Joe the Plumber
By MICHALE HALEY
June 29th, 2009
June 15th, 2009
June 5th, 2009
May 26th, 2009
The real reason this story has resonance is due to the fact that Obama used the phrase "spread the wealth around.” In doing so, he portrayed a view of economics that conservatives are roundly against, wealth redistribution to make things "fairer.”
In fairness to Obama, he did not say that directly after Joe the Plumber asked him the question, he said it much later and it was in reference to business in general. However, the idea remains the same. Obama previously has put forward the idea that due to middle class wage stagnation or even shrinkage compared to those higher up the wage scale, he wants to raise taxes on the wealthy and give it to the middle class.
This is nothing new from Obama but it really hasn't gotten a whole lot of attention. What gave it so much attention is that the phrase "spread the wealth around,” especially to your "Joe six-pack," kind of average American, really brought the point home as to what the intention of Obama's plan is.
There are other reasons that Obama has given for this particular tax plan. One is to stimulate the economy, and from an economic stand point Obama is correct, tax money to those in the middle gets more bang for your buck than those at the top who would not immediately go out and spend all of it. Some kinds of tax cuts stimulate the economy more than others, and this one is more stimulative than cutting wealthier people's income taxes, all else being equal.
What 84 percent of Americans would object to in this, at least according to one survey, is to take money from wealthy people and give it to those lower down the scale for fairness, this from a Gallup poll last June:
"When given a choice about how government should address the numerous economic difficulties facing today's consumer, Americans overwhelmingly — by an 84 to 13 percent margin — prefer that the government focus on improving overall economic conditions and the jobs situation in the United States as opposed to taking steps to distribute wealth more evenly among Americans."
(Hat tip to James Pothokoukis, see the full item here)
http://www.usnews.com/blogs/capital-commerce/2008/10/16/did-barack-spread-the-wealth-obama-just-blow-the-election.html
Joe the Plumber and other average Americans want to make their own way and wealth distribution like this amounts to a hand out that they don't want. Something that seems hard for some Democrats to understand is that even though you may be a low wage earner, it doesn't mean you think others should have to pay your way.
What they want is opportunity, which is a classic Republican position, increase opportunity, not hand outs. Those Democrats believe that average Joe is voting against his own interests by voting Republican, but they do not understand Joe's interests, at least in his own mind. He doesn't want someone to give him money, he wants to earn it himself. He should have the opportunity to work hard and get ahead.
If the Democrats can make the argument that somehow the system is flawed, and that average Joe plumbers do not have that opportunity and that no matter how hard he works he still won't make it, then at least the Obama position is more justified.
Although we have some ideas, no one knows for certain why middle class wages are decreasing. If it is true that the system itself is flawed or regulated in a way as to prevent upward mobility then the Democrats have a point. At present that is debatable.
But even if it is true, transferring money from the wealthy to the poor will not fix that problem. Hand outs may be morally justified, they may be economically justified as a stimulus, but they will not increase opportunities for upward mobility. Only education and business development can do that. No matter how you slice it, Obama's strategy of transferring money, "spreading the wealth around" is at best a one time fix that will not change the root problem.
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misfit wrote on Oct 21, 2008 3:08 PM:
ADark1 wrote on Oct 21, 2008 11:19 PM:
napablogger wrote on Oct 22, 2008 1:01 AM:
msifit, there are a lot of loopholes in corporate taxes but not so much in personal income taxes. One thing Clinton did was eliminate a lot of the loopholes. Everyone I know who makes high money is payng a lot of taxes.
On the other hand, 40% of corporations paid no taxes at all last year. If as an individual you are netting over 200K you are paying a lot of taxes, at least 20% of your income in Federal income taxes. "
ADark1 wrote on Oct 22, 2008 4:16 AM:
napablogger wrote on Oct 22, 2008 10:18 AM:
I agree with raising taxes if we use it to decrease the deficit. And I don't think capital gains taxes should be increased across the board, if the increase could be targeted to people who are using them to avoid income taxes and on large cap gains only, say over $5 million in a year, that would be a better plan I think.
Across the board cap gains tax increases to people who say sell a home who are not wealthy is not a good idea.
On social security and Medicare, we need a whole plan to save them, and in that if some tax increases happened I would be ok with it. But I think taxes should increase on those in the middle class too who are benefitting from it. "
freeport56 wrote on Oct 22, 2008 12:42 PM:
he isa smearded in the press by false stories written about him. He appeared on mike Huckabee's show and layed out who and what he was. Is that what we can expect from the "New Left", Gestapo tactics to quiet the dissenters? Smearing your name because you have questions?
Like I said earlier, where can I get my Obama Brown Shirt and my Biden Boots! "
PlasticPinkFlamingo wrote on Oct 22, 2008 1:39 PM:
The left is now frantically spinning and smearing anyone involved in wanting to discuss these issues.
freeport56, let me know where we can get the brown shirt and boots . . . if Obama is elected it will be good camouflage and if McCain is elected they will be good Halloween costumes in 2009, to frighten people about what could have happened to them and their country. "
a teacher wrote on Oct 22, 2008 2:03 PM:
I don't think so.
Changing the tax bill a few percentage points in either direction won't make much of a difference to mine or anyone I know's paycheck. The problems of economic disparity are real in this country. Over the past 30 or so years, wealth in this country has moved upwards. People on the bottom lost, people in the middle stayed the same and people on the top gained. Our economy grew, but only the wealthy seem to have benefitted.
Overall, I think that is troubling. Less money at the bottm means people aren't buying things. Consumer goods are what drive our economy. Unhappy people cause trouble. The politics of fear and envy leads to bad policy.
I would like to believe that Obama could start a new direction in this country to a more equitable society. Maybe it's taxes, maybe something else, but I think we have to start somewhere or we're in trouble. "
kevin wrote on Oct 22, 2008 7:45 PM:
napablogger wrote on Oct 22, 2008 9:55 PM:
Supposedly the top one tenth of one percent of wage earners have risen a lot, and the top few percent have risen as well. Are those all the same people from year to year?
Why we don't know, and how tax policy can change that is dubious.
I am not against some tax increases, I just want to know why we are doing it and what good it will do. Just handing money to the middle classes will not solve whatever economic problem it is that is causing wages to depress. It is not a long term solution.
We have bigger economic problems to address, government spending out of control, medicare and social security going bankrupt, and now the financial industry belly up. All the debt has piled up.
Tax policy ought to be used, indeed it is going to have to be used to address that, even if the American people come kicking and screaming to it like they have the mortgage and resulting credit crisis. "
Raven wrote on Oct 22, 2008 10:03 PM:
Ruff Limblog wrote on Oct 23, 2008 7:54 AM:
Your past posts tell us that you are mid-level bureaucrat in government service, so unless you have a HUGE investment portfolio in some asset that is going up in spite of the Bushite-Republican economic flameout...
