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Monngie

Monngie
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  • What elephant in the room? Pres. Obama's new deficit reduction proposal reportedly will leave out changes to Social Security, and may exclude any increase in the Medicare eligibility age. Obama "does not believe that Social Security is a driver of our near- and medium-term deficits," the White House says.  [View news story]
    All RNCs fault.

    Two can play this game TrueConservative.
    Sep 16 09:07 PM | Likes Like |Link to Comment
  • House Speaker John Boehner says he's submitting a competing plan to President Obama's $447B jobs plan that will emphasize cutting payroll taxes and providing tax breaks for hiring by small businesses. Boehner says an unemployment rate of 9.1% in August points to the fact that "job creators in America are on strike... and raising taxes at this point in our economy will help kill jobs."  [View news story]
    Well, we could clean the slate and begin all over again. That would keep them busy for another 100 years. They might salivate over this idea.
    Sep 16 09:05 PM | 1 Like Like |Link to Comment
  • House Speaker John Boehner says he's submitting a competing plan to President Obama's $447B jobs plan that will emphasize cutting payroll taxes and providing tax breaks for hiring by small businesses. Boehner says an unemployment rate of 9.1% in August points to the fact that "job creators in America are on strike... and raising taxes at this point in our economy will help kill jobs."  [View news story]
    I'm in Ohio. He won't be there after the election.
    Sep 16 09:02 PM | 1 Like Like |Link to Comment
  • House Speaker John Boehner says he's submitting a competing plan to President Obama's $447B jobs plan that will emphasize cutting payroll taxes and providing tax breaks for hiring by small businesses. Boehner says an unemployment rate of 9.1% in August points to the fact that "job creators in America are on strike... and raising taxes at this point in our economy will help kill jobs."  [View news story]
    Lame and Boehner are synonymous.
    Sep 16 09:01 PM | 1 Like Like |Link to Comment
  • House Speaker John Boehner says he's submitting a competing plan to President Obama's $447B jobs plan that will emphasize cutting payroll taxes and providing tax breaks for hiring by small businesses. Boehner says an unemployment rate of 9.1% in August points to the fact that "job creators in America are on strike... and raising taxes at this point in our economy will help kill jobs."  [View news story]
    Not only that, it doesn't spur any demand. If the other 95% are buying the factories that the 5% own and are now running at 70%, will continue to run at 70%.

    They can only buy so many yachts and jets.
    Sep 16 08:59 PM | Likes Like |Link to Comment
  • President Obama's $450B jobs plan may wind up pushing us into recession rather than pulling us out, says John Carney. Following his logic, the crux of the plan is to have government spend more and tax less. However, if people fear increased government spending will result in higher taxes, they may wind up saving more than the government spends, in anticipation of the taxes - which could lead to economic contraction.  [View news story]
    Do you remember the unnecessary war the American people got lied into. You know the one that killed and injured hundreds of thousands of people. Killed and injured tens of thousands of our Sons and Daughters. Squandered trillions of dollars. Outed CIA agents and destroyed anyone that disagreed and tried to reveal what was really going on. You must not know anything about the billions that went to Halliburton and a host of other no bid contractors during the Iraq war. No funny business going on there.
    Sep 16 03:12 PM | Likes Like |Link to Comment
  • An "insane" datapoint from Barry Ritholtz: Bank of America (BAC) is getting rid of more employees than the total number of employees at most of its largest U.S. competitors. Even more insane: The employees are not the source of BofA's distress. Ritholtz says it's an example of the evils of the bank bailouts, which "created a huge, unmanageable, anti-competitive bank."  [View news story]
    30,000 employees. Who do you suppose that will be the six, seven, figure guys and gals or the five figure. We're really hearing a lot about how their going to limit bonuses for the six and seven figures guys and gals that aren't going to take any hit at all. All of this really reeks.
    Sep 15 07:13 PM | Likes Like |Link to Comment
  • The SEC says documents from the initial probes of major banks and Bernie Madoff were destroyed under an old document retention policy. The agency's enforcement director contends current or future investigations weren't harmed, but Sen. Charles Grassley says with the documents gone "we'll never know how important they might have been." (previous)  [View news story]
    In the olden days documents were destroyed because it was impossible to maintain and store all that paper. In this day and age, nothing should be destroyed EVER!!!!!! It's just ones and zeros on a hard disk. The only possible reason to destroy this data is to avoid prosecution. The only explanation is these people are criminals.
    Sep 15 07:06 PM | 1 Like Like |Link to Comment
  • President Obama's $450B jobs plan may wind up pushing us into recession rather than pulling us out, says John Carney. Following his logic, the crux of the plan is to have government spend more and tax less. However, if people fear increased government spending will result in higher taxes, they may wind up saving more than the government spends, in anticipation of the taxes - which could lead to economic contraction.  [View news story]
    If he didn't spend the money required by the tailspin Bush put our economy in, we'd all be standing in soup lines.

