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#818881 Dec 9, 2012
Maybe someone who knows more about the stock market than me can say if this is good news or not.
"While investors may be selling stocks to avoid higher taxes in 2013, companies may continue to announce special and accelerated dividend payments before year end.
"To be sure, the big sell-off in stocks following the November 6 election was likely related to tax selling, making it hard to judge how much more is to come."
#818882 Dec 9, 2012
Funny, I thought it was the other way around. In fact, I'm quite sure it is.
#818883 Dec 9, 2012
Author and economist Ben Stein joined Fox & Friends on Thursday where he stunned the hosts after he called for raising the tax rates on people making more than $2 million per year. He said that he did not think that the United States simply had a spending problem, and cited the early post-war period as an example of a time when you could have high tax rates and high growth.
“I hate to say this on Fox – I hope I’ll be allowed to leave here alive – but I don’t think there is any way we can cut spending enough to make a meaningful difference,” said Stein.“We’re going to have to raise taxes on very, very rich people. People with incomes of, say,$2,$3,$4 million a year and up. And then slowly, slowly, slowly move it down.$250,000 a year, that’s not a rich person.”
Stein said that the government has a spending problem, but they also have a “too low taxes problem.”
“With all due respect to Fox, who I love like brothers and sisters, taxes are too low,” said Stein.
“That sounds like Bowles-Simpson,” said Gretchen Carlson.
“It is Bowles-Simpson,” Stein replied.
“The evidence is that there is no clear connection between the level of taxation and the level of economic activity,” said Stein.“The biggest growth and prosperity we’ve ever had in this country was from roughly 1941 to 1973. That was the best years we’ve ever had and those were years of much higher taxes than we have now.”
“Taxes were at 70, 80 percent then,” said Steve Doocy.
“And yet, we were very prosperous,” Stein replied.“The highest rate was in the 90s during parts of the 50s, and yet we were very prosperous.”
#818884 Dec 9, 2012
Exactly. Louisiana governor and New Orleans mayor headed for the hills and then popped up in front of every camera they could find to blame Bush when it was the governor, herself, who delayed armed national guard from taking control of their mistakes.
But all Obama had to do was show up and look like he has the situation completly under control right before the election while people in those states are still begging for help.
This is the irony of it all.
#818885 Dec 9, 2012
The truth is always consistent and unwavering. It's why Obama and democrats get stuck between that same old rock and a hard place.
#818886 Dec 9, 2012
Fox Business Guest Curtis Sliwa: Obama Is "Being Street" In Budget Talks
it's about time.
now some nutjob will whine and cry that Obama didn't offer anything to the republicans that they liked. then i'll have to tell that nutjob that the republicans never offer anything Obama likes.
though in nutjob world it's only fair when they get EVERYTHING they want. problem is nutjob, you threw fair out the window a long time ago.
#818887 Dec 9, 2012
Okay, I'm back. Where'd everybody go?
#818888 Dec 9, 2012
Just think. In 6 more days, I get to start my traditional Christmas countdown.
Like I said, I'll try and be more creative this year.
#818889 Dec 9, 2012
The Conservative Bubble Influences More than Just Politics
POLITICO's Jonathan Martin gets some good quotes from Ben Domenech, Ross Douthat, Bruce Haynes, and Tray Grayson on the conservative media's isolation from reality.
I have called this problem "the alternative knowledge system," but you don't need to use that clunky name to see the thing.
But here's the next challenge:
The problem with Fox and the rest is not only - or even primarily - that they duped conservatives about Mitt Romney's likely margin in the Electoral College.
The problem is the steady stream of misinformation they feed about basic matters of government: such as that the United States spends $1 trillion a year on "welfare"; or that taxes went up in President Obama's first term ; or that the economy did not grow over the past two years. All false, all frequently reported; all widely believed.
It will be a great first step when conservatives insist upon accurate political information. But the job cannot be considered finished until conservatives reject media that feed them false information about public policy as well.
if only we all watched FOX.
but we don't.
#818890 Dec 9, 2012
Until Obama gets to raise everyone's taxes and businesses start hunkering down and wall street has the first inkling of which direction it's going, all of this speculation is pointless.
