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"There is an art to populist demagoguery..."
The latest round from the President and Leftist supporters is falling flat
So no deficit reduction, keep spending trillions more then we have and to help offset it steal the money from those you think have to much. Thanks for proving the point of just how brain damaged you are.
Explain again how taking MORE percentage wise from people that happen to have more then you is A) Justified under the Constitution, B) reasonable behavior for a Government to do, And C) why you think those with more should pay a higher percentage based on some sense of fair play and reasonable conscious.
"As we’ve been documenting, a group of multinational corporations have launched a campaign called “WinAmerica,” in an attempt to convince Congress to approve what’s known as a tax repatriation holiday. This tax holiday would allow corporations to bring money that they have stashed overseas back to the U.S. at a dramatically lower tax rate (instead of the 35 percent rate that they would normally pay).
JP Morgan’s chief equity strategist Thomas Lee has now jumped into the fray on behalf of his corporate brethren, promoting the holiday as a boost to the economy. “From a market’s perspective, this likely represents a substantial catalyst,” he wrote.
However, just two months ago, JP Morgan analysts were singing a very different tune, finding that a repatriation holiday would do little good for the economy:
"The JP Morgan researchers weigh in on the subject of repatriation and conclude that even in the unlikely event such a tax holiday is created — it’s opposed by the Obama administration — while there is a House bill on the matter, there is no companion legislation in the Senate — it would not result in a flood of repatriation. This is largely because much of the over $1 trillion worth of undistributed earnings overseas will likely be reinvested across the pond."
"'The point we make forcefully in this report is that there were no data about where this money was going, no information about where this money was going,' Elizabeth Warren, a professor at Harvard Law School who chaired the panel."It must bother the Left when only certain monies go overseas
Funny how that works
Report: TARP funds ended up overseas
Ten percent of the money, $70 billion, went to American International Group to keep the insurance giant from collapse, the report said. AIG received twice what France spent on its entire program and half the money Germany put into the financial system, with much of the U.S. money going to AIG's partners in Europe.
Oh shut it. No one is suggesting Medicare be destroyed.
"Plus, Congress already tried such a holiday in 2004.The companies that benefited most wound up cutting jobs, and companies started stowing even more money offshore in anticipation that another repatriation holiday could be wrung out of Congress.So no deficit reduction, keep spending trillions more then we have and to help offset it steal the money from those you think have to much. Thanks for proving the point of just how brain damaged you are.
Explain again how taking MORE percentage wise from people that happen to have more then you is A) Justified under the Constitution, B) reasonable behavior for a Government to do, And C) why you think those with more should pay a higher percentage based on some sense of fair play and reasonable conscious.Gee, let's seeeeeeeeeeeee......
"As we’ve been documenting, a group of multinational corporations have launched a campaign called “WinAmerica,” in an attempt to convince Congress to approve what’s known as a tax repatriation holiday. This tax holiday would allow corporations to bring money that they have stashed overseas back to the U.S. at a dramatically lower tax rate (instead of the 35 percent rate that they would normally pay).
JP Morgan’s chief equity strategist Thomas Lee has now jumped into the fray on behalf of his corporate brethren, promoting the holiday as a boost to the economy. “From a market’s perspective, this likely represents a substantial catalyst,” he wrote.
However, just two months ago, JP Morgan analysts were singing a very different tune, finding that a repatriation holiday would do little good for the economy:
"The JP Morgan researchers weigh in on the subject of repatriation and conclude that even in the unlikely event such a tax holiday is created — it’s opposed by the Obama administration — while there is a House bill on the matter, there is no companion legislation in the Senate — it would not result in a flood of repatriation. This is largely because much of the over $1 trillion worth of undistributed earnings overseas will likely be reinvested across the pond."
How exactly would you expect such a system to work.I'm starting to think capitalism is incapable of producing enough jobs to meet its populations' demands. Maybe it's time for a new economic system predicated on maximizing employment instead of profits?
I'm starting to think capitalism is incapable of producing enough jobs to meet its populations' demands. Maybe it's time for a new economic system predicated on maximizing employment instead of profits?
How exactly would you expect such a system to work.I'm starting to think capitalism is incapable of producing enough jobs to meet its populations' demands. Maybe it's time for a new economic system predicated on maximizing employment instead of profits?
"'The point we make forcefully in this report is that there were no data about where this money was going, no information about where this money was going,' Elizabeth Warren, a professor at Harvard Law School who chaired the panel."It must bother the Left when only certain monies go overseas
Funny how that works
Report: TARP funds ended up overseas
Ten percent of the money, $70 billion, went to American International Group to keep the insurance giant from collapse, the report said. AIG received twice what France spent on its entire program and half the money Germany put into the financial system, with much of the U.S. money going to AIG's partners in Europe.
Report: TARP funds ended up overseas - UPI.com
Elizabeth probably wasn't being completely honest about her confusion over where the money was going. It was going to the richest 1% of citizens regardless of what flag they live under. Maybe you are legitimately perplexed about the existence of the class war: however, families like Bush and Kennedy have no doubt about its primacy to their lifestyles.
Speaking of welfare, corporate jets and deflections..."There is an art to populist demagoguery..."
The latest round from the President and Leftist supporters is falling flat
Real economics issue are apparently too complex to get people to understand what's going on.
So both parties use ISSUES (like Welfare and Corporate jets) to try to galvanize their bases.
