winlite
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The Market Ticker This web site is primarily for investors, however it demonstrates with hard facts and figures and charts exactly what is going on between the fed, fdic, banks, and congress. denniger.net
Not good news for the country this morning!
- Thread starter Tufbusa
- Start date
that pretty much nails it... the scum on the pond does not know left/right..
They throw trash out there for the dogs to fight over while they rake in their loot...
What is happening now is a joke.. Obama campaigns not knowing what he did not know... (or worse yet, he knew his promises were empty).. Troop build up? I think he promised a rapid pull out..
Any sitting president is privy to information that we will never know.. He now has the facts and is following the same course of action.. (now this was never pointed out pre-election huh?)
He would get into office, find out some things and have to stay the same course the left was screaming bloody murder about..
The president really is not much more than a talking head for the corrupt that serve below him.. (enter teleprompter)
Does not matter what party you are with, you have to tow the line.. Both sides know it, they just count on the "masses" to bicker and stay at each others throats while they milk the tax payer buffet for all its worth..
All this "reform" going on? it is the rape of the american tax payer..
This is from the Tea Party Movement web site and one of their core beliefs:
Free Markets: A free market is the economic consequence of personal liberty. The founders believed that personal and economic freedom were indivisible, (Unless of course you were a slave or a woman) as do we. Our current government's interference distorts the free market and inhibits the pursuit of individual and economic liberty. Therefore, we support a return to the free market principles on which this nation was founded and oppose government intervention into the operations of private business.
It is sort of ironic to me because didn't our founding fathers own slaves and utilize slave labor to become prosperous? That is not meant as a criticism of our founding fathers but as an example of the nearsightedness of the members of the Tea Party Movement.
I'd like to think so, but I'm afraid this time we've borrowed so much that a tax cut and resulting economic activity isn't enough.
Since I'm one of those paying these all taxes now (which makes me a GIVER), I'll tell you what I'd do with a tax cut.
#1: Pay my mortgate off. Strengthens the financial system by removing debt.
#2: Buy my wife a new car since her current one is a 2001 model (pay cash). Stimulate the auto industry and regain lost jobs in that sector.
#3: Invest in my family's business. Create small business jobs and help the local economy.
Note: You don't see invest in stock market (which has turned into a speculation game not based on any reality).
What would someone on the other side of the equation do (TAKER)?
#1: Buy beer and cigarettes. Additonal burden on health care system
#2: Not pay down debt already accumulated.
#3: Buy Lottery tickets hoping to 'hit it big'
Yes, I'm over-simplifiying. A tax cut on those that are reinvesting their gains in America is a good thing. My dad always said, "I'd rather work for a rich man than a poor man"; right now being successful appears to be a stigma, but successful people usually CREATE jobs and wealth for others.
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I'm sorry, i must have missed something. Where does the Tea Party movement of today advocate slavery or sexism? I mean, Harry Ried said almost the same thing the other day about the Republicans....huh?
My point is that they reference a Free Market and then envoke it as being what the founding fathers wanted. When in truth the founding father did NOT have a Free market based on personal freedom as the tea party movement would have you believe.
Maybe the top taxes should be raised to the level they were during the Reagan years?
The 2010 proposed rate of 39.60% = socialism.
The 2002-2008 rates of 35.00% = capitalist nirvana.
The 39.6% rate of the 1990’s = socialism.
Everything else = down the memory hole.
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Maybe the taxes should be raised to the level they were during the Reagan years?
Like I said earlier; I don't want to see taxes raised, but I think we are going to HAVE to to take some increase to pay down my child's debt. The problem is, I don't think we'll EVER see anyone with the guts to control spending on some of these entitlement programs (the other side of the equation).
I don't think 39.6% on income is going to kill me. But I'd like to see the inheritance tax remain low to zero. People who accumulate wealth over their lifetime in spite of taxes should be able to pass that along to their heirs without having to sell everything to get 50% cash in order to pay the death tax.
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Mr Brown
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I was referring to the talking heads we see on the tube every night complaining about the administration and throwing the word socialist around as if it's the worst form of politics there is....
Difference between bailouts and welfare is that there are a few people who actually need welfare and use it as it was intended...
