Paychecks from private business shrank to their smallest share of personal income in U.S. history during the first quarter of this year, a USA TODAY analysis of government data finds.
At the same time, government-provided benefits — from Social Security, unemployment insurance, food stamps and other programs — rose to a record high during the first three months of 2010.
Huh. During a recession we spend more on safety net programs and people get paid less.
edit: Do you even understand the article you just read? This is completely predictable during a recession.
Huh. During a recession we spend more on safety net programs and people get paid less.
edit: Do you even understand the article you just read? This is completely predictable during a recession.
Huh. During a recession we spend more on safety net programs and people get paid less.
edit: Do you even understand the article you just read? This is completely predictable during a recession.
Ugh... did you notice that Obi has done exactly the opposite of what should have been done to strengthen the economy?
The exact opposite.
.
Really that's funny because most economists agree the stimulus and bailouts were a necessary evil that prevented us from turning this recession into a depression. Perhaps you'd like to show some sort of evidence to support yet another blanket accusation that Obama is personally to blame for everything that is wrong in the universe?
President Obama's economic recovery package will actually hurt the economy more in the long run than if he were to do nothing, the nonpartisan Congressional Budget Office said Wednesday.
^^Non-government.
Most experts believed Obama would be a post racial president and good for America.
My they were proven wrong in a hurry, weren't they?
BTW... How much of that stimuli was put to use?
End of story.
CBO: Obama stimulus harmful over long haul - Washington Times
The idea is to sacrifice some of a future boom to stabilize the short term collapse. I'll accept a .3% GDP drop over ten years to keep the recession from becoming a depression. Good cherry-picking though.
If you had noticed, it was used to make a parallel point.Changing the subject to race now?
This type of thinking brought along the Real Depression.The idea is to sacrifice some of a future boom to stabilize the short term collapse. I'll accept a .3% GDP drop over ten years to keep the recession from becoming a depression. Good cherry-picking though.
Reagan's foundation is being pissed on by our Resident.
You don't think Reagan would have wanted to slash taxes further?You do realize that even if Obama lets the Bush tax cuts expire, his rates would still be lower than Reagan's, right (at least through the vast majority of his term)?
He was dealing with a bunch of lefties, and to accomplish what he did... without any assistance from the media... was pretty amazing.
Bush caved to Democrats as he wanted to get along.And you do realize that shortly after the tax cut reducing the rate to 28% on the highest earners, we immediately entered a recession which led to the MASSIVE deficits under HW Bush, which forced his hand into pushing the rate back up.
Big mistake.
The photo of the Dems surrounding HW after the hike is similar to the one with W signing the Patriot Act.
Then the long knives came out.
Why don't R's ever learn?
Tech BUBBLE.And you do realize that if the Bush tax cuts lapse, they will only return to the rates of the 1990s - the biggest economic boom in American history?
Bubbles are OK, but let's not think that 35 to 39% tax rates are stimulating.
What happened after the bubble burst? 911.
Bush cut taxes and we came out of it OK.
Obi wants to spread the wealth around.
$200,000 is now a rich person.
Back when the dreaded income tax was established, it was only to hit a fraction of the top 1%.
The wealthiest.
My how we had a rapid case of mission (socialism) creep.
State, Fed... allthe other BS and soon you pay over half your cash to the Pigs in DC and other State Crapitols.So who are all these people who are paying such exorbitant taxes, because they sure as hell don't run in my circles (and I know some fairly wealthy folks here in Nashville).
Obama's taxes in one small sliver is lower. The remainder is higher, and the burdens on business are ever increasing.So don't simply give me that it's "common sense" - I want you to supply evidence that your assertions are correct that Obama's tax rates are somehow outrageous, when they're actually LOWER than Reagan's were - and that the proposed increase in the capital gains tax would do this:
LOL...
No that's not only funny but absolutely hilarious in two ways, especially from a guy (Obi) who is economically illiterate and has voiced the following:
YouTube- Obama: Raise Taxes, Capital Gains - "For Purposes of Fairness"
Obi: Raise Taxes, Capital Gains - "For Purposes of Fairness"
(Did you hear what he said as well... he believes in pay-as-you-go... ROTFLMFAO)
Reagan reduced tax rates from a high of 70% to 28%.
He cut regulations.
It was this that freed cash and generated risk taking and jobs.
Dems squealed when rates went to 35%.
.
If you had noticed, it was used to make a parallel point.
You did not notice?
