Pence got it wrong. Tax cuts are good for the economy because they reward people for being productive and encourage entrepreneurs to invest more in their business and hire people. It’s about the jobs dummy! Unemployment benefits are necessary to provide some temporary safety net for those that lose their jobs. However, if those benefits are simply extended ad infinitum then it only encourages the less productive members of society to just sit on their ass while the more productive are forced to pay for their Cheetos and Oprah addictions.

Chris Wallace is a RINO, and he has no place on FOX News & Thangs.

On Fox News Sunday yesterday Chris Wallace demonstrated once again that is not willing to jump on board the Republican talking points wagon all willy nilly.”

But ya never see this on MSNBC or CNN.

Both went out of their way this weekend to add to their stories on the BHO vacation the # of days Bush had gone on vacation when in fact the only criticism BHO got was that he didn’t go to the Gulf as he and his wife urged others to do for vacation.

It’s nice that Barry has the MSM defending him against all and just perceived attacks.

LOL

The Real Royal King says:
July 19, 2010 at 12:01 pm

Ah, you’ve got to love the far left haters. Angry when FNC presents the Republican POV… angry when they’re show balance and ask tough questions of Republicans. Always angry.

____

But kenm is mostly correct. There is a difference in extending benefits without knowing how to pay for them, and extending tax cuts. One spends money we don’t have, the other simply collects (potentially) less money. Would you rather spend money you don’t have, or just collect less money?

The government assumes that your money is their money. We don’t need to PAY for tax cuts, it is not their money in the first place. When they want to renew the old tax rates they are just stealing OUR money. If you never took it, you would not have to replace it.

This like asking the bank robber to give back the money he stole and then asking how will he live if he gives back the money. We have to give the crook some money so he won’t have to change his standard of living.
The government is the crook.

They say that extending unemployment would cost $34 billion. And they can’t find that amount to cut in the budget or in the 50% of the remaining disastrous stimulus bill to pay for it?

I kind of like what this guy said about paying for what you spend.

You may have heard of him before.

Remarks of President Barack Obama
Weekly Address
February 13, 2010

But what also made these large deficits possible was the end of a common sense rule called “pay as you go.” It’s pretty simple. It says to Congress, you have to pay as you go. You can’t spend a dollar unless you cut a dollar elsewhere. This is how a responsible family or business manages a budget. And this is how a responsible government manages a budget, as well.

It was this rule that helped lead to balanced budgets in the 1990s, by making clear that we could not increase entitlement spending or cut taxes simply by borrowing more money.

That is why this rule is necessary. And that is why I am pleased that Congress fulfilled my request to restore it. Last night, I signed the “pay as you go” rule into law. Now, Congress will have to pay for what it spends, just like everybody else.”

notsofast said:
On Fox News Sunday yesterday Chris Wallace demonstrated once again that is not willing to jump on board the Republican talking points wagon all willy nilly.”

But ya never see this on MSNBC or CNN.

Both went out of their way this weekend to add to their stories on the BHO vacation the # of days Bush had gone on vacation when in fact the only criticism BHO got was that he didn’t go to the Gulf as he and his wife urged others to do for vacation.

You dodged the issue almost as well as the back-pealing idiot being interviewed! When the point is obvious you are expert at either personal attack, dodging the issue o copy and pasting. You have a wonderful vocabulary with no sense to back it up. Total asshole!

It’s nice that Barry has the MSM defending him against all and just perceived attacks.

LOL

ImNotBlue said:
The Real Royal King says:
July 19, 2010 at 12:01 pm

Ah, you’ve got to love the far left haters. Angry when FNC presents the Republican POV… angry when they’re show balance and ask tough questions of Republicans. Always angry.

____

But kenm is mostly correct. There is a difference in extending benefits without knowing how to pay for them, and extending tax cuts. One spends money we don’t have, the other simply collects (potentially) less money. Would you rather spend money you don’t have, or just collect less money?