Barack Obama will lower your taxes if you family makes less than $250,000 per year!!!
As a proud LIBRUL commie and America-hater, it is rarely that I am able to give such good news to you, kevin!
~Ruff "
a teacher wrote on Oct 23, 2008 12:12 PM:
Supposedly the top one tenth of one percent of wage earners have risen a lot, and the top few percent have risen as well. Are those all the same people from year to year? "
NB: But we do know. For 30 years, we have been working with an economic model that says: cut taxes on the people who make jobs and remove regulations that hinder business. The idea is that the economic growth would result in increased wealth for all.
Correct me if I'm wrong here.
Well, the economy has boomed, but many (I'd say most) aren't reaping many benefits. It seems that the top forgot the trickle down part of the equation. Management basically gave itself a raise and told the rest of us to sod off.
The basic flaw in the plan is the assumption that business will regulate it's self. Not gonna happen. "
steph wrote on Oct 23, 2008 1:11 PM:
Asked a different way--"Do you favor a rebate check" or, "Do you favor higher taxes on 'the rich'" you'll get a WAY different answer, one that indicates a good majority of Americans don't understand economics.
How many working Americans say things like, "I didn't have to pay any taxes" around April 15th or say, "The government should pay for that."
Obama is going to lower taxes for people who don't pay taxes by giving them tax credit checks, and I bet a good many of these people will approve heartily of this move.
What I don't understand is the leftist idea that "trickle down" economics doesn't work. The standard of living for people in this country is quite excellent compared to most of the rest of the world. Average people, even poor people enjoy televisions, cell phones, clean water, enough food, shelter, etc., free education, plenty of opportunity to earn wages that often come with health insurance, etc.
I do believe we need to cut entitlement programs that keep the poor tethered to poverty (and crime, and disinterest in education, and poor health). Likewise, we need a serious look into sleazy corporate favoritism. But the problem is, we have foxes in charge of the henhouse. If anyone here really thinks the Democrats or Republicans are interested in working for fairness, well, I believe most of you here are reasonably intelligent folks who've read of enough government scandals to know otherwise.
Why AmCan is currently embroiled in one of its own! "
steph wrote on Oct 23, 2008 1:33 PM:
Not all regulation is smart. Some regulation leads to the development of a regulation industry that itself can be corrupted, and is very costly and inefficient. Some regulation attempts to legislate economic "equality" and we see where this leads, with the housing crisis, for example. (Though I believe the credit card industry is as much to blame and will be the other shoe to drop, soon.)
I just don't trust those who are making the rules. I believe a grand jury of educated American workers would do a better job of laying out rules that would reduce risk to both corporations, workers, shareholders, and independents. I also don't believe in indebting taxpayers (and soon-to-be taxpayers) hundreds of billions of dollars to rescue mishandled financial institutions--I say let them fail, and then they'll learn to regulate themselves, won't they?
You know, I think that what is wrong with our economic model is the fact that it is based WAY too much on the production and consumption of tangible goods that have little real value--more clothes, more toys, more disposable electronics, more wasteful building. Just look at our landfills. We don't emphasize enough education, travel, craftsmanship, infrastructure repair, health. Out come the credit cards for that trip to the mall, then both mom and dad have to spend all their time at work--for what?
It's all crashing down around us now. "
a teacher wrote on Oct 23, 2008 4:45 PM:
The observation that "Trickle Down" economics isn't working isn't a leftist idea, it's an observation of the facts. If the goal is to raise all levels of wealth and the result is that only the wealth of the top tiers of society has risen, how can that be termed a success?
Your contention that the poor in America aren't really poor because they can afford TV's shows a lack of understanding of poverty. Stop reading the Cato Institute's web page and broaden your horizens. Poverty is relative to where you live. You are basically stating that the poor should just be happy that they don't live in Kenya.
Poverty is not just about what your money can buy, it's about your chances of moving on to a better life. If you are poor in the USA, the chances are that your schools are worse, your health care is worse or non-existant, you have less access to emergency services (police and fire). You experience more insecurity in your job, food supply, safety and oppurtunities. You will live a shorter life, experience less joy, be more frustrated and angy. But at least you can get cable, right?
Finally, "entitlement prigras" don't tie people to poverty. That is how the right justifies it's assault on such programs. For the most part all welfare does is make life s*ck less. Plus, while the poorest of the poor can get welfare, most of the poor are working and get little in terms of assistance. Read a book or two on Poverty. I suggest "Nickel and Dimed" by Barbara Ehrenreich. "
kevin wrote on Oct 23, 2008 5:49 PM:
Liberals are a fascinating species... "
a teacher wrote on Oct 23, 2008 6:15 PM:
Conservatives, ignorance is bliss... "
steph wrote on Oct 23, 2008 6:24 PM:
steph wrote on Oct 23, 2008 6:27 PM:
They don't reduce nor remove poverty.
Better education can do that, but one must avail onesself of it.
And, yes, I am saying that people should be happy they don't live in Kenya. Our economy is a big reason why. "
a teacher wrote on Oct 23, 2008 10:02 PM:
I would think to banish poverty you have to invest in people and infrastructure. I don't think that amounts to handouts, less responsibility or entitlements. I think it's investment.
It's convienient for the right to portray Obama's tax plan as making the rich pay more so that the government can mail checks to poor people. That's a distortion. It's more about how to pay for things that make our country a better place for everyone.
BTW. Would you tell someone who hasn't got enough money to buy groceries that they should be grateful we don't live in Kenya? "
PlasticPinkFlamingo wrote on Oct 23, 2008 10:16 PM:
The Obama tax cut will backfire when companies raise prices to cover the increased tax rate. This puts the tax right back on the lower and middle income groups. What part of this is so hard to understand?
The alternative is that business will lay off people and close down unprofitable operations, leaving more and more people out of work, creating a huge deficit. Tax revenues will drop, making it impossible to fund Obama's pie in the sky huge spending programs. Or he could get them passed with a compliant lefty Congress, leading us into further huge deficits.
Obama is proving that he is not a financial genius by promoting these failed socialist schemes. He gets his support by pandering to people who just want government handouts, straight from my paycheck into their pockets. As more people realize this, more are returning to McCain/Palin.
Obama now is trying to get people to vote early as he sees his lead starting to drop. Vote Early and Vote Often! That's what he learned as a community organizer in Chicago, where they specialize in that sort of thing.
