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Featured Fifty Years Of Government Intervention Fails To Boost Home Ownership

Discussion in 'News & Current Events' started by Revmitchell, Aug 11, 2014.

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  1. Bro. Curtis

    Bro. Curtis <img src =/curtis.gif>
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    For at least two of the last seven years, GOP didn't have enough votes to stop anything.
     
    #21 Bro. Curtis, Aug 12, 2014
    Last edited by a moderator: Aug 12, 2014
  2. InTheLight

    InTheLight Well-Known Member
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    I can think of one policy that the GOP pushed that helped the rich more than the middle class, and that would be the Bush tax cuts. While the Bush tax cuts gave income tax cuts to all wage earners, the upper 2% got a bigger percentage cut than any other group. And let's not forget that Obama campaigned that he would repeal the Bush tax cuts and at his first opportunity, while the Dems controlled both chambers of the legislature, he did nothing, in fact he let them stand.

    How about listing a few other examples?

    Capital gains tax cuts? Benefits everybody and does not "shift money away from the middle class".
     
    #22 InTheLight, Aug 12, 2014
  3. Revmitchell

    Revmitchell Well-Known Member
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    New income data from the Census Bureau reveal what a great job Barack Obama has done for the middle class as President. During his entire tenure in the oval office, median household income has declined by 7.3%.

    In January, 2009, the month he entered office, median household income was $54,983. By June, 2012, it had spiraled down to $50,964. That’s a loss of $4,019 per family, the equivalent of losing a little less than one month’s income a year, every year. And on our current course that is only going to get worse not better.

    Obama never tires of telling us that the economy was in one of the worst recessions since the Great Depression when he entered office, as if he was the only President to have suffered a recession early in his term. But nobody expected that he would use the vast powers of the most powerful office in the world to make it worse. But that is what he has done.

    Even if you start from when the recession ended in June, 2009, the decline since then has been greater than it was during the recession. Three years into the Obama recovery, median family income had declined nearly 5% by June, 2012 as compared to June, 2009. That is nearly twice the decline of 2.6% that occurred during the recession from December, 2007 until June, 2009. As the Wall Street Journal summarized in its August 25-26 weekend edition, “For household income, in other words, the Obama recovery has been worse than the Bush recession.”

    The Journal elaborated, “The President portrays the financial decline of American families on his watch as part of a decades-long trend. He’s wrong. Real income for middle income households rose by roughly 30% from 1983 to 2005, according to the Congressional Budget Office.” And MSNBC hosts, listen up, you might learn something. The Journal further explains, “The political left likes to blame the ebbing of union power. But non-government unionization fell dramatically in the 1980s and 90s, and incomes rose.”

    http://www.forbes.com/sites/peterferrara/2012/09/02/obamas-accelerating-downward-spiral-for-america/
     
    #23 Revmitchell, Aug 12, 2014
  4. Crabtownboy

    Crabtownboy Well-Known Member
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    No one is arguing that.

    Are you attempting to derail your own thread?
     
    #24 Crabtownboy, Aug 12, 2014
  5. carpro

    carpro Well-Known Member
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    He's touchy about the topic.

    He badly needs to derail it. Democrats look really bad on this topic.

    Barney Frank and his boyfriend are off limits. donchaknow???
     
    #25 carpro, Aug 12, 2014
  6. Revmitchell

    Revmitchell Well-Known Member
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    It will not be long he will go back into the wood work for a while.
     
    #26 Revmitchell, Aug 12, 2014
  7. carpro

    carpro Well-Known Member
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    How many times did the Bush administration go to congress asking them to reign in fannie mae, only to be shouted down by a crooked Barney Frank who had a crush on the guy running fannie mae?

    3? 4? maybe more?
     
    #27 carpro, Aug 12, 2014
  8. Revmitchell

    Revmitchell Well-Known Member
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    http://www.youtube.com/watch?v=wSdmfKhr_4c
     
    #28 Revmitchell, Aug 12, 2014
  9. carpro

    carpro Well-Known Member
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    #29 carpro, Aug 12, 2014
  10. Magnetic Poles

    Magnetic Poles New Member

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    More personal attacks is all you have. Some of us actually have things going on in our lives and cannot live on an Internet forum, replying to every inane post some so-called "Reverend" makes.
     
    #30 Magnetic Poles, Aug 13, 2014
    Last edited by a moderator: Aug 13, 2014
  11. InTheLight

    InTheLight Well-Known Member
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    Bumping because I have gotten no responses. And BTW, one of the criteria is that the policy "shifted money away from the middle class to the top earners" or "redistributed wealth to the top".
     
    #31 InTheLight, Aug 13, 2014
    Last edited by a moderator: Aug 13, 2014
  12. Magnetic Poles

    Magnetic Poles New Member

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    Opposing hike in the national minimum wage.
    Reagan's tax cuts to the rich and tax hikes for the middle class.
    Opposition to closing tax loophole of allowing off shore mail drops as foreign corporate "HQ".
    Support for Citizens United, allowing the rich to buy undue influence over the democratic election process.
     
    #32 Magnetic Poles, Aug 13, 2014
  13. carpro

    carpro Well-Known Member
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    LOL

    Scraping the bottom of the talking points barrel.

    Liberals hate the constitution and any court that upholds it.

    No president in modern history has raised taxes on middle america more that the idiot in the white house.
     
    #33 carpro, Aug 13, 2014
  14. InTheLight

    InTheLight Well-Known Member
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    Does not shift money to the rich.


    What tax hike on the middle class are you speaking of? The FICA increase? If so, how does that redistribute wealth to the upper class?

    Again, how does this take money from the lower/middle class?

    Not even close to a policy, much less shifting money to the upper class.
     
    #34 InTheLight, Aug 13, 2014
    Last edited by a moderator: Aug 13, 2014
  15. InTheLight

    InTheLight Well-Known Member
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    Exhibit A: ObamaCare. If you don't have health insurance he can tax you.
     
    #35 InTheLight, Aug 13, 2014
  16. Revmitchell

    Revmitchell Well-Known Member
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    I will respond to it. It is a dumb statement. It assumes the money belongs to the government. It doesn't. It assumes that those taxes will be redistributed to the middle class. There is no justification for such an action even if it were true.
     
    #36 Revmitchell, Aug 13, 2014
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