I am sure in my assessment, yes. But as we are talking about the dismal science, only a fool would claim to know the Capital-T Truth of the matter.
The third quarter of this year.
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Says the man who has been challenged by me and other posters to lay out all of Obama’s accomplishments and still has not been able to name even one. I understand you just basically don’t like anyone attacking the President regardless if they are correct or not. I get it…you lean center left but you just can’t defend Obama…but then again who could?
So, now instead of telling us all why Obama was a great President you stoop to using straw man arguments.
ITS TIME TO MAKE AMERICA GREAT AGAIN!!!
Move on, Zeb…or don’t…
Your choice.
Ah, there it is right in the middle of your above rant. The word “disrespect”. As I said above I thought it might be more of a “you are disrespecting the President defense” which never really had any merit. I have been around here a long time and don’t recall you getting all upset when at least half the board was attacking GW Bush. Hmm…
Anyway, yes I disrespect Barrack Obama…not the office of the President. There is a big difference. All Barrack Obama has done since taking office is reach into my life and screw with it. You have no empathy for my situation. I get it. You are not the one who had to hire an extra person just to keep up with the mountains of regulation heaped upon my business. You are not the one who has had his taxes raised at least three times and well beyond anything that is even remotely reasonable. You are not the one who watched the President say “You are not paying your fair share” when I am paying well beyond my fair share. And finally you are not the one who the President was talking about when he said “you didn’t build that…the government did it for you” when all the government did was try to prevent my success.
I won’t even get into how bad he has been as a foreign policy President or the fact that they economy is growing at its slowest pace in decades something like 1%… Nor will I bore you with the numbers of people who are out of the workforce and are not counted in the unemployment statistics something like 90 million of them. I won’t even mention the 46 million who are now collecting food stamps, a huge jump from the previous Pesidents stats.
I will just say that in order to understand how happy I am that the inept, inexperienced left wing loon is leaving office you would have to walk a mile in my shoes…and I know that you don’t have the empathy or patience to do such a thing. But I can tell you it was HELL!!
Will Trump fix things immediately? No. Will he eventually get the country back on the right track? Yes, I believe that he will because after 8 years of Obama there is only one way to go and that is up.
So…Merry Christmas to you Mufasa. And I hope that Trump does not affect you with his policies the way Obama did me.
I agree!
ITS TIME TO MAKE AMERICA GREAT AGAIN!!!
The abysmal Obama economic record speaks for itself. Those who think trickle down doesn’t work truly don’t understand how business works and how money flows. No need to debate that here. All we need to do is point to Obama’s record and know that he does not believe in trickle down either.
http://www.forbes.com/sites/peterferrara/2013/02/07/the-worst-five-years-since-the-great-
depression/#2ba9d46a7ee7
http://www.investors.com/politics/on-the-right/obama-recovery-is-worst-in-postwar-history/
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Yep - during the glory years of the purported Reagan supply-side tax cut strategy (1980 to 1988), average real pre-tax income (measured in 2013 dollars) of the lower income groups (measured by tax bracket) increased nominally, while the top 1% jumped by a magnitude. (Source is CBO, I don’t have a website.)
Meaning, what the critics of supply-side theory said would happen happened - the wealthy banked the tax cuts and didn’t expand “supply” in a way that created rising incomes for the lower income brackets.
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TB…you heretic, you…
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Yes, certainly, but I’ve been an opponent of this supply-side malarkey for a very long time and it’s one of the main reasons I’m not a Republican. (There are plenty of other reasons, too.)
The “trickle down” theory has some validity when tax rates are at astronomically high levels - when there truly is a crowding out effect impairing private investment, and as a result, an imapirment of economic expansion and the growing incomes that come with it. This was the basis for the Kennedy supply-side tax cuts.
Modern supply-siders have warped that common sense theory into a theology that says tax cuts for the rich automatically lift all boats, but the evidence and the logic doesn’t support that theory.
Businesses will expand when economic conditions suggest they should - and if conditions don’t suggest such, any extra income from a tax cut gets paid out as distributions to owners.
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‘The Case For A Flat Tax’
Like the idea in theory…I’d like to know how much the exemptions are for adults & children.
I believe the quoted exemption was below $58,000 dollars, I don’t know if the children issue was addressed. You could probably provide credits for children, but I make no claim to expertise in taxing issues.
