More zany ramblings from a lib FB frined

[MTSkiBum 1,625]

 

2. Bush's tax cuts for the rich will "cost" $80 billion this year, according to the CBO.

 

 

I calculated 340 billion per year on average from this site

 

http://www.tax.com/taxcom/taxblog.nsf/Permalink/CHAS-89LPZ9

 

 

 

Other sites are predicting that the Bush tax cuts are going to take a larger chunk in the future, and if the tax cuts are left in place it could cause an additional 4 trillion dollar loss in revenue in the next decade.

 

 

Although. I blame obama for continuing the tax cuts when he had a clear opportunity to get rid of them.

[Strike 5,846]

Because the banking crisis started in 2007 you imbecile and came to a complete head in September 2008 when W had to do a $700 billion bank bailout so our entire financial system didn't collapse. The stock market crashed shortly after that. I am not the one with a lack of knowledge of economics here.

 

Are you one of those people that actually believes our entire financial system was going to collapse if they didn't bail out the big banks? Even the ones that didn't want it?

[Recliner Pilot 61]

I calculated 340 billion per year on average from this site

 

http://www.tax.com/taxcom/taxblog.nsf/Permalink/CHAS-89LPZ9

 

 

 

Other sites are predicting that the Bush tax cuts are going to take a larger chunk in the future, and if the tax cuts are left in place it could cause an additional 4 trillion dollar loss in revenue in the next decade.

 

 

Although. I blame obama for continuing the tax cuts when he had a clear opportunity to get rid of them.

 

The $80 billion figure from the CBO was for the "rich". You blog accounts for all the Bush tax cuts. Let's ignore for a minute his assumption tax cuts have no impact on how people invest and spend their money, and just look athis raw numbers.

 

Deduct the CBO's $80 from his $340 and you are left with $260 Billion in tax cuts going to the middle class and the poor.

 

Nice link, thanks.

[Frank M 181]

You are facebook friends with Frank M?

 

Seriously, when do you ever see me say anything like that? Never.

[nikki2200 4]

Are you one of those people that actually believes our entire financial system was going to collapse if they didn't bail out the big banks? Even the ones that didn't want it?

 

I was re-iterating what bush said. I don't know if it was the truth our not but the situation was pretty focking bad.

[DankNuggs 305]

I was re-iterating what bush said. I don't know if it was the truth our not but the situation was pretty focking bad.

newsflash, it wasn't the truth, it was the mantra 'never let a crisis go to waste'

[nikki2200 4]

newsflash, it wasn't the truth, it was the mantra 'never let a crisis go to waste'

 

I don't really care. And that wasn't really my point. My point was to point out what an utter focking retard Sux is. hth

[Strike 5,846]

I was re-iterating what bush said. I don't know if it was the truth our not but the situation was pretty focking bad.

 

Instead of bailing out banks and corporations that had focked up worse than Mensa in an evolution thread, wouldn't it have been better to let them die and let mid level companies that were well managed reap the benefits of the new markets that opened up? Isn't this how our country is supposed to work? I actually read people posting at that time saying that if we didn't bail these companies out ALL ATM's would stop working. Seriously, are people really this stupid?

 

Of course the situation was pretty focking bad. So what? It needed a correction just like the housing market. Instead of letting that happen and then getting things moving again we've just prolonged the pain, or do you think things are much better now several years later?

[MTSkiBum 1,625]

Of course the situation was pretty focking bad. So what? It needed a correction just like the housing market. Instead of letting that happen and then getting things moving again we've just prolonged the pain, or do you think things are much better now several years later?

 

Corporations posted record profits in 2010.

[Strike 5,846]

Corporations posted record profits in 2010.

 

All of them? Not that there's any point to your comment either way. But I'd like you to be more specific since you're trying to pretend you're all smart and everything.

