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-- any guesses on Obama or McCain's Veep selection?
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| Originally posted by MisterOpus1 Biden confirmed. Disclaimer: I like Biden, but I fully accept the fact that he wasn't my choice of President or even VP for that matter. He has a number of terrific qualities as well as some apparent drawbacks, which I'll save for another day either here or in another thread. In any case, the Democrats could have chosen a dirty sock for POTUS with a headless carp as VP and it would have been a significant improvement to the past 8 years, and sadly could very well edge out a Bush third term as well. |
That pick dosent surprise me. I would love to see VP Romney deflate Bidens ego.
Romney is a complete shit head.
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| Originally posted by LatinLover That pick dosent surprise me. I would love to see VP Romney deflate Bidens ego. |
Mitt Romney has no redeeming qualities beyond his experience working for a company that profited from the demise of other companies. He's about as lying, paper thin, asshole scumbag as it gets.
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| Originally posted by Clovis Mitt Romney has no redeeming qualities beyond his experience working for a company that profited from the demise of other companies. He's about as lying, paper thin, asshole scumbag as it gets. |
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| Originally posted by pkcRAISTLIN i fail to see why biden's criticisms of obama are particularly important or noteworthy. i like the idea of a VP that would hold his president to account. american politics is so petty. |
Romney is a yes man chameleon. He says he is/has done/likes/is for/opposes/agrees with absolutely whatever depending on the situation just to make himself look good.
Hmmm, McCain + Romney = how many houses? 11?
That's just fucking mint. An outstanding ticket that every Democrat will welcome with open arms. Please take Romney and tell us all about how you two can relate to the vast majority of middle-class Americans trying to get by right now........
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| Originally posted by MisterOpus1 Hmmm, McCain + Romney = how many houses? 11? That's just fucking mint. An outstanding ticket that every Democrat will welcome with open arms. Please take Romney and tell us all about how you two can relate to the vast majority of middle-class Americans trying to get by right now........ |
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| Originally posted by The17sss Romney will eat Biden's lunch |
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| Originally posted by MisterOpus1 Hmmm, McCain + Romney = how many houses? 13? |
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| Originally posted by MisterOpus1 Hmmm, McCain + Romney = how many houses? 11? That's just fucking mint. An outstanding ticket that every Democrat will welcome with open arms. Please take Romney and tell us all about how you two can relate to the vast majority of middle-class Americans trying to get by right now........ |
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| Originally posted by The17sss If you're going by that standard, then you must REALLY love Biden, considering he's 99th out of 100 in the senate for wealth, at a whopping $150K net worth. But that doesn't matter right? Then why should the number of houses someone owns matter? |
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| And McCain's wife owns them through her personal trust she had before even meeting McCain. |
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| McCain will be taking on the duty of relating to the commmon man, something the haughty Obama cannot. |
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| It's Romney's business and economic strengths that he'll be focusing on. |
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| The man got elected governor of Massachusetts as a Republican for god's sake... doesn't that worry you at all? |
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| Edit: Is this how the middle class will feel "related to" by Obama when they get reminded of this quote of his in the NYT Magazine article from yesterday? -----> "If you talk to Warren [Buffett], he'll tell you his preference is not to meddle in the economy at all -- let the market work, however way it's going to work, and then just tax the heck out of people at the end and just redistribute it. That way you're not impeding efficiency, and you're achieving equity on the back end." Sounds like an awesome idea... tax the heck out of people on the back end and redistribute it. Robinhood for president! |
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| So over the same period that the rich have been getting much richer before taxes, their tax rates have also been falling far faster than the rates of any other income group. Dating back to Reagan, Republicans have packaged tax cuts on high earners with more modest middle-class tax cuts and then maneuvered the Democrats into an unwinnable choice: are you for tax cuts or against them? Obama, however, argues that this is the moment when the politics of taxes can be changed. To do this, he is proposing tax cuts for most families that are significantly larger than those McCain is offering, along with major tax increases for families making more than $250,000 a year. �That�s essentially a major part of our economic plan,� Obama said. �But it�s also a political message.