Dems ready to push USA off "fiscal cliff" over tax increases (959454) | |
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Dems ready to push USA off "fiscal cliff" over tax increases |
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Posted by Olog-hai on Mon Jul 16 05:29:59 2012 Threatening to wreck the country and all for what?Washington Post
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by SelkirkTMO on Mon Jul 16 05:32:20 2012, in response to Dems ready to push USA off "fiscal cliff" over tax increases, posted by Olog-hai on Mon Jul 16 05:29:59 2012. And who *built* that cliff?Nah ... musta been Satan ... |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by LuchAAA on Mon Jul 16 05:33:49 2012, in response to Dems ready to push USA off "fiscal cliff" over tax increases, posted by Olog-hai on Mon Jul 16 05:29:59 2012. The Dems want the "Bush Tax Cuts" to expire for everyone. And why not? It won't cost them a single vote. |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by SelkirkTMO on Mon Jul 16 05:38:46 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by LuchAAA on Mon Jul 16 05:33:49 2012. No, just the wealthy ... those who aren't circulating currency and offshoring the rest. We've had three fiscal years of the GOP plan. How's that working out? |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by LuchAAA on Mon Jul 16 05:42:17 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by SelkirkTMO on Mon Jul 16 05:38:46 2012. if you have a 401k, you're probably offshoring. most of the plans include investments abroad. |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by Fred G on Mon Jul 16 05:46:09 2012, in response to Dems ready to push USA off "fiscal cliff" over tax increases, posted by Olog-hai on Mon Jul 16 05:29:59 2012. That's the deal they cut.your pal, Fred |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by SelkirkTMO on Mon Jul 16 05:47:26 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by LuchAAA on Mon Jul 16 05:42:17 2012. Nope ... stocks, bonds and real estate. 401k's are for tards ... didn't Bush's legacy teach anyone anything about 101k's? And yeah, I can understand the offshoring for that. Some folks actually expect to get their money back. |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by LuchAAA on Mon Jul 16 05:57:34 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by SelkirkTMO on Mon Jul 16 05:47:26 2012. 401k is kind of stupid for civil servants. For example, there are some NYCT workers who invest in a 401k. Most of them just like to sound smart in the crew room talking the talk. Makes no sense to invest in that when you get a pension.I know people in private sector who got in during the 80's when companies were matching. Real estate is a better investment, but you need to cash on hand to enter the market and make a down payment on property. I don't do stocks and bonds because I don't understand that stuff and it's stupid to invest in that which you don't understand. |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by Fred G on Mon Jul 16 06:12:57 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by LuchAAA on Mon Jul 16 05:57:34 2012. How do you feel about short-term equine investments?your pal, Fred |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by LuchAAA on Mon Jul 16 06:18:03 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by Fred G on Mon Jul 16 06:12:57 2012. I won't even play Powerball anymore. And it's up to $100,000,000 this week. |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by clearaspect on Mon Jul 16 07:43:43 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by SelkirkTMO on Mon Jul 16 05:47:26 2012. Half true! If you stayed in your 401K and played aggressively you actually made all your money back and then some since stocks have fully recovered from its 2008 meltdown. |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by bingbong on Mon Jul 16 08:25:59 2012, in response to Dems ready to push USA off "fiscal cliff" over tax increases, posted by Olog-hai on Mon Jul 16 05:29:59 2012. Every economist alive has said that there MUST be something done about revenue. Period. Taxes have to go up. In this economic circumstance, there is little sense to take it from the middle class, so a one year extension of the existing tax cut makes some sense.Taxes on high incomes should go up.......those so-called"job creators" (actually the idle rich) are NOT creating any jobs, nor apparently will they. So they should pay. Set up a business as an LLC? Too bad, you took bad advice, reconfigure your corporation. You'll pay less in taxes once you do. |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by bingbong on Mon Jul 16 09:00:27 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by Fred G on Mon Jul 16 06:12:57 2012. Lot of horseshitters in that market. Best left to those who are looking to write off a loss to offset foreign investment ROI they bring back into the country, to pay for stuff like their elevator repairmen. |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by Terrapin Station on Mon Jul 16 09:10:52 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by bingbong on Mon Jul 16 09:00:27 2012. Re: Willard's Offshore Assets Remain Hidden (959472) |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by bingbong on Mon Jul 16 13:04:13 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by Terrapin Station on Mon Jul 16 09:10:52 2012. Yes, they DO remain hidden. Funny that, eh? |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by Terrapin Station on Mon Jul 16 13:23:27 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by bingbong on Mon Jul 16 13:04:13 2012. You won't answer the simple questions I posed here: Re: Willard's Offshore Assets Remain Hidden (956177) |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by bingbong on Mon Jul 16 13:31:43 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by Terrapin Station on Mon Jul 16 13:23:27 2012. No. |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by Terrapin Station on Mon Jul 16 14:06:15 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by