I hope that President Obama in his State of the Union speech tomorrow night would change course and announce the following: 1. Reduce taxes on all businesses across the board. 2. Eliminate restrictive regulations that hinder business growth. 3. Have a tax holiday of one month for every American. 4. Develop new energy sources in drilling for oil, move to natural gas, nuclear energy plants to gain energy independence from the Arabs. 5. Restart over the Health Care Reform to include the Republicans to get a bipartisan bill. 6. Announce national science and technology projects in partnership between government and private industries to create new industries that will create new jobs much like was done in creating the Internet. 7. Reform the tax code system or create a new tax system by eliminating the income tax and go instead with a sales or flat tax. Will he change course or will he be mired in a failure to create jobs and run the risk of losing more of his party in the coming mid term election in November and for him to be a one term president in 2012?
"His" speaches are written by somebody else. For all you know..the same guy that writes Palin's speaches writes Obama's. Washington is just a puppet show.
A bipartisan HC bill is over and not going to happen. The GOP has shown that they not only don't care about HC for Americans, but refuse to work with the President in any way shape or form. Its enough with Obama playing mister nice guy, its time to use the bully pulpit that swept him into office in 08 and get shyt done. Force HC reform through using reconcilation, we can't afford to spend a month longer discussing HC. He spent most of 09 doing that, its time to move on and start talking about jobs, thats what most Americans want to hear about. The dems better shape up, before the Nov midterm elections, if the rethugs gain control of congress, it will be a disaster for Obama. Historically, the party in power always looses in midterm elections, but the dems need to make sure they don't loose their majority at least.
Not across the board, reduce taxes for those who hire Americans. Isn't enough interest rates are at 0%? I like it, but I don't see that happening. He's from the tax and spend crowd, isn't he? Definitely, but Obama believes all the C02 nonesense though, which could hinder some of those sectors. As a person who believes in Universal Coverage, I could care less about that bill they put forward, if they dems had any balls they would get it done, damn the republicans. The private sector will take care of this by itself. lol, that's a pretty big one. I agree with it, but how do we pay the debt on the private federal reserve? We have to get rid of the fed if you want to eliminate income tax. The taxes are also going for Afghanistan and Iraq, or are we borrowing from China for that to? More Taxes, bud, it's gonna happen!!! As flaminghetero said, he's a puppet, this is my world view as well, but that's a different thread. Obama is a good salesman, but he might have promised something he couldn't deliver, and if the employment situation gets worse, well let's hope it doesn't...
I have 2 questions for you: Why is it that the GOP has never made healthcare one of it's priorities when they're in the majority? And what did John McCain's campaign slogan of "Country First" really mean?
Including Goldman Sachs, and Walmart, and everyone else screwing the average working American. Good idea. It's not like, in times of great prosperity, they would continue to lay people off and cut benefits. Okay, so that's exactly what they did the last time we were in a time of great prosperity, but I'm sure this time they'll act more responsibly. How far back shall we go? Pre-1930's? Perhaps we can have a depression. Ooh! Maybe they'll bring back flapper dresses. That would totally be worth it. Technically speaking, wouldn't that cut the amount that poor working families get from the Earned Income Credit? And he's going to do this after cutting taxes, and after lifting all those restrictions. How exactly is he going to "develop" these new energy sources, when businesses no longer have those pesky restrictive environmental regulations and there's no longer any tax money in the budget? Is he just going to pull energy sources out of his butt? Sir, are you alleging that the President of the United States is hiding renewable energy sources in his butt? Because I don't know where else you think he's going to get them, with no business incentives, no regulations, and no cash. Republicans were included. It was a bipartisan bill. Except amongst those Republicans who said they would not vote for any health care bill, no matter what. Why would you want Health Care Reform at all, if you are a Republican? Shouldn't the poor just die off already? They're only taking up space, after all. You don't want a public option, you don't want any restrictions on business -- and insurance companies are businesses. What "reform" would you like? Clearly you don't really want any preexisting condition reform, whatever the republicans say, because really that's an unfair restriction on insurance companies, and could have a negative impact on that industry. Or was it just the bit about preventing women from having abortions that you'd like to pass? What incentives do private tech industries have to work with the government? You have no money, you cut taxes, remember? See, now you don't even have roads for the people that work for private tech industries to get to the meetings with the government, so I'm thinking you're going to have to give up on that whole tech-progress-partnership thingy. If he looses more of his party, believe me, it won't be because he didn't cut taxes on businesses. I know we on the left occasionally misjudge thou on the right, but believe me -- that's not how we think.
