Tax Hike Will Be for FY2011

In the current economic climate I wonder how much the population of people making over $250,000 has dropped.
Because Obama will soon be lowering it to $100,000, then $50,0000, then…

Great, I’ve got to pay for my neighbor’s health care AND their mortgage. Why don’t they just start eating at my house every night?

Thanks for chasing down the particulars on this Jake.

Why don’t they just start eating at my house every night?
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What time do we eat?

Obama is doing everything in his power to ensure that the economy will be in shambles by 2012.

2011….nice.let’s this SOB fraud Marxist is on his way to the door. Hope he goes wherever this type goes and has a nice boring life.
We hold till then and it’ll be gone.

No reason to rush raising the capital gains tax from 15% to 20% (or even 39%) — last time I checked 20% of zero is still zero.

Yea, then in 2012 they will lower it from 250,000 to 200,000 and then in 2013 they will lower it to 150,000 ect. ect.

If they tax me anymore, I will just have to stop working and put my hand out like the rest. I will be damned if I will continue to work when all things considered I only get to keep 25% of my hard earned money.

Just before the election, Joe Biden and Bill Richardson had the figure closer to half of that. I am sure that President Obama will have no problem abandoning the $250K threshold any more than he did so many other things that he said he would do. When he talks about “wind power” it’s not just the windmills, it’s the political winds of expediency as well. What they haven’t explained is how these so-called “rich” are going to be able to afford the tax increase while paying for their neighbor’s mortgage as well as their own.

Well well well, look at that. It looks like it’s about tea time…tea party anyone?

Barack Obama is like a loose cannon on the deck of a ship in a stormy sea.
I think it is high time we lashed him down – or pitched him overboard.

jpt:Update
The White House changed its information late Wednesday and now says that the tax hike will take place in fy2011.
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That is good really news (it gives people more time to plan), but at the same time it reinforces the idea they are really just winging it.

Keeping digging Jake. We need reporters who will pursue the tough questions and get the real answers for the American people. When laws are passed spending $780 billion dollars yet nobody actually reads the bill how can we say this is fiscally responsible?

Who is John Galt, Mr. President?

It will be interesting to see what happens when we run out of other people’s money. Time to divest.

looks like early retirement for me….and my staff of 8.

“You know it’s bad when the Times of London says this:”
ROFLMAO….the Times of London is a right wing paper that is owned by Rupert Murdoch.

And don’t forget about inflation: the Alternate Minimum Tax was originally designed to hit a few hundred high-income individuals (or as Obama calls them, “running dog capitalist pigs”). Many more people are currently affected by the AMT and Congress has to postpone its application every year. By the time Obama is finished turning the US into Venezuela, I predict Walmart greeters will make $250,000 that will buy less than $25,000 today.

My property taxes are 11,000 a year on a normal middle class house. The teachers cry poverty constantly despite their 4 hour work day only 180 days a year and now i have to start subsidizing everyone else. Enough is enough, tea party here we come. This is the worst president ever and it’s only been a month. Doesn’t anyone realize that everything he says is a lie.

tax those who have money to spend that helps the economy. great idea – pick the pockets of the minority to bribe the majority.

“The 42% of Americans who don’t pay federal income taxes should not be able to vote. They have representation without taxation.”
Except they do pay taxes just not fed income tax.
BTW, your 42% figure is still wrong no matter how many times you repeat it.

Forget paying off the deficit; the real problem is the interest on the federal debt which will soon swallow all taxes. We won’t be able to produce enough to cover it even taking 90% of the people’s money.

The Kool Aide president Don’t know that he DON’T KNOW. I really have no faith in this guy or the rest of the Congress.

And when those making over $250K stop working, what do you do? A large chunk of those over $250 are small business that will shift the income and quit making over $250. Watch the number of those making over $250K plummet. Then who will they tax. In the “stimulus” they have already used the figure $75,000.

So this is the dark corner the 23% crawled under

im claiming all this “charity” on my taxes next year and every year after that.

I’m surprised this didn’t happen sooner. It’s class warfare. And this is what happens when non-taxpayers vote. Now we’ve got something like a home where the kids have out-voted their parents and decided to raise their allowance!

The rich do not make their money off of income, they make it off of Capital Gains. Capital Gains tax is only 15%. So if I have 10 Million dollars and make 1 million off my investments, I only pay 150K in taxes. If I work hard and have income of 1 million like a doctor, I pay close to 350K in taxes. Does this make any sense???

It’s as if someone walked into your home and took a bunch of your belongings.
When you ask “Why?” the response is “because you have more than you need.”
Cole

So will a visit to the ER be reminscent of a DMV waiting room? government controlled, governemtn workers.

Geez, he truly must be God. Back in the old days, even when there was a surplus, we worried how we would fund social security. Now we are trillions in debt, and adding another trillion every other week, and the O is promising free healthcare, free college education, reduced mortgages and on and on again. Chicken in every pot.

The REALLY incomprehensible thing is that Obama’s poll numbers remain so high. Ignorance must be bliss.

We need to ALL either stop paying our mortgages OR not file our income taxes. But it would have to be a huge movement.

“25% of Americans pay 86% of the entire federal tax burden in the country”
ROFLMAO!
Peach can’t even quote the Heritage foundation’s garbage right.
Their claim is that the top 25% in income of taxpayers pay 86% of fed income tax that is collected.

From The Tax Foundation web site:
During 2006, Tax Foundation economists estimate that roughly 43.4 million tax returns, representing 91 million individuals, will face a zero or negative tax liability. That’s out of a total of 136 million federal tax returns that will be filed. Adding to this figure the 15 million households and individuals who file no tax return at all, roughly 121 million Americans—or 41 percent of the U.S. population—will be completely outside the federal income tax system in 2006.1 This total includes those who pay no tax, and those who pay some tax upfront and are later refunded the full amount of the tax paid or more.

“We can no longer drive our SUVs, eat as much as we want, or heat our homes at 72 degrees. That’s not leadership and that’s not going to happen.”
Peach, this is from a man who keeps the thermostat at the WH at 78 degrees because he is from Hawaii. He doesn’t pay the heating bill, we do.
He is a condescending liar! Hail to the Thief!

My wife and I together earn over $250k, and we are working 70 hour weeks in order to do it. Counting property taxes, state income taxes, and federal taxes, we bring home less than half of that. Now it looks like we’ll bring home even less.
I know people are organizing tea parties to revolt against this, but I wonder if there are any states considering secession? I would certainly move to them, I find it pointless to work hard to reward others.

This is Obama’s plan – the deficit is huge, we’re broke. So we’re going to spend more money.

“right along to tell us that it’s a right wing website.”
That would be because it is and you can’t even get their talking points straight

can anyone say “FAIRTAX”? I’m sorry that would appeal the 16th amendment and take control from the government and give it back to the people. Not going to happen.

The Heritage Foundations is one of the most respected think tanks in Washington and have some of the brightest economists not only in the country but in the world.

OMG who is nuts? There isn’t even a rebate in the stimulus bill.
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Yes there is.
The “making work pay tax credit” means millions of low-income workers who don’t make enough money to pay income taxes would get checks from the government when they file their 2009 tax returns.

Sorry Gad–Corporate welfare has been the name of the game since Regan. Just look at the post of peach. 70 hours a week to make 250.00 grand!! How sick are you people to just work and not even live your life. Is life about your house in the burbs and your pretty green lawns? The country is sick to its core and it is over…We are edging closer and closer to Neo-Marxist state all because the GOP failed to lead when it had the chance.

If Obama was really interested in reviving the economy of our country, he would give the money makers incentives to do what they do best…make lots of money. Strip high taxes and hinderances and let-em-go.
But that’s not what is behind Obama and his type…what they really covet and are gaining is CONTROL.
Americans don’t seem to get the picture of England, Euorpe and other Controlled countries. Apparently Americans are blinded by their own sense of control and cannot see what is about to happen to them. They think with their emotions and believe anything without consideration. They swallowed the folly of an Obama higher principle…
“If we once again guide the market’s invisible hand with a higher principle, our markets will recover, our economy will once again thrive…”

I hope everyone here had time to read an article on this blog by Jake Tapper of ABC news a few days ago.
ABC news concluded that the housing bill was going to help the irresponsible homeowners.
And Jonathan Karl of ABC News wrote an article about 2 days ago (maybe 3) that there were thousands and thousands of earmarks in some bills Obama intends to sign.
Obama promised not to sign ANY legislation with earmarks. In fact, he said he’d call out Congress over it.
He’s a liar and a Marxist liar at that.

My wife and I together earn over $250k, and we are working 70 hour weeks in order to do it
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And I bet you get a tax brake for the interest on your home, and a Tax brake for day care of your children, and a tax brake for the taxes and interest you pay on your cars, maybe on your boat too. Blasted socialist!

I too will slow down my business….glide till I can take social security as soon as I can which I have been paying through the teeth for as a small businessman for many years. Obama is not going to fund his socialist wonderland on my nickel
We are doomed to being a eurosocialist useless nation. USA RIP. conquered without a shot fired from abroad.

Ah, that explains why sales of “Atlas Shrugged” have tripled so far this year compared to the same period in 2008.

Ah, that explains why sales of “Atlas Shrugged” have tripled so far this year compared to the same period in 2008.
Posted by: Seerak | Feb 25, 2009 8:09:29 PM
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You’ve noticed that too? Amazing how people are just now waking up. And it’s ALMOST too late.

The “making work pay tax credit” means millions of low-income workers who don’t make enough money to pay income taxes would get checks from the government when they file their 2009 tax returns.
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OH you said those over $75,000 would not get a rebate. But now it seems you are talking about a credit for low income people. Not a rebate in the sense that there was a rebate last year.
CSense when was $75,000 considered low income?
Back track it won’t work. I know what the poster said.

“i’m one of the people who will have their taxes raised by obama
when he lets the evil bush tax cuts expire.”
You just said you make about $50K a year.
Under this plan, your taxes are not going up.

This buffoon is going to raise taxes on anyone who makes over $250,000 including small mom and pop business.
So can someone please explain to me how the Democrat wealth like Gates (the most “WEALTH” man in world), Spielberg, Warren Buffett, Streisand, the heads of all of the Hollywood studios and record companies, the actors (who demand 20 to 40 MILLION dollars a movie plus residuals), the Kennedy family essentially 70 to 80 percent of the most wealth people in the U.S. continue to supported this buffoon?
My only answer is none of the wealth Democrats pays taxes. If so who is going to pay the taxes??