NObama - keep the change. "
Raven wrote on Oct 24, 2008 3:05 AM:
so a pretty nice description of what is happening right now PPF under the policies that Bush started and McCain wants to continue....
as for the lead starting to drop....latest polls show him pulling even further ahead....the average of the polls from realclearpolitics shows him 7.3 points ahead "
Lee wrote on Oct 24, 2008 7:28 AM:
Ruff Limblog wrote on Oct 24, 2008 8:01 AM:
You just have to laugh at the sight of Bushite-Republican enablers who used to babble "It's YOUR MONEY!" now telling us that letting the middle class keep THEIR MONEY is such a bad idea!
When Bush cut taxes for the rich - that was the BESTEST IDEA EVER!
When Obama wants to reset taxes on the rich to the level they were before Bush and let working people keep MORE OF THEIR MONEY instead of sending it to bail out billionaires... OH THAT IS SOCIALISM!
So is it OUR MONEY or not?
And if it is OUR MONEY... can we vote to elect people that will lower taxes on working folks and make the rich pay their fair share.
YES! We Can!
~Ruff "
mominapa wrote on Oct 24, 2008 8:28 AM:
PlasticPinkFlamingo wrote on Oct 24, 2008 8:43 AM:
The lower and middle class will pay for the socialist share the wealth tax increases, regardless of your blah blah blah lawn ornaments blah blah blah bushite enablers blah blah blah. Also note that you once tried to ding me for using CAPITAL LETTERS to make a point. Unfortunately you show your double standard. Or is it the typical lefty mirage of reality? Just do whatever you want and blame/smear everyone else for the problems.
See ya on the unemployment line!
And raven, as far as today's economic panic, I invite you to take a look at Barney Frank, Chuck Schumer, and other members of Congress who led us into this mess. The reality is that presidents have very little to do with how the economy works other than to belch hot air all over the place. "
PlasticPinkFlamingo wrote on Oct 24, 2008 8:44 AM:
Obama - what a fraud. "
NVGal wrote on Oct 24, 2008 8:45 AM:
I would support Obama more if he made better decisions regarding how to invest the american tax payers money. Giving tax credits to the middle class or poor is a short term solution. I won't help us in the long run, spending is not investing. "
Ruff Limblog wrote on Oct 24, 2008 11:05 AM:
Letting the Bush tax cuts for the rich expire will reset taxes on the rich to the level they were during the balanced budget Clinton era.
Cutting taxes for the middle class will result in the working people of American paying LESS than they do now. That is why it is called a Tax Cut FOR the Middle Class!
As hard as it may be for Republican-enablers to understand, more money in the wallets and purses of working class Americans means more customers with money to spend in the businesses here in Napa County.
The Wall Street Weasels are very adept at 'framing' their predatory nature as doing Main Street a favor, but robbing taxpayers and giving the money in no-bid contracts to the very people who stole our money in the first place is not the answer.
I recently asked a guy working in a local hardware store if they would prefer another $50,000 credit line at the bank -OR- if they would like another $50,000 dollars worth of customers shopping in their stores.
Guess their answer!
The reply was that they would rather have the customers buying from them than bailing out billionaire bankers.
No progressive expects the Wall Street Weasels to be grateful for excising the cancerous excesses of the lost Bushite years. So we are going to have to do a Republican Root-Canal and set American back to rights without their "help".
But then, during the 1929 debacle, Republicans were no help either.
~Ruff "
Ruff Limblog wrote on Oct 24, 2008 12:25 PM:
What part of Demand-Side economics do you not understand?
More customers - more business.
More money in working class hands - more customers - more business.
More money in customers hands - more business - more business investment.
The alternative - giving a thousand billion bucks to Wall Street Weasels to 'recapitalize' banks that have no businesses needing to borrow money for investment because they have no customers because the middle class is broke ---- is what we have right now!
There's a balance to be struck between the rich and the working class to keep money flowing and it is past time to start watering the garden again.
~Ruff "
PlasticPinkFlamingo wrote on Oct 24, 2008 1:54 PM:
And for the 1,011th time - Bill Clinton was the benefactor of the dot com boom, which provided huge revenues to state and federal governments. It certainly wasn't anything Bill did. Clinton didn't have a clue, he just bumbled his way along for eight years and left a huge mess behind (after removing most of the White House computer system, probably so no one would ever find out what sort of flim flam was really going on).
Bill Clinton is not someone I would point out as a shining example of economic policy. He didn't do anything to create the boom, unless you count letting Al Gore invent the internet. But in the shimmering mirage of lefty reality, you probably would. "
post-it wrote on Oct 24, 2008 2:54 PM:
There is clearly unfairness in wages. I don't see how income tax policy addresses this. why not a corporate tax penalty to companies that pay exorbitant wages/benefits on the top at the expense of the bottom ranks of their payroll ladder. Both candidates should be calling on companies to look at their pay plans or threaten to enforce consequences for not providing equitable pay policies. Determin pay equity by comparing the spread of the highest paid to the lowest paid. Is an executive worth 80 million a year when the guy who cleans his office gets min wage? The same should hold for Movie stars and Athletes. Nobody does it on their own. (and if you did - there would be no difference between the top and bottom pay!)
Currently there are plenty of salary loopholes:
1. Health insurance is not taxed, those with better plans get an income advantage
2.frequent flier miles are not taxed so some get free vacations
3. Executive life insurance is not taxed
4. executive pay in stocks so they get taxed as capital gains rate rather than income tax rate
If the income tax rate is raised, the system will get worked so that exec pay is higher to compensate and they get the same net pay. we will just pay more for goods to compensate "
Ruff Limblog wrote on Oct 24, 2008 5:03 PM:
Obama has been pretty specific and so have the folks who have examined his plan.
If a couple makes $250,000 a year their taxes will NOT go up.
If a couple makes more than $250,000 a year then their taxes on the amount OVER $250,000 will go up.
So Joe-the-Plumber, Bob-the-Builder, Tracey-the-Teller, Wendy-the-Waitress and Gary-the-Government-Worker have nothing to worry about if they don't have a taxable income over $250,000 a year.
And if Lance-the-Lucky-Ducky makes more than $250,000 a year then he will have to pay the same tax rate paid in 1999 when the US budget was balanced and regular unleaded gas cost 99.9 cents a gallon.
Most Americans would prefer the Clinton-era economy over the Bushite-enhanced "self-regulating", crony-infested toxic-waste landfill Bushite-Republican looters have given America.
~Ruff "
kevin wrote on Oct 24, 2008 7:25 PM:
They talk about cutting taxes.
They promise to cut taxes.
But just like Clinton.
