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Obama XI: Turn And Face The Strange

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Re: Race Card!!!

Re: Race Card!!!

dropthatpuck said:
"It will be up to each of you to make sure that the young people, African Americans, Latinos and women, who powered our victory in 2008 stand together once again..." - BHO

Nice to see he left out the other flavors.
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Obama plays the race card when he needs the vote; Obama and Eric Holder are the utmost repulsive race-baiters in the modern era, less Rev. Wright/Al Sharpton.

"The new presidential candidate is not like those guys on the American money. He's got a funny name... oh, and did I mention he was black?" - BHO on the Campaign Trail in Pennsylvania.
 
Re: Obama XI: Turn And Face The Strange

LynahFan said:
How is it that you claim taxes are historically low
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Not just the top marginal rate, although that is quite low historically. The tax burden for everybody has decreased in the last 30 years:

Source: CBO data,1979-2006

Change, Total effective federal tax rate, all quintiles: -1.5%
Change, Effective individual income tax rate, all quintiles: -1.9%

We do need data from 2007-2010, though IINM the marginal rate for all quintiles except the top has decreased under Obama.
 
Re: Obama XI: Turn And Face The Strange

Kepler said:
Not just the top marginal rate, although that is quite low historically. The tax burden for everybody has decreased in the last 30 years:

Source: CBO data,1979-2006

Change, Total effective federal tax rate, all quintiles: -1.5%
Change, Effective individual income tax rate, all quintiles: -1.9%

We do need data from 2007-2010, though IINM the marginal rate for all quintiles except the top has decreased under Obama.
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30 years does not a history make. How did the taxes in the 70's compare to taxes in the 20's? or 1880's? If 1979 taxes were historically high, then a decrease from that wouldn't make today's historically low, it'd make them historically average.
 
Re: Obama XI: Turn And Face The Strange

LynahFan said:
How is it that you claim taxes are historically low - based on the top income tax rate? Because according to this, total tax revenue (which is what I'm talking about) is running in the high teens as a percentage of GDP, pretty much the same as it has since 1945, give or take a dot-com or real-estate boom here and there.
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Don't forget - it's coming from a guy who refuses to subscribe to his own 2x2 option #3 (cut taxes and cut spending) - which, of course, makes the most sense.

trucker said:
Bill Maher makes a good point in this rant. Unless the teabaggers talk about cutting defense they aren't really serious about balancing the budget.

http://www.huffingtonpost.com/2010/04/24/bill-maher-to-tea-baggers_n_550430.html
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...unless you believe that's pretty much the only thing Congress and our Federal government should be appropriating money for.

...and I do love it so when lefties use Comedy Central as their news source.

rufus said:
we are in the position we are today because of that very thing.
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Whatever delusions help you sleep at night.
 
Re: Obama XI: Turn And Face The Strange

unofan said:
30 years does not a history make. How did the taxes in the 70's compare to taxes in the 20's? or 1880's? If 1979 taxes were historically high, then a decrease from that wouldn't make today's historically low, it'd make them historically average.
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Certainly it would, but as you go back you also lose context to the point where you're talking about a different world. Taxation is likely higher than in the 1880's, before the income tax, but then again horse theft is down.
 
Re: Obama XI: Turn And Face The Strange

Kepler said:
In the interests of honest disclosure, this is Doug Casey's independent and considered response to the Obama Administration.
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No doubt that Casey is an opinionated guy. He didn't write the VAT article in the Casey Research link however; one of his employees did, and it was based upon a WSJ article that had just run the prior week and is embedded in the Casey Research article.

In the link you provided, Bush took a bigger hit than Obama. Casey actually said very little specifically about the Obama administration. He just isn't a fan of government period, especially big government.

Anyway you look at it, a VAT would be a huge tax increase to support out of control government spending. We don't need a VAT. We need to rein in government spending.
 
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