Great Depression.

What was your claim about the video?
How did I mock what Friedman said?

If you find your post, let me know.
If I had to guess, you said something inaccurate and I mocked you.

I pointed out a video from Milton Friedman that didn't mesh with your viewpoint and you mocked it; not much of an aberration in your behavior.
Now stop bullshitting and watch the video for yourself.

I pointed out a video from Milton Friedman that didn't mesh with your viewpoint and you mocked it

Sounds like you are confused. If you find your post, let me know.
I'll point out your confusion again.

 

[Rshermr]

Obama didn't raise taxes at first.....GDP languished.

Yup, he should have cut taxes.
Yup. Like reagan did. when he caused a major recession. Typical stupid con idea. A general tax increase, or more likely, a tax cut for the wealthy.

Finally he let most of the Bush tax cuts expire and GDP grew.

Nope, after he raised taxes, GDP still languished.

Obama DID cut taxes, TWICE, and you just admitted that GDP "languished."

Obama DID cut taxes, TWICE,

Tax rates are higher than when he took office.
So, Todd shows how to lie without actually saying anything that is technically untrue. Like Obama raised federal tax rates. Which he did not. That taxes would be slightly higher would be, me con tool, for obvious reasons. The TEMPORARY bush tax cuts ran out. But the tax rates, again as you know, are lower than they were in the 1950's.

Which taxes do you think he cut?
Here are a few:
"This is an astonishing level of misunderstanding. The truth is that the major tax cuts enacted in the 2009 economic stimulus bill actually reduced federal income taxes for tax year 2009 for 98 percent of all working families and individuals. These tax cuts saved working families and individuals an average of $1,158 on the tax returns they will file by April 15. (The median tax cut was approximately $600.) The stimulus bill included several tax"
http://ctj.org/pdf/truthaboutobamataxcuts.pdf

and you just admitted that GDP "languished."

Weakest recovery ever!

It needed congressional help. You see, no president can pass bills on his own. As you are pretending to not understand. And republicans BLOCKED every bill meant to help, and passed none of their own. Because, like you, they did not want to help, and they did not care about the middle class. Every single republican congressman voted against every bill brought forward to help the economy. EVERY ONE. And in every case, every single republican congressman voted against the bills.

and what bills did republicans bring forward to help lower unemployment and help with the slow recovery?

 

[Toddsterpatriot]

Obama didn't raise taxes at first.....GDP languished.

Yup, he should have cut taxes.

Finally he let most of the Bush tax cuts expire and GDP grew.

Nope, after he raised taxes, GDP still languished.

Obama DID cut taxes, TWICE, and you just admitted that GDP "languished."

Obama DID cut taxes, TWICE,

Tax rates are higher than when he took office.
Which taxes do you think he cut?

and you just admitted that GDP "languished."

Weakest recovery ever!

The stimulus was 1/3 tax cuts and he cut payroll taxes resulting, according to no less an authority than YOU, in GDP "languishing."

Yeah, temporary tax cuts don't stimulate very well, as I've said before.
For tax cuts to work, people have to think they're permanent.

Yep, weakest recovery ever. At least he stopped the rise of the oceans.

And yet the Right claim the TEMPORARY Bush tax cuts worked perfectly!!!!

Not me. Moronic temporary tax cuts are moronic, no matter who does them.

 

[Uncensored2008]

Do you mean like Bush's $300 and $600 tax rebates the Right has always called tax cuts?
Like Bush's temporary tax cuts, Obama's included BOTH tax cuts and tax rebates.

So the Bush cuts were a one time thing?

Or did they continue for 11 years?

 

[Toddsterpatriot]

Obama didn't raise taxes at first.....GDP languished.

Yup, he should have cut taxes.
Yup. Like reagan did. when he caused a major recession. Typical stupid con idea. A general tax increase, or more likely, a tax cut for the wealthy.

Finally he let most of the Bush tax cuts expire and GDP grew.

Nope, after he raised taxes, GDP still languished.

Obama DID cut taxes, TWICE, and you just admitted that GDP "languished."

Obama DID cut taxes, TWICE,

Tax rates are higher than when he took office.
So, Todd shows how to lie without actually saying anything that is technically untrue. Like Obama raised federal tax rates. Which he did not. That taxes would be slightly higher would be, me con tool, for obvious reasons. The TEMPORARY bush tax cuts ran out. But the tax rates, again as you know, are lower than they were in the 1950's.

Which taxes do you think he cut?
Here are a few:
"This is an astonishing level of misunderstanding. The truth is that the major tax cuts enacted in the 2009 economic stimulus bill actually reduced federal income taxes for tax year 2009 for 98 percent of all working families and individuals. These tax cuts saved working families and individuals an average of $1,158 on the tax returns they will file by April 15. (The median tax cut was approximately $600.) The stimulus bill included several tax"
http://ctj.org/pdf/truthaboutobamataxcuts.pdf

and you just admitted that GDP "languished."