� Economically, he is trying to use the tax code to spread the bounty from the market-based American economy to a far wider group of families. Politically, he is trying to drive a wedge through the great Reagan tax gambit. The Tax Policy Center, a research group run by the Brookings Institution and the Urban Institute, has done the most detailed analysis of the Obama and McCain tax plans, and it has published a series of fascinating tables. For the bottom 80 percent of the population � those households making $118,000 or less � McCain�s various tax cuts would mean a net savings of about $200 a year on average. Obama�s proposals would bring $900 a year in savings. So for most people, Obama is the tax cutter in this campaign. If there is a theme to the Obama tax philosophy, it�s that the tax code is not quite as progressive as you think it is. Most of the public discussion about taxes tends to focus on the income tax, which taxes the affluent at a considerably higher rate than anyone else. But the income tax doesn�t take the biggest bite out of most families� annual tax bill. The payroll tax does. And even as the federal government has been reducing income taxes over the last few decades, it has allowed the payroll tax, which finances Social Security and Medicare, to creep up. That�s a big reason that overall tax rates for the bottom 80 percent of earners have not fallen as much as rates for the affluent. Obama�s second-most-expensive proposal, after his health-care plan, is the equivalent of a $500 cut in the payroll tax for most workers. (It is actually a credit that is applied toward income taxes based on payroll taxes paid.) In a speech this month in Florida, he proposed that the cut take effect immediately, in the form of a rebate, to stimulate the economy. For most workers, it would be the first significant cut in the payroll tax in decades, if not ever. The other way that he would cut taxes involves a series of technicalities. But since the campaign began, Goolsbee has been arguing that those technicalities offer one of the best glimpses of how Obama thinks about the tax code. Right now, several big tax breaks that sound broad-based � like those for child care and mortgage interest � don�t always benefit middle-income and lower-income families. Another example is the Hope Credit for college tuition, a creation of the Clinton administration. Obama wants to more than double the credit, to $4,000. More to the point, he would make it �fully refundable.� As a result, a family with an income-tax bill of $3,000 wouldn�t merely have that bill eliminated; it would also receive a $1,000 check. Increasingly, the income-tax system becomes a way to transfer money to poor families. All told, Obama would not only cut taxes for most people more than McCain would. He would cut them more than Bill Clinton did and more than Hillary Clinton proposed doing. These tax cuts are really the essence of his market-oriented redistributionist philosophy (though he made it clear that he doesn�t like the word �redistributionist�). They are an attempt to address the middle-class squeeze by giving people a chunk of money to spend as they see fit. He would then pay for the cuts, at least in part, by raising taxes on the affluent to a point where they would eventually be slightly higher than they were under Clinton. For these upper-income families, the Tax Policy Center�s comparisons with McCain are even starker. McCain, by continuing the basic thrust of Bush�s tax policies and adding a few new wrinkles, would cut taxes for the top 0.1 percent of earners � those making an average of $9.1 million � by another $190,000 a year, on top of the Bush reductions. Obama would raise taxes on this top 0.1 percent by an average of $800,000 a year. It�s hard not to look at that figure and be a little stunned. It would represent a huge tax increase on the wealthy families. But it�s also worth putting the number in some context. The bulk of Obama�s tax increases on the wealthy � about $500,000 of that $800,000 � would simply take away Bush�s tax cuts. The remaining $300,000 wouldn�t nearly reverse their pretax income gains in recent years. Since the mid-1990s, their inflation-adjusted pretax income has roughly doubled. To put it another way, the wealthy have done so well over the past few decades, with their incomes soaring and tax rates plummeting, that Obama�s plan would not come close to erasing their gains. The same would be true of households making a few hundred thousand dollars a year (who have gotten smaller raises than the very rich but would also face smaller tax increases). As ambitious as Obama�s proposals might be, they would still leave the gap between the rich and everyone else far wider than it was 15 or 30 years ago. It just wouldn�t be quite as wide as it is now. VI. Is He a European-Model Neoliberal? Even some Republicans have started to wonder whether the Reagan strategy on taxes has run its course. Earlier this year, two young conservative writers, Ross Douthat and Reihan Salam, came out with a book called �Grand New Party.