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

[Denny Crane]

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...

Gazillion indicates a very large number. I leave how large to your imagination.

 

[bodyman5000 and 1]

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...

I don't want a wall. There's no need if we do what needs to be done. No jobs or welfare, they won't come.

Besides, if there's a wall and we need to evacuate south we're fucked. I wonder how much the wall would cost with turnstiles built in that let us go south.

Oh and gazillion, already posted this. It's pretty obvious.

https://en.m.wikipedia.org/wiki/Logical_extreme

 

[riverman]

Gazillion indicates a very large number. I leave how large to your imagination.

you accuse dviss of meaningless statistics.....that's how large your imagination must be then.....which is my point...we all dodged a bullet after 9/11 that required debt.....we're paying that debt and that debt is quite a bit of leverage with the Chinese whether recognized at not....the US has a long history of forgiving foreign debt and the Chinese economy is directly tied to the American consumer....they're not cashing in those chips anytime soon.....unless Trump declares war on China....fingers crossed that that never happens

 

[riverman]

so gazillion is a word I actually like to use, but honestly....it's a fake word

 

[Denny Crane]

you accuse dviss of meaningless statistics.....that's how large your imagination must be then.....which is my point...we all dodged a bullet after 9/11 that required debt.....we're paying that debt and that debt is quite a bit of leverage with the Chinese whether recognized at not....the US has a long history of forgiving foreign debt and the Chinese economy is directly tied to the American consumer....they're not cashing in those chips anytime soon.....unless Trump declares war on China....fingers crossed that that never happens

We dodged no bullet.

We just spent a lot of money.

In fact, if we didn't spend all that money, it's likely we'd have had a much stronger and faster recovery and far less debt.

Obamanomics in one graph.

 

[riverman]

In fact, if we didn't spend all that money, it's likely we'd have had a much stronger and faster recovery and far less debt

sure....I'm sure you believe this....I certainly don't

 

[riverman]

We dodged no bullet.

We just spent a lot of money.

In fact, if we didn't spend all that money, it's likely we'd have had a much stronger and faster recovery and far less debt.

Obamanomics in one graph.

really? a foodstamp graph? we could actually sell that plastic welfare cheese and those dried beans?

 

[Denny Crane]

sure....I'm sure you believe this....I certainly don't

Lots of economists believe it.

http://www.npr.org/templates/story/story.php?storyId=95224933

Since the Bush administration proposed the bailout this month, more than 200 economists have signed a petition opposing it.

 

[Denny Crane]

really? a foodstamp graph? we could actually sell that plastic welfare cheese and those dried beans?

That many people only needed foodstamps because Obamanomics was a failure.

 

[riverman]

 

[dviss1]

What a meaningless statistic. And misuse of statistics in general.

If we increase deficits by a gazillion dollars and cut them by 3/4th, we're still 1/4 of a gazillion dollars in deficit. That's a shitload of money down the toilet.

You're confusing the debt and deficit. They are two different things.

 

[dviss1]

That many people only needed foodstamps because Obamanomics was a failure.

This is some of the dumbest shit ever. Bush drove our economy down the toilet, foodstamps (that create ECONOMIC STIMULUS) were the symptom of Bush's failures and then folk like you wanna blame Obama for it.

Newsflash:

Foodstamps are a DROP IN THE BUCKET compared to what we spend on war and cutting them won't make a dent in balancing the budget.

You.

Already.

Know.

This.

 

[dviss1]

I don't want a wall. There's no need if we do what needs to be done. No jobs or welfare, they won't come.

Besides, if there's a wall and we need to evacuate south we're fucked. I wonder how much the wall would cost with turnstiles built in that let us go south.

Oh and gazillion, already posted this. It's pretty obvious.

https://en.m.wikipedia.org/wiki/Logical_extreme

They don't come here for welfare and the BULLSHIT is saying that they are eligiblie for it and get it.

YOU MUST BE A CITIZEN TO QUALIFY....

I'm so tired of this bullshit rhetoric that Illegals are using welfare.

 

[SlyPokerDog]

YOU MUST BE A CITIZEN TO QUALIFY....

or be here legally.

