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  • #31
    Re: Politics

    Of course it's recoverable... just takes direction, fortitude, and higher taxes... which coms mostly from people going back to work.

    Look, we recovered (the world recovered) from the pains and massive expense of WWII. Taxes during the recovery period was sometimes as high as 90% (the very rich and on certain "corporations". But, if you look at what "corporations" and what they can and cannot do... it isn't nearly as bad as it sounds.

    But, you cannot lay people off without it creating a national debt. You cannot print more money, without it adding to the debt (our dollars are part of the debt). You cannot shrink the government without laying people off and that adds to the debt. And you cannot buy a house that you can't afford...because that adds to the debt too.

    Two-thirds of Corporations do NOT pay taxes! As we have seen, many of the "rich" do NOT pay taxes. The poor, do NOT pay taxes. The tax base is largely left to the middle class and that is shrinking and that "shrink" put people into either the "rich" or the "poor"... and therefore little to no taxes are being paid.

    There is a solution, a proven one! But higher taxes on the middle class and lowering taxes on the rich is the one thing that has been proven not to work. If you look at the historic numbers... Everything since the 1980's "Reaganomics" has reversed the downward trend that paid off the national debts of the 30's and 40's war years. That 1980's "reversal of fortune" has taken the per capita debt right back up to the levels of 1944. DUH!

    CWS

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    • #32
      Re: Politics

      CWS, it's only recoverable if many necessary things are done, none of which I see happening.Jobs for the millions out of work Americans are not forthcoming, government overspending has and will not stop, entitlements such as food stamps are at an all time high and climbing, we have an illegal population receiving healthcare and education we the taxpayers are supporting, we have a massive prison population we are supporting. The list goes on and nothing will change for the better. The grand speeches by either candidate are worthless. No one here wants to address and explain how we can pay for the healthcare bill without raising taxes on the middle class, and we are already at the end of our rope with fuel, food and other rising costs. No one here wants to talk about the folks who are young, strong, not working and having babies we pay for, housing and food we pay for, and no plan to have them pitch in and help! Sure, it's recoverable, but without all those changes and more it will not happen. Go and ignore everything I said but answer just one question. How can our economy survive when most of our consumer wealth continues to leave our country? I don't think it can, regardless of anything else our government does including more stimulus spending or cutting taxes on small businesses or the rich. We are a dead society if we do not make most of what we consume. The recoveries from the great depression and WWII were due in part to America producing what the World consumed! All we have to export now is debt, unemployment, and entitlements.

      We can post here about what should happen, or what needs to happen, but I deal in reality, and what I have seen happen is not good, not encouraging, nothing either party can be proud of. Frank
      Last edited by Frankiarmz; 09-05-2012, 03:44 PM.

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      • #33
        Re: Politics

        In the land of the blind, the one eyed man would be king
        sigpic

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        • #34
          Re: Politics

          Ah Mitt Romney is going to make a great president for saying 47% of Americians are bums for not paying income tax he sure knows how to make friends and influence others

          Tony

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          • #35
            Re: Politics

            Yep....Mitt's at it again....Name:  54db5866225bfd6802fa8535eb989863.png
Views: 1
Size:  33.6 KB
            Last edited by lreops; 09-19-2012, 10:24 PM.

            Comment


            • #36
              Re: Politics

              Originally posted by AFM View Post
              Ah Mitt Romney is going to make a great president for saying 47% of Americians are bums for not paying income tax he sure knows how to make friends and influence others

              Tony
              It's amazing, a politician that actually has the balls to state the truth.... Truth hurts! I see NOTHING wrong with his comments.

              Comment


              • #37
                Re: Politics

                I guess it depends on how short-sighted you think he is. A major portion of that 47% represents a hell of a lot hard working people who have now retired and/or have lost their jobs. These "takers" as the Republican's like to call them are for the most part people like me who have never once taken a dime of government assistance of any kind and have now earned their "retirement" benefits.

                So, let's look at at other "takers".... how about good 'ol Mitt himself. He's made it a practice of taking over companies and then destroying them after he's "taken" as much money out of them as possible. Then he's taken the jobs away from the workers who might otherwise be paying taxes. He then offshores more jobs, so that he can "take" maximum profits for himself... thus actually "taking" from the American workforce. He then "takes" his money and puts it in his Swiss account or somewhere in the Caymans... so he doesn't pay his American taxes. In other words, he's "taking" money out of the country that should in part be going to the government that has provided him the security and opportunity to execute his business.

                You look at the numbers and since the 1980's you will see a Republican-dominated policy that has allowed the highest incomes people to "take" from the middle-class and the poor. These are the people who have "taken" advantages to pay less % in taxes than those who make far less. And, it is the "rich" who manage the middle-class and the poor to the point that "taking" away jobs for the enhancement of their own incomes is tatamount to "good business" in this warped sense of "capitalism" that they envision for themselves.