Like to lower heath care costs? Try tort reform. Until that happens, all that will happen is tranfer of wealth to the lawyers. Check out what % of heath care cost is lawyers, settlements, & liability insurances. Oops, the lawyers write the laws so that won’t happen either.

Auto repair shop – going out of business. Letting 12 employees go after 14 years. Not even trying to sell it. Some Ithey said) voted for the savior O. Maybe he can give them a job now. They got what they asked for.
12 employees – last year’s payroll was 480k – starting next week – zero!

Love the comments from business owners who say they are simply going to close up shop, let all of the employees go (most of whom probably voted for the Obamessiah) and do something else. One thing is for certain, those who voted for Obama are going to get exactly what they deserve.

Ryan C said “He promised there would be no earmarks in the stimulus and there were no earmarks in the stimulus. ”
You obviously didn’t read the so-called “stimulus” – it was FULL of earmarks.

“Shine Light on Earmarks and Pork Barrel Spending: Obama’s Transparency and Integrity in Earmarks Act will shed light on all earmarks by disclosing the name of the legislator who asked for each earmark, along with a written justification, 72 hours before they can be approved by the full Senate.”
ROFLMAO.
Where does that say Obama will never sign any legislation with earmarks?
It doesn’t. Its discussing transparency because Obama believed public knowledge and shame can be more effective at stopping earmarks than a ban (proposed by McCain but not embraced by his fellow pork lovin Republicans)
Hey peach, remember the article about the two Obama cabinet members who had asked for earmarks.
New transparency rules ordered up by Democrats two years ago require lawmakers requesting earmarks to write a letter expressly asking Congress to dedicate money for a given project. And as one scours the omnibus spending bill, it’s easy to find specific appeals from people who are no longer in office, like LaHood and Solis.

Obama is critical of pork barrel spending yet signs the BIGGEST pork barrel bill in history – is thet the change we can believe in?
The democrats are the party of hypocracy!

“You obviously didn’t read the so-called “stimulus” – it was FULL of earmarks.”
The signed stimulus bill did not have earmarks.

Hey folks, stop whining and sniviling, you voted for this guy and his big spending associates in Congress. Give it a year and see if you are still a believer when the high paying jobs don’t materialize for people with no job skills. When the economy crashes to depression levels because of the worthless dollar, see how you like standing in the bread lines to eat. Nope, sorry I won’t be joining you as I have worked hard, saved my money and will shortly taking my family and moving to the country to wait out the coming turmoil. It isn’t going to be pretty and Darwin’s theory of the “Survival of the Fittest,” may well be tested.

It seems a few people are hung up on on the word earmark. Regardless of what you call it there is a substantial amount of spending that has ZERO to do with stimulating the economy! The spending on social programs is already out of control. I see Obama now wants to set aside $$$687 Billion $$$ more for ‘Healthcare’. Problem is do you want the same government that runs the post office, Amtrack social security and a fruad laced medicare system running social medicine? Oh, By the way we are going to completly hose over the people who have worked their butts off in the process. 2010 is all I can say!!!!

The Drudge healine reads: Was it something he said.
Then it shows the graph of how the Dow dropped like a tank as Obama came out to speak.

So – here’s my question – who’s money is it? Is it mine, or is it the governments?

what would you expect from a leftist?he wants to punish hard working people and subsidize the the loafers .i tell peopole i meet “you can”t blame me ,i voted republican”

Between the bill that he just signed and the one that is coming, he has already spent over 1.3 trillion without interest. People are soooooooooo stupid to think that it is even close to being over. He is going to spend, spend, spend. He is going to go down as the worse president in the history of our country. If people think health insurance is high now, wait and see what it “costs” when it is “free”.

To Peach, here is Obama’s exact quote regarding earmarks from his campaign web site. I downloard and saved the entire site before he could delete it.
“Shine Light on Earmarks and Pork Barrel Spending: Obama’s Transparency and Integrity in Earmarks Act will shed light on all earmarks by disclosing the name of the legislator who asked for each earmark, along with a written justification, 72 hours before they can be approved by the full Senate. ”
Obama did not do this! He broke this promise.
He also broke this one on the latest bill if you agree it was not an emergency measure.
“Sunlight Before Signing: Too often bills are rushed through Congress and to the president before the public has the opportunity to review them. As president, Obama will not sign any non-emergency bill without giving the American public an opportunity to review and comment on the White House website for five days. “

“Ryan C you idiot what makes you think you have any understanding of small businesses and how much of a struggle it is for them”
Because I run one and have done so for year now.

Ryan C: “He promised there would be no earmarks in the stimulus and there were no earmarks in the stimulus.”
A rose by any other name would smell as sweet. How does an earmark smell? Better be glad it is not a snake, it woulda bitcha.

“Obama did not do this! He broke this promise”
For Vicki
“New transparency rules ordered up by Democrats two years ago require lawmakers requesting earmarks to write a letter expressly asking Congress to dedicate money for a given project. And as one scours the omnibus spending bill, it’s easy to find specific appeals from people who are no longer in office, like LaHood and Solis.”

You notice how Obama’s definition of Rich seems to flucuate wildly depending on the audience and circumstances? For the Stimulas 140k defines rich and now he defines it as 250k. A month ago he was saying 150k. Obama is taking a page from W.C. Fields who used to say ‘There is a sucker born every minute’

ulno… Out of 300 million US citizens nobody else is willing to produce more if you produce less? Are you sure? Me thinks you all read too much Ayn Rand. Have fun in your invisible fortress.

The only way this country can function as a successful Republic is if everyone pays taxes. All citizens have to pay taxes–there can be no passes for citizens regardless of income or ability. Everyone has to have skin in the game. Only then can I even mouth the concept of higher taxes on the wealthy–but this idea of some not paying ANY taxes makes my stomach turn and brings me great concern for the future of our country.

“Let’s be real folks- this is about creating another generation and level of government dependents.”
———–
Exactly.

“He promised there would be no earmarks in the stimulus and there were no earmarks in the stimulus. ”
They weren’t called earmarks, but they were there all right. Just because they haven’t been called it doesn’t mean they aren’t there. Wake up!

Did everyone enjoy that “fiscal responsibility” summit Obama held the other day?
Never again will anyone in the country be able to say the words Obama and fiscal responsibility in the same sentence.

Waiting for the first state to debate succeeding because i want to move there vote for it and then live there. For most of you drinking the cool-aid – explain how the big ‘O’ said stimulus is required to get money back in the economy and then in the next sentence is raising taxes to take money out of the economy. Figure it socialist!!!

Now I see why Obama gets away with doing one thing while saying another, such as increasing spending while saying he is cutting the deficit. Individuals such as lr3921 think that increasing taxes on workers won’t decrease the number of individuals who work, while increasing taxes on smoking will decrease the number of smokers.

So 2/3′rds of the largest corporation didn’t any tax between 1998 and 2006? Go to Morningstar pull up any large corporation you want and then click on the financial statements on the left. Take Exxon during that period-they paid over $102 BILLION in taxes.Microsoft paid $35 BILLION, Pfizer $18 BILLION. Liberal HOGWAH that corporations don’t pay taxes.

“Did everyone enjoy that “fiscal responsibility” summit Obama held the other day?”
The Republicans raved about it.

The child health care bill taxes cigarette smokers 68 cents/pack. Bill HR 45 will regulate our guns and “tax” them. HR 1068 will raise taxes on stocks, mutual funds, futures, etc. There are rumors for other “sin” taxes to include alcohol. These are taxes and you will pay them regardless of what you make. Anyone foolish enough to believe the Libs won’t raise the gas tax? Just because the Republicans were idiots doesn’t mean the Dems have to trump them!

Has anyone else noticed that every sector of our economy is laying off EXCEPT the government?

“We cannot expect the Americans to jump from straight from capitalism to Communism, but we can assist their elected leaders in giving Americans small doses of socialism until they suddenly awake one day to find they have Communism.” — Soviet Leader Nikita Khrushchev, 1965
Posted by: People’s Republic of America | Feb 25, 2009 8:50:32 PM
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That’s worth repeating. Every day.

Schultheis: HIV testing for pregnant moms rewards ‘sexual promiscuity’
Democrats were outraged Wednesday morning when Republican state Sen. Dave Schultheis said he planned to vote against a bill to require HIV tests for pregnant women because the disease “stems from sexual promiscuity” and he didn’t think the Legislature should “remove the negative consequences that take place from poor behavior and unacceptable behavior.”
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LOL. Yup, let’s just punish the newborn, not to mention that it takes only person in the relationship to have poor behavior. Typical of the GOP he assumes it was the woman who had the poor behavior. Boy the GOP is in the dark ages.

We should tax anyone making over $50,000
at the marginal tax rate of 95%.

ulno you have no idea what I believe. I’m just calling lies when I see them. Many posts on here, people talk like they are all fiscal conservative and free market and rah rah rah. Why is eliminating a progressive (read: wealth redistribution) income tax not a central goal of the Republican party? Why did government spending and debt massively increase over the duration of the Bush presidency? Why was it OK for Bush to hand over big piles of money to AIG, and all the Republicans claimed if we didn’t do it RIGHT AWAY our entire financial system would melt? My point is, some people just don’t like Obama. You are all like sports fans… you root for a team. Nobody really cares about policies and solutions anymore. It’s sad, but true.

Today paper:
Hungary is teetering on the edge of bankruptcy with its citizens struggling to pay off mortages and personal loans taken out in foreign currency during one of the post-Communist era’s most exhuberant booms.
This is what Marxism brings — coming soon to America.

This year I will be paying $115,000 in Fed taxes. I own a small business, I am in debt up to my ears, and I have very little cash flow. I will dig to find the money, but to let you know, I drive a 98 Tahoe with 125,000 miles on it. I live in a modest home. But I guess I am one of those rich business people that screws the employees. Oh, my employees have been with me for 15 years.

