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Hope and Change (Read 248 times)
WebsterMark
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Re: Hope and Change
Reply #15 - 09/09/12 at 15:13:43
 
Retread; it has gained back most of its loss!

No, it has not. Most of the jobs gained are much lower paying which is why the wage number is lower. I think I just read somewhere, could find it just now but I’ll look, where the industry that gained the most is restaurant. That’s not the jobs you want to gain.  So no, there has not been steady job growth. There is no way to hide the facts; we are going nowhere.

Rebuild the nation’s infrastructure?
I thought that’s what the last stimulus was for and where did that get us? No where. All we did, to quote Paul Ryan correctly, we Borrowed and wasted almost a trillion dollars. The idea that ‘green energy’ is key to our growth is complete nonsense. Please, please please don’t fall for that line of crap. We’ve been saying that for 10 years now and all we’ve done is spent hundreds of thousands of dollars to create each job.
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WebsterMark
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Re: Hope and Change
Reply #16 - 09/09/12 at 15:14:37
 
Exxon Mobil has made more money than any corp. in the history of the world! Do they pay any taxes?
I have no idea what they paid in taxes. I assume you're going to tell me zero.
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WebsterMark
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Re: Hope and Change
Reply #17 - 09/09/12 at 15:15:30
 
cut foreign aid and military spending first. Thats the biggest piece of the pie
I don't believe that's true.
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Midnightrider
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Re: Hope and Change
Reply #18 - 09/09/12 at 16:06:19
 
I'll save you some time this once, taken from the Huffington Post. "In 2009, Exxon Mobil made $19 billion in profits. Not only did Exxon not pay any federal income taxes, it actually received a $156 million rebate from the IRS, according to SEC filings." "2. End tax breaks for big oil and gas companies. Exxon Mobil, the most profitable corporation in the history of the world, not only paid nothing in federal income taxes in 2009, but received a $156 million tax refund from the IRS, according to their own shareholder report."  http://www.huffingtonpost.com/rep-bernie-sanders/end-tax-breaks-for-profit_b_...  Its time the rich and the large corporations started paying taxes and consider it the cost of doing business in my country. They use roads, bridges and everything I have to pay for a thousand times over more than I do. Web if you're not aware of this I can understand why you're a Pub. The middle class and the poor are tired of the burden and tired of paying for the filthy rich to get richer. Web are you playing dumb? You're a businessman and read the Wall St Journal. That should be common knowlege to any businessman!
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Starlifter
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Re: Hope and Change
Reply #19 - 09/09/12 at 16:24:55
 
"No, it has not. Most of the jobs gained are much lower paying which is why the wage number is lower. WM".

The federal minimum wage is just $7.25 an hour and hasn't been raised in three years. But a raise is much more overdue than that. If we look at the minimum wage 44 years ago, and simply adjust it for inflation, it would be more than $10 today.

This is another ugly symptom of what has gone wrong in America over the last 35 to 40 years. From 1979 to 2007, about 60 percent of the income gains have gone to the now infamous 1 percent at the top, with the majority of those gains going to the top 0.1 percent - people who made, on average, $5.6 million per year.

But some of the worst effects of giving more to those who have the most have affected people toward the bottom of the income ladder, and there is no excuse for it.

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Re: Hope and Change
Reply #20 - 09/09/12 at 16:30:47
 
 What I said is THE MARKET has gained back most of its losses! Jobs are always the last thing to return after severe recession.. You cannot regain the amount of jobs hemorraged over 08-09 in four years.. Look at Japan and the amount of time it took to recover after its severe recession.. THINK, our economy is huge, to turn it around takes awhile, it cannot be done in four years, period.. Yes, I'm better off than I was four years ago, I was sweating my retirement being the shortest in history due to market!

  The last stimulus just got the rebuilding process started, it basically just kept this nation from going over the edge, most economists say it should have been larger..
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Midnightrider
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Re: Hope and Change
Reply #21 - 09/09/12 at 16:53:39
 
WebsterMark wrote on 09/09/12 at 15:15:30:
cut foreign aid and military spending first. Thats the biggest piece of the pie
I don't believe that's true.

http://www.usfederalbudget.us/federal_budget_detail_fy13  Its hard to keep up with military spending right now, last I heard there was close to two trillion unacounted for. Web do I have to look that up for you? We need to put those guys building roads, bridges and dams. Just think about it Web, without roads, bridges and power your rich buddies are gonna have a hard time getting richer. DAH They never think about long term goals because they live and make money for the moment, ex, how manty CEO's last over 5 years? As far as military spending goes we're doing great with just Obama and a Seal Team! Your little Republican sissy who was too chikensh!t to go to war wants to start one immediately.The real American patriots like Star were in Nam doing one hell of a job with what they had to work with, not riding a bicycle around France. One sissy American warmongering president has already put us under, we dont need another one.
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Re: Hope and Change
Reply #22 - 09/09/12 at 18:19:36
 
