Well...we agree on Trump - egotistical asshole that he is...:thumb:. I think we probably agree on the worst issue too...more on that later...
The mere fact that you can take Palin seriously tells me where you sit. Anyone in the middle or left cannot take a word she says seriously. Hell, any woman with a brain won't take her seriously. A "thinking" :lol: conservative...are you one bit serious? I have listened to her...she my friend is a blowhard. Has she ever had an original idea? Better yet, has she found Russia yet? Or is she still too busy trying to figure out how her abstinent teen got pregnant? Or trying to find ways to screw the Alaskan taxpayers out of more money?
You mean the deficit generated by Dubya/Cheney, that deficit? You do recall that Clinton handed Bush a surplus, correct? And you are not going to begin to blame the inherited deficit on Obama, 2 years into his term...are you? Nor can you even begin to state that anyone could have cleared up that mess in 2 years...right???
I believe the most pressing problem in this country is still the economy. The same economy that was driven into the tank by the greedy getting greedier...that economy. More, more, more....give me more. That is the biggest problem in our country. Factors contributing include the lack of fiscal constraint by both sides of the aisle; poor decisions dating back to administrations from both sides; obscene profits made by oil companies; the tax breaks given to corporations and the rich; the broken health care industry...and more.
Take a look at all the facts DD. BTW, a discussion on the theories of Freidman and Keynes will get us where? Because as you probably know...theory can be twisted in many ways to suit many arguements...lawyers and politicians do it for a living...
.
You are one big stream of liberal talking points. There's nothing original or factual in your monologue Jman.
I will just take a few of your comments - because this thread is about Arnold.
Jman says:
"obscene profits made by oil companies"are part of the problem. Fact - the Federal tax on Gasoline is higher than the profits made by the Oil companies. The Federal Tax is 18.4 cents per gallon. The profit margin for oil companies is 6.2 percent. They rank 114 out of 215 industries:
http://www.dailymarkets.com/economy/2011/05/12/oil-industry-profit-margin-ranks-114-out-215/
Jman says:
"the tax breaks given to corporations and the rich" are part of the problem. Did you know Jman that 1/2 of the American people pay 0 Federal tax. The other half pay ALL of the FEDERAL TAXES.
Did you know Jman that the US Corporation tax is 35 percent, ranked the 5th highest in the world. Canada's tax rate was cut to 29 percent and the effective rate is 20 percent. Many countries are lowering corporate tax rates to entice international companies to build plants and offices in their countries so they can compete with the global marketplace in wages and taxes. You and Obama are going in the opposite direction with the world.
http://seekingalpha.com/article/257977-high-u-s-corporate-tax-rate-a-barrier-to-economic-growth
Jman says:
"You do recall that Clinton handed Bush a surplus, correct? And you are not going to begin to blame the inherited deficit on Obama, 2 years into his term...are you? Nor can you even begin to state that anyone could have cleared up that mess in 2 years...right???"
I have written this here before. Clinton added 1.4 Trillion to the Natinoal Debt. What surplus, Jman?
http://www.craigsteiner.us/articles/16
Fiscal
Year Year
Ending National Debt Deficit
FY1993 09/30/1993 $4.411488 trillion
FY1994 09/30/1994 $4.692749 trillion $281.26 billion
FY1995 09/29/1995 $4.973982 trillion $281.23 billion
FY1996 09/30/1996 $5.224810 trillion $250.83 billion
FY1997 09/30/1997 $5.413146 trillion $188.34 billion
FY1998 09/30/1998 $5.526193 trillion $113.05 billion
FY1999 09/30/1999 $5.656270 trillion $130.08 billion
FY2000 09/29/2000 $5.674178 trillion $17.91 billion
FY2001 09/28/2001 $5.807463 trillion $133.29 billion
Plus, Clinton had a Republican Congress in his last term:
http://home.adelphi.edu/sbloch/deficits.html
The Bush Deficit was averaging 500 billion a year until the last year which included the Bailout. There is no excuse for it. Obama did inherit that deficit. But he has not slowed down. The deficits for 2010 and 2011 have equaled 2009. Our debt from the end of Bush's term plus an additional 8 months (Obama's first 8 months) is now 20 percent more, 11.9 Trillion to 14.29 trillion.
The fiscal meltdown was not the fault of Bush and Cheyney. It was a combination of the Housing Redevelopment act, enforced at the end of the Clinton Administration by Janet Reno and Andrew Cuomo, the poor lending standards by Fannie Mae and Freddie Mac and the rest of the loan industry, and the ridiculously low interest rates held by Alan Greenspan. Yes, banks, realtors, agents, and individuals joined in the making of the bubble. But they did not start the fiasco. We are still paying for this mess today. Bush warned about Fannie and Freddie in 2001 and 2003. Unfortunately, Bush rode the housing boom politically and gave up on the warnings. Barney Frank called the warnings exaggerations. McCain sponsored a bill that would have regulated the agencies. Obama did not vote on the bill when he was Senator. See the following youtubes.
http://www.youtube.com/watch?v=_MGT_cSi7Rs
http://www.youtube.com/watch?v=cMnSp4qEXNM&feature=related
There is one lesson only. You can't loan money to people who don't have the means to pay it back. You can't force banks to loan to people who don't have the means to pay it back. You can only encourage people to save in order to get the credit to buy and encourage people to learn trades and go to school to afford to buy a house. And you cannot create an artifical market of million dollar homes and allow people who can only afford $200,000 houses to buy them.
Yes, a discussion of Keynes and Friedman is needed. They at opposite ends of the spectrum. Keynes theory says you can manage the deficits. Austrian economics, which what Friedman was, says deficits will be your doom. Friedman was a liberterian by the way, and a fiscal conservative.
How are you going to respond? With intelligent conversation, or more liberal talking points?