They don't REALLY cut taxes. "
Raven wrote on Oct 24, 2008 9:51 PM:
steph wrote on Oct 25, 2008 1:36 AM:
Not "hard-working" not "made good choices" but "lucky" like the money just landed in the "lucky" guy's lap for no reason.
Or, he's "greedy". Probably a Republican.
That tax increase may drive more primary care doctors out of business--early retirement sounds good, or cutting hours back, even if there's a shortage. It's not worth the long days and liability if Uncle Sam just takes a bigger cut.
That's one example of a "lucky" guy I can think of. A greedy, lucky guy who deserves to pay more. "
steph wrote on Oct 25, 2008 1:43 AM:
Y'all are reading and listening to your share of conservative media, right?
NPR had Alan Greenspan, as well, and a nice discussion. Also, some of us work.
Lee--are all of us who are opposed to tax increases and wealth redistribution--are we all just livin' large like Warren Buffett? Oh, and Warren Buffett's secretary probably makes what you and I and everyone here makes combined.
That's trickle-down economics. "
Ruff Limblog wrote on Oct 25, 2008 9:53 AM:
We make comparisons between the two points of view all the time.
There is a projection amongst Republican-enablers that those traitorous dangerous scarey commie fascist LIBRULZ don't read what is passed off as rightwing thought.
It's not true, we do read it and find it lacking in any solutions to the problems of the middle class in America.
Most of what is repeated here on the NVR is uniformed, wrong, or both. And even worse, rightwing slogans that give people an excuse NOT TO THINK for themselves.
What is really entertaining is the triple half-Gainer backflips that come flying around from self-styled 'tax cut' enthusiasts when !!horrors!! a Democract suggests actually cutting taxes for people that make less than $250,000 per year.
Republcans have done tax cuts alright, mainly for rich people, not for the middle working class folks.
As I heard it put... the rich got a taxcut to buy them another Mercedes and the middle class got enough to buy a Pinto muffler.
If you are looking to turn around a Demand-Side economy the working class is where the purchasing power has to go.
It's notable that NOTHING done so far has even started turning the economy around - NOR WILL IT - until the taxcut money goes to consumers.
Obama is a center-left Democrat, not a member of communist party.
You can always say that Obama might not do what he says he will, but he's a very determined man.
Socialism for the rich has failed, Americans are ready for CHANGE!
~Ruff "
anticommie wrote on Oct 25, 2008 10:02 AM:
"The American people will never knowingly adopt socialism, but under the name of liberalism, they will adopt every fragment of the socialist program until one day America will be a socialist nation without ever knowing how it happened."
I couldn't say it any better. All those on the left are the ones that are ruining this country. Their socialist ideas under the disguise of "liberalism," are brainwashing the younger generations through the EDUCATION system.
I once said that whether McCain or Obama get elected the New Left wins. Obama is a straight up socialist, we all know it. The right knows, and the left either is oblivious, or they are too. McCain is a moderate Republican, NOT a conservative. That is why soooo many Republicans are having a difficult time voting for him.
I am sad for this country, and the path that the reluctance to see that socialism and even communism has infiltrated our capitalist system and is slowly destroying it. And the sad part? The American left doesn't even care. If Obama wins, welcome to the new American era: No longer America the brave, but America the socialist "
anticommie wrote on Oct 25, 2008 10:06 AM:
Give me a break. Only the money PAST the $250k mark will be taxed? That is just ridiculous. It is obvious what Obama is doing, and you welcome it with open arms don't you? SOCIALISM. Well just know that there are men out here that will fight to the bitter end to expose the socialist plans of the left.
-ANTICOMMIE "
anticommie wrote on Oct 25, 2008 10:28 AM:
In the 60's the American socialist party split into three separate groups: leftist, centrist, rightist. The latter two, if you do some research, went on to infiltrate and support the American Democratic Party. So I guess you might be able to say that Bama is a center-left Democrat, because a center-left Democrat is a center-left Socialist. Funny how that works out. "
wyngyrl wrote on Oct 25, 2008 11:06 AM:
The other option is to declare bankruptcy and walk away. That is how people lose their homes, lose their jobs, and lose control of their country.
I doubt that anyone wants to see USA declare bankruptcy. So we will all have to contribute our fair share, and work together to repair what is essentially a bankrupt nation. Unless we want to hand over the assets to China, India, and Saudia Arabia. I'm voting to remove a Republican Administration which has told us for 8 years, "everything is fine, go shopping and don't worry." Well it's not fine, and unless we agree to work together it may never be fine again. Vote for Change on '08. "
steph wrote on Oct 25, 2008 12:51 PM:
"Rich" people didn't get those.
That's a tax cut for the middle class and poor--income redistribution from higher tax brackets to low/no tax brackets.
Ruff, how about some solutions from you? All I ever hear from you are attacks on "Republican enablers". I know you're WAY smarter than that. One thing you and I agree on is that the federal "bailout" of the rich on Wall Street is disgusting. I hold members of BOTH parties liable. No Democrat, and NO Republican stood up for the American people in imposing even minimal, intelligent regulation of the financial industry. The failing corporations need to fail. Then the shareholders will start paying attention to outrageous corporate salaries that result NOT in attracting the best minds, but in attracting greedy self-centered individuals who run companies into bankruptcy, including the loss of good jobs and drying up of investors' funds. Let them fail! So far the bailout hasn't saved us and the rest of the world from what is inevitable.
All you folks who are pointing fingers at the other party's players ought to read about the Commodity Futures Modernization Act of 2000. It will make you sick.
These same idiots in charge of Congress want to have us believe that they're going to save us with just 700 billion taxpayer dollars.
And we're in this financial mess because taxes aren't high enough? I say there are no good stewards looking out for you and me.
I voted against Mike Thompson, like shouting into the wind. I also voted against Obama and McCain--they're on opposite sides playing the same game. "
a teacher wrote on Oct 25, 2008 5:54 PM:
Steph: Redistribution of wealth is the basic goal of an economy. The problem, in my opinion, is that we have been working with a philosophy that if we direct wealth towards the top, the top will redirect it towards the rest of us. It's a flawed assumption in that business has come to set the rules that control controls the flow. As a result, they keep more of the wealth generated and the rest get less. I think it's time we change the rules to make it more equitable.
You also make a number of presumptions. Among them is the presumption that people are poor by choice, that is that they lack the initiative to rise above their circumstances (another way of saying that the poor are lazy). Another is that the system is fair, that is anyone with enough "pluck" can rise above their station in life. I think that facts show that to be a myth, that the system is stacked against the poorer end and favors the wealthier end.
I read from a variety of sources, but I try to avoid the obvious partisans ho are mostly hot air. "
anticommie wrote on Oct 25, 2008 9:18 PM:
anticommie wrote on Oct 25, 2008 9:31 PM:
"Steph: Redistribution of wealth is the basic goal of an economy."
