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Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: koan who wrote (7126)	1/19/2012 10:58:29 PM
From: Bill	7 Recommendations Read Replies (1) \| Respond to of 85487

That's a bogus excuse. This administration passed whatever they wanted, including that dreadful Obamacare, when they had control of both houses. Without a single republican vote. Face it, your twit of a president backstabbed you on raising taxes and now has made a sucker of you for blaming it on republicans.

To: koan who wrote (7126)	1/19/2012 11:33:40 PM
From: Fiscally Conservative	Read Replies (1) \| Respond to of 85487

Financial Depression will follow shortly. The financial playbook put into motion by Wall St has doomed entire Western economies; payback's a Bitch ;)

To: koan who wrote (7126)	1/19/2012 11:55:35 PM
From: Thehammer	2 Recommendations Respond to of 85487

We are in a time like 1929 when so many are suffering and need help and the righ wing jsut thumbs their noses at them. Just like Hoover did! Think if you go back and check the record you will find that Hoover tried many things to fight the depression that are the same policies that Obama wants including: 1) Jobs programs, 2) the largest tax increase on the rich to date " To pay for these and other government programs and to make up for revenue lost due to the Depression, Hoover agreed to roll back previous tax cuts his Administration had effected on upper incomes. In one of the largest tax increases in American history, the Revenue Act of 1932 raised income tax on the highest incomes from 25% to 63%. The estate tax was doubled and corporate taxes were raised by almost 15%." 3)" Lee Ohanian, from UCLA, has argued that Hoover adopted pro-labor policies after the 1929 stock market crash that "accounted for close to two-thirds of the drop in the nation's gross domestic product over the two years that followed, causing what might otherwise have been a bad recession to slip into the Great Depression" 4) Franklin D. Roosevelt blasted the Republican incumbent for spending and taxing too much, increasing national debt, raising tariffs and blocking trade, as well as placing millions on the dole of the government. Roosevelt attacked Hoover for "reckless and extravagant" spending, of thinking "that we ought to center control of everything in Washington as rapidly as possible." [54] Roosevelt's running mate, John Nance Garner, accused the Republican of "leading the country down the path of socialism". [55] 5) Many Economists now argue that FDR's policies (like those of Hoover) prolonged the Depression by 8 years.