Barack Obama, our next President

Full story: Hampton Roads Daily Press

"The road ahead will be long. Our climb will be steep," Obama cautioned. Young and charismatic but with little experience on the national level, Obama smashed through racial barriers and easily defeated ...

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sonicfilter

Fishers, IN

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#809816
Nov 22, 2012
 

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carol wrote:
<quoted text>
As someone else said:
The financial crisis was a perfect storm of liberal policy about subprime mortgages that went amuck with unscrupulous mortgage brokers, Congressmen like Barney Frank allowing us to believe everything was ok with Fannie Mae, and Wall St bundling credit default swaps that should have been monitored by the incompletent SEC. This coupled with unqualified pension fund managers trying to get something for nothing by purchasing these phoney mortgage bundles, etc. You can't leave out the American public who signed purchase agreements and mortgage loan documents that spelled out the risks very clearly but no one, at the time, cared to read the fine print.
To simply "blame Bush" is much too simplistic and naive.
Lawrence Lindsay, Bush's first chief economic adviser, said there was little impetus to raise alarms about the proliferation of easy credit that was helping Bush meet housing goals.

"No one wanted to stop that bubble," Lindsay said. "It would have conflicted with the president's own policies."

http://www.nytimes.com/2008/12/21/business/wo...
brown eyes

Roanoke, VA

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#809817
Nov 22, 2012
 

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Democrats are the party of activism, the party that says government can make you richer and smarter.
Republicans are the party that says government doesn't work, and then get elected and prove it. Just look at the do nothing US Congress.

“Festina lente”

Since: Feb 08

Eastern Oregon

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#809818
Nov 22, 2012
 

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RealDave wrote:
<quoted text>
Look,when will you right whiners accept the blame of this recession? It was primarily G W Bush backed by the Republicans in Congress that fomented this recession.
All you read here is post after post from you morons "OMG OMG the unemployment" "OMG OMG the food stamps"
I have news. If we did not have the Bush recession,these things would not be where they are today.
Obama took office just as the effects were mounting up. It took nearly a year to stop the destruction.
Since he has gained back the jobs lost in his first year as he worked to stop the damage. Our economy is growing.
So really, I have a deal. You idiots quit blaming Obama for the effects of this recession and I won't have to keep reminding who who fomented it.
Face it. The right would love us to have a balanced budget. You would love for this country to be where it was in 2001.
But yet, you are too stupid to know who took us off that path.
April, 2015:

"Boy, that Bush recession was a LOT worse than we thought. Even though I've 'created' 7 million new jobs (40 million removed from the workforce), raised taxes, fees, penalties, increased regulations and infused billions more into the green energy sector, I've held gas down to $7.85 a gal, and kept the economy roaring along at a .9% growth rate. But, there's still work to do. What I need is a third term so I can sustain all the good things I've done for America."

