Anyone here think President Obama will be seen as a failure if the present situation with our economy will not change?
Good grief. Do any of you truly stay politically informed? Has any Presidet had a 40 day beginning like this in which he pushes that must through successfully despite all the obstacles and difficulties the country is facing? Were any of you paying attention over the last two years when many were predicting the country to come to this disastrous point? Or how about back in September when it was revealed that this country was headed to a major economic downfall? Did any of you understand what some of the pundits were saying when they mentioned that this was the worst financial shape the USA has been in since the Great Depression of the 30s? What the hell did you think that meanT? And when Obama said himself that recovery won't happy overnight and that there may be some false starts and that it may get worse before it gets better....well, seriously did you think he was joking? No offense but stick your head out the window. This country is in horrible shape. My sister warned me about what the inidcations were and I started getting my finances in shape ever since. And a good thing too. Because the credit card crisis that will likley happen may make the home mortage crisis look like child's play. By the way the world is burning too. Everyone is tanking. Even China. Iceland had one of the top six economies in the world less than a year ago. Now the country is absolutely bankrupt. How bad is it? Its so bad that fucking people are rioting in fucking Iceland. This is unheard of. I suggest reading a bit more and getting more news from NPR and BBC which is not as influenced by politics from either side of the aisle. Keep yourself informed.
I was gonna go on a long ass rant myself, but you've done it for me. Bravo! (not that i'm saying you're ranting) .....
He keeps raising taxes in a recession and cause businesses to flee this country he will be seen as a failure. No matter how much the far left tries to sugar coat it. Juan Williams said it best, "Obama will be judge by how much he stands on giving people confidence in the economy, not on how much he bows to the far left in making decisions that may pull the rug right out from under him to appease those who may not have his best interest in mind". Rant on this one.
Uhhh...yeah. I guess if he wanted to instill the most confidence in the American people, he should stop collecting taxes or better yet, dissolve the federal government and let all facets of life be ruled by the free market because we've all seen how prosperous rock bottom taxes on the rich and the largest businesses in the country and a complete lack of regulation has made us. :smt105 Oh and if you think that Obama is representative of the "far left" or is somehow kowtowing to the "far left" (which isn't even represented by any well-organized political entity on the national level at present in this country) then either you have an extraordinarily skewed view of the political spectrum or you're a ignorant political dilettante who's confused the slanted pablum from the right wing talkshow pundits and shills for an actual representation of the current state of politics.
President Obama's vision to rein in the excesses of the top strata of this society is one that I support. Remember, the republicans have lost all credibility in their own reckless spending and deregulation policies of the last decade. Some of the blame for the mess we are currently in can be blamed on the Democrats as well as far back as Jimmy Carter in his initiative in "Community Re-investment" that set the stage for the housing crisies we have today. What I have a problem with the far left and far right is that their extremes have a choke hold on this country in which they ram down the throats of the rest of the more than 70% who do not agree with either side. There must, and I repeat must be a bi-partisan approach to solve the complex and perplexing problems of our time. We are in the mess because of the extremes of the left and right. The lapdogs who kiss and grease their asses will always as far as I'm concern will be nothing but ignorant puppets who dance on their strings. President Obama needs to look after the people who make this country great by giving confidence in the markets and in people that this country's best days lie ahead and not behind us. Is there opportunity in crises? Look at this country's history and tell me otherwise. It took people of vision to create the opportunities for all, not people who would rather sit and wait to be given something for nothing.
Every president raises taxes, it's just a matter of who carries the burden. For the past 8 years, it's been the middle class and Obama has seen fit to revert back to the Clinton era tax structure by the cutting the middle class a break and raising the rate for those earning over $250,000 annually from 36% to 39%. I'll give you a pass because judging from your posts, there is much that you don't know about the economy. Juan Williams, however, should be ashamed of himself because he knows that the Clinton era produced the largest peacetime expansion of our nation's economy in its history. I would caution you not to parrot him the future.