                If 47% of America is labeled as too poor to pay taxes, and 66% of corporations say they have enough "write-offs" to NOT pay taxes, and guys like Romney are taking "shelters" and offshore accounts to avoid paying taxes or at least shrink their taxes to an absurd 15% of less... then is there any wonder why this country is in the debt that it is in.

                Bottom line is that the "rich" just loves to tell the world that the fault is with the victims that they themselves made.... it keeps the focus off of them! I don't buy into that for a second. All you have to do is look at the numbers and the history of the taxes and the resulting calamity to the economy.

                CWS

                Comment


                • #38
                  Re: Politics

                  I thanked both alphacowboy and CWS because I think they are both correct in part. There are way too many Americans collecting unemployment, welfare and food stamps. There are far too few jobs to available so to place blame on all who are collecting benefits is flawed. Corporate America, cannot ship jobs like the trades, teaching, police and so forth to communist china, mexico or the rest of the world. You can feel relatively safe and secure if you work in those jobs, but the hard working folks whose jobs were shipped out from under them can't say the same and have no options in this economy. If we are open minded enough to see the big picture then we see both sides of the argument. Like I said before, understanding the problems and thinking you know what needs to be done doesn't matter much. I doubt Mitt Romney will be able to change enough to save us and I'm positive President Obama will do nothing of value going forward if re-elected.
                  We are doomed, of that I'm positive. All this goes back at least forty years, that's when our foundation started to crumble. I think any upturns were meaningless, they were like a new coat of paint on a house about to collapse due to termites. The debt is too high, too many folks out of work, too many folks collecting benefits that cannot be paid for and the government is still overspending. We have a perfect storm of dysfunction and absolutley no master plan to fix it. Just my opinion. Frank

                  Comment


                  • #39
                    Re: Politics

                    Originally posted by Alphacowboy View Post
                    It's amazing, a politician that actually has the balls to state the truth.... Truth hurts! I see NOTHING wrong with his comments.
                    A broad sweeping statement - unless you can survey the 47% and establish every one of them is a bum this has no merit. I would say the reality is somewhere in between - some are bums - some have really not been able to make something work in a tough economy etc.

                    Comment


                    • #40
                      Re: Politics

                      If you read Tuesday's USA TODAY, you would know that a large percentage of that 47% are millionaires!

                      Comment


                      • #41
                        Re: Politics

                        Originally posted by Pipestone Kid View Post
                        If you read Tuesday's USA TODAY, you would know that a large percentage of that 47% are millionaires!
                        Millionaires eh? Let me help you out here....this is from a LIBERAL SOURCE.





                        What Romney said: "There are 47 percent of the people who will vote for the president no matter what."

                        He's right on the nose, according to the latest Associated Press-GfK poll: Forty-seven percent of likely voters say they support Obama. And 46 percent say they support Romney, essentially a tie. This number fluctuates from poll to poll and week to week and could shift substantially before Election Day.

                        Who they are:

                        —Most are employed: Sixty-two percent of the Obama voters work, including the 10 percent working only part time. A fourth are retired. Five percent say they're temporarily unemployed.

                        —Most earn higher-than-average wages. Fifty-six percent have household incomes above the U.S. median of $50,000. Just 16 percent have incomes below $30,000, and about the same share (20 percent) have incomes of $100,000 or more.

                        —They're all ages but skew younger than Romney's voters: Twenty percent are senior citizens and 12 percent are under age 30.

                        —They're more educated than the overall population: Forty-three percent boast four-year college degrees or above; 21 percent topped out with a high school diploma.

                        ___

                        PEOPLE WHO GET FEDERAL BENEFITS

                        What Romney said: "There are 47 percent ... who are dependent on government ... who believe they are entitled to health care, to food, to housing, to you name it."

                        Whether they are dependent and believe they are entitled to anything is arguable, but Romney's statistic is about right — 49 percent of the U.S. population receive some kind of federal benefits, including Social Security and Medicare, according to the most recent Census Bureau data. Looking only at people who receive benefits that are based on financial need, such as food stamps, the portion is smaller — just over a third of the population. Many people get more than one type of benefit.

                        The biggest programs and their percentage of the U.S. population:

                        —Medicaid: 26 percent

                        —Social Security: 16 percent

                        —Food stamps: 16 percent

                        —Medicare: 15 percent

                        —Women, Infants and Children food program: 8 percent

                        ___

                        THOSE WHO PAY NO FEDERAL INCOME TAX

                        What Romney said: "Forty-seven percent of Americans pay no income tax."

