Politics STEVE BANNON PUSHING FOR 44 PERCENT MARGINAL TAX RATE ON THE VERY RICH

To be fair, I think the Democrat Congress set stage for the Obama catastrophe.
It was about 2004 when my daughter and her husband had just bought a new home in Raleigh NC. They were telling me about how the prices when up about 30 35 thousand as each street of new homes were completed and sold. The banks were handing out this money as if there were no basis for the value of a dollar. FHA ready loans which the banks sold within six months of closing the deal with the buyers. Of coarse theses loans were the bundled and resold as some sort of paper.

15 years before I was still working with the Fed to get enough info from the Banks daily federal reserve report to keep inflation in the box. I couldn't quite grasp how this system worked any longer.
It didn't, the problem was way larger, due to the largess of the Democrats wanting a house for everyone.

 

OT forums aren't courts of law...they're pubs of opinion....my metaphor is as good as yours any day Denny.....and as it stands, I have serious reservations about the direction of the white house.....unlike any administration before...you want proof.....Trump will give it to you really soon...probably a couple of weeks...that's his aikido response.....surely somebody is comforted in the culture of our administration...I'm just not one of those folks.

 

It's good to agree with you....been awhile

 

Well! Just because we all were screwed , doesn't make it feel good.

 

I don't accuse Trump of crimes....I don't trust him to be truthful or make informed decisions with a clear mind

 

Seems like the kind of shenanigans a libertarian would frown on...

 

Obama cut the deficit by 2/3rds.

Bush's deficit. You know, the guy you voted for...

 

The market that does so well now is a by-product of Obama's willingness to spend, there is no two ways about it.

There were 2 options going forward given the financial disaster Obama got in 2008 - cut all spending and go dark like the Japanese did in 1991 - let the over-leveraged firms fend for themselves - this lead to the Japanese lost decade (which really should be renamed the Japanese lost score) or spend to rebuild by bailing out the firms that provided jobs - which is what Obama did.

Anyone that is happy about the market today - can not be unhappy about the choice of investment instead of stagnation - we have recent history (in economic terms) to show us the difference between choosing to invest in yourself to get yourself out of a crisis (The US in 2008) or choosing to go the other way around (Japan, 1991).

I am not saying that the recovery is cost-free - the US will be paying for it for a long time - but it seems to be in a place where it can probably pay it if it is smart about where it invests going forward (infrastructure instead of war, for example) - where jobs, the economy and the market would have likely been at a much worse place if this investment was not made.

 

Please remember when the republicans took the Recover Act and stripped out a bunch of infrastructure and turned those into tax breaks.

 

But, but, but he has 3 houses...

 

Not to mention a $170K car and a wife who's under Federal Investigation.

What a great socialist he turned out to be....

 

http://www.snopes.com/bernie-sanders-audi-8/

Hehe, Trump fans love re-hashing the same falsehoods when it comes to Bernie. Get new material.

Bernie has a house in Vermont, A lake house in Vermont and condo in DC. He probably bought his first house before your parents were born and has equity out his ears.

Any new info on the wifey?

 

So you admit that he's rich....and we all know he hates rich people.

Sounds like he's a hypocrite to me. But personally, I always knew he was just the same ol' greedy politician that Washington is full of.

 

Bill Gates and Warren Buffett are both rich people who have a clue.

Being rich isn't a bad thing.

 

I know. I'll remember this the next time I hear of someone complaining about Trump's wealth.

 

I don't think people bitch about his wealth much. I think a lot of people know he's a shady business man who succeeded off a "small little loan" of a million dollars in the early 70's.

What I think bothers people more than all that stuff though is the fact that he is a boob who has absolutely no place being anywhere near the oval office.

 

Fair enough. I certainly don't agree with everything he's done or said, but if we had the same election again tomorrow, I'd vote for him again.

Otherwise, the other alternative is not voting at all, which I don't personally condone.

 

I agree with much of what he says. Tax billionaires back to just being multi millionaires for all I care.

However, dude got jobbed by the DNC. They are no better than the Republicans in any way shape or form. We've had Democrats in control for a lot of my life and there were still rich people fucking us over then.