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RE: They're both nuts. - 12/8/2010 8:26:28 PM   
willbeurdaddy


Posts: 11894
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Status: offline 		BTW Larry Summers, not a day after Obama once again claimed we are no longer at risk of a double dip recession, says we are if the tax cuts arent extended.

Wait...didnt some lib here say there cant possilby be a double dip recession when we technically arent in a recession? Tell it to the 9.8%/17%.

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RE: They're both nuts. - 12/9/2010 4:54:00 AM   
Moonhead


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quote:

ORIGINAL: pahunkboy

Funny shtt.  People mad that taxes are not high enough.  

HA


Those rotten numerate liberal elitists! How dare they point out that a finance system that would make a dog laugh doesn't work, just because they can count!

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RE: They're both nuts. - 12/9/2010 5:07:18 AM   
Musicmystery


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quote:

how do you figure


By your logic, an unpaid for tax cut, when extended, is now suddenly paid for?

No wonder deficits soar.

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RE: They're both nuts. - 12/9/2010 6:54:42 AM   
mnottertail


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quote:

ORIGINAL: willbeurdaddy

quote:

ORIGINAL: DomKen


quote:

ORIGINAL: mnottertail

I would like to see us simultaneously tax the living fuck outta capital gains if we do the other two.  At least there will be an offset.  Studies show that when you tax capital gains (as opposed to the other laffer asswipe) that guess what?  People don't make capital gains.

So, that would shake some of that moldy fucking cash out of corporate, eh? 

The most interesting proposal about cap gains that I've seen is to do away with the cap gains tax entirely but to change the definition of taxable income to include what is now cap gains.


Yeah thats real interesting. If youre interested in losing a few more million jobs.


How exactly would that lose jobs?  The last time we upped capital gains people were shoving their money into the economy to make income and avoid capital gains, and jobs suffered?  NOT AT ALL.

You should look this stuff up, become educated in something other than Certified Financial Planning (insurance peddling) the world is bigger than that.

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RE: They're both nuts. - 12/9/2010 2:40:59 PM   
Musicmystery


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quote:

Wait...didnt some lib here say there cant possilby be a double dip recession when we technically arent in a recession? Tell it to the 9.8%/17%.


This doesn't make any sense.

A jobless recovery is just that. In this instance, costs were cut, boosting short term productivity, but you can't cut your way into growth. At some point, sitting on cash is just too expensive. And manufacturing, ironically, has been leading growth, as depleted inventories must be replaced. But with higher productivity, that doesn't (at least immediately) mean more workers necessarily.

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RE: They're both nuts. - 12/9/2010 2:48:25 PM   
willbeurdaddy


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quote:

ORIGINAL: Musicmystery

quote:

Wait...didnt some lib here say there cant possilby be a double dip recession when we technically arent in a recession? Tell it to the 9.8%/17%.


This doesn't make any sense.

A jobless recovery is just that. In this instance, costs were cut, boosting short term productivity, but you can't cut your way into growth. At some point, sitting on cash is just too expensive. And manufacturing, ironically, has been leading growth, as depleted inventories must be replaced. But with higher productivity, that doesn't (at least immediately) mean more workers necessarily.


"jobless recovery" is poli-speak for recession, pushed in the Carter days to avoid admitting that his policies were totally fucked up. If you want to bury your head in the obtuse technical definition of "recession" go right ahead. Economists and financial advisors look at far more than anemic growth in GDP for what recovery actually is.

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Profile   Post #: 66
RE: They're both nuts. - 12/9/2010 2:50:36 PM   
Musicmystery


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Status: offline 		Of course.

But if you're just going to reject the term and definition of recession, what's the point of embracing the term double-dip recession?

Seems rather arbitrary.

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Profile   Post #: 67
RE: They're both nuts. - 12/9/2010 2:54:02 PM   
mnottertail


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Status: offline 		But the reagan recession was a shining example of how to do it?  The bush recession, the bush recession,  the nixon recession?


You should read up on that, you are wrong as usual, complete failure on your part.

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Profile   Post #: 68
RE: They're both nuts. - 12/9/2010 2:54:41 PM   
willbeurdaddy


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quote:

ORIGINAL: Musicmystery

Of course.

But if you're just going to reject the term and definition of recession, what's the point of embracing the term double-dip recession?

Seems rather arbitrary.