“Dude- now you’re quoting “left wing” propaganda pieces?”
That was a report by the GAO.
Do you know what GAO stands for?
“Isn’t that the same thing you were just whining about with the Heritage Foundation (your definition, sic)?”
No, the GAO is a the Government Accounting Office a literally non partisan investigative arm.
The Heritage foundation is a free market think tank that longs for the days of the robberbarons.

Most rational thinkers would agree that the housing problem needs to be fixed before the economy turns around. Housing can’t be fixed by rewarding the 8% of people that are not paying their mortgage payments. If Obama wanted to fix the problem he needs to incent the 92% to buy more houses through tax credits. If he is not smart enough to figure that out we are doomed because its a fairly simple concept

Yet not one line of the bill contains specific language to direct any of the stimulus bill’s spending to the 98 percent of American firms that create over 97 percent of all new jobs.
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Hmmm….. not one line of the bill contains specific language to direct any of the spending to the 2% of the firms that create under 3% of the jobs. That is if your numbers are to be believed.

Hmmm, waiting for after the mid-term election. Someone appears to be worried about the potential affect raising taxes will have.

Simon,
Where are the WMDS?
Where are the suitcase nukes that Cheney told Armey about?
Why was Valerie Plame’s status as a CIA NOC revealed?

LOL, Betsy. Very good.

Yes, Gary B – We’re about in your same boat. Yes, us greedy bas***ds are bilking the US. And at the same time we’re trying desperately to keep our employees (some we’ve had for 15 years), and pay full tuition for college, (not in hock enough to qualify for aid), all while we’re working about 16 hours a day. There are times you wonder if this is worth it, while others don’t even bother to make an effort to pay credit cards, mortgages, etc.

There are going to be so many unemployed people on welfare after Obama is finished that it’s got to be deliberate on his part.
He can’t be this dumb.

Why does the media allow Obama to get away with “President Bush gave the banks a free check without any oversight.” A Democrat controlled congress aggressively supported Bush (didn’t it seem strange at the time) and wrote almost 500 pages of what they claimed was oversight. So why wasn’t there any oversight? They now control the Treasury so why can’t they get oversight back? The media also forgets Obama was in Congress for four years. Isn’t he responsible for anything? Did he fight big budgets? No! Did he ask for regulation of the banks? No. Did he fight regulation of Fannie Mae or Freddie Mac? Yes.

Obama is screwing over seniors and the rich in one fell swoop with his new Medicare proposal.

Lyn, the Depression was well over by the 1950s. The spending in the 30s is what prolonged it.
Why should wealthy people pay a higher percentage than anyone else? We should all pay the same and that is being generous because the people who pay the least in taxes get the most in government benefits.
This will cause a great deal of problems. Stupid is as stupid does.

Paid enough – It makes you wonder if this is worth it while others don’t seem to be too worried if they even pay their obligations. You feel bad to let employees go, but we’re awfully close, too. It’s just very, very tiring. It’s like you’ve come within a few inches, and it’s slipping further and further everyday. My husband and I are just disgusted. We’re trying to hang on to the business for the kids, but I’m wondering if they’ll even want it after seeing what we’re going through.

“Those taxes (91%) in the 1950s got us out of the great depression.”
Yep, big incentive to make that next dollar if 91 cents goes to the government. That is, without a doubt, the dumbest thing I have ever heard.

I saw this coming a sold my business a year ago. Sad thing is that some of it’s operations have already been out sourced to China. Take away the business incentive and this nation will sink to third world status in a hurry, just as it has been engineered to do.

Obama has never had a real job, but he is running the country like a community organizer which, oh yeah, is close to the only real job he has had.
Mug, extort, by whatever means you are able, the haves and give to the have nots.
Not that I am for it, but If they make freebie healthcare …. I will retire early. No need to work and pay more taxes.

According to the latest statistics from the U.S. Census Bureau, 98 percent of all American firms have less than 100 employees, 90 percent of all firms in the U.S. have less than 20 employees and those firms are responsible for over 97 percent of all new jobs in America.
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US Census Bureau 2004
Total employed 115,074,924
Firms with 2,500 employees or more 42,855,273
Now I admit I do not know what a small business is, but a company with 2,500 employes is not a small buisness to me.
and They certainly hire more than 2% of the employees.

“Even FDR’s Treasury Secretary admitted in his own diary that they spent too much money during the Depression and made things worse.”
His diary…as quoted by a neoconferate right wing author who hate Lincoln.
The unemployment rate went from 25% to 10% in 4 years.
Peach given that you feel that FDR prolonged the Depression it is your contention that WW2 broguht us out of the Depression?
That government spending on an even grander scale coupled with rations and wages determined by the government brought us out of the Depression?
Is that your contention?

McCain’s Trollip – What would you do without the Republicans to support you and pay your bills? You sound like a sorry person who perpetually has his handout to collect. God knows your fellows in the Cabinet don’t even know how to process Turbo Tax.

The only demographic groups that McCain won were the old, white, rural, uneducated, low-income, Christian voters. I don’t know anyone under 50 who voted for Grampa Simpson over Obama.
The far right has lost the urban centers, the West Coast, and the East Coast from Massachusetts to Maine. All that’s left is poor white Southerners.
Makes you wonder about these far-right zealots squealing about the tax increases, since their chance of making a quarter million a year is about the same as Bush/Cheney admitting that the Iraq War was a fraud.

tax tax tax people into oblivion. any eco 101 student knows that small business especially creates jobs and this 250K ruination will destroy the engine that creates jobs. i cannot believe how in one month this man has torn down the capital markets it took 240 years to build. incredible.

tax tax tax people into oblivion. any eco 101 student knows that small business especially creates jobs and this 250K ruination will destroy the engine that creates jobs. i cannot believe how in one month this man has torn down the capital markets it took 240 years to build. incredible.
Posted by: dave | Feb 25, 2009 9:24:46 PM
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It’s astounding. And we’re sheep for putting up with it.

Big dog , those 91% taxes were implemented in the 1940s to control the greedy!…And it worked!
Those wealthy greedy Republicans are laughing at the middle class that vote for the Republican Party! Rush hate paying taxes even as he gets 28 million a year. If Rush paid 50 % in taxes, could he live on 14 million a year for spreading Republican hate, lot of money for being a shill! How much does he pay for a loaf of bread? Probably the same as you!

Janice-
I do. I practice Family Medicine and moonlight in Emergency Medicine to support my family medicine practice!!!

Hi Guys,
I moved here 13 yrs ago from the UK to escape socialism and all its ills, crappy healthcare, high taxes etc etc looks like its time to find another country or start a revolution, or a credible, PATRIOTIC third party that is built on the CONSTITUTION of this once great country. Anyone want to start the Patriot Party or something similiar?? before its too late. We have to muster some resistance for the mid-term elections and maybe this marxist barsteward could be one and done, here’s hoping…..

You conservatives make me want to puke, what’s the big deal? This tax hike is only putting you back to the rate that you were paying in the 90’s under Clinton. At that time I was making just over 100K and happily paid the taxes, now after 8 years of Bush I make well under 100K (same company and same position) and am happy to see the high earners pay more while I may finally get a break for a change.

You know something most of us weren’t taught in school?
In 1920 the country suffered a worse depression than the 1929 depression. All the economic indicators were worse than in 1929.
So what did the government do? Nothing. Well, after a few months, they decided to lower taxes.
And you know what – by the end of the year the country was out of a depression.

McCain’s Trollip – You sound just like the rest of the libs who voted for BO based on image. Do you really believe all the Repubs live in trailers? Probably so, because I believe all the libs are weed toking, burnouts who are 40 and still living with their Moms, begging for the next handout. Better get it all from BO, because the donations and good will have ceased.

I must remind everyone.
The Fall of the Roman Empire,,, is a REALLY GOOD READ…
I am ONE OF THE PEOPLE THAT OBAMA HAS TARGETED… And you know what,,, I’m not working overtime,,, I’m not investing,,,,and I am looking into getting onto the guvmnt dole with the rest of you pukes :)
ATLAS SHRUGGED

“Fidelity’s Edward “Ned” Johnson jumped into the controversial debate over President Obama’s “New Deal II””
Not surprisingly, others’ views on Johnson’s views depended on their interpretation of economic history.
Daniel Mitchell, a senior fellow at the libertarian Cato Institute, said Johnson’s remarks were on the “right path,” though he said they might be “kind of risky” if they anger government policymakers.
Mitchell compared former President George Bush to Herbert Hoover and Obama to Franklin D. Roosevelt, the two presidents in office at the beginning and end of the Great Depression. Both failed to get the nation’s economy working, he said.
But William Cheney, chief economist at Boston’s John Hancock Financial, said he “very much” disagreed with Johnson’s version of FDR’s New Deal policies.
Roosevelt’s initial policies did boost the economy, which faltered after FDR tried to rein in government spending, Cheney said.

Hate to break it to you Angie, but I make a great living in the hi-tech sector and I’m probably a good decade or two younger than you. No comb-over here and no yard for my Obama sign, because I rent a view condo on Lake Union.
You old people just don’t get it. The electorate has changed drastically in just the last eight years, and more change is coming. If you can’t say something constructive, get the hell out of the way.

Since when is talking about receding from the union inflammatory? I think it reflects our right to self determination. I vote that Texas and Oklahoma form our own nation. No illegals, no gangs, low taxes, and no socialists.

Those tax breaks for the wealthy, thanks to Bush, hows is that working? Big businesses used to pay 50% taxes and now most don’t pay any, hows that working? Maybe there is a reason this once great nation has gone down so far that now we have to beg Communist China to lend us money!Doesn’t anybody see the irony , that this once great capitalist nation now has to borrow from a communist country?… Wake up!

“Since when is talking about receding from the union inflammatory”
Texas v. White, 74 U.S. 700 (1869) was argued before the United States Supreme Court in 1869. The Court held in a 5–3 decision that the Constitution did not permit states to secede from the United States, and that the ordinances of secession, and all the acts of the legislatures within seceding states intended to give effect to such ordinances, were “absolutely null”.
Not inflammatory, just stupid and unpatriotic.

LOL, the thin-skinned partisan ABC Censors doing their usual bit and building on ABC’s reputation as the biggest censor on the web!

