Great Yard Sign Explaining President Obama's Change

[AllieBaba]

Obama inherited a huge, huge mess.

All Americans should at least give him a chance

So did Reagan. After we endured Jimmy Carter, we were in a huge mess.

He turned it around.

On the flip side, Obama's making it worse. Everyone knows it. Even yellow dog knows it...

 

[Modbert]

So did Reagan. After we endured Jimmy Carter, we were in a huge mess.

He turned it around.

On the flip side, Obama's making it worse. Everyone knows it. Even yellow dog knows it...

Reagan raised taxes over, and over. He raised taxes FOUR times between 1982-1984 alone. He expanded Government too.

So therefore, if Obama did these things, you'd be alright with it?

 

[AllieBaba]

Dufus, 4 times is nothing in 8 years. NOTHING.

 

[Modbert]

Sure he did, dufus.

What are you? Ignorant?

This hasn't stopped recent contemporary conservative biographers from claiming otherwise. "He said he would cut the budget, and he did," declares Peggy Noonan in When Character Was King. In fact, the budget grew significantly under Reagan. All he managed to do was moderately slow its rate of growth. What's more, the number of workers on the federal payroll rose by 61,000 under Reagan. (By comparison, under Clinton, the number fell by 373,000.)

The following year, Reagan made one of the greatest ideological about-faces in the history of the presidency, agreeing to a $165 billion bailout of Social Security. In almost every way, the bailout flew in the face of conservative ideology. It dramatically increased payroll taxes on employees and employers, brought a whole new class of recipients--new federal workers--into the system, and, for the first time, taxed Social Security benefits, and did so in the most liberal way: only those of upper-income recipients. (As an added affront to conservatives, the tax wasn't indexed to inflation, meaning that more and more people have gradually had to pay it over time.)

Yet raising taxes is exactly what Reagan did. He did not always instigate those hikes or agree to them willingly--but he signed off on them. One year after his massive tax cut, Reagan agreed to a tax increase to reduce the deficit that restored fully one-third of the previous year's reduction. (In a bizarre bit of self-deception, Reagan, who never came to terms with this episode of ideological apostasy, persuaded himself that the three-year, $100 billion tax hike--the largest since World War II--was actually "tax reform" that closed loopholes in his earlier cut and therefore didn't count as raising taxes.)

Faced with looming deficits, Reagan raised taxes again in 1983 with a gasoline tax and once more in 1984, this time by $50 billion over three years, mainly through closing tax loopholes for business. Despite the fact that such increases were anathema to conservatives--and probably cost Reagan's successor, George H.W. Bush, reelection--Reagan raised taxes a grand total of four times just between 1982-84.

Reagan continued these "modest rollbacks" in his second term. The historic Tax Reform Act of 1986, though it achieved the supply side goal of lowering individual income tax rates, was a startlingly progressive reform. The plan imposed the largest corporate tax increase in history--an act utterly unimaginable for any conservative to support today. Just two years after declaring, "there is no justification" for taxing corporate income, Reagan raised corporate taxes by $120 billion over five years and closed corporate tax loopholes worth about $300 billion over that same period. In addition to broadening the tax base, the plan increased standard deductions and personal exemptions to the point that no family with an income below the poverty line would have to pay federal income tax.

Care to admit you were wrong?

 

[Modbert]

Dufus, 4 times is nothing in 8 years. NOTHING.

Look at my post above, are you kidding me? As you can see, he raised taxes more then 4 times in 8 years. What a joke you are.

 

[alan1]

I think I will go out in my garage and make a sign like this and put it up. All my neighbors will start baking pies for me.

I will bake you a good old fashioned American apple pie for that

I'll ante up a pecan pie..

Easy now, you aren't allowed to have too much pie, just ask Ms Obama,

[ame=http://www.youtube.com/watch?v=D7rAuTE5YcE]YouTube - Michelle Obama's startling SOCIALIST TIRADE![/ame]

 

[AllieBaba]

Crud, I tried to edit that to say, "Dufus, 4 times in 8 years is nothing."

My bad. Not that I checked. But you're usually a little more accurate than boobo. Not much, but a little. I meant to give you the benefit of the doubt.

 

[DamnYankee]

Obama inherited a huge, huge mess.

All Americans should at least give him a chance

How much time would you like us to give him? The last campaign was 22 months long!

 

[WillowTree]

When will the American people realize that Obama is our only Hope for Change!!!

I've said it from the very beginning. I'm going to give the obamlama the exact same level of respect that President Bush received from the left. Life is

 

[manu1959]

Obama inherited a huge, huge mess.

All Americans should at least give him a chance

uhmmmmmmmmmmm....as i recall he wanted the job and said he could make it better......

 

[edthecynic]

Crud, I tried to edit that to say, "Dufus, 4 times in 8 years is nothing."