$687 in tax cute to the wealthy is spending money we don’t have? I call it a waste. Unemployment extension is essential to assist the people with families who can’t live a decent life. If the system is misused, that has nothing to do with need, it has all to do with the politicians refusing to demand enforcement of the abuse, ala the BPGilf mess.

gordonbloyershow said:
The government assumes that your money is their money. We don’t need to PAY for tax cuts, it is not their money in the first place. When they want to renew the old tax rates they are just stealing OUR money. If you never took it, you would not have to replace it.

This like asking the bank robber to give back the money he stole and then asking how will he live if he gives back the money. We have to give the crook some money so he won’t have to change his standard of living.
The government is the crook.

Totally absolutely right on the “money” so to speak, yet we spend countless hours on sites like Mediaite defending these buffoons! . What did Pence the bumbling fool refer to as prioritize spending, and fiscal responsibility? What a joke. Where in government does that concept reside?

jimw1016 says:
July 19, 2010 at 1:49 pm

$687 in tax cute to the wealthy is spending money we don’t have? I call it a waste.

Huh?

The money that we don’t collect because of the tax cut, is money the government doesn’t have. It should not spend money it “thinks” it may get, only money it has.

What is the waste in your comment?

Unemployment extension is essential to assist the people with families who can’t live a decent life.

No. It is to assist those who can’t find work, while they search for work. Many misuse the system, and don’t try to find work while they collect federal assistance. But that’s not really the point here. Nobody is really debating the merits of unemployment assistance (at least, not in a way strong enough to derail the push for more assistance), rather the complaint is that the government is essentially writing a check with nothing in the bank to support it. They don’t know how they’re going to pay for the extension, don’t have the money for it, and don’t seem to care.

If the system is misused, that has nothing to do with need, it has all to do with the politicians refusing to demand enforcement of the abuse, ala the BPGilf mess.

Well, that’s true. Regulations only work if they’re enforced… otherwise they’re just a way for politicians to look busy, without actually accomplishing anything.

jimw1016 said:

FU- ahole.

How was that libby

LOL

Pretty simple although Pence didn’t explain it correctly. First the Democrats instituted “Pay Go” that means you pay for every new program you want to employ. The Republicans have said pay for it and we’ll vote for it. But here’s the reality. Every knows people on un-employment who wants to stay on un-employment, it can be like a vacation. People don’t take jobs at Mickey D’s when they’re only gonna make a few more bucks than their un-employment check. We are working on 22 months of benifits, it breeds laziness. My dad is one of them. He was cussing out the Republicans to me while he’s been sitting on his ass for almost two years. I explained to him “Pay Go” and he didn’t care. He used to be a motivated man. He came here from Mexico and made something of himself but now all he does is complain. Oh, and the Bush tax cuts benefited 80% of all americans, and probably a lot of illegals.

And the lemmings get hysterical, oh please, please don’t tax the wealthy people, what will they do , we the middle class will pay their share but please, please leave then ALONE, we can do without schools and police and firemen , our kids can work for slave wages and skip college just pluleeze don’t tax the rich boo hoo hoo.
You guys are so pathetic, you will do and say anything fox and freaks tell you to.

I doubt you have enough pee pee or one that will get hard, besides you are in NO WAY my type. I prefer women and you?

jimw1016 said:
Unemployment extension is essential to assist the people with families who can’t live a decent life.

You mean deadbeats like you and your lib pals.

jimw1016 said:
I doubt you have enough pee pee or one that will get hard, besides you are in NO WAY my type. I prefer women and you?

Women with big dicks that’s what you like!

LOL

I don’t need unemployment benefits and I couldn’t actually tell you when I was ever on the public dole. I’m 63 and run my own business and I need no one.

jimw1016 said:
I don’t need unemployment benefits and I couldn’t actually tell you when I was ever on the public dole. I’m 63 and run my own business and I need no one.

Yeah, you run your own business into the ground. Your business is a non-profit.

jimw1016 said:
That is why this rule is necessary. And that is why I am pleased that Congress fulfilled my request to restore it. Last night, I signed the “pay as you go” rule into law. Now, Congress will have to pay for what it spends, just like everybody else.”

Address this – this is your messiah speaking:

Don’t dodge the issue.