I’m tired of the young punks complainung about socialism, what do you think paved the road you drive on, did you pay for it, or do you think 42 cents realy pays for a letter to travel accross the country? These are just a couple forms of socialism, think about it! Do you think that you alone pay for the police or the military or the fire department?

Dear Neocons,
You lost. Get over it. You can criticize Obama, ‘the libs’, or anyone you want until you’re red, white, and blue in the face. Guess what, though, you’ve been fired by America. It’s done. Go back to the sofa and let our new leaders try to fix what you’ve spent eight years wrecking – our country. In other words, shut up already for all our sakes.
Mike the Wicked Lib :D

Mighigan has over a ten percent unemployment rate. Gov Granholm has done an awesome job with this state’s unemployed. we continue to call M.A.R.V.I.N. and we keep getting paid. I just want to thank everyone for allowing me to collect unemployment for over a year now. you dont know how cool it is that i could buy this new laptop with my stimulus check and that i might be getting health insurance now too. keep up the good work. oh, ps thanks for the unemployment raise too.

In the two years that the Democrats have controlled congress, they have managed not only to ruin the economy but they are actively trying to shred and bury any remnants of it.
All part of their long running plan to try converting America from the “Land of The Free” to the “Slaves of The Marxist State”.

“I’m still waiting for Obama to call out the legislators who put in those 8,000+ earmarks.”
And the backtrack begins.
Care to retract your earlier lie that Obama said he would never sign legislation with earmarks?
Posted by: Ryan C | Feb 25, 2009 8:31:56 PM
So 30 million for a mouse isn’t an earmark?

All of you small business owners can thank these Obama supporting leftists by laying them off.

“So 30 million for a mouse isn’t an earmark?”
There was never $30M for a mouse that was made up by GOPers.
Politifact
So Pelosi did not put an earmark in the bill to save the mice. In fact, there’s no money in the bill for mice. For this reason, we rate Pence’s remark False.

I’m tired of the young punks complainung about socialism, what do you think paved the road you drive on, did you pay for it, or do you think 42 cents realy pays for a letter to travel accross the country? These are just a couple forms of socialism, think about it! Do you think that you alone pay for the police or the military or the fire department?
Posted by: Lyn | Feb 25, 2009 10:00:55 PM
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Well, Lyn, you’re really doing yourself proud in this thread. Now in addition to calling people “punks” who don’t agree with you, you’re also equating the existence of public goods, which exist in every economy, with socialism? Could you be any more disingenuous? Plus, that still doesn’t justify fully embracing socialism, does it? Or are you trying to say that because we have certain essentials that are funded by tax dollars that this somehow means we should fully embrace socialism as a country? Jeez.
Please do yourself a favor and go take an economics course and a history course. It might prevent you from embarrassing yourself again like this in the future.

“We went to war. Silly liberal.
Just like the war in Iraq we spent.”
So money given to Blackwater and Haliburton with little accounting is all good but dare try and help working families and one is a socialist.

“Peloski’s $30,000,000.00 pork earmark for mice
Once again, the Liberal Liars cannot hide.”
Try again the Moonie Times only repeats the same debunked claim.
There was never a $30M earmark for mice.

Food for thought:
The reason that Socialism is now the fallback movement to Democracy is our Democracy doesn’t have the capacity to pay even the interest on our current debt. Socialism on the other hand has the capacity to pay back our debt if everyone is employed and salary goes to the government. Communism on the other hand is the result of Socialist’s dropping out of the unproductive and demoralizing Socialist system.

After the last 8 years how anybody could vote for those lock stepping Republicans is beyond me! Who do you think got us in all this trouble?
Posted by: Lyn | Feb 25, 2009 10:10:13 PM
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Both parties got us into this trouble or did you forget the fact that the Democrats have controlled Congress the past two-plus years and had significant power even before that because of the tight balance between the parties in Congress? As far as Republicans “lock stepping,” that’s what happens when you hold the same principles. However, if anything, too many Republicans, including Bush, diverted from the stated principles of the party and started acting like Democrats — i.e., spending like drunken sailors. It’s funny how you ignored the fact that the Democrats often walked in lockstep when opposing certain parts of Bush’s policies. But you keep posting these silly talking points from the Democratic Party because it really helps your credibility as a commenter.

“So money given to Blackwater and Haliburton with little accounting is all good but dare try and help working families and one is a socialist.”
-RYAN C
READ the CONSTITUTION… Please tell me where it says that the FEDERAL GOVERNMENT must feed the people? pay for medicine? educate the children?
…hit… IT DOESN’T EXIST! The Framers of the Constitution provided for INDIVIDUAL FREEDOM FROM GOVERNMENT>.. The #1 responsibility of the FEDERAL GOVERNMENT is to PROTECT AND DEFEND THE UNITED STATES OF AMERICA.
…If you crave socialism move to CUBA or RUSSIA or Europe… other wise STOP TAKING MONEY OUT OF YOUR NEIGHBORS POCKET by hiding behind the gun of the Federal Government!!!

It is amusing to see the Republicans whine and moan. They think they actually have an once of credibility after their complete mismanagement of the economy of the last 8 year. Their tax cuts failed and was clearly misguided. An economic expansion driven by a housing bubble which is now bursting.
They are in complete denial and doing everything possible to point the finger at anyone but themselves. Pathetic and useless.

I no longer shop or fill up my tank in blue counties.
On April 1st I will stop smoking cigars to avoid Obama’s SCHIP taxes.
I started my own business to shield my income from the government.
I haven’t seen a Hollywood movie in 3 years.
Starve the beast, conservatives. Stop pulling their wagons.

Hey TOc3 – awesome comment! Echos what I said – work hard and get punished, sit on your duff and get sympathy and other people’s hard earned money.

Ryan C said: “Democrats haven’t had “unlimited power” until Jan 20th 2009 when they took control of the Presidency in addition to padding their margins in the House and Senate.”
Well well well. Since you didn’t insult anyone maybe you’re finally ready to debate with the big boys. So I’ll try it again with you-
Google “Community Reinvestment Act” and then check out “Clinton changes rules for Wall Street Banks.” Go to you tube and search “burning down the house.”
Democrats controlled the Senate Banking Committee- the origination of ALL of our problems.
You may also be interested to learn that: Obama sued comapanies for not issuing ENOUGH bad loans to bad credit borrowers, intimidating others into buying into FANNIE/FREDDY government backed securities.
And just for fun search “Clinton says democrats bear blame.”
You will learn that democrats fought every attempt to REGULATE this problem. Bush tried in 2003. McCain tried again in 2006 as a sponsor.
Will you learn? Or will learning equal letting down the ‘team?’

..is BO just plain stupid?…and ignorant AND stupid? Everytime this idiot opens his mouth the market crashes more and more. We need everyone in Congress to be voted out..and I man everyone…regardless of party…this bitches and bastards are terrible!! TERMS LIMITS!!…TERM LIMITS!!

ok, so let me get this straight, I grow up in a struggling household, was told to do my best in school so that I could get a good eduction, became the first person in my entire family to go to college, still owe over $50,000 in student loans for that education, work from age 15 and pay into the tax system, never been without a job a day in my life, work my way up from an HR Clerk to and HR Specialist, to an HR Administrator, to HR Manager, Director and VP and finally decided to go out and start a business of my own. After 20 years of working my butt off for people that were way less experienced than me, taking crap on a daily basis. Now I finally make about 280,000 per year and my spouse makes just about the 260,000 per year, pretty much the same story of working hard. Now we are considered rich? we are taxed to death already, his income on paper is $260,000 per year but after taxes and benefits and 401K (which by the way is in the tank) he only sees about $172,900 per year and I have a small HR Consulting Business( I employ 3 HR Consultants) I bearly see $145,000 per year combined we make about $350,000. We live very modestly, no fancy cars (Honda CRV) and a Chevy Malibu, a Three bedroom townhouse in a decent area that we can afford, if one of us was to lose our income, 2 children in school and daycare a father that has diabetes that I take care of and all the other bills that come along with that. How in the world am I a rich person because we make over $250,000 per year. I have worked my butt off to get where I am and so has my Husband, why should my taxes be raised more than anyone else? how is that fair? Should I tell my kids that they should aspire to do great things, but just remember don’t make over a certain amount our you will be penalized by the government for your financial success? How does this work, can someone please tell me? What about the Janitor that started his own business cleaning offices, or the Truck Driver that worked his butt off to go out and by a truck and start his business?, how about the HVAC Person that went to school and started his own business and makes over $250,000 but has to employ helpers? what about the small people that fight and scrape every day and finally make it to go into business for themselves? now we are told that we are going to be penalized because we are considered to be rich? This is a load of crap and class warefare if I have ever seen it. This whole thing is going to back fire. As an African American who has had to struggle against Corporate crap for over 20 years to now own my own and have to be punished because of success, this is very dissapointing. God knows we give to charity, we give to our church, we give to every fund imaginable, but that is of our free will, now we are going to be forced to give more?

“All those Democrats in both houses of congress are on record stating that Hussein was a threat and had WMD’s.”
And they were acting on cooked intelligence by the Bush admin.
It is my hope that Bush and the rest of his admin are tried for war crimes here in the US but I understand that Obama has alot on his plate right now.

So money given to Blackwater and Haliburton with little accounting is all good but dare try and help working families and one is a socialist.
Posted by: Ryan C | Feb 25, 2009 10:20:01 PM
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Nothing like a strawman argument from a liberal. First, who is specifically defending all the money that was spent in Iraq? Defending spending on the war effort in Iraq in general terms is not the same as defending each individual expenditure. Everyone knows there has been waste there. Of course, there always is waste and inefficiencies when the government is involved — the same government that you’re apparently trusting to “fix” the economy, run our health care system, run the banking system, etc. Do you see the irony behind that?
Second, I don’t see anyone not wanting to “help working families” — especially since a large part of this country, including many that opposed the so-called “stimulus” pacakage, are “working families.” The problem is how to best help them and this so-called “stimulus” package is simply not going to do it. After all, approximately 70% of our economy is based on consumer spending but this package has not directly targeted that as much as it could’ve. Also, considering that there are plenty of Republicans that are “working families,” I have to laugh at your cliched comment. Many on the Left, like you, are continually portraying many people in this country as helpless victims when the vast majority of people have the ability to pull themselves out of difficult situations, whether they created the situation or external forces did. Perhaps you’re the helpless one that wants to have some partners with you while you’re whining and crying for more government handouts.

