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Questions for libs

Sandhusker

Well-known member
Read the story and then there three questions following (just like in reading classes in grade school).

Fox News cameras were there and captured the conversation (which is now all over the Web) between a self-employed plumber named Joe Wurzelbacher and Obama.

More taxes?

Wurzelbacher explained that by working hard (10-12 hours a day) he was in a position to buy a business. If he bought a truck and expanded the business, he wondered if his success would be greeted by a penalty in the form of higher taxes.

“Your new tax plan is going to tax me more, isn’t it?” Wurzlebacher asked.

“It’s not that I want to punish your success,” Obama explained. “I just want to make sure that everybody who is behind you, that they’ve got a chance for success too. My attitude is that if the economy’s good for folks from the bottom up, it’s gonna be good for everybody … I think when you spread the wealth around, it’s good for everybody.”

1) Mr. Wurzlebacher is a success because he started a business and worked hard. How does Obama propose "everybody who is behind you" to acheive success themselves?

2) When he talks of spreading the wealth, who's wealth is he spreading and to whom is he spreading it to?

3) Who would approve of this action from the government most; Thomas Jefferson or Karl Marx?
 

mytfarms

Well-known member
Mmmmmmmm...... Sounds like Obama read Karl Marx's Communist Manifesto. In fact, they share some VERY similar ideas, minus the fact that Karl was poorer than dirt because he would ONLY accept intellectual jobs during Industrial England. Doesn't seem that way today.... Well, it won't be after Obama gets elected. I'll be able to sit at home, get my school paid for by the government, and get wealthy off of someone else. Of course, he supports the public school system. I didn't become a conservative who has been taught strong family values from going to public school, I'll tell you that. Good grades and using your brain come from homeschool. :shock:
 

VanC

Well-known member
This brings up what scares me the most about Obama's tax plan. My wife and I are well below the $250,000 income figure so we are supposed to get a tax break. That's good. However, we both work for small businesses that will be hurt by that same plan. That's not so good. There are millions in the same boat. What good will a tax break do us if our employers go under or are forced to lay us off?
 

Vision

Well-known member
What this means is that if a pipe breaks in your home and need a plumber, he will have to raise his prices to cover it. Hello inflation.

My gawd the people who buy into this class envy crap dont realize for a moment that they are waging economic war against themselves.
 

Yanuck

Well-known member
VanC said:
This brings up what scares me the most about Obama's tax plan. My wife and I are well below the $250,000 income figure so we are supposed to get a tax break. That's good. However, we both work for small businesses that will be hurt by that same plan. That's not so good. There are millions in the same boat. What good will a tax break do us if our employers go under or are forced to lay us off?

VanC...those are minor details, you're not looking at the big picture where Obama/Biden are gonna save us all with CHANGE!!!!!!!! ask fff...she'll tell ya how good its gonna be!! :shock: :gag: :gag: :help: :help: :help:
 

mytfarms

Well-known member
Yanuck, due to them there smileys, I'd say you'd be a little worried about the Obama/Biden ticket getting into Washington??? :wink:
 

Yanuck

Well-known member
mytfarms said:
Yanuck, due to them there smileys, I'd say you'd be a little worried about the Obama/Biden ticket getting into Washington??? :wink:

Not worried at all, mytfarms, but there's no puking/BS smileys to use, its something us public shoolers call sarcasm! :wink:
 

Sandhusker

Well-known member
Bump back to the libs. Don't want to talk about your savior fast-tracking Socialism into this country? Want to keep your eyes, ears, and mouth covered?
 

Vision

Well-known member
Vision said:
What this means is that if a pipe breaks in your home and need a plumber, he will have to raise his prices to cover it. Hello inflation.

My gawd the people who buy into this class envy crap dont realize for a moment that they are waging economic war against themselves.

Maybe OT and FFF and the gang can start a new group:

"Obama supporters for inflation - keeping the poor and middle class in check so that increase in the minimum wage does them no good."
 
