Quote Originally Posted by Lyle View Post
Kirkland in the 1990's the economy was on the rise and not on the decline.....do we not need people to invest in these companies that are having troubles? Not all of them deserve their low prices.....I may just sink a couple hundred bucks in GE right damn now

We need to be rid of the Capital Gains tax all together.

Sure John Stewart can rip on Jim Cramer because EVERYONE knew the debt ratio of Bear Sterns and it was common knowledge that a business that was at the top of their field since 1923 was going to fold. John Stewart and Stephen Colbert are pretentious assholes who really don't mock news anymore they are news...Chris Matthews and Keith Olberman aren't far off from Stewart just a 100% in the bag for Obama pundit who doesn't care about anything other than riding that wave of fan approval.

Are you sure it's just a coincidence that anyone who says anything negative about Obama is just attacked from all sides

1. Rush, sure he's the opposition but he's not an elected official and doesn't represent any vote against Obama. Neither W nor his people ever attacked Chris Matthews or that fucking prick Keith Olberman.

2. Rick Santelli, he's just a trader or a trader and a guy who is on tv he's irrelevant to Obama but he must have touched a nerve to get called out BY NAME by Robert Gibb who questioned what type of house Santelli has.....WHAT THE FUCK?!?!?! What type of House does Obama have and how much did he end up paying for it, I can bet you neither you nor I could get such a sweetheart of a deal.

3. Jim Cramer...ok so Cramer said for people to buy Bear Sterns, worse things have happened.

John Stewart has said and done some stupid shit before too I am sure, yet he figured he was fully qualified to bitch about Republicans or those people who simply disagree with Obama.

It's amazing that the same fucking people who have the "Dissention is the highest form of Patriotism" bumper stickers and the people toting the water for Mr. Obama.
If you eliminate CGT you just create another bubble, but more importantly you cost the country revenue which has to be replaced. But before I bother explaining the whole thing explain to me why abolishing CGT is a good idea. Explain exactly how it would benefit the economy. Nobody is going to invest in anything just because they won't eventually pay as much tax on any profits. Reagan cut CGT and investment fell to the lowest level since the US civil war. Clinton raised it and investment hit record levels. Why does the evidence disagree with you?

Bear folding was not common knowledge at all. If it was common knowledge why were the clowns who do stock punditry claiming it was a good investment the day before they went bust? Name one person who publicly said Bear was shaky even two weeks before they went bust.

Rush Limbaugh has publicly said he hopes the president fails, at a time when America is still fighting two wars. If somebody had said they hoped Bush failed a few years ago what would the reaction have been?

2. Santelli is a failed trader who is famous for standing on a stock exachage floor berating people who got 2% of a ten trillion bailout while surrounded by people who caused the crisis in the first place and then got 98% of the bailout and who would all be out of work if they weren't bailed out. That's why there's so much mockery of him.

3. You admit it was just people taking the piss and no thuggishness invlolved, excellent.

Don't forget to explain how abolishing CGT would help the economy. Use facts and evidence only in your answer and don't forget I'll be using them in my reply. Unless you can actually make a coherent argument you'll just end up being horribly wrong again.