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Subscribe to RSSMANSFIELD, OH –- President Obama today seized on an independent report as he argued that Mitt Romney's tax plan would lower taxes for the wealthy -- but raise them on the middle class.
Speaking here to a crowd of supporters, he cited a study by the nonpartisan Tax Policy Center that estimated how many tax breaks would have to be ended or reduced to keep Romney's large tax cut revenue neutral.
Larry Downing / Reuters
President Barack Obama shakes hands before he speaks at a campaign event at Mansfield Central Park in Mansfield, Ohio August 1.
“Just today, an independent nonpartisan organization ran all the numbers on Gov. Romney’s plan,” the president said to about 2,100 people in Mansfield’s Central Park. “They found that if Gov. Romney wants to keep his word and pay for this plan then he’d have to cut tax breaks that middle-class families depend on.”
The scenarios the Tax Policy Center gamed out included an extension of the Bush tax cuts, a reduction of individual income tax rates by 20%, elimination of taxes on investment income for most taxpayers, and the elimination of the estate and alternative minimum taxes.
Speaking at campaign rally in Ohio, President Obama says that Mitt Romney is "asking you to pay more so that people like him can get a big tax cut!"
To compensate for the revenues lost by these reductions, the policy center concluded the necessity of “a shift in the tax burden of at least $86 billion [a year] … onto lower-and-middle income taxpayers” through the elimination of tax credits like those for college education and children, as well as deductions for mortgage interest.
Obama said the elimination of those credits would affect middle-class families the most.
“The average middle-class family with children, according to this study, would be hit with a tax increase of more than $2.000,” he said as the crowd booed.
Obama also seemed to make a distinction between good tax increases and bad ones, saying that these tax increases would not serve a meaningful purpose like deficit reduction or infrastructure spending.
“Here’s the thing: He’s not asking you to contribute more to pay down the deficit. He’s not asking you to pay more to invest in our children’s education or rebuild our roads or put more folks back to work. He’s asking you to pay more so that people like him can get a big tax cut!” Obama continued to protracted boos.
The Romney camp responded with this statement: “President Obama continues to tout liberal studies calling for more tax hikes and more government spending. We've been down that road before -- and it's led us to 41 straight months of unemployment above 8%. It's clear that the only plan President Obama has is more of the same. Mitt Romney believes that lower tax rates and less government will jump-start the economy and create jobs.”
Obama's tone was lighter at the beginning of his speech, as he congratulated swimmer and all-time medal record-holder Michael Phelps, as well as the gold medal-winning women’s gymnastics team.
“I just think it makes sense for us to give it up for all our outstanding American athletes who are competing in London right now,” he said.
He noted that he called the five champion gymnasts aboard Air Force One while flying from Washington to Ohio.
“These gymnastics folks, I don’t understand how they do what they do. So I told these young ladies as I was congratulating them: How do you not bust your head every time you’re on that balance beam? I could not walk across that balance beam!” he joked.
While the president was well received by the assembled crowd, there were at least 20 Romney supporters and anti-Obama protestors outside the event.
Richland County, where Mansfield is located, voted heavily for Republican John McCain in 2008, giving him a 56%-42% edge over Obama.
But Richland is part of the Columbus media market -- one of the hottest in the country for ad spending -- so the president’s speech will get heavy local news coverage in parts of Ohio critical to his re-election.
Obama continued his local media blitz later Wednesday, doing three interviews with Ohio radio and TV stations from Columbus, Cleveland and Toledo.
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President Obama today seized on an independent report as he argued that Mitt Romney's tax plan would lower taxes for the wealthy -- but raise them on the middle class.
This is old news. We've known about this for a long time. And, you should also mention the hatchet job Mitten's and Ryan have in store for Social Security and Medicare, among other things.
Obama/Biden 2012
This country is hungry for Politicians who will be good stewards of our tax dollars regardless of who pays them. Obama just doesnt have the trust and the confidence of Americans who pay taxes. Career politicians areleaving office because politics just "arent fun" anymore because the money is gone. The bill is due and now it's time to pay it back instead of handing out entitlements for votes. Let's vote for a better leader in 2012! ROMNEY 2012!
Why help the wealthy? They don't need the money and would only bank it. How would that help the economy? It hasn't worked since St. Ronnie's day, and it won't help now.
You know, I don't know what the effects of the Romney Tax Policy would be because we don't know what or how the deductions are going to be changed. However, I do get annoyed when the Tax Policy Center is characterized as non-partisan. Here is their own definition
Now is there anyone with a modicum of objectivity that would consider the Urban Institute or the Brookings Institute non-partisan? I would not characterize the Cato Institute or the AEI as being non-partisan.
So please stop trying to insult our intelligence.
Can I ask Ms Weinberg why she considers the Tax Policy Center to be non-partisan?
Romney's plan is just the failed GOP/Bush-era policies more "severely." The rich will get richer, and the poor will get poorer.
We know voodoo top down economics don't work. We know we must grow from the middle out. When the middle class does well, everyone does better including businesses and the rich.
Romney -- He's not in it for you. Obama/Biden - 2012!
All Americans are going to see their taxes go up once Obamacare is fully implemented... somebody has to pay for all the freebies and guess who that will be??? The middle class... of course!!
Thanks for sticking it to us, again, President Obama !!
How does this "grow the economy" from the middle out work? I quadrupled my salary during the Bush years. I was only making $3.35/hr when Carter left office and The Gipper took over. It's about 40 times that now. Why do people say trickle down didn't work??? ROMNEY 2012!
"Mitt Romney's tax plan would provide large tax cuts to the very wealthy, while increasing the tax burden on the lower and middle classes, according to a study released Wednesday.
The report -- produced by researchers at the Urban-Brookings Tax Policy Center -- illustrates just how difficult it would be to recoup government revenue lost under Romney's plan."
Grasping, Obama uses 'scenario ifs' to create what he says Romney's plan will or will not do, keeping the electorate confused at best. The problem is only creating 80,000 jobs in the same month that he added 800,000 illegal immigrant job seekers, by executive order.
Meanwhile 23 million looking and disenfranchised job hunters are out there, 40 million other Americans are under-employed, and 1.6 million new college graduates are added into the mix this June. Seventy percent of the new college graduates are moving back home to live with their parents. Maybe it's not the Obama vision, but it's the Obama reality.
Well this is the same old news from liberal-in-hiding Tax Policy - said similar things about Romney's tax plan back in Jan. Reading the article, one can see many assumptions they make, so they are trying to be asses. First is that the tax plan would be revenue neutral; second is the neutrality would come from eliminating tax breaks and deductions. An economic plan, of which tax strategy is a part, can be revenue neutral but hopefully revenue positive as opposed to BO's revenue negative, ie. debt. Romney hasn't provided details on the deductions yet which is likely the real reason behind the bias to try to bait him in to operate on their timeframe rather than his own. Their are many deductions that may be targeted that don't affect the middle class, many fairly complicated corporate and bank deductions and write-offs.