    Bush wan't, isn't, and will never be good for anything. He is without a doubt the dumbest President we've ever had. He spent money like a drunkin' sailor and because he spent money like a drunkin' sailor and caused the great resession, Obama had to clean up his mess with government spending.

    What do you suppose would have happened if Obama didn't do the things he had to do because of Bush? If your going to say the market would have taken care of it, your delusional.
    Sep 15 01:13 PM | Likes Like |Link to Comment
  • President Obama's $450B jobs plan may wind up pushing us into recession rather than pulling us out, says John Carney. Following his logic, the crux of the plan is to have government spend more and tax less. However, if people fear increased government spending will result in higher taxes, they may wind up saving more than the government spends, in anticipation of the taxes - which could lead to economic contraction.  [View news story]
    Clinton didn't have an immediate impact. It took four years for him to come up to speed and have an impact.

    The reality is that lower taxes and reduced regulation haven't spurred employment or economic gain in the past ten years with the Bush tax cuts.

    I agree you can't tax your way out of a recession. But, tax policy and the allocation of revenues can have a dramatic effect on spurring growth. I agree that Obama hasn't done that very well, but, you could also argue that it is more Congresses responsibility and they haven't done S#!+. We should have raised taxes on the rich and given the middle class a huge tax cut three years ago to spur demand and make the rich work for they're money by cranking up factories to meet that demand.

    I am and expert in dementia by virtue of being an avid reader of your posts
    Sep 14 04:01 PM | Likes Like |Link to Comment
  • The details are coming in on how Pres. Obama plans to pay for his $447B jobs plan: ending tax breaks for energy companies, people making more than $200,000/year, and private-equity funds. These are familiar talking points, and a plan relying on tax increases and no spending cuts likely gives Republicans the ammunition to thwart Obama yet again.  [View news story]
    No you didn't Joe. And its really obvious to us you shouldn't say it!!!
    Sep 14 03:20 PM | Likes Like |Link to Comment
  • The details are coming in on how Pres. Obama plans to pay for his $447B jobs plan: ending tax breaks for energy companies, people making more than $200,000/year, and private-equity funds. These are familiar talking points, and a plan relying on tax increases and no spending cuts likely gives Republicans the ammunition to thwart Obama yet again.  [View news story]
    ..........doesn't get that these 'tax breaks' are engrained in the business model.

    It's time to UNengrain the tax breaks. It's corporate blackmail.

    If there is oil and a market for it they will spend the money to make the money. They shouldn't require any incentives from the taxpayers.

    Essentially what you are saying is that Obama is a free market capitalist by doing away with the tax breaks.
    Sep 14 03:18 PM | Likes Like |Link to Comment
  • The details are coming in on how Pres. Obama plans to pay for his $447B jobs plan: ending tax breaks for energy companies, people making more than $200,000/year, and private-equity funds. These are familiar talking points, and a plan relying on tax increases and no spending cuts likely gives Republicans the ammunition to thwart Obama yet again.  [View news story]
    nukedafridge

    Your a hero. Don't ever give up.
    Sep 14 03:13 PM | Likes Like |Link to Comment
  • The details are coming in on how Pres. Obama plans to pay for his $447B jobs plan: ending tax breaks for energy companies, people making more than $200,000/year, and private-equity funds. These are familiar talking points, and a plan relying on tax increases and no spending cuts likely gives Republicans the ammunition to thwart Obama yet again.  [View news story]
    They also use it to invest in emerging markets and move factories offshore, and hire foreign labor, and pour billions into PACs to further their corporated political agenda.................

    But I don't see them hiring employees or increasing the pay and benefits of their employees. That hasn't happened in ten years.

    Coincidentally, about the same time the Bush tax cuts have been in place.
    Sep 14 03:06 PM | Likes Like |Link to Comment
  • The details are coming in on how Pres. Obama plans to pay for his $447B jobs plan: ending tax breaks for energy companies, people making more than $200,000/year, and private-equity funds. These are familiar talking points, and a plan relying on tax increases and no spending cuts likely gives Republicans the ammunition to thwart Obama yet again.  [View news story]
    nukedafridge

    BRAVO.

    I see the comment below didn't refute anything you said.

    They can't handle the truth.
    Sep 14 03:01 PM | Likes Like |Link to Comment
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