jonny5
DP Veteran
- Joined
- Mar 4, 2012
- Messages
- 27,581
- Reaction score
- 4,664
- Location
- Republic of Florida
- Gender
- Male
- Political Leaning
- Libertarian
Love it especially how individuals keeping more of what they earn is an expense to the Federal Govt. says a lot about liberalism. Isn't it amazing how liberals are so able to predict what would happen without the tax cuts and ignore what actually did happen with govt. revenue, job creation, as well as economic growth? Liberals are good at making wild predictions but not so good in viewing actual results.
Why don't you post them? I can't search for what you're talking about. The only thing I can think of are people that were emotional when the first black president was elected...and that has nothing to do with him being a messiah and everything to do with a historic moment.
Seeing as how a democrat congress, Senate, and President made those tax cuts permanent, when does the chart get changed to "obama era tax cuts"?
Aw, no question about it, strong economic growth has been stifled by poor weather for the last 6 1/2 years. It is incredible how it is never economic policies by Obama that had no affect on the economic results but rather the weather. We all know that the Keystone pipeline, attacks on the coal industry, Obamacare, class warfare, higher taxes, 20 million unemployed, under employed, discouraged workers are all Bush's fault or the weather.
Sure you can... It's called google, and just type Obama halo, and then look under pictures. Here I'll help you
https://www.google.com/search?q=obama+halo&source=lnms&tbm=isch&sa=X&ei=C2CsU6qND4Hd8AH-t4DwDw&sqi=2&ved=0CAYQ_AUoAQ&biw=1536&bih=746
Wow...I tried "Bush Halo" and got pretty much the same types of pictures.
https://www.google.com/search?q=Bus...JOe1sATF14Fg&ved=0CAgQ_AUoAQ&biw=1152&bih=763
If Obama has been so bad for business why have corporations been experiencing record profits? It's obviously not a supply side problem with over taxed firms barely getting by. In fact its the complete opposite. Do you think giving corporations more tax breaks and giving them an "attaboy" will make them start hiring?
Aw, no question about it, strong economic growth has been stifled by poor weather for the last 6 1/2 years. It is incredible how it is never economic policies by Obama that had no affect on the economic results but rather the weather. We all know that the Keystone pipeline, attacks on the coal industry, Obamacare, class warfare, higher taxes, 20 million unemployed, under employed, discouraged workers are all Bush's fault or the weather.
Seeing as how a democrat congress, Senate, and President made those tax cuts permanent, when does the chart get changed to "obama era tax cuts"?
If Obama has been so bad for business why have corporations been experiencing record profits? It's obviously not a supply side problem with over taxed firms barely getting by. In fact its the complete opposite. Do you think giving corporations more tax breaks and giving them an "attaboy" will make them start hiring?
The tax-cuts on the top earners expired. Where have you been?
Congratulations. You want to talk about Bush then?
Corporations hire when they need workers. You think they hire just for the sake of hiring, or because they get an "attaboy"?
Great minds.....
Notice how taking another $28 billion is called "saving" money by the left. Increasing taxes on the people is saving money to them, because they consider it to be theirs to take. That is the screwy mind set we are dealing with.
Several quick things:
1. Weather was one factor. It was not the only factor. Weather was cited in a variety of economic reports during the timeframe in question.
2. Some macroeconomic factors were also involved i.e., continuing economic challenges in parts of the Eurozone, a growth slowdown in China, etc.
3. Keystone would make a very tiny contribution to GDP were it approved, but because it does not exist that contribution has not been made. Hence, one can't argue that Keystone's lack of approval led to the decline in GDP that took place. The strongest argument for Keystone is not on economic grounds (very small impact) but on grounds of strengthening the bilateral U.S.-Canada relationship.
4. The coal industry accounts for less than 0.5% of GDP. It has a somewhat larger impact than that percentage through the energy price channel. Energy prices overall during Q1 were nearly flat. The big exception was natural gas, which rose about 15%.
5. Since the tax changes went into effect, there has been a modest drag on economic growth. At the same time, revenues have increased faster than the economy has grown and government spending has increased, reducing the nation's annual budget deficits. Reduced state and local government expenditures also provided a drag.
6. The long-term unemployed and discouraged workers reflect the larger post-recession transition that remains underway where certain industries play a lesser role in terms of the overall economy than they did before. Structural unemployment is a complex matter and one can't easily attribute it to President Bush or President Obama, as even with faster growth, the skills-jobs mismatch would not necessarily be remedied. The mania that preceded the Great Recession and fueled the housing bubble was the result of numerous factors, some of which predated the Bush Administration and some of which had international origins (e.g., capital flowing from Asia to the U.S. following the Asian Financial Crisis). The narratives that aim to hold Presidents wholly responsible for economic developments--booms and busts--are overly simplistic.
7. Economic data for Q2 generally point to a growth rebound (perhaps with real GDP growth in the 3%-4% range on an annualized basis).
8. Some risks lie ahead. Should the modest increase in oil prices give way to a sharper rise which has staying power, should Europe's economy fare worse than anticipated, should the Fed's gradual tapering lead to a larger than anticipated rise in interest rates (not very likely at this time) on account of falling bond prices, should fiscal policy tighten much more quickly than anticipated, etc., all those factors could dampen growth over the remainder of the year.
If Obama has been so bad for business why have corporations been experiencing record profits? It's obviously not a supply side problem with over taxed firms barely getting by. In fact its the complete opposite. Do you think giving corporations more tax breaks and giving them an "attaboy" will make them start hiring?
I detest the use of "saving money" as much as I detest the use (and this on BOTH sides) of the word "revenue" when speaking of taxes. Revenue is what businesses call the income they receive from customers who buy their products and services (willingly).
$28 billion. Holycrap, I can't believe someone knowingly brought in the Bush tax cuts and the $28 billion to imply that they make a difference. That's like saying that you need to cut expenses because you're broke, so you decide to stop spending $3 a month on bubblegum, and now you're fiscally prudent.
The tax-cuts on the top earners expired. Where have you been?
Profits or profit margins?
Profits or profit margins?
It's both
Doubt most liberals know the difference and have no clue as to what ROI means
So apparently all Presidents are seen as a Messiah because you can type in "halo XXX" and you'll get similar pictures. Pretty tight argument to me...
7. Economic data for Q2 generally point to a growth rebound (perhaps with real GDP growth in the 3%-4% range on an annualized basis).
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