More bad news....

[Lucky... 0]

Dow went to 11k and held the day after. Slow, constant gorwth, the mark of a healing economy. Sorry R's, hard to claim the sky is falling now. All you can hope for now is a disaster that hurts America somehow.

[marks2065 0]

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Dow went to 11k and held the day after. Slow, constant gorwth, the mark of a healing economy. Sorry R's, hard to claim the sky is falling now. All you can hope for now is a disaster that hurts America somehow.

we still have the debt to pay and that will be a long hard road. by 2018 the interest will be almost a trillion dollars a year, almost 30% of the budget passed last year. the interest alone would have paid for the health insurance bill for ten years, or the wars or the road projects, or the retirements of most on soso security.

[riddler 0]

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we still have the debt to pay and that will be a long hard road.

Jobs are the biggest short-term issue, and need to be addressed now, to sustain any growth.

Debt is the biggest long-term issue in the country, and needs to be addressed in the next few years. Attached graph shows how we got into the mess.

The good news is that taxpayers are paying some of the lowest taxes they have in the last 50 years.

http://www.cbpp.org/cms/index.cfm?fa=view&id=3151&emailView=1

Obama said he would cut taxes for the majority of Americans and he did.

Trapped on the surface of a sphere. XKCD

[rushmc 23]

If and when this one starts to turn you may have a point
But until then

http://finance.yahoo.com/news/Jobless-claims-jump-in-rb-505686255.html?x=0&.v=1

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[airdvr 210]

Foreclosure rates surge, biggest jump in 5 years
http://www.builderonline.com/distressed-assets/foreclosure-rates-surge-biggest-jump-in-5-years.aspx

Excellent news. Maybe these folks can get in on the bubble.

Please don't dent the planet.

Destinations by Roxanne

[tr027 0]

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Excellent news. Maybe these folks can get in on the bubble.

Don't forget this bit of upbeat news: http://www.cagw.org/newsroom/releases/2010/earmark-spending-165.html

our elected officials serving the people, as usual.

"The evil of the world is made possible by nothing but the sanction you give it. " -John Galt from Atlas Shrugged, 1957

[rushmc 23]

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Excellent news. Maybe these folks can get in on the bubble.

Don't forget this bit of upbeat news: http://www.cagw.org/newsroom/releases/2010/earmark-spending-165.html

our elected officials serving the people, as usual.

HEY!!! The stock market is up
That is all that counts for the little people

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[Rookie120 0]

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Obama said he would cut taxes for the majority of Americans and he did.

What tax did he cut???????????

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The good news is that taxpayers are paying some of the lowest taxes they have in the last 50 years.

I dont know what liberal fantasy land your in. Add up property, state, federal, SS, MC, fuel tax, city or country tax, sales and every other thing they throw in there and how can you say we pay some of the lowest in 50 years?

If you find yourself in a fair fight, your tactics suck!

[pirana 0]

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Obama said he would cut taxes for the majority of Americans and he did.

What tax did he cut???????????

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The good news is that taxpayers are paying some of the lowest taxes they have in the last 50 years.

I dont know what liberal fantasy land your in. Add up property, state, federal, SS, MC, fuel tax, city or country tax, sales and every other thing they throw in there and how can you say we pay some of the lowest in 50 years?

Yes, easy enough to pick out one piece of the equation and make misleading points. In the big picture, my estimate is that I pay about 40 to 45% of my gross income in taxes. Strictly personal opinion, and just coming from a gut level, but I think there ought to be a cap of something like 1/3rd on individuals. No person should have to fork over more than a third of their earnings.

" . . . the lust for power can be just as completely satisfied by suggesting people into loving their servitude as by flogging them and kicking them into obedience." -- Aldous Huxley

[rushmc 23]

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Obama said he would cut taxes for the majority of Americans and he did.

What tax did he cut???????????

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The good news is that taxpayers are paying some of the lowest taxes they have in the last 50 years.

I dont know what liberal fantasy land your in. Add up property, state, federal, SS, MC, fuel tax, city or country tax, sales and every other thing they throw in there and how can you say we pay some of the lowest in 50 years?

