$250k, Why Worry About Those Tax Increases?

[April15]

Futures markets don't control spot prices. Legacy problems? How long do we get to blame legacy problems on the Democrats who took control in January of '07. I'd think they'd have a handle on it by now considering all the budgets they've passed... oh wait.

The futures market is extremely relevant to local prices. And the rethuglians have been very successful in keeping any real budget from passing.

[April15]

The Bush cuts gave almost all workers more cash; you doubt this? Besides, tax rates are not indicative of tax revenues as your tax planning statement posit is in agreement.

I know for a fact the 2002 tax reductions did nothing for workers in America. All it did was pay for the fuel increase.

Glass-Steagall? Not the problem and you might want to double check who signed the DIDMCA (hint: not Reagan) and who chearleaded G-S deregulation (hint: not Bush).The Ray Goon started the repeal and Clinton finished it.



We make plenty of products here, just not of the labor intensive sort. Besides, "what is the point of production if not consumption." Labor is where wages are earned. Washing dishes does equate to a living wage.



Growing nicely? Every indicator from this government-led recession has grown less vigorously than all other recent recessions that have been tax cut led or even with government neutral policies. But I can see how where you live is the perfect barometer for the rest of the country. I mean CA is in a wonderful position right?
I am sorry you live in some third world country but here in California the economy is going nicely.



You honestly believe that? Recessions usually recover similar to how they were started, shallow recession - shallow growth; deep recession - vigorous growth. Tell all the unemployed/underemployed that slow and steady is good for them.

Where did you get that phony concept? Those who are unemployed know that a slow and steady growth will catch them.

[April15]

I have presented Obama as an empty suit but you seem to paint him as a helpless empty suit.

I do not present obama in any light. If you wish to be a piss and moan person go for it. I like to think positive as that is what makes a winner.

[Robert A Whit]

I'm not worried about China as the Japanese have about as much debt and I'm not worried about a depression at this point either. What I see coming, without some tax cuts and some deregulation to get us more competitive globally, is the slow drip of '70s stagnation. I just don't see the 30's because there isn't any real protectionist fervor and the Fed is far more advanced than they were back then. The debt, and more the unfunded liabilities, is the wild card; it's unprecedented for us and I don't see us following the path of Greece, our fundamentals are quite different.

I am in the middle of housing from sales to loans. I had no clue the crash was happening until the week the subprimes suddenly shut down. It was spooky the way they were fine on Monday and closed down by Wednesday to Friday.

I heard today that Xmas sales are expected to be very good. We will see. We know that the tics won't fix this by the first of the year. Tics suck our blood and treasure.

The wrong crowd is in charge.

I feel like voters selected the captain of the Titanic knowing he steers into icebergs.

[Robert A Whit]

I do not present obama in any light. If you wish to be a piss and moan person go for it. I like to think positive as that is what makes a winner.

Yup

Just how I felt the day prior to the collapse of the economy. See how it worked for me?

You praising the hell out of Obama won't help a bit.

[Robert A Whit]

The futures market is extremely relevant to local prices. And the rethuglians have been very successful in keeping any real budget from passing.

And in the past era of Obama, how many Democrap senators voted for the Obama budgets?

I think zero is the correct answer.

[Kathianne]

And in the past era of Obama, how many Democrap senators voted for the Obama budgets?

I think zero is the correct answer.

think or know? Specificity counts.

[aboutime]

think or know? Specificity counts.

Kathianne. ZERO is the correct answer. Since obama has been in office. There has never been a FEDERAL BUDGET approved by the Senate. Even during their two first years when they held the Majority in both Houses of Congress.

Obama has never signed a Budget. And, according to the Constitution. It is his duty to do so.

[Robert A Whit]

Yes we will. I hope the situation gets better for the entire nation and not just the area in which I live.

Are you kidding? We both live in the same area and you know very well that this area has not shown signs of recovery except in some very small spots where the rich live.

Obama has lavished the rich with money. Then he speaks ill of them. Go figure.

[Kathianne]

Kathianne. ZERO is the correct answer. Since obama has been in office. There has never been a FEDERAL BUDGET approved by the Senate. Even during their two first years when they held the Majority in both Houses of Congress.

Obama has never signed a Budget. And, according to the Constitution. It is his duty to do so.

Really? Golly Gee! Who would have thought? A Captain Obvious point.

Robert, I mean Bob ( the friendly one), have anything else to add?

[Robert A Whit]

Have the Bush cuts given you more cash? Most likely not. To return to the pre Bush rates is not bad.
Proper planning only works for some people not all.
And the repeal of Glass-Steagall is what precipitated this latest recession/depression. And a big thanks to The Ray Goon for starting the repeal.

These Democrats that put the blame on Glass Steagal may not realize it but they are blaming Clinton. Clinton to this day defends his cancelling Glass Steagal. Besides, that is not the root cause of the problem.

[tailfins]

The futures market is extremely relevant to local prices. And the rethuglians have been very successful in keeping any real budget from passing.

RETHUGLICANS?? I was paying attention until you tipped your hand as a visitor from Democrat Subterranean (I'm using a synonym on purpose). Some of us here are not blind ideologues and form opinions from observation. The elections are over for two years and most of us are little more than spectators. If typical post-recession growth doesn't come back by 2014, are you going to keep making excuses for the failure of an expansionist government?

Have the Bush cuts given you more cash? Most likely not. To return to the pre Bush rates is not bad.
Proper planning only works for some people not all.
And the repeal of Glass-Steagall is what precipitated this latest recession/depression. And a big thanks to The Ray Goon for starting the repeal.

I absolute have more cash from Bush tax cuts: The 10% bracket, the expanded child credits and the elimination of the marriage penalty have all lowered my tax bill.

[aboutime]

Really? Golly Gee! Who would have thought? A Captain Obvious point.

Robert, I mean Bob ( the friendly one), have anything else to add?

Pardon me Kathianne. Didn't realize I might be treading on Gabby grounds.

[fj1200]

The Ray Goon had very little choice on CARB.
As for Bonsai no one had to "try" to make him a one term putz. His presidency is right next to The Ray Goons as worst for America.

The futures market is extremely relevant to local prices. And the rethuglians have been very successful in keeping any real budget from passing.

The ridiculousness is strong with this one.

Where did you get that phony concept? Those who are unemployed know that a slow and steady growth will catch them.

You're going to have to be more specific than that because your talking points are getting a bit muddled. "Slow and steady" will not catch up to the unemployed because population growth is outstripping job growth. Besides, I think they'd take a vigorous private sector led recovery over the anemic government led one we have now. Your assertion to the contrary is silly.

I am in the middle of housing from sales to loans. I had no clue the crash was happening until the week the subprimes suddenly shut down. It was spooky the way they were fine on Monday and closed down by Wednesday to Friday.

That's because the problems were in the markets and not with F&F.

[Robert A Whit]

Where I live the economy is growing nicely. Construction is up, housing is up and outside of the midwest drought making food go up early next year i can see no reason to expect any slowdown regardless of tax increases.

Maybe in Burlingame it is better, but not all over this area. I know. I live in the Bay Area. Food prices here go up as if trying to grow faster than gasoline prices.

I have a suspicion given you live in the vipers nest of Democraps that you voted for Obama.

I will never understand how this once great state went to Democrats control.

Sacramento keeps raising taxes. The living standards are still not good.

Bear in mind, Obama took care of his pals.

The rich I mean.