FWIW, I'm informed that the corporate private iet fleets keep 140,000 people working at fairly high paying jobs.
I have no problem with corporate mavens having and using private jets as long as they're being used for legitmate BUSINESS purposes.
Oh shut it. No one is suggesting Medicare be destroyed.
This seems to be a growing myth among folks on the right.
There are proposals out there that significantly reform Medicare without destroying it (e.g. the ACA on the payment and delivery side, Lieberman-Coburn on the cost-sharing structure).
There is, however, also a proposal that eliminates Medicare (understood to be a public health insurance program that pays the medical bills of the elderly). The fact that the Republican majority hasn't abandoned in their replacement proposal the concept that the federal government bears some responsibility for the health of the elderly doesn't mean they aren't advocating the destruction of Medicare.
Speaking of welfare, corporate jets and deflections..."There is an art to populist demagoguery..."
The latest round from the President and Leftist supporters is falling flat
Real economics issue are apparently too complex to get people to understand what's going on.
So both parties use ISSUES (like Welfare and Corporate jets) to try to galvanize their bases.
FWIW, I'm informed that the corporate private iet fleets keep 140,000 people working at fairly high paying jobs.
I have no problem with corporate mavens having and using private jets as long as they're being used for legitmate BUSINESS purposes.
"In a well-covered exchange, Jamie Dimon, JPMorgan Chase's chief executive, challenged Ben S. Bernanke, the Federal Reserve chairman, about the costs and benefits of the Dodd-Frank rules. More attention has been paid to the banker's audacity, but the response of the world's most powerful banking regulator was more troubling.
"Mr. Bernanke scraped and bowed in apology without mentioning the staggering costs of the crisis the banks led us into...
"The federal government, in ways explicit and implicit, profoundly subsidizes and shelters the banking industry. True since the 1930s, it is much more so today.
"And that makes Mr. Dimon no capitalist colossus astride the Isle of Manhattan, but one of the great welfare queens in America."
In U.S. Monetary Policy, a Boon to Banks - ProPublica
Dimon is just another rich parasite who hasn't connected the dots between his 10-figure paycheck and the US taxpayer. Maybe we'll get a chance to open his eyes soon?
Actually, it is more Medicare, as is, will destroy the US
So no deficit reduction, keep spending trillions more then we have and to help offset it steal the money from those you think have to much. Thanks for proving the point of just how brain damaged you are.
Explain again how taking MORE percentage wise from people that happen to have more then you is A) Justified under the Constitution, B) reasonable behavior for a Government to do, And C) why you think those with more should pay a higher percentage based on some sense of fair play and reasonable conscious.Gee, let's seeeeeeeeeeeee......
"As weve been documenting, a group of multinational corporations have launched a campaign called WinAmerica, in an attempt to convince Congress to approve whats known as a tax repatriation holiday. This tax holiday would allow corporations to bring money that they have stashed overseas back to the U.S. at a dramatically lower tax rate (instead of the 35 percent rate that they would normally pay).
JP Morgans chief equity strategist Thomas Lee has now jumped into the fray on behalf of his corporate brethren, promoting the holiday as a boost to the economy. From a markets perspective, this likely represents a substantial catalyst, he wrote.
However, just two months ago, JP Morgan analysts were singing a very different tune, finding that a repatriation holiday would do little good for the economy:
"The JP Morgan researchers weigh in on the subject of repatriation and conclude that even in the unlikely event such a tax holiday is created its opposed by the Obama administration while there is a House bill on the matter, there is no companion legislation in the Senate it would not result in a flood of repatriation. This is largely because much of the over $1 trillion worth of undistributed earnings overseas will likely be reinvested across the pond."
How exactly would you expect such a system to work.I'm starting to think capitalism is incapable of producing enough jobs to meet its populations' demands. Maybe it's time for a new economic system predicated on maximizing employment instead of profits?
Actually, it is more Medicare, as is, will destroy the US
Fairly obvious attempt at deflection, as it should be clear at this point that the discussion is between reforming Medicare and destroying it. One side took the step last year of passing into law a fairly comprehensive set of Medicare reforms as a foundation on which to build from here on. The other side countered with a proposal to repeal those reforms and instead destroy Medicare. This is where the debate sits today.
You seem confused about how much those "hard working" rich folk depend on the US government.All this nonsense about increasing taxes. Obama spouts off about rich people, corporate jets, etc..
Then I read this: A fundraiser held at Comcast EVP David Cohen's home reportedly raised $1.2 million for President Barack Obama's relection campaign.....<[email protected]>
SO the wealthy whom Obama wants to smack, are raising funds to get him reelected.
Now,if I were one of those people who are doing "rather well" and someone invited me to a fund raiser that would help put the guy into office that is going to take more of my hard earned money, I'd tell the person who invited me to take me off their Christmas card list.
Should Obama be reelected , he's going to owe not only the unions, but the wealthy as well.
So, all of you who are spitting venom over the wealthy, you can rest assured that your Obamessiah is NOT on your side. He is a politician. And politicians keep their options open. Which means when he's not kissing babies, he's stealing their candy.
Now you people who are entrenched Obama followers will respond by stating that he is the lesser of two evils. Umm.......Not so fast. You don't get to come on here and spout off about how wonderful you think Obama is then quite possibly state he's the best that is out there.
