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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: RetiredNow who wrote (44121)	11/9/2008 7:35:08 PM
From: LLCF	1 Recommendation Read Replies (1) \| Respond to of 149317

yea, it's OK to have 'corperate welfare', but not to move to get the middle class back to where they were 20 years ago?? I never understood the backlash against cutting taxes for everyone but the super rich... which you let go back the way they were under Clinton and suddenly you're "socialist"?? Sooooo stupid. hell, I paid 70% TAX on the first million I made... under Reagan. I say make it 50% @ 1/2 million. What's wrong with that?? And why is anyone making under say 40K PAYING ANYTHING??? If you want to stop jobs going to China you don't cut the TOP bracket... you cut the BOTTOM bracket! Duhhhh!! AND YOU GIVE 'EM FREE EDUCATION AND HEALTHCARE!! Then you're competitive. Course the horse it out of the barn... interestingly they noticed the same thing back in the first depression... rich folk were making out like bandits so they socked it to 'em later: en.wikipedia.org DAK

To: RetiredNow who wrote (44121)	11/9/2008 8:59:29 PM
From: tejek	Respond to of 149317

This is getting very disconcerting.... AIG near new bailout deal: Report Speculation grows that government may change terms of federal loan that saved insurance giant from collapse. "Details were still in flux, but under the plan being discussed Sunday night, the government would cut the interest rate AIG is paying and use its authority under last month's $700 billion bailout law to buy $40 billion in preferred shares, the Journal said. The government would also stand behind billions of dollars in credit default swap agreements - essentially insurance contracts that AIG had sold to customers worldwide, according to the Journal. Finally, it would backstop AIG's business of securities lending. The new deal would mark a stunning turn in what has become one of the most controversial Bush administration moves to stem the escalating financial crisis. The company has come under fire by lawmakers and state officials for seeking to make big payouts to former executives and planning pricey corporate events after receiving the federal loans." money.cnn.com

To: RetiredNow who wrote (44121)	11/10/2008 2:36:30 PM
From: Dan B.	Read Replies (3) \| Respond to of 149317

Re: "That doesn't sound socialist to me at all." And what do YOU think socialism is? Obama's desire to "create jobs" will result in public funds flowing to businesses which are gladly willing to take the funds and hire to accomplish projects the government sees fit to "create," with tax money not yet collected, or with more deficits. Re: "Bush has been investing in the rich and rescuing the rich." With Obama's support, yes he has (witness the bailouts past and contemplated). Again however, recall that the rich continued under Bush to pay about the same extra proportion of government tax receipts that they had been prior, under our "progressive" tax system. Re: "moving the focus to strengthening the middle class sounds like eminent good sense at this point in time." If my belief in individual freedom is wrong, perhaps that does make good sense at this point in time. Still, when government spends tax funds to "create jobs (thus determining the course of many lives, the very work a society does, and hence the fate of many of the products available to the people)" it engages in socialism, good thing or not. Dan B.