I would expect a President to be much more truthful and genuine than BO. Every time I fact check his statements, they come up far short of honesty. Granted, the most preposterous deceptions grab my attention - like bridges falling down in NC and DC, or this one that Romney proposes on raising taxes on the middle class by disingenously quoting a liberal report without mentioning the assumptions and attributing the conclusions to Romney. Similarly with BO's distortions about Bain and quoting the WashPost rag, as if that paper had any credibility left, that Romney invested in companies that were "pioneers" in outsourcing overseas. The federal government continues to be one of the largest outsourcers around in their procurement processes for foreign nationals. Nor does chicanerous BO mention economic reports concluding the advantages of outsourcing as a way to remain competitive and increase domestic employment. And so it goes when you are forced to sling mud and operate below board because your own record is so dismal - and that is not Presidential - that is local, provincial, Chicago politics of power - to win at any cost. Anybody really surprised this dope smoking, coke snorting made-over community organizer hasn't much character? I guess it's still evolving.
If y'all thought Bush, his father and Reagan were conservative. Romney is far more! If you think it's bad now it's nothing like when Republicans ruin it for everybody but them and their close friends. Who caused the latest recession? 2.0 W Bush and Cheney of course. Did Clinton have one? NO! Did Bush 41? Yes! Did Reagan? Yes, 2! One in each term. Carter had a bad economy but not near enough to make it a recession. Who was in office when the Depression hit? Republican Hoover and then Republican Wilson took over and of course Republicans said "don't do anything. let it work itself out". They didn't want to do sh1t as usual. Then it finally took a Democrat, FDR, to get us out. Republicans of today are trying everything they can to keep us in this sh1t recession right now because they are pissed that McCain and Palin lost to Obama and Biden! They pulled the exact same sh1t during Clinton's years with Gingrich and wouldn't you know they tried to get him reinstated into politics. Damn! Don't Republicans suck or what?!?
eGT-2021701===Have you been out of the country since Obama got into office. Obama has raided all of the Social Programs to pay for his spending. Medicare-Medicare-Social have all been hit to pay for Obama-Care. Get with the program you're running way behind.
So far I got two rebates from Blue Shield in California because of the Healthcare act. A total now of $565. I'm in my 50s and just got a pre screening procedure for free. It would have cost me about $1000. out of pocket two years ago. My 21 year son is still on my plan and now women get prescreening for free too. I am finding that as the healthcare act continues to roll out, more and more are seeing the benefits and like it. I pay for my own insurance and finally after all these years I will no longer have a cap on the care I may need and will never be dumped like I was about ten years ago. I am happy to raise taxes on the very wealthy to at east the same they paid during the Clinton years when things were going great. The reason we are in such a hole is not because of the current president but because of the waste and wars they went on the previous 8 years. Don't pay off the deficit on the backs of the middle class, we will feel it...the rich..not so much. If I were that rich I would gladly pay more, and still have more than I need.
If what Senator Reid of Nevada said is true, that Romney hasn’t paid any taxes for ten years, well here’s a little math to enjoy....
Just from Bain Capitol alone, Romney takes home: $50,000.00 a-day... (Fifty thousand dollars) That's $18,250,000.00 a-year (Eighteen million two hundred fifty thousand dollars.) For a grand total of TAX FREE INCOME for the past ten years of $182,500,000.00 ( That's One hundred eighty two million, five hundred thousand dollars.)
Think about that on election day as well as on April 15th.
Actually GT, while we have known for sometime this to be the case, the Report is new and was issued on a non-partisan basis. I'll link the direct report. It will decrease middle class and the poor people's income. That's why the Romney camp cannot answer these charges.
The graphs in this report are quite telling.
http://www.taxpolicycenter.org/UploadedPDF/1001628-Base-Broadening-Tax-Reform.pdf
Maxx Power, UAW Pleeeeeeeease, scott-579755, Smokie-788412 -- The rightwing riff raff prove yet again how ill-informed they are. Wow, turn off FAUX Noise, Hate Radio, and stop reading conspiracy websites and chain Emails. It's causing brain damage. The time and effort to respond, especially to those who "swoop and poop" and would never read it anyway, isn't worth it.
True,
The CBO is not hate radio or any of that other crap you cite... it's a fact 1.76 trillion and counting for Obamacare.
Talking about ill informed...Must suck to be you!!
Good news !! Romney has a bus tour next week can't wait for the laughs.
I don't know if the Republicans can keep out doing themselves but they are the gift that keeps on giving
That is what you posted. It is obvious you have NO clue about how ACA was funded, which makes the CBO estimate of costs a moot point (per your follow-up post in a lame attempt to deflect along with ad hominem attacks).
To late, Obama already raised taxes on the middle class.
Where else could the money come from? Screw medicare and medicaid even more. Oh, I know Tea Party people hate welfare, but don't you think poor children deserve medical care? What about plain old poor people with diabetes or kidney failure? Let 'em die was a tea party rallying call. So I guess it's either screw the middle class out of Pell grants, school loans, and the mortgage deduction OR just let medicaid close up shop altogether. Cause we got to stop all taxes on capital gains. Lordie, if ever I saw a crisis, it's that 15% you gotta pay on long term capital gains - even when the swimming pool needs resurfacing and the maid wants a raise. Now, that is brutal.
This site might just bring out the dumbest people in this country that own computers. Comrade Obama is THE worst president in history. How could anyone look at his record and think otherwise. It sounds like the only supporters this moron has are people who have thier hand out for Comrade to give them what they need to survive.
Should I be watching that nice fella Maddow or Crissy Matthews? I know, Bill Mahr, they tell the truth. Give me a break with that Faux News nonsense.
I don't need to watch Fox News to see through Comrade Obama. Obama has done nothing since he has been in office. His financial policy is garbage, his domestic policy is garbage, his internatioinal policy is garbage and ObamaCare is garbage. His financial policy is the reason the country is still trying to crawl out of a recession. This is what we get by electing a community organizer to president.
Tell us when Kevin
THINGS THAT REPUBLICANS ARE NOT ENTITLED TO:
You are not entitled to destroy my income to make your own higher.
You are not entitled to raid or co-opt my pension funds simply because you can.
You are not entitled to erode my medical coverage to increase your bottom line.
You are not entitled to tax amnesty because you envision yourself American royalty.
You are not allowed to feign patriotism, and then dismantle your nation for profit.
You are not entitled to the funds in my Social Security.
You are not entitled to my Medicare.
You are not allowed to poison my environment because you can profit from it.
You are not entitled to move work to a 3rd World hell hole because you see a future America in it.
You are not entitled to falsely trump up a war with another country and exploit the conflict for gain for your campaign contributors.
You are not entitled to betray our own covert CIA agents to retaliate against their whistleblowing.
You are not entitled to destroy my Union, ignore its contracts, offshore its work, and capriciously decrease the pay and benefits of its members.
You are not allowed to ignore the First Amendment, or any of those that follow it.
You are not allowed to use your media empire to lie,…or put palm trees in Wisconsin.
You are not entitled to reprogram voting machines, or miraculously find phantom votes in mystery computers.
You are not allowed to stack courts with your ideologues.
You are not allowed to criticize ObamaCare, and then get in line to apply for its benefits.
You are not entitled to knowingly run an unsafe workplace, mine or factory.
You are not entitled to erase Child Labor Laws for profit. My child is off limits. Keep your hands off my baby, and I’ll keep mine off your windpipe.
You are a Republican. You have a warped view of social order wherein you, and only you prosper. You are a sociopath, and society is better off without you. There are many other things you are not entitled to. We will help explain these to you.