Can you specify the three tax raises to which you refer? I ask because I’m having trouble coming up with them.
As for tax rates being unreasonable–the top marginal rate is currently 39.6%. As it has been as high as 94% in the past, I’d say it’s a far cry from being ‘unreasonable’ currently.
Obama never said what you are attributing to him. Here is what he did say, in context:
“If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business — you didn’t build that. Somebody else made that happen. The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet.”
It is clear in context that “you didn’t build that” is referring to the infrastructure upon which private business relies–not to private businesses themselves.
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Wow, EyeDentist…
You mean that the President never said…**nor even implied…**that private business owners didn’t build their businesses?
You must be mistaken.
I know it will seem that way to many, but it boils down to a difference between reality and narrative–between truth and ‘truthiness,’ if you will. While the conservative narrative holds that Obama is a flaming librul socialist, the reality is he has governed from just left of center.
I like to say I’ve only voted for two Republicans in my life–Bill Clinton, and Obama. For better or worse, both are closer in orientation/inclination to what was once called ‘Rockefeller Republicanism’ than anything else.
You are correct he didn’t raise taxes three different ways. He raised them far more than that.
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Top income tax bracket raised 4.6% under Obama. And he would have loved to raise it higher and even said so but fortunately the republicans took over the House and Senate and he was unable to fulfill that one.
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Long Term Capital Gains Taxes went from 15% to 20% under Obama. By the way as you know this not only steals more money from the wealthy but also harms those middle class folks who might want to sell their house.
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The final one is Obamacare but it has so many tax hikes built into it that it represents far more than simply the third one. Rather than list the many taxes that have gone up under Obamacare (I am an employer) I will simply post this site and you can read it for yourself:
Finally, Obama did claim that I didn’t build my business. But you are exactly right as to his words. They were said to demean the entrepreneur and build up the “state”. Claiming that “somebody else made that happen”. Stating that others helped do it for me and also that government was a prime mover because of infrastructure (eye roll) and other government involvement. No, a village did not build my business, I did it and I did it in spite of the federal and state government working against me at almost every turn through harsh regulations and permitting (at every level of government). And through higher taxes. Where on earth could anyone get the idea that taking money away from a struggling entrepreneur is actually helping him? It’s freaking laughable. Also, Obama has increased regulations on small business more so than any other President. That doesn’t help an entrepreneur either. In fact, as you are surely aware, it harms the struggling business person.
http://www.cnsnews.com/news/article/under-obama-11327-pages-federal-regulations-added
http://www.politico.com/agenda/agenda/story/2016/1/obama-regulations-2016
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It’s right there.
And seriously, Me and a buddy from high school built a successful business. We absolutely made that happen.
And it really is incontrovertible to anybody that ever took on such a task what that statement means.
The whole statement is a direct strike at job creators social position in an attempt to change the view of them from pillars of communities to users of resources, and does nothing to acknowledge their contribution to the existing infrastructure. And actually a thinly disguised call to seize the means of production.
With that in mind, even saying that it was about infrastructure makes it more insidious.
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@SkyzykS I think the issue here is that Obama’s statements are being treated uncharitably. Now, I am the first to admit that I do not offer the president charitable interpretations often, but that is my bias speaking.
I can certainly see how you and your friend would find that sentiment appalling, but, my own reservations from the POTUS aside, I think a great deal of the controversies for him can be read in favourable or unfavourable ways.
I think Obama’s record is poor, but I am amenable to the fact that my own biases would prevent me from registering victories as victories, and magnifying defeats to catastrophes. I think only a good deal of hindsight will answer the question on way or another.
In any event, Merry Christmas to all of you from Ireland. I hope all of you are as knee deep in libations as I am.
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And it will, LS…it will.
Merry Christmas to you also.
This is an incorrect statement. What Obama did was extend the Bush tax cuts–which you will recall, were passed with a sunset clause–for everyone except the top earners (ie, those earning more than ~400K). It is incorrect and misleading to call the planned expiration of a Bush-era tax cut a tax hike by Obama.
Again, only for those making >$400K.
Not really a tax, but that’s more of a semantics issue.
Infrastructure eye roll!!! Does your business not rely utterly on a pre-existing infrastructure? Did you build your own roads, power grid, communications system, utilities, etc? Did you pay for the entire private education (as in pre-K through grad school) of all your employees? Because if not–you didn’t build that aspect of your business.
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