“General Welfare of the United States” does NOT mean welfare for individual persons!
They were referring to early infrastructure and helping to facilitate trade and markets and general running of the government – NOT welfare entitlement giveaways to the Welfare Lazy!

“Democrats controlled the Senate Banking Committee- the origination of ALL of our problems.”
Democrats gained control of the Senate Banking Committee in Jan 2007, can you name what law they enacted that caused the meltdown?
“You may also be interested to learn that: Obama sued comapanies for not issuing ENOUGH bad loans to bad credit borrowers, intimidating others into buying into FANNIE/FREDDY government backed securities.”
Ahh yes the right wing version, now for the truth
Plaintiffs filed their class action lawsuit on July 6, 1994, alleging that Citibank had engaged in redlining practices in the Chicago metropolitan area in violation of the Equal Credit Opportunity Act (ECOA), 15 U.S.C. 1691; the Fair Housing Act, 42 U.S.C. 3601-3619; the Thirteenth Amendment to the U.S. Constitution; and 42 U.S.C. 1981, 1982. Plaintiffs alleged that the Defendant-bank rejected loan applications of minority applicants while approving loan applications filed by white applicants with similar financial characteristics and credit histories. Plaintiffs sought injunctive relief, actual damages, and punitive damages.
“You will learn that democrats fought every attempt to REGULATE this problem. Bush tried in 2003. McCain tried again in 2006 as a sponsor.”
Who controlled Congress from 2003 thru 2006?
McCain was not a sponsor but a cosponsor becoming a cosponsor after the bill was pretty much dead in committee
And that “regulation” that McCain and some Republicans proposed.
It was LESS oversight than what existed.

It is amusing to see the Republicans whine and moan. They think they actually have an once of credibility after their complete mismanagement of the economy of the last 8 year. Their tax cuts failed and was clearly misguided. An economic expansion driven by a housing bubble which is now bursting.
They are in complete denial and doing everything possible to point the finger at anyone but themselves. Pathetic and useless.
Posted by: Chris | Feb 25, 2009 10:30:04 PM
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Their tax cuts failed? You mean the ones from over six or more years ago that caused sustained economic growth through most of Bush’s two terms? Talk about rewriting history. Why don’t you explain how these tax cuts caused the mortgage crisis and banking crisis? I’d love to hear this argument where you link the problems solely to the tax cuts. Every economic expansion is driven by some sector that eventually runs out of steam, as this one did due to the housing sector. Just ask Clinton after the dot-com bubble burst.
As for them being “in complete denial and doing everything possible to point the finger at anyone but themselves,” that pretty much describes how both political parties act on every issue, isn’t it? Or are you saying that all the Democrats who voted for budgets the past eight years and the changing regulations in the mortgage sector and the Iraq War don’t do the same exact thing you’re accusing the Republicans of doing? The only thing “pathetic and useless” is your desire to use hyper-partisanship instead of critical thinking.

by 2011 I doubt any American families will be making over $250,000

“Nothing raises revenue like hoping people will stop using the product you’re taxing to raise revenue”
And by reducing smoking, you reduce health costs incurred by smokers.
If smoking tax revenues dwindle to where they are insufficient to pay for SCHIP either the program will be reassessed or a new revenue stream will be found.

“We need to ALL either stop paying our mortgages OR not file our income taxes. But it would have to be a huge movement.”
That’s the spirit, Peach! Just replace the “OR” with an “AND”. We the people will cripple the bankers and their lapdog government together.
Tax revolt, one person at a time.

“You mean the ones from over six or more years ago that caused sustained economic growth through most of Bush’s two terms? Talk about rewriting history”
Yes let’s talk about rewriting history.
Lets talk about tax cuts as stimulus.
They started in 2001, unemployment continued to climb thru 2003 & 2004 finally ebbing in 2005.
And that economic growth?
Economists were calling it the jobless recovery as wages remained stagnant good paying jobs were replaced with crappy service jobs.
Most of the other “growth” was people overextending themselves listening to the CiC’s words of patriotic action “Go Shopping!”

“if the tax is designed to make them quit smoking then who is going to pay for the expensive program.”
If that were to occur then another tax revenue would have to be found or the program scrapped.
The previous incarnation of SCHIP did just fine funded this way.
I doubt we will have to worry about a new tax revenue stream for at least a decade.

I seem to recall that the Obama camp changed the income amount during the election, and will be curious to see if it drops down from $250,000 at some point in time. In addition, I don’t take their words as truth, because they change them every two or three days. Next thing we know, they’ll announce they are raising taxes starting next week. ISRAEL is lowering taxes to deal with the recession, as is China. The Bush tax cuts helped bring about economic growth, Reagan’s tax cuts brought about economic growth, as did those of JFK. Those are all good reasons to RAISE taxes, I suppose. Why is it that the government is asking us to tighten our belts, yet they are increasing spending in various departments by 12-141 percent? It is disgusting.

“One way or the other, we are determined to deny Iraq the capacity to develop weapons of mass destruction and the missiles to deliver them. That is our bottom line.” –President Bill Clinton, Feb. 4, 1998
“If Saddam rejects peace and we have to use force, our purpose is clear. We want to seriously diminish the threat posed by Iraq’s weapons of mass destruction program.” –President Bill Clinton, Feb. 17, 1998
“Iraq is a long way from [here], but what happens there matters a great deal here. For the risks that the leaders of a rogue state will use nuclear, chemical or biological weapons against us or our allies is the greatest security threat we face.” –Madeline Albright, Feb 18, 1998
“He will use those weapons of mass destruction again, as he has ten times since 1983.” –Sandy Berger, Clinton National Security Adviser, Feb, 18, 1998
“[W]e urge you, after consulting with Congress, and consistent with the U.S. Constitution and laws, to take necessary actions (including, if appropriate, air and missile strikes on suspect Iraqi sites) to respond effectively to the threat posed by Iraq’s refusal to end its weapons of mass destruction programs.” Letter to President Clinton, signed by: — Democratic Senators Carl Levin, Tom Daschle, John Kerry, and others, Oct. 9, 1998
“Saddam Hussein has been engaged in the development of weapons of mass destruction technology which is a threat to countries in the region and he has made a mockery of the weapons inspection process.” -Rep. Nancy Pelosi (D, CA), Dec. 16, 1998
“Hussein has … chosen to spend his money on building weapons of mass destruction and palaces for his cronies.” — Madeline Albright, Clinton Secretary of State, Nov. 10, 1999
“There is no doubt that … Saddam Hussein has reinvigorated his weapons programs. Reports indicate that biological, chemical and nuclear programs continue apace and may be back to pre-Gulf War status. In addition, Saddam continues to redefine delivery systems and is doubtless using the cover of a licit missile program to develop longer-range missiles that will threaten the United States and our allies.” Letter to President Bush, Signed by: — Sen. Bob Graham (D, FL), and others, Dec 5, 2001
“We begin with the common belief that Saddam Hussein is a tyrant and a threat to the peace and stability of the region. He has ignored the mandate of the United Nations and is building weapons of mass destruction and the means of delivering them.” — Sen. Carl Levin (D, MI), Sept. 19, 2002
“We know that he has stored secret supplies of biological and chemical weapons throughout his country.” — Al Gore, Sept. 23, 2002
“Iraq’s search for weapons of mass destruction has proven impossible to deter and we should assume that it will continue for as long as Saddam is in power.” — Al Gore, Sept. 23, 2002
“We have known for many years that Saddam Hussein is seeking and developing weapons of mass destruction.” — Sen. Ted Kennedy (D, MA), Sept. 27, 2002
“The last UN weapons inspectors left Iraq in October of 1998. We are confident that Saddam Hussein retains some stockpiles of chemical and biological weapons, and that he has since embarked on a crash course to build up his chemical and biological warfare capabilities. Intelligence reports indicate that he is seeking nuclear weapons…” — Sen. Robert Byrd (D, WV), Oct. 3, 2002
“I will be voting to give the President of the United States the authority to use force — if necessary — to disarm Saddam Hussein because I believe that a deadly arsenal of weapons of mass destruction in his hands is a real and grave threat to our security.” — Sen. John F. Kerry (D, MA), Oct. 9, 2002
“There is unmistakable evidence that Saddam Hussein is working aggressively to develop nuclear weapons and will likely have nuclear weapons within the next five years … We also should remember we have always underestimated the progress Saddam has made in development of weapons of mass destruction.” — Sen. Jay Rockefeller (D, WV), Oct 10, 2002
“He has systematically violated, over the course of the past 11 years, every significant UN resolution that has demanded that he disarm and destroy his chemical and biological weapons, and any nuclear capacity. This he has refused to do” — Rep. Henry Waxman (D, CA), Oct. 10, 2002
“In the four years since the inspectors left, intelligence reports show that Saddam Hussein has worked to rebuild his chemical and biological weapons stock, his missile delivery capability, and his nuclear program. He has also given aid, comfort, and sanctuary to terrorists, including al Qaeda members … It is clear, however, that if left unchecked, Saddam Hussein will continue to increase his capacity to wage biological and chemical warfare, and will keep trying to develop nuclear weapons.” — Sen. Hillary Clinton (D, NY), Oct 10, 2002
“We are in possession of what I think to be compelling evidence that Saddam Hussein has, and has had for a number of years, a developing capacity for the production and storage of weapons of mass destruction.” — Sen. Bob Graham (D, FL), Dec. 8, 2002
“Without question, we need to disarm Saddam Hussein. He is a brutal, murderous dictator, leading an oppressive regime … He presents a particularly grievous threat because he is so consistently prone to miscalculation … And now he is miscalculating America’s response to his continued deceit and his consistent grasp for weapons of mass destruction … So the threat of Saddam Hussein with weapons of mass destruction is real…” — Sen. John F. Kerry (D, MA), Jan. 23. 2003
Biden on Meet the Press in 2002, discussing Saddam Hussein: “He’s a long term threat and a short term threat to our national security… “We have no choice but to eliminate the threat. This is a guy who is an extreme danger to the world.”
Biden on Meet the Press in 2002: “Saddam must be dislodged from his weapons or dislodged from power.”
Biden in October of 2002: “We must be clear with the American people that we are committing to Iraq for the long haul; not just the day after, but the decade after.”
Biden on Meet the Press in 2007, on Hussein’s WMDs: “Well, the point is, it turned out they didn’t, but everyone in the world thought he had them. The weapons inspectors said he had them. He cataloged — they cataloged them. This was not some, some Cheney, you know, pipe dream. This was, in fact, cataloged.”

hiscross | Feb 25, 2009 9:22:37 PM: … The only demographic groups that McCain won were the old, white, rural, uneducated, low-income, Christian voters. I don’t know anyone under 50 who voted for Grampa Simpson over Obama.
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Well, you should expand your horizons, hiscross. I’m definitely under 50, am female, have masters degree, and while I’m median income, I’m an investor–and I voted for McCain. I also have no debt. See, I have the idea that I should act responsibly–i.e., live below my means–and take care of myself. I applaud people who are more financially successful than me, I don’t envy them. (Envy seems to be a built-in feature of the Democratic party.) I am working toward my own goals, which are characterized by independence, not begging for handouts at the government trough.