Barrack Hussein Obama
Not Real Sure

Hobbs, NM

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#809819
Nov 22, 2012
 

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sonicfilter wrote:
The New Republican Tax Policy
By Bruce Bartlett
Although it is commonly believed that the Laffer curve – the idea that tax cuts pay for themselves – is the core Republican idea about tax policy, this is wrong. The true core idea is something called starve-the-beast – the idea that tax cuts will force cuts in spending precisely because they reduce revenue. But there are slight indications that some conservatives have awakened to the reality that not only does starve-the-beast not work, but it also leads to higher spending.
The notion came into being in the 1970s to allow conservative Republican economists to reconcile their support for a balanced budget with their party’s intense desire to cut taxes without worrying about the deficit. Proposition 13 in California had proven unmistakably that voters didn’t much care whether spending was cut; they just wanted lower taxes.
I have traced the origins of Republican starve-the-beast theory to testimony by Alan Greenspan before the Senate Finance Committee on July 14, 1978 – just weeks after the passage of Proposition 13 on June 6. In explaining why he supported the Kemp-Roth tax bill, which proposed an across-the-board tax rate reduction of 30 percent, while also supporting deficit reduction, Mr. Greenspan said:
Let us remember that the basic purpose of any tax cut program in today’s environment is to reduce the momentum of expenditure growth by restraining the amount of revenues available and trust that there is a political limit to deficit spending.
Among those who totally bought into this theory was Ronald Reagan. When criticized for proposing a tax cut in 1981 even though the deficit was high and rising, he replied in a national television address on Feb. 5, 1981:
Over the past decades we’ve talked of curtailing government spending so that we can then lower the tax burden. Sometimes we’ve even taken a run at doing that. But there were always those who told us that taxes couldn’t be cut until spending was reduced. Well, you know, we can lecture our children about extravagance until we run out of voice and breath. Or we can cure their extravagance by simply reducing their allowance.
In 2001, George W. Bush justified his tax cut on starve-the-beast grounds, saying it would constitute a “fiscal straitjacket for Congress.” According to the journalist Ron Suskind’s book,“The Price of Loyalty,” the Bush adviser Karl Rove often invoked the starve-the-beast approach as “conservative economic theology” in White House meetings. By 2003, using deficits strategically to slash the size of government was widely considered to be party doctrine among Republicans.
During the Obama administration, the principal enforcer of that doctrine among Republicans is the anti-tax crusader Grover Norquist. He continually argues against tax increases because they feed the beast and lead to higher spending. As he put it in an Op-Ed page column last year in The New York Times,“Raising taxes is what politicians do instead of reforming and reducing the cost of government.”
The problem for Republicans, as is so often the case, is that the real-world impact of their theories doesn’t measure up to their theories. There was no reduction in spending as a share of the gross domestic product despite a sharp fall in revenue as a share of G.D.P. during the Reagan years. By the time Reagan left office the spending/G.D.P. ratio was about the same as it was in Jimmy Carter’s last year: 21.7 percent in 1980 vs. 21.3 percent in 1988.
http://economix.blogs.nytimes.com/2012/11/20/...
And what EXACTLY is your point ???? It clearly states the obvious.....The more you tax the more our government will spend....so why Tax more......thats stupid ....you made our point for us....maybe you should read and decipher your own threads before you post....you absolutely stepped on your d*ck this time
RUSH10ME

Warsaw, VA

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#809820
Nov 22, 2012
 

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brown eyes wrote:
Democrats are the party of activism, the party that says government can make you richer and smarter.
Republicans are the party that says government doesn't work, and then get elected and prove it. Just look at the do nothing US Congress.
Do tell , how can the govt. make you"RICHER" or"SMARTER" ?
sonicfilter

Fishers, IN

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#809821
Nov 22, 2012
 

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Not Real Sure wrote:
<quoted text>And what is your point EXACTLY ????? It simply states as to what I can See....it does not matter how much you tax, The government will just spend it anyway......so why raise taxes..... I do not think you read this before you posted,,,,,It does not help your cause...
"Let us remember that the basic purpose of any tax cut program in today’s environment is to reduce the momentum of expenditure growth by restraining the amount of revenues available and trust that there is a political limit to deficit spending."

So how did that trust thing work out?
Not Real Sure

Hobbs, NM

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#809822
Nov 22, 2012
 

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RUSH10ME wrote:
<quoted text>Do tell , how can the govt. make you"RICHER" or"SMARTER" ?
Not sure about the smarter part.....But if you don't wanna work, or actually do something to inspire growth....No doubt the government will keep pumping money into your needy worthless palms...
brown eyes

Roanoke, VA

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#809823
Nov 22, 2012
 

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RUSH10ME wrote:
<quoted text>Do tell , how can the govt. make you"RICHER" or"SMARTER" ?
Hire more teachers and give them a raise. Shorten the classroom size.
sonicfilter

