State of the economy

[RIJIMMY]

Originally Posted by spence

No, I think they'd say the 1% will do fine regardless...but the key to sustainable growth is establishing a good convection that benefits all Americans.

-spence

no, dont try that. You said - "You did see all the companies reporting favorable earnings today didn't you? The stock market is cranking..."
Right? That wouldnt happen "regardless" the market could be tanking.
The market has improved and has benefited the 1%. if you're attributing an up market to Obama, then his admin is benefitting the 1%. I think there is plenty of data out there to back up the statment that most of america is struggling.

[spence]

Originally Posted by RIJIMMY

no, dont try that. You said - "You did see all the companies reporting favorable earnings today didn't you? The stock market is cranking..."
Right? That wouldnt happen "regardless" the market could be tanking.
The market has improved and has benefited the 1%. if you're attributing an up market to Obama, then his admin is benefitting the 1%. I think there is plenty of data out there to back up the statment that most of america is struggling.

Dude, Obama has proposed raising taxes on the 1% to help the country...because he knows they'll still be doing fine regardless.

No, don't try that.

-spence

[scottw]

Originally Posted by spence

Dude, Obama has proposed raising taxes on the 1% to help the country...-spence

raising taxes on 1% won't help the country

[justplugit]

Originally Posted by scottw

raising taxes on 1% won't help the country

Your right, the only thing it would help is Obama's spending polocies.

[Jim in CT]

Originally Posted by spence

Dude, Obama has proposed raising taxes on the 1% to help the country...

Spence, please tell me how tax hikes that might generate $90 billion a year, help the country, when we are still spending $1 trillion + more than we take in.

Obama cannot stop talking about tax hikes that migt generate $90 billion a year. Our debt is $16 trillion. If you ignore interest, and assume we can put that $90 billion toward the debt (which we can't because of $1 trillio annual deficits), it will take just about 200 years to pay down the debt. And of course, that all ignores the additional $40 trillion we need to shore up SS and Medicare.

So Spence, tell me why $90 billion has any significant impact, why is it even worth mentioning.

I agree the top 1% won't go broke if we take more from them. But it won't put any measurable dent in our situation. If we could fix things by tweaking tax rates on the uber-rich, I'd be in favor. But it's pure bullsh*t, designed to get thoughtless lemmings on the left side fired up about class warfare. Obama spends a huge amount of time and effort talking about something that is mathematically menaingless.

You should know better Spence.

[scottw]

Originally Posted by Jim in CT

Spence, please tell me how tax hikes that might generate $90 billion a year, help the country, when we are still spending $1 trillion + more than we take in. convection

Obama cannot stop talking about tax hikes that migt generate $90 billion a year. Our debt is $16 trillion. If you ignore interest, and assume we can put that $90 billion toward the debt (which we can't because of $1 trillio annual deficits), it will take just about 200 years to pay down the debt. And of course, that all ignores the additional $40 trillion we need to shore up SS and Medicare.

So Spence, tell me why $90 billion has any significant impact, why is it even worth mentioning. good convection

I agree the top 1% won't go broke if we take more from them. But it won't put any measurable dent in our situation. If we could fix things by tweaking tax rates on the uber-rich, I'd be in favor. But it's pure bullsh*t, designed to get thoughtless lemmings on the left side fired up about class warfare. Obama spends a huge amount of time and effort talking about something that is mathematically menaingless.

You should know better Spence.

convection...I think Spence was cooking dinner tonight and as he put the Chicken Pot Pie into the oven he had a stroke of "genius"...

the 1% is just for starters, after that we go to work on the other 99%...it's not the spending or the size government that's the problem, it's the unfair and unreasonable amount of money that people earn that the government allows them to keep which could be better used by the government to establish a good convection that benefits all Americans

this is so easy.....

[Fishpart]

Originally Posted by scottw

the 1% is just for starters, after that we go to work on the other 99%...it's not the spending or the size government that's the problem, it's the unfair and unreasonable amount of money that people earn that the government allows them to keep which could be better used by the government to establish a good convection that benefits all Americans

this is so easy.....

Get the sheeple believing that taxes are all right, gvt will cure all our ills... Watch our money go overseas to the real 99% while the 1% here in the USA PAY UP 2016 Obamas America

We already funded Petrobas (who by the way is backed by Soros) to drill offshore while blocking drilling in the Gulf of Mexico.. Its not about energy, its about moving money around the globe.