What happened to all of the doom and gloom economic threads?

[MeeMie]

We we've been bankrupt since WWII and getting worse since Ronald Reagan's presidency. So yeah not Obama's failed anything bankrupt us. What regulations has he passed aside from the oil ban? What did he do specifically to the housing market?

Aside from the oil ban? Are you fucking kidding me?

Haven't you noticed the HealthCare fiasco ... or, maybe all of the billions of taxpayer dollars wasted bribing their own party to approve it (as well as stimulus pork and bribe).

Tell me how any taxpayer who has worked to pay their mortgage will now appreciate having to pay mortgages of losers who didn't qualify for one from the get-go ... are taxpayers paying down your principle balance?

They couldn't even get a budget through with a majority in the Senate and House and White House.

I'm not regurgitating all of this for fools that are blind to truth.

Read the friggin thread. Or, not. I could give a flying fuck.

 

[Sean Renaud]

Aside from the oil ban? Are you fucking kidding me?

Haven't you noticed the HealthCare fiasco ... or, maybe all of the billions of taxpayer dollars wasted bribing their own party to approve it (as well as stimulus pork and bribe).

Tell me how any taxpayer who has worked to pay their mortgage will now appreciate having to pay mortgages of losers who didn't qualify for one from the get-go ... are taxpayers paying down your principle balance?

They couldn't even get a budget through with a majority in the Senate and House and White House.

I'm not regurgitating all of this for fools that are blind to truth.

Read the friggin thread. Or, not. I could give a flying fuck.

So basically you've got nothing. Even if you call Health Care a fiasco (it is but hey whatever) that's not a regulation.

Tax payers having to pay the mortgages of losers who didn't qualify for one from the get go is a tragedy. There was no inteligent way around it unfortunately and that's not a regulation.

Failing to get a budget through, which for starters was done mostly for political reasons. They didn't want to run on the budget, we can discuss whether or not such a thing ought be legal later. It's still not a regulation.

You're not regurgitating it because you didn't have in the first place. He's put some changes on the credit card companies but they still seem to be doing okay. I want to see this over-regulation that Obama signed into law.

 

[IrezumiKiss]

When will you fools realize that his color has nothing to do with the disgust for this president?

So if his color doesn't matter, why did you lead off with this statement:

Something from the Big Kahuna First Black President:

Ooooh, don't tell us, Meemsie...it's a cut and paste, not your words, so it technically doesn't represent your convictions.

Or maybe that bottom part is the C&P and you were just embellishing. Don't matter, your card's just been pulled. Again. You can go back to giving a crawling fuck since flying's out of the question after being shot down like a duck.

 

[unregistered]

 

[mercury14]

The House passed the Ryan budget. Harry Reid and the President rejected it deciding instead to try and fight it out with a series of continuing resolutions that support the spending status quo, making threats to shut down the government, then blame it on the Republicans when they balked.

They want no cuts on the budget except defense in order to maintain their parasitic constituency and are more than willing to take the rest of the country down with them.

Obama has signaled for a very long time that he's open to cuts in plenty of other things.

By the way nobody really thinks the Ryan plan was a real plan. The House knew it had a 0% chance of passing so Republicans just used it to show how conservative they can be without actually having to be responsible for anything. Or are you saying about 100% of House Republicans are really standing up and telling seniors in their district that they need to pay more for their Medicare?

 

[mercury14]

as a indicator how low will the DOW go today?

will the DOW dip below 10,000 today?

DOW futures showing 175 to the downside opening this morning. S&P hovering close to 1100, get ready.

Good call bro.

Dow: +.35%
NASDAQ: +1.12%

 

[koalabear]

Bullshit, there isn't even a comparison between the insults and outright disrespect from the Left and the right on this board. There are two Righties who rarely even participate in the conversation. Both miles and Koala rarely add anything to a conversation. Not that miemie is worlds better but at least you occasionally say something. So yeah.

As for Bill oh well. So he disagrees with Obama's decision. It's honestly not the best plan in the world but we wanna talk about the debt. We shouldn't be, we shouldn't be even acknowledging it for the most part right now but we are so we'll work on solving that economy be damned.

http://i305.photobucket.com/albums/nn233/koalabear_photo/MSN-Emoticon-sad-182.gif

 

[mercury14]

koalabear
This message is hidden because koalabear is on your ignore list.


I'm sure you made a good call today too.

 

[koalabear]

koalabear
This message is hidden because koalabear is on your ignore list.


I'm sure you made a good call today too.

You know I did, have a twinkie and smile, MORON.

 

[unregistered]

 

[mercury14]

Democrats don't want to face reality Merc, plain and simple, they don't want to acknowledge the last election. They are killing the country.

Reality is not the Ryan plan.

Reality is not "no revenue increases, ever" as per the Republican pledge.

Reality is not "no compromise, ever".


Not seeing a lot of reality in the Republican/Tea Party position right now, are you?