Weakest recovery ever!

It needed congressional help. You see, no president can pass bills on his own. As you are pretending to not understand. And republicans BLOCKED every bill meant to help, and passed none of their own. Because, like you, they did not want to help, and they did not care about the middle class. Every single republican congressman voted against every bill brought forward to help the economy. EVERY ONE. And in every case, every single republican congressman voted against the bills.

and what bills did republicans bring forward to help lower unemployment and help with the slow recovery?

And republicans BLOCKED every bill meant to help, and passed none of their own.

Stopping his new spending plans was good.

Every single republican congressman voted against every bill brought forward to help the economy.

Obama spending plans wouldn't help the economy.

and what bills did republicans bring forward to help lower unemployment and help with the slow recovery?

You should look on Reid's desk.

 

[edthecynic]

The Porkulus included tax REBATES. These are vastly different than tax cuts, No one had their rate lowered, they we simply given a one-time rebate.

You can always tell a mindless DittoTard.

In addition to the rebates, the STIMULUS Bill included tax cuts for BUSINESS as well as individuals. Much of the $275 billion in tax cuts would go to middle-income families in the form of $1,000 tax cuts ($500 for individuals). An array of business and other tax cuts would make up the remainder.

 

[Rshermr]

Obama didn't raise taxes at first.....GDP languished.

Yup, he should have cut taxes.
Yup. Like reagan did. when he caused a major recession. Typical stupid con idea. A general tax increase, or more likely, a tax cut for the wealthy.

Finally he let most of the Bush tax cuts expire and GDP grew.

Nope, after he raised taxes, GDP still languished.

Obama DID cut taxes, TWICE, and you just admitted that GDP "languished."

Obama DID cut taxes, TWICE,

Tax rates are higher than when he took office.
So, Todd shows how to lie without actually saying anything that is technically untrue. Like Obama raised federal tax rates. Which he did not. That taxes would be slightly higher would be, me con tool, for obvious reasons. The TEMPORARY bush tax cuts ran out. But the tax rates, again as you know, are lower than they were in the 1950's.

Which taxes do you think he cut?
Here are a few:
"This is an astonishing level of misunderstanding. The truth is that the major tax cuts enacted in the 2009 economic stimulus bill actually reduced federal income taxes for tax year 2009 for 98 percent of all working families and individuals. These tax cuts saved working families and individuals an average of $1,158 on the tax returns they will file by April 15. (The median tax cut was approximately $600.) The stimulus bill included several tax"
http://ctj.org/pdf/truthaboutobamataxcuts.pdf

and you just admitted that GDP "languished."

Weakest recovery ever!

It needed congressional help. You see, no president can pass bills on his own. As you are pretending to not understand. And republicans BLOCKED every bill meant to help, and passed none of their own. Because, like you, they did not want to help, and they did not care about the middle class. Every single republican congressman voted against every bill brought forward to help the economy. EVERY ONE. And in every case, every single republican congressman voted against the bills.

and what bills did republicans bring forward to help lower unemployment and help with the slow recovery?

And republicans BLOCKED every bill meant to help, and passed none of their own.

Stopping his new spending plans was good.
Worked as you and the republican congress hoped. No stimulus was gained, and the recovery was not helped. So, yes, it was good for those who do not care what happened to the American Middle Class. To most of us, however, it was un-American.

Every single republican congressman voted against every bill brought forward to help the economy.

Obama spending plans wouldn't help the economy.
So you say. The cbo disagrees. Most economists disagree. But as I said, the conservatives did not care what they did to the economy or the american workers. They simply wanted the economy to fail. And to blame the other party. Which is un-american.

and what bills did republicans bring forward to help lower unemployment and help with the slow recovery?

You should look on Reid's desk.
Typical stupid con statement. If there was a bill sent forward, you can find it on the net. Easily. So, look at the internet. And quit proving you are a con tool. Try a rational argument. Maybe even with an impartial link.
If conservatives wanted to help the unemployment problem, they would have made an effort. If they did not care, they would not have made an effort. If they made and effort, there would be a bill, and we could find it. So, me boy, again, name the bill
Or are you just going to continue with short snarky unsubstantiated posts?

 

[edthecynic]

Do you mean like Bush's $300 and $600 tax rebates the Right has always called tax cuts?
Like Bush's temporary tax cuts, Obama's included BOTH tax cuts and tax rebates.

So the Bush cuts were a one time thing?

Or did they continue for 11 years?

Notice how the Right lies, I said the Bush tax cuts were "TEMPORARY" which they were, they eventually expired after being renewed again TEMPORARILY. So the worthless lying scum Right change my words to "a one time thing."

