Replies to This Discussion

Permalink Reply by Highlighter on July 21, 2008 at 9:53

Go Obama...it's about time the rich pay for all the years of "getting by" under that foolish and stupid Bush administration. G W is stupid just like his mother, brother & FATHER!!!!!

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Permalink Reply by Count of Monte Cristo on July 21, 2008 at 9:57

Getting by???? The top 50% of taxpayers pay about 97% of taxes collected. So spare me the crap about the rich needing to pay their "fair share." They already pay way more in absolute and percentage terms than those in the middle class. JFK passed tax cuts that were instrumental to improving the economy in the 1960's, i don't see you blasting him.

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Permalink Reply by dreamcatcher on July 21, 2008 at 12:05

Lord knows that the middle class is better off after 8 years of bush. Plus to know that many of their previous nice paying jobs are spread out across many third world countries. Its also nice that companies like haliburton have moved their headquaters to middle east countrys, so instead of paying their fare share tax wise, us good ole MC'ers can do it for them. Most republicans have got it made. They let people like Limbaugh, O'Reilly, Beck, etc..., do the thinking for them so all they have to do is constantly repeat the mantra. I truly, truly love my country, but the bottom line is the American public has allowed us become the United States of Corporate America. Pensions, medical, vacation, ie-job benefits, are fastly disappearing, and yet, thank goodness, some rich folk are the only reason part-time jobs ( 2 or 3 for many) are available. The time that ceos get golden parachutes (irregardless of the companies financial disposition) and we get golden showers must end. I am not a big Obama fan, but I think the majority of people in this country see what 20 of 28 years with a republican in the white house (remember for the first 7 years, bush felt no need to include democrats in anything) and republicans held the majority for most of that time in congress, the middle class is far from better off. Democrats need to get past this can't we all get along, while republicans are nuke em all.

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Permalink Reply by RK on July 21, 2008 at 12:28

"Irregardless..." ?? Spoken like a true Democrat. You go dc. LMAO

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Permalink Reply by dreamcatcher on July 21, 2008 at 12:31

Thanks for the grammar lesson. But is that the best you can do? A little oxy probably would have helped. Can you contact rush for me? There seems to be a lot of people, with husband and wife both working and making $50,000 to $125,000 a year, that seem to believe they will be driven to the poor house with a Democrat President and Democrat control of Congress. We will see.

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Permalink Reply by RK on July 21, 2008 at 12:31

np

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Permalink Reply by Count of Monte Cristo on July 21, 2008 at 12:56

People making 50 to 125k may not see much of an increase in income taxes, but many other kinds of taxes will add up under an Obama adminstration. Doubling the capital gains and dividend taxes will be disastrous for the stock market. In fact, I think at least 500-1000 points of the stock market drop is the market pricing in an Obama victory. Losses in stocks affect all classes of people, as many Americans have stocks, not just the "evil rich."
The drunken spending that will worsen under an Obama administration amounts to an "inflation tax" that will actually hit the poor and middle class harder than the rich (who are able to absorb shocks better). Refusal to drill almost anywhere in this country coupled with "windfall profit" taxes on the oil industry will lead to oil prices above $200 per barrel. See how much purchasing power you have left when it costs $6-7 per gallon to drive your car. Drunken government spending on entitlements like national health care, free college tuition for all high school students (not everyone is meant for college), etc. will lead to further depreciation in the dollar, eroding the value of people's nest egg for retirement.

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Permalink Reply by RK on July 21, 2008 at 13:27

Still laughing dc. Thanks.

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Permalink Reply by Count of Monte Cristo on July 21, 2008 at 12:51

Wow I don't know where to start...... If you look at the past twenty years, the wages of skilled workers in America have gone up way more than wages of unskilled workers. This is due to the forces of globalization and free trade pushing our economy to a service based one instead of manufacturing based. If you want to get ahead in the global economy, get a skilled job. If you aren't a skilled worker, go back to college and become one. The pool of unskilled workers is only getting larger in this country with the influx of illegal immigrants (apprx. 15 million). To try to go back to protectionist policies would be disastrous. The costs of implementing tariffs have been shown to be on average 3-5 times the annual salary of a person in most industries. To act like the global economy is a zero sum game is asinine. Every country (on the WHOLE) benefits from free trade. There will be some individual losers from free trade, but the gains far outweigh the costs.
As Calvin Coolidge once said, "The business of America is business." I reject your assertion that corporates are inherently evil. You bash them yet complain when they move overseas. See the hypocrisy? And don't even get me started on corporations paying their "fair share" of taxes... If anything, it is onerous taxation that is forcing corporations overseas. If taxes are increased to Carter presidency levels under Obama, what do you think will happen to the number of corporations moving overseas? It will increase DRAMATICALLY.
I am not defending the actions of President Bush and the Republican congress from 2000-2006. They got fiscally irresponsible and deserved to lose Congress in 2006. They lost touch with the true conservative, limited government base of the GOP. But as you will see next year, the Democrats will be even worse drunken spenders than the GOP. We should throw them all out and start all over, but the odds of that happening are slim to none. There are too many entrenched interests to let that happen.

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Permalink Reply by Martin on July 22, 2008 at 13:46

On the other hand, corporations are not inherently moral. When's the last time an oil company gave the USA a break? Do you really think the landsmen are going to be sympathetic to our "needs" when we negotiate a lease? Not likely.
The Free Market is just a synonym for greed. You can mention Free Market in polite society, but not greed.

What the Republicans have done is to remove either by law or by political appointment the constraints that were put on greed during the depression. I personally think that greed is a reliable economic motivator, but untrammeled greed is dangerous to our economy. Check with Bear Stearns, et. al.

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Permalink Reply by Stank! on July 23, 2008 at 7:41

Very nice post (hard work to make it this far in the thread).

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Permalink Reply by herefordsnshale on July 23, 2008 at 12:38

What were those constraints?

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