My bad. Not that I checked. But you're usually a little more accurate than boobo. Not much, but a little. I meant to give you the benefit of the doubt.

Try 8 times in the 6 years after the 1981 tax cut. The election year of 1988 was the the only other year St Ronnie didn't raise taxes.

Here is a list of Reagan's tax increases after his ONLY tax cut in 1981.

First term

1. Tax Equity and Fiscal Responsibility Act of 1982

2. Highway Revenue Act of 1982

3. Social Security Amendments of 1983

4. Interest and Dividend Tax Compliance Act of 1983

5. Deficit Reduction Act of 1984

Second term

6. Omnibus Budget Reconciliation Act of 1985

7. Tax Reform Act of 1986

8. Omnibus Budget Reconciliation Act of 1987

 

[edthecynic]

Obama inherited a huge, huge mess.

All Americans should at least give him a chance

How much time would you like us to give him? The last campaign was 22 months long!

But CON$ were blaming the 1982 Reagan Recession, the worst recession since the Great Depression, on Carter two full years into Reagan's first term.

The American Spectator : Fumbling Around
The American Spectator
SIDE BY SIDE WITH THE GIPPER
Philip Klein:
Reagan's first two years in office were an expansion of the Carter depression

 

[ScreamingEagle]

Crud, I tried to edit that to say, "Dufus, 4 times in 8 years is nothing."

My bad. Not that I checked. But you're usually a little more accurate than boobo. Not much, but a little. I meant to give you the benefit of the doubt.

Try 8 times in the 6 years after the 1981 tax cut. The election year of 1988 was the the only other year St Ronnie didn't raise taxes.

Here is a list of Reagan's tax increases after his ONLY tax cut in 1981.

First term

1. Tax Equity and Fiscal Responsibility Act of 1982

2. Highway Revenue Act of 1982

3. Social Security Amendments of 1983

4. Interest and Dividend Tax Compliance Act of 1983

5. Deficit Reduction Act of 1984

Second term

6. Omnibus Budget Reconciliation Act of 1985

7. Tax Reform Act of 1986

8. Omnibus Budget Reconciliation Act of 1987

....didn't Reagan go along with Democrats on raising some taxes as long as they promised to cut spending by the same amount...? (and then they kept kept on spending....)

All this fuss about Reagan raising a few taxes is one big attempt by liberals to obfuscate the FACT that Reagan's massive tax cuts had great results....read it and weep...

When Reagan left the White House, the deficit amounted to 2.8 percent of Gross Domestic Product, after having hit 6 percent of GDP in 1983. The economy grew out of the 1982 recession and by the end of Reagan’s presidency the unemployment rate was 5 percent, less than half what it was in 1982.

Breaking News, Weather, Business, Health, Entertainment, Sports, Politics, Travel, Science, Technology, Local, US & World News- msnbc.com

 

[edthecynic]

Crud, I tried to edit that to say, "Dufus, 4 times in 8 years is nothing."

My bad. Not that I checked. But you're usually a little more accurate than boobo. Not much, but a little. I meant to give you the benefit of the doubt.

Try 8 times in the 6 years after the 1981 tax cut. The election year of 1988 was the the only other year St Ronnie didn't raise taxes.

Here is a list of Reagan's tax increases after his ONLY tax cut in 1981.

First term

1. Tax Equity and Fiscal Responsibility Act of 1982

2. Highway Revenue Act of 1982

3. Social Security Amendments of 1983

4. Interest and Dividend Tax Compliance Act of 1983

5. Deficit Reduction Act of 1984

Second term

6. Omnibus Budget Reconciliation Act of 1985

7. Tax Reform Act of 1986

8. Omnibus Budget Reconciliation Act of 1987

Sometimes to be fiscally conservative one must raise taxes...

....but didn't Reagan go along with Democrats on raising some taxes as long as they promised to cut spending by the same amount...? (and then they kept kept on spending....typical)

All this fuss about Reagan raising a few taxes is one big attempt by liberals to obfuscate the FACT that Reagan's massive tax cuts had great results....read it and weep...

When Reagan left the White House, the deficit amounted to 2.8 percent of Gross Domestic Product, after having hit 6 percent of GDP in 1983. The economy grew out of the 1982 recession and by the end of Reagan’s presidency the unemployment rate was 5 percent, less than half what it was in 1982.

Breaking News, Weather, Business, Health, Entertainment, Sports, Politics, Travel, Science, Technology, Local, US & World News- msnbc.com

The result of the 1981 tax cut was the 1982 Reagan Recession, the worst since the Great Depression, with a 6% of GDP deficit, a 10.8% max unemployment rate with 10 months of double digit unemployment, a 20.5% max interest rate and a -6.8% GDP.
The result of the eight 1982 through 1987 tax increases was the reduction of the deficit to 2.8% and reduction of unemployment to 5.3%, and a reduction of interest rates to 11%. Get your chronology straight please.

