Foreclosures at an all-time high in August, and poverty rate highest since 1994

[Bird222]

Blaming Bush still?

His tax rates are still in place. sooo :whiste:

 

[nick1985]

His tax rates are still in place. sooo :whiste:

The sky is still blue. sooo :whiste:

 

[Darwin333]

Poverty at all time hight? Time to cut services to the poor and give more tax breaks to hedge fund managers.

And import more cheap labor to further drive wages down!

 

[nick1985]

And import more cheap labor to further drive wages down!

But think of the produce savings!

 

[Bird222]

The sky is still blue. sooo :whiste:

The sky being blue has nothing to do with the economy, but I can't say the same about the current tax policy. Nice try though.

 

[Zebo]

Tax cuts for those making 0 dollars per hour! YEAH!

I don't care what you make. You pay over 10% in taxes. Just gas tax alone is ~25% depending on state. Sales tax ~ 8%. Cigarettes 300%.

Tax burden has shifted to lower and middle tho dispite Federal schema.

30-40 years ago most of these nickle and dime taxes on everything you do were non existent.

By design. Make little people feel heat and they'll go along with tax cuts at top.

 

[nick1985]

The sky being blue has nothing to do with the economy, but I can't say the same about the current tax policy. Nice try though.

Are you really blaming a few years of tax cuts for the market collapse?

 

[child of wonder]

Are you really blaming a few years of tax cuts for the market collapse?

No, he's saying the Bush tax cuts are still in place yet our economy is still in the crapper.

In other words, our taxes are still cut yet that didn't stop the economic downslide nor is it creating jobs today.

I add this not as a criticism of the tax cuts themselves, simply that they are either not working now or are not enough.

 

[CrackRabbit]

I don't care what you make. You pay over 10% in taxes. Just gas tax alone is ~25% depending on state. Sales tax ~ 8%. Cigarettes 300%.

Tax burden has shifted to lower and middle tho dispite Federal schema.

30-40 years ago most of these nickle and dime taxes on everything you do were non existent.

I do have to point out that most of those nickel and dime type taxes are at a State level not a Federal level.

 

[Darwin333]

Think about the number - the poverty rate went down, down, and more down under Clinton - and then started going back up under Bush.

It hadn't gotten quite back up to the high of 1994 yet - and the financial crash has pushed it over that line. Ya, the financial crisis Obama started while a Senator.

And Republicans would make it much worse, again.

Like when Clinton signed into law the repeal of Glass-Steagall? Stop being quite so dishonest, both parties got us into this mess.

The financial disaster has been slowed by Obama.

Yup, by allowing them to legally commit accounting fraud everything is all better. Get the fuck out of here, Obama is blowing the banksters and allowing them to get away with all sorts of fraud (both illegal and newly made legal), giving them bailout after bailout, and hasn't prosecuted a damned one. He is helping the tippity top (those .0001%ers that you despise so much) skim more of everyone elses money. Oh, lets not forget he put us on the hook for a shitload of the banks bad paper. I could go on and on but you know all of this already don't you? You can't possibly be lying to yourself that badly.

Do we want to continue the recovery, or to bring Republicans to crash more?

Umm, what recovery? Oh, the banksters continuing to get filthy fucking rich recovery while everyone else gets fucked? Personally, I could do without that one, thanks for asking.

The pattern of the poverty rate - under Reagan, under Clinton, under Bush - clearly indicates Republican = higher poverty, Democrats = lower poverty. Which do we want?

Lol, you know better than that too. Are you saying that the President of the United States is somehow a king or emperor that has complete and total control?

 

[Bird222]

No, he's saying the Bush tax cuts are still in place yet our economy is still in the crapper.

In other words, our taxes are still cut yet that didn't stop the economic downslide nor is it creating jobs today.

You got it. I found that video of Rachel Maddow interesting that even under Democratic presidents the rich did better than under Republican presidents.

 

[Zebo]

Like when Clinton signed into law the repeal of Glass-Steagall? Stop being quite so dishonest, both parties got us into this mess.



Yup, by allowing them to legally commit accounting fraud everything is all better. Get the fuck out of here, Obama is blowing the banksters and allowing them to get away with all sorts of fraud (both illegal and newly made legal), giving them bailout after bailout, and hasn't prosecuted a damned one. He is helping the tippity top (those .0001%ers that you despise so much) skim more of everyone elses money. Oh, lets not forget he put us on the hook for a shitload of the banks bad paper. I could go on and on but you know all of this already don't you? You can't possibly be lying to yourself that badly.