Well Mr. President, you like to pretend that you are the expert on Romney's plans but what is your tax plan? Your health care bill already raises taxes for the middle class in violation of your own promise. Mr. President, without conditions to include any action of congress, you promised that the 2012 federal deficit will not exceed 229.27 billion dollars yet your own White House is predicting that the deficit will exceed 1.3 trillion dollars. The fiscal year will soon be over. What magic will you perform to keep your promise? Mr. President, we need you to go over your plan. I estimate that this additional 1 trillion dollars that the federal government is spending beyond what the President promised will end up costing the tax payers more than 9 trillion dollars to repay in 170 years. The President needs to provide a plan for paying back all of the money that the federal government owes.
The President needs to be reminded of some words of wisdom that were spoken back in March of 2006. The words were as true then as they are today.
"The fact that we are here today to debate raising America's debt limit is a sign of leadership failure. It is a sign that the US Government cannot pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government's reckless fiscal policies. Increasing America 's debt weakens us domestically and internationally. Leadership means that, "the buck stops here.' Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt problem and a failure of leadership. Americans deserve better."
~ Senator Barack H. Obama, March 2006
Will,
Please get it correct for at least ONE time … his promise was to not
increase Federal Income Taxes on anyone making less than $200/250K. Promise KEPT !!
Debt ceilings and budgets do not control spending. Debt
ceilings need to be increased because of money already spent by Congress.
Dennis, thanks for responding. The President said federal taxes in any form, not just income taxes. The debt ceiling has nothing to do with it. The President promised that the 2012 federal deficit will not exceed 229.27 billion dollars. The President has mentioned "paying down the debt" but has yet to present a plan to do just that . The taxpayers should know how much this borrowing by the federal government is going to end up costing them.
An independent nonpartisan organization ran the numbers eh? What this article fails to tell you , but what is reported in today's Weekly Standard is that the man who authored this report,William Gale, was a former Obama staffer!How disgusting! This lie after the Obama Administration told another lie about not returning a Bust of Winston Churchill when they actually did, and the most disgusting lie of all told by , of all people "Clean Face" Harry Reid,(the nickname given to old Harry by his Mafia Bosses as caught on tape by the FBI,so You KNOW You can believe anything He says!), about some unnamed person telling Him, without any supporting evidence at all, that Mr. Romney hasn't paid his taxes in ten years, Yup, Our Communist-in-Chief has really brought change to this nation, He's brought our elections down to the level of some third world, backwater, and hopes to do the same to the nation as a whole, and if You look at the economy, the national debt and unemployment, He is well on his way, if re-elected.
I saw my first Obama campaign ad during the Olympics last night. Do you mean to tell me that he cannot give a 60 second blurb on why he is fit for a second term without reading the teleprompter on his left? You mean he does not have the words in his heart. These words are not natural to him so he has no choice but to read the teleprompter again.
So how about the Obamacare tax on the middle class. What's that going to cost them?
Hi Terry! At least Mitt earned his! The only money that Obama has ever handled came from the government that means my tax dollars! If some one is going to crow about money I'd rather it be about money earned not stolen out of my pocket!
As for Mitt lying, watch Obama's mouth, if it’s moving he's lying, even if it has to go all the way to the Supreme Court to prove that he was lying! Lying is his stock and trade!
True said,
"It is obvious you have NO clue about how ACA was funded"
Unfortunately, I'm all to familiar with the funding scheme that is Obamacare!!
There are at least 17 new taxes that will affect every American. One taxing scheme is medical device tax in which your doctor will be charged a tax for every new device( X-ray machine, etc) and will pass the additional cost onto the insurance company and they in turn will pass it on to you!! There are others, but you get the point, I'm well versed in the funding scheme that is Obamacare!!
The CBO report is moot!... I'm not even going to respond to that incompetent & moronic statement!!
Obamacare will bankrupt this country and let's not even get into what Obamacare is going to do to medicare!!
Liberals are constantly complaining that Romney hasn't laid out any specifics about what he will do if elected. Yet there is no shortage of specific charges coming from the Obama camp. The problem with our tax code is that it has become entirely political. No effort to reform it, to fix it, or streamline. Our tax code is now the central theme for class warfare in this country. Obama wants everyone to believe that if we just tax millionaires and billionaires a little more, everything will be just fine in America. Nothing could be further from the truth, but that doesn't stop the believers from diving on the Obama bandwagon. The only thing you can take to the bank is the fact that Washington creates problems, they never fix them.
Steve, you have a really funny definition of "earned." Mitt Romney "earned" his money by gambling with other people's money, buying out companies, dissecting them and selling them for parts, looting retirement funds, and paying less than 15% in taxes. Ann Romney's description of 'hard times' in college was having to sell some of daddy's stocks so they could both go to school and not work. Mitt Romney has never done a real day's work in his life. He is contemptuous of those who have. If you can't see that you are beyond redemption.
Amen. LOL
The president is right, up to a point: The study was not written by an Obama staffer, but by a former Obama staffer--and a close ally.
The study, titled “On The Distributional Effects Of Base-Broadening Income Tax Reform,” was written by Samuel Brown, William Gale, and Adam Looney.
As Looney's biography page at the Brookings Institution states, "Looney was the senior economist for public finance and tax policy with the President’s Council of Economic Advisers and has been an economist at the Federal Reserve Board."
"he cited a study by the nonpartisan Tax Policy Center"
When one of the authors is an Obama staffer, it's usually not considered 'nonpartisan'.
Isn't that like calling the Democratic Party 'nonpartisan'?
We TRIED THIS 10 years ago!!! Doesn't anyone remember what happened after we enacted the Bush tax cuts??? Stagnant wages, low job creation (mostly in GOVERNMENT), and a weak economy that was only bolstered by the housing bubble. When does it end??? I will bet that in 50 years, Republicans will be arguing to lower the freaking tax rate to 0%.
Here is my tax code plan, feel free to comment:
Income level Marginal tax rate Minimum Effective tax rate
>$25,000 8.0% 4.8%
>$40,000 12.0% 7.2%
>$75,000 18.0% 13.5%
>$120,000 24.0% 19.2%
>$180,000 27.0% 23.1%
>$225,000 33.0% 26.4%
>$280,000 39.6% 33.0%
>$350,000 45.0% 37.5%
>$1 million 54.0% 42.0%
>$15 million 63.0% 49.0%
>$30 million 70.0% 56.0%
>$50 million 76.0% 65.5%
Capital Gains
Everybody 24.0% 24.0%
Dividends
Everybody 24.0% 24.0%
Estate tax
>$1 million 55.0% 55.0%
Corporate
Manufacturing 28.0% 15.0%
Everybody else 28.0% 21.0%
Gift
>$15,000 42.0% 42.0%
Payroll (SS)
Employee 7.2% 7.2%
Employer 7.2% 7.2%
Payroll (Medicare)
Employee 2.5% 2.5%
Employer 2.5% 2.5%
Gas
Everybody 10.0% 10.0% (per gallon)
VAT
Everybody 5.0% 5.0%
Carbon (all fuels)
Manufacturing $43/tC or $12/tCO2 $28/tC or $5.80/tCO2
Everybody else $43/tC or $12/tCO2 $37/tC or $7.25/tCO2
Hey Freshiiee,
My comments.
You are raising my taxes about $18,000 a year. I donate about $16,000 to scholarship endowment to benefit persons who would otherwise be unable to attend. You sure you want to tax me that much more? I may just cancel my scholarship endowment. Go figure. Every action has a reaction. The system is fluid.