Dino, I suppose I'm missing your point? What does slavery 200 years ago have to do with today's free market? Are you insinuating there are no rich black people today or that members of the Tea Party Movement would proudly reinstate slavery?
afterhours
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plain and simply.....
nobody should get a free ride.3
to paraphrase an old proverb " give a man a fish he eats for a day...teach him to fish and he will eat forever"
by law we educate everyone, we offer free continued education to adults( called ROP in my area). we even offer money for trades school and college.
yet there are still people that refuse to take advantage of it....they would rather take from the system.
why do i have to take of those people....? welfare does not work, it never has and it ner will. especially when the stigma of being on "welfare" is removed.
nobody should get a free ride.3
to paraphrase an old proverb " give a man a fish he eats for a day...teach him to fish and he will eat forever"
by law we educate everyone, we offer free continued education to adults( called ROP in my area). we even offer money for trades school and college.
yet there are still people that refuse to take advantage of it....they would rather take from the system.
why do i have to take of those people....? welfare does not work, it never has and it ner will. especially when the stigma of being on "welfare" is removed.
dmrowe
Registered
I'm with Tufbusa on this one, I think you are having a "split focus" moment. This country was founded on the free market, what does that have to do with slavery? Slavery was (and is) an abomonation but it has nothing to do with the free market. To put it bluntly slaves were traded on the free market as were any of the other commodities of the time. ???
Dino, I suppose I'm missing your point? What does slavery 200 years ago have to do with today's free market? Are you insinuating there are no rich black people today or that members of the Tea Party Movement would proudly reinstate slavery?
Tuf see above.
DMROWE and Tuf and anyone else that did not scroll down a couple posts after my initial comment about the Tea Party Movement:
The market was not free because a whole segment of the population was enslaved and providing very cheap labor. Additionally a whole other segment of the popualtion (women) did not have the same rights as men in the "free" market.
So to point back to the founding fathers and use their example of a "Free Market" as being an example for the Tea Party Movement to emulate is ironic.
The market was not free because a whole segment of the population was enslaved and providing very cheap labor. Additionally a whole other segment of the popualtion (women) did not have the same rights as men in the "free" market.
So to point back to the founding fathers and use their example of a "Free Market" as being an example for the Tea Party Movement to emulate is ironic.
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I'm still confused? Help me out here!
How does slavery fit into the founding fathers desires to have free market?
Slavery had nothing to dowith the free market? Salvery was all about capitalism. I think OP was pointing out the hypocricy of the movement.
Mr Brown
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One of the reasons the US economy was ever as powerful as it was in the past is slavery. Imagine if you could have someone go to work for you for just one year while you did something else, and they had to give you the paycheck that they recieved. Now multiply that by millions and tell me that slavery had no effect on the economic might of this country.
jdsbusa
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The US economy was ever so powerful in the 1830's-1850's? My economics professor didn't cover that!
The industrial revolution is what triggered the economic might of the US, and what's doing it for China right now...not slavery.Slavery is still going on today, so anyone with strong feelings against it should hop on the next flight out and put an end to it worldwide! Talking about slavery in the US that was abolished over 150 years ago by one of the greatest presidents is a moot point unless you're going to do something about the fact that it is still going on to this day.
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Mr Brown
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If you don't believe people had slaves for economic reasonsThe US economy was ever so powerful in the 1830's-1850's? My economics professor didn't cover that!
Slavery is still going on today, so anyone with strong feelings against it should hop on the next flight out and put an end to it worldwide! Talking about slavery in the US that was abolished over 150 years ago by one of the greatest presidents is a moot point unless you're going to do something about the fact that it is still going on to this day.
perhaps you would care to shed some light on why they did? Humanitarian reasons? To relieve the poor africans from their primitive ways and instill culture? Please.
Yes, the US economy was much stronger in the 19th century than a hundred year old country's would have been without free labor. Maybe you should have paid closer attention when your econ professor was talking.
Talking about something that happened years ago is hardly moot if it pertains to the matter at hand, and the effect of slavery on an emerging nation's economy and thus the level of its wealth today, is certainly germane to the conversation.
The fact that slavery still exists in the world is a disgusting tragedy. To bad there is no economic value in our government putting an end to it, or there wouldn't be.
afterhours
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that is entirely wrong....
the USA was not a world power until the 20th century.....well after slavery was outlawed.
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