B-b-b-b-ut, what if we cancel the $200 million the governor of Alaska wanted to siphon out of the public trough this year? Would that help?
~John "Definitely Not Ready for Prime Time" McCain

Greenspan was wrong to approve the Bush tax cuts and he should admit it.

That's OK guys! We'll just put it all on our Chinese Charge Card.
They don't EVER want to be paid back.
Isn't that right?

"They don't EVER want to be paid back.
Isn't that right?"

Posted by frankf55

China's been around for a few thousand years.
They're patient.

"Greenspan, a lifelong Republican and longtime friend of McCain, said today on Bloomberg Television's Political Capital With Al Hunt that "I'm not in favor of financing tax cuts with borrowed money.""

A little late, Alan.

That ship sailed, after you christened it.

Jesus: Feed my sheep.

Democrats: Feed the poor.

Republicans: Feed them to the rich.

Americans can't afford Obama's tax plan.

"Americans can't afford Obama's tax plan."

How would you know that? What, specifically, of Obama's tax plan, can America not afford?

"Greenspan was wrong to approve the Bush tax cuts and he should admit it."

Greenspan didn't just approve 0f the tax cuts, he tried to use the power of the Fed to make it appear that they had actually stimulated the business world and they preserved that illusion for most of the Bush presidency. Unfortunately now, towards the end of that presidency the results of their policies are becoming all too obvious. I think Alan Greenspan must know that he indicts himself with his accusation.

The only difference between Obama's tax plan and McCain's, is that Obama pretends to be able to give 95% of America households tax cuts, along with healthcare, along with 5 million "green jobs" and a revolution in so-called "green energy"--all by raising taxes on the top 5%.

Well, if you believe it, he might be your candidate.

Obama's tax plan is to tax all the private businesses every bit of their profit and distribute it amongst the less fortunate of the State. Sound familiar?

Google it.

The Power of the State! Gobama! We need big taxes soon!

"Obama's tax plan is to tax all the private businesses every bit of their profit"

You're either a liar or an idiot. Maybe both.

Link, please?

"The only difference between Obama's tax plan and McCain's, is that Obama pretends to be able to give 95% of America households tax cuts, along with healthcare, along with 5 million "green jobs" and a revolution in so-called "green energy"--all by raising taxes on the top 5%"

The realization that Obama could represent greater change than most folks think possible disturbs some groups in America. Hey, it's unlikelly that Barack's dreams could be true but I will at least continue to believe, how does cynicism now give me a better outcome?

NO PROBLEM...CHINA NEVER WANT TO BE PAID BACK ANYWAY....

You're right. It disturbs me that Obama says he wants to change so much, in a country that's got most things down okay. After all, we're the world's oldest constitutional government, the world's most powerful military, the world's largest and most dynamic economy, the world's richest country. I get nervous when a guy with a resume centered around activism and Black Liberation Theology starts talking about "we are the change we have been waiting for"--to the cheers of thousands who pretend to know what the hell he's talking about.

We've got problems. Obama ain't the answer to any of them.

"in a country that's got most things down okay"

We just added a $150 billion stimulus plan to a $500 billion bailout and an off-budget war while watching the fed outlay to cover the interest on the debt go from one dollar in every nine to one dollar in every six.

Bush just presided over the world's first trillion-dollar deficit. But dividend taxes for the wealthiest are down over 60% since Bush took office...Mission Accomplished!

"in a country that's got most things down okay"

Switzerland.

Hey Dimfroth, do you ever take a 5 minute break from blogging?

"do you ever take a 5 minute break from blogging?"

Only on days you're not drunk...so, no.

Balanced budgets? Thats for the 'other' party...

Those that believed Greenspan when he headed the Fed were morons - those that listen to him now are truly clueless. Greenspan's policies are about 75% responsible for the mess we are in currently. I just wish this evil moron would die already and spare us any more of his 'wisdom'...

rex how did you get RCADE to let you use your old name again?

btw you have 2 dumps you better chill out

Wasn't Greenspan overheard calling Sarah Palin a "PIG" earlier this week along with Obama?

The RNC needs to get a new commercial out approved by John McCain ASAP !!

Obama's tax plan is to tax all the private businesses every bit of their profit

I'm not goona Google that unless you're a bit more specific.

How about a link instead? I'd love to see where you got that.

Probably out of your ass.

Americans can't afford Obama's tax plan.

#7 | Posted by KBM at 2008-09-13 09:11 PM

Seems to me if America can afford to spend $10 Billion a month to pay for a bullshit war in Iraq perpetrated by the biggest incompetent Dick this country has ever had for a President....We can afford to pay for just about anything.