What they are calling cuts are really one time targeted tax rebates

Playing loose and easy with terms here

"America will never be destroyed from the outside,
if we falter and lose our freedoms,
it will be because we destroyed ourselves."
Abraham Lincoln

[rehmwa 2]

random aside -

I think my favorite comments made in these forums is when Guy A congratulates Guy B for being 'open minded' - defined by Guy A as when Guy B acknowledges Guy A's unyielding position

...
Driving is a one dimensional activity - a monkey can do it - being proud of your driving abilities is like being proud of being able to put on pants

[airdvr 210]

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Obama said he would cut taxes for the majority of Americans and he did.

What tax did he cut???????????

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The good news is that taxpayers are paying some of the lowest taxes they have in the last 50 years.

I dont know what liberal fantasy land your in. Add up property, state, federal, SS, MC, fuel tax, city or country tax, sales and every other thing they throw in there and how can you say we pay some of the lowest in 50 years?

Wow...you have to pay motorcycle tax too?

Please don't dent the planet.

Destinations by Roxanne

[Rookie120 0]

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Wow...you have to pay motorcycle tax too?

Well-----------Yeah, sales tax, registration. So yeah it is taxed.

If you find yourself in a fair fight, your tactics suck!

[DrewEckhardt 0]

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Obama said he would cut taxes for the majority of Americans and he did.

What tax did he cut???????????

Income tax via:

- The home buyer credit ($8000 for first time home buyers, $6500 for repeats)

- The American Opportunity Credit (100% of qualified secondary education expenses (in the first four years) for yourself or a dependent up to $2000, 25% of the next $2000, 40% refundable for low income individuals, and cut-off at $90,000 modified adjusted gross income for singles and $180,000 for couples)

- The Making Work Pay Tax Credit (6.2% of earned income up to $400 for singles and $800 for couples phased out by 2% of income over $75,000 for singles and $150,000 for couples)

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The good news is that taxpayers are paying some of the lowest taxes they have in the last 50 years.

I dont know what liberal fantasy land your in. Add up property, state, federal, SS, MC, fuel tax, city or country tax, sales and every other thing they throw in there and how can you say we pay some of the lowest in 50 years?

The bigger issue is that government policies have inflated housing and education costs substantially over the previous decades. Being able to own a house, attend school, and retire sometime isn't practical for as many people as it used to be.

[Lucky... 0]

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we still have the debt to pay and that will be a long hard road.

We have always had a debt since before we were a nation. Having a debt isn't a big deal, having it blown out is; >8T of the 10.6 inherited by Obama was under Reagan, Bush, Bush - that was teh problem. Then Obama inherited a mess that required bank bailouts signed under GWB and a stimulus to avoid the 2nd GD. The biggest problem now and since 08 is the fact that gov receipts are ultra-low, that is the bulk of the reason we have seen such large debt increases rather than spending.

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by 2018 the interest will be almost a trillion dollars a year, almost 30% of the budget passed last year.

Yep and who blew it up? Reagan, Bush, Bush.

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the interest alone would have paid for the health insurance bill for ten years, or the wars or the road projects, or the retirements of most on soso security.

OK, and what's your answer? Tax cuts, my friends? If so, show me where it's worked that lower taxes has led to a decrease in the debt or at least a balancing of it. Oh, you can't? The answer, after the recession is stabilized, is for hefty tax increases, top brkt 40-50% minimum.

Is the answer to cut spending? OK, where? Military? You wouldn't like that, but that is the answer. We spend enough socially, we just spend it incorrectly. Doctors earn so much that the result is that 30M people get left out and those with ins get marginal care for their buck. We need more competition via gov intervention to bring those hefty wages down as with most other industries.

[Lucky... 0]

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Jobs are the biggest short-term issue, and need to be addressed now, to sustain any growth.

Agreed, however we can do HC simultaneously.

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Debt is the biggest long-term issue in the country, and needs to be addressed in the next few years. Attached graph shows how we got into the mess.

