06 Mar 09
1 edit
Originally posted by LundosThe Republicans and the Democrats, don't pick a side in who is to
I agree. The Republicans messed up. And the world suffered. I suggest reading Kindleberger's 'The World in Depression, 1929-1939' from 1973. It's old, but it started the Hegemony Stability Theory that the Bush Doctrine followed. It might explain what not to do, and why the US is affecting the entire world.
EDIT: Language error.
blame! It started before Bush, but he didn't fix it while he had the
chance, there is guilt on both sides of the aisle! Suggesting only
one side is guilty will only cloud your vision on casting blame where
it needs to be! Those two parties are just two different sides of the
same coin, they are both guilty.
Kelly
06 Mar 09
Originally posted by MarinkatombI can see the logic of the bail outs, and it is bad logic! Should some
I can see the logic of the bail outs. If the banks go down then everyones savings go with it, along with all their jobs too. I don't like the bail outs, not one little bit! But given a choice between paying higher taxes or the complete collapse of life as we know it, i have to think prudently. Personally i can't stand any of these SOB's, but while ...[text shortened]... wage though...hell i'd be lucky to get that atm thanks to their incompetence and greed! ðŸ˜
thing get done! Yea, we however would have been better off if the
govenment had just given AMERICA all of it a tax holiday for a year
or however long it would have taken to blow through a trillion dollars.
That would have caused jobs, cars getting bought, homes being
saved, and no extra govenment checks would have been written, no
tax payer money would have just went into companies that even after
being given billions of dollars are no better off no then they were
when they were given the money.
Kelly
06 Mar 09
Originally posted by KellyJayHas it gotten worse? How fast do you think it'll take before we see an clear effect other than that? Your economy is in dire straits. Drastic measures are needed.
Saving it, what has improved since Bush/Obama set out to save
our country with their bail out? Any one that got that money now
all of sudden, better off than they were before?
Kelly
06 Mar 09
Originally posted by KellyJayWell, Mr. Bush inherited a projected ten-year surplus of $5,6 trillion and bequeaths a ten-year deficit of $6 trillion. In pursuit of his fiscal ambitions, Mr. Bush helped roll over or sweept aside longstanding rules and conventions designed to keep the deficit in check. Republicans and Congress pushed through his 2001 and 2003 tax cuts under a parliament manoeuvre called 'reconciliation' previously reserved for measures that reduced, or did not increase, the deficit. Doing so Mr. Bush has largely stripped the Democrats of their ability to raise precedural obstacles in the Senate, but it also required the tax cuts to expire after ten years. As the projected surpluses melted away (not surprisingly), Mr. Bush cut the horizon in his budgets from ten years to five, masking the long term impact on his policies.
The Republicans and the Democrats, don't pick a side in who is to
blame! It started before Bush, but he didn't fix it while he had the
chance, there is guilt on both sides of the aisle! Suggesting only
one side is guilty will only cloud your vision on casting blame where
it needs to be! Those two parties are just two different sides of the
same coin, they are both guilty.
Kelly
And for years Mr. Bush refused to include the cost of the Afghanistan and Irag wars in his budget.
And that's not even the worst part of it; the ageing of the population, coupled with rapidly rising health-care costs, means that in the coming decades Social Security nd Medicare benefits will outstrip workers payroll contributions by trillion of dollars. Both prgrammes presented by Mr. Bush with a political opportunity.
I cast blame where it lies, thank you.
06 Mar 09
Originally posted by KellyJayBail outs can be bad for numerous reasons. So can a tax holiday for a year.
I can see the logic of the bail outs, and it is bad logic! Should some
thing get done! Yea, we however would have been better off if the
govenment had just given AMERICA all of it a tax holiday for a year
or however long it would have taken to blow through a trillion dollars.
That would have caused jobs, cars getting bought, homes being
saved, and no e ...[text shortened]... billions of dollars are no better off no then they were
when they were given the money.
Kelly
In Denmark we have something called a 'Frikort', which means that the first $6.000 you earn are tax free, which is generally transferred to help a little each month all year. Do you have something like that in the US? A better solution would be to give every worker a larger taxreduction each month ie. raise the amount on the 'frikort'. Not too much but enough to ensure it all is spent every month. That would keep the wheels going.
06 Mar 09
Originally posted by LundosYea, except just doing something doesn't matter, doing something
Has it gotten worse? How fast do you think it'll take before we see an clear effect other than that? Your economy is in dire straits. Drastic measures are needed.
big doesn't matter, DOING THE RIGHT THINGS wisely does! Do you see
anything they are doing, making a difference for the GOOD of the
country or just making things worse? Look at the results, judge them
for that which they have done, that which they are doing not just
the words they say to you, right now the only good things I see
the govenment doing good is blowing smoke and pissing on our
country and telling us it is only raining.
Kelly
06 Mar 09
Originally posted by LundosYou really need to pull your head out, get off the bash Bush to the
Well, Mr. Bush inherited a projected ten-year surplus of $5,6 trillion and bequeaths a ten-year deficit of $6 trillion. In pursuit of his fiscal ambitions, Mr. Bush helped roll over or sweept aside longstanding rules and conventions designed to keep the deficit in check. Republicans and Congress pushed through his 2001 and 2003 tax cuts under a parliament man ...[text shortened]... resented by Mr. Bush with a political opportunity.
I cast blame where it lies, thank you.
point you cannot see the wrong someone else is doing! Bush and
the Congress, Republican and Democrats screwed the country it did
not start with Bush, and it most certainly not ending with him either!
Kelly
06 Mar 09
Originally posted by LundosI find it amazing and mind numbing that every time the those jerks
Bail outs can be bad for numerous reasons. So can a tax holiday for a year.
In Denmark we have something called a 'Frikort', which means that the first $6.000 you earn are tax free, which is generally transferred to help a little each month all year. Do you have something like that in the US? A better solution would be to give every worker a larger taxred ...[text shortened]... too much but enough to ensure it all is spent every month. That would keep the wheels going.
in Washington and it appears every other government around the
world want to stimulate the econmenist they give money back to the
people that are earning it! If allowing working poeple to keep their
money is a good things, WHY TAKE IT AWAY?
Kelly
07 Mar 09
Originally posted by Marinkatomb
I can see the logic of the bail outs. If the banks go down then everyones savings go with it, along with all their jobs too. I don't like the bail outs, not one little bit! But given a choice between paying higher taxes or the complete collapse of life as we know it, i have to think prudently. Personally i can't stand any of these SOB's, but while ...[text shortened]... wage though...hell i'd be lucky to get that atm thanks to their incompetence and greed! ðŸ˜