“Laissez-faire capitalism hasn’t been in vogue since the 19th century.”
What, are you stupid?
Are you?
Even Friedman’s revival of sorts of laissez-faire capitalism had its limits and saw the importance of government involvement.

Tax the rich? What rich? That 5% that were the rich being led to the Obama Slaughter are 50% poorer right now. Capital gains will be severely diminished for years to come, as every mutual fund is carrying billions of losses on their books. The incomes of the “Rich” are down substantially, their losses are up, and they have to re-fund their broken 401k’s and pensions (which are more legitimate business expenses, which won’t be income for his holiness to tax). Oh, and for those pining for the good ole’ days of 90% taxes (just so they can pull the evil rich down a little more) don’t forget that that your same democratic party was in charge of those ultra high taxes in the 1960′s, and they wrote in lots of loop-holes for their rich buddies in LA LA land, Agri-Business, and to build homes for the poor that will never be able to qualify for liar loans again…until the Obamabanks are forced to write those same bad loans that got us into this crisis.) Remember, the ultra-rich aren’t republicans. The multi-millionaires in Hollywood, Soros, the whole New York Wall Street crowd, San Fran Techies – they are all liberals, and they have already paid for the big tax breaks and loopholes to be written in by the democrats. Who, as recent history shows, don’t actually like (or pay) taxes when they apply to themselves.

Hey Slappy: The government taxes the people to build roads and bridges and to have police and fire departments and a military, and we get it. Now when you voluntarally invest in a company the board and the CEO can stash your money in their pockets and ruin the company and file bankruptcy and take a golden parachute.I consider investing a self imposed form of socialism in that it is people comming together with their money to make a profit and a product, now we know that the later is what it use to be, now it is just about profit. Under ther Bush adminastration none of the federal agencies did their jobs and that includes the SEC!
Posted by: Lyn | Feb 25, 2009 10:36:13 PM
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None of the federal agencies did their jobs? Puh-lease. Some certainly didn’t do their jobs but there’s no need to paint with a broad brush, which you seem to do with regularity. BTW, we now have a guy overseeing the IRS that made the choice not to pay tens of thousands of dollars in taxes he owed. Are you fine with that or is your anger only directed at those with an “R” next to their name?
I also didn’t see anyone defending the practices of some businesses that engaged in the type of behavior you’re talking about. Most Republicans are ticked off about it, too. The difference is that you and your ilk seem to act like the government — an inefficient, corrupt body if there ever was one — is above that type of behavior. Have you seen the various indiscretions of various elected officials and other government officials of both parties over the years? The Republicans had their run of scandals over the last few years, now the Democrats are having their scandals. But yet you want to turn over all of our tax money to them to make even more decisions for the rest of us. Some things we have to because there is no better way to fund them (e.g., public good like roads, bridges, etc.). But we have a choice with other things and would be making the situation worse by turning over control to the government (e.g., health care, banking, etc.).
See, I don’t feel like turning over complete control of these things to the government, like you and your Leftist ilk appear to want to do, when this country has been the world’s economic power by basing its capitalist economy primarily on the private sector. We need to make some changes so that we can minimize the possibility of experiencing the problems we’re going through now, but tossing out a long track record of economic success and turning our country into a European-style economy would be a disaster.
Instead of posing simplistic arguments that are all based on the assumption that the government can run all of these things better than the private sector, perhaps you should try to include some reality in your arguments.

Why should I pay taxes….I only make 75k. Everyone else in my bracket gets back more that they pay in! The new generation doesn’t look at the big picture that those tax dollars are what is keeping them safe from terrorists and a Koreon bomb killing their family.
How do we get this message out? I think they think of it as INCOME tax meaning income and not what it’s true purpose is.

Gee, another reserve fund. It’s almost like the mid 80′s when they doubled the SS taxes, promising us if we went along with the plan, the money would go into a reserve fund, not to be touched. And now a 634 billion reserve fund for Health Care – I’m sure the money won’t be touched.
Either that or I’m getting touched in my old age.

“According to Gallup/USA TODAY election now coverage:
Obama took 3.9% of the tax paying public.
What he DID take was: 100% of the uneducated poor.”
Obama won among those with the highest income and education level.
He also won those who were poor or little education handily though not nearly by the margins you ascribe
But the real issue is that Simon is reduced to just making things up.

We are borderline collapse….the businesses will give up when the bill for the spendulus package hits them….Hell, I am looking for retirement in another not so spoiled country.

Welfare people eat better food than I do….and drive a better car.
Maybe I should quit my job!

C’mon you people, Fxxxing Obama is just a garden variety Comunist. Just like Harry Reidovich and Nancy Pelofski. They are introducing garden variety Communism to the US and we are all expected to choke on it. Like it or not!
We have elected Wesley Mouch. Oh well, where is John Galt?? WE ARE NOW A CCOMMUNIST UPTOPIA….WHY NO ONE WILL SAY IT I DO NOT KNOW!

Ryan C- You are just too darned cute to hate.
“But the real issue is that Simon is reduced to just making things up.”
Giggles. It’s called an exaggeration, in response to the false claims of the poster.
Making things up is your world, homey. Just trying to make your crazy useful for my entertainment.:)
By the way, since you suddenly seem concerned about facts (I mean, like, very suddenly!:) I’ve got one for you:
If Social Security and Medicare/caid were abolished after 10 years (as republicans attempted) we would have saved (when adjusted for inflation) $231,000,000,000,000.00 dollars!
Enough to give each legal american $10,000,000.00 dollars on their 18th birthday since 1950.
I’m not sure, but I bet our economy would be much better off than, oh say, getting a check for $800 a month from 55, and then 62, and now 67 til’ death.
Huh? Ya think? Would that be better?
Oh that’s right. Then we’d all be republican.
“Any lie for the team” is your motto.:)

“Making things up is your world, homey. Just trying to make your crazy useful for my entertainment.:)”
Except I don’t make things up.
That would be your department.
And I see now you are changing the subject since you realized that the Supremes have rulled on the welfare clause more to my definition than yours.
I’ll take that as a concession and we can move on.

“Take a look for yourself at the Bureau of Labor Statistics Web site, as unemployment stopped rising in late 2003. Sorry to intrude on your arguments with facts. Here’s a link to the page as proof”
See that’s what happens when I don’t go back to the orig source info.
I was doing that one from memory.
But thanks for demonstrating that unemployment went up post Bush tax cuts.

“Yet, you’re the only one invoking it as legal grounds for universal health care and other government programs that are favorites of liberals like yourself.”
I’m sorry was there a Supreme Court decision that changed their definition of the general welfare clause or did decision after cases dealing with the SS Act of 1935 continue in that vein?
“Your definition of what constitutes “general welfare” is completely subjective and involves an expansion well beyond what the Founding Fathers ever envisioned.”
The Founding Fathers also thought only land owning white men should be allowed to vote.
Thankfully they were geniuses in creating a government structure that could remedy such oversights.

Skip – Keep thinking that those with incomes over $250K are evil and “rich”… whatever. As long as it makes you feel better. In the meantime, just keep this in mind. Accountants can do wonderful things to help those with incomes over $250K hold on to as much as they can. But sleep well thinking the “swines” are squealing.

“Nonetheless, indirectly quoting economists calling it a jobless recovery while ignoring the job growth during this time (go see the Bureau of Labor Statistics Web site for that, as well) is disingenuous, at best.”
Want to know why it was called a jobless recovery?
It has to do with how people are employed (ie going from ft to pt), how the BoL gathers statistics etc.
I am sure the Heritage boys can explain it to you.

Thank you Scott, you speak for many of us!

See that’s what happens when I don’t go back to the orig source info.
I was doing that one from memory.
But thanks for demonstrating that unemployment went up post Bush tax cuts.
Posted by: Ryan C | Feb 25, 2009 11:30:18 PM
***************************************
You didn’t go back to the original source information but yet were so sure of yourself. You know why? Because that’s what you WANTED to be true.
As for your idiotic comment that “thanks for demonstrating that unemployment went up post Bush tax cuts,” you do realize that this happened around five years later, right? You also realize that there are a myriad of factors that affect unemployment rates in the economy other than tax rates, right? Unemployment rates have gone up after tax cuts and tax increases throughout our history because it’s a cyclical economy impacted by many divergent variables. Either you don’t know that or you find that fact inconvenient to the propaganda you’re trying to pass off as “fact” in this thread.
Once again, knock it off. You look like a fool with these types of responses. You have reached conclusions on various issues and then spend your time attempting to make the facts fit your conclusions. Apparently you’re not a fan of the scientific method.

“There is no “budget surplus” of Social Security.”
Except there is.
John Fund – WSJ
“The surpluses will total some $2.5 billion until 2017, when Social Security starts running a deficit as baby boomers begin to retire”

Watch the market tomorrow….

Re: “”Take a look for yourself at the Bureau of Labor Statistics Web site, as unemployment stopped rising in late 2003. Sorry to intrude on your arguments with facts. Here’s a link to the page as proof”
See that’s what happens when I don’t go back to the orig source info.
I was doing that one from memory.
But thanks for demonstrating that unemployment went up post Bush tax cuts. ”
===================================
Ryan C, do you remember what happened on September 11, 2001? Do you remember the devastating effect it had on the economy for well over a year? The fact that unemployment rose was attributable to the post 9/11 recession. Why do Democrats have such selective memory?
I seem to recall it caused a recession that lasted at least 18 months.