 

[unregistered]

 

[miles]

Originally Posted by Sean Renaud

We shouldn't be, we shouldn't be even acknowledging it for the most part right now but we are so we'll work on solving that economy be damned.

The man is fluent in gibberish.

Can someone conjugate that sentence?

 

[mercury14]

Your reality is bankruptcy and national failure, Communism or failure.

What's my position on balancing the budget?

 

[4est_4est_Gump]

Cus that would be stupid. It's working and the technology is growing at an increased pace.

Besides talking about cuts to anything to pay for disaster relief is damn near cartoon level evil. Like whoever is doing this should make sure to curl their mustache and wish me a bad day and say bad bye when they leave the room. But hey it's Texas that's on fire so I don't honestly care if they ever get relief, those guys are all independent and small government. If you think a small government is best you should live by it.

President Barack Obama will raise money in early October with a Missouri businessman whose company benefited from a $107 million federal tax credit to develop a wind power facility in his state.

Tom Carnahan, a scion of Missouri’s most prominent Democratic political family, is listed on Obama’s campaign website as a host of a $25,000-per-person fundraiser to be held in St. Louis on October 4.

His energy development firm, Wind Capital Group, was helped by a sizable credit authorized in the stimulus, for an energy project in northwest Missouri.

Read more: http://www.politico.com/news/stories/0911/64276.html#ixzz1Yrt82gID

Yeah it works. It creates jobs in China and Scandanavia and has yet to deliver any significant amount of power...

 

[4est_4est_Gump]

Reality is not the Ryan plan.

Reality is not "no revenue increases, ever" as per the Republican pledge.

Reality is not "no compromise, ever".


Not seeing a lot of reality in the Republican/Tea Party position right now, are you?

Please show us the reality in any Democrat proposals. All they ever do is call for more spending, more taxes, and no new compromises...

This is not the first time, for example, that President Obama has presented a political budget to please his core base that even his own party will not pass, a reality that no one can avoid seeing, especially the markets and the business community.

 

[RobDownSouth]

What's my position on balancing the budget?

Vetty's getting to be almost as good as AJ at ascribin' positions to people, then criticizin' them for "their" beliefs.

 

[4est_4est_Gump]

To the electors of the Department of the Landes:

t is above all the moderation which plays a role in this army of sophisms.
Everyone wants moderates at any price; we fear extremists above all … since the center is definitely between the right and the left, we conclude that this is where moderation lies.

Were those who each year voted for more taxes than the nation could bear moderates? What about those who never found the contributions to be sufficiently heavy, emoluments sufficiently huge, and sinecures sufficiently numerous … the betrayal of the confidence of their constituents.…

And are those who want to prevent the return of such excesses extremists? I mean those who want to inject a dose of moderation into spending; those who want to moderate the action of the people in power … those who do not want the nation to be exploited by one party rather than another.…

[T]he government … tends strongly to … expand indefinitely its sphere of action. Left to itself, it soon exceeds the limits which circumscribe its mission. It increases beyond all reason … It no longer administers, it exploits.… It no longer protects, it oppresses.

This would be the way all governments operate … if the people did not place obstacles in the way of governmental encroachments.

[L]iberty should not be bargained over … it is an asset so precious that no price is too high for it.…

[P]rodigality and liberty … are incompatible.

But where can there be liberty when the government, in order to sustain enormous expenditures and forced to levy huge fiscal contributions, must resort to the most offensive and burdensome taxation … to invade the sphere of private industry, to narrow incessantly the circle of individual activity, to make itself merchant, manufacturer, postman and teacher.… Are we free if the government … subjects all its activities to the goal of enlarging its cohort of employees, hampers all businesses, constrains all faculties, interferes with all commercial exchanges in order to restrain some people, hinder others, and hold almost all of them to ransom?

Can we expect order from a regime that places millions of enticements to greed all around the country … increasingly spreading the mania for governing and a zeal for domination.

Do we want then to free government from the plotters who pursue it in order to share out the spoils, from factions who undermine it in order to capture it, and from the tyrants who strengthen it in order to control it? Do we want to achieve order, freedom and public peace?

Do we want the government to take more of an interest in us than we take in ourselves? Are we expecting it to restrain itself it we strengthen it and become less active if we send it reinforcements? Do we hope that the spoils it can take from us will be refused.… Should we expect a supernatural nobility of spirit or a chimerical impartiality in those who govern us, while for our part we are incapable of defending … our dearest interests!

Electors, be careful. We will not be able to retrieve the opportunity if we let it slip … we should not shut our eyes to the evidence … if there has been no material improvement, have we at least then been given any reason for hope? No.

[L]iberty … are we going to destroy its work with our votes?

