Tax Cut for the Wealthiest Will Cost America $700B

[Jermyn Davidson]

Extend the tax cut for the wealthiest, America loses 700 Billion.


"As Henry and I discuss in the accompanying clip, Obama faces a "da--ed if you do, da--ed if you don't" situation: If he tries to do more to stimulate the economy (or even use the word "stimulus") he's labeled a big-spending Democrat with Socialist leanings. But if he focuses on austerity and bringing down the deficit, many economists fear he'll trigger another big downturn and concerns about the banking system, as is occurring in Europe."


Read story and view video below.

http://finance.yahoo.com/tech-ticker...tt_535411.html

[Jason B]

[BeenThinkin]

Just think what it has cost America electing Obama president!

[coadie]

http://latimesblogs.latimes.com/wash...taxes-irs.html

Then, we come to the Department of Homeland Security, which is run by Janet Napolitano, the former governor of Arizona who preferred to call terrorist acts "man-caused disasters." Homeland Security is keeping all of us safe by ensuring that a Dutch tourist is aboard every inbound international flight to thwart any would-be bomber with explosives in his underpants.

Within that department, there reside 4,856 people who owe the tax agency a whopping total of $37,012,174.

Democrats don't remit taxes.

[coadie]

Originally Posted by Jermyn Davidson

Extend the tax cut for the wealthiest, America loses 700 Billion.


"As Henry and I discuss in the accompanying clip, Obama faces a "da--ed if you do, da--ed if you don't" situation: If he tries to do more to stimulate the economy (or even use the word "stimulus") he's labeled a big-spending Democrat with Socialist leanings. But if he focuses on austerity and bringing down the deficit, many economists fear he'll trigger another big downturn and concerns about the banking system, as is occurring in Europe."


Read story and view video below.

http://finance.yahoo.com/tech-ticker...tt_535411.html

Democrats are the tax cheats. go figure.

[Jermyn Davidson]

Originally Posted by BeenThinkin

Just think what it has cost America electing Obama president!

So what do you have to say about the quote and the link I provided?

[coadie]

Originally Posted by Jermyn Davidson

So what do you have to say about the quote and the link I provided?

Gotta to play up class warfare. Liberals want to punish success and get their greedy hands on money they did not earn.

Government workers are really after money from people that work and invested instead of spending.

[coadie]

Where we have Obama we have divisiveness

He pumps up his uneducated minions to jealousy and greed.

Fat cats is a favorite leftie expression.

Last year, Feinberg allowed two GMAC executives to exceed the $500,000 cash cap, and granted Carpenter an annual pay package worth $9.5 million. After becoming CEO in November, Carpenter earned about $1.2 million, including about $120,000 cash, for six weeks' work.

This same pay czar that said he would work for free. He took 120,000 according to FOIA documents.

Contrary to press reports that he would not be compensated, uncovered Treasury Department documents reveal President Obama's pay czar, Kenneth Feinberg, received a $120,830 annual salary.

The documents were obtained by the public interest group Judicial Watch in a Freedom of Information Act request filed July 20.

By TOM KRISHER, AP Auto Writer Tom Krisher, Ap Auto Writer – Fri Sep 10, 3:45 pm ET
DETROIT – New General Motors Co. CEO Daniel Akerson will get the same

$9 million pay

package as the man he replaced, Ed Whitacre.


Obama said under 500,000. Did obama lie again?

[RevDWW]

You do understand that the "wealthy" start business' and employee people. There money is not stuffed in their mattress or in a vault. It's invested in the economy.

[BeenThinkin]

Originally Posted by Jermyn Davidson

So what do you have to say about the quote and the link I provided?

Interesting! I think he's "damned" because sometimes he does and sometimes he doesn't!

How can you believe anything (and that's a broad brush) that the man says. He's been proven wrong on so many things, and most have been posted on AFF in the past.

Have the "wealthy" contributed anything to America? It's not the poor that create jobs, it's the wealthy. How many jobs do you suppose Microsoft has created or provided to America?

How many jobs has Apple provided?

And the list could go on.

If Obama wants to deal with what caused so much of this present financial crisis why doesn't he deal with the Freddie Mac, Fannie Mae whealer-dealers?

One more question... Is there any previous examples of where taxes were cut for everyone and the economy turned around?

BT