We need revamp the tax code. Get rid of the income tax, and the IRS and go for strictly a consumption tax. We need the Fair Tax as be promoted by congressman John Linder and Neal Boortz. Not to mention we need to get rid of social security tax medicare tax, corporate income taxes, death taxes, the self employment tax, the alternative minimum tax, the gift tax, the capital gains taxes, and the tax audits just to name a few.
:roll: How's the weather over there in fantasyland? I hear the clouds are made of marshmallows, the sky is peppermint flavored and that it rains Hershey's kisses and other assorted confections four times a month.
Remember the brilliant idea proposed by Huckabee? Eliminate the income tax and impose a 23% sales tax on all goods and services. Sounds like a surefire recipe for the further intervention of government into the economy, because consumption and investment (the other components of GDP) would drop precipitously. How do you propose that states and the federal government make up the revenue gap in a country where two-thirds of the economy is powered by consumption? If your local junior college offers economics, I suggest that you take a primer course.
The FairTax proposal which is gaining support across the country is being considered a huge issue for the mid-term election in 2011 and possibly in 2012 when the Democrats are thrown out of office. A new tax system is needed for this new economy of E-Commerce. Only the Luddites want to stop it. The Fairtax would only affect the Federal taxes. It would be up to the states to reform and modify their own tax systems or eliminate current state tax laws as Florida and Texas. If that is the way the people in those states want it. After the implementation of the Fair tax at the Federal level state governments will feel pressure to conform their own tax systems. The states will bow to political pressure and remove all income, payroll, corporate and business taxes and subsribe to the same inclusive sales taxes used by the Federal government By taxing E-Commerce on the Internet for instance, states can opt for a sales tax with no exemptions. According to estimates from the Department of Commerce, states lost more than $23 Billion in collections from the internet. Yes, taxes from the Internet "E-Commerce". It's only going to explode in the decades ahead with the Internet economy. Letting people keep more of what they make and own is the key, and not government. It's time to end tax slavery. State Governors have stated they would eliminate state income taxes because each state levies an income tax which uses Federal regulations to determine taxable income. Oh, by the way, those regulations would be obsolete under the FairTax. State Govenors have indicated they would welcome a move to taxing goods and sevices with no exclusions or exemptions. It would be an easier system to administer and would broaden the tax base. Eliminating exclusions and exemptions would allow states to reduce their tax rates. The people against any new ideas want to keep the status quo and maintain their power over others in the Nanny State. Taxation under the current system holds people down. It has become a system of robbing incentive to produce and create. Under the Fair Tax America would become a tax haven that would explode to do business. I think the Fairtax is great new approach to study to implement. This has parallels I see with another field with the Quality Control Improvement idea of Dr. Edward Deming who decades ago tried in vain to get American Automotive Industries to adopt Quality Control techniques into their manufacturing process. They refused and laugh him out of town in the late 1940's and 1950's. He took his ideas to Japan and rest is history. The Japanese embraced him. Other nations are looking at the ideas of the FairTax in our rapidly automated world and are currently picking it apart to apply a similar system to their own economies. But, the closed minded Americans refuse to change until it's too late.
A new movement is starting across America in the "mini Tea Parties" (A New Boston Tea Party Movement) for a new tax revolution. See the site below www.fairtax.org/site/PageServer Get the following book; The FairTax Book: Saying Goodbye to the Income Tax and the IRS, by Neal Boortz and Congressman John Linder, ISBN 0-06-087541-0 Also check out the following while you are at it: "Basic Economics" by Dr.Thomas Sowell, ISBN 9780465002603
Probably an avid follower of Mr. Paul's ideology. I have to admit, some of Mr. Paul's ideologies are rather inightful.
I agree, especially on foreign policy issues, but anyone who still believes in 2009, this great year of our lord that the Austrian school of economics will lead to a robust sector either got dropped on his/her head when they were a baby, or they are a wacko.
