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| Re: Dems ready to push USA off ''fiscal cliff'' over tax increases (959811) | |||
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by bingbong on Tue Jul 17 08:59:16 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by LuchAAA on Tue Jul 17 03:13:45 2012. Clinton lowered SOME cap gains. He raised others. That's why the republicans whined the whole time about cap gains taxes. Those that invested domestically did very well. However, the offshoring monster was initiated by Bush, and many companies wanted to continue to dump American employees in the name of profit. When bush came along he undid what worked and the tsunami of offshoring (outsourcing is actually defined as utilizing a private source replacing an in-house service, such as hiring a janitorial service of sending Halliburton to Iraq to rob servicemen for their Halliburger dinners) created a lost-decade, with limited growth overall and declines in income and net worth (later amplified in the economic collapse). He then created he housing bubble (in concert with some very willing bankers, mainstreaming mortgage bundling, a practice that was until then highly limited) to cover up what he had done earlier in the decade and guess what happened. |
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