WHAT? Maybe of a socialist economy. Even in your treasured socialist concept of "trickle up economics" the rich stay rich, and the poor stay poor. The Difference? At least in a free capitalist society, if you are smarter and more willing than the competition, than you can become wealthy. We see it everyday in this country. At least I do.
With socialism, the people that start out poor will remain poor with no chance of success that is possible under capitalism. The middle class shrinks to about nothing, creating only two classes, Lower and Higher. The higher class then has more control over the lower because they are the ones that are doing the redistributing. Giving us little people our food stamps, our land that they have divided "fairly," and our income that is "fair" to everyone. If you dont think it will come to this, you are gravely mislead. The left began this attack on the people the moment they started with the gun control movement. They dont want an armed society when they take it over.
Think I'm a conspiracy whack? I'll reiterate the agenda of the American Socialist Party:
"The American people will never knowingly adopt socialism, but under the name of liberalism, they will adopt every fragment of the socialist program until one day America will be a socialist nation without ever knowing how it happened."- Norman Thomas "
a teacher wrote on Oct 25, 2008 10:05 PM:
If you have another explanation of economic activity, let's hear it. Try to leave fluoride out of it. "
napablogger wrote on Oct 25, 2008 11:07 PM:
What I think is that things are not so simple. Economic freedom is the best way to create wealth, but in that freedom some people will figure out ways to dominate and control everyone else and horde all the benefits and wealth to themselves.
Once the dominators get control they can s*ck all the wealth into themselves and have to be regulated. Once you regulate, you lose freedom and it hurts the economy. There is no one size fits all anwser, even though most people would prefer it.
It's simpler, and you don't have to think. The answer is always, market forces, or raise taxes, impose controls.
anticommie, you just make assertions without the evidence to back them up. that way leads to delusions. "
Todd Adams wrote on Oct 26, 2008 7:00 AM:
anticommie wrote on Oct 26, 2008 7:03 AM:
you brought the fluoride into it first!
The purpose of the economy is the flow of goods and services, and if you want to say, money. But the discussion here is: who is best fit to spend our money? Should the government redistribute wealth? The individual, or the government. I personally say the individual knows how to spend their money that best suits them. Maybe I'm wrong though,people would rather take vacations, go out to nice dinners, maybe indulge in not so legal substances, and then go and complain they dont have healthcare. I know plenty of people like this. On top of that, they want you and me to pay for their healthcare for them!! Does that seem fair to you? I work hard for my money and healthcare, and have cut certain luxeries out of my life to accomidate the nessecities. Priorities people, priorities.
Blogger:
I love hearing the word "fair" being thrown around. A flat tax would be the most "fair," but I doubt any liberal would tolerate that. "Fairness," "equality," "social justice," "tolerance," "multiculturism," "individualism," all terms the lefty of the lefts use as a way to "sugar coat" the true agenda of socialism.
Reagan said, "It's very easy to disquise a medical program as a humanitarian project. Most people are a little reluctant to oppose anything that suggests medical care to people that can't possibly afford it."
Reagan knew the threat of socialism and communism in this country, and that is the reason those of the left always opposed him. "
anticommie wrote on Oct 26, 2008 7:10 AM:
Delusional, you say? Take a look at contries that use major aspects of the socialist agenda that the left in this country are embracing so much. France, Canada, etc. Several Canadian friends of mine, never have one good thing to say about the socialized medical system that they have in that country. In fact, two of them have said they came to the US a couple times to receive our healthcare, and would rather pay for it that way. Then take a look at the taxes these countries pay. Thanks, but no thanks.
Norman Thomas said it for me about liberalism. The left in this country are either oblivious to the true agenda of the liberal Democratic Party, or support it. Either way, socialism is alive and well in this country and will destroy what this country is: all out of "fairness." "
a teacher wrote on Oct 26, 2008 8:44 AM:
Economics is not simply about creating wealth, it's about how money (or wealth) flows through an economy. "
anticommie wrote on Oct 26, 2008 10:35 AM:
1. (used with a singular verb) the science that deals with the production, distribution, and consumption of goods and services, or the material welfare of humankind.
Economics is about product and services. Buying, selling, importing, exporting, distrtibuting in the sense of making available to purchase or trade. Wealth redistribution is the socialist form of economics: TAKING from one and GIVING to another. "
a teacher wrote on Oct 26, 2008 10:58 AM:
You also portray it as an all or nothing situation. Why can't there be some government intervention for the benefit of everyone? "
steph wrote on Oct 26, 2008 11:30 AM:
But, yes, teacher, I agree that "redistribution of wealth is the basic goal of an economy". In fact, I'll say that wealth isn't wealth until it's exercised, either through purchasing or investing. It can be donated, and used to influence (a form of purchasing, really.) In a conservative's point of view, wealth is transferred for goods and services that people want, that other people provide, and NOT to people who bring nothing to the economic table--save for a miniscule minority of people who truly cannot provide for themselves in any way. This provides the most robust economy, fosters the most innovation and efficiency.
But it also needs to be regulated, ideally minimally, because greedy (and financially irresponsible) people can be very destructive, as we are seeing in the banking industry and home buying arena today. "
steph wrote on Oct 26, 2008 11:34 AM:
Raven wrote on Oct 26, 2008 1:26 PM:
Joe wrote on Oct 26, 2008 2:01 PM:
anticommie wrote on Oct 26, 2008 4:07 PM:
anticommie wrote on Oct 26, 2008 4:23 PM:
What are you opinions on Howard Zinn and Noam Chomsky? On Peter Collier and David Horowitz? "
Raven wrote on Oct 26, 2008 6:41 PM:
misfit wrote on Oct 26, 2008 6:58 PM:
I do believe that Joe the plumber would love to have a job.
Would love to be able to afford healtcare and if he has it, to afford the co-pays and the deductables.
I think Joe would love to be able to feed his family something other than Taco Bell's 2 for one Burritto deal.
Joe would love to be able to fill up his gas tank instead of leaving it only half full because that's all he can afford to do as gas prices are artificially raised to fatten the oil companie's profit margin. Problem is, our country with it's wonderful value system, values the corportations that send jobs overseas so that they can make a bigger profit for their wealthy investors.
We value the HMO executives, who worked their way up from the mail room to make the billion dollar a year salary while denying coverage...after all, isn't that what the American dream is all about?
I think Joe would love to have his hernia operated on but, he can't afford the 5,000.00 deductable that he has to pay before his insurance kicks in.