                        Romney's about on target — 46 percent of U.S. households paid no federal income tax last year, according to a study by the nonpartisan Tax Policy Center. Most do pay other federal taxes, including Medicare and Social Security withholding. And they're not all poor. Some middle-income and wealthy families escape income tax because of deductions, credits and investment tax preferences.

                        Why these people don't pay:

                        —About half don't earn enough money for a household of their size to owe income tax. For example, a family of four earning less than $26,400 wouldn't pay.

                        —About 22 percent get tax breaks for senior citizens that offset their income.

                        —About 15 percent get tax breaks for the working poor or low-income parents.

                        —Almost 3 percent get tax breaks for college tuition or other education expenses.

                        Who they are:

                        —The vast majority have below-average earnings: Among all who don't owe, 9 out of 10 make $50,000 or less.

                        —But some of the wealthy escape taxes, including about 4,000 households earning more than $1 million a year.

                        ___

                        Associated Press Deputy Polling Director Jennifer Agiesta contributed to this report.

                        Who are Mitt Romney's 47 percent? A breakdown - CBS News

                        Comment


                        • #42
                          Re: Politics

                          and this one is for the geniuses who like to babble about things going overseas.

                          From the most far left leaning source...HUFFINGTON POST.

                          Disparaging Governor Romney’s record at Bain Capital is a large part of President Obama’s campaign strategy. I find this baffling as Romney’s record at Bain is stellar. Even former President Bill Clinton has noted that Romney was a successful business leader and is qualified to be president. Unfortunately, the media usually echoes the attacks on Bain rather than checking their veracity.

                          If the traditional media won’t do its job, I will. Here are some facts about Bain Capital:

                          1.) Eighty percent of the companies Bain invested in are still profitable entities employing Americans. Bain invested in 77 companies during Romney’s tenure as CEO, 10 of which produced 70-plus percent of the company’s gains. These companies have added thousands of jobs to the private sector and have had a positive impact on the lives of many people. This is an amazing record for a business that invested in weak and failing companies.

                          2.) Bain refused to invest in legal but morally questionable businesses. Under Mitt Romney’s leadership, Bain refused to invest in companies that sell alcohol, guns and tobacco products.

                          3.) Union pension funds invest in Bain. Government-worker pension and retirement funds have invested around $1.5 billion in Bain. These funds have benefited unionized teachers, social workers and public-health personnel in states like Iowa, Nevada and Ohio. Many Obama supporters would be startled to learn that they owe some of their success to the success of the company that Romney launched.

                          4.) Universities and left-leaning foundations invest in Bain. According to the New York Post, the Oprah Winfrey Foundation, the Charles Stewart Mott Foundation, the Doris Duke Foundation, the Metropolitan Museum of Art, the Ford Foundation and the Heinz Endowments are all Bain clients, as are Purdue University, the University of California, the University of Michigan, the University of Virginia and the University of Washington. While not necessarily political organizations, universities are overwhelmingly left-wing, and each of the foundations listed funds liberal causes.

                          5.) Private equity capital funds like Bain remain the best-performing investment of the largest state employee fund in the country. According to a California State Teachers Retirement System Fund representative, since 1988 private equity companies like Bain have outperformed every other asset class to which the fund has allocated the cash of its 856,360 members, most of whom are in unions. When critics charge that all Romney, via Bain, was interested in was making money for investors, they’re right: investors like teachers.

                          Ads by Google

                          The New York Post said it best: “Is Bain really a gang of corporate buccaneers who plunder their ill-gotten gains by outsourcing, euthanizing feeble portfolio companies and giving cancer to the spouses of those whom they fired? If so, union bosses, government retirees, liberal foundations and elite universities thrive on the wages of Bain’s economic Darwinism.”

                          While one can argue whether Romney’s Bain experience is relevant to the presidency, Democrats should take their allegations and attack ads about Bain off the table.

                          Yes, Bain made some bad investments, and workers lost their jobs. But Bain invested in lots of weak businesses that might not be in existence today had it not been for Bain’s support. Our entire economy depends on a system that allows for winners and losers, and we should respect our country’s freedoms, which allow for upward mobility and entrepreneurship.

                          Governor Romney is a brilliant leader and businessman. The attacks on his Bain leadership are more than misplaced; they’re deceptive.

                          Gary Shapiro is president and CEO of the Consumer Electronics Association (CEA)®, the U.S. trade association representing more than 2,000 consumer electronics companies, and author of the New York Times bestselling book, “The Comeback: How Innovation Will Restore the American Dream.” Connect with him on Twitter: @GaryShapiro.

                          Reince Priebus: Obama Shipped the Recovery Overseas

                          Comment


                          • #43
                            Re: Politics

                            Some of the companies Bain invested in or kept from going under are,

                            Staples
                            Toys R Us
                            Clear Channel Radio
                            Dunkin Donuts
                            Domino's Pizza
                            The Weather Channel
                            Burger King
                            Sealy Mattress
                            26+6=1

                            Comment


                            • #44
                              Re: Politics

                              Originally posted by Flux View Post
                              and this one is for the geniuses who like to babble about things going overseas.