A

Anonymous

Guest
Lets see with Bush/Paulsons requests we have socialized/nationalized the insurance industry (that they used the taxpayer money to go on a luxury Retreat :roll: ), the mortgage industry, the Banks, and now they talk of nationalizing the auto industry and you wonder why some folks want CHANGE :???:

Keep telling me how well these Bush/McSame policies have worked...
Repubs have had control of Congress for 12 of the last 14 years- including 8 years of Bush control - 6 of those with a rubberstamp Repub Congress----and where have things gone :???:
Into the Sewer- ala Hoover, in the worst recession/depression/economic implosion since the Great Depression and you guys have balls enough to say you want 4 more years of it.... :???:
 

Sandhusker

Well-known member
Oldtimer said:
Lets see with Bush/Paulsons requests we have socialized/nationalized the insurance industry (that they used the taxpayer money to go on a luxury Retreat :roll: ), the mortgage industry, the Banks, and now they talk of nationalizing the auto industry and you wonder why some folks want CHANGE :???:

Keep telling me how well these Bush/McSame policies have worked...
Repubs have had control of Congress for 12 of the last 14 years- including 8 years of Bush control - 6 of those with a rubberstamp Repub Congress----and where have things gone :???:
Into the Sewer- ala Hoover, in the worst recession/depression/economic implosion since the Great Depression and you guys have balls enough to say you want 4 more years of it.... :???:

Hey, glad one of the libs showed. Want to have a crack at the 3 questions?
 

Vision

Well-known member
OT -

I will tell you how Bush policies have worked - and as usual you will run away again...you post this same post repeatedly and when I refute it you run away. ...time and time again.

I hope that you dont let your grandkids see this board, they would find out just what a coward pops is.

Is that harsh, darn right, but you have displayed such a reckless disregard for the truth that the poor charcter that you have displayed has earned this rebuke.

So I will repost the evidence in your honor BRB.
 

Vision

Well-known member
How the tax cuts helped the economy, lowered unemployment and encouraged the wealthy to pay more taxes in real dollars in spite of the rate cut.

Bush was right -


Government revenue went up and deficits dropped.

THE PROOF:


Reducing the capital gains tax rate from 20% to 15% increased capital gains tax receipts by 79% from 2000 to 2004. Cutting the dividend tax rate by more than half–from 39.6% to 15%–increased dividend tax receipts by 35% from 2002 to 2004. And corporate tax receipts have nearly tripled since 2003, reaching $250 billion for the past nine months, 26% higher than the same period last year. (WSJ July 25, 2006)

**************

WASHINGTON — The federal deficit in the budget year that just ended fell to a four-year low of $247.7 billion _ a figure President Bush touted Wednesday as “proof that pro-growth policies work.” The deficit for the budget year that ended Sept. 30 was 22.3 percent lower than the $318.7 billion imbalance for 2005, handing Bush a welcome economic talking point as Republicans battle to hold onto control of Congress in the midterm elections. (AP Oct. 11, 2006)

***************

One place it has come from are corporations, whose tax collections have climbed by 76% over the past two years thanks to greater profitability. Personal income tax payments are up by 30.3% since 2004 too, despite the fact that the highest tax rate is down to 35% from 39.6%. The IRS tax-return data just released last month indicates that a near-record 37% of those income tax payments are received from the top 1% of earners — “the rich,” who are derided regularly in Washington for not paying their “fair share.” (WSJ Oct. 6 2006) - The rich are paying more in real dollars since the tax cuts.

******************

US Treasury Sets New 1-Day Tax Receipt Record Of $85.8 Billion
Tuesday September 19th, 2006 / 0h04

WASHINGTON -(Dow Jones)- The U.S. government recorded record-high overall and corporate tax receipts on Sept. 15, which was a quarterly deadline for tax payments, the Treasury said Monday.

Total tax receipts were $85.8 billion on Friday, compared with the previous one-day record of $71 billion on Sept. 15 of last year, the Treasury said.
Within the overall figure, corporate tax receipts Friday were $71.8 billion, up from $63 billion in September of last year.

Treasury Undersecretary for Domestic Finance Randal Quarles said Friday’s numbers provided a “continuing demonstration of the strength of the U.S. economy.”

“In fact, Friday’s gross receipts were the largest in a single day in the nation’s history - 20% higher than receipts on the same quarterly tax payment date last year,” Quarles said in a statement.