Joe used to shop at Costco, but now, he can no longer afford the membership and, who can afford to put out 400.00 all up front for a 36pack of toilet paper and paper towels and a few other "necessities". He'll shop at Trader Joe's and Target...after his next paycheck.
But...Joe will vote for McCain and Palin because, they share his real life experience and his values. A value system that causes him to deny himself as sort of a noble, self sacrifice, in order to support the view of the American Dream or of what it should be. "
amigo wrote on Oct 26, 2008 7:38 PM:
Wasnt obama considered the most liberal senator? I think so "
Todd Adams wrote on Oct 26, 2008 8:39 PM:
We certainly aren't going to make any progress with this sort of arguing so I would like the liberals to kindly acknowledge that social programs should include mechanisms or incentives to minimize parasites who feed off the taxpayers and I would also like for the conservatives to acknowledge that many people need temporary or permanent assitance in order to contribute to our society. As part of this therapy you might even give some examples of the opposing viewpoint you've been espousing. Try giving some real examples from your own experiences. "
jt wrote on Oct 26, 2008 9:11 PM:
if plumber joe doesn't understand it who really cares cause most people don't. i don't think the two politicians did either, and probably still don't. if joe can keep making under a certain amount he can get a check for $600 bucks. joe had a couple seconds of fame, and a $600 check. good for joe. he can't get a loan cause he defaulted on a payment. who cares!!! to add to his problems he lives in amarillo texas, which he doesn't see as a problem because he probably hasn't been far out of amarillo for very long. big deal... i doubt that joe would go surfing in wheat elevator, or push cows over, or burn fire flies on the burn barrel. who cares... i don't. "
steph wrote on Oct 26, 2008 9:30 PM:
Agreed.
A close relative needed assistance after her husband left her with two kids and no child support. She put herself through school to become a teacher, and with short-term assistance, was able to put food on the table for two hungry teens. She needed help. She recalls standing in line in the government office, and she chatted with an immigrant (not Hispanic, btw) who chided her for going to school, because everyone knows that you lose your benefits if you go to work! My relative was appalled. She went on to provide education for dozens upon dozens of special ed kids, pays taxes, and finished raising two responsible, tax-paying citizens. She has much to be proud of.
Her neighbor is a disabled firefighter who collects a huge salary. He is not disabled. He may not be able to lift 200-pound men out of burning buildings, but he certainly could be working at a clerical job for the State.
I received a student loan to help pay for my graduate degree. Yes, I payed it off, but the interest rate was low (for that time, not by today's standards) due to government financing. I am grateful for the assistance.
How'd I do, Todd?
Another thing we conservatives and liberals probably agree on is the need for finance of public infrastructure and education. We disagree about whether the government collects enough taxes already to accomplish this. Conservatives believe politicians waste a heckuva lotta money on things like pork, bailouts for rich executives, unnecessary wars, entitlement programs, fraud, bad contracting, and other forms of mismanagement. That needs to be cleaned up before I'm ready for a tax increase. "
Ruff Limblog wrote on Oct 27, 2008 4:11 PM:
No surprise there. No rational reason for the label, but that's just Republican-enabling for you.
John Kerry is still in the Senate but somehow... Barack Obama is now supposed to be 'the most liberal senator in the Senate', even though his voting record is rather moderate as compared to John Kerry, Ted Kennedy and even Joe Lieberman.
amigo, you are welcome to your delusions.
However, Barack Obama is far from 'the most liberal senator in the Senate'. And I should know being as I am the head bull-goose LIBRUL commie fascist around here.
But 'most liberal' or not, Barack Obama is still beating your 'I voted with Bush 90% of the time, but I am such a Maverick' candidate.
Both sides have their favorite labels for the other side, but the Republican-enablers are still grappling with the fact that the majority of Americans don't care about Republican labels much anymore -- they want a change from EIGHT LONG YEARS of Republican bungling, lying and corruption.
~Ruff "
Ruff Limblog wrote on Oct 27, 2008 4:12 PM:
~Ruff "
steph wrote on Oct 27, 2008 6:20 PM:
If I only cared about taxation, and not about revenue management, I might be excited.
Economics is a much more complicated subject than that, though. "
NVGal wrote on Oct 27, 2008 6:24 PM:
Middle class demand side economics is “hey, when the price of gas is low, I can demand a SUV!”. Then we get to bail out the auto manufactures when the price of gas rises. I think the middle class has spent enough, and your demand side economic plan of middle class spending is way behind the times.
I say take the $134 a month and invest it in the long run, industries that create jobs that will help us survive through a globalized economy, or a better educational system.
Oh, according to Obama’s tax calculator, I am tax neutral, no “middle class tax cut” for me, and I make far less than $250K per year… "
NVGal wrote on Oct 27, 2008 6:31 PM:
Todd Adams wrote on Oct 27, 2008 6:34 PM:
I'll share a couple examples as well. I benefitted from grants and subsidized loans to help me through college. It's hard to imagine how I could have made it through college without this support, so I would like to thank the taxpayers for their assistance. I also received aid through the National School Lunch Program when I was in elementary school because my mom was struggling to raise 3 kids as a single mother.
Each of my grandparents benefitted from Social Security and Medicare and my parents are soon to be beneficiaries of these social programs, provided of course that my generation will continue to support these programs.
I've also known a few free-loaders in my life. One of my friends was very much capable of working, but he chose to live on the streets and off the generosity of others rather than earning his own pay. I somewhat understood his decision because he wasn't qualified for many jobs that would pay a living wage, but it was a drag on our friendship for sure. Fortunately, this sort of lifestyle isn't as glamorous as you read in the papers and he now has a job and is self-sufficient.
I also know of a person who gets disability through Social Security for being a drug addict. I wouldn't choose this route either, but I'm also not sure what to do with people like this. It's not cheap to lock them up in jail either.
I doubt that we will ever eradicate all the parasites and free-loaders. The best that we can do is to create incentives and disincentives to minimize their impact on the rest of us. "
steph wrote on Oct 27, 2008 7:28 PM:
I maintain that your drug addict friend would grow tired of being a drug addict much faster if he didn't have a choice in the matter. But his lifestyle is being financed by taxpayers, and he can hang on to his choice a little (long?) while longer.
I'd rather take his SSI and invest it in a community mental health system with plenty of inpatient beds and outpatient services, like psychological help and job training. He should have to work for his aid, as well.
I'm all for WIC and school lunches for children, and free daycare with a phase-out as income increases, but no Section 8 and no discretionary spending aid. I'd like to see more well-run public boarding schools that would rescue children from unfit parents. When you give people a choice to be parasitic, you get more parasites. It shouldn't be so easy.