                              From the most far left leaning source...HUFFINGTON POST.

                              Disparaging Governor Romney’s record at Bain Capital is a large part of President Obama’s campaign strategy. I find this baffling as Romney’s record at Bain is stellar. Even former President Bill Clinton has noted that Romney was a successful business leader and is qualified to be president. Unfortunately, the media usually echoes the attacks on Bain rather than checking their veracity.

                              If the traditional media won’t do its job, I will. Here are some facts about Bain Capital:

                              1.) Eighty percent of the companies Bain invested in are still profitable entities employing Americans. Bain invested in 77 companies during Romney’s tenure as CEO, 10 of which produced 70-plus percent of the company’s gains. These companies have added thousands of jobs to the private sector and have had a positive impact on the lives of many people. This is an amazing record for a business that invested in weak and failing companies.

                              2.) Bain refused to invest in legal but morally questionable businesses. Under Mitt Romney’s leadership, Bain refused to invest in companies that sell alcohol, guns and tobacco products.

                              3.) Union pension funds invest in Bain. Government-worker pension and retirement funds have invested around $1.5 billion in Bain. These funds have benefited unionized teachers, social workers and public-health personnel in states like Iowa, Nevada and Ohio. Many Obama supporters would be startled to learn that they owe some of their success to the success of the company that Romney launched.

                              4.) Universities and left-leaning foundations invest in Bain. According to the New York Post, the Oprah Winfrey Foundation, the Charles Stewart Mott Foundation, the Doris Duke Foundation, the Metropolitan Museum of Art, the Ford Foundation and the Heinz Endowments are all Bain clients, as are Purdue University, the University of California, the University of Michigan, the University of Virginia and the University of Washington. While not necessarily political organizations, universities are overwhelmingly left-wing, and each of the foundations listed funds liberal causes.

                              5.) Private equity capital funds like Bain remain the best-performing investment of the largest state employee fund in the country. According to a California State Teachers Retirement System Fund representative, since 1988 private equity companies like Bain have outperformed every other asset class to which the fund has allocated the cash of its 856,360 members, most of whom are in unions. When critics charge that all Romney, via Bain, was interested in was making money for investors, they’re right: investors like teachers.

                              Ads by Google

                              The New York Post said it best: “Is Bain really a gang of corporate buccaneers who plunder their ill-gotten gains by outsourcing, euthanizing feeble portfolio companies and giving cancer to the spouses of those whom they fired? If so, union bosses, government retirees, liberal foundations and elite universities thrive on the wages of Bain’s economic Darwinism.”

                              While one can argue whether Romney’s Bain experience is relevant to the presidency, Democrats should take their allegations and attack ads about Bain off the table.

                              Yes, Bain made some bad investments, and workers lost their jobs. But Bain invested in lots of weak businesses that might not be in existence today had it not been for Bain’s support. Our entire economy depends on a system that allows for winners and losers, and we should respect our country’s freedoms, which allow for upward mobility and entrepreneurship.

                              Governor Romney is a brilliant leader and businessman. The attacks on his Bain leadership are more than misplaced; they’re deceptive.

                              Gary Shapiro is president and CEO of the Consumer Electronics Association (CEA)®, the U.S. trade association representing more than 2,000 consumer electronics companies, and author of the New York Times bestselling book, “The Comeback: How Innovation Will Restore the American Dream.” Connect with him on Twitter: @GaryShapiro.

                              Reince Priebus: Obama Shipped the Recovery Overseas
                              That's from the Blog section - it's unclear to me when I see articles from a Blog section how much of it is fact or for that matter reflect the publication's views. I always thought the blog section was more like letters to the editor.

                              Comment


                              • #45
                                Re: Politics

                                Originally posted by blue_can View Post
                                That's from the Blog section - it's unclear to me when I see articles from a Blog section how much of it is fact or for that matter reflect the publication's views. I always thought the blog section was more like letters to the editor.
                                Well let me put it to you this way...I'm forced to read the garbage on the Huffington post every single day cause I still have AOL for my e-mail.

                                It doesn't matter what type of format it is, contributers to the huffington Post will be heard and posted.

                                If you know anything about the Huffington Post, you will know that anything remotely painting Obama in a negative light will be buried or not posted at all.

                                It's no secret that quite a few Dems fired back at the nonsense Romney was receiving about Bain.

                                Clinton knows if Romney wins he will get 8 years, cause he knows he will turn this economy around, which put a serious dent into Hilary chances in 2016.
                                Last edited by Flux; 09-21-2012, 06:37 AM.

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