[SUXBNME 1,583]

Hey Sux, I was just listening to Michael Medved and he was talking about an article ( didn't catch the authors name) that was saying when debating a lib they will throw out 3 talking points on why the deficits are not Obama's fault:

 

1. Bush's wars.

2. Bush's tax cuts for the rich.

3. Bush bailing out the banks.

 

You friend hit two on the head. Not sure what Bush did for pharma, but whatever.

 

Here is the resonse he suggests:

 

1. The two wars started under Bush will cost $170 billion this year, according to the CBO.

 

2. Bush's tax cuts for the rich will "cost" $80 billion this year, according to the CBO.

 

3. The bank bailouts have been repaid.

 

So, if you put that $250 billion on Bush, there is still between $1.4-1.5 Trillion that falls on Obama. And this ignores the fact Obama promised to have us out of Iraq, so really all that cost is on him.

 

Obama is killing our financial future, and mental midgets like your FB friend and MDC are still trying to blame Bush.

The authors name is Kevin D. Williamson.

Here's a link to his article on this.

[Recliner Pilot 61]

The authors name is Kevin D. Williamson.

Here's a link to his article on this.

 

[Recliner Pilot 61]

Corporations posted record profits in 2010.

Corporations went out of business in 2010.

[SUXBNME 1,583]

Very good article, BTW

[SUXBNME 1,583]

I don't really care. And that wasn't really my point. My point was to point out what an utter focking retard Sux is. hth

You've never made a typo, huh?

 

Also, are batteries still electric?

[nikki2200 4]

Instead of bailing out banks and corporations that had focked up worse than Mensa in an evolution thread, wouldn't it have been better to let them die and let mid level companies that were well managed reap the benefits of the new markets that opened up? Isn't this how our country is supposed to work? I actually read people posting at that time saying that if we didn't bail these companies out ALL ATM's would stop working. Seriously, are people really this stupid?

 

Of course the situation was pretty focking bad. So what? It needed a correction just like the housing market. Instead of letting that happen and then getting things moving again we've just prolonged the pain, or do you think things are much better now several years later?

 

I honestly don't know strike. All I can say is personally I wouldn't want to bet our whole economy on it. In retrospect... the money has all been paid back. And we're still standing. If the banks did shut down that would have had major consequences. And while the little guys were figuring out how to fix everything, we would be in the middle of a depression. I'm assuming that there were much smarter people than me figuring it out and I don't see what the upside for bush lying about it is. Bush didn't exactly hide his emotions well and I got the feeling he was scared shitless. Like I said, I don't really know but I trend towards trusting the people who are supposed to know on this matter. And the banks learned their lessons, so there's little risk of that nonsense happening again.

[MTSkiBum 1,625]

All of them? Not that there's any point to your comment either way. But I'd like you to be more specific since you're trying to pretend you're all smart and everything.

 

You said that bailouts should not have been passed, and you implied that businesses were worse off because of the bailouts.

 

I was just pointing out that the banks and corporations are doing just fine.

 

Quarterly profits (reported at an annualized rate) rose from $1.18 trillion in the second quarter of 2009 to $1.42 trillion in the fourth quarter of 2009 to $1.64 trillion in the second quarter of 2010. In the second quarter of 2010, corporate profits were up 39.2 percent from the year-before quarter.

 

Corporate profits aren't just rising in absolute terms, they're rising in relative terms. Corporate profits as a percentage of GDP are back up to nearly record highs

 

http://www.newsweek.com/2010/08/31/ceo-crybabies.html

[Strike 5,846]

I honestly don't know strike. All I can say is personally I wouldn't want to bet our whole economy on it. In retrospect... the money has all been paid back. And we're still standing. If the banks did shut down that would have had major consequences. And while the little guys were figuring out how to fix everything, we would be in the middle of a depression. I'm assuming that there were much smarter people than me figuring it out and I don't see what the upside for bush lying about it is. Bush didn't exactly hide his emotions well and I got the feeling he was scared shitless. Like I said, I don't really know but I trend towards trusting the people who are supposed to know on this matter. And the banks learned their lessons, so there's little risk of that nonsense happening again.