That was my point. Obama and Larry Summers cant even get on the same page about the risk of one, because Summers doesnt cling to the technical definition, while Obama needs to in order to give false props to his disasterous economic record.

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Profile   Post #: 69
RE: They're both nuts. - 12/9/2010 4:06:05 PM   
mnottertail


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Status: offline 		What sort of rhetorical devices did reagan, bush, bush, nixon et al use to gloss over their disasterous economic policies?

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Profile   Post #: 70
RE: They're both nuts. - 12/9/2010 6:36:14 PM   
TreasureKY


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From: Kentucky
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quote:

ORIGINAL: mnottertail

What sort of rhetorical devices did reagan, bush, bush, nixon et al use to gloss over their disasterous economic policies?


What possible difference does that make?

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Profile   Post #: 71
RE: They're both nuts. - 12/9/2010 6:57:46 PM   
Musicmystery


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Status: offline 		He's pointing out the irony and hypocrisy of the poster both supporting the policy and bemoaning the "disastrous economic record" that essentially continues the Bush economic policies.


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Profile   Post #: 72
RE: They're both nuts. - 12/9/2010 7:45:35 PM   
willbeurdaddy


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quote:

ORIGINAL: Musicmystery

essentially continues the Bush economic policies.




Not even close.

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Profile   Post #: 73
RE: They're both nuts. - 12/9/2010 9:30:51 PM   
Charles6682


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From: Saint Pete,FL
Status: offline 		I thought Republican's were so concerned for Defict Reduction,remember?What happened to all that tough talk during the election?Don't worry,the billionaire's are okay,so don't worry about the defict.AS long as Billionaire Ted is happy,the Republican's are happy.

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Profile   Post #: 74
RE: They're both nuts. - 12/10/2010 6:14:49 AM   
Musicmystery


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Status: offline 		As well as lamenting and opposing any unpaid for legislation.

This deal violates that on multiple fronts.


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Profile   Post #: 75
RE: They're both nuts. - 12/10/2010 7:04:35 AM   
mnottertail


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quote:

ORIGINAL: TreasureKY

quote:

ORIGINAL: mnottertail

What sort of rhetorical devices did reagan, bush, bush, nixon et al use to gloss over their disasterous economic policies?


What possible difference does that make?



Every bit.  Look, Stockman ring any bells with you for example?

In any economic policy within the administrations (they don't exactly all walk in lockstep at the same time on every issue) there will be disagreement.

The insurance peddler surmises that there are rhetorical devices used depending on viewpoint to create the best 'texture' for the rhetoric, so since reagans economic policies were disasterous and many thought him saving money and brilliant with a buck, and many softpeddling the fact that Bush largely put us in this with the invasion off the books  and nixon putting the USPS off the books, what words did they use to make it seem like they knew what the fuck they were doing as they created disasterous economic policy that Obama isnt doing?



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Profile   Post #: 76
RE: They're both nuts. - 12/10/2010 8:10:28 AM   
Real0ne


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Joined: 10/25/2004
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quote:

ORIGINAL: Musicmystery

$700 billion for tax cuts, including for the wealthy, an extension of unemployment benefits, and a one-year 2% reduction in FICA.

All of it unpaid for. But that's the Republican/Obama deal, and both sides are defending it.

Unbelievingfuckable.

That this has no prayer in Congress, from Dems or Pubs, is the only bright side.

Free money. Get it here.






I simply do not see a problem here.

People screamed for bipartisanship and they are getting it.

Dont you think a one unified party dictatorship is better than a 2 party dictatorship anyway?

Its way more efficient and saves the taxpayers buko bucks







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RE: They're both nuts. - 12/10/2010 8:52:41 AM   
kinkbound


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quote:

Its way more efficient and saves the taxpayers buko bucks


Did you mean beaucoup bucks?

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Profile   Post #: 78
RE: They're both nuts. - 12/10/2010 8:56:23 AM   
kinkbound


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Status: offline 		FR

I think this whole issue is even more indication that the system is broken, and both sides of the partisan fence are playing for the same team.

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Profile   Post #: 79
RE: They're both nuts. - 12/10/2010 10:05:11 AM   
Musicmystery


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quote:

People screamed for bipartisanship and they are getting it.


Hardly. Bipartisan opposition, perhaps.

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Profile   Post #: 80
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