“That is why this rule is necessary. And that is why I am pleased that Congress fulfilled my request to restore it. Last night, I signed the “pay as you go” rule into law. Now, Congress will have to pay for what it spends, just like everybody else.”

Oh notsofast. You’re notsosmart are you? Pence had nothing and it’s about time Wallace steps out of the partisan echo chamber and ask an obvious question. Mr. Vitter was on all weekend and never asked about his woman hating aid that he lied about.

notsofast said:
Women with big dicks that’s what you like!

LOL

Shows you level of conversational ability, personal attack and bashing is all you can resort to when you’re wrong. Typical Republican. I remember Bush Sr. tried this manner of campaigning against Clinton, he ran a totally negative campaign, forgot about the issues which both sides lie about and exaggerate anyway, but it’s what the sheep need to hear. You seem to trend along those lines. Just an observation.

This site has truly become a right-wing watering hole.

jimw1016 said:
personal attack and bashing is all you can resort to

jimw1016 said:
Total asshole!

Pot meet kettle- you are just another pathetic libby hypocrite.

Grampy nutso you miserable old fart, you’re on the government dole so that makes you a deadbeat ?

Dave Noland said:
This site has truly become a right-wing watering hole.

Oh look, the racist is here.

Dave Noland said:
Oh notsofast. You’re notsosmart are you?

Hey, racist, this is what Barry said in Feb:

“That is why this rule is necessary. And that is why I am pleased that Congress fulfilled my request to restore it. Last night, I signed the “pay as you go” rule into law. Now, Congress will have to pay for what it spends, just like everybody else.”

So STFU, hypocrite.

jimw1016 said:
I remember Bush Sr. tried this manner of campaigning against Clinton, he ran a totally negative campaign, forgot about the issues which both sides lie about and exaggerate anyway,

Tottaly irrevevent to the topic.

You can’t discuss the post so you change the topic.

Another weak lib tactic.

After the Bush tax cuts, the economy grew rapidly and federal tax revenues increased by $785 billion over the next four years — the largest increase in US history.

But the Left still opposes tax cuts, even though they consistently create jobs, prosperity and even more money for government. That’s what happens when a class envy becomes more important than practical results. And the Democrat party nowadays is all about class envy.

The good news is grampy nutso is really ,really, really old (as in just a matter of time).

notsofast said:
Address this – this is your messiah speaking:

Don’t dodge the issue.

“That is why this rule is necessary. And that is why I am pleased that Congress fulfilled my request to restore it. Last night, I signed the “pay as you go” rule into law. Now, Congress will have to pay for what it spends, just like everybody else.”

I don’t recall ever saying I am an Obama supporter. I’m neither Democrat or republican. I enjoy coming here to bash your driveling, dribbling, partisan nonsense. I may lean more to the left than right, you people are insane, but I don’t support either party. Oh, nor am I a Teabagger!

jimw1016- you are a hypocrite lib.

No more needs to be said.

Look above me and then below me.

And you still dodged the issue!

los said:
Pretty simple although Pence didn’t explain it correctly. First the Democrats instituted “Pay Go” that means you pay for every new program you want to employ. The Republicans have said pay for it and we’ll vote for it. But here’s the reality. Every knows people on un-employment who wants to stay on un-employment, it can be like a vacation. People don’t take jobs at Mickey D’s when they’re only gonna make a few more bucks than their un-employment check. We are working on 22 months of benifits, it breeds laziness. My dad is one of them. He was cussing out the Republicans to me while he’s been sitting on his ass for almost two years. I explained to him “Pay Go” and he didn’t care. He used to be a motivated man. He came here from Mexico and made something of himself but now all he does is complain. Oh, and the Bush tax cuts benefited 80% of all americans, and probably a lot of illegals.

Okay you sorta explained your take on unemployment, now explain why the entire governmental system (local, state, and federal) is broken and has been for decades of administrations.

jimw1016 said:
When the point is obvious you are expert at either personal attack, dodging the issue

jimw1016 said:
Total asshole!

jimw1016 said:
I enjoy coming here to bash your driveling, dribbling, partisan nonsense.

Total hypocrite!