A VAT! Holy shiite, Freshiee. The govmint of 1913 instituted a revenue stream called income tax that they said could NEVER go above 3%. You sure you want to give them access to more of our dollars?
A carbon tax on Manufacturing? I am sure that won't end all manufacturing in the US. But who wants to work for a living anyway.
More payroll taxes is an incentive to increase hiring how?
First of all Rational American, I would need to know what range you fall into and what rate you currently pay now (effective rate) to accurately know whether I am raising your taxes by $18k. Plus you can still deduct that $16k (assuming that can be counted as a charitable deduction). Secondly, a 3% tax rate would never fund the government, even in 2000 spending levels. And technically, I am using most of the funds from a VAT for an infrastructure project, so technically the American people will get the money back. Thirdly, I am putting a carbon tax for ALL companies; manufacturing get lower rates to encourage more of it. And as for the payroll tax, that is for funding Medicare and Social Security (the things that conservatives want to cut).
Keep it up Mr. President. Romney would only act as a representative for his class. He only wants to help those who don't need any help!
I know this to be true because I read it. Actually I wrote it down then read it, and I believe everything I read. What liberals think they know can hurt you.
Of course it will raise taxes on the working middle class, how else would the neocon's and 1% complete their mission to destroy any member of the working middle class? it is their plan and has been for decades, they want us to be educated enough to work in store but not educated enough to own it or manage it.
So its the Democrats that want to save the middle class? Then why did Bill Clinton sign NAFTA into law which sent millions of middle class jobs overseas? Since there is not one single proposal from any Democrat that actually gets this country back on solid financial footing, your rant is worthless. Pretending to offer solutions that are 10-25 years down the road, never balance the budget, and never pay down the debt is nothing but smoke and mirrors from the elitist Washington Democrats.
NAFTA
Yes Clinton signed it but it was started by Reagan and negotiated by GHW Bush.
History reflects: “U.S. President George H. W. Bush, Canadian Prime Minister Brian Mulroney and Mexican President Carlos Salinas, each responsible for spearheading and promoting the agreement, ceremonially signed it on December 17, 1992.” And “Before the negotiations were finalized, Bill Clinton came into office in the U.S. and Kim Campbell in Canada, and before the agreement became law, Jean Chrétien had taken office in Canada.
http://en.wikipedia.org/wiki/North_American_Free_Trade_Agreement
NAFTA negotiations were started in 1986 under the direction of President Reagan.
NAFTA was signed by President George H. W. Bush in 1992 along with Canadian PM Mulroney and Mexican President Salinas. The need of Congressional approval was accomplished in 1993 and signed into law by President Clinton taking effect on 1/1/1994.
Oh, so lets add as much spin as possible to NAFTA. Bill Clinton signed NAFTA it into law, he didn't have too he was the president. Clinton could have vetoed the bill, but he signed it into law. Funny how we have an endless deflect responsibility from any Democrat mantra from the left. Which is the real problem in politics, no one wants to hold anyone within their own party accountable. We should all expect nothing from Washington as long as accountability only means pointing fingers at the other side.
Another sleight of mouth, so to speak, by President Obama.
He seems to forget 50% of the taxpayers don't even pay tax now. Especially, he forgets that with economic growth so to do Treasury revenues grow.
Trickle-down worked in the 80s when Reagan inherited a total economic mess from Carter. 16M jobs were created the next 8 years. Tax revenues grew.
Unfortunately, the Dems in control of Congress continued to spend 3$ for every new $1 that came in to Treasury. Reagan made a deal with the devil (Congress) to keep his defense build-up intact and his strategy for strangling the life out of communist Russia. Every time Reagan raised an excise tax to keep them happy on deficit reduction they continued the same old BS.
The numbers do not lie. Facts are stubborn things. And demagoguery is not facts.
rebel- in the 1980's what did reagan do? he cut tax and increased deficit spending. Isnt that the definition of keynesian economics? You know it is
Democrats in Congress legislated what was spent - in return for their continued cooperation on his defense build-up he agreed to it.
Do you know what a quid pro quo is moron?
Regardless you missed the root of the matter - with economic growth comes increased revenues into Treasury.
Keynesian theory has everything to do public sector make work growth which seems to be lost on you. Reagan created 16M private sector jobs.
hey rebel- so now the recovery is a democratic legislative victory. Thanks
the cut tax and revenue increases has been shown to be wrong by every survey(except republican think tanks). Rebel- every year we have 125-150,000 new workers entering the economy. That amounts to 1,500,000 to 1,800,000 new tax payers per year. The expectation is the GNP will increase by 2-3% each year due to inflation and growth. So you cut tax and whenever they have compared what the revenue stream would have been with and without the tax cut the tax cut cost the govt revenue because the TAX base increases every year.
At least rebel understand the basics before you name call
What recovery would that be? We are headed to a double-dip recession at present.
rebel- can you read? the stimulus passed in 2/09- what were the job losses at that time. When did they stop and when did the rate of loss slow down.
per the cbo the stimulus saved and created between 2 and 3 millon jobs.
Rebel- highly recommend you shut up and go study because you know very little of what you speak of. The second dip is not now- with the fiscall cliff and the EU it may come. But neither would be caused by Obama
Actually, you moron Paxil we have 125K new workers enter the job market every month not every year.
Reagan's GDP at the same juncture in 1984? How about 6.7%.
You may want to switch over to Prozac.
Wow- rebel I miskeyed per year not per month but my yearly total clesarly indicated my intent. Know when you are winning the argument- when the other side has no new information and resorts to name calling- which rebel is all you have.
despite what you wish to believe- reagan whether he intented to or not(remember the republicans at the time were saying we are all keynesians now) used keynesian economic policy to end his recession. Or the democratic Congress did it as you believe and ended the recession.
Saved? Exactly how does one quantify that? And the two month jobs blowout caused by the lack of oversight responsibilities not exercised dutifully by Barney Frank and Chris Dodd on the banking and mortgage markets (hey, anyone with a pulse should be able to get a mortgage according to those two dopes) would have slowed down without Obama's "stimulus" where those shovel ready jobs were not so shovel ready.
Prozac I have forgotten more than you know about legislative policy the last 30 years.
rebel- what are you talking about. The subprime market which is what caused the meltdown collapsed in July 2006 before any dems had committee chairs to enact anything. You do know how the house works- dont you. You do understand the legislative process dont you?
I dont think you do or you wouldnt write what you do but then if you knew a lot you wouldnt be a RepubliCON
Reagan turned around the economy from Carter by tripling the deficit to pay for the biggest peace time military build up in history. With his star wars plan, increasing carrier tax forces from 3 to 10 and massive increases in all other area's. His eliminating deductions for the middle class on consumer loans, and caps on medical and charitable donations were used to pay for cutting the top tax rates. Romney intends the same. Grover Norquist helped design Reagans tax bill and now wants to do the same for Romney.
Do you propose tripling our debt as Reagan did to 48 billion? Republicans took a pledge to vote no on any bill that would increase any taxes yet clearly Romneys plan would on the middle class. I guess to honor a pledge to a rich corporate lobbyist it only counts as raising taxes if it's on the rich.