 

[oreo]

Obama inherited a huge, huge mess.

All Americans should at least give him a chance

??He's already had 787 BILLION chances--that hasn't worked & there is some suggesting that he may need billions more in chances.

 

[garyd]

RobertI'm assuming you've suffered some sort of head trauma since you posted here last. You almost used to be sane and rational. Excuse me but please explain to me what part of taking over GM, half the banking industry and the health care system is not socialist? You are right about one thing though classical liberals like G. WAshington, T. Jefferson, and J. Adams would have been appalled. Obama is not a liberal but then neither if words still meant something in this country are you.

 

[garyd]

No ed you do not get a recession due to a tax rate cut that will have no impact before the mid point of 1982 at the absolute earliest and most of which will have no impact prior to the point in which most of us paid 1982 taxes and got our refunds in 1983.

 

[Modbert]

RobertI'm assuming you've suffered some sort of head trauma since you posted here last. You almost used to be sane and rational. Excuse me but please explain to me what part of taking over GM, half the banking industry and the health care system is not socialist? You are right about one thing though classical liberals like G. WAshington, T. Jefferson, and J. Adams would have been appalled. Obama is not a liberal but then neither if words still meant something in this country are you.

You do in fact realize these companies all willfully took this bailout money? Nobody held a gun to their heads when they begged for the money.

You seem to think it's Socialist but it's not. Especially when it's merely a bailout that will be paid back to the US Treasury later on. When that happens, the Government will have less and less ownership until it dwindles down to nothing again.

The same thing happened in the late 70's with Chrysler and the US Treasury ended up making $350 million off that deal. Stop acting like this is the first time that any sort of company received some kind of bailout. It's not.

 

[edthecynic]

No ed you do not get a recession due to a tax rate cut that will have no impact before the mid point of 1982 at the absolute earliest and most of which will have no impact prior to the point in which most of us paid 1982 taxes and got our refunds in 1983.

No matter how many times you repeat that crap it will NEVER be true!!!

The tax cut passed in August 1981 and St Ronnie's first budget began October 1981, so everybody's WITHHOLDING was cut LONG before any 1983 refunds.

 

[PLYMCO_PILGRIM]

I also wonder if such people feel the same way about the obama defecit as the bush defecit. Since many feel he inherited the problem I will ask a more specific question, are you upset that instead of keeping pace with or doing better than Bush's defecit spending obama has increased it 4 fold?

Are you upset that even though the Iraqi's have taken over their own security in the cities Obama has yet to even bring 1 brigade of troops home?

How about obama saying that the stimulus plan acheived its goals? Do you agree with me that him saying that is as ridiculous as bush landing on an aircraft carrier with the "mission accomplished" banner? Sure we accomplished the mission of removing saddam from power so technically it was right, but we all know that the mission still had a long way to go. Maybe obama did acheive HIS goals already with the stimulus bill....i mean the govt is growing and taking over private industries.

Robert I will answer you post but do you care to answer mine above also? Just curious if you are holding obama to standards too or just democratic circle jerking his actions?

Sorry for intruding upon the Republican circle jerk for a moment. However, I would like to know why more regulation is such a bad thing? It was NO regulation that got us partly into this mess in the first place.

However, I don't expect many Republicans to understand economics, rather just go by politics while chanting the "Mantra No New Taxes!"

Cause you know, Reagan, George H.W Bush, etc followed that so well.


By the way, it's hilariously ironic that Republicans act the same way many did during the Bush Administration about Bush becoming a dictator. Meanwhile, they bitched about those "damn Liberals" that dear act unpatriotic and act like the President is going to topple the government.

But it's different, right?
I'll stop intruding your circle jerk now, feel free to continue.

Let me adress this post since everyone overlooked it on you.

1) It was the housing regulations put into place that caused the financial collapse. Clinton and Bush both increased the percentage of Fannie/Freddy housing loans that MUST go to low income/high risk borrowers during their presidencies, through regulations on lending. IMO it was the failure of these loans that got the ball rolling on this problem.

2) I'm one of those people that is slamming obama that was also mad at bush about his defecit spending and his unconstitutional patriot act (that many democrats voted for BTW)

3) Its not different at all. Bush did the same stupid stuff obama is doing now...in fact the stuff bush did that helped put us into this mess Obama is also doing. The difference is Obama is actually doing MORE of the bad stuff than Bush did. Bush signed 800billion in stimulus and Obama has already passed 4trillion MORE in stimulus/bailouts/tarp ect. Neither president offers/offered a plan to pay for it in an intelligent and productive way.

4) I totally agree with what you said about republicans treating obama and acting in the same manner as they derided liberals for doing to bush. Good thing I'm an American and not a demoncrat or retardican so I can see through the ideological haze of talking points.

I really hope your not being blinded by party ideology into supporting Obama's horrible economic policies.