Fishers, IN

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#809824
Nov 22, 2012
 

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George W. Bush: Biggest Spender Since LBJ

http://www.cato-at-liberty.org/george-w-bush-...
Not Real Sure

Hobbs, NM

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#809825
Nov 22, 2012
 

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brown eyes wrote:
<quoted text>Hire more teachers and give them a raise. Shorten the classroom size.
With what money ???? tell your cronies to stop spending ,and maybe its possible...
RUSH10ME

Warsaw, VA

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#809826
Nov 22, 2012
 
brown eyes wrote:
<quoted text>Hire more teachers and give them a raise. Shorten the classroom size.
If you were to only have 10 kids with two teachers per classroom the results would be the same , because without concerned and devoted parents [plural] the kids will only aspire to their surroundings and upbringing and settle for the easy way out [giverment entitlements]just look at the african american comunity stats per capita for the answer .
sonicfilter

Fishers, IN

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Nov 22, 2012
 

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Fox News Brings You The Scariest Christmas Ever

It seems like the War On Christmas comes earlier every year. For the folks over at Fox News, some of whom are still reeling from the outcome of the election, it seems there are many more reasons to be concerned this holiday season.

In the days before Thanksgiving, Fox filled its shows with dire, sometimes terrifying segments about all the threats surrounding the merriest season of the year. There’s the eradication of free speech by atheist “loons,” the possibility of choking on our food, the diseases spread on airplanes, and the endless depression that comes from Christmas commercials.

If we even make it to Christmas, that is. Fox’s morning man Bill Hemmer charted the possibility that the “apocalypse” would arrive on Dec. 22, and just how sad it will be when we all get wiped out, leaving all those unopened presents under the tree.

So, sit back and take in the best of Fox’s holiday doom and gloom. And as you endure the season, take a moment to think of all those over at Fox News, who clearly need a little cheering up.

http://tpmdc.talkingpointsmemo.com/2012/11/fo...
carol

Orlando, FL

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#809829
Nov 22, 2012
 

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sonicfilter wrote:
<quoted text>
2004
Tax Returns: A Comprehensive Assessment of the Bush Administration's Record on Cutting Taxes
....the exceptionally poor job growth of recent years suggests the Administration’s tax cuts have largely failed to accomplish one of its stated policy goals.
http://www.cbpp.org/cms/index.cfm...
read it.
We can argue about this all day long. But when President Obama's own press secretary, Jay Carney, admits to the press that the extension of the Bush tax cuts in 2010 helped the economy, your argument really doesn't have a leg to stand on.

You can hear him say it yourself.

http://washingtonexaminer.com/carney-admits-2...
Yeah

Mililani, HI

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#809830
Nov 22, 2012
 

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carol wrote:
<quoted text>
We can argue about this all day long. But when President Obama's own press secretary, Jay Carney, admits to the press that the extension of the Bush tax cuts in 2010 helped the economy, your argument really doesn't have a leg to stand on.
You can hear him say it yourself.
http://washingtonexaminer.com/carney-admits-2...
lol! Sure! That's because the only way the cons would allow the middle class tax cuts to pass was to pass the bushie tax cuts as well. That's why it was a "package" the cons put together.
Not Real Sure

Hobbs, NM

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#809831
Nov 22, 2012
 
sonicfilter wrote:
Fox News Brings You The Scariest Christmas Ever
It seems like the War On Christmas comes earlier every year. For the folks over at Fox News, some of whom are still reeling from the outcome of the election, it seems there are many more reasons to be concerned this holiday season.
In the days before Thanksgiving, Fox filled its shows with dire, sometimes terrifying segments about all the threats surrounding the merriest season of the year. There’s the eradication of free speech by atheist “loons,” the possibility of choking on our food, the diseases spread on airplanes, and the endless depression that comes from Christmas commercials.
If we even make it to Christmas, that is. Fox’s morning man Bill Hemmer charted the possibility that the “apocalypse” would arrive on Dec. 22, and just how sad it will be when we all get wiped out, leaving all those unopened presents under the tree.
So, sit back and take in the best of Fox’s holiday doom and gloom. And as you endure the season, take a moment to think of all those over at Fox News, who clearly need a little cheering up.
http://tpmdc.talkingpointsmemo.com/2012/11/fo...
Ya....too bad...they are still the number 1 watched news channel...by far....lol
Not Real Sure

