Obama: "How bout some tax cuts?" GOP: "NO"

[heliochrome85]

http://tpmdc.talkingpointsmemo.com/2010 ... ?ref=dcblt

Remember, Obama is the reason why the economy isnt fixed.

[stebo0728]

Hmm, skeptical here. What alot of people dont understand is that most jobs are created by small business. Not by large corporations. The "Bush" tax cuts put money back in the pockets of the small businesses. This infrastructure bill only puts it back in the pockets of the larger folks. Another thing most people dont realize, or if they do they just dont seem to beleive it, but statistics back it up. Revenue into the Federal government is inversely related to tax rates. Lower rates = higher revenue. This is what is important about the current tax cuts, they actually raise revenue levels. If they go away, revenue levels will drop, and with spending having NO end in sight, decreased revenues mean trouble.

[AZhitman]

Wow, that's a "fair and balanced" news source, LOL....

...all digs aside, and I don't blame the news outlet, here's the problem:

paired with a modest plan to create a government-run infrastructure investment bank to help fund transportation projects across the country.

"Modest"? Uhhh, no. That's SPIN. Those funds do NOT need to be managed by some new level of bureaucracy. THAT is what's generating the "No".

But making it seem as if the Right is reversing course or contradicting itself makes for much better news on a slow day. Maybe they should report on the fact that very few, if any, respected economists would agree that the stimulus plan did anything at all. Nah, that's not "sexy".

[IBCoupe]

Well, if we're trying to help out the little guys, there should be no problem with maintaining all but the top two percent of the Bush tax cuts, right, Stebo?

[audtatious]

Remarks by the President on the Economy in Parma, Ohio

"Now, we have a different vision for the future. See, I’ve never believed that government has all the answers to our problems. I’ve never believed that government’s role is to create jobs or prosperity. I believe it’s the drive and the ingenuity of our entrepreneurs, our small businesses; the skill and dedication of our workers -- (applause) -- that’s made us the wealthiest nation on Earth. (Applause.) I believe it’s the private sector that must be the main engine for our recovery.

I believe government should be lean; government should be efficient. I believe government should leave people free to make the choices they think are best for themselves and their families, so long as those choices don’t hurt others. (Applause.)"

Uhm, WHAT? Oh yeah, gotta spin before the election.....then, just minutes later:

"So this week, I’ve proposed a six-year infrastructure plan that would start putting Americans to work right away."

I thought he had just stated he never beleived that government's role is to create jobs or prosperity?

[IBCoupe]

I wonder if the context of those statements might have changed in those "minutes." You know, from basic principles of governance to economic recovery. That kind of change.

Nah.

[audtatious]

Actually, after the first section was finished the very next sentence started with "But" which effectively invalidated the whole thing.

Why even say it if you don't really mean it?

[AZhitman]

He's so full of s***. It'd be amusing if it weren't so sad (and scary).

[audtatious]

He can point to it and say "I really believe that, which you also believe, but this is the path we are bound to follow regardless of past history and absolute failure"

What a joke....that's seriously NOT funny

[AZhitman]

That little schpiel could be dissected 7 ways from Sunday.

His "lean, efficient" government is responsible for the largest deficit increase and highest spending in US history.

Enjoy that applause now, you charlatan. The weight of the desire for liberty of a free people is about to be brought crashing down upon your foolishness.

[heliochrome85]

His "lean, efficient" government is responsible for the largest deficit increase and highest spending in US history.

yes, the two wars were his idea. as were the bailouts of the auto industry, and wall street. lets not forget the senators who got their panties in a twist when he cancelled the f-22. and his new helicopter.

[AZhitman]

yes, the two wars were his idea. as were the bailouts of the auto industry, and wall street. lets not forget the senators who got their panties in a twist when he cancelled the f-22. and his new helicopter.

Auto industry bailout occurred on his watch, T. Oops.

Let's not put a diffuser lens on this - Senators are SUPPOSED to be clamoring for influx of $ to their districts for their constituents.

Since I'm not one to shy away from the need to qualify my criticisms with facts, lemme whip out some reminders... Don't crowd the plate:

“President Obama’s policies would add more than $9.7 trillion to the national debt,” the Congressional Budget Office said. That’s roughly fifteen times the cost of the Iraq and Afghanistan Wars combined.

The true cost of ObamaCare is over $2.3 trillion - that might kinda inflate the budget deficit.

Economists and real estate experts agree that the mortgage bailout program the Obama administration spent $75 billion on has backfired and harmed the real estate market.

Let's see, his Administration refused to reform Fannie Mae and Freddie Mac, although his campaign speeches led many to believe otherwise... $125 billion as of March 2010 and rising, just so deadbeats, bums, and people who made poor choices can avoid the consequences of their actions?

[IBCoupe]

Actually, after the first section was finished the very next sentence started with "But" which effectively invalidated the whole thing.

Why even say it if you don't really mean it?

Because words mean things? Seriously, dude, the theme of every economic action taken by the government has consistently been, "These are extraordinary times, and we can't repair the country with the same policies we use to maintain it." You can disagree with what he says and still recognize that he's actually saying it.

Sometimes you people are embarrassing for your blatant partisanship.

[audtatious]

ditto

[heliochrome85]

Auto industry bailout occurred on his watch, T. Oops.

Let's not put a diffuser lens on this - Senators are SUPPOSED to be clamoring for influx of $ to their districts for their constituents.

Since I'm not one to shy away from the need to qualify my criticisms with facts, lemme whip out some reminders... Don't crowd the plate:

“President Obama’s policies would add more than $9.7 trillion to the national debt,” the Congressional Budget Office said. That’s roughly fifteen times the cost of the Iraq and Afghanistan Wars combined.

The true cost of ObamaCare is over $2.3 trillion - that might kinda inflate the budget deficit.

Economists and real estate experts agree that the mortgage bailout program the Obama administration spent $75 billion on has backfired and harmed the real estate market.

Let's see, his Administration refused to reform Fannie Mae and Freddie Mac, although his campaign speeches led many to believe otherwise... $125 billion as of March 2010 and rising, just so deadbeats, bums, and people who made poor choices can avoid the consequences of their actions?

How quickly we forget that TARP was a BUSH program, starting in March 2008. If i check my handy calendar, it shows that March is before November, which is before January 2009.
http://en.wikipedia.org/wiki/Troubled_A ... ef_Program

In addition, GM, FORD, and Chrysler got bailed out to the tune of 25 billion in September of 2008, and GM again in December of 2008. Again, before January 2009.
http://money.usnews.com/money/blogs/flo ... d-chrysler

As for the CBO estimates, those are over a period of time. What is the period? 10 Years? 20 Years?

As for freddie mac, and fannie may, i can honestly say i dont know enough about the subject to comment.


lastly, i enjoy barney frank. he is gay and jewish. the funny runs extra strong.
[youtube]http://www.youtube.com/watch?v=nYlZiWK2Iy8[/youtube]

[audtatious]

The tarp money that GM paid back, wasn't that the "Bush" loan? I thought I read somewhere that the Bush tarp loans were already paid back with interest and the outstanding tarp funds is what the current Administration released

Barney Frank is a jackhole who helped contribute to this whole housing debacle.

[szh]

Barney Frank is a jackhole who helped contribute to this whole housing debacle.

Exactly right!

Having him on finance subcomittees in Congress is such a stupid farce.

Z