When you have 50% of American households paying zero in taxes, our system is broken. It has been proven time and time again that if you took every penny from every millionaire (by definition) and billionaire we still couldn't cut the deficit in half. Yet the Obama supporters seem to think that is all that needs to be done. Washington is awash in waste, and the GSA proved that fact. Our tax code has needed reforms for decades, but keeping it as is for political theater has proven more valuable in Washington. Our entitlement expenditures are over the top and growing by the day. But the clowns in the Obama camp say tax the rich, which will certainly solve nothing. But it does keep the Obama crowds cheering.
The top 1% has a combined net worth equal to the bottom 90% combined, your statement is simply untrue.
Larry, so how does combined net worth translate into taxable income? So tax the top 1% at 100% of their taxable income, and tell me how much it cuts our annual trillion plus deficits Obama is running? Net worth means nothing, your statement is simply meaningless when it comes to taxable income.
Actually Larry, your combined net worth statement is simply untrue.
http://www.dailykos.com/story/2012/07/20/1112142/-Forget-the-top-1-percent-Let-s-talk-about-the-bottom-50-percent-for-a-minute
There are plenty of other links with the same information if you find fault with this one.
If you can follow the numbers Larry, and not just make them up as you go along. Bill Clinton signed NAFTA into law in 1993, and there has been a steady decline in the net worth of the bottom 50%, and a significant reduction in the bottom 90%. NAFTA sucked millions of jobs out of this country over the decades that followed it being signed into law, the losses did not happen overnight. There was no bigger blunder from Washington that negatively affected the middle class then when Bill Clinton signed NAFTA into law. Politicians have buried states with massive public pensions taxpayers can no longer afford, and our Washington elite, both sides of the isle have sold out the middle class with trade deals no businessman with a teaspoon full of brains ever would have signed. Democrats in Washington are as elitist as Republicans, and yet we cheer them on.
Vote for the American
Jim Allen - that would be Barack Obama and we will!
Obama/Biden 2012
There is NO way Comrade Obama is an American.
Mitwit is whatever you want him to be.
What an idiot. Absolutely nothing worthy to contribute but something racist and idiotic.
Romney is beholden to his billionaire sugar daddies who have bouht his favors outright. The fact that Romney is interviewing for the job to represent all Americans doesn't phase him. Romney is blind when the 99% are concerned, because his focus is on pleasing the 1% at any cost. A more perfect puppet the far right elite has never had. With a billion dollars in "swift boat ads", the propaganda specialists will be able to buy a lot of votes...but only the ones who are FOR SALE!
Obama/Biden for 4 more years!
The funny thing here is that with the amount of money the GOP superpacs are spending that Mittens doesn't have a sizable lead. I guess its because no matter how much you spend, people still don't like you.
Obama is the leader in taxes on the middle class.
He has created the largest tax increase in out nations history (ask the Supreme Court)
Obama has expaned Welfare by 41%.
Increase food stamps to record levels.
Decrease the number of Millionaire and reduced the majority of peoples value by 40-50% with his domestic policy.
Obama is the absolute worst leader in the US History.
A Chimpanzee would have been a better choice.
alienjon- having read your posts before I will ask a dumb question- did the recession cause any deterioration? Isnt that why the numbers you post are there. When did the recession start? How many filibusters of Obama economic plans have their been? 180+ and counting- the most in US history.
So you understand the numbers you just have to work on the causes. Its called cause and effect
I think the dog catcher in D.C. could do a better job than Obama so long as he read his briefing papers every night which I doubt Obama does on a regular basis.
Oh - that's right. He is so brilliant he does not need to read them.
Paxil - do you not know that there was a super-majority the first two years of the Obama tenure? Ya think that might have something to do with the record number of filibusters you cite you dope? They were meaningless and more for the Congressional Record than actual effective blockage of legislation. Liberals love to misrepresent the facts - you are proof of that.
sorry that title is still owned by R Reagan.
www.politifact.com/georgia/statements/2012/jul/11/phil-gingrey/gingrey-claim-about-obama-health-care-old-inaccura/
true there are more people on what you consider welfare because of the economic downturn. My opinion caused by conservative policies.
However, the program foodstamp was expanded by W bush. hence more citizens are available for assistants.
?. Again econmic downturns usually have this effect. But keep in mind the top 1%, the so called job creators are simply keep getting richer. making money from money, and not from producing anything.
again, W owns that title. Come to think of it so does Cheney, most unfavorable VP.
Clearly not, Palin isn't our current VP.
Rebel- are you the poster child for the misinformed rabid right? when was Sen Brown elected? Jan 2010- the dems had one year(short I believe by 10 days) of a super majority which they needed for the stimulus and health care. Part of the RepubliCON plan to staqll, delay and stymie every piece of legislation- sourced in drapers book, sen spector's interview dated dec 2009, and the NY Times.
All the rabid right is good at is noise
Paxil, you are right.
Chris SLC - another liberal who loves to misrepresent the facts. Reagan did not raise taxes the way you are inferring he did. He never raised marginal tax rates once they were cut.
He did raise excise taxes in deals with Dan Rostenkowski (D) of Ways and Means in exchange for the scalpel not coming out on his defense budget. With the implicit understanding that when he raised those excise taxes in exchange Congress would cut discretionary spending $3 for every new $1 that came in. Which the Dems did not do as promised.
Your liberal teach ever tell you that part?
Prozac - I stand corrected.
Rebel- that's ok. With the dems we do have a big tent and allow all in. We forgive your errors of judgment in the past but just ask that you not return to your erroneous ways and all is forgiven
Oh in that case, I wasn't talking about marginal tax rates. spin spin spin, what ever way you want to called to make you feel good.
However;
Supreme justice Scalia.
Here you go on the taxes and handouts....a short informational video....these percentages will continue to increase, but what the hell, we can always increase the taxing of the haves so the have nots will keep asking for more....
wiser- we have had a progressive tax system since the inception of the 16th amendment. Why the need to change it now? We have lowered the tax and the effect has been? Remove govt growth from the bush employment numbers and his private employment numbers look anemic. So your theory of lower the tax and the wealthy will invest in America hasnt worked.
why does mittens have cayman, bermuda, and swiss bank accounts again? He paid a 13.7% marginal rate. he cant invest in America? How much lower do we have to make our rates so mittens can invest in his own country? Do we need to insure his profit first?
good point Paxil. would be lost for most conservatives though.
Chris- for most of these republiCONS anything that requires more then ten fingers to calculate is a stretch.
why anyone would want someone like Romney to be POTUS when he cant invest his money back in his own country is beyond me. Especially for a party that ran on the motto country first last time.
Take care
Alienjohn. Untrue.
We asked the U.S. Department of Agriculture's Food and Nutrition service for month-by-month figures going back to January 2001. And they show that under President George W. Bush the number of recipients rose by nearly 14.7 million. Nothing before comes close to that.
And under Obama, the increase so far has been 14.2 million. To be exact, the program has so far grown by 444,574 fewer recipients during Obama's time in office than during Bush's.
It's possible that when the figures for January 2012 are available they will show that the gain under Obama has matched or exceeded the gain under Bush. But not if the short-term trend continues. The number getting food stamps declined by 43,528 in October. And the economy has improved since then.
Update, Feb. 5: RevisedUSDA datareleased in February showed the downward trend continued for a second straight month in November, when the number of persons getting food stamps was 134,418 fewer than it had been at the peak.