 

[Rshermr]

The Porkulus included tax REBATES. These are vastly different than tax cuts, No one had their rate lowered, they we simply given a one-time rebate.

You can always tell a mindless DittoTard.

In addition to the rebates, the STIMULUS Bill included tax cuts for BUSINESS as well as individuals.

Have you noticed that conservatives only have blame, always for dems. They never have solutions. Just blame. And that the blame is in the form of conservative talking points. And that they NEVER take responsibility. Ever. The Great Republican Recession, which was saved from turning into a depression, was never the fault of repubs in their minds. Sad. Proves they are fully capable of believing what they want to believe, and putty in the hands of the conservative bosses.
I am still looking for the bills put forward by republicans to help anything except the wealthy.

 

[Rshermr]

Do you mean like Bush's $300 and $600 tax rebates the Right has always called tax cuts?
Like Bush's temporary tax cuts, Obama's included BOTH tax cuts and tax rebates.

So the Bush cuts were a one time thing?

Or did they continue for 11 years?

Notice how the Right lies, I said the Bush tax cuts were "TEMPORARY" which they were, they eventually expired after being renewed again TEMPORARILY. So the worthless lying scum Right change my words to "a one time thing."

Yes, but most con tools are simply congenital liars. They really can not help themselves.
And they do not care whether they lie or not. as long as what they say is what they want to believe. Normal people rebel at being told what to believe. Cons revel in it. It is what they long for. Poor ignorant clowns.
5 Scientific Studies That Prove Republicans Are Plain Stupid
5 Scientific, Peer-Reviewed Studies That Prove Republicans Are Just Stupid

 

[Toddsterpatriot]

Obama didn't raise taxes at first.....GDP languished.

Yup, he should have cut taxes.
Yup. Like reagan did. when he caused a major recession. Typical stupid con idea. A general tax increase, or more likely, a tax cut for the wealthy.

Finally he let most of the Bush tax cuts expire and GDP grew.

Nope, after he raised taxes, GDP still languished.

Obama DID cut taxes, TWICE, and you just admitted that GDP "languished."

Obama DID cut taxes, TWICE,

Tax rates are higher than when he took office.
So, Todd shows how to lie without actually saying anything that is technically untrue. Like Obama raised federal tax rates. Which he did not. That taxes would be slightly higher would be, me con tool, for obvious reasons. The TEMPORARY bush tax cuts ran out. But the tax rates, again as you know, are lower than they were in the 1950's.

Which taxes do you think he cut?
Here are a few:
"This is an astonishing level of misunderstanding. The truth is that the major tax cuts enacted in the 2009 economic stimulus bill actually reduced federal income taxes for tax year 2009 for 98 percent of all working families and individuals. These tax cuts saved working families and individuals an average of $1,158 on the tax returns they will file by April 15. (The median tax cut was approximately $600.) The stimulus bill included several tax"
http://ctj.org/pdf/truthaboutobamataxcuts.pdf

and you just admitted that GDP "languished."

Weakest recovery ever!

It needed congressional help. You see, no president can pass bills on his own. As you are pretending to not understand. And republicans BLOCKED every bill meant to help, and passed none of their own. Because, like you, they did not want to help, and they did not care about the middle class. Every single republican congressman voted against every bill brought forward to help the economy. EVERY ONE. And in every case, every single republican congressman voted against the bills.

and what bills did republicans bring forward to help lower unemployment and help with the slow recovery?

And republicans BLOCKED every bill meant to help, and passed none of their own.

Stopping his new spending plans was good.
Worked as you and the republican congress hoped. No stimulus was gained, and the recovery was not helped. So, yes, it was good for those who do not care what happened to the American Middle Class. To most of us, however, it was un-American.

Every single republican congressman voted against every bill brought forward to help the economy.

Obama spending plans wouldn't help the economy.
So you say. The cbo disagrees. Most economists disagree. But as I said, the conservatives did not care what they did to the economy or the american workers. They simply wanted the economy to fail. And to blame the other party. Which is un-american.

and what bills did republicans bring forward to help lower unemployment and help with the slow recovery?

You should look on Reid's desk.
Typical stupid con statement. If there was a bill sent forward, you can find it on the net. Easily. So, look at the internet. And quit proving you are a con tool. Try a rational argument. Maybe even with an impartial link.
If conservatives wanted to help the unemployment problem, they would have made an effort. If they did not care, they would not have made an effort. If they made and effort, there would be a bill, and we could find it. So, me boy, again, name the bill
Or are you just going to continue with short snarky unsubstantiated posts?

The debt is $8.6 trillion higher than the day he took office.
How much more deficit spending does he need to stimulate the economy?

Repealing Obamacare would help employment.
Rolling back some of Obama's idiotic regulations would help employment.
Cutting the corporate tax rate to 20% would help employment.

Would Obama sign anything like that?