My two cents Blacktiger I'm curious to know whether or not if these changes are feesible. Last time I checked a government worked for the people not corporations and everything you proposed favors corporations that rely on American revenue but love screwing over American people. How unpatriotic of you sir.
No, those proposals are not feasible or even intelligible. Cutting the tax rates to irresponsibly low levels on corporations and the rich and doing away with strict regulations on big business are what got the us into this mess in the first place.
No to mention cutting taxes doesn't insure that companies will act in favor of the people especially when their only concern is profit and not civic responsibility. They'll continue to outsource leaving the American consumers with little to no job prospects. They are only loyal to stock holders that's it. You should take a look at this documentary called the Corporation. Amazing stuff.
They are feasible under a leader who is willing to implement them. A leader who takes charge and butt heads to make it happen. President Obama is not that kind of leader. The government works for the people. The people are the government. They are the ones who hire and fire those bastards who do not work for them. Corporations are entities that provides unparallel resources, services to us all. Without them the United States would have never have been the world power it became. Socialists and communist hates the corporation. See what happens when Americans has been dumbed down to be screwed over by their government, media, and yes some unscrupulous greedy business interests. Why the fuck you think Teddy Roosevelt took the actions he did against big corporations in his time and he was a Republican. I guess I'm unpatriotic.
one, they were fucking short sighted and small minded and two, on McCain was he just was trying to be patriotic to get the country to think of the nation first rather than individually thinking of themselves, like President John Kennedy once said "Ask not what your country can do for you but what you can do for your country", damn how people forget history.
You are a fucking idiot. It was the housing crises in the mortgage market which banks were forced to give loans to people who could not afford them and did not make the payments which spiral out of control and involved the financial houses on wall street that started the mess we are in. Ever heard of Fannie Mae and Freddie Mac played the biggest role of all and they are government control. These fucking socialists are getting tiresome here.
Okay, so how different was voting for John McCain thinking for my nation and somehow voting for Barack Obama would be me thinking about my own interests? Hold up, did you just quote John F. Kennedy????:smt104 Was that difficult for you to do since you are a staunch conservative?
Originally Posted by raocha No, those proposals are not feasible or even intelligible. Cutting the tax rates to irresponsibly low levels on corporations and the rich and doing away with strict regulations on big business are what got the us into this mess in the first place. Not that he needs my help BT but Raocha has proven himself time and time again to be a man of great intellect and wisdom around here. Furthermore, you are both right, Corporate welfare, and complete lack of oversight, and in fact complicit participation in the derivatives, and secondary mortgage markets by organizations like Fannie and Freddie (who were tasked by our government to be the watchdogs) played a large part in the current economic crisis. The cycle went like this, the government (through Fanny and Freddie, who up until the bailout were privately held government sponsored entities) lowered the restrictions on qualifying for mortgages to foster home ownership for more Americans, they were not forced to participate, they saw $ and jumped right in. What they did not count on was that , mortgage companies took these looser restrictions and went hog wild lending to anyone with a pulse regardless of cash, collateral, or credit health. They made a fortune in "sub-prime" loans sticking people with adjustable rates and terms they did not understand. Wall street took a look at this scenario saw all the money being made and wanted to play as well, so they designed a security (derivatives) that used these bundles high risk mortgages sold on the secondary market as the underlying collateral for the security (i.e. mortgage backed securities, or collateralized mortgage obligations). Firms like Bear Stearns, Merril Lynch, ect. sold these derivatives to EVERYONE, pension funds, insurance companies (AIG) foreign countries, domestic governments, you name it, there was so much money being made, everyone was greedy. Everything was fine until the Fed (another private entity) raised the fed funds rate 17 straight times, so eventually interest rates/payments on all those adjustable rate mortgages increased 17 straight times. This is where all the trouble started. Those that had all the risky mortgages started to default as their payments increased, thus there was no income stream on the Mortgage backed securities to pay all the great returns to those that bought the securities. Thus, almost overnight the subprime market disappeared as fanny and freddie stopped buying such risky loans, thus indymac, new century, greenpoint, countrywide, ect. either went out of business or got bought by someone else. Also all those who bought and sold all those derivatives got hit hard, bear stearns, merril, AIG, all of those firms that received our tax dollars to bail them out were in dire straights because they invested too much in such risky investments. Then fannie and freddie tightened up the lending restrictions, drying up the credit lines that most small businesses rely on for payroll loans, forcing them to lay off employees. Thus a mortgage problem, became a wall street problem, became an overall economy problem both domestically and international due to the increasing debt and deficits caused by the bailout and stimulous packages. There certainly is plenty of blame to go around, I urge everyone to read "In Fed we Trust" does a great job of explaining this scenario in great detail and will chill your blood as to how close we came to complete financial disaster.