***************************

October 27, 2006 at 10:30 pm e
Laffer's Victory - July 10, 2006 - The New York Sun
July 10, 2006 Edition
Laffer’s Victory
New York Sun Staff Editorial
July 10, 2006

It’s official — Arthur Laffer wins. New data show federal revenues surged in the first three quarters of the current fiscal year. Corporate tax receipts are up more than 26% over the same period last year, ringing in at $250 billion. Individual income tax collections, at $791 billion, are up 14% over the first nine months of fiscal 2005. The Congressional Budget Office projects corporate tax receipts will total $330 billion by the end of the fiscal year. As a result, the deficit for the year is expected to be about $300 billion, down from $318 billion last year and $412 billion the year before.

What, you ask, has led to this miraculous event? A tax cut, it turns out. Or rather, an array of tax cuts, on corporate income, personal income, and capital gains. These tax cuts, passed in 2001 and 2003, appear to be having the desired effect of spurring economic growth by creating addition incentives for work and entrepreneurship. The latest numbers, moreover, offer some hard data to challenge some of the charges leveled against President Bush and congressional Republicans in respect of tax cuts. These tax cuts haven’t exactly benefited “the rich.” A third of those higher income-tax revenues came from the highest-earning 1% of households, according to the New York Times.

*******************************************


Budget Deficit Drops $296B Under Estimate
Jul 11, 11:01 AM (ET)
By ANDREW TAYLOR
My Way
WASHINGTON (AP) - President Bush touted new deficit figures Tuesday showing considerable improvement upon earlier administration predictions, saying it shows the wisdom of his tax cuts.

Bush himself announced the figures - a task that for the most part has been left to lower-ranking administration officials in the past. The new figures show the deficit for the budget year ending Sept. 30 will be $296 billion - much better than the $423 billion that Bush predicted in February and a slight improvement over 2005.

**********************************

October 27, 2006 at 10:33 pm e
Surprising Jump in Tax Revenues Is Curbing Deficit
Surprising Jump in Tax Revenues Is Curbing Deficit - New York Times
By EDMUND L. ANDREWS
Published: July 9, 2006

WASHINGTON, July 8 — An unexpectedly steep rise in tax revenues from corporations and the wealthy is driving down the projected budget deficit this year, even though spending has climbed sharply because of the war in Iraq and the cost of hurricane relief.

Graphic: Mixed Signals On Tuesday, White House officials are expected to announce that the tax receipts will be about $250 billion above last year’s levels and that the deficit will be about $100 billion less than what they projected six months ago. The rising tide in tax payments has been building for months, but the increased scale is surprising even seasoned budget analysts and making it easier for both the administration and Congress to finesse the big run-up in spending over the past year.

Tax revenues are climbing twice as fast as the administration predicted in February, so fast that the budget deficit could actually decline this year.

****************************

A flood of income tax payments pushed up government receipts to the second-highest level in history in April, giving the country a sizable surplus for the month. In its monthly accounting of the government’s books, the Treasury Department said Wednesday that revenue for the month totaled $315.1 billion as Americans filed their tax returns by the April deadline. The gusher of tax revenue pushed total receipts up by 13.4 percent from April 2005. (AP May 10, 2006)

***********************************

WASHINGTON, July 8 — An unexpectedly steep rise in tax revenues from corporations and the wealthy is driving down the projected budget deficit this year, even though spending has climbed sharply because of the war in Iraq and the cost of hurricane relief. (NYT July 9, 2006)

***************************

Here is a Video of JFK talking about how tax cuts can increase revenue.

YouTube - Income Tax Cut. JFK Hopes To Spur Economy 1962/08/13 (1962)
http://www.youtube.com/watch?v=aEdXrfIMdiU
 

Vision

Well-known member
Bush warned Congress over 20 times to fix Fannie Mae and Freddie Mac -

Democrats blocked all attempts to do so.

http://iusbvision.wordpress.com/2008/09/21/bush-administration-warned-congress-over-20-times-reforms-were-needed/

The VIDEO - http://www.youtube.com/watch?v=VgctSIL8Lhs

2001

April:The Administration’s FY02 budget declares that the size of Fannie Mae and Freddie Mac is “a potential problem,” because “financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity.”

2002

May:The President calls for the disclosure and corporate governance principles contained in his 10-point plan for corporate responsibility to apply to Fannie Mae and Freddie Mac. (OMB Prompt Letter to OFHEO, 5/29/02)

2003

January: Freddie Mac announces it has to restate financial results for the previous three years.