Umm, what recovery? Oh, the banksters continuing to get filthy fucking rich recovery while everyone else gets fucked? Personally, I could do without that one, thanks for asking.



Lol, you know better than that too. Are you saying that the President of the United States is somehow a king or emperor that has complete and total control?

This. So this. Craig Seems oblivious bankers own Dem party lock stock and barrel.


Don't forget about Schumers hedge fund managers exemption from income tax whereby guys who made 2 billion last year paid only 15% after expenses like G600's and the like. Or Dodds accounting rules.

 

[Zebo]

I do have to point out that most of those nickel and dime type taxes are at a State level not a Federal level.

Mainly to pay for mandates we no longer ask the top .1% to pay for.

I'm not saying taxes are to low or high either way on anyone but you gotta pay for things you want and we have chosen not to (debt) and shifted burdens to low end over the years. Just a statement of fact.

Income tax is the only tax which is progressive all other taxes are regressive.

 

[Darwin333]

This. So this. Craig Seems oblivious bankers own Dem party lock stock and barrel.

The sad part is I was lazy and only posted a very short list. My usual list is at least a few dozen items long and almost all of them are proven facts.

Don't forget about Schumers hedge fund managers exemption from income tax whereby guys who made 2 billion last year paid only 15% after expenses like G600's and the like. Or Dodds accounting rules.

Wasn't Dodd the one that amended the stimulus bill to guarantee the banksters their bonuses?

Ooooh, I might have just figured it out! Maybe the Dems are helping the banskters get all of the money so that when they get around to "wealth redistribution" they won't have that many people to take it from, more efficient and less paperwork (oooh, its "green" too).

 

[Darwin333]

Mainly to pay for mandates we no longer ask the top .1% to pay for.

I'm not saying taxes are to low or high either way on anyone but you gotta pay for things you want and we have chosen not to (debt) and shifted burdens to low end over the years. Just a statement of fact.

Income tax is the only tax which is progressive all other taxes are regressive.

Don't forget about fueling an artificial housing bubble, something we are still doing today, which severely jacked up their property taxes.

 

[nonlnear]

The sad part is I was lazy and only posted a very short list. My usual list is at least a few dozen items long and almost all of them are proven facts.

Wasn't Dodd the one that amended the stimulus bill to guarantee the banksters their bonuses?

That doesn't mean anything. Democrats' true feelings towards bankers were shown in the outrage they exhibited when they discovered that they had been duped into guaranteeing the bonuses. Why infer motives from policy actions when you could just take their public indignation at face value? The Democrat party is there for the little guy and works tirelessly to stick it to those rich wealthy bankers. My TV told me so.

 

[ShawnD1]

I don't care what you make. You pay over 10% in taxes. Just gas tax alone is ~25% depending on state. Sales tax ~ 8%. Cigarettes 300%.

Man you should see Canada. The shit's even worse here. I live in the province with the cheapest gas and it right now it costs about $3.20 USD per US gallon. National average works out to roughly $3.70 USD per US gallon. Lowest sales tax is 5% in Alberta but the highest is 15% sales tax in Nova Scotia. Tax on cigarettes is far higher because a pack of 25 cigarettes is $12 in Edmonton; the cigarettes themselves are maybe $1-2 and the other $10 is tax. Alcohol bought at any random liquor store is about $1 per fluid ounce, so a 26 of vodka is about $26. That too is mostly tax.

Canada should change its name to "fuck poor people" since sales taxes are always regressive taxation.

Tax burden has shifted to lower and middle tho dispite Federal schema.

Yep. Seems like politicians love going after sales taxes when they need money. Instead of raising a rich guy's taxes 1%, they'll raise everyone else's taxes by 10%. Fuck poor people!

30-40 years ago most of these nickle and dime taxes on everything you do were non existent.

Tru dat. My parents are pretty old, and they were saying cigarettes were dirt cheap 40 years ago. A whole pack of cigarettes was cheaper than a burger at A&W. Now, 1 pack of cigarettes is more than 2x as expensive as even the most expensive burgers sold there. Did cows magically get cheaper or did cigarettes get taxed up the ass?

 

[Craig234]

Like when Clinton signed into law the repeal of Glass-Steagall? Stop being quite so dishonest, both parties got us into this mess.

You ass, a lying accusation of dishonesty is pretty much an automatic ignore list indefinitely.

I have said many times for years Clinton is highly at fault for that action. While it was pushed hard by Republicans, it was also pushed hard by the corporatist faction of Democrats.

