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CBO predicts recession for next year? Did we

Posted: Aug 23, 2012

Obama has sunken us deeper. But that is what he wants. He wants us to be like a third world country. He says the majority of people in third world countries are worse off than the poor in this country. He wants "equality for all". Damn Communist.

;

Forbes article. Please read before you cast your ballot. - Aunt Sue

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Obama's failures don't improve with age.

Link below

Can you tell me what the Republicans have done to help improve economy? - nm

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Why must you deflect? Can you just admit Obama is a failure? - Why is it so hard? (sm)

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Are y'all embarrassed because you thought he was going to be so great? He was only a community organizer. He voted "present" many times as a State senator. He had no experience running anything. We don't even know how his grades were in school. That was kept hidden. Y'all voted for him anyway. Was it because you wanted to help make history electing a biracial president? To "make up" for your guilt over our ancestors' behavior and maybe even our own? Whatever the reasons you voted for him, you've been misled. He has not helped our country. Why can't you just admit it?

I did not think you would have answer but I though I would try anyway. - nm

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but the bit about guilt over our ancestors' behavior - was colorful

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Excuse me. Let's not pretend GOP congress - played no role in

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our upcoming New Year's Eve plunge off the fiscal cliff. They're the ones who backed themselves into their own corner on looming tax hikes, debt reduction grandstanding and bully tactics that produced wildly unrealistic Pay-go spending cuts that will trigger this predicted recession.

There's a plan in place that extends tax cuts for all those making less than $250,000. Once enacted, the cliff disappears and goes the way of the previously predicted millennium clock hysteria. But nooooooooo. If uber babies don't get theirs, we all go down with the ship.

I hear McConnell is getting nervous about the sudden emergence of democratic backbone on this issue. Dem camp messaging tells us they are thoroughly prepared to stand their ground and let the plunge occur. McCottle has failed so far in coming up with a Plan B Hail Mary pass, since the bully tactics failed to make their mark. They thought the threat of recession would beat the dems into submission, but the tables have turned and they are now running scared from their own self-inflicted miscues.

It's possible the October surprise will be an 11th hour GOP Congressional cave-in to President Obama's thoroughly workable plan, in a desperate, last ditch-effort to paint the GOP as transparently phony, compromising white-horse chargers, who rode in to save the day, just in time for the election.

Correct, and the UE rate will reach 9% unless Congress does - oldtimer

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the right thing and prevents us from going over the cliff.

The right thing is cave to the Marxist? - I think not.

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n.

No, the right thing to do is to continue the tax cuts...sm - oldtimer

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for families earning under $250,000 a year and discontinue them for the people earning more.

Why $250,000? - SK

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Why is $250,000 the dividing line? What makes that significant?

Don't know but I personally think it is too generous. - nm

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.

It has to do with the numbers of people affected - by W-cuts phaseout.

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This designation has to do with the current tax-bracket structures. It's always been the line Obama draws around the middle class. It is also affected by the small business demographic, where the majority of them fall below that group. Personally, I do not consider individuals making a quarter-million as middle class.

Thank you. - SK

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I probably should have sought that info myself, but the lazy one in me is grateful for your help. :)

NP. My reply was just as lazy, - off the top of my head. nm

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nm

So you think it was a game?? Why can't (sm) - nm

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people get it through their heads, the American people do not want the debt ceiling raised. They don't want any more spending!!! It was not a game by the republicans. Still isn't.

The last GOP prez to reduce debt was Eisenhower; Nixon was last one - to balance the budget.

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Ryan's plan would have us wait until he's 80 before any of that happens. Meanwhile the uber tax cuts become permanent. I seem to recall the American people weren't all that crazy about the credit downgrade.

I'll not be going down the word-salad parse path this morning with concrete thinkers suffering from metaphor allergies. I'm much more interested in hearing why the GOP is determined to push us all over the precipice and their explanation as to what their alleged "better offer" REALLY looks like in the light of day. So far, all I've seen is a wide pass and an impressive full-field run toward the lying-their-behinds-off end-zone.

Interesting. I didn't know that. - nm

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.

Even more interesting - is how Eisenhower did that.

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During Eisenhower's administration, the marginal tax rate on regular income over $400,000 ranged between 91% - 92%. Maximum tax rate on long-term capital gains was 25%. This was a carry-over policy from Truman that he did not change. That's what makes this real-time GOP caterwauling over returning to Clinton's 39% max (still a low rate when put into historical perspectives) so absurd.

BTW, I picked up these two tidbits this morning from the Bill Press news show on Current TV (Gore's channel). He had an anchor sub on there, John Fuselsang, who will be getting a daytime slot on Current soon (not sure when). Loved his format. He's a gifted comedian brimming over with all kinds of useful info, entertaining as Jon Stewart but a lot more informative. His Jesus Was a Liberal segment on Biblical ProChoice passages was awesome.

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