bingbong on Mon Jul 16 13:31:43 2012. I know. Considering that I'm only asking questions about statements you've made, it is quite telling that you won't answer. Both you and Selkook are like this. If you get backed into a corner where it is pretty obvious that you are wrong, instead of admitting it and apologizing, you will either change the subject, make a stupid joke, claim it's not important or that you don't need to know the answer, or just completely ignore it. |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by ClearAspect on Mon Jul 16 14:18:23 2012, in response to Dems ready to push USA off "fiscal cliff" over tax increases, posted by Olog-hai on Mon Jul 16 05:29:59 2012. They said the same thing about the Clinton Era tax hike... and then we had prosperity and a decrease in debt... |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by bingbong on Mon Jul 16 14:28:37 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by Terrapin Station on Mon Jul 16 14:06:15 2012. No, it's pests like you that cause this. You're just another RW troll, this place is full of them. |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by Mitch45 on Mon Jul 16 14:43:21 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by ClearAspect on Mon Jul 16 14:18:23 2012. The Clinton prosperity era was exceptional, in that it was driven by the internet boom of the '90s, when technology stocks went through the roof and people were becoming millionaires overnight. Everyone and his brother were joining internet startups in the hopes of joining in the prosperity. This outstripped the negative impact of the tax hikes on the economy. Everyone thought that riches were around the corner. That was a unique time in America and will not come our way again anytime soon. |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by Fred G on Mon Jul 16 14:46:50 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by Mitch45 on Mon Jul 16 14:43:21 2012. The deficit was cut tho, and look what came roaring back in the 2000's after taxes were cut.your pal, Fred |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by Train Dude on Mon Jul 16 15:18:53 2012, in response to Dems ready to push USA off "fiscal cliff" over tax increases, posted by Olog-hai on Mon Jul 16 05:29:59 2012. Even the obamite scumbags admit that letting the Bush Tax Cuts on those earning over $250,000 will do virtually nothing for the deficit. This is more form than substance so the obamite scumbags can promote their class warfare. |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by bingbong on Mon Jul 16 15:21:50 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by Mitch45 on Mon Jul 16 14:43:21 2012. How then, was there such a broad-based economic expansion? The 80s tech boom affected nearly no one. (in fact, almost all of the 80s tech companies were gone by the 90s) It wasn't just tech. There were fundamental differences in tax structures which rewarded domestic investment and punishing rates on others. That not only created investment that produced domestic jobs but also created revenue.So we saw a Social Security surplus that would have funded the babyboomers retirement's (as we had already funded our parents') as well as provide an opportunity to pay down general fund debt had it not been squandered.Despite higher tax rates, everyone did better. |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by 3-9 on Mon Jul 16 15:43:30 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by SelkirkTMO on Mon Jul 16 05:32:20 2012. Isn't that the name you get when you rearrange the letters in Santa Claus' first name? :-) |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by Train Dude on Mon Jul 16 15:45:57 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by 3-9 on Mon Jul 16 15:43:30 2012. Yeah and when you re-arrange the letters in "Claus" you can make "Lucas". Hey, this is fun. I don't know what your point is but we certainly can play this game now. |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by ClearAspect on Mon Jul 16 15:49:32 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by Mitch45 on Mon Jul 16 14:43:21 2012. Incorrect! You neglect to react that since the deficit was decreasing the interest rate was kept low naturally thanks to that strength in the confidence of the US, rather than artificially as it is now and since the Bush Era. What rocked the stocks was not primarily the internet bubble busting but the 9/11 attacks and the subsequent investigations and lies i.e. Enron, Tyco, etc. It also lost about 1/3 of its value, similar to what happened in the late 80s with that crash. However when you raise taxes, and force cuts, you start decreasing the deficit the interest rate will lower and stocks will stay strong as investors are confident in the governments ability to handle its money. Technically a government is never supposed to run in the black, its supposed to have a 0 balance at the end of the day, neither a surplus nor a deficit but thats perfect world. What is interesting though if you look at the way the Dow Jones has performed since 2000 it strikes an eerie similarity to how the Dow Jones performed during the Reagan - Bush I era. If the Dow Jones repeats history then the down will have a small crash to the area of around 10000 later during this year or the beginning of 2013 then rebound rather quickly. Whether the dow will regain that 14000 realm it had before the crash remains to be seen. What should be noted however is that since the crash of 2007/8 the dow jones has had a near 100% recovery. If you look at the 1987 crash it took really until 1992 to get back to normal in the stocks.So while taxes and cuts may seem bad at first and may be hard to absorb initially, it shows that governments are serious about tackling issues and that makes investors turn into bulls as it builds confidence. Investors don't like squabbled governments, we learned that from Europe and as Congress and the president grabbled over the debt. Raising taxes and cuts are the only solution to getting out of debt as either raising taxes alone or cuts alone doesn't solve the problem. The US needs to cut its debt in half in 15 years or less if it does not, then this country is in trouble. |