Hobbs, NM

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#809832
Nov 22, 2012
 
Yeah wrote:
<quoted text>lol! Sure! That's because the only way the cons would allow the middle class tax cuts to pass was to pass the bushie tax cuts as well. That's why it was a "package" the cons put together.
Oh It's Einstein Again.....he knows everything
sonicfilter

Fishers, IN

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#809833
Nov 22, 2012
 

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carol wrote:
<quoted text>
We can argue about this all day long. But when President Obama's own press secretary, Jay Carney, admits to the press that the extension of the Bush tax cuts in 2010 helped the economy, your argument really doesn't have a leg to stand on.
You can hear him say it yourself.
http://washingtonexaminer.com/carney-admits-2...
I presented no argument. I presented facts. Speaking of which....

Republicans' choice: fantasy follies or reality-based relevance

The GOP's electoral future hangs on whether it prefers the 'conservative entertainment complex' to America as it finds it

Republicans' belief in the feel-good Fox News fantasies of what "real America" wanted and believed helped them lose the election. Would Romney have lost if his base didn't stubbornly insist that polls were rigged, that almost half the country was looking for a handout (and the other half was angry about it), and that government exists only to coddle or sabotage (not so much the "Nanny state" as Mommie Dearest)? The "conservative entertainment complex", as columnist David Frum put it, promulgated a view of the American electorate that wasn't just objectively false, in terms of polled support, but to which they objected. That is, they didn't just get wrong how much support Romney had; they told a story about American voters that Americans themselves didn't believe.

You can't win an election by appealing solely to a class you've arbitrarily designated as the "makers" – there are too many of us who don't believe getting back from your government is "taking". And when it comes to civil rights, you can't woo voters with a description of a future they're not part of. Ultimately, we didn't want to be the kind of country Mitt Romney and the Republican party told us we were.

http://www.guardian.co.uk/commentisfree/2012/...

Happy Thanksgiving Carol.
Not Real Sure

Hobbs, NM

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#809834
Nov 22, 2012
 

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Yeah wrote:
<quoted text>lol! Sure! That's because the only way the cons would allow the middle class tax cuts to pass was to pass the bushie tax cuts as well. That's why it was a "package" the cons put together.
It amazes me how some people are educated way beyond their intelligence !!!!!

“I'm here with bells on.”

Since: Jul 12

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#809835
Nov 22, 2012
 

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brown eyes wrote:
Happy Thanksgiving to everyone. Democrats and Republicans alike.
Agreed. Let us remember that we live in this country together. And for what we are about to consume, may we be truly thankful.

Amen.
brown eyes

Christiansburg, VA

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#809836
Nov 22, 2012
 

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Not Real Sure wrote:
<quoted text>With what money ???? tell your cronies to stop spending ,and maybe its possible...
Huff Post November 22, 2012.
Speaking of Cronies:
It's time to put an end to crony capitalism says huge beneficiary of crony capitalism.
Charles Koch the CEO of notorious Koch industries argues in a recent Wall Street journal op-ed that cooperation between government and business is a destructive force because it weakens businesses and the economy while undermining our political system.
Among the many ways Koch industries reaps rewards from what some might describe as crony capitalism. The company benefits from the government subsidies provided to firms that produce oil and ethanol, they reportedly asked Sarah Palin to bailout a failing oil refinery when she was governor of Alaska and they won huge government contracts under the George W. Bush administration, according to Think Progress.
In addition Koch industries has spent more than 5 million dollars lobbying the oil and gas industry, according to thecenter for Responsive Politics. The company also set up a Super PAC that raised more than 2.5 million dollars for the election cycle. There's your number one hypocrite crony.

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