 

Wow, you're sounding an awful lot like Peenie in this post. And I would have bet our whole economy on the fact that the financial system wouldn't have collapsed had they done nothing. Does it bother you at all that not one high level player has gone to prison for almost causing our entire financial system to collapse?

[nikki2200 4]

You've never made a typo, huh?

 

Also, are batteries still electric?

 

You are claiming that whole abomination was a typo? It wasn't a typo. The stock market began it's decline in October 2007. 13 months before Obama was elected president. And the crash in October 2008 was due to Bush's bank bailout and brewing mortgage crisis. Do you understand that yet?

[Strike 5,846]

You said that bailouts should not have been passed, and you implied that businesses were worse off because of the bailouts.

 

I was just pointing out that the banks and corporations are doing just fine.

 

 

 

http://www.newsweek.com/2010/08/31/ceo-crybabies.html

 

So when I suggested that things aren't that much better than a few years ago you thought I meant corporate profits? And no, I never implied that businesses were worse off because of the bailouts. You're suddenly not looking so smart......

[nikki2200 4]

Wow, you're sounding an awful lot like Peenie in this post. And I would have bet our whole economy on the fact that the financial system wouldn't have collapsed had they done nothing. Does it bother you at all that not one high level player has gone to prison for almost causing our entire financial system to collapse?

 

I guess I'm peenie then. I didn't do my own economic analysis on the banking situation at the time. So I have no idea. Why does it even matter at this point?

[Strike 5,846]

I guess I'm peenie then. I didn't do my own economic analysis on the banking situation at the time. So I have no idea. Why does it even matter at this point?

 

It matters to me because we're in massive debt as a result of idiotic policies and programs. I like to be informed so I can try to effect positive change so as to avoid or minimize similar situations in the future.

[MTSkiBum 1,625]

So when I suggested that things aren't that much better than a few years ago you thought I meant corporate profits? And no, I never implied that businesses were worse off because of the bailouts. You're suddenly not looking so smart......

 

Sorry, you are correct. I thought you were talking about the health of corporations, I must of misread your previous post. Probably because I am not that smart.

[Strike 5,846]

Sorry, you are correct. I must of misread your previous post. Probably because I am not that smart.

 

I figured. Have you ever thought of changing your name to ImmensaSkiBum?

[MTSkiBum 1,625]

I figured. Have you ever thought of changing your name to ImmensaSkiBum?

 

I will consider it.

[MedStudent 56]

The beginning of the fall, yes.

October 2007 is when it started, and yes, I am saying that it was mainly due to the speculation of Obummers upcomming presidency.

Holy shat! the dumbest post I have ever read.

[nikki2200 4]

Holy shat! the dumbest post I have ever read.

 

OMG Thank god someone else said something. I was sitting here literally with my mouth open in shock for a half an hour here.

 

Sux you know I love you but literally I think that is the dumbest thing you ever said.

[SUXBNME 1,583]

You are claiming that whole abomination was a typo? It wasn't a typo. The stock market began it's decline in October 2007. 13 months before Obama was elected president. And the crash in October 2008 was due to Bush's bank bailout and brewing mortgage crisis. Do you understand that yet?

Yes, nikki, that was when in started to decline. (oct.)

 

The peak of the DJIA was 14,164.53 in Oct. 2007.

Obama got the dems nod on June 3 2008

The bear marked was declared on June 27th, 2008 at 11346.31.

 

Here's a little graph for you that shows the declines and advances.

[SUXBNME 1,583]

Holy shat! the dumbest post I have ever read.

Naa...I've made dumber.

Also, I already admitted that I got my #'s screwed up when I posted it. I meant to say 2008 instead of 7.

[nikki2200 4]

Yes, nikki, that was when in started to decline. (oct.)