And as Bill Clinton pragmatically said: “Democrats bear more of the blame.”
At least get the out of context quote from the McCain ad right: I think the responsibility that the Democrats have may rest more in resisting any efforts by Republicans in the Congress or by me when I was President to put some standards and tighten up a little on Fannie Mae and Freddie Mac.

While we’re on the subject of taxes, I would like to start tabulating the purchases of every who collects welfare. – Every welfare recipient should receive some type of debit card where all purchases would be accounted for on a public website so we can see where our tax dollars are being spent. It is only right that we should be able to check on the spending of our fellow citizens who are spending our money.
Watch and see how fast unemployment drops, jobs are created and Social Welfare programs die out.

Tell my husband who put himself through college and graduate school and who works 70+ hours a week her doesn’t deserve the health care HE PAYS FOR!!!!
I am sick of this mentality that you get something for nothing. You eat what you kill in this world buddy or we all go under!

“Or are you still clinging to this false belief that unemployment kept rising until 2005?”
I admitted flubbing the dates.
You just made up a quote by Clinton.

“And if you don’t think the rich are evil, then you must be that one person. Because in the last few months, if you have money(not necessarily rich), work on Wall Street, etc., you’ve been assumed to be somewhat devilish.”
Rich people are actually feeling guilt and shame?
Well stranger things have happened.

Scott, Where do we start? We’re in about the same boat. Two kids through college, one in college and the last in high school. My husband works about 12-14 hours a day. I work full time now as well. I know a lot won’t believe my husband’s work hours, but you sound like you’re there. It’s just what you have to do to perform and keep your job. I know he’s happy to do it for our family, but it kills me to watch the taxes go through the roof, while we have more and more leaches sit on the sidelines. I’m afraid we’ve got a situation where the non-taxpayer group is going to grow larger, and keep their hands out perpetually for handouts.

Ryan C – I feel no guilt or shame. We EARN our money. We can go to sleep at night knowing we put in a full day. Unlike the ever growing leaches who have stopped paying their credit card bills and mortgages because they’re going to be “saved”. So if you take solace in thinking we feel guilt, go ahead and pacify yourself with those thoughts, just know there is no honor in living with your hand outstretched to receive things you should have been working for.

Re: “”Ryan C, do you remember what happened on September 11, 2001?”
Yes, 19 mad men attacked us with planes killing 3000 innocent people.
People from my town were killed (grew up in NJ). My cousin escaped from Tower 2.
Meanwhile our President sat listening to a children’s story.
“The fact that unemployment rose was attributable to the post 9/11 recession.”
A 3rd Bush recession? I thought we were going to be kind and limit it to two?
“Why do Democrats have such selective memory?”
You mean like right wingers flipping out over debt today yet remaining silent for 8 years? ”
======================================
No, 19 Islamic Terrorists attacked us, killing 3,000. I’m not sure about your point regarding President Bush. President Bush was at a school reading to children when he was informed – so what would you have him do?
If Obama “inherited” a recession, then I think it’s fair to say that Bush did, too. Add 9/11 and it’s clear Bush had his hands full. Tax cuts never harm a recovery. But Congress can’t seem to ever live within its means. Just look at the pork bill just passed as “stimulus”.

And Ryan, here’s a classic example for you. Oprah is on here in the background and today is the show about the new homeless. Nothing to joke about in that, but one segment has a woman being asked what she misses about her former life, and she says, “My weekend trips to Las Vegas”. That about says it all. No money, no savings, no home, no car, no skills…but she misses her trips to Vegas. I’m surprised the big “O” didn’t have that edited out!

Not really.
I was having the same argument a day or two ago (its not like you’re the first right winger to burp that talking point?) and just flubbed my dates.
Posted by: Ryan C | Feb 25, 2009 11:43:06 PM
***************************************
Yeah, well, this supposed “right winger” has shown you to be someone who is trying so hard to “win” the argument that you’ll cut corners regarding the facts, if need be. You’re trying to paint me as some sort of partisan, but I’m just arguing based on the facts and critical thinking, not talking points I got from the Huffington Post or Townhall.com. I’m the one openly mentioning that the economy under Bush had its problems but it wasn’t as bad as you’re trying to claim. I’m far from a Bush fan anyway. But it makes your arguments easier if we’re all the same “right winger,” right?

The only thing any politician “inherits” is their genetic make up. He voluntarily ran for office, he and everyone else running knew this was a mess. Everyone had a hand in it. BO’s remark about “inheriting” the deficit was very indicative of his lack of backbone. The same with him representing, or in our case not representing us in our Senate district by voting “present” again and again. It was disappointing then, and it’s disappointing now. But this is the way it is in Chicago.

“But it makes your arguments easier if we’re all the same “right winger,” right?”
Actually most of my arguments are easy because right wingers are either stupid and parroting talking points or they lie.
That always makes it easier.

And wil;l be rapidly raised every year from then on. Don’t you know that Democrats usually spend a good 216% of what ever is gathered in taxes

You just made up a quote by Clinton.
Posted by: Ryan C | Feb 25, 2009 11:56:25 PM
***************************************
Who did? I didn’t even reference Clinton. Was that response to someone else?

Actually most of my arguments are easy because right wingers are either stupid and parroting talking points or they lie.
That always makes it easier.
Posted by: Ryan C | Feb 26, 2009 12:20:57 AM
***************************************
Let me introduce you to the word “projection.” You’re truly delusional, especially considering the high propaganda level of your comments and that I caught you in a lie earlier about the unemployment rate during Bush’s time in office. What was your response to that again? That it was an honest mistake? Sure it was.
Unbelievable that you truly can make such an ignorant overgeneralization like that. It pretty much undercuts your attempts at appearing intellectually superior to those who disagree with you here. One doesn’t need to resort to that type of sophomoric behavior if they are confident in their opinions.

“That the founding fathers were simultaneously geniuses at the creation of a governmental system yet had henious social views in regards to women, minorities and slavery?”
- Ryan C
First of all the word is heinous. Secondly, your view of history seems to be that of a modern day history teacher in Iran.
Jefferson and Washington, both Slave owners, wrote at length about their distaste for slavery. Lincoln (a Republican) freed the Slaves through the war of Northern Aggression. Your comments about Jim Crow and “right wingers” further indicate your colossal ignorance. Jim Crow laws were born of Southern DEMOCRATS. The voting rights act was passed due to Republican will to pass -it in spite of votes against it by folks like Senator Byrd D. W VA.
Slavery was a sin of our forefathers but its practice has been around for centuries. Today it may be said that the Government means to enslave us by telling us what to say, what to buy, how to live and taking 1/2 of our money… it’s no different than how Jews and Africans were treated by the Egyptians and Romans. Slavery is evil – The founders knew it to be true… The war has been fought; God’s will was done.

Re: “Scott, Where do we start? We’re in about the same boat. Two kids through college, one in college and the last in high school. My husband works about 12-14 hours a day. I work full time now as well. I know a lot won’t believe my husband’s work hours, but you sound like you’re there. It’s just what you have to do to perform and keep your job. I know he’s happy to do it for our family, but it kills me to watch the taxes go through the roof, while we have more and more leaches sit on the sidelines. I’m afraid we’ve got a situation where the non-taxpayer group is going to grow larger, and keep their hands out perpetually for handouts.”
—————————————
Keep the faith. 1 in high school, 2 in college (girls – so future weddings to plan for), so I feel your pain!
I’m happy to say I’ve been successful in spite of government, with just a dream or two and a willingness to work for it. Still, I’d have to think twice before recommending my kids take the same path I did. There seems to be little appreciation anymore for the risk-takers and the job-creators. Were those countless long days and weekends worth it? I’d be a liar if I didn’t admit my family sacrificed as much as I did. All to be labeled a “squealer” and forced to pull the cart for more and more under-achievers? I resent being punished for being “rich”, when I don’t feel rich at all. Sometimes I feel like I don’t have enough pockets for all the hands reaching in. The liberals say it’s fair, but to me it’s a spirit-breaker. Our economy thrives on entrepeneurial spirit – so killing it is counter-productive.
In the end, I believe Obama’s socialism will fail – it has never worked anywhere. The question is, will he bring down the economy first? When his stimulus dollars saturate the economy and unemployment rises, the dollar falls and inflation starts, I predict the wolves will turn on him. I hope that’s around 2010, in time for the mid-term elections.
Good luck to you and your family.
Regards

Unfortunately just laid off 2 office workers. Cannot afford them anymore and if Obama’s plan goes through I plan on laying off 3 more. This in an office of 10 people. Sad.

“That’s because right winger does not equal Republican.”
-Ryan C
Newsflash – Robert Byrd Democrat W.VA and Ted Kennedy Democrat MA are “right wingers” who were Republicans before being Dixiecrats, before being Democrats, who voted against the Civil Rights Act… man now wonder why the Liberals of today are so hard to follow.

Let me ask again, why don’t you describe precisely what a “jobless recovery” is, provide evidence (supporting and/or refuting) this definition, and put it out there for us to discuss and attempt to falsify your claim?
Posted by: Slappy
================================================
Uhm, let me refresh your memory. You were discussing unemployment rate as the sole barometer to assess the “bushboom”. Solely using unemployment rates is cherry picking data, you need more measures to assess what happened and get a fuller picture.
That’s why I introduced a second barometer – the employment rate – because that barometer is a better measure to assess the claim from the economists that the “Bushboom” was a “jobless recovery”. Those nrs speak for themselves: 2004-mid 2007 are generally considered to be the duration of that boom, yet the employment rate stayed virtually the same for most of those years. That means, not enough jobs were created to increase that rate, it just grew enough to stay level with population growth.
I didn’t use that specific pdf BTW but I got my data from the BLS site so the source is the same. Look under databases > employment because there you will find the monthly rates (= better to detect trendlines).
There are a lot of other barometers out there that you need to consult to get a full picture. Virtually all of them show a very bleak picture over the last decade, and trendlines are truely alarming.