� Their basic thesis is that the Republican Party, for all its successes over the past generation, has failed to cement its majority because of economics. If the party�s agenda continues to revolve around tax cuts that mostly benefit the well off, the book argues, Republicans risk allowing a generation-long Democratic majority, like the kind that ruled the country from F.D.R. to L.B.J. To avoid this outcome, the authors offer an agenda of what they call Sam�s Club Republicanism, focused on the working class. For now, the people running the party, be they in the Bush administration or the McCain campaign, evidently do not share this concern. They have responded to Obama�s tax proposals with the same kind of attacks that the party has been using since the 1980s. First, they have argued that Obama�s tax increases would end up hitting every income group. Strictly speaking, this is true. Obama�s increase on the corporate income tax would ultimately fall on all stockholders, even poor ones. In practical terms, though, most families own little enough stock that the other features of the tax plan would matter far, far more. That�s why the Tax Policy Center numbers, which include the corporate tax increase, come out as they do. The second criticism is that Obama�s tax increases would send an already-weak economy into a tailspin. The problem with this argument is that it�s been made before, fairly recently, and it proved to be spectacularly wrong. When Bill Clinton raised taxes on upper-income families in 1993, his supply-side critics insisted that he would ruin the economy. As we now know, Clinton presided over the longest economic expansion on record, the fastest income growth most workers had experienced in a generation and the disappearance of the federal-budget deficit. His successor, Bush, then did exactly what the supply-siders wanted, cutting upper-income tax rates, and the results were much worse. Economic growth wasn�t quite as strong or nearly as widespread, and the deficit returned. At the very least, Clinton�s increases did no discernible economic damage. Rubin, citing academic work on tax rates, made the case to me that rates under an Obama administration would not be nearly high enough to stifle innovation. |
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| He said it made him think of Warren Buffett, an Obama supporter, who, if anything, might argue that he wasn�t going far enough to change the tax code. �If you talk to Warren, he�ll tell you his preference is not to meddle in the economy at all � let the market work, however way it�s going to work, and then just tax the heck out of people at the end and just redistribute it,� Obama said. �That way you�re not impeding efficiency, and you�re achieving equity on the back end.� He continued by saying that he thought there was some merit in Buffett�s argument. But, he said: �I do think that what the argument may miss is the sense of control that we want individuals to have in determining their own career paths, making their own life choices and so forth. And I also think you want to instill that sense of self-reliance and that what you do will help determine outcomes.� |
MisterOpus,
Your pathetic.... now owning many residences is a bad thing
WOW! How low can the far left get? I mean whats the plan here... to make middle class america resentful of the wealthy? Is this how we are going to solve all of our problems? By making the middle class resentful, is this the type of divise politics we want?
More and more I'm convinced that Latin is just a troll. Nobody can be so much of a simpleton.
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| Originally posted by Lebezniatnikov More and more I'm convinced that Latin is just a troll. Nobody can be so much of a simpleton. |
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| Originally posted by Lebezniatnikov More and more I'm convinced that Latin is just a troll. Nobody can be so much of a simpleton. |
and yet you guys bitch when you lose elections
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| Originally posted by LatinLover You are another one that is politically confused. What a cute argument... Obama vs Mccain net worth and yet you guys bitch when you lose elections |
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| Originally posted by LatinLover MisterOpus, Your pathetic.... now owning many residences is a bad thing WOW! How low can the far left get? I mean whats the plan here... to make middle class america resentful of the wealthy? Is this how we are going to solve all of our problems? By making the middle class resentful, is this the type of divise politics we want? |
John Edwards is an asshole for cheating on his cancer-stricken wife... but John McCain is a hero for cheating on his ailing wife... because he was a POW, after all.
Isn't John Edwards the one that had a plan that would make each American save $200 a year? Geez.. I mean thats sure is enough for a hair cut 
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| Originally posted by Lebezniatnikov More and more I'm convinced that Latin is just a troll. Nobody can be so much of a simpleton. |
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| Originally posted by LatinLover MisterOpus, Your pathetic.... |
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now owning many residences is a bad thing ![]() |
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| WOW! How low can the far left get? |
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| I mean whats the plan here... to make middle class america resentful of the wealthy? |
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| Is this how we are going to solve all of our problems? |
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| By making the middle class resentful, is this the type of divise politics we want? |
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| Originally posted by MisterOpus1 Owning many houses in of itself is not bad at all. Rather, I said and directly implied that two individuals running for POTUS and VPOTUS can hardly relate well to the majority of middle-class Americans as a consequence to their status, let alone the POTUS candidate defining "rich" as starting at $5 million. |
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