The problem is we can't afford the 10 billion.

Greenspan thinks flipping a house contributes as much to the economy as building a house.

This man trashed our economy in order to promote the Republican Party in 2004, and we can't do anything about it.

But he's spot on in this case.

Clinton passed on the tech bubble to Bush. Greenspan passed on the mortgage crisis to Bernanke, only the dam did not burst on his watch.

But God likes shaking things before releasing blessings.

The economy will recover and along with development of energy independence (years in the making, but not too far off), America will rise to economic heights never seen before.

The problem is we can't afford the 10 billion.

#27 | POSTED BY TEDBAXTER

Shit Ted, with the way Lil Bush has fucked up the economic policy in America the US cannot even afford a trip to Sonic for buy on get one Sonic Shake.

Awesome, the mythical man in the sky is gonna solve all of our economic woes.

We are truly fucked.

Greenspan said tax cuts WITH spending cuts... that's been the problem since 2003... tax revenue increases so the Congress spent like drunken sailors... we need to sustain the Bush tax cust AND cut spending - go McCain/ Palin

".....AND cut spending"

FF

Greenspan singlehandedly destroyed the GLOBAL ECONOMY. not just the US.

He raised rates 17 times in a row without giving the market a chance to react and created the tsunami wave of death for our present economic conditions.

NEVER FORGET.

Reich said "we are the world's most powerful military, the world's largest and most dynamic economy, the world's richest country. I get nervous when a guy with a resume centered around activism and Black Liberation Theology starts talking about "we are the change we have been waiting for"

Well your right about one thing...your nervous about Black man. 8 more years of Bushies doctrines and they will accomplished their goals of Destroying the USA.

Jack strap said" Those that believed Greenspan when he headed the Fed were morons - those that listen to him now are truly clueless. Greenspan's policies are about 75% responsible for the mess we are in currently. I just wish this evil moron would die already and spare us any more of his 'wisdom'...

Yeah dont listen to the man who knows how much the USA really owes the world! You dont think Busies Boys censored him? Hell If Greenspan told the complete truth he wouldnt be walking upright, He would be six feet underground. Hey Jack Strap maybe you need to move that strap back up to cover your mouth again.

We live in a country whose constitution guaranteed that you could not have your personal space invaded and rifled through without cause or warrant, could not be secretly imprisoned without access to a court system, could not be executed without knowing the charges and having a fair trial.

Bush changed that. The "change we need" that Obama proposes to enact, is to restore our constitution. Hell, restore the Magna Carta, the foundational document for Western Civilization. Oh, and while we're at it, billiionaires need to go back to paying their fair share.

The Constitution is fine. George Bush defended the country well from our enemies. It is silly and presumptious for anyone to think 'he' (Obama) can restore something that needs no restoring. Empty promise.

Takeitez,

You are truly the most ignorant poster on this web-site. I have never seen anyone that is consistantly wrong about everything.

People like you make me want to reconsider my stand on euthanasia for the 'brain-dead'.

Don't worry the Mukluk Messiah will find all the efficiencies she needs in the 18% of the budget that is discretionary and on the table to offset those trillions of tax cuts.

Let's make it real clear the Bush tax policy has not produced increased tax revenues. The business made from cheap debt and related housing market did. Now that the financial industries are in a shambles and will not be paying taxes for the next 10 years. (That's right you can carry losses forward indefinitely) And housing is effectively dead with very little transactions occuring which would create profit taxing opportunities let alone construction jobs. The spike in oil and pther commoditites also made spiking tax opportunities as well that we will not see in the near future. We are dead. You will see a cliff in tax revenue dropoffs for 2008. Sure tax revenue pickup from 2003 but the Repbulcians never mention the drop from 2000-2003 in tax revenue as a result of tax cuts.

Oh and the "dot com" crash had a tiny impact on the US economy. The housing and debt crash is several times larger.

Simply put if the next president does not raise taxes the US goes bankrupt.

After all, we're the world's oldest constitutional government, the world's most powerful military, the world's largest and most dynamic economy, the world's richest country.

We certainly didn't get that way with the likes of GWB at the helm. Four more years of his kind of economics and foreign policy and we will be in an even worst situation.

"Let's make it real clear the Bush tax policy has not produced increased tax revenues" Is this your edumacated opinion.

Three very successful and growing states: Texas, Florida and Arizona

Three faltering states: Illinois, Ohio and Michigan

Why: low or no taxes in the first three which brings in business and MORE revenue and MORE jobs... as opposed to high taxes which brings in low revenue. By the way, did you know many of the companies are leaving the high tax states and moving to because of tax advantages and opportunites for growth. Oh, those corrupt corp. execs, they should just stay put and pay their fair share and go bankrupt.

