Politics STEVE BANNON PUSHING FOR 44 PERCENT MARGINAL TAX RATE ON THE VERY RICH

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Denny Crane said:
Obama's economic policies were one of those catastrophes.
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To be fair, I think the Democrat Congress set stage for the Obama catastrophe.
It was about 2004 when my daughter and her husband had just bought a new home in Raleigh NC. They were telling me about how the prices when up about 30 35 thousand as each street of new homes were completed and sold. The banks were handing out this money as if there were no basis for the value of a dollar. FHA ready loans which the banks sold within six months of closing the deal with the buyers. Of coarse theses loans were the bundled and resold as some sort of paper.

15 years before I was still working with the Fed to get enough info from the Banks daily federal reserve report to keep inflation in the box. I couldn't quite grasp how this system worked any longer.
It didn't, the problem was way larger, due to the largess of the Democrats wanting a house for everyone.
 
Denny Crane said:
Innuendo isn't proof.
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OT forums aren't courts of law...they're pubs of opinion....my metaphor is as good as yours any day Denny.....and as it stands, I have serious reservations about the direction of the white house.....unlike any administration before...you want proof.....Trump will give it to you really soon...probably a couple of weeks...that's his aikido response.....surely somebody is comforted in the culture of our administration...I'm just not one of those folks.
 
MarAzul said:
To be fair, I think the Democrat Congress set stage for the Obama catastrophe.
It was about 2004 when my daughter and her husband had just bought a new home in Raleigh NC. They were telling me about how the prices when up about 30 35 thousand as each street of new homes were completed and sold. The banks were handing out this money as if there were no basis for the value of a dollar. FHA ready loans which the banks sold within six months of closing the deal with the buyers. Of coarse theses loans were the bundled and resold as some sort of paper.

15 years before I was still working with the Fed to get enough info from the Banks daily federal reserve report to keep inflation in the box. I couldn't quite grasp how this system worked any longer.
It didn't, the problem was way larger, due to the largess of the Democrats wanting a house for everyone.
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It's good to agree with you....been awhile
 
riverman said:
Every president should need republicans....they work for America, not the party...this is my beef with the GOP...they are very party first, America second. Democrats seem to have gotten lazy and definitely mailed in the last election, to their own demise
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Obama and Reid and Pelosi didn't even talk to republicans the whole time they controlled the three branches. Seriously.

Harry Reid wrote ObamaCare locked away in his office. Pelosi told everyone they had to pass the bill to know what is in it. Obama was made into the liar of the year (you can keep your doctor) because he didn't even know what was in it.

Democrats didn't mail it in. They just switched over to vote Trump in states that counted (PA, MI, WI, OH, FLA, etc.)
 
riverman said:
OT forums aren't courts of law...they're pubs of opinion....my metaphor is as good as yours any day Denny.....and as it stands, I have serious reservations about the direction of the white house.....unlike any administration before...you want proof.....Trump will give it to you really soon...probably a couple of weeks...that's his aikido response.....surely somebody is comforted in the culture of our administration...I'm just not one of those folks.
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I want proof of the so-called crimes our leaders are accused of. Let's lock them up, like Hillary should be.

But without even a 3rd rate burglary, there isn't even any crime at all that I can see.

Half the country didn't like the direction of the white house the previous 8 years. Even more than half thought the country was heading in the wrong direction.

70% under Obama, said wrong direction. As low as 50% under Trump. Something is going right.
 
Denny Crane said:
Foxconn, the Taiwanese manufacturer that makes electronics for Apple and other tech companies, is coming to Wisconsin.

The firm will invest $10 billion in Wisconsin to build a new manufacturing plant that produces LCD panels. The project will create 13,000 new jobs and should be completed by 2020, according to Wisconsin Gov. Scott Walker.

Foxconn's estimate on jobs was more conservative. In a statement, the company said the project will create 3,000 jobs with the "potential" to generate up to 13,000 new jobs.

(good jobs, too)
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Seems like the kind of shenanigans a libertarian would frown on...
 
The market that does so well now is a by-product of Obama's willingness to spend, there is no two ways about it.

There were 2 options going forward given the financial disaster Obama got in 2008 - cut all spending and go dark like the Japanese did in 1991 - let the over-leveraged firms fend for themselves - this lead to the Japanese lost decade (which really should be renamed the Japanese lost score) or spend to rebuild by bailing out the firms that provided jobs - which is what Obama did.

Anyone that is happy about the market today - can not be unhappy about the choice of investment instead of stagnation - we have recent history (in economic terms) to show us the difference between choosing to invest in yourself to get yourself out of a crisis (The US in 2008) or choosing to go the other way around (Japan, 1991).

I am not saying that the recovery is cost-free - the US will be paying for it for a long time - but it seems to be in a place where it can probably pay it if it is smart about where it invests going forward (infrastructure instead of war, for example) - where jobs, the economy and the market would have likely been at a much worse place if this investment was not made.
 
andalusian said:
The market that does so well now is a by-product of Obama's willingness to spend, there is no two ways about it.

There were 2 options going forward given the financial disaster Obama got in 2008 - cut all spending and go dark like the Japanese did in 1991 - let the over-leveraged firms fend for themselves - this lead to the Japanese lost decade (which really should be renamed the Japanese lost score) or spend to rebuild by bailing out the firms that provided jobs - which is what Obama did.

Anyone that is happy about the market today - can not be unhappy about the choice of investment instead of stagnation - we have recent history (in economic terms) to show us the difference between choosing to invest in yourself to get yourself out of a crisis (The US in 2008) or choosing to go the other way around (Japan, 1991).