I am embarrassed to say it "born & raised in Chicago" - when there were some morals now I don't even visit anyone there as it has become a pig sty - we could walk in the alleys growing up without fear, now you can't even drive down them. If you consider yourself an intellect, close the book and look at common sense. Obama has made a mockery of you and turned you into nothing but a yes man/woman. you don't even know how to think for yourself. Yes, Mr. Obama, No Mr. Obama, Yes Sir Massa - I am not going to pay for birth control for the rich or poor - they can do what I did - just say "no" Oh, I forgot the "Massa" says its okay to screw and I can get rid of the baby with an abortion that some dumb head tax payer will pay for and after 3 or 4 abortions, you won't have to worry at all, as you won't be able to get pregnant any way. So in closing. God Help Us All - no matter the name for a superior god - pray that He/She helps us now.
I also pray you will find a cure to your racism...
rose, your hatred and racism is very evident by your miserable right wing post. Go do something useful, become a community organizer and help stop the deterioration of Chicago. Woulda, coulda, shoulda, once I could afford to live in a bit higher standard of living but w and his repug. cronies got my retirement pay, confiscation by one of the hallowed vulture capitalist out-sourcers not only out-sourced but raided the pension funds legally, this was in '07, we are just crawling out of that hole. Oh rosie, I am sure Chicagoans are happy you are no longer affiliated. There go rosie, your heroes. Ignorant fox howler.
Obama 2012
Rose,
You are a good example of a Christian and a Republican. Thank you for showing your true nature and the nature of Christians and Republicans.
Paul Ryan announced his budget over one year ago. He states he will cut tax, which increases the deficit but said the details of how he will balance the budget will be revealed later. We are still waiting for the details of this "marvelous budget" as Romney calls it.
If you are not cutting the military(which all chicken hawk republicans say they will never do) then tell us what will you cut, or raise taxes.
Give us details. What are you afraid of? THE TRUTH
At least Ryan submitted one for negotiation. The Dems have not for over three years now. Why do you think that is Prozac?
Because they know its a waste of time with the REpubliCON party
180+ filibusters and counting- highest total in US history. Reb- why do you think that is?
I think you are forgetting Simpson-Bowles and the Progressive Caucus Budget...
As bad as Bush was Obama has increase everything You hated about him.
More wars,
More deficit spending
More Unemployment
More welfare
More food stamps
More Race problems
More upset foreign allies
Less money ( 40% plus increase in prices)
I will say Romney has made millionaires out of many and Obama has broke many.
So if you want better opportunity for the US only could be one choice
Romney in 2012
The job creators closed U.S. factories and created many jobs in China. Now these same job creators want more tax breaks to send more jobs to China.
Also, you people like Willard Romney are, "DAMN GOOD AT LYING."
Job1 - what about all the transportation jobs that created in ports around the U.S. from your evil outsourcing - products that are coming in cheaper for your consumption? The trucking companies and drivers that move this outsourced bad pile of manure around the U.S.?
More than that, Obama's stimulus, some $35B of it, went to companies in the U.S. that then spent that cash on products made overseas. Does that make Obama the Outsourcer in Chief?
alien, what wars? More food for hungry people, more hatred on the right, name one upset foreign ally, Pakistan, that's ok, Israel, don't bet on it, less unemployment, w reign was hemorrhaging 700,000 jobs a month, less money romney got it, I'd say romney has made millionaires on my back and other American's. Cayman Islands, Bermuda, Luxembourg, Switzerland, LIBOR, Koch Boys, and you forgot to mention w's decider in chief's accomplishment nearly 5,000 Americans body bagged for a bogus war. Oh yeah, mitters, tax returns please. Get real. Ignorant fox howler.
Obama 2012
reb, you need to stop shopping in wal-mart, most port work is now done by automation. And oh, tell the first responders that you resent having stimulus money wasted on them when they pry you out of burning building, pick you up out of gutter, drive your gnarly elephant arse to the hospital, stay and teach the country's next generation of leaders. Tell the construction workers that the road they are repairing is a waste of money, as you drive over it, tell the FAA to stop manning local control towers. You are truly a perfect lock-step elephant tool.
Obama 2012
You know when a republican is lying, because their lips are moving. Fact for you the Obama stimulus worked and no jobs were sent overseas by the President.
Remember you people like Willard Romney are, "DAMN GOOD AT LYING."
more wars... did I miss something
No my problem with GWB was the lies, particularly the HUGE ones that duped a hurt and sympathetic America, in the wake of 911, to go to war, in Iraq of all places, for daddy and his cronies...
Sounds like alienjon is on your paxil...perhaps something a bit stronger! LOL
Wow, you people like Willard Romney are, "DAMN GOOD AT LYING."
Obama - Biden 2012!
tax return mitters? How about mitters non-explanation for $102,000,000 personal retirement account. I can only contribute $2,000 a year, hummmmmmmmmmm!
Obama 2012
Why can the media not publize the news correct. You guys do not want to print anything about the lousy economy or unemployment all you do is trying to look make Romney to look bad. You people should care about America.This media is about the lowest scum ever.Speak the truth you chickens.... !!!!
Henry- are you like blind, deaf, and ..... the lousy economy has been discussed - wait till Friday when the jobs numbers are released.
why the need for 180+ filibusters?
why the need to meet on the night of Obama's inauguration to discuss how to make him a failure?-sourced by draper's book, sen spector's interview dated dec 2009, and articles by the NY Times.
Because you know if the economy recovers the republican party was dead. Party over country. For shame
I need a prozac (paxil does not agree with you)
Those super-majority timeline filibusters were all show no dough just to make a point. Your 180+ number is being recited completely out of context.
The NY Times? LMAO! For all the news that is fictionalized and plagiarized?
henry, makes himself look bad, ask your hero about his $102,000,000 personal retirement account, most of us can only contribute $2,000 a year, how about those tax returns and oh, what about LIBOR, Reuters doesn't lie like like "fair and balanced" fox.
Obama 2012
so the reason for the 180+ filibusters again? The reason why republican leadership met to discuss how to make obama's presidency a failure on 1/20/09- sourced in draper's book and sen spector's interview dec 2009.
still at the name calling routine and no answers. Your side knew if the economy recovers the republicans would be blamed for two DEPRESSIONS. The last one they were in the political wilderness for 25 years. The answer is obvious- it was party before country.
look- have facts and quit with the denial and name calling.
Let me explain to those of you who still don't understand what is going on.
We have bills to pay. Those bills exist. Those bills were mandated when the last President and his GOP controlled Congress cut taxes and started two wars. Then they heaped on Medicare Part D. Now that the Dems have to take some heat for, as they did not insist on it being paid for.
The vast majority of our deficit spending in the last few years has been caused by those decisions. The bailouts have been largely paid back, and will over time pay for themselves, unless we allow the banks to continue behaving like gambling dens.
The stimulus did help the unemployment rate, but without continued support to the states, unemployment will stay high, as the states generally must balance budgets. We are also digging a big economic hole by failing to invest in infrastructure. Infrastructure is a win-win-it generates jobs at home and it improves the business climate, by reducing shipping costs. Infrastructure generated employment means more money for the states.
The mess Bush left at the end of his term is a GOP mess. The GOP has perpetuated this mess as a means of getting into power again. I would not vote for a Republican at this point for any reason. They have spent the last 4 years working against the country, for themselves, and now their candidate is a lot of things, but not the best they have to offer.
Romney cannot show his taxes, because he has spent his time advocating for deficit budgets while he paid a team of people to avoid paying any taxes to pay the bills.