LMAO

You are so easy!

notsofast said:
You mean deadbeats like you and your lib pals.

As I mentioned earlier, you’re an asshole. Attack!

notsofast said:
Yeah, you run your own business into the ground. Your business is a non-profit.

Attack!

jimw1016 said:
As I mentioned earlier, you’re an asshole. Attack!

Poor jimmy- your village is missing its idiot- you.

jimw1016 said:
As I mentioned earlier, you’re an asshole. Attack!

jimw1016 said:
Attack!

That was AFTER your attack.

You are an asshole hypocrite!

LOL

notsofast said:
Women with big dicks that’s what you like!

LOL

Okay I’m going to shorten my response, probably a lot like your dick, it’s now AOTA = Attack of the Asshole!

Dave Noland said:
This site has truly become a right-wing watering hole.

Call it like it is…right wing shit hole.

Jim, your mother said you would not amount to shit, but you did!

jim, you’re living proof that even a turd can be polished.

jim, You are the only person who can eat his own weight in scat in one sitting.

notsofast said:
Pot meet kettle- you are just another pathetic libby hypocrite.

Attack me and I attack back, plain and simple. I mentioned trying to converse earlier, but will have nothing of it. Maybe you should Google the word to define its meaning?

jimw1016 said:
Attack of the Asshole!

That’s the documentary film about ya, jimmy!

Iris said:
Grampy nutso you miserable old fart, you’re on the government dole so that makes you a deadbeat ?

LMAO…is he really?

jimw1016 said:
Attack me and I attack back, plain and simple.

Poor hypocrite- you are the one who attacked. So STFU!

Why don’t you just open your mind and shut your mouth, both are empty anyway.

notsofast said:
Oh look, the racist is here.

Racist? How so? I call it like I see them. Where is there a hint of racism? Saying something to you, about you, that you don’t like?

jimw1016 said:
LMAO…is he really?

You are the ancient one at 63!!

Can I borrow your face for a few days while my ass is on vacation?

jimmy, you are living proof that a person can live without a brain!

notsofast said:
Tottaly irrevevent to the topic.

You can’t discuss the post so you change the topic.

Another weak lib tactic.

Just proving my point. You hate when someone makes a reference to your idiotic Republican heroes of the past or present. I bet you have a Bush altar in your home?

notsofast said:
jimw1016- you are a hypocrite lib.

No more needs to be said.

Look above me and then below me.

And you still dodged the issue!

notsofast said:
Total hypocrite!

LMAO

You are so easy!

Easy? What of any value have you added to this ridiculous back and forth. Congress should pay as they go, we are in a deep enough hole as it is. Congress wastes and has wasted enoough taxpayer money, or would you rather we just print as we go?

We don’t need to pay for tax cuts. What a ridiculous assertion — we need to pay to not tax people! *LOL*

We need to CUT SPENDING.

kenm said:
Pence got it wrong. Tax cuts are good for the economy because they reward people for being productive and encourage entrepreneurs to invest more in their business and hire people. It’s about the jobs dummy! Unemployment benefits are necessary to provide some temporary safety net for those that lose their jobs. However, if those benefits are simply extended ad infinitum then it only encourages the less productive members of society to just sit on their ass while the more productive are forced to pay for their Cheetos and Oprah addictions.

So then, the biggest tax reduction in history occured ten years ago under the Bush administration, at a time when the Republicans controlled both houses of Congress, using the reconciliation process. Those tax cuts are still in effect. According to your theory, the “supply side economics theory”, all that money which did not go to the government was suppposed to be magically reinvested by the private sector and created growth in productivity, and jobs. Where are the jobs?

Sorry, jimmy, I had my fun with your pathetic ass, on to other topics!

I will smell ya later!

Fighting the extension of unemployment benefits is a losing issue for Republicans, particularly since unemployment remains so high thanks to the Democratic Party’s socialist economic policies.

I know about the “Pay-as-you-go” bill passed at the urging of Pres. Obama in Feb. 2009. (“It’s pretty simple. It says to Congress,…You can’t spend a dollar unless you cut a dollar elsewhere”) So when he attacks Republicans while conveniently forgetting the mandate he pushed for, yes, Pres Obama is being a lying, hypocritical fool. So, what else is new?