Clinton is highly to blame for that and for the disastrous results.

That ignore list begins now not reading the rest of your post.

 

[woolfe9999]

That doesn't mean anything. Democrats' true feelings towards bankers were shown in the outrage they exhibited when they discovered that they had been duped into guaranteeing the bonuses. Why infer motives from policy actions when you could just take their public indignation at face value? The Democrat party is there for the little guy and works tirelessly to stick it to those rich wealthy bankers. My TV told me so.

If you're going to make this sort of point, which might be valid in another factual context, you should probably verify the facts first. Darwin's recollection of the fact is not at all accurate here, and hence this is a poor example to use for this sort of observation.

This article tracks the legislative process that occurred with the Dodd amendment and quotes the amendment. It did the exact, diametric opposite of what was claimed by Rush Limbaugh and is now recalled by Darwin.

http://mediamatters.org/research/200903170026

Facts > opinions. Always, always, always.

- wolf

 

[nonlnear]

If you're going to make this sort of point, which might be valid in another factual context, you should probably verify the facts first. Darwin's recollection of the fact is not at all accurate here, and hence this is a poor example to use for this sort of observation.

This article tracks the legislative process that occurred with the Dodd amendment and quotes the amendment. It did the exact, diametric opposite of what was claimed by Rush Limbaugh and is now recalled by Darwin.

http://mediamatters.org/research/200903170026

Facts > opinions. Always, always, always.

- wolf

Yes, it was sloppy of me to just shoot from the hip without digging into the minutia of the post I quoted. The bonuses were admittedly a tempest in a teapot, and misrepresented in many ways. However there has been more than enough bipartisan graft in the banking committees of late (and not so late) to justify the general sentiment.

 

[woolfe9999]

Yes, it was sloppy of me to just shoot from the hip without digging into the minutia of the post I quoted. The bonuses were admittedly a tempest in a teapot, and misrepresented in many ways by both sides at different times. However there has been more than enough bipartisan graft in the banking committees of late (and not so late) to justify the general sentiment.

Perhaps. However, the reason I pointed this out is because I feel like people around here take facts for granted, particularly when these "facts" are seen as supporting whatever point it is they want to make. Opinions are easy; everyone has them. Yeah, the politicians are all idshonest corrupt assholes, yada yada yada. Anyone can say that. But checking facts actually requires a few minutes of work on google, and we just can't have that, can we?

Not trying to single you out here. Just making a broader point.

- wolf

 

[nonlnear]

Perhaps...
Not trying to single you out here. Just making a broader point.

- wolf

I'm rather ashamed too now that you point it out because I KNEW that that particular accusation was one of the flimsy ones. In my head I was thinking about the surprise (as in "We're shocked! Shocked!") that was expressed by bank regulators - after one of the banking bills was passed this last while - that they didn't have the oversight powers that they wanted to have. I'm trying to remember which hearing it was but I can't put my finger on it...

 

[EagleKeeper]

You ass, a lying accusation of dishonesty is pretty much an automatic ignore list indefinitely.

I have said many times for years Clinton is highly at fault for that action. While it was pushed hard by Republicans, it was also pushed hard by the corporatist faction of Democrats.

Clinton is highly to blame for that and for the disastrous results.

That ignore list begins now not reading the rest of your post.

Please tone down the rancor.

If you are going to put him on an ignore list, then do so. Replying to a post implies dishonesty regards to ignore.

Anandtech Admin
Common Courtesy

 

[theevilsharpie]

He asked what was the case that can be confirmed in reality, not the thoughts in your head. Nothing substantial out there says any significant portion of businesses think like this. Not polls, not surveys.

If you want a case against Obama's policies that are based in reality, let me give it to you.

Cash 4 Clunkers, the Home Buyer's credit, and other targeted stimulus programs have proven that people are willing to open their wallets if the cost of the products falls to a price that the consumer is willing to pay. However, said stimulus programs also set back a broader recovery, because it provides a disincentive for manufacturers to adjust the price of their goods to a market-clearing level. You can see evidence of this in the housing and automotive markets today, as both experienced a very sharp drop after their respective stimulus programs ended. Not only does the economic performance directly impact related markets (sending them down as well), it has a psychological impact that puts a damper on transactions throughout the economy.

 

[OutHouse]

He asked what was the case that can be confirmed in reality, not the thoughts in your head. Nothing substantial out there says any significant portion of businesses think like this. Not polls, not surveys.

Epic Fail