 

The peak of the DJIA was 14,164.53 in Oct. 2007.

Obama got the dems nod on June 3 2008

The bear marked was declared on June 27th, 2008 at 11346.31.

 

Here's a little graph for you that shows the declines and advances.

 

 

And you attribute that to Obama being nominated? Not the financial banking crisis that was in progress at the same time?

[SUXBNME 1,583]

And you attribute that to Obama being nominated? Not the financial banking crisis that was in progress at the same time?

I attribute alot of it to the speculation that Obama was going to make it much worse, yes.

I believe that I've even posted that here before the erection.

If I didn't have so many focking posts here, I could prolly find it for ya.

[nikki2200 4]

I attribute alot of it to the speculation that Obama was going to make it much worse, yes.

I believe that I've even posted that here before the erection.

If I didn't have so many focking posts here, I could prolly find it for ya.

 

Holy mother of god.

 

I have to leave this board for a while. I am not of the same planet.

[MedStudent 56]

I attribute alot of it to the speculation that Obama was going to make it much worse, yes.

I believe that I've even posted that here before the erection.

If I didn't have so many focking posts here, I could prolly find it for ya.

I'm just going to ignore any political posts you make from here on out. If you think Obama was responsible for the stock market because of his nomination as opposed to the current president at the time announcing we must bail out the banks to insure the viability of the system, then you just don't get it.

[SUXBNME 1,583]

And you attribute that to Obama being nominated? Not the financial banking crisis that was in progress at the same time?

Notice the dates of these articles.

 

Why Wall Street Fears Obama

 

An Obama panic?

 

Obama discount

 

Another pre - election opinion.

[SUXBNME 1,583]

I'm just going to ignore any political posts you make from here on out. If you think Obama was responsible for the stock market because of his nomination as opposed to the current president at the time announcing we must bail out the banks to insure the viability of the system, then you just don't get it.

Ignore away.

 

All I'm claiming is that he was definitely a factor. (A larger one imo.)

[DankNuggs 305]

Instead of bailing out banks and corporations that had focked up worse than Mensa in an evolution thread, wouldn't it have been better to let them die and let mid level companies that were well managed reap the benefits of the new markets that opened up? Isn't this how our country is supposed to work? I actually read people posting at that time saying that if we didn't bail these companies out ALL ATM's would stop working. Seriously, are people really this stupid?

 

Of course the situation was pretty focking bad. So what? It needed a correction just like the housing market. Instead of letting that happen and then getting things moving again we've just prolonged the pain, or do you think things are much better now several years later?

and BOOM goes the dynamite. Letting uncompetitve co's fail, and sound ones gobble them up is healthy, like corporate recycling, or like wilderness brush fires that pave the way for new growth.

[Recliner Pilot 61]

Ignore away.

 

All I'm claiming is that he was definitely a factor. (A larger one imo.)

 

 

Wear his ignoring you as a badge of honor. The idiot gets his economic positions from Joe The Moron at the NYTs, and Ezra "The Constiution is irelavent cuz it was written 100 years ago" whatshisname.

 

Some day he will get off daddy's dime and be in the real world. Whether or not he will be smart enough to figure out the real world is still up for debate.

[nikki2200 4]

Wear his ignoring you as a badge of honor. The idiot gets his economic positions from Joe The Moron at the NYTs, and Ezra "The Constiution is irelavent cuz it was written 100 years ago" whatshisname.

 

Some day he will get off daddy's dime and be in the real world. Whether or not he will be smart enough to figure out the real world is still up for debate.

 

 

So you agree that the decline in the US Stock Market from late 2007 to early 2009 was because Barack Obama was running for POTUS?

[Recliner Pilot 61]

So you agree that the decline in the US Stock Market from late 2007 to early 2009 was because Barack Obama was running for POTUS?

Huh?

[nikki2200 4]

Huh?

 

 

Eggsactly.......

 

You should read before you jump in with your nonsense.