February:The Office of Federal Housing Enterprise Oversight (OFHEO) releases a report explaining that “although investors perceive an implicit Federal guarantee of [GSE] obligations,” “the government has provided no explicit legal backing for them.” As a consequence, unexpected problems at a GSE could immediately spread into financial sectors beyond the housing market. (”Systemic Risk: Fannie Mae, Freddie Mac and the Role of OFHEO,” OFHEO Report, 2/4/03)

September:Fannie Mae discloses SEC investigation and acknowledges OFHEO’s review found earnings manipulations.

September: Treasury Secretary John Snow testifies before the House Financial Services Committee to recommend that Congress enact “legislation to create a new Federal agency to regulate and supervise the financial activities of our housing-related government sponsored enterprises” and set prudent and appropriate minimum capital adequacy requirements.

October: Fannie Mae discloses $1.2 billion accounting error.

November: Council of the Economic Advisers (CEA) Chairman Greg Mankiw explains that any “legislation to reform GSE regulation should empower the new regulator with sufficient strength and credibility to reduce systemic risk.” To reduce the potential for systemic instability, the regulator would have “broad authority to set both risk-based and minimum capital standards” and “receivership powers necessary to wind down the affairs of a troubled GSE.” (N. Gregory Mankiw, Remarks At The Conference Of State Bank Supervisors State Banking Summit And Leadership, 11/6/03)

2004

February:The President’s FY05 Budget again highlights the risk posed by the explosive growth of the GSEs and their low levels of required capital, and called for creation of a new, world-class regulator: “The Administration has determined that the safety and soundness regulators of the housing GSEs lack sufficient power and stature to meet their responsibilities, and therefore…should be replaced with a new strengthened regulator.” (2005 Budget Analytic Perspectives, pg. 83)

February:CEA Chairman Mankiw cautions Congress to “not take [the financial market's] strength for granted.” Again, the call from the Administration was to reduce this risk by “ensuring that the housing GSEs are overseen by an effective regulator.” (N. Gregory Mankiw, Op-Ed, “Keeping Fannie And Freddie’s House In Order,” Financial Times, 2/24/04)

June:Deputy Secretary of Treasury Samuel Bodman spotlights the risk posed by the GSEs and called for reform, saying “We do not have a world-class system of supervision of the housing government sponsored enterprises (GSEs), even though the importance of the housing financial system that the GSEs serve demands the best in supervision to ensure the long-term vitality of that system. Therefore, the Administration has called for a new, first class, regulatory supervisor for the three housing GSEs: Fannie Mae, Freddie Mac, and the Federal Home Loan Banking System.” (Samuel Bodman, House Financial Services Subcommittee on Oversight and Investigations Testimony, 6/16/04)

2005

April:Treasury Secretary John Snow repeats his call for GSE reform, saying “Events that have transpired since I testified before this Committee in 2003 reinforce concerns over the systemic risks posed by the GSEs and further highlight the need for real GSE reform to ensure that our housing finance system remains a strong and vibrant source of funding for expanding homeownership opportunities in America… Half-measures will only exacerbate the risks to our financial system.” (Secretary John W. Snow, “Testimony Before The U.S. House Financial Services Committee,” 4/13/05)

…..And the list goes on
 

Vision

Well-known member
More video's - Democrats blocking mortgage reform.


http://www.youtube.com/watch?v=_MGT_cSi7Rs


http://www.youtube.com/watch?v=1RZVw3no2A4


Bottom line, if "Bush Policies" were not all blocked we would have no mortgage crisis and an energy policy that makes sense.

OT - every time I see you post that pack of lies like you did above again that post is going to be followed by this evidence.
 
A

Anonymous

Guest
Vision said:
OT - every time I see you post that pack of lies like you did above again that post is going to be followed by this evidence.

Yep- everything I post is "lies" and all your info/opinions is "evidence" :roll:

Thats the arrogant Bush/Repugnut attitude that made me decide not to vote Republican this year...
 

Vision

Well-known member
Oldtimer said:
Vision said:
OT - every time I see you post that pack of lies like you did above again that post is going to be followed by this evidence.

Yep- everything I post is "lies" and all your info/opinions is "evidence" :roll:

Thats the arrogant Bush/Repugnut attitude that made me decide not to vote Republican this year...


And that is one of the poorest dodges of a mountain of evidence I have ever seen.

8)
 
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