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05-09-2011, 03:46 PM
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Loyal Opposition
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Join Date: Oct 2009
Location: Johnson County, Kansas
Posts: 14,401
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Quote:
Originally Posted by piece-itpete
Bonuses aren't taxed at the same rate?
Pete
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Capital gains are not.
Regards,
D-Ray
__________________
Then I'll get on my knees and pray,
We won't get fooled again; Don't get fooled again
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05-10-2011, 12:18 AM
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Area Man
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Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
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Yeah, that whole "freedom to fail" mantra was a little bizarre. I guess I can understand it to some extent. But when you're talking about an industry that can drag the rest of the economy down with it.....Sorry, but I just don't see failure and total economic collapse as a principle of "freedom".
But, then as Kris Kristofferson wrote; "Freedom's just another word for nothing left to lose......."
Naw, screw that.
Dave
__________________
"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
Last edited by BlueStreak; 05-10-2011 at 12:22 AM.
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05-10-2011, 08:17 AM
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Possibly admin. Maybe ;)
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Join Date: Sep 2009
Location: Land of the burning river
Posts: 21,098
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Quote:
Originally Posted by finnbow
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But the bonuses paid with stimulous money WAS taxable at the regular rate, or no? I didn't see it in there.
I'm curious - since the government has been such an amazing success in private industry, 1) why doesn't it take over all large business, and 2) why not invest SS?
Pete
__________________
“How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn't make it a leg.”
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05-10-2011, 10:39 AM
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Loyal Opposition
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Join Date: Oct 2009
Location: Johnson County, Kansas
Posts: 14,401
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Quote:
Originally Posted by piece-itpete
But the bonuses paid with stimulous money WAS taxable at the regular rate, or no? I didn't see it in there.
I'm curious - since the government has been such an amazing success in private industry, 1) why doesn't it take over all large business, and 2) why not invest SS?
Pete
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So you have been converted to all out socialism.
In the case of the auto manufacturers and the banks, the government stepped in to avoid a crippling economic crisis with profound national and international consequences. The recession has been bad, but nothing like what would have occurred with inaction. The government is the only entity large enough to step in when such a large scale disaster hits. Otherwise, many millions of Americans would have been left to suffer total economic devastation. The likely result would have been even more concentration of wealth, as those who have resources would have been able to acquire property and assets at fire sale prices.
Yeah, the bank bonuses were obscene, and had the TARP program been initiated under the Obama administration, there would have likely been greater oversight over the use of the initial TARP funds. I am glad, however, that the US still has a competitive auto industry.
Regards,
D-Ray
__________________
Then I'll get on my knees and pray,
We won't get fooled again; Don't get fooled again
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05-10-2011, 11:15 AM
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Abby Normal
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Join Date: May 2009
Posts: 11,245
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Quote:
Originally Posted by d-ray657
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to be frank, someone should stick a folk in it (capitalism) to see if it is done
i gotta think it's time to get it out of the oven
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05-10-2011, 11:54 AM
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Possibly admin. Maybe ;)
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Join Date: Sep 2009
Location: Land of the burning river
Posts: 21,098
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Of COURSE there'd be better oversight under Obama
Pete
__________________
“How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn't make it a leg.”
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05-10-2011, 12:24 PM
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Area Man
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Join Date: Oct 2009
Location: The Swamp
Posts: 27,407
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Quote:
Originally Posted by piece-itpete
Of COURSE there'd be better oversight under Obama
Pete
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Well, Bush as a Republican, would be more trusting of private businessmen to do the right thing.....................And we've all seen how well THAT works.
Dave
__________________
"When the lie is so big and the fog so thick, the Republican trick can play out again....."-------Frank Zappa
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05-10-2011, 12:35 PM
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Possibly admin. Maybe ;)
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Join Date: Sep 2009
Location: Land of the burning river
Posts: 21,098
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We've seen the Minerals Management Service at work too.
Pete
__________________
“How many legs does a dog have if you call the tail a leg? Four. Calling a tail a leg doesn't make it a leg.”
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05-10-2011, 12:49 PM
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Reformed Know-Nothing
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Join Date: Oct 2009
Location: MoCo, MD
Posts: 25,913
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Quote:
Originally Posted by piece-itpete
We've seen the Minerals Management Service at work too.
Pete
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Hookers and blow seem to be the enemies of good oversight (same case for Wall St., BTW). Maybe we should make hookers and blow illegal.
__________________
As long as the roots are not severed, all will be well in the garden.
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05-10-2011, 02:21 PM
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Loyal Opposition
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Join Date: Oct 2009
Location: Johnson County, Kansas
Posts: 14,401
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Quote:
Originally Posted by piece-itpete
Of COURSE there'd be better oversight under Obama
Pete
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Actually, Obama did place limits on executive compensation for anyone who took new money under TARP, but those who got it from the previous administration had imposed no such condition. Therefore, Obama could not restrict the obscenity on those loans.
Regards,
D-Ray
__________________
Then I'll get on my knees and pray,
We won't get fooled again; Don't get fooled again
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