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flip-flopper
Well I knew you were aware what was happening.
flip-flopper
So no one will pay higher taxes.
Another quality Wild Cobra thread.
But by making people think the rich would pay higher taxes, Obama caused the recession, which was all a ploy to implement socialism.
My view of Obama has changed over the last several weeks. I, for one, welcome his reluctance to raise taxes in a recession. This guy is smart enough--and scared enough--to realize that any substantial economic changes implemented during his first two years will give him ownership over the economy. He doesn't want to risk losing Congress to the Republicans in 2010.
That is, Obama doesn't seem to be interested in pushing his leftist agenda right away. He seems to be trying to lay the foundation for a long-term, durable Democratic majority. He's more Clinton that Carter, and for that I'm grateful.
Assuming Obama is the man that I think he is, he probably hopes that when the economy recovers--which it will--he'll be able to just let the Bush tax cuts expire and declare victory. Couple that with the presumably peaceful withdrawal of US troops from Iraq, I bet Obama will be a fairly popular president poised to win reelection in 2012.
His main challenge will be to prevent foreign policy and national security concerns from making people miss the relative safety under George Bush. Obama campaigned hard on promises to withdraw from Iraq, to close Guantanamo, and to speak with our enemies, like Iran--all of which seem to be popular with the voters. What if Iran develops and successfully tests a nuclear weapon before 2012? What if we withdraw from Iraq too soon and a civil war erupts and puts the world's oil supply at risk? What if we experience a catastrophic terrorist attack in New York or LA or DC? This is Obama's main vulnerability, politically.
"relative safety under George Bush."
dubya's WTC, Iraq, Afghanistan disasters made the USA safer?
"puts the world's oil supply at risk"
The world already survived having dubya's war-for-oil shutdown a lot of Iraq's oil.
The heavy US occupation of adjacent nearby Gulf states, plus the nearby Navy would very probably contain the inevitable civil-war-for-oil in Iraq.
"What if we experience a catastrophic terrorist attack in New York or LA or DC? This is Obama's main vulnerability, politically."
We already had one in NYC, and the US gave dubya a pass on it. Why would the USA not give Obama a pass if DUBYA's police state measures fail to stop another attack? (The US knew about the Mumbai attack, told India, but still the attack occurred. the dubya WH was told about the "planes into buildings" chatter, but dubya went on vacation, his NatSec people did nothing, as even the wimpy, cir scribed 9/11 Commission pointed out.
Periods of high US taxes have been periods of high investment in the Real Economy with ensuing growth in wealth and productivity.
Low taxes make money available ($800B just from dubya's estate tax cuts) for chasing high returns via leveraging, speculaton, private equity/hedge funds in the non-Real Economy, like in bubbles such as Internet, housing, commodity bubbles, the "financial instrument" bubbles like MBS, CDO, CDS.
iow, you can't really trust the capitalists with $Ts of unregulated funds because they us all up every time. Never fails.
But we hear the dead-end, dead-wrong conservatives saying capitalists and free-markets allot capital better than the govt. Go All Y'all
That's right. Squirm when you are caught, change your words.
The first one as a whole is what I was referring to, and we have discussed it enough that you know I meant the 95% part is included.
95% of the people cannot get a federal income tax cut because only about 60% pay any federal taxes by the end of the tax filing, adjustments, refunds, etc.
A true tax cut is what conservatives want and liberals try to stop. Liberals want to redistribute wealth, which is what happens when you find a way to introduce more large tax credits. In reality, it's only a tax cut for those who still pay taxes, or take their balance to zero. A true tax cut doesn't benefit the 40%, which liberals want to give them more money, effectively buying their votes in the future!
What are you even talking about?
You said everyone will pay higher taxes.
But now it looks like no one will pay higher taxes.
You're wrong.
You are trying to squirm out of being wrong by changing the subject of your own thread.
That's funny.
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