Frédéric Bastiat

 

[4est_4est_Gump]

When Julie Veilleux discovered she was American, she went to the nearest US embassy to renounce her citizenship. Having lived in Canada since she was a young child, the 48-year-old had no idea she carried the burden of dual citizenship. But the renunciation will not clear away the past ten years of penalties with the Internal Revenue Service (IRS).[1]

Born to American parents living in Canada, Kerry Knoll's two teenaged daughters had no clue they became dual citizens at birth. (An American parent confers such status on Canadian-born children.[2] ) Now the IRS wants to grab at money they earned in Canada from summer jobs; the girls had hoped to use their RESPs (registered education savings plans) for college.[3]

The IRS is making a worldwide push to squeeze money from Americans living abroad and from anyone who holds dual citizenship, whether they know it or not. It doesn't matter if the "duals" want US status, have never set foot on US soil, or never conducted business with an American. It doesn't matter if those targeted owe a single cent to the IRS. Unlike almost every other nation in the world, the United States requires citizens living abroad to file tax forms on the money they do not owe as well as to report foreign bank accounts or holdings such as stocks or RSSPs. The possible penalty for not reporting is $10,000 per "disclosed asset" per year.

Thus, Americans and dual citizens living in Canada (or elsewhere) who do not disclose their local checking account — now labeled by the IRS as "an illegal offshore account" — are liable for fines that stretch back ten years and might amount to $100,000. A family, like the Knolls, in which there are two American parents and two dual-citizen children, might be collectively liable for $400,000.

Approximately 7 million Americans live abroad. According to the IRS, they received upwards of 400,000 tax returns from expatriates last year — a compliance rate of approximately 6 percent. Presumably the compliance of dual-citizen children is far lower. Customs and Immigration is now sharing information with the IRS and, should any of 94 percent expats or their accidentally American offspring set foot on US soil, they are vulnerable to arrest.

...

Going after the college money earned by children born and raised in Canada (or elsewhere) is just one part of the international enforcement effort. The entire package is called the Foreign Account Tax Compliance Act or FATCA; it was a revenue-raising provision that was slipped into one of Obama's disastrous stimulus bills. Starting in 2013 — or 2014 if an exemption is granted — every bank in the world will be required to report to the IRS all accounts held by current and former US citizens. If account holders refuse to provide verification of their non-US citizenship, the banks will be required to impose a 30 percent tax of all payments or transfers to the account on behalf of the IRS. Banks that do not comply will "face withholding on U.S.-source interest and dividends, gross proceeds from the disposition of U.S. securities, and pass-through payments."[5]

Australia and Japan have already declared their refusal to comply. Canada's Finance Minister Jim Flaherty has publicly stated that the proposed American legislation "has far-reaching extraterritorial implications. It would turn Canadian banks into extensions of the IRS and would raise significant privacy concerns for Canadians."[6]

...

Expat Americans and children — a.k.a. dual citizens — will be caught in the indiscriminate steel net that the IRS wants to throw around the globe. Their innocence or ignorance will not matter. The IRS wants money. If expats and duals do not owe money from their earnings, then the IRS will pursue obscure reporting requirements and apply them to people who did not even know they were American. It will try to yank their college funds and drain their parents' retirement savings.

They can renounce their American citizenship but that is an imperfect solution. For one thing, it does not immunize them from the past ten years of nonreporting. For another, following the United States' "exit" sign takes many people directly through the Treasury Department where they may be required to pay a brutal one-time exit tax. Basically, for those with more than $2 million dollars in assets, the tax comes to $600,000.

Moreover, renunciation is a difficult process. The Globe and Mail is one of many Canadian newspapers now explaining to readers how they can renounce American citizenship. G&M states,

Renouncing your U.S. citizenship starts with a hefty fee — $450 (U.S.), just for the chance to appear in front of a consular official. Need it done in a hurry? Forget about it. It can take about two years to get an appointment.[9]

http://mises.org/daily/5666/The-Attack-on-Accidental-Americans
__________________
They become apt to take because they wish to spend and cannot do this easily; for their possessions soon run short. Thus they are forced to provide means from some other source. At the same time, because they care nothing for honor, they take recklessly and from any source.
Aristotle

 

[koalabear]

Good news.....

The market is stable today.

 

[eyer]

The market is stable today.

Prime evidence that the best thing for some things is to do absolutely nothing...

 

[mercury14]

Please show us the reality in any Democrat proposals. All they ever do is call for more spending, more taxes, and no new compromises.

Reality is not what you just typed.

 

[Ulaven_Demorte]

Reality is not what you just typed.

Compromise, in the mind of "conservatives" and "Not Republicans" like Cap'n Gump here is defined as "not capitulating completely to the demands of the 'conservatives'."

 

[koalabear]

Reality is not what you just typed.

A subject you know little about, colonel maintenance twinkie, MORON

 

[RightField]

http://mises.org/daily/5666/The-Attack-on-Accidental-Americans
__________________
They become apt to take because they wish to spend and cannot do this easily; for their possessions soon run short. Thus they are forced to provide means from some other source. At the same time, because they care nothing for honor, they take recklessly and from any source.
Aristotle

Good thing Obama is "investing" more money in the IRS so they can "liberate" citizens from their money as effectively as possible. (is that liberal logic or what!)