The real party of NO, the GOP, steps it up

[Cannon Shell]

Originally Posted by Riot

You don't seem to understand that even using your figures unemployment is a huge positive. If $115 is needed to pay out $100 in unemployment, then that $100 goes into the economy and produces from $130 to $160 of enconomic growth (every single economist in the world says this is true, the only difference between them is the amount varies, but it has NEVER been below 1.30 per dollar spent) - it's obviously a gain. It grows the economy. It keeps jobs from going away.

Oh boy. Then why dont we just give everybody money? Why restrict it to the unemployed? Send out US Treasury debit cards and solve everything?

[Riot]

Originally Posted by Cannon Shell

Oh boy. Then why dont we just give everybody money? Why restrict it to the unemployed? Send out US Treasury debit cards and solve everything?

Bush did that (sent out stimulus checks) I think Reagan did, too. I recall that Obama was considering it, but instead gave a bunch of targeted tax breaks to small businesses.

[Cannon Shell]

Originally Posted by Riot

Bush did that (sent out stimulus checks) I think Reagan did, too. I recall that Obama was considering it, but instead gave a bunch of targeted tax breaks to small businesses.

And how did that work out?

Obama's "targeted tax breaks" are a joke. Most are tax credits which tend to be useless if you dont have the money to spend to qualify. If he really wanted to help small business he would do just about the exact opposite of everything he has done since taking office. Increasing needless regulation, Obamacare, the IRS requiring businesses to pay them electronically and on a much shorter time table therefore interupting cashflow at a time when credit is impossible to come by, threatening to let the Bush tax cuts expire for $250k and up earners (where a huge portion of small business owners are). All of those things plus his concessions to big labor don't make for a very business friendly President.

[SCUDSBROTHER]

Originally Posted by Cannon Shell

And how did that work out?

Obama's "targeted tax breaks" are a joke. Most are tax credits which tend to be useless if you dont have the money to spend to qualify. If he really wanted to help small business he would do just about the exact opposite of everything he has done since taking office. Increasing needless regulation, Obamacare, the IRS requiring businesses to pay them electronically and on a much shorter time table therefore interupting cashflow at a time when credit is impossible to come by, threatening to let the Bush tax cuts expire for $250k and up earners (where a huge portion of small business owners are). All of those things plus his concessions to big labor don't make for a very business friendly President.

That's up to 1 mil now. Didn't change things, cuz what the GOP really cares about is looking out for millionaires.

[Riot]

Originally Posted by SCUDSBROTHER

That's up to 1 mil now. Didn't change things, cuz what the GOP really cares about is looking out for millionaires.

The GOP should have taken that, for both political reasons, but mostly that it would toss a huge chunk of our deficit out and it's a good thing to do. They could even take the credit for it next election. Mitch McConnell has become brain dead in his old age.

[Cannon Shell]

Originally Posted by Riot

The GOP should have taken that, for both political reasons, but mostly that it would toss a huge chunk of our deficit out and it's a good thing to do. They could even take the credit for it next election. Mitch McConnell has become brain dead in his old age.

I guess you think that the million dollar proposal floated by Schumer wasn't just a PR move right?

The idea that this would toss a huge chunk of our deficit out is laughable.

[Riot]

Originally Posted by Cannon Shell

I guess you think that the million dollar proposal floated by Schumer wasn't just a PR move right?

The idea that this would toss a huge chunk of our deficit out is laughable.

You have very unique financial ideas, not shared by most economists. Not shared by any economist I've seen, but I'm sure there are some out there. Can you quote any?

[Cannon Shell]

Originally Posted by SCUDSBROTHER

That's up to 1 mil now. Didn't change things, cuz what the GOP really cares about is looking out for millionaires.

http://www.csmonitor.com/USA/Politic...or-the-jobless

I guess you and Riot can start the crying now...

[Riot]

Originally Posted by Cannon Shell

http://www.csmonitor.com/USA/Politic...or-the-jobless

I guess you and Riot can start the crying now...

Now? I started crying when Obama came out and said he'd cave before negotiations began. He may yet stick at 1 million (which I think is the most he should go), but he already said he'd extend for everyone, it's just a matter of length.

Yes, I do not agree with that at all. Bad, bad for expanding deficit as an unfunded tax cut. Obviously doesn't build any jobs, because that's the tax rate in effect now, that we've had since 2001-2003. We've lost 800,000 jobs on that tax rate and gone into a major recession after a threatened depression. Not much "business building" there, is there?

How's that tax cut supposed to be so awesome for growing the economy again?

[Cannon Shell]

Originally Posted by Riot

Now? I started crying when Obama came out and said he'd cave before negotiations began. He may yet stick at 1 million (which I think is the most he should go), but he already said he'd extend for everyone, it's just a matter of length.

Yes, I do not agree with that at all. Bad, bad for expanding deficit as an unfunded tax cut. Obviously doesn't build any jobs, because that's the tax rate in effect now, that we've had since 2001-2003. We've lost 800,000 jobs on that tax rate and gone into a major recession after a threatened depression. Not much "business building" there, is there?

How's that tax cut supposed to be so awesome for growing the economy again?

Are you seriously saying that the Bush tax cuts were responsible for a global economic calamity? The Bush tax cuts caused the collapse of the housing markets and caused finanical companies to make bad investmets? Are you saying that the Bush tax cuts are responsible for the debacle of fannie mae and freddie mac?

[SCUDSBROTHER]

Originally Posted by Cannon Shell

http://www.csmonitor.com/USA/Politic...or-the-jobless

I guess you and Riot can start the crying now...

OBA wouldn't stand up to a squirrel. Blinks each time. He n' Carter gunna fight it out for the most female President ever. Do you really think most DEMS are gunna care who gets elected President? I mean, he never acts like he is the president. He acts like the Republicans' House Boy. WTF is he gunna run on? Extending Oprah's tax break? 1 term. It's over for this woman. What old White Dude is next? No matter what, people aren't gunna show up for someone that won't fight for stuff they say needs to be done. He said we can't afford to extend it, and now he'll extend it. Is there anything this loser will stand up n' fight for? All he does is lose. Get owned. Lose. Lose. What percentage of males gunna vote for this wimp in 2012? I don't think I can vote for this guy again. I can't see the point in watching him give in, n' get politically raped for another 4 years. Miracle he could make kids. Funny thing is, I don't think DEMS will filabuster like the Reps been doing. How did we get the tax break in the 1st place? Base ain't coming out for this guy. Ain't no way. Won't fight. Vick would of quickly killed this type.

[Riot]

And how did that work out?

The economists say pretty well, but we needed more.

Obama's "targeted tax breaks" are a joke.

Most are tax credits which tend to be useless if you dont have the money to spend to qualify.

Don't worry. You just said we can suffer a 10-15% loss in business income and it won't matter, because the 85% will still be there.

The credit crunch is indeed a bad business thing for cash flow. Yet the GOP won't allow the banks to be forced into any emergency regulation to lend more readily (can't blame them, mortages didn't work well) in a time of record profits (the banks holding on to their money, instead of lending it) So that's a huge problem getting the recession restarted.

threatening to let the Bush tax cuts expire for $250k and up earners (where a huge portion of small business owners are).

The Dems went up to a million (where the vast majority of "small businesses" are) but the GOP voted that down. That's too bad.

We also have a little problem with excessive debt. Cutting spending alone won't get rid of that, we need more income. We can get rid of a huge percentage of that in one move. Best that income come from as few people as possible (highest earning 2% of Americans), who can most afford to have their tax rate on the adjusted gross income go from the special lowered 36% rate go back up to the 39.6% it was during the non-deficit years.