It doesn't show us how we specifically got into the mess, it shows us who got us into the mess. Tax cuts and massive spending is how we got into the mess.

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The good news is that taxpayers are paying some of the lowest taxes they have in the last 50 years.

The title reads:

Federal Income Taxes on Middle-Income Families at Historically Low Levels

Actually taxes are lower for everyone, mostly the very rich. And BTW, how is that good news? When taxes are low, bad things happen.

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Obama said he would cut taxes for the majority of Americans and he did.

He did, I must have missed any modification to the tax tables by Obama. He hasn't done a thing with the taxation yet, he plans on letting GWB's 10-year reconcilliation tax cuts die with the exception of MC and lower people. I hope he and congress raise taxes after that, but I don't see it.

[Lucky... 0]

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If and when this one starts to turn you may have a point
But until then

http://finance.yahoo.com/news/Jobless-claims-jump-in-rb-505686255.html?x=0&.v=1

I didn't say everything is peachy, I was merely illustrating that numbers are spinning to the + side and that is bad news for conservatives who want Obama and the US to fail.

[Lucky... 0]

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Foreclosure rates surge, biggest jump in 5 years
http://www.builderonline.com/distressed-assets/foreclosure-rates-surge-biggest-jump-in-5-years.aspx

Excellent news. Maybe these folks can get in on the bubble.

Obama, with his policies can only fix one mess at a time, but with your fascist American protocol, we have to restore the billionaires, then the millionaires first.

[Lucky... 0]

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Excellent news. Maybe these folks can get in on the bubble.

Don't forget this bit of upbeat news: http://www.cagw.org/newsroom/releases/2010/earmark-spending-165.html

our elected officials serving the people, as usual.

Doesn't have anything to do with the recovery; that is the thread title btw. 16B in this age is, unfortunately nothing. 700B bank bailout, 787B stimulus, years of 600B/yr military operating budget, Iraq/AFG war cost >1T..... 16 B just doesn't show up on the radar.

[Lucky... 0]

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What tax did he cut???????????

He didn't and I hope he doesn't.

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I dont know what liberal fantasy land your in. Add up property, state, federal, SS, MC, fuel tax, city or country tax, sales and every other thing they throw in there and how can you say we pay some of the lowest in 50 years?

Really?

http://en.wikipedia.org/wiki/Income_tax_in_the_United_States

Taxes have only been lower as we entered the Great Depression and at the end of the Reagan/Bush disaster since WWI.

[Lucky... 0]

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Obama said he would cut taxes for the majority of Americans and he did.

What tax did he cut???????????

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The good news is that taxpayers are paying some of the lowest taxes they have in the last 50 years.

I dont know what liberal fantasy land your in. Add up property, state, federal, SS, MC, fuel tax, city or country tax, sales and every other thing they throw in there and how can you say we pay some of the lowest in 50 years?

Yes, easy enough to pick out one piece of the equation and make misleading points. In the big picture, my estimate is that I pay about 40 to 45% of my gross income in taxes. Strictly personal opinion, and just coming from a gut level, but I think there ought to be a cap of something like 1/3rd on individuals. No person should have to fork over more than a third of their earnings.

Taxes are historically very low thx to Fascist Ronnie and the ignorant American picture that they should be low. When taxes are low, bad things happen.

[Lucky... 0]

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The bigger issue is that government policies have inflated housing and education costs substantially over the previous decades.

As for education, under Clinton it was very affordable, it only skyrocketed after GWB, I assume due to funding cuts.

As for housing increases, that was a private matter; I don't see how gov intrusion did that.

[chuckakers 426]

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Dow went to 11k and held the day after. Slow, constant gorwth, the mark of a healing economy. Sorry R's, hard to claim the sky is falling now. All you can hope for now is a disaster that hurts America somehow.

It's not growth, it's recovery. And it's far from constant.

You - like many of the sheople - are failing to look at economic fundamentals. The stock market and the economy are not the same thing, nor do they move up/down for the same reasons. The shit that got us here hasn't been repaired, and longstanding economic improvement won't happen until it is.

