See, the thing is....every person reading this thread knows that President Obama has a better a understanding of economics, theory and practice, than you, Mr.Vicchio, will ever have.
If you want to convince us otherwise, explain why the suggestion made by the President is a bad one or a good one. That's how this works. Just posting and making pithy comments is worthless. Make an honest effort and show us your brilliance...:roll::roll:
Or just keep reposing the latest story you found on Drudge, keeping in mind that doesn't make you sound more intelligent -- it just highlights the whole partisan hack thing...
If he gets rid of the income tax, or dramatically cuts then I don't the problem. Even Peter Schiff conceded on his blog that a consumption tax would be a preferable option over an income tax.
I don't. In fact, I don't have much confidence Obama has an understanding of much at all and certainly if he does, it's nothing in practice at all.
I don't believe Obama is capable of replacing the income tax with a consumption style tax. I mean, I don't think he idealogically could bring himself to consider that. VAT as and added tax, yes. Replacement... no way in hell.
The fact that repubs have to paint Obama with the very epithets liberals levied against the Shrub is hilarious. They had to grit their teeth for 8 years listening to it and now... Obama is a clown and a puppet, how original. But if it makes you feel better... Don't worry, I'm sure you'll get the chance to put another dumbass in the White House some day. :roflI don't. I think Obama is a clown, a puppet and a figurehead. A guy who never really had a job that required any clue about economic reality. And I find the worship of that puppet to be hilarious
The fact that repubs have to paint Obama with the very epithets liberals levied against the Shrub is hilarious. They had to grit their teeth for 8 years listening to it and now... Obama is a clown and a puppet, how original. But if it makes you feel better... Don't worry, I'm sure you'll get the chance to put another dumbass in the White House some day. :rofl
So by your logic if Obama wouldn't have given a rebate this year then he would have raised taxes?
I just don't think you're being honest. They passed a one time rebate in 2008. If it said a rebate in 2008 and one in 2009 then yes, Obama would have been keeping the status quo cause he didn't have to do anything, he just let the existing rebate stay. If he and his congress actually had to add it in there though then it's his work and his tax cut.
And besides, many conservative on here are complaining about how he would LOVE to raise taxes, but when given the chance to just sit on his thumb and do nothing, (and by your logic) raise taxes by not give everyone the rebate, he and the congress chose to give the rebate. Regardless of how you look at it it pokes holes in the concept that he's just sitting around thinking of ways to raise taxes and ruin your entire life.
Lets try for some accuracy. There is no "he", as it was an act of Congress which was sponsored by the President. I am unaware of your understanding in regards to the macro economy. One of the characteristics in a deflationary recession is a sizable decrease in monetary velocity (that is dollar turnover has diminished). As income increases, so does the percentage make up of ones discretionary income income (after all the bills are paid). Given that consumers who make under $250k have a greater percentage of their income going towards discretionary spending, they naturally have a higher propensity to consume. Therefore, tax rebates to lower income individuals enacted under the label of stimulus will have a much higher multiplier effect than tax rebates to the higher income brackets. Why? Dollar for dollar, lower income classes spend more of their disposable income on consumption which is critical for an increase in both monetary velocity and aggregate demand. People who saved the rebate checks did not stimulate the economy, which is why tax cuts/rebates for an indebted consumer will not be nearly as stimulative as effective fiscal policy.
Obama did not give banks money. Do not get it twisted, FDIC banks are flush with excess reserves. However, Obama has nothing to do with monetary policy.
You do know that, if his lack of eligibility continues to be ignored, he is only entitled to 4 years. Even then, I doubt that he'll survive the November elections.
| Moderator's Warning: |
Why we try something really novel and state an honest Tea P opinion - "no taxes are any good at any time any where at any level "
Seriously, no one likes taxes but everyone wants services and better want a military defense and police and fire departments border guards and taking care of all of those Veterans that our little magnetic ribbons proclaim that we all support, and SPACE program, etc
so how are we to fund all of that ?
I'm not the one calling this a tax cut or tax raise.... :shrug:
people claim he is cutting taxes by re-rebating the existing rebate. That's whats dishonest....
Fact is, he will have to raise taxes to pay for all his nonsense.
And, no, I don't get a refund. Therefore I am paying more.
This is why I never considered a "rebate" a tax cut. They take my money then give me the "priveledge" of a small stipend back?
Please. Only fools would call what obama is doing a "tax cut"
This is why I said I am no accountant. You bored the hell out of me. :mrgreen:
But yes, congress and all that. However, Obama's policies dictate tax increases. do you disagree?
The fact that repubs have to paint Obama with the very epithets liberals levied against the Shrub is hilarious. They had to grit their teeth for 8 years listening to it and now... Obama is a clown and a puppet, how original. But if it makes you feel better... Don't worry, I'm sure you'll get the chance to put another dumbass in the White House some day. :rofl
Come on.... It can't be that boring. Or is it :cheers:
This is just another classic example of why people have begun tuning out "so called" conservatives.
Please show me $6 trillion in spending in 2009. :roll:
The fact that repubs have to paint Obama with the very epithets liberals levied against the Shrub is hilarious. They had to grit their teeth for 8 years listening to it and now... Obama is a clown and a puppet, how original. But if it makes you feel better... Don't worry, I'm sure you'll get the chance to put another dumbass in the White House some day. :rofl
This is why I said I am no accountant. You bored the hell out of me. :mrgreen:
Agreed! If Onumbnuts and his Democrat scum pass this, there will be hell to pay come November! And BTW, I would not mince words if a Republican proposed this assinine idea!Uh. That's not accounting. That's basic monetary policy.
The real problem with a VAT tax is that there's little to stop Congress from raising the rates. And unlike income tax hikes, VAT hikes will hit every level.
Uh. That's not accounting. That's basic monetary policy.
The real problem with a VAT tax is that there's little to stop Congress from raising the rates. And unlike income tax hikes, VAT hikes will hit every level.
I would say the Shrub was definitely a dumbass. I think we all understand how he made it to the Presidency and it wasn't because of his intellect.Dumbass is not something that really applies to anyone who makes it to the oval office. Even the intellectually least gifted (like Biden for example) Presidents or VPs are well above the average American's intelligence. The real dumasses are those who voted for Obama thinking he was some sort of messiah or that he, by soaking the rich and the winners was going to actually improve the lot of the losers
Says who? Oh, you just made that up. Got it.ah, vat, value added tax
now, vat is a concept DEAR to obama's ambitious, grasping heart
So why do so many cons want it? That's right, because it decreases the burden on the rich just like all the other consumption type taxes.vat is radical, unamerican
FREEDOM FRIES FREEDOM FRIESobama reveals his frenchified dispositions
He hasn't proposed it. Talk about deceitfulness. :dohthat he proposes this fundamental ways and means via TRIAL BALLOON shows his core-level deceitfulness. hardly the bold, visionary leadership anyone can believe in
Yeah, like the way Reagan claimed big gubment is bad and then promptly expanded it or maybe the way he promised to lower taxes and then raised them.hardly the steady hand, staying the course, of, oh, say, a ronald reagan
Presidents don't cram, Congress might, but you're not interested in any truth.obama ducks and weaves his way to legislation, he deems and crams
dead on the roadside with a conservative knife in it's back.where's the public option?
You can keep saying it in the hopes people will forget the Shrubs admin, but we won't.that his own PRESS SECTY on the very day blatantly contradicts this economic centerpiece, requisite to the obama regimen, shows, once more, as always, the "workings" of the most incompetent administration in modern american history
Yup, your entire post sure is.well, there ya go
it is what it is
extremist, underhanded, incompetent
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