Phil McKraken: Google “Was the New Deal Contractionary?” by Gauti B. Eggertsson.
He completely demolishes that study by Cole and Ohanian. He showed that their key assumption was that the causes of the 1929-crash were not in place anymore in 1933. Plus he showed that they completely ignored one key element of the Great Depression: the deflationary spiral. They simply assumed that that spiral had stopped spiralling in 1933. Eggertson showed that that spiral was still in effect.

CincyCapell….because we disagree with their politics, we should want them to leave the country? Speak for yourself — thats a very fascist and totalitarian sentiment for a titular progressive. If we learned anything from Bush terms I & II and their subsequent leadup to this election its that dissent foments change, and that is (still) what makes this country great. If you want to exist in a vacuum of uniform socialism, may I suggest that YOU leave the country — perhaps Venezuela would suit you better?

Don’t worry Cincy-baby, we on the right side aren’t going anywhere, which is good for you. We in our right-side up mortgages (LTV<80%), living without credit card balances, and supportive of our country regardless of who is president will continue to work, pay increasing taxes and save for our retirement as Social Security will means-test a lot of us out once the budget fully absorbs the new welfare state. We love this country too much to leave, which is our weakness.
Unfortunately, as we pay more taxes, we will buy less merchandise like TVs, cars, and take fewer, less expensive vacations while the economy flounders and your 401K and IRA (I hope you are saving for the future because we all are going to NEED IT) flat line over the next decade. You may want to save extra for retirement since the stimulus package includes provisions to dramatically reduce the quality of healthcare for the elderly. It isn't proposing sending out the elderly on icebergs, but it isn't living by the spirit of the Hippocratic Oath either.
Good luck with all that, my friend.

Here’s a few facts…….
Based on 138,000,000 taxpayers in 2007
Top 1% (1,380,000)………..pay 40% of all federal income taxes ($388,806.00 puts you in this category)
Top 5% (6,900,000)………..pay 60% of all federal income taxes ($153,542.00 puts you in this category)
Top 10% (13,800,000)……..pay 71% of all federal income taxes ($108,904.00 puts you in this category)
Total US population as of July 2008 was 303,824,640
If you use the total population as your baseline, then less than 1/2 of 1% of the population pays 40% of all federal income taxes.

Ryan has all the time in the world to complain and to demand and none to produce.

This is why 2 things need to happen in our federal government:
1) convene a constitutional convention to create an amemndment that provides term limits for congressional members and allow the state governments to determine how to elect those members (when more than 50% of the voting populace do not pay any federal taxes, the election turns into class warfare when only the productive citizens are punished for truly achieving the American dream);
2) Force the federal government to eliminate all taxes (income, social security, medicare, gasoline, and other corporate taxes) and implement a national sales tax (AKA the Fair Tax Plan)(This has to be such an overwhelming grassroots effort).
The 2010 election is too far away to wait because socialism has taken refuge in the White House & Congress. If the citizens (remember that only 50% of the popular vote elected President Obama) begin to revolt through their state and federal elected officials, then the elected officials will have to sit up and take notice.
God bless us as we trudge through this tough time in our American history!

One of the most difficlt challenges this administration is facing with the real estate bailout is figuring out who is actually in hardship and wants to pay their mortgage vs who is saying the govt will pay my mortgage so why should I pay it. Fast forward to 2011, the government will see a whole slew of individuals who decide just not to work because the government will pay them.

My advice for all small to medium business owners who know their employees and can identify their vehicles in the parking lot is simple. The owner of every vehicle that sports an Obama/Biden sticker should be “laid off” due to economic conditions. Same for any employee who has worn an Obama/Biden campaign button or who campaigned for Obama. This will permit the business to pay the higher taxes that Obama will be imposing on productive Americans and businesses.
Obama lemmings who thought they were getting change will understand what that change is all about. It’s not good.

You say you want a revolution?…..

what did you expect?

Feb. 26 (Bloomberg) — Benjamin Netanyahu plans to apply the same small-government policies when he becomes Israel’s prime minister as he did six years ago as finance minister. Then, his tax and spending cuts helped lift the economy out of recession.
It’s time to spit in the eye of socialism!

So much for working hard, saving for the future, and taking responsibility for one’s life. The government’s appetite for revenue i.e. the people’s money is astounding. Why work hard when the government is just going to take it all away in the end anyway.

There is absolutely nothing good about Obama’s scheme. The provided healthcare will be so subprime, no one will like it.
I love the idea of laying off the Obama supporters first. They love the guy and his ideas. They should not be upset in the least by being laid off. Isn’t that what they wanted in the first place? One of my employees said “ha ha ha” after the election when Obama won. I told her, you will not be laughing so hard in about 6 months when he taxes me and I cannot afford your salary any more!

Obama said that he is going to cut taxes for 97% of Americans. Could someone do the math for me and explain this?

You elect a socialist and then you are surprised that he is governing like a socialist? Welcome back Carter! I kept telling people that they were voting for Jimmy Carter II, they just looked at me with those deer in the headlight stare. The only difference this time is that our country will probably not survive this stupidity.

Gee, I didn’t see this coming!

Yes, I’d be happy to do the math for you, amazes: The bottom 50% of taxpayers (those who make $30k or lower) pay only 3% of all federal income tax by the people. The top 5% of taxpayers (those earning more than $200k – or that group in Obama’s cross hairs) pay 65% of all federal income tax by US citizens. It doesn’t take a math whiz to figure out that that cut for 97% will be an impossibility. And he thinks he’ll be able to cut his outlandish deficit by half in four years? What’s next for Obama? Walking on water?

@ralphie
how could you be so stupid, Obama said for FAMILIES earning more than 250K, that means for singles earning more than 150K.

My husband and I own our own business. When we graduated from college 20 years ago we had nothing. We have built a successful business and now teeter on the edge of $250K. I don’t feel rich. We have bills too.
How does the saying go – “no taxation without representation”. But that is is exactly what has happened. People who make good money (and have worked hard for it) no longer have representation. The majority of Americans who are not paying taxes now outnumber us, therefore we have no voice anymore.
It’s only gonna get worse. I’m afraid we might have to move. :(

The kicker is, we won’t be allowed to opt out of ObamaCare. It wouldn’t be “viable” if we were. You think you hate your HMO now, wait until you have to stand in line at the DMV to get your prostate exam.
He’s coming after our 401Ks next, folks.

Why is everyone griping abot Obama? He is only doing what he promised during the campaign, and the majority voted for him. Everyone, including our children and grandchildren, will be enslaved by this Federal Government unles we act quickly – people need to wake up. The next chance will be the mid-term elections – vote the bums out who go along with this. Problem is, he will wreak havoc until then

I guess since my wife and I make over 250k, I’m done giving to charity and buying that high-effiency HVAC and Toyota Prius.. since I can no longer deduct those items.. Good thing, I had my eye on a nice big Hummer..

We are doomed.

One of the things that really ticks me off about the income tax is that it does not take into account the cost of living of your locale. My wife and I make about $150K…but we live in Washington DC. Now, we are certainly not struggling, but nor are we “rich.” We rent a small, 1-bedroom apartment. We pack our lunches for work. In other words, we have to very carefully manage our money. Even if we made $250K, we would not be “rich” — not in the same way that someone making $250K in rural Alabama would be rich.

The tax cuts are called WELFARE checks. Where do I send my bills to?

Although Obama will likely be a one-term President, Obama can be put on hold for his last two years in office by getting a “simple majority control” in the House via the 2010 mid-term elections. The 2010 mid-term elections are key! A new President in 2012 will have the authority to “reverse” most of Obama’s out-year spending madness before it is too late! Obama’s CHANGE is exactly what I expected and why I didn’t vote for him. America can thank the three Rep Senators who allowed this to happen!

Brace for it, because we are about to enter “The Obama Depression”.

Not sure why everybody thinks O will be a one term wonder. I think he’s pretty much a shoo-in for a second term. Reason is that all those in the lower socio-economic tier who are getting all the govt. handout dinero will make sure he will again get their vote.
In years past, that particular segment of the voting populace couldn’t be counted on to show up at the polls but, when so much $$$$$$ is being given to them carte blanche, you know they will be sure make it to the polls next time around…probably several times…
These people could care less about our nation’s future economic security. All they care about is today.

Blogs are fun because every one can rant and rave and have a say. The problem with this is that these are ‘words, just words.’ Nothing is being done to rid the country of this criminal enterprise that is housed in Washington. I am not rich, but I know that raising the taxes on those who make more money than I do is not right. I consider it to be theft. I also know that it is not right to take money which is unearned; this is participation in both theft and corruption. Citizens who oppose this administration and that for which it stands must unite and fight back but this requires leadership. Where are the leaders? When a society degenerates to the point that ‘leaders’ are chosen on the basis of whether or not they speak well, like sex, look good, are beloved by Hollywood, or fit into a minority category, there is a problem. We have that problem now and face losing our nation. I will gladly join a viable opposition movement should one form, but for now we need to stop talking and start searching for responsible leadership. Who is out there?

So the Dems want to wait until after 2010 elections… This is pure evil!

“I wonder if an employer can be sued for firing(or laying off) an employee who directly contributed to the decline of the company by voting for Obama (for that reason).”
Posted by: Nick | Feb 26, 2009 10:14:26 AM
—————————————-
Nick:
Unless an employee has an employment contract with the employer, he or she works “at the pleasure of the company”. In other words, he or she can be fired at will. I believe this strategy should be used against all employees of small-to-mid-size companies who can be identified as Obama voters. Of course, the employer would not say that is the reason, he or she would point to the “catastrophe” in the economy, quoting Obama, for the rationale.
Obama voters sowed the wind, now they should reap the whirlwind.

“Newsflash – Robert Byrd Democrat W.VA and Ted Kennedy Democrat MA are “right wingers” who were Republicans before being Dixiecrats, before being Democrats, who voted against the Civil Rights Act”
Ted Kennedy was never a Republican or a Dixiecrat and he did not vote against the Civil Rights act.
Byrd was never a Republican though he was against the Civil Rights Act.

Annie,
I know exactly what you mean. There is no one so far. Maybe the Republicans will unify, but I am not holding my breath. No truly when we need someone to rise up.

What a good idea tommy – maybe our employers will consider that as well…
Do we sound more like France every day???