He wants to be POTUS so he and his rich crowd will not have to pay taxes at all.
He is on record as wanting to eliminate capital gains. That's the only tax he pays, when he pays any at all.
I have way more of a problem with rich people who don't pay than I do with poor people not paying.
Taking bread out of children's mouths to pay the bills while the rich get richer. That's the GOP platform.
Top down does not work-bottom up does. The economy will only grow if we the people have money to spend.
That means an increase in the min wage. We are borrowed out and the women have gone to work. The only way to get the beast rolling again is to pay people better wages.
Mare - Barney Frank and Chris Dodd and their respective Banking Committees were charged with oversight responsibilities of the banking and mortgage markets in 2008 and they dropped the ball.
They insisted anyone with a pulse should be able to get a home mortgage up until the very last. Bush's number 2 at Treasury as far back as 2001 pre-9/11 went to Congress to warn them credit requirements needed to be tightened up because Fannie and Freddie were holding too many high-risk loans. Dems laughed them off and gutless GOP members afraid of being tagged as unfriendly to the working poor looked the other way.
Bush's #2 at Treasury revisited on this same subject in 2005 and 2007 - same result.
Whose fault was it primarily? Congress' fault.
reb., how about Cap One getting a $12,000,000 fine for fraudulent foreclosures, fraudulent mortgages practices and fraudulent credit card add ons. Hmmm. How about LIBOR?
Obama 2012
Rebel- do you know anything? what caused the toxic assets- if they were fha or va they came with a govt guarantee- do you think these were called toxic assets? The subprime collapsed in July 2006 before the dems took control of congress and Frank became a committee head. You do realize the house is controlled by the majority party and all legislation goes thru committee heads who represent the majority party.So the minority party has NO ability to control legislation.
Reb- are you the village idiot because I am getting tired of you calling me names and obviously your understanding of any of these matters is very limited and biased. Go away. Be a patriot and move out of country. Its idiots like you who do more harm
Paxil
Fannie and Freddie broke the rules during the Clinton era and bridged the gap between banks and wall street that were separated after the October 1929 crash.
Banks did not have the funds for those loans and wall street did, Fannie and Freddie were very reckless in what they did and yes the the big banks and corrupt mortgage lenders contributed by giving bad loans to Fannie and Freddie.
the average debt to income ratios of the borrower were 50-60% on those loans which means foreclosure in a manner of months.
Banks disregarded the the industry norm of 35% debt to income ratio as banks thought they would get their fees and pass the buck to wall street.
However, there were little clauses that held the banks responsible and when the bubble popped,the banks went down with wall street and the government.
Since I know many of you are not finacial savvy here,s what a bubble is.
A SHARP INCREACE IN PRICE THAT IS NOT JUSTIFIED- inflated home prices.
Which comes to the point of why government needs to get out of private sector enterprise and stick to its core responsibilities under the constitution.
I can go into details but the above is a short summary and I keep putting out this information and still find many of you posting erroneous data or blaming a particular party when the government in general is responsible.
GSA and FANNIE and FREDDIE should be the first of government pork bellies to go
mare.
The wars and medicare D were already funded which is a big part of the $4 trillion added debt under the Bush era
and now we have another 6 trillion added debt which was done by design.
Actually john, it's the other way around. Bush increased deficits from $5.7 trillion to roughly $11.2 trillion (subtracting second TARP round and the stimulus for Obama), adding $5.5 trillion to the debt. Obama added roughly $4.6 trillion to the debt, and most of that was due to continuation of Bush policies and the recession (recession deficits accounted for around $1 trillion for Bush).
OBAMA BIDEN 2012
Obama is a true statesman. He is also a true human being. He will manage 'our' tax dollars as fairly as any statesperson on the planet.
Romney is not a statesman. He is a cold, disordered, self serving loner. He has little or no compassion for his victims or for his friends.
Tom - that's a stretch. And it's about leadership not how nice a guy is - think FDR who most inside the Beltway, Republicans and Democrats, considered a major prick bent on manipulation with a coldness of heart. Yet in the history books he is the best thing since sliced bread.
Obama has not managed our tax dollars - he has spent them like a drunken sailor. He has increased our debt more in 3 1/2 years than all 8 of the Bush years.
With nothing to show for it considering unemployment is higher now than when he took office. That is the root of the matter.
reb, your spewing more elephant patoots. Memory is awful short.
Obama 2012
skyparrot- I think you are dealing with the village idiot. He never responds to any detailed factual counterpoints to his argument. A typical ideologue
And if by beltway you mean political spectrum, FDR was one of the most liberal presidents we have ever had. He created the basis for the highly successful welfare state, instituted a truly progressive tax code, and legalized (or made it more convenient) for unions to form. Obama is the centrist.
OBAMA BIDEN 2012
From the prosperity under Clinton and earlier under Reagan, to the severe down slide of Bush-Cheney, why? Simple, because Bush-Cheney were committed to serving only "the money", their strong supporters and masters, while giving the majority only apathy, neglect, the costs and lies to rationalize and justify - they felt they could take the 99% for granted and just depend on the power, influence and money of the 1% to con the people and manipulate public opinion (they succeeded with manipulating the Evangelistic Christian (2000), with the Swift-boat propaganda (2004) and the Republican Party would add the Tea Party movement (2010) and the recent flooding of Wisconsin with the millions spent in the recall election; always well designed, well directed and well funded efforts to move voters in the same single direction). What the country experienced was that government placated and catered to "the money", who exported jobs and taxes overseas, and then Bush rewarded them by repeatedly lowering their taxes - hence the people lost jobs and the government lost revenue across the board. Now that is the same mentality that the Republican / Tea Party is trying to get the people to support returning to and they are again using the same tactics with the very same concentration on serving only "the money", who again are supplying the mega-millions to propagandize and sway the people.
Let us not forget Bush entered office right after the dot com bubble crash and resultant recession albeit somewhat mild then had 9/11 and the expenses of war. And he kept right on spending in exchange for continued Dem support for those wars. Until the Dems all started whining it is time to quit just in time for the 2004 election conveniently forgetting they supported the same intelligence and the Iraq conflict that supported it.
What die hard partisans do not grasp is that deals have to be made across the aisle. Some do so honorably and others do not.
Rebel- I will admit part of your argument has merit. There were dems who voted for Iraq due to Bush's popularity and the amount of intelligence MISinformation that was coming out at that time. But some dems voted their fear not their beliefs.
But the dot.com and 9/11 economic impacts are like comparing a hiccup to pneumonia with the 2008 meltdown. We werent even sure if the banks were solvent.
To read these right wing posts only proves that the efforts to DUMB DOWN the American electorate has been a SMASHING success!! That's how bushcheney got into office TWICE! Thus were in the mess were in today. It could take DECADES to rebuild our nation. While I don't agree with everything this President does, he's 20 times better then the criminals, and rethug party we just voted out! If WE as Americans vote for another rethug admin, we will surly get what we truly deserve Another social economic, military, wall street, disaster!
Once; I still say 2000 was Gore's year; for God's sake, he won the freaking popular vote.
OBAMA BIDEN 2012
I'm shocked Obummer would say such a thing, no surprize. What a clown.
