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So, you think trickle down economics works? Is it magic that we can't see?
so everyone gets their own healthcare, yeah that will surely workout for everyone. Affordable healthcare act more like the laughable healthcare act
During his last few years in office Bush pleaded with Congress to reel in Freddie and Fannie. Every time Frank blocked it and when the dems took over in January 2007 they stopped listening to Bush altogether. At that time unemployment was less than 5% and the economy had grown for the last 4 and a half years, if memory serves. From 2007 to 2008 things quickly went downhill and Frank and Dodd blamed Bush, and the media, of course, helped them out.
As to ObamaCare I could say a plethora of things. Keeping it simple I'll just point out that Congress has made itself exempt from it exactly b/c they know that it's not preferable for most folks who work. So, I don't have to say a thing, Congress has said it for me.
South Carolina Gamecocks. The 2010 National College Baseball Champs.
What do you consider rich? Anyone who makes more than 250,000 dollars?
But it was growth........Same now, after Obama lost the majority in the House. Republicans win house, trickle down Job Growth......Works everytime.
That's an area where a legitimate debate can be had. I don't think someone making $250,000 in New York or San Francisco is rich, but someone living in a smaller city or town I would. Of course, the higher up you go to start considering someone rich, the less revenue it produces to help get the deficit in order. I'd probably say over $500,000 to make sure people in big cities don't get screwed.
But how do you raise taxes on 250,000 or 500,000 folks while keeping incentives for job creation? Anyone smart enough to be rich is smart enough to stay that way regardless if the government imposes a 75% tax burden. I know what I would do in that situation if I wanted to stay rich. What I would do would effect the economy in a negative way.
1996? I'm not sure but I'm not expecting another Dot.com bubble anytime soon to go along with a tax increase. Are you? Is Al Gore inventing another internet?
And in the 50's America had the advantages of cheap capital, cheap energy and the only intact advanced manufacturing base in the world. If you look at the tax code in the 50's there were also tons more in tax deductions that could wipe out a lot of that 90% number. Simply put, The 50's were just that. The 50's. Kennedy won election on lowering taxes. America had more built in advantages than China, Japan, Mexico, etc back then. Growth was as sure as snow in Dakota.
So ....what? How much does tax increases or cut effect true GDP growth? Serious question. Do you think letting the cuts roll off the books will increase growth enough to warrant the money the middle class will lose out on? Even the poor. Hell, a million people who file earned income credit will be effected. Bush's cuts made it easier for them to gain eligibility. But he only wanted to help rich oil tycoons......
I am rich because I have you guys. I love you all (lotta Dabo).
Where did you clearly state that? I might have overlooked that in here. If so, I apologize.
So you want across the board tax cuts gone on people who work week to week to afford to live? How very Neo-Conservative of you.
Interesting. I'll speculate.
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