State of the economy

[RIJIMMY]

Originally Posted by spence

Not really that amazing.

-spence

but contrary to everything they've been selling.

[striperman36]

Originally Posted by RIJIMMY

but contrary to everything they've been selling.

yes indeed it is. However, most of the growth in the world has been outside of the US.

[spence]

Originally Posted by RIJIMMY

but contrary to everything they've been selling.

Not at all, actually, just the opposite.

-spence

[RIJIMMY]

Originally Posted by spence

Not at all, actually, just the opposite.

-spence

so Obama and Biden have been successfully working to benefit the 1% of this country.
well hidie ho! theres news for ya!

[spence]

Originally Posted by RIJIMMY

so Obama and Biden have been successfully working to benefit the 1% of this country.
well hidie ho! theres news for ya!

No, I think they'd say the 1% will do fine regardless...but the key to sustainable growth is establishing a good convection that benefits all Americans.

-spence

[RIJIMMY]

Originally Posted by spence

No, I think they'd say the 1% will do fine regardless...but the key to sustainable growth is establishing a good convection that benefits all Americans.

-spence

no, dont try that. You said - "You did see all the companies reporting favorable earnings today didn't you? The stock market is cranking..."
Right? That wouldnt happen "regardless" the market could be tanking.
The market has improved and has benefited the 1%. if you're attributing an up market to Obama, then his admin is benefitting the 1%. I think there is plenty of data out there to back up the statment that most of america is struggling.

[spence]

Originally Posted by RIJIMMY

no, dont try that. You said - "You did see all the companies reporting favorable earnings today didn't you? The stock market is cranking..."
Right? That wouldnt happen "regardless" the market could be tanking.
The market has improved and has benefited the 1%. if you're attributing an up market to Obama, then his admin is benefitting the 1%. I think there is plenty of data out there to back up the statment that most of america is struggling.

Dude, Obama has proposed raising taxes on the 1% to help the country...because he knows they'll still be doing fine regardless.

No, don't try that.

-spence

[scottw]

Originally Posted by spence

Dude, Obama has proposed raising taxes on the 1% to help the country...-spence

raising taxes on 1% won't help the country

[Jim in CT]

Originally Posted by spence

Dude, Obama has proposed raising taxes on the 1% to help the country...

Spence, please tell me how tax hikes that might generate $90 billion a year, help the country, when we are still spending $1 trillion + more than we take in.

Obama cannot stop talking about tax hikes that migt generate $90 billion a year. Our debt is $16 trillion. If you ignore interest, and assume we can put that $90 billion toward the debt (which we can't because of $1 trillio annual deficits), it will take just about 200 years to pay down the debt. And of course, that all ignores the additional $40 trillion we need to shore up SS and Medicare.

So Spence, tell me why $90 billion has any significant impact, why is it even worth mentioning.

I agree the top 1% won't go broke if we take more from them. But it won't put any measurable dent in our situation. If we could fix things by tweaking tax rates on the uber-rich, I'd be in favor. But it's pure bullsh*t, designed to get thoughtless lemmings on the left side fired up about class warfare. Obama spends a huge amount of time and effort talking about something that is mathematically menaingless.

You should know better Spence.

[scottw]

Originally Posted by spence

...but the key to sustainable growth is establishing a good convection that benefits all Americans.

-spence

where do you get this crap?