 

[bodyman5000 and 1]

They don't come here for welfare and the BULLSHIT is saying that they are eligiblie for it and get it.

YOU MUST BE A CITIZEN TO QUALIFY....

I'm so tired of this bullshit rhetoric that Illegals are using welfare.

Oh, right. Just their kids. I'm sure mom and dad work and the kids buy video games with the welfare money. It says it in your fucking link.

Illegals just keep my wages lower than they should be. They take jobs away from other groups completely. Doesn't bother me as much as it should you.

 

[dviss1]

Oh, right. Just their kids. I'm sure mom and dad work and the kids buy video games with the welfare money. It says it in your fucking link.

Illegals just keep my wages lower than they should be. They take jobs away from other groups completely. Doesn't bother me as much as it should you.

Latinos are the hardest working people in this country. There's NOT ONE job that they've taken from you or me. Picking beans and cutting Christmas trees is back breaking work.

Get your mind right.

 

[Denny Crane]

You're confusing the debt and deficit. They are two different things.

Debt is the sum of deficits. I confused nothing. The sum is what you ignore in your meaningless stat.

To use a metaphor: closing the gate after the horse ran away.

$400B -> $1T, $1T, $1T, $1T, $1T, $1T, $1T, and then $250B isn't a great record. You ignore all those $1T spent.

 

[Denny Crane]

This is some of the dumbest shit ever. Bush drove our economy down the toilet, foodstamps (that create ECONOMIC STIMULUS) were the symptom of Bush's failures and then folk like you wanna blame Obama for it.

Newsflash:

Foodstamps are a DROP IN THE BUCKET compared to what we spend on war and cutting them won't make a dent in balancing the budget.

You.

Already.

Know.

This.

Food stamps are an indication that people aren't succeeding in Obama's economy. Regardless of their dollar cost. The real cost is a generation of people with nearly a decade of lost earnings, subpar jobs, inability to afford housing. And inability to even afford food.

Thanks Obama!

 

[dviss1]

Food stamps are an indication that people aren't succeeding in Obama's economy. Regardless of their dollar cost. The real cost is a generation of people with nearly a decade of lost earnings, subpar jobs, inability to afford housing. And inability to even afford food.

Thanks Obama!

No, thanks Bush.

 

[andalusian]

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.

My opinion is that Obama's strategy was great given the situation at hand - but if anyone thinks we are done and fixed - they are pretty crazy - he bought us time to fix things - and the way to do it is by investing where it matters going forward to get out of the problem - infrastructure and things that work given the modern world.

The alternative of letting everything fail would have very likely bought us the same stagnation and loss of position that Japan faced.

I do not think your analogy really makes sense here - when someone is obese to the point that his arteries clog and the heart fails - the bypass surgery is required but it will come to nothing if this person does not work on his conditioning after that. The recovery-act was a bypass surgery. It got us forward - but it certainly did not fix everything that happened there.

 

[Denny Crane]

No, thanks Bush.

No, thanks Obama.

His policies created a "new normal" of much slower economic growth than historically, a sustained lowering of the median household income (that's REALLY a big deal), and we still haven't recovered from his mess.

Math: $56.6K is less than the $57.4K the year before the crash. Still haven't recovered.

 

[Denny Crane]

My opinion is that Obama's strategy was great given the situation at hand - but if anyone thinks we are done and fixed - they are pretty crazy - he bought us time to fix things - and the way to do it is by investing where it matters going forward to get out of the problem - infrastructure and things that work given the modern world.

The alternative of letting everything fail would have very likely bought us the same stagnation and loss of position that Japan faced.

I do not think your analogy really makes sense here - when someone is obese to the point that his arteries clog and the heart fails - the bypass surgery is required but it will come to nothing if this person does not work on his conditioning after that. The recovery-act was a bypass surgery. It got us forward - but it certainly did not fix everything that happened there.

Republicans/Bush passed the largest spending bill in history, just prior to the crash. A massive infrastructure (highway) bill.

My analogy is fine. We're saddled with debt and not much to show for all that spending.