And by the way, the tax cuts were in 2003, not 2000...

"After all, we're the world's oldest constitutional government"

You're a citizen of San Marino?

ROFL

Three very successful and growing states: Texas, Florida and Arizona

Three words.

Illegal immigrant labor.

And by the way, the tax cuts were in 2003, not 2000...

#42 | POSTED BY SMASHMOUTH

Wrong.

The Economic Growth and Tax Relief Reconciliation Act of 2001 was passed in.... well... 2001.

smashmouth,

You really miss bush's tax cuts in 2001 which reduced income tax rate extensively. I wasn't referring to the LTCG dropping to 15% in 2003. But my argument is still spot on.

You think the drop from 20%-15% would encourage the wealthy to invest their money rather than just get interest? You obviously have never heard of an investment portfolio nor remember the huge growth in investments in the 90s when capgain taxes were much higher.

Let's discuss the efect of capgain tax lowering as well. Do you really think high net wealth individuals will automatically start opening the floodgates in six month after the law change? You must be silly.

What caused the surge in investing was not the drop in tax rate but cheap credit. You have heard of "gearing" haven't you? As probably not that's the ratio between capital and debt. There were many schemes out there that were geared 50+ times. Waiting to crash. The subprime is just a small piece of it now the commerical debt is crashing as well.

You really have no idea the mix of cheap credit, commoodities and housing has played on the so called "growth" that has occured since 2003.

You know nothing. go back to class little boy.

FURIO, your ego, and mouth, are so big you're tripping over them! Go get your medication, and belittle your next door neighbor for a while, brains are for educating, not acting stupid!

Those who are knowledgeable NEVER need to speak it! It is self evident! You are missing something quite necessary, in the make up of, your character!

Bush's tax cuts were in 2001 and 2003. The drop from 20 to 15% was intended, also, for the lower income investors to protect a little more of their money as it was invested individually and thru Mutual Funds, it worked!

The inflow of funds held in overseas accounts was impressive, to say the least, during this time-frame when the tax rates were adjusted to allow repatriation!

The mix was there throughout time, with the possible exception of the Carter years! The unmentioned culprit in ALL of this is OIL! The start for all of these current problems, research it if you will! GREED!

Try again, you'll develop your communications abilities with use, and much effort! Good luck though, you'll need it!

"Bush's tax cuts were in 2001 and 2003. The drop from 20 to 15% was intended, also, for the lower income investors to protect a little more of their money as it was invested individually and thru Mutual Funds, it worked!

The inflow of funds held in overseas accounts was impressive, to say the least, during this time-frame when the tax rates were adjusted to allow repatriation!"

Dogen, I love it when the mouth breathers such as your self want to debate on DR.

To say the LTCG was dropped to 15% to help people with mutual funds is a joke. Where did you pull this BS from? Mutual fund holders are the tiniest benficiaries of this tax cut. It's the rich who live off of wealth who gain from it , securities are a minority part of the total in fact. You include property, land, private enterprises, commodities, artwork, classic cars, so many freaking thing you never imagined. Your middle class do not hold much in the way of securities as they are heavy in debt. Most of the mutual funds help by the middle class are in 401k funds which are tax free.

And IF money is coming back to the US then it is because offshore tax havens are under attack by the IRS and are no longer a benefit but a liability to Americans. If you have to pay US taxes why keep it off shore? And that is only for dollar accounts. Most of the wealthy have diversified into a variety of foreign currency investments which cannot be brough into the US.

You are a fool. Please post the links where you got these brown nuggets from so I can have a laugh making fun of you pathetic sources.

Gee, I wonder if Mr. Greenspud thinks America can pay for Obama-care health care, as well as all his other promised nanny crap? Naaaaah, such money comes from the magic hat that Dems seem to believe exists whenever their candidate comes up for election.

Gob.... I'm sorry to say that I have not been enticed by your messiah promising to bring wholeness to the Constitution. But I understand your paranoia.

Then why is there a steady stream of corporations backing Obama?

Then why is there a steady stream of corporations backing Obama?

#51 | Posted by questinia at 2008-09-14 06:42 PM |

They are hedging their bets you idiot. They always do that. Wake the fuck up Einstein.

"Then why is there a steady stream of corporations backing Obama?

#51 | Posted by questinia at 2008-09-14 06:42 PM |

They are hedging their bets you idiot. They always do that. Wake the fuck up Einstein."

You guys are both retards. Corporations are unable to donate to any campaign. It's the employees of the corporations who are being registered as campaign donors. There are many Obama supporters who work in corporate America. You know those highly educated elitists.