To be fair, TOS sited numbers and examples. Care to do the same?I got news for you TAX Raises on the rich don't solve the problem either!!!
To be fair, TOS sited numbers and examples. Care to do the same?
Island,
lets look at the facts and not the hysteria, shall we?
Reagan cut the top 1% tax bracket 25% in order to create jobs. (FACT) When Reagan took office, Carter had an unemployment record of 1977-7.1% / 1978-6.1% / 1979-5.8% / 1980-7.1%, so the theory was to CUT taxes for the richest people in the country in order to create jobs. Ok, the trickle down theory was born.
But what happened in reality? Reagan after 1 year in office = 8.4%, Reagan after 2 years in office = 10.7%, Reagan after 3 years in office = 8.2%, Reagan after 4 years in office = 7.8%, Reagan after 5 years in office = 7.5%, Reagan after 6 years in office = 6.9%, Reagan after 7 years in office = 6.1%, Reagan in his final year = 5.8%.
Whats the difference between Jimmy Carters best unemployment record and Reagan with tax cuts??? ANSWER: nothing. Carters best was 5.8% the same as Reagan.
Following Reagan, BUSH 1 took that 5.8% in 4 years to 7.8%.
Combining both Reagan and Bush1 and you get WORSE than Carter.
Clinton RAISED taxes back to pre Reagan levels and in 8 years, reduced unemployment to 4% when he left office.!
BUSH2 cut those taxes back to Reagans level and unemployment went from 4% to 7.8 in 8 years mimicking the REAGAN/BUSH record.
Now Obama with his stimulus programs and bailouts of wall street and banks and auto companies took that 7.8 and rose to 10.2% in his second year, the unemployment began to stabilize and lower to 8.7% until the BUSH tax cuts were extended, and BLAM!
JUST LIKE THAT, unemployment rises again to 9.1%.
TAX CUTS for the rich just dont create jobs, thats a proven fact. It may be the rhetoric that the right wing uses to sell its followers who dont bother to reflect on the historical record, but its just not true.
Since the republicans took control of the house, gasoline has spiked and gone over 4 bucks a gallon, unemployment has risen and the stock market crashed.
What is it about republican leadershp has you convinced that they are the best ones to run the country given the historical record?
Peace.
TOS,
Shame on you. No hysteria on my part. You completely missed the major point. OBAMA had the power ,the entire Congress the total power to make whatever changes he decided would fix the problem. Raise tax, lower tax --WHATEVER !!!!
Obama ,like you--live in the past. I do not care about Reagon--he is dead---I do not care about Clinton --he is the past.
While we can learn from the past you cannot live there. Obama has done NOTHING to solve the economic problems. He can only blame Bush or Corporations or Banks or tea parties or Japan or the Republicans or Congress or Rush L. or bad luck or "things out of his control " ?????
Please you are smarter than this. Put the Kool aid down and look at reality.
The man has NO plan, Lets others make key decisions,lacks courage and relies only on pretty telepromter talks. I wanted Hope and Change. I got a professional,dishonest,promise breaking slick Chicago politician.
Many, many Democrats or Republicans easily could and would do a much better job.
STOP the blaming and complaining and DO something. Obama: "I will have a plan by Sept" ????????? LAME !!!!
Island,
So i take it you agree that cutting taxes doesnt work.
Peace.
Island,
So i take it you agree that cutting taxes doesnt work.
Peace.
So you think the price of eggs in China is too high?TOS,
From my post any clear thinking American would agree that Obama is incompetant. This thread was about blame.
If you work in a center or hub , District or Division that was totally out of control because of some incompetant manager--that Manager gets replaced and now three years later the Manager that has been in control blames the drivers, the hub workers, the union the Manager from three years ago ??????
If you must know my tax position , I am in favor of completely revamping the tax laws. Remove all deductions for Corporations ,rich, --in fact for everyone.
Lower the marginal tax rates for all ---to attack a trillion dollar plus underground economy a 2% national sales tax to only pay down the debt.Not on food or clothing only luxury items. Lower the Corporate tax rate to make America competetive --but no deductions.Corporations manufacturing and producing and processing out of the U.S --a heavy tax imposed. Corporations paying below the minimum wage or hiring and abusing illegals --massive fines for first offense-second offense --jail time !!
Passing a balanced budget amendment --spend only what you take in --like we do ---argue how to spend it ---but no government borrowing.
There would be much more I would do --but I am not President---What has OBAMA done ???
The stimulous should not have been for special interests groups and government workers. One trillion dollar tax holiday for all hard working Americans with the extra cash in your paycheck spread all across the economy would have had an extremely positive effect.
But again --back to main point I am not the President.
If Obama believed the Bush tax cuts were bad and raising taxes would work ---do it. As a newly elected President with the public momentum and the Democrat House and Senate HE COULD HAVE RAISED TAXES !!!!!
He does nothing but BLAME and Complain. He is incompetant. If he were in a private business such as UPS --He would be replaced for lack of planning, lack of problem solving, incompetance,lack of results and lowering the morale of the people,not doing what he said he would do, delegating his decisions to incompetant people, lack of leadership skills --an empty suit . Hope I was clear enough.
TOS,
From my post
any clear thinking American would agree that Obama is incompetant. This thread was about blame. If Obama
believed the Bush tax cuts were bad and raising taxes would work ---do it. As a
newly elected President with the public momentum and the Democrat House and
Senate HE COULD HAVE RAISED TAXES !!!!!
He does nothing but BLAME and Complain. .
Again, with the lack of understanding!!! I'm so sorry, Island, that you don't and possibly can't understand the astute & brilliant TOS.
I am also sorry, Trp, Baba, and others that you are incapable of understanding TOS either.
We are all at a loss not being able to understand TOS.......except for Special K.
Its not really that any of you dont understand reality, its just that you dont WANT to accept reality. Forgeting about BUSH and the damage done to this country is to not recognize how extensive the damage really was. A republican campaign of telling its followers to urge everyone else to "move on" and forget about BUSH is exactly the problem with todays republican voters.
They fall for the same old ideas about trickle down economics, abortion, heathcare, immigration and tax cuts for the rich.
All these concepts are PROVEN failures.
Abortion? Still the law of the land. Republicans only care about it every 4 years.
Economics? Still convincing its voters that rich people create jobs! Even though the unemployment history of tax cuts shows otherwise.
Healthcare? The republicans have done everything in every state to get the burden of health care off the employers and onto the backs of the employees. They would prefer no one had health care, and if they did, it should come out of the paychecks of employees while taking a pay cut. (a double hit)
Immigration? There are plenty of corporations across this country using illegals. There are plenty of small businesses using illegals. But where is the republican outrage in each state? Why do they wait till an election to get something done? They confuse the issue with immigration by suggesting that our borders are the key to controlling immigration knowing full well our immigration problem stems from overstayed visas and legal crossings.
The same game, different names, same outcome.
Peace.
......."Why do they wait till an election to get something done? ................"(TOS)
The same reason Obama has let the fraud that he says exists in medicare & medicaid and welfare to continue for almost 3 years.
The same reason he has a plan for jobs (he says) but isn't showing anyone for weeks.....
Obama does everything like a magic show with a big reveal and it all campaigning!!
Obama is releasing the plan when CONGRESS returns to work. Is that hard to grasp?
Peace.