Let's wait and see if Obama's plan works. Even though it's not any different than the last time and 65% of the nation still believes we're on the same wrong track as before.
Should be interesting anyway, huh? The nation experiencing collective regret.
I hope I'm wrong. But, if not, can't wait to say "told ya".
#818891 Dec 9, 2012
Sorry sonic, guess I'll come back later. Have fun copying and pasting the liberal propaganda.
#818892 Dec 9, 2012
US Corps of Engineers__US Coast Guard__US Department of the Interior are all present year around and around the clock in the Louisiana Delta Carol as are several other US agencies. That the POTUS would need the Mayor of New Orleans or the Governor of Louisiana's permission to respond to a disaster is beyond stupid and pathetic.
Get a clue babe!
#818893 Dec 9, 2012
A long-simmering generational battle in the conservative movement is boiling over after last week’s shellacking, with younger operatives and ideologues going public with calls that Republicans break free from a political-media cocoon that has become intellectually suffocating and self-defeating.
GOP officials have chalked up their electoral thumping to everything from the country’s changing demographics to an ill-timed hurricane and failed voter turn-out system, but a cadre of Republicans under 50 believes the party’s problem is even more fundamental.
The party is suffering from Pauline Kaelism.
Kael was The New Yorker movie critic who famously said in the wake of Richard M. Nixon’s 49-state landslide in 1972 that she knew only one person who voted for Nixon.
Now, many young Republicans worry, they are the ones in the hermetically sealed bubble — except it’s not confined to geography but rather a self-selected media universe in which only their own views are reinforced and an alternate reality is reflected.
Hence the initial denial and subsequent shock on the right that the country would not only reelect President Barack Obama — but do so with 332 electoral votes.
“What Republicans did so successfully, starting with critiquing the media and then creating our own outlets, became a bubble onto itself,” said Ross Douthat, the 32-year-old New York Times columnist.
“The right is suffering from an era of on-demand reality,” is how 30-year-old old think tanker and writer Ben Domenech put it.
Citing Kael, one of the most prominent Republicans in the George W. Bush era complained:“We have become what the left was in the ’70s — insular.”
In this reassuring conservative pocket universe, Rasmussen polls are gospel, the Benghazi controversy is worse than Watergate,“Fair and Balanced” isn’t just marketing and Dick Morris is a political seer.
Even this past weekend, days after a convincing Obama win, it wasn’t hard to find fringes of the right who are convinced he did so only because of mass voter fraud and mysteriously missing military ballots. Like a political version of “Thelma and Louise,” some far-right conservatives are in such denial that they’d just as soon keep on driving off the cliff than face up to a reality they’d rather not confront.
Read more: http://www.politico.com/news/stories/1112/837...
#818894 Dec 9, 2012
better than taking a shot at it eh?
run little rabbit run.
#818895 Dec 9, 2012
...add to this Mitt's 47% movie and Gov. Christie and you have a victory for President Obama.
#818897 Dec 9, 2012
same as before the election.
you ever going to step out of the bubble?
#818898 Dec 9, 2012
Just seemed pointless - just the two of us, I mean.
But I did want to say one more thing - unless things pick back up again before I post this.
Let's all not forget about others this holiday even if we do like to banter about politics on here - as well as throughout the new year.
It's sometimes easy to forget that there are people who are much worse off than we can imagine.
Let's all promise to do something good for those less fortunate than ourselves before the holidays.
The two or three of us on here right now anyway. Hopefully, more of us who might read this later.
#818899 Dec 9, 2012
For the third week in a row, 41% of Likely U.S. Voters say the country is heading in the right direction, according to a new Rasmussen Reports national telephone survey taken the week ending Sunday, December 2.
That's unchanged from the previous two weeks and remains the highest level of optimism during the Obama presidency. The latest finding is up 17 points from the beginning of the year and up 24 points from a year ago.
a shrinking 52% see it the other way. a bit short of 65%.
#818900 Dec 9, 2012
Time For The GOP To Learn From Romney's Mistakes
Read more: http://www.businessinsider.com/gop-unclear-on...
#818901 Dec 9, 2012
It had to do with the National Guard being armed because of the violence and looting that was going on.
Do a little research. And not liberal propaganda. You'll see I'm right.
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