Besides, it's not just the current state of the economy that has the "R's" upset. It's the marxist takeover of industries and the redistributive policies of the administration that most of them are pissed about. And there's a lot of "D's" and most every "I" and "L" that are pissed too.

Chuck Akers
D-10855
Houston, TX

[Belgian_Draft 0]

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Taxes are historically very low thx to Fascist Ronnie and the ignorant American picture that they should be low. When taxes are low, bad things happen.

So the government taking more of peoples money = better, taking less = worse.

Got it.

There are several countries you can move to that will take a very large chunk of your income and provide you with what they think you need in return. That should make you happy.
My offer to help you move is still open. That would make a lot of us VERY happy.

HAMMER:
Originally employed as a weapon of war, the hammer nowadays is used as a
kind of divining rod to locate the most expensive parts adjacent the
object we are trying to hit.

[Lucky... 0]

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It's not growth, it's recovery. And it's far from constant.

GDP going from a a 'shrinkage' from -6.4% to +5.6% is growth, don't know how that isn't. The recovery IS the change from shrinkage to + growth; how is that difficult for you to grasp?

The market has constantly grown from a low of 6500 to > 11000; how is that not growth?

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You - like many of the sheople...

It's sad that since you cannot make an argument that you must PA.

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...are failing to look at economic fundamentals....

Oh, fundamentals like supply and demand or fundamental indexes like the DJIA, NASDAQ, S&P, Unemp via the BLS, GDP per the BEA / Dept of Commerce. I think I am.

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The stock market and the economy are not the same thing, nor do they move up/down for the same reasons.

Agreed, the DJIA is just a part of the macro-picture. When has the economy done well as the DJIA has substantially shrunk? Never than I can think of. The DJIA has done well as the economy has sucked, but in order for the economy to do well, the market must lead. So just because the market is doing well doesn't automatically mean the economy will do well, but in fascist capitalism we must restore the very rich before the rest can do well.

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The shit that got us here hasn't been repaired, and longstanding economic improvement won't happen until it is.

Yes, I know, we need to cut taxes. Of course it hasb't been repaired, your hero sat back with rose-colored glasses thinking all was well, mine has taken measures to repair this with + results. But as fickle as the politics are, the best we can get is a little relief in a Democracy with presidents turning over as such often intervals. Take your party with that fascist pig fucking things up badly, thne his successor trying in small form to fix things; basically 12 years of hell, then 8 years of relief with Clinton, then 8 years of more hell with your hero. So to look for permanent change is optimistic, esp with on eside really bad at math and history chanting, "It's not fair." Hell, even Andrew Jackson dropped the debt to 0 or to 75M, I've read both and believe the latter. Either way, he fixed and some othe ryahoos fucked it all up. So to look for a permanent fix is to not understand politics. Obama has given us relief.

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Besides, it's not just the current state of the economy that has the "R's" upset.

No but it has to stay in the toilet that your hero stacked with shit in order to prove you and yours right. You and yours are being proven wrong everyday, from teh party who gave us, 'you guys are just whiners about this economy.'

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It's the marxist takeover of industries and the redistributive policies of the administration that most of them are pissed about.

So were you pissed with Eisenhower too? Taxes were left in the 90%'s during his time; was he a redistributionist? Taxes are now in the 35% top brkt, Obama wants to bring them to 40% and you act like that's high. Talk about whiners where is McCains's foul-mouthed aid now?

To compare Obama's policies to Carl Marx other than as a metaphor is a joke. As for industries, the auto industry was about to fail, our #5 product, that would kill our limited manuf base if we let it fall. And your hero appropriated and dolled out about 1/2 the bank bailout money, some 300Bish has been recovered under Obama, so you point falls flat again.

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And there's a lot of "D's" and most every "I" and "L" that are pissed too.

Glad you can speak for them, it isn;t as many as you think. Furthermore, the ones that are pissed are pissed at the banks for being irresponsible. Not to mention the hypocrites that are part of the foreclosure mess that bitch at TARP. They would also bitch if Obama watched us roll into the GD II as your hero was doing.