We also need to reinstate the Glass-Steagall Act that Republican congressmen were payed to repeal, and the repeal of which President Clinton signed. We need to demand that all credit default swaps be collateralized. There should be no speculation in this market. Predatory lending should be outlawed and in my opinion, loan interest rates should be regulated. Credit card companies should not be allowed to charge interest rates in the 20's percentages. I like Obama's plan of simplifying loan applications and mandating easy-to-read loan term disclosures. (No-brainer, really, but corruption prevails for now.)
I KNOW an assembly of the American people could fix the country's problems, grand jury-style. That's what our congress is supposed to do, but they're too busy looking out for themselves. They're not as smart as they should be, either. "
Raven wrote on Oct 27, 2008 8:02 PM:
you want to limit the interest companies can charge....isnt that somewhat socialist?
and without speculation, would you even have a market? "
steph wrote on Oct 27, 2008 10:09 PM:
I'm opposed to the bailout of banks that made and sold bad loans. I think banks should be vulnerable to the repercussions of poor management--greedy management. Were we to remove safety nets, banks would not have allowed people with risky credit to extend themselves. But we don't live in a Libertarian society. That leaves us with regulation. Allow banks to compete with different services and rates, but I don't believe it hurts banks to cap the interest rates they can charge--you and I as taxpayers have to pay for their artificially high losses when people can't keep up with ridiculously high payments, and they default. Right? So, let's protect the taxpayers, and cap interest rates. Let's also tell banks that if they authorize enormous credit limits to people who couldn't possibly pay it back--or small credit limits layered on top of layers of small credit limits, the BANK takes the risk--not the taxpayer! No deduction of losses. Better note credit worthiness next time!
I don't understand your concern about boarding schools. Rich people send their children to boarding schools. Why not poor children who have abusive, mentally ill, or neglectful parents? Check out research: The Impact of Orphanages on the Alumni’s Lives
and Assessments of Their Childhoods by Richard B. McKenzie.
Oh, I looked up "Poorhouse" on Wikipedia, and this is what I found: "Often the poorhouse was situated on the grounds of a poor farm on which able-bodied residents were required to work; such farms were common in the United States in the 19th and early 20th centuries". Awesome! Are drug-infested "projects" better? "
anticommie wrote on Oct 28, 2008 7:17 AM:
Well, then it should be balanced with some conservative writer's then, cause Howard Zinn a left wing radical. "
Ruff Limblog wrote on Oct 28, 2008 8:34 AM:
Right now, the 'business community' is in a downturn because there are not enough CUSTOMERS with money to buy.
There is not enough money in the hands of customers/consumers/people because the 'growth' in the Bush economy was fueled with debt, not wages. Millions of homeowners were refinancing their homes to get out 'equity' that disappeared and are left upside-down in their finances.
There are two ways to put spending power in the hands of customers, one is a tax cut for the 'customer class' letting them keep more of their wages to spend on their priorities, and, two, giving the unemployed JOBS which give them wages to spend on on their priorities.
The Middle Class Tax Cut is a great idea and should be even larger!
Also, the same economists who ACCURATELY PREDICTED this financial flameout have started asking for a $400+ billion stimulus package to go into infrastructure spending to create jobs to get money into the hands of the 'customer class'.
The downward spiral has begun. I strongly encourage those who are crying for the Republican phoney 'Joe the Plumber' who gets a tax cut under the Obama plan, to start thinking about what would happen to them if their jobs disappear as the economy contracts.
Recessions and depressions are not good for anybody, not Wall Street and not Main Street.
I'd like to see less attempts by the Republican-enablers to chop holes in the fire hoses as the economic firemen try to keep the entire US economy from burning to the ground.
~Ruff "
steph wrote on Oct 28, 2008 8:38 AM:
I meant to say "unless all regulation is socialism" "
misfit wrote on Oct 28, 2008 8:44 AM:
steph wrote on Oct 28, 2008 8:47 AM:
Raven wrote on Oct 28, 2008 9:17 AM:
and can you see the state being able to run such a boarding school.....look at the disarray in running a simple school district like Napa...
and there is a big difference between an orphanage and a boarding school.... "
napablogger wrote on Oct 28, 2008 10:16 AM:
What I notice in that is conversation gets reduced to name calling, and is really not informative or interesting.
Liberals do it too, neoconservative used to be the label of choice but it is dying away.
It seems to me that if we are going to define socialism as any law or regulation by the government, then what capitalism and socialism are are two ends of the same spectrum.
That spectrum would be individual freedom vs government control in economics. The ultimate in government control is government ownership of everything, like in the old soviet.
What we are arguing about really is the amount of control the government should take away from individuals. Most agree right now that we need more regulation---even conservatives are arguing that Fannie May should have had more control from the goverment and not been allowed to make many of the loans they made. That' control by the government.
Like Steph, I think that the fear is that we will go overboard once again and then regulate too much. It is a critical balance and we have to work to get it right. "
kevin wrote on Oct 28, 2008 10:17 AM:
""To deal with our current emergency I'll launch a rescue plan for the middle class That begins with a tax cut for 95 percent of working Americans. If you have a job, pay taxes and make less than $200,000 a year, you'll get a tax cut."
What happened to the "$250,000"?
(Not like I believe ANY Democrat who says they are going to lower taxes. You have to go all the way back to Kennedy to find one.)
Besides, B.O. doesn't consider the expiration of President Bush's tax cuts in 2010 a tax increase.
The net effect is a tax increase regardless... "
anticommie wrote on Oct 28, 2008 11:43 AM:
Our country is on its way to a socialist state, and I AM labeling liberals as the socialists that they are dating back to FDR. If you do some research, and disregard the denial from the democrats, and some republicans (the liberal ones), this country is on its way to the government controlling all forms of business. This has been the plans of Communists: Destroy Laissez faire econmics; replace with Communism/Socialism. Whether we see this in our lifetime or not only time will tell.
Raven disregards men like Norman Thomas, six time presidential candidate, as irrelevant. This is exactly what Norman Thomas wanted the American people to do, all summed up in one single quote which I have put in these posts several times and will do again:
"The American people will never knowingly adopt socialism, but under the name of liberalism, they will adopt every fragment of the socialist program until one day America will be a socialist nation without ever knowing how it happened." "
cmc wrote on Oct 28, 2008 5:10 PM:
In addition, Mr. Obama has acknowleged on several occasions that increasing taxes on capital gains, for example, has historically resulted in a decrease of income to the government, but that he favors it in the interest of "fairness". So his interest is demonstrably not in increasing government income, but in taking one person's money and giving it to someone else, not based on achievement, hard work, or any other criteria except that one has more than the other. That's fair? "
Todd Adams wrote on Oct 28, 2008 8:30 PM:
Cutting him off Social Security may get him off drugs, but I doubt it. This person is a scum bag and I doubt that he will ever be anything more than that. I have no good answer about how to deal with this person. We could cut him off Social Security, which he probably receives not much more than $15K, but he's not employable and will probably go back to stealing and end up in jail which costs $40K per year. I don't like the idea of this person receiving Social Security, but I really don't know what to do with this type of scum. "
Todd Adams wrote on Oct 28, 2008 8:57 PM:
Most economies fall somewhere on a continuum between these two extremes which are often called "Socialist", but are more accurately described as "mixed economies". It all depends on how much of a role the government and private sector play in the economy.
