Wow, the Wall Street banksters strike back

[merrylander]

I have the feeling that there will be a lot of wailing and gnashing of teeth next November and it won't be being done by just who people think.

[piece-itpete]

I dunno Rob, my 401k took a big hit last quarter & I know I'm not the only one. Still time to turn it around though.

Pete

[merrylander]

So did mine and who do you think was responsible. The same folks that have stood in the way of everything, except a moving bus unfortunately.

[Krazygrrl]

Originally Posted by merrylander

Corporate income tax relief is a scam, about the only ones that ever paid the 35% are small businesses without a good tax accountant. GE paid zip, nada, most other big corporations paid less than half.

Well, Obama has been in office for almost three years. That is plenty of time to make sure that GE pays taxes. Besides, are there not several former GE executives very high up in the Obama administration? Didn't GE give very generously to Obama's 2008 campaign?

One can throw stones in a glass-house all day, which will not solve anything unless there is some measure of tax reform.

[Krazygrrl]

Originally Posted by wgrr

Obamas hands have been tied by a do nothing 60% super majority Senate. He has never had both houses because of the Senate filibuster rules that Republicans have used over 200 times to block legislation that came out of the House. A president is not a dictator. To get amnesia about what happened before 2008 seems to be a Republicans favorite past time.

How can you have super majorities as a president, and still have your hands tied? That is an excuse inability, nothing more. Not even a budget was able to be passed under Obama. Yet, a wildly unpopular budget busting health care bill was passed. Passed in a way that made the US Congress look very much like the Russian Duma under Stalin - like a "rubber stamp" legislature. That, my friend, is very disturbing. Yes, quite right, Obama isn't a Dictator. Neither was George W. Bush or Bill Clinton, and both have proven themselves considerable more able than the Hawaiian.

[Charles]

Originally Posted by Krazygrrl

Chas,

I don't work for a bank, and never have. Economic policy starts in Washington, not on Wall Street. I point fingers to where the problem is: the failed economic policies of Washington.

Of course big-business is going to export jobs. Why shouldn't they? Washington makes it difficult to do business in the USA. Did you know that the USA has the highest corporate tax rates in the world combined with more environmental red-tape than "green" Europe? Imported goods have to be made more expensive that domestically produced ones. That is how you restart this economy. Cancel NAFTA, the Mexican component, as it makes no sense. Economic policy has to make sense for America, not for China, Mexico, or Brazil. That's the bottom line.

Boeing wanted to open a second, already built, production line in South Carolina... we all know what ole Barrack did about it. Now, these jobs that would have been created there are going to be exported to China or Brazil. Who is to blame for this? Not Boeing, but Barrack Hussein Obama and his Democrat friends who back him on this. This is just one of many examples.

Check out Post #20 on this thread, I'm pulling Erik's chain and not yours.

Actually, I pretty much agree with everything you have said...but I've been too busy renovating one of them rich 1% doctor's bathroom and keeping my last employee in beer and beans to contribute much more than the occasional wise assed remark.

Podunk engine of enterprise that I am.

Normally, whenever anyone to the right of Che shows up here, they wind up being beaten about the head and shoulders...but so far you have sidestepped the onslaught.

Now I can't tell if it's because you are a member of the fairer sex, or you have a couple of sheepskins on your wall as well, or your message actually resonates with the blame it all on the Republican's crowd.

But by all means, carry on. And pay no attention to me , I'm nobody or nothing.

Chas

[Charles]

Originally Posted by Krazygrrl

How can you have super majorities as a president, and still have your hands tied? That is an excuse inability, nothing more. Not even a budget was able to be passed under Obama. Yet, a wildly unpopular budget busting health care bill was passed. Passed in a way that made the US Congress look very much like the Russian Duma under Stalin - like a "rubber stamp" legislature. That, my friend, is very disturbing. Yes, quite right, Obama isn't a Dictator. Neither was George W. Bush or Bill Clinton, and both have proven themselves considerable more able than the Hawaiian.

Perhaps I was premature on my estimation that you have been given a pass.

Chas

[Krazygrrl]

Originally Posted by Charles

Check out Post #20 on this thread, I'm pulling Erik's chain and not yours.

Actually, I pretty much agree with everything you have said...but I've been too busy renovating one of them rich 1% doctor's bathroom and keeping my last employee in beer and beans to contribute much more than the occasional wise assed remark.

Podunk engine of enterprise that I am.

Normally, whenever anyone to the right of Che shows up here, they wind up being beaten about the head and shoulders...but so far you have sidestepped the onslaught.

Now I can't tell if it's because you are a member of the fairer sex, or you have a couple of sheepskins on your wall as well, or your message actually resonates with the blame it all on the Republican's crowd.