That's OK, I know sometimes it's difficult to comprehend brilliant debate tactics.
This type of thinking brought along the Real Depression.
And this "prediction/tradeoff" is about as reliable and phony as the surplus to eternity BS Cliton/Algore/Edwards tried to sell back in 2000.
Surplus went poof? Why? It didn't exist except as a figment of their imaginations.
Tax cutting, government trimming, regulation elimination works every time, everywhere... because we are individuals and it appeals to us. My labor and property is not yours. You didn't do squat to earn it, and that is the problem. Those that have money to invest can find a whole bunch of other places to invest or park their coin... waiting for the day Obi and his Marxist Klan depart 1600 Pennsylvania Avenue. In fact, they might not only want to park their coin elsewhere, they may move their entire business to more friendly shores.
I think we have sacrificed enough.
Of our money, our rights/freedoms.
I think it is time we go back to the quaint notion of Limited Government.
Personal Responsibility.
Charity.
Not government coercion and theft for redistribution.
No forcing banks to make bad loan after bad loan.
No more government entities that have scant oversight, do not have to report like a public company and pay out truck loads of cash to people like Obama; Fred & Fannie's #1 recipient.
Cut taxes, gut regulations and let us live as free people.
It is what will drive the recovery, just look at what happened when Reagan did it. He built the foundation for decades of growth from a foundation of Stagflation. Reagan's foundation is being pissed on by our Resident.
Tell me, why do they tax smokes and booze at high levels?
To discourage the behavior.
You want to grow the economy? Cut the class warfare BS. Encourage prosperity, for it is as JFK said... a rising tide raises all boats.
Obama is a Discourager.
An American Constitutional Infidel.
America's Enema.
He's doing it all backwards... and it is showing spectacular results.
Spectacularly awful.
.
I guess the tax cuts haven't expired yet, so stay tuned.Taxes are at historic lows!
Americans' Tax Burden Near Historic Low - washingtonpost.com
Which is, of course, also predictable during a recession, but I just thought I'd play along with the hyperbole.
See what I did there? I made an "argument" that is supported by just as much fact as yours! All you're doing is spewing partisan rhetoric regurgitated from radio talk show hosts and Fox News. Why are you even here?
You don't think Reagan would have wanted to slash taxes further?
He was dealing with a bunch of lefties, and to accomplish what he did... without any assistance from the media... was pretty amazing.
Bush caved to Democrats as he wanted to get along.
Big mistake.
The photo of the Dems surrounding HW after the hike is similar to the one with W signing the Patriot Act.
Then the long knives came out.
Why don't R's ever learn?
Tech BUBBLE.
Bubbles are OK, but let's not think that 35 to 39% tax rates are stimulating.
What happened after the bubble burst? 911.
Bush cut taxes and we came out of it OK.
Obi wants to spread the wealth around.
$200,000 is now a rich person.
Back when the dreaded income tax was established, it was only to hit a fraction of the top 1%.
The wealthiest.
My how we had a rapid case of mission (socialism) creep.
State, Fed... all the other BS and soon you pay over half your cash to the Pigs in DC and other State Crapitols.
Obama's taxes in one small sliver is lower. The remainder is higher, and the burdens on business are ever increasing.
LOL...
No that's not only funny but absolutely hilarious in two ways, especially from a guy (Obi) who is economically illiterate and has voiced the following:
YouTube- Obama: Raise Taxes, Capital Gains - "For Purposes of Fairness"
Obi: Raise Taxes, Capital Gains - "For Purposes of Fairness"
(Did you hear what he said as well... he believes in pay-as-you-go... ROTFLMFAO)
Reagan reduced tax rates from a high of 70% to 28%.
He cut regulations.
It was this that freed cash and generated risk taking and jobs.
Dems squealed when rates went to 35%.
.
Really that's funny because most economists agree the stimulus and bailouts were a necessary evil that prevented us from turning this recession into a depression. Perhaps you'd like to show some sort of evidence to support yet another blanket accusation that Obama is personally to blame for everything that is wrong in the universe?
You're wrong and that is a lie. Only White House economist say that the stimulus and bailouts were worth it. I wonder why that is? Without the bailouts and stimulus the Obama administration wouldn't be allowed to rape us.
You're wrong and that is a lie. Only White House economist say that the stimulus and bailouts were worth it. I wonder why that is? Without the bailouts and stimulus the Obama administration wouldn't be allowed to rape us.
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