I am not saying that the recovery is cost-free - the US will be paying for it for a long time - but it seems to be in a place where it can probably pay it if it is smart about where it invests going forward (infrastructure instead of war, for example) - where jobs, the economy and the market would have likely been at a much worse place if this investment was not made.
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Please remember when the republicans took the Recover Act and stripped out a bunch of infrastructure and turned those into tax breaks.
 
Jade Falcon said:
Not to mention a $170K car and a wife who's under Federal Investigation.

What a great socialist he turned out to be....
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http://www.snopes.com/bernie-sanders-audi-8/

Hehe, Trump fans love re-hashing the same falsehoods when it comes to Bernie. Get new material.

Bernie has a house in Vermont, A lake house in Vermont and condo in DC. He probably bought his first house before your parents were born and has equity out his ears.

Any new info on the wifey?
 
MickZagger said:
http://www.snopes.com/bernie-sanders-audi-8/

Hehe, Trump fans love re-hashing the same falsehoods when it comes to Bernie. Get new material.

Bernie has a house in Vermont, A lake house in Vermont and condo in DC. He probably bought his first house before your parents were born and has equity out his ears.

Any new info on the wifey?
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So you admit that he's rich....and we all know he hates rich people.

Sounds like he's a hypocrite to me. But personally, I always knew he was just the same ol' greedy politician that Washington is full of.
 
Jade Falcon said:
So you admit that he's rich....and we all know he hates rich people.

Sounds like he's a hypocrite to me. But personally, I always knew he was just the same ol' greedy politician that Washington is full of.
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Bill Gates and Warren Buffett are both rich people who have a clue.

Being rich isn't a bad thing.
 
MickZagger said:
Bill Gates and Warren Buffett are both rich people who have a clue.

Being rich isn't a bad thing.
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I know. I'll remember this the next time I hear of someone complaining about Trump's wealth.
 
Jade Falcon said:
I know. I'll remember this the next time I hear of someone complaining about Trump's wealth.
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I don't think people bitch about his wealth much. I think a lot of people know he's a shady business man who succeeded off a "small little loan" of a million dollars in the early 70's.

What I think bothers people more than all that stuff though is the fact that he is a boob who has absolutely no place being anywhere near the oval office.
 
MickZagger said:
I don't think people bitch about his wealth much. I think a lot of people know he's a shady business man who succeeded off a "small little loan" of a million dollars in the early 70's.

What I think bothers people more than all that stuff though is the fact that he is a boob who has absolutely no place being anywhere near the oval office.
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Fair enough. I certainly don't agree with everything he's done or said, but if we had the same election again tomorrow, I'd vote for him again.

Otherwise, the other alternative is not voting at all, which I don't personally condone.
 
MickZagger said:


But, but, but he has 3 houses...
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I agree with much of what he says. Tax billionaires back to just being multi millionaires for all I care.

However, dude got jobbed by the DNC. They are no better than the Republicans in any way shape or form. We've had Democrats in control for a lot of my life and there were still rich people fucking us over then.
 
Rastapopoulos said:

Seems like the kind of shenanigans a libertarian would frown on...
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Sounds like the kind of thing you would ridicule even if it's against your interests. 13,000 jobs means 13,000 families won't need those Obama food stamps.

You think a libertarian cares about the state recouping money it shouldn't tax in the first place? Maybe you need to get a better understanding of the philosophy.
 
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andalusian said:
The market that does so well now is a by-product of Obama's willingness to spend, there is no two ways about it.

There were 2 options going forward given the financial disaster Obama got in 2008 - cut all spending and go dark like the Japanese did in 1991 - let the over-leveraged firms fend for themselves - this lead to the Japanese lost decade (which really should be renamed the Japanese lost score) or spend to rebuild by bailing out the firms that provided jobs - which is what Obama did.

Anyone that is happy about the market today - can not be unhappy about the choice of investment instead of stagnation - we have recent history (in economic terms) to show us the difference between choosing to invest in yourself to get yourself out of a crisis (The US in 2008) or choosing to go the other way around (Japan, 1991).

I am not saying that the recovery is cost-free - the US will be paying for it for a long time - but it seems to be in a place where it can probably pay it if it is smart about where it invests going forward (infrastructure instead of war, for example) - where jobs, the economy and the market would have likely been at a much worse place if this investment was not made.
Click to expand...

The market that does so well is indeed a by-product of Obama's willingness to spend us into debt oblivion.

The Fed, in order to keep our debt interest payments low on all that we owe, cut interest rates so low that the only place to save money and beat inflation was the stock market. Why keep money in a savings account at .5% interest?

Obama's spending and the fed printing money only masked how bad things were. If you have a $1T economy and borrow $1T on top of that, you have a $2T economy and that $2T is no real measure of our success. The $1T is the true measure. And by that measure, Obama's economy was downright terrible.

If Obama's strategy is so great, everyone should go out and charge up their charge cards to the max, buying insurance and food and cell phones. Let's see what that gets you after a while.
 
dviss1 said:
Obama cut the deficit by 2/3rds.

Bush's deficit. You know, the guy you voted for...
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Obama's deficits added up to $7.5T over 8 years.

W's deficits added up to $3T over his 8 years.

Thank goodness Obama cut his deficits.
 
Jade Falcon said:
So you admit that he's rich....and we all know he hates rich people.

Sounds like he's a hypocrite to me. But personally, I always knew he was just the same ol' greedy politician that Washington is full of.
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You're smarter than this.
 
bodyman5000 and 1 said:
Correctly
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gazillion....sure....get back to me on how correct that is....if eliminate 70 percent of a deficit, the obvious answer to you then would be that's a bad thing? Now building a wall on the border.....that's flushing money down the toilet...without post 9/11 Katrina bailouts....there might not be a toilet to flush money down...
 
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