Today in the economy

[El Kabong]

MSNBC has no conservative shows Kirkland....and if you think they do then you sir are a commie

[Kirkland Laing]

MSNBC has no conservative shows Kirkland....and if you think they do then you sir are a commie

They have former GOP congressman Joe somebody on three hours a day. And you're dodging answering my questions. Why is that?

[El Kabong]

They have former GOP congressman Joe somebody on three hours a day. And you're dodging answering my questions. Why is that?

#1 I listed Scarborough as a "conservative" however he's on a show WITH: Mika Brzezinski, David Shuster, and many other pinko commie bastards.

#2 You didn't really have questions, you made statements and you took what I posted out of context.


So to answer your "questions"
#1 MSNBC is a breeding ground for people of YOUR political views which are: Obama is a God, rich people are evil, the government can fix any problem, and we're simply not being taxed enough.

#2 When I say "People who have done well for themselves" I am speaking of a social CLASS not of the specific AIG clowns who fucked things up. My arguments for the AIG people keeping their bonuses is that I don't want to government to infringe on what people get paid, Obama set a salary cap on people in the finance industry and right after he did that the people in NY and NJ who were all "In your face you rich bastards!" suddenly figured out that their tax revenue was going to plummet as well and right now with what the government is spending that's a bad thing correct? The deficit was bad before this and now we're going to raise taxes, inflate the dollar, and unemployment will rise, gas prices will go up, and life is going to suck until people wake up and realize that the "TAX AND SPEND LIBERALS" are not good for business

#3 It's a slippery slope and I don't want it to get out of control because as soon as the people who run the government figure out "Hey we can confiscate those people's money" then what is going to stop them? I don't care about "special situations"...it's never happened before and it shouldn't start now. Besides all it is, is some media driven promotion to make Obama look like Robin Hood.

[Kirkland Laing]

They have former GOP congressman Joe somebody on three hours a day. And you're dodging answering my questions. Why is that?

#1 I listed Scarborough as a "conservative" however he's on a show WITH: Mika Brzezinski, David Shuster, and many other pinko commie bastards.

#2 You didn't really have questions, you made statements and you took what I posted out of context.


So to answer your "questions"
#1 MSNBC is a breeding ground for people of YOUR political views which are: Obama is a God, rich people are evil, the government can fix any problem, and we're simply not being taxed enough.

#2 When I say "People who have done well for themselves" I am speaking of a social CLASS not of the specific AIG clowns who fucked things up. My arguments for the AIG people keeping their bonuses is that I don't want to government to infringe on what people get paid, Obama set a salary cap on people in the finance industry and right after he did that the people in NY and NJ who were all "In your face you rich bastards!" suddenly figured out that their tax revenue was going to plummet as well and right now with what the government is spending that's a bad thing correct? The deficit was bad before this and now we're going to raise taxes, inflate the dollar, and unemployment will rise, gas prices will go up, and life is going to suck until people wake up and realize that the "TAX AND SPEND LIBERALS" are not good for business

#3 It's a slippery slope and I don't want it to get out of control because as soon as the people who run the government figure out "Hey we can confiscate those people's money" then what is going to stop them? I don't care about "special situations"...it's never happened before and it shouldn't start now. Besides all it is, is some media driven promotion to make Obama look like Robin Hood.

1. Those aren't my views. You're being taxed far too much, some people in America are being taxed far too little. Because of the huge redistribution of wealth upwards that's happened in America since Reagan top earners are making so much money that it's making the economy unstable, creating bloated capital markets prone to huge bubbles. Add on the removal of any oversight of the financial markets and you get the current meltdown.

2. Tax and spend liberals balanced the budget for the first time in nearly a century between 1992 and 2000. Tax cut deregulation Republicans then went on the biggest spending/deregulation spree in history, bankrupting the US economy. Of the debt now facing America, almost all of it was authorised by George Bush before he left office, and the little Obama has added to the deficit is all spending to prevent meltdown caused by GOP policies. Don't forget that every major decision that caused the crisis -- allowing mortgage companies to seel their mortgages to investment banks to be securitised, ending regulation of the mrtgage companies, ending regulation of credit rating agencies, allowing banks to lever up their capital:debt ratio three and four times historical safe levels, etc. -- were all made between 2001 and 1005, a time when the GOP controlled all branches of government.

The rest of part 2 is from a post I made while Bush was still president :

• Marshall Plan: Cost: $12.7 billion, Inflation Adjusted Cost: $115.3 billion
• Louisiana Purchase: Cost: $15 million, Inflation Adjusted Cost: $217 billion
• Race to the Moon: Cost: $36.4 billion, Inflation Adjusted Cost: $237 billion
• S&L Crisis: Cost: $153 billion, Inflation Adjusted Cost: $256 billion
• Korean War: Cost: $54 billion, Inflation Adjusted Cost: $454 billion
• The New Deal: Cost: $32 billion (Est), Inflation Adjusted Cost: $500 billion (Est)
• Invasion of Iraq: Cost: $551b, Inflation Adjusted Cost: $597 billion
• Vietnam War: Cost: $111 billion, Inflation Adjusted Cost: $698 billion
• NASA: Cost: $416.7 billion, Inflation Adjusted Cost: $851.2 billion
TOTAL: $3.92 trillion

PLUS


World War II: Original Cost: $288 billion, Inflation Adjusted Cost: $3.6 trillion

Total cost : $7.52 trillion.








Nov. 24 2008 (Bloomberg) -- The U.S. government is prepared to provide more than $7.76 trillion on behalf of American taxpayers after guaranteeing $306 billion of Citigroup Inc. debt yesterday. The pledges, amounting to half the value of everything produced in the nation last year, are intended to rescue the financial system after the credit markets seized up 15 months ago.





The unprecedented pledge of funds includes $3.18 trillion already tapped by financial institutions in the biggest response to an economic emergency since the New Deal of the 1930s, according to data compiled by Bloomberg. The commitment dwarfs the plan approved by lawmakers, the Treasury Department’s $700 billion Troubled Asset Relief Program. Federal Reserve lending last week was 1,900 times the weekly average for the three years before the crisis.





When Congress approved the TARP on Oct. 3, Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson acknowledged the need for transparency and oversight. Now, as regulators commit far more money while refusing to disclose loan recipients or reveal the collateral they are taking in return, some Congress members are calling for the Fed to be reined in.





Bloomberg.com: Exclusive



3. You can't run a capitalist economy and reward criminals for bankrupting it, but that's what's happening with the AIG bonuses. But let's not forget who's calling for those bonuses to be repaid and reclaimed! It's GOP guys like Inhofe, De Mint etc.