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Old 06-09-2013, 08:32 AM
 
Location: Allendale MI
2,523 posts, read 2,206,203 times
Reputation: 698

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Quote:
Originally Posted by pghquest View Post
And when Clinton raised taxes, the economy slowed down.

Please tell me economics professor MTA, how does taking money out of the economy, cause people to spend more

It wasnt until AFTER the tax cuts the economy grew and allowed jobs to be created.
You mean after interest rates where lowered. When they went back up people couldn't pay there loans. Guess what is hapening right now but on a global scale.
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Old 06-09-2013, 08:35 AM
 
Location: Columbus, OH
3,038 posts, read 2,516,994 times
Reputation: 831
Quote:
Originally Posted by MTAtech View Post
You are entitled to your opinion but not your own facts. Clinton raised taxes, over the objections of Republican, who said that raising taxes would tank the economy: FLASHBACK: In 1993, GOP Warned That Clinton's Tax Plan Would 'Kill Jobs,' 'Kill The Current Recovery' | ThinkProgress


And what did I say that conflicted with that statement?
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Old 06-09-2013, 10:21 AM
 
Location: Chandler, AZ
5,800 posts, read 6,575,268 times
Reputation: 3151
You call the current economy a 'recovery'? Take away the sizzling auto market, and the rest of the economy is comatose, including a housing 'recovery' that would be nonexistent if it weren't for bumbling Bernanke.

Obama is strangling the economy with thousands of pages of regulations such as ObamaCare and the Dodd-Frank Act, both of which were 100% necessary.

ObamaCare is already crumbling because the states cannot afford any more unfunded mandates' as well as the opening round of subsidies, which will vanish on 1-1-19 according to IBD.
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Old 06-09-2013, 11:29 AM
 
Location: None of your business
5,466 posts, read 4,429,248 times
Reputation: 1179
Quote:
Originally Posted by AeroGuyDC View Post
Now as far as I'm concerned. He's already a lame duck President, and he knows it. I don't even see him pretending to care about this country anymore. He's as apathetic as his worthless supporters these days. He's on cruise control to a failed Presidency and will have to emulate Jimmy Carter in trying to salvage his worthless legacy for the rest of his born days.
Obama is weakened both in the U.S. and in the world. Obama is in China right now but the Chinese are not stupid. When Americans stand together we are a force to be reckoned with, divided we are weak and this is exactly what Obama wants, he thinks the U.S. has too big of a footprint in the world. The visit to China is a waste of time, they see a country that is deeply divided, a president in the middle of multiple scandals, a weakened president.

The U.S. is weak, our president is weak and the world knows it.
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Old 06-09-2013, 11:30 AM
 
Location: None of your business
5,466 posts, read 4,429,248 times
Reputation: 1179
Quote:
Originally Posted by Michigantown View Post
You mean after interest rates where lowered. When they went back up people couldn't pay there loans. Guess what is hapening right now but on a global scale.
So you agree that the U.S. is no better than any other country. That is music to Obama's ears.
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Old 06-09-2013, 11:31 AM
 
69,368 posts, read 64,191,991 times
Reputation: 9383
Quote:
Originally Posted by Michigantown View Post
You mean after interest rates where lowered. When they went back up people couldn't pay there loans. Guess what is hapening right now but on a global scale.
What do you think is going to happen with our national deficit when they rise again? Interest rates after all, has world wide pressure, not just in the USA
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