The cost of paying the interest on all that debt would buy $400B worth of infrastructure EACH year. And that amount is at a ridiculously low interest rate. If the rates double from 1.25% to 2.5% (which is way below the historical norm), that $400B becomes $800B. Ow, ow, ow, ow, ow! Hurts.

Think about this. Obama spent half of TARP and another $800B. Bailed out banks, while many many mortgages and homes were underwater. Massive loss to the aggregate wealth of main street Americans. Why was it smart to give the money to the banks so they could buy the other banks? Why wouldn't it be smarter to pay down much of those underwater mortgages which would have: a) restored main street's wealth, and b) the same money ends up in the banks.

I've already posted how 200 economists disagreed with the bailouts and Obama's agenda. It wasn't as dire as it was made out to be.

 

[SlyPokerDog]

We should send our debt to Guam and ask North Korea to blow it up.

 

[bodyman5000 and 1]

Latinos are the hardest working people in this country. There's NOT ONE job that they've taken from you or me. Picking beans and cutting Christmas trees is back breaking work.

Get your mind right.

I work with them. You should probably quit speaking in stereotypes if you don't want me to do the same thing.

I feel sorry for libbos that live in Portland and don't see the real world.

I can take a video for you tomorrow morning and show you the 100 Percent Latino workforce that is building the homes next to me. I see them every morning and will for the next few months or so.

I actually talk to my Latino co-workers. Some are Reagan amnesties. Some are legal, some are illegal with fake documents. I don't know why they would lie about it.

Your mind doesn't have the first clue what they do. Telling others to get their mind right when you are 100 percent wrong is laughable at best.

 

[bodyman5000 and 1]

We should send our debt to Guam and ask North Korea to blow it up.

Take Antifa and the KKK too.

 

[Denny Crane]

Unemployment in 1999 was 4.1%
Unemployment today is 4.3%

The population in 1999 was 279M
The population today is 326.5M

So the population grew by ~$50M and there are plenty of jobs. I don't see how that population growth, if it were entirely "illegal" immigrants, would negatively affect employment (4.3% is historically very low). The influx of immigrants clearly hasn't had this negative effect.

If these immigrants are driving down wages by being willing to take less pay, then you might want to look at why.

1. They can't complain to the authorities about being paid sub minimum wage
2. They can be threatened with being turned in if they don't take low wages

Make the playing field level and everything would be fine.

 

[bodyman5000 and 1]

Unemployment in 1999 was 4.1%
Unemployment today is 4.3%

The population in 1999 was 279M
The population today is 326.5M

So the population grew by ~$50M and there are plenty of jobs. I don't see how that population growth, if it were entirely "illegal" immigrants, would negatively affect employment (4.3% is historically very low). The influx of immigrants clearly hasn't had this negative effect.

If these immigrants are driving down wages by being willing to take less pay, then you might want to look at why.

1. They can't complain to the authorities about being paid sub minimum wage
2. They can be threatened with being turned in if they don't take low wages

Make the playing field level and everything would be fine.

How many Starbucks were there in 1999?

Service jobs everywhere.

https://www.cnbc.com/2017/05/05/heres-the-real-unemployment-rate.html

 

[bodyman5000 and 1]

I could go grocery shopping on the first in 1999 and not be overwhelmed with welfare people clogging up the store. One of the checkers at WinCo told me if the first falls on or right before a weekend all the checkers have to work.

 

[riverman]

Food stamps are an indication that people aren't succeeding in Obama's economy. Regardless of their dollar cost. The real cost is a generation of people with nearly a decade of lost earnings, subpar jobs, inability to afford housing. And inability to even afford food.

Thanks Obama!

foodstamps are really popular with college students trying to eat while carrying a full time load and student loans.......and with ridiculous rent escalations in places like California...helped a lot of single moms out....but we should really be spending that money on more weapons!! ....what's a malnourished engineering student anyway?

 

[dviss1]

No, thanks Obama.

His policies created a "new normal" of much slower economic growth than historically, a sustained lowering of the median household income (that's REALLY a big deal), and we still haven't recovered from his mess.

Math: $56.6K is less than the $57.4K the year before the crash. Still haven't recovered.

Ohhh the recovery wasn't fast enough. We didn't grow like we were supposed to...