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Re: RepuKKKllcans ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by RockParkMan on Mon Jul 16 16:39:10 2012, in response to Dems ready to push USA off "fiscal cliff" over tax increases, posted by Olog-hai on Mon Jul 16 05:29:59 2012. Just cut out the european sector of the US military mission and BOOST taxes already. the UK's problems are the USs opportunities, LUNATIC. |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by mcorivervsaf on Mon Jul 16 16:45:46 2012, in response to Re: RepuKKKllcans ready to push USA off ''fiscal cliff'' over tax increases, posted by RockParkMan on Mon Jul 16 16:39:10 2012. Just can't be truly satisfied, can you? |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by SelkirkTMO on Mon Jul 16 17:17:34 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by 3-9 on Mon Jul 16 15:43:30 2012. Why ... that's correct! :) |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by SelkirkTMO on Mon Jul 16 17:18:22 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by clearaspect on Mon Jul 16 07:43:43 2012. Didn't work out so well with Lehman and Bear Stearns ... |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by 3-9 on Mon Jul 16 18:16:03 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by Train Dude on Mon Jul 16 15:45:57 2012. Yeah and when you re-arrange the letters in "Claus" you can make "Lucas".Why, that's true too! The implications are staggering... |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by RockParkMan on Mon Jul 16 18:31:29 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by mcorivervsaf on Mon Jul 16 16:45:46 2012. Another useless eater. |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by TERRapin station on Mon Jul 16 18:59:20 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by bingbong on Mon Jul 16 14:28:37 2012. Huh? What in the world are you talking about? And how come you can't respond to what I write? What are you afraid of? Obviously it's not "being wrong"... |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by mcorivervsaf on Mon Jul 16 19:00:26 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by RockParkMan on Mon Jul 16 18:31:29 2012. ??? |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by SMAZ on Mon Jul 16 20:13:25 2012, in response to Dems ready to push USA off "fiscal cliff" over tax increases, posted by Olog-hai on Mon Jul 16 05:29:59 2012. Good.Along with the scheduled budget cuts, it would balance the budget in just a few years. |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by SMAZ on Mon Jul 16 20:16:27 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by Mitch45 on Mon Jul 16 14:43:21 2012. The Clinton prosperity era was exceptional, in that it was driven by the internet boom of the '90s, when technology stocks went through the roof and people were becoming millionaires overnight. Everyone and his brother were joining internet startups in the hopes of joining in the prosperity.What? You mean Clinton massively hiked taxes on the rich and the "job creators" responded by investing in American start-up companies? nahhh....can't be. |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by Olog-hai on Tue Jul 17 00:00:48 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by Mitch45 on Mon Jul 16 14:43:21 2012. No it didn't outstrip anything. The bubbles popped, and in Clinton's last year too, the biggest one being the dot-com bubble. |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by SelkirkTMO on Tue Jul 17 00:23:45 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by Olog-hai on Tue Jul 17 00:00:48 2012. So then what you're saying is that all your babbling over DeutscheBank and the others taking over the EU was nothing and the real problem is that Bubba didn't give pets.com a bailout? |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by LuchAAA on Tue Jul 17 03:13:45 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by ClearAspect on Mon Jul 16 14:18:23 2012. Clinton lowered taxes on cap gains and estates.When he lowered cap gains, the economy improved. Not to be outdone, Bush lowered cap gains some more and it worked again. I think Bush lowered cap gains too much, but I don't own stocks. Those that do would tell me to STFU. |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by Fred G on Tue Jul 17 03:50:20 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by SelkirkTMO on Tue Jul 17 00:23:45 2012. your pal, Fred |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by Fred G on Tue Jul 17 03:58:55 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by SelkirkTMO on Tue Jul 17 00:23:45 2012. your pal, Fred |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by SelkirkTMO on Tue Jul 17 04:12:35 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by Fred G on Tue Jul 17 03:58:55 2012. And ya wonder why I find conservatards amusing. :) |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by Fred G on Tue Jul 17 04:24:53 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by SelkirkTMO on Tue Jul 17 04:12:35 2012. Almost as funny as Slappy White!your pal, Fred |
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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by TERRapin station on Tue Jul 17 08:41:43 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by TERRapin station on Mon Jul 16 18:59:20 2012. Bump. |
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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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Re: Dems ready to push USA off ''fiscal cliff'' over tax increases |
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Posted by SelkirkTMO on Tue Jul 17 15:14:16 2012, in response to Re: Dems ready to push USA off ''fiscal cliff'' over tax increases, posted by Fred G on Tue Jul 17 04:24:53 2012. I was thinking more along the lines of Rip Taylor. :) |
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