I researched the meanings of capitalism, socialism, and communism online and learned that the economic definitions are much more complex than the everyday use of these terms. Our misconceptions of these terms largely explains why the "debates" about capitalism and socialism are more akin to name calling on the playground. I find these debates to be occassionally entertaining, but never interesting or productive.
At least there are a few bloggers on this site who are interested in debating real issues. I enjoy reading the comments because I often learn something that the news media tends to gloss over. I have my biases as everyone does, but I appreciate those who think for themselves and actually contribute to the discussion by bringing facts and/or original ideas to the table. "
Raven wrote on Oct 28, 2008 10:24 PM:
Rocco wrote on Oct 29, 2008 9:16 AM:
Rocco wrote on Oct 29, 2008 9:29 AM:
Raven wrote on Oct 29, 2008 10:42 AM:
steph wrote on Oct 29, 2008 11:24 AM:
Let's let go of the economic labels and look at economics from a common sense point of view.
I believe in the power of the private sector to be profit-minded and therefore efficient and innovative. I believe that this is the best form of economics for the largest percentage of people. I do believe that a good, strong economy floats all boats. I believe we in the US are so lucky to live here and enjoy the wealth of our economy. Ask a poor Mexican immigrant, for example, where it's better to be considered "poor"? I'd ask, "Why did you come here?"
However, I also know that economic opportunity often breeds opportunists, and therefore we must abide by principles that I ask my own children to abide by: no lying, cheating, or stealing. I'm good with any regulatory laws that prevent, for example, oh, AIG from selling insurance claims that they can't back up. Because that results in lying, cheating, and stealing, from the last guy to sit in the musical chairs game, and then ultimately from American taxpayers.
Unfortunately, our politicians are not economically savvy. They are in the business of getting elected, and they often lie, cheat, and steal to obtain and maintain their power. My conservative brain strenuously objects to the stealing from working taxpayers to fund the habits of individuals or corporations who do not provide any goods or services to obtain that money, while I do recognize the need to support modestly, at least for a time, the needs of our most vulnerable citizens. "
steph wrote on Oct 29, 2008 11:32 AM:
Thanks for the reasonable and thoughtful contributions to the NVR message boards.
Regarding your relative (I have at least one in the same boat), do you believe ssi completely satiates him? Or can we reasonably expect him to be engaged in criminal activity as drug use escalates? Buying drugs from violent gang-member drug dealers is criminal. I really think we should not be financing his bad habits, and in turn, his drug dealer(s). I think that $15,000 would be better spent on children's services, better education, better mental health services, and even, yes, a specialized "jail" for him. I absolutely do not agree that he should receive financial support without asking anything in return from him. This is societal laziness--on OUR part, and it does him no good. In fact, one might say it is cruel to continue to feed his habit. He never wanted to grow up to be a drug addict, you're right, so why are we allowing it--and paying for it? "
steph wrote on Oct 29, 2008 11:41 AM:
Raven wrote on Oct 29, 2008 12:51 PM:
steph wrote on Oct 29, 2008 4:03 PM:
Seems a bit socialistic to me. Who owns Alaskan land? If it's the Alaskan people, are they landlords and should share in the profits?
Interesting point. Not sure how I feel about it. "
kevin wrote on Oct 29, 2008 7:07 PM:
It is impressive that the Alaska government refunds the excess revenue to the citizens.
In B.O.'s world the government would keep it to spend because they know better how to spend the money... "
John Richards wrote on Oct 30, 2008 12:51 PM:
so a pretty nice description of what is happening right now PPF under the policies that Bush started and McCain wants to continue...."
It seems convenient to blame the current economic slump on Bush, when in actuality the seeds for that slump were sown during the Clinton era when Dems pushed for easing mortgage credit criteria. "
Raven wrote on Oct 30, 2008 1:13 PM:
if Bush was taking credit for it when it was good, he gets the blame when it is bad... "
steph wrote on Oct 30, 2008 3:04 PM:
Powerful men from BOTH parties are working in a bubble to damage the American economy. It's only going to get worse. We still have credit card defaults on the way, and more layoffs. And the not-accidental lack of regulation of credit default swaps will become legendary.
Nice work, public "servants"! "
Raven wrote on Nov 1, 2008 10:46 AM:
steph wrote on Nov 1, 2008 1:19 PM:
Raven wrote on Nov 1, 2008 8:46 PM:
misfit wrote on Nov 2, 2008 1:54 PM:
Anyway, I have nothing against handymen but, the entire premise of Joe's question to Obama was false. Joe doesn't even pay his taxes and he's worried that Obama is going to take money from him that he will never have. I mean...is this who you guys want representing you? Is he some kind of icon of the RepubliCON base? How embarrassing for you. Funny how you always need find someone to identify with ...Palin...Joe...who next? "
cab e-girl wrote on Nov 2, 2008 2:55 PM:
anticommie wrote on Nov 2, 2008 3:28 PM:
Raven wrote on Nov 2, 2008 9:45 PM:
anticommie wrote on Nov 3, 2008 12:23 PM:
cab e-girl wrote on Nov 3, 2008 1:01 PM:
Raven wrote on Nov 3, 2008 1:19 PM:
Maybe these had a little bit to do with it
1350 banks suspended operations during 1930
1931 Committee for Unemployment Relief releases a report on unemployment showing that 4 to 5 million Americans were out of work. 2,293 banks suspend operations "
glenroy wrote on Nov 3, 2008 4:30 PM:
We live in a country where the majority of the voters have no understanding their own parties policies….the overwhelming majority of Obama supporters still believe Republicans control both houses….and if that isn’t the consequence of partisan propaganda….then the only other explanation is ignorance….take your pick. "
Raven wrote on Nov 3, 2008 5:03 PM:
and you should keep reading your histories.....every single tax hike eh?...lol...
and cab-e-girl...what turned the economy around was the massive investments by the govt in the nation and the secodn world war "
misfit wrote on Nov 6, 2008 8:33 AM:
Raven wrote on Nov 9, 2008 7:41 AM: