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Obama Draws Line in the Sand with Republicans - Will Not Extend Bush Tax Cuts

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posted on Jun, 4 2011 @ 07:22 PM
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reply to post by Section31
 


The U.S. economy was so badly destroyed under the policies of the GW admin, that it isn't going to turn around quickly.

In addition, the game plan of conservatives all along has been aimed at preventing any economic turn around, and making Obama a one term president.

The thing is, as bad as things are, they could get far worse. If another repub takes POTUS in 2012, then things will get disastrously worse. We need about 16 years with conservatives out of the white house to turn things around.

Personally, I don't think Obama has yet to succeed in taking over the reigns of power. Letting the GW tax cuts expire is only one of the things he needs to do for the people who elected him.

He also needs to get tough on immigration. That is currently our biggest economic problem, and the reason why there is no job creation.




posted on Jun, 4 2011 @ 07:37 PM
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Raising taxes on the super rich isn't going to change the tax rates for small businesses.
reply to post by poet1b
 

I beg to differ, imo, raising taxes on the rich will effect us all



Instead of the banking siphoning off all the money to the crooked execs, they will be forced to invest in capital, which will be a boom to small businesses.

Something for me to think about, for me to investigate thank you.


This is a big part of why higher taxes on the super rich lead to economic prosperity.


Personally I wish we would do away with the IRS and implement the Fair Tax doctrine.

Edit to add: I hate the banksters!
edit on 4-6-2011 by sweetliberty because: (no reason given)



posted on Jun, 4 2011 @ 07:38 PM
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Originally posted by poet1b
reply to post by Section31
 

The thing is, as bad as things are, they could get far worse. If another repub takes POTUS in 2012, then things will get disastrously worse. We need about 16 years with conservatives out of the white house to turn things around.

If another Republican did get back into office, they will be representing the Reagan philosophy of free and open markets. Also, the mandate will be removed from Obamacare. I do not see how that is such a bad idea.

I understand everyone's concern about Republicans, but the Devil is also on the other side of the coin. Anyone who is an absolute loyalist to one party over another is being shortsighted.

Maybe it is time to replace both the Republican (Conservatives/Reps/Moderates/NeoCons) and Democrat (Liberals/Dems/Moderates/Progressives) parties with another set of parties. Ones in which do not rely on a left to right scale.


Originally posted by poet1b
reply to post by Section31
 

He also needs to get tough on immigration. That is currently our biggest economic problem, and the reason why there is no job creation.

Well, Obama has already said he would do nothing for immigration. He wants to give illegal immigrants amnesty, so you can throw that idea out the door.


Originally posted by poet1b
reply to post by Section31
 

The U.S. economy was so badly destroyed under the policies of the GW admin, that it isn't going to turn around quickly.

It does not matter who started this mess. What is important is if the person we vote for can fix the mess. Obama had four years to set things right, and he still does not have a clue about job creation.

Everything Obama has tried has failed. Why would I want to give him a second chance? According to raving Obama supporters, no one except for Democrats should get a second chance. Is that not hypocritical?

You said it yourself, "Don't give Republicans a second chance, for they messed up the country the first time around." Why should I give Obama a second chance, for he has spent four years destroying what remained of the economy?

Maybe its time to vote in a Reagan Republican, so we can remove the Bush Republicans.
edit on 6/4/2011 by Section31 because: (no reason given)



posted on Jun, 4 2011 @ 07:48 PM
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After all, to listen to the GOP and anti-tax prophets such as Grover Norquist, tax rates are sky high and largely to blame for our inability to get our economy back on track.
reply to post by pajoly
 


blogs.forbes.com...

So you find this article and automatically place everyone who you disagree with as the same like minded thinking?

Enjoy your article (security blanket) I see you're clinging to it tightly.

I remember you from before


I wonder if wanna-be mind reader bigots/agnostics/atheists get taxed on their talents?

Kind of a turn on... bet you already knew I was going to say this

and this
and this
edit on 4-6-2011 by sweetliberty because: and this



posted on Jun, 4 2011 @ 07:56 PM
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reply to post by getreadyalready
 





So, I believe we should streamline the IRS, cut the staff by about 80%, do away with the complicated tax code and graduated brackets, and just tax everyone equally, no shelters, no loopholes, no deductions, no credits. Set a minimum poverty level of say $10k per single person and each dependent, and then make everyone pay 15% for every dime of gross income above that amount. No cap, no loopholes, nothing complicated.


I think this is a wonderful idea! It makes common sense and equalizes things more so I guess that why it hasn't been implemented which is a shame.
You, Poetb1 and Neo are sharing some great information/logic and I appreciate it.

edit on 4-6-2011 by sweetliberty because: (no reason given)



posted on Jun, 4 2011 @ 08:03 PM
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Originally posted by poet1b


Personally, I don't think Obama has yet to succeed in taking over the reigns of power. Letting the GW tax cuts expire is only one of the things he needs to do for the people who elected him.

He also needs to get tough on immigration. That is currently our biggest economic problem, and the reason why there is no job creation.


Our biggest obstacle to job creation is likely our desire for relatively high wages. Jobs would come back toorrow if we accepted a great deal less. Just sayin.

Anyway, I agree that Obama needs to do A LOT more to directly oppose the GOP in the upcoming year leading into the election. I've been suspecting he's been giving them enough rope, but at some point he needs to do something with all tht damn rope.



posted on Jun, 4 2011 @ 08:15 PM
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reply to post by Section31
 


A Reagan Republican?

Just wanted to point out that Ronald Reagan gave illegal immigrants amnesty, tripled our national debt, and expanded government....things that you just stated you were not happy about.

edit on 4-6-2011 by David9176 because: (no reason given)



posted on Jun, 4 2011 @ 08:24 PM
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I see people are very kind to Reagan and his legacy here, the truth is, he did exactly the opposite of

what he talked about sort of like O'bammer



posted on Jun, 4 2011 @ 08:35 PM
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Originally posted by beefsteaktwin
I see people are very kind to Reagan and his legacy here, the truth is, he did exactly the opposite of

what he talked about sort of like O'bammer

If what David said was true, Obama beat him by adding $9 trillion to our dept.

Lol...
edit on 6/4/2011 by Section31 because: (no reason given)



posted on Jun, 4 2011 @ 08:45 PM
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Originally posted by Section31

Originally posted by beefsteaktwin
I see people are very kind to Reagan and his legacy here, the truth is, he did exactly the opposite of

what he talked about sort of like O'bammer

If what David said was true, Obama beat him by adding $9 trillion to our dept.

Lol...
edit on 6/4/2011 by Section31 because: (no reason given)

You recognize that Obama's actions dont make Reagans any less hypocritical right?

right?



posted on Jun, 4 2011 @ 08:47 PM
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Originally posted by incrediblelousminds

Originally posted by Section31

Originally posted by beefsteaktwin
I see people are very kind to Reagan and his legacy here, the truth is, he did exactly the opposite of

what he talked about sort of like O'bammer

If what David said was true, Obama beat him by adding $9 trillion to our dept.

Lol...
edit on 6/4/2011 by Section31 because: (no reason given)

You recognize that Obama's actions dont make Reagans any less hypocritical right?

right?

I used the word 'if'. Right?

Right?



posted on Jun, 4 2011 @ 09:06 PM
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Originally posted by Section31

I used the word 'if'. Right?

Right?

IF you knew aything about Reagan, you would know it is true.

Regardless, you bringing up Obama as a defense of Reagan is pretty weak partisan sauce



posted on Jun, 4 2011 @ 09:15 PM
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Our government (in our name) owes more money than there is cash on earth. No amount of raising taxes will get us out of the hole we are in. No amount of spending cuts are possible without breaking a lot of contracts will get the current spending requirements to a non deficit position. So the best solution to raise revenue is through increasing the GDP. IE get Americans back to work making REAL wealth. Taxing folks and creating government jobs is not REAL wealth, it is socialism and makes the problem worse.

If our politicians are serious about fixing the economy and serious about the deficit, they would cut the red tape on business and quit hiding behind global warming, the environment, etc etc etc.


Sorry if this was already covered, but I did not have time to read 13 pages of why taxing the rich is good or we need to cut grandma's check etc etc etc



posted on Jun, 4 2011 @ 09:27 PM
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reply to post by EssenceOfSilence
 


So, on a finite world, with finite resources, your big idea is to give the corporations the keys to every kingdom?

Do you really think this will fix our economy?

Slash and burn the world, then everyone will have a job.

You can slash, or burn.

To what end?

Let huge multinationals run unobstructed, sucking up profits and killing everything, and, as long as the bottom line is in the black, it doesn't matter what else is black too?

Because there are just too many restrictions and regulations now?

Are you daft?
edit on 4-6-2011 by jimnuggits because: porfits are not profits



posted on Jun, 4 2011 @ 09:34 PM
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Originally posted by EssenceOfSilence
Our government (in our name) owes more money than there is cash on earth. No amount of raising taxes will get us out of the hole we are in. No amount of spending cuts are possible without breaking a lot of contracts will get the current spending requirements to a non deficit position. So the best solution to raise revenue is through increasing the GDP. IE get Americans back to work making REAL wealth. Taxing folks and creating government jobs is not REAL wealth, it is socialism and makes the problem worse.


I Totally agree. Industry needs to start making jobs with those tax cuts they been getting for about a decade now. When will these jobs materialize? Is it after there is no regulation and our environment is as bad as chinas? Will they return the jobs when we all are willing to work for pennies on the dollar?

Although taxing folks and creating gov't jobs has historically improved the economy, but, hey i dont wanna let facts get in the way of this corporate fantasy.



posted on Jun, 4 2011 @ 09:55 PM
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reply to post by incrediblelousminds
 


Why shouldn't we demand higher wages, we have the most productive work force on the planet, and we develop most of the technology. Why should most of the money go to the fat cats who do nothing but game the system and make it less efficient, not more efficient.

More importantly is it higher wages that drive an economy, not investment. Higher wages create higher demand. Notice how all of the first world economies have higher wages, and the third world economies have low wages. China will never become a first world economy until they raise wages high enough to create domestic demand.

How did S Korea go from third world nation to first world nation? They developed strong unions and voted out the crooked politicians who only supported the elites.

How is it that Germany's economy remains strong? They continue to pay high wages, and the way they handled higher productivity needing less workers is they shorten work hours and take lots of vacations. That is how the economy should be ran here in the U.S..

What keeps Mexico poor, is that anyone who tries to start a union is murdered. Unions are what created market economics in the first place through the trade guilds, which were the early forms of unions.

If you took a good look at history, you would see that all of this is true.



posted on Jun, 4 2011 @ 09:57 PM
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reply to post by Section31
 


I don't know where you get your information, or how you do your math, but both are completely wrong.

Obama has added very little percentage wise to our national debt, not nearly as much as Reagan and the two Bushes.

Why don't you people ever bother to look up the facts. If you did, you would know how badly you have been lied to.

Edit add

And to your second post, hardly, we were in much deeper debt at the end of WW II. They got us out of debt with high taxes on the rich, and at the same time rebuilt our infrastructure, and loaned our former enemies the money to rebuild.

We should follow the same game plan Ike went with.

Seriously, you need to learn some facts about history.

edit on 4-6-2011 by poet1b because: respond to second post.



posted on Jun, 4 2011 @ 10:05 PM
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Originally posted by poet1b
reply to post by incrediblelousminds
 


Why shouldn't we demand higher wages, we have the most productive work force on the planet, and we develop most of the technology. Why should most of the money go to the fat cats who do nothing but game the system and make it less efficient, not more efficient.


Sure. I dont disagree. But what you think we 'deserve' and what the market actually dictates may be very different. It's most certainly in labor interest to demand higher wages. But I also dont think here is a chance thos ehigh wages will come back in the way we once enjoyed the,





If you took a good look at history, you would see that all of this is true.



I think you are thinking I support the idea of lower wages merely because I pointed out that lower wages would bring jobs back. I have no real opinion either way. Higher wages would be nice, but who will by our products? How would we legislate higher wages while attracting industry?



posted on Jun, 4 2011 @ 10:06 PM
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I do not understand the talking points being presented. I made around $28,000 and paid a hefty tax bill two months ago. The owner of my company makes a lot more than me. Like any intelligent businessman, he already writes off investments in the company so he did not need more tax breaks to invest in his company. He knew that, we knew that. He got a nice refund. Since most people that are customers are like me, too poor to afford my companies services, the company had no need to hire or expand. With no customers, it makes no sense to hire more people, so he took his family to France for two weeks and spend his tax refund there.

That is the Republican American dream. Seem sustainable?



posted on Jun, 4 2011 @ 10:16 PM
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WTG Obama!

Not extending the tax cuts is perfect, why do tax rates stop increasing after middle class salaries?

The more you make the more you pay. Period

Were not talking socialism here, we are talking domestic capitalism

No one in America should have over 100 million dollars. The people who do have over 100 million dollars have it because they have become internationalists and have sold out there fellow countrymen's jobs



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