But by all means, carry on. And pay no attention to me , I'm nobody or nothing.

Chas

Chas,

I appreciate your opinion. You are certainly someone, with a view. That is good. Opinions are the basis for political debate. BTW: I was very unpopular at school because of my views. As a Graduate Teaching Assistant, I was known as the "witch" from the History Department as I demanded that the students that voiced political views (which is something I encouraged as History and politics are closely intertwined) also justified them through logical arguments. If they could not, I generally took them apart with the proverbial scalpel, or sometimes a machete. One of my students, who leans quite far to the left politically, told me at the end my last semester that I taught before I graduated (paraphrase): Tasha, you put your thumb squarely on my forehead pushed till it hurt, but you taught me critical thinking skills that I didn't have. That I took as quite a compliment.

Perhaps, one of the reasons I have sidestepped the "usual" is that I am neither a Democrat or a Republican, but a social conservative. Am I to the right of Che? Yes, but was Che actually on the "left". He, like many other "communists" (or scientific socialists if you will) are very much akin to the far right rather than left - just the message is different. There is actually very little difference between Hitler, Stalin, and Mao when examining political action. Furthermore, the latter two were much heavier handed, less scientific, less efficient, and far more brutal in many respects. Most people who idolize Che, have no idea that he was a mass murder and a terrorist. They idolize him, just like Castro (Fidel, not Raul) and Hugo Chavez, because they really don't understand the nature of socialist states. Nor have they read "Das Kapital" or understand the fundamentals of Marxist-Leninism. They long for a promised socialist utopia, which is an impossibility due to our nature.

There was only of these states, known to all of history, that worked. That is East Germany. That one, didn't work all that well. In fact, the East Germans were often referred to by their neighbors as the "Capitalist Socialists".

P.S. The sheepskins are on the wall, and the voodoo dolls near my laptop.

[piece-itpete]

Originally Posted by Krazygrrl

... than the Hawaiian.

Are you SURE he's Hawaiian?

Originally Posted by Charles

Perhaps I was premature on my estimation that you have been given a pass.

Chas

LOL!

Pete

[wgrr]

Originally Posted by Krazygrrl

How can you have super majorities as a president, and still have your hands tied? That is an excuse inability, nothing more. Not even a budget was able to be passed under Obama. Yet, a wildly unpopular budget busting health care bill was passed. Passed in a way that made the US Congress look very much like the Russian Duma under Stalin - like a "rubber stamp" legislature. That, my friend, is very disturbing. Yes, quite right, Obama isn't a Dictator. Neither was George W. Bush or Bill Clinton, and both have proven themselves considerable more able than the Hawaiian.

KG you are wrong on several counts.

Due to a Senate rule it takes a 60% super majority in the Senate to bring cloture to a bill so it can be voted on. Obama never had what you think of as a super majority in the Senate. At best, with, Bernie Sanders, they could only scare up about 52 to 54 votes trying to end the record number of Republican filibusters. If the filibuster is broken the vote would have only required 51 votes to pass. In the case of a 50/50 tie the Vice President breaks the tie. The truth is most of the legislation made it out of the House and most of it died in the Senate.

The health care bill in no way was "rubber stamped" after fierce debate in the Senate it passed. After fierce debate in the House it passed in a very close vote. That is about as democratic as it gets. Republicans could have easily blocked it in the Senate, but Republicans did not. Why?; because they wanted to use it to run against Obama in 2012. Yes, it was wildly unpopular because it did not provide any real competition to the for profit health insurance companies. A majority of Americans wanted a public option, if not a single payer system. I was against the bill because all it was was a mash up of Republican proposed ideas from paste debates. "Budget busting" yes in the Republican talking points world. In fact The CBO scored it as deficit reducer.

"In March 20, 2010, CBO released its final cost estimate for the reconciliation act, which encompassed the effects of both pieces of legislation. Table 1 (on page 5) provides a broad summary and Table 2 offers a detailed breakdown of the budgetary effects of the two pieces of legislation. CBO and the staff of the Joint Committee on Taxation (JCT) estimate that enacting both pieces of legislation will produce a net REDUCTION in federal deficits of $143 billion over the 2010-2019 period." (emphasis is mine)

Bill Clinton is a friend. My wifes law partner for many years worked at the Arkansas AG's office when Bill was the AG of Arkansas. My father in law was the dean of the UofA law school and was responsible for hiring Bill and Hillary to teach there. Need I go on. That "Hawaiian" (Kenyan, black man, communist, Hitler, Fascist, etc....) in the White House now makes Clinton look like a light weight in the brains department. He makes Bush II look like an idiot. Well, I admit, that is not hard to do.

Here is the link to the CBO numbers on the health care bill should you care to read the crunched numbers

http://www.cbo.gov/publications/collections/health.cfm