When the costs that we are still paying out for WW11 come to a halt it will help some,I have a 92 year old aunt getting payments from the government because are husband was killed in Germany in 1943.Then we have all the soldiers that lost limbs getting up to $200000 a year,That will go on for another 60 years are so. We really can't afford wars.
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Midnightrider
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Re: Hope and Change
Reply #23 - 09/09/12 at 18:38:08
 
Bush declared 2 wars and cut taxes. Wonder if his Daddy got him a passing grade in math class? Now Eddie Munster Ryan wants to come along and cut my SS benefits (that I paid into for over 40 years) to pay for Bush's lies and warmongering. Hell No! Not without a fight!
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srinath
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Re: Hope and Change
Reply #24 - 09/09/12 at 18:40:36
 
Oh yea one more 1/2 truth and near complete lie -
Carter -> Reagan recovery was due to 2-3 reasons. Under carter the economy actually went down. There was no stimulus. Here the Bushies didn't want to be the 2 recession president and he decided to stimulus. Then the interest rate in 1980 was somewhere around 15%, there is an excellent option when you have 15% interest, you can lower the rate and magically stimulate. Also 15% interest = approximately 15% inflation, so there is just a little spark needed to get the economy going, the demand is almost captive and sitting and waiting ... 15% inflation is huge, we have negative, aka deflation.
Then here is the biggie - starwars - look it up. Reagan pretty much was waiting for the aliens to attack and was arming us to take them on.

So no, reagan didn't do tax cuts to the wealthy and stimulate the economy.

Cool.
Srinath.
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WebsterMark
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Re: Hope and Change
Reply #25 - 09/09/12 at 19:30:02
 
Midnight; Huffington Post published data from a calculation method created by a group called Nerd Wallet Markets after Forbes published their list of corporations paying the most taxes. See the list below.

Forbes then responded to the Nerd Wallet method of calculation that, being a liberal group, either on purpose or through sheer ignorance, did not take into account how taxes are paid in corporations doing business in multiple countries.  Look it up.

Not a big surprise, but Huffington Post printed data that was misleading and incomplete, basically a big fat lie. Again, not a surprise.

And now you will repeat this lie a 1000 times to the rest of your class warfare friends and the war against the classes will continue until the nation goes bankrupt and you will stupidity sit there and blame the rich guys more.  Nice one.



1. ExxonMobil
Income taxes paid: $27.3 billion
Total revenue: $486 billion
Net income: $41 billion
Effective tax rate: 42%
Data: Thomson Reuters Fundamentals via FactSet Research Systems via Forbess
2. Chevron
Income taxes paid: $17.4 billion
Total revenue: $254 billion
Net income: $26.9 billion
Effective tax rate: 43.3%
Data: Thomson Reuters Fundamentals via FactSet Research Systems via Forbess
3. ConocoPhillips
Income taxes paid: $10.6 billion
Total revenue: $251 billion
Net income: $12.4 billion
Effective tax rate: 45.6%
Data: Thomson Reuters Fundamentals via FactSet Research Systems via Forbess
4. JPMorgan Chase
Income taxes paid: $8.2 billion
Total revenue: $111 billion
Net income: $19 billion
Effective tax rate: 29.1%
Data: Thomson Reuters Fundamentals via FactSet Research Systems via Forbess
5. Wal-Mart Stores
Income taxes paid: $5.9 billion
Total revenue: $447 billion
Net income: $15.7 billion
Effective tax rate: 32.6%
Data: Thomson Reuters Fundamentals via FactSet Research Systems via Forbess.
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Midnightrider
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Re: Hope and Change
Reply #26 - 09/09/12 at 19:33:49
 
Very true srinath. The interest rate on my first house was 16.5%
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Midnightrider
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Re: Hope and Change
Reply #27 - 09/09/12 at 19:41:49
 
And I'm supposed to believe Forbes, the Magazine created for billionaires LMAO
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Midnightrider
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Re: Hope and Change
Reply #28 - 09/09/12 at 21:27:36
 
"blame the rich guys more.  Nice one." I blame the rich guys who have offshore accounts to keep from paying taxes. I blame the rich guys who refuse to make their tax records public. I blame the rich guys who go in and take over a company by paying only 5% down, borrowing the rest of the money from Lehman Brothers or Goldman Sachs and giving theirselves millions of dollars in bonuses then leaving the company so far in debt they have no choice but to fire employees. Bain Capitiol comes to mind. "Mitt The Twitt Lie Out of Both Sides Of His Mouth" the perfect posterboy for everything I hate about America.


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WebsterMark
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Re: Hope and Change
Reply #29 - 09/10/12 at 04:18:41
 
I need a break from you clowns....
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