Has everybody lost there minds ,or everyone here on welfare.It blows me away no one can see obama is running our country in the ground as fast as he can and everyone thinks hes god.Get ready for a total ca-laps of our economy if oboma is reelected .Romney has no hidden agenda, don't you think he would rather be vacationing with his family. He dos not need to work .He is doing this to save our country,just like he did with the Olympics he didn't ask for a dime to do it. Why would anyone with everything they want take on the job of president just to give his buddys tax breaks, think about it ,hes a good guy trying to save his country and be a hero and to be a American .And soon all you haters will be pulling your feet out of your mouth ,who ever wins. Take a walk away from the left wing news and see whats really happening
Ocrap'O must think he's helping the middle class by giving millions of my dollars to failing companies here and over seas. That'll fix everything. This class warfare crap won't help this fool in the end anyway.
Are any of us in any class better off now than 5 trillion dollars ago?
This fool spends more money than any other president and triples the debt and now everyone must pay their fair share? How about not spending my money in the first place? How does that sound for 'ya? What a clown.
mac, you need to get some new material, there is no class warfare, its reasonable fair share warefare.
Tax returns please.
Obama 2012
First of all what is the problem with healthcare for all. Also is purchased through PRIVATE insurance companies not the government. You are also only "taxed" if you do not purchase health insurance.I thought the GOP was tired of all the freeloaders with no insurance causing higher premiunms for those who do.More people buying insurance should also cause prices of policies to drop with more competition for a product.We should have single payer system ala Canada.Second-- lower taxes do not create jobs,Bush had them for 8 years and created an astounding 1% job growth TOTAL in 8 years. Obama continued them and all i read hear are complaints about no job growth.Romney through Bain does not create jobs he creates wealth for shareholders like himself period.The biggest hindrence to balance our budget is healthcosts and military budget. Romney wants to increase the military budget and do nothing about health care in fact he runs away from his best accomplishment as Gov. of Mass. that being his healthcare reform which Obama used as his blueprint.His job creation was poor as Gov. of Mass.Romney is just like Bush but has turned more conservative to try and become President.How much did wages rise during the Bush years,they went backwards. If the middle class decides to vote for Romney they will regrete it greatly. You will see the end of SS and Medicare seniors will suffer greatly with increased costs.Unfortunately most people do not study things enough Bush created most of our problems and left McCain or Obama to try and clean up the mess.If one truly studies what Obama has done it is nowhere near what some of these posters rant about.
northernlights
copying false talking points don't make it fact.
There are over 21 taxes to the middlle class in the Obamatax bill.
there are excise taxes for real estate and financial transaction taxes which has nothing to do with health care. tax on prescription drugs which has never been done and taxes on medical equipment primarily used by seniors etc.
those without insurance is not what raises premiums- it is excessive,duplicating, and difficult to understand government regulations and frivolous law suits by greedy trail lawyers are the biggest contributing factors to rising health care costs.
Its those same greedy trial lawyers who wrote Obamatax behind closed doors of the HHS office.
Romney care is a open Free market based system put together with the co-operation of state insurance companies. and medical professionals. It is only 100 pages and is simple and gives those without insurance choice of plans.
At the time of implementation. 76% of employers had sponsored health care and by the time you added medicare,self employed plans, medical savings accounts, and those who privately purchased their own insurance, you end up with a very small portion of people without insurance.
Obamatax- more government pork belly salaries paid by the taxpayer,several taxes not related to health care on the middle class, destroys free market competition raising cost even higher, no choice plans,government run rationed care.
Romney care- open free market system,choice of plans, no pork belly salaries, and not available if you have your own insurance plan.
Why is it that Romney supporters who are defending his evading of paying taxes the same people who scream bloody murder when G.E. gets tax credits and evades taxes? Why do they never bring up Big Oil which gets tax credits and evades taxes ? Why is it that the same Obama supporters who are demanding Romney make his tax records public adamantly defending Obamas' right to hide his college transcripts? Why are the most staunchest supporters of the first ammendment often the same people so willing to discard the rights provided by the second ammendment because they consider it not important to THEM? Why are the most staunchest supporters of the second ammendment so willing to discard the rights provided by the first ammendment because they consider it not important to THEM? Why are people not realizing they're being played against each other. I will be voting for Kodos.
NO president has ever been asked for his college transcripts.
Every presumptive Presidential candidate before has provided more than 2 years of returns
So what is so different now.......
You're really going to compare Obama's transcripts to Romney's tax returns? Really? Really!?!?
opaiteofmasses
I know people are being played against each other and is being done by design.
Done by a dangerous cancer that has infested since the Clinton era and is progressing rapidly.
The name of this cancer is the Bill Ayers and George Soros Agenda-
To dismantle our constitution,dismantle our open free market society, and dismantle our American way of life and replace it with a
SOCIALIST,COMMUNIST, AND MARXIST SOCIETY.
Is MSNBC so desperate that they have to publish articles about topics that are old news? And are we that stupid to believe the source came from a non partisan Tax Policy Center? Now this Tax Policy Center is making assumptions on what programs would have to be cut so Obama can preach to the people that Romney wants to burden the middle class?? I would like to hear from Romney the specifics of this tax plan, not what the Tax Policy Center assumes will happen! BTW. We will see the largest Middle Class tax increases in history once his AFC goes into effect so Obama should keep his mouth shut about this!! Every time he wants to make an argument about Romney wanting to increase taxes on the Middle class, Romney will counter attack about Obama's tax increases, how many tax increases are there? Around 20 new taxes under Obamacare?? Sounds about right! Give it up Mr. President!
Sasquatch 2012/Anyone but Obama!!!!
Oblame'O sounds like a broken record like his broken record.
Paying more taxes would not be a problem but everyone should pay more taxes if the middle class has to. Hell, I wouldn't have a problem with the tax breaks for the wealthy if they were actively putting money into this country but they are not. Instead they sock it away in off shore accounts or invest it overseas and that is a huge problem for "job seekers" when the "job creators" have tourned their collective backs on the American people. Tax them hard!!
you just explained why trickle down theory doesnt work- they look for the highest return- anywhere in the world.
Prozac - trickle down created 16M private sector jobs during the Reagan years. Riddle me how it does not work exactly.
Clinton created 20M - not based upon a strict economic policy but because of an unprecedented tech boom and a sharp move to the center to get working with the Republican controlled Senate and House to balance our budgets which made business even more bullish.
How do you think the leftist Obama is going to fix anything with his bottom up approach?
maybe without trickle down we could have created 32 million
For the middle class its tinkle on. What a fairy-tale.
rebel- I'll say it again. Regan cut tax and deficit spent. You say it was a deal- whatever you call it Reagan practised KEYNESIAN economics. He overspent on the govt side(deficit) to stimulate the economy and cut tax. Both methods approved by Keynes but he thought hard dollars would have more of an impact then possible tax credits at a later date.
What dont you UNDERSTAND. When the govt spends(deficits) it is designed to offset the cutback by business and consumers. tHE Reagan tax cuts were HUGE and the deficit the largest known at that time.
Get IT?
lol at you paxil. the important point is reagan CUT TAXES which freed more money in the private sector to create jobs.
EXAMPLE
couple makes 250k per year. obozo raises thier taxes 20k per year. obozo then wastes it.
couple has 20k extra, PLUS a 15k tax relief. they finish their basement, and buy a boat. LOOK HOW MANY JOBS THAT CREATES!
DOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY!
Don't waste time with Paxil
His terminology and statements are taken from the Karl Mark ideology which is against the foundation of our great country.
Paxil tell Ayers and Soros that their scheme will not work.