The main thing is to win in November. Denying the extension of benefits will not further that goal.

felixw said:
After the Bush tax cuts, the economy grew rapidly and federal tax revenues increased by $785 billion over the next four years — the largest increase in US history.

But the Left still opposes tax cuts, even though they consistently create jobs, prosperity and even more money for government. That’s what happens when a class envy becomes more important than practical results. And the Democrat party nowadays is all about class envy.

You can quote all the ridiculous statistics and figures you can Google. This country and its form of government is broke and broken. This over spending and total lack of fiscal accountability MUST stop. As you saw on Fox probably, the Republicans are unhappy because Obama has done something positive for the nation and may effect the ability to get re-elected. how can you guys buy into all this bullshit, it’s no better with either side in office. WAKE UP! Drop your partisan ways and let’s take our country back. Who of you can actually say the Bush Administration was better than the Obama and how. Don’t give me politicized drive you heard a Congressional or Senatorial ass wipe state on TV, let’s talk about our personal lives. Bush caused this country to cave-in and almost fall into the deepest a depression and that’s a fact. Barton and cronies are responsible for handing big oil billions and you sit back on your fat asses and defend these stealing and lying rats? Wake up before it’s too late. Most iof you have intelligence but few of you are using it. Look at both parties and ask, “What have they done for me lately? What happened to the concept of “Government by the people…of the people…for the people”? The only association you have with the current governmental system is voting (if you actually do) and coming to sites like Mediaite and defending the ridiculous and corrupt 2-party system. WAKE UP PEOPLE…WE ARE BROKE AND BROKEN!!

Your turn AOTA!

notsofast said:
Poor jimmy- your village is missing its idiot- you.

AOTA!

jimmy is 63- that makes you a fossil fart!

LOL

notsofast said:
You are the ancient one at 63!!

Can I borrow your face for a few days while my ass is on vacation?

Ask your ass to bring your brain back…on second thought it’s probably better up your ass where it resides!

Azarkhan said:
Fighting the extension of unemployment benefits is a losing issue for Republicans, particularly since unemployment remains so high thanks to the Democratic Party’s socialist economic policies.

I know about the “Pay-as-you-go” bill passed at the urging of Pres. Obama in Feb. 2009. (“It’s pretty simple. It says to Congress,…You can’t spend a dollar unless you cut a dollar elsewhere”) So when he attacks Republicans while conveniently forgetting the mandate he pushed for, yes, Pres Obama is being a lying, hypocritical fool. So, what else is new?

The main thing is to win in November. Denying the extension of benefits will not further that goal.

Spoken like a true Republican, YOUR party caused this meltdown and loss of jobs, why won’t you fools accet the fact? Bush was warned in 2005 about the potential mess the banking and investment mess would cause and he ignored it, much like Katrina. That is documented. And you can bring Obama’s unexplainable slow reaction to the BP mess and I will totally agree with you. Let’s lay blame where it is supposed to lie.

notsofast said:
jimmy is 63- that makes you a fossil fart!

LOL

You look older than I, so be careful and I doubt very seriously you could keep up with me.

notsofast said:
Women with big dicks that’s what you like!

LOL

Is such utter filth really necessary. We got Sara N. Italy to clean up her language. You should, too.

How can anyone, except a corrupt politician and his/her supporters complain about this?

Obama’s words:
“Now, Congress will have to pay for what it spends, just like everybody else,” Obama said in his radio and Internet address released Saturday morning. “After a decade of profligacy, the American people are tired of politicians who talk the talk but don’t walk the walk when it comes to fiscal responsibility. It’s easy to get up in front of the cameras and rant against exploding deficits. What’s hard is actually getting deficits under control. But that’s what we must do.”

Read more: http://www.politico.com/news/stories/0210/32921.html#ixzz0u9xCAldi

Oh please! Savannah Guthrie and Chuck Todd, who don’t work on weekends asked Rubio this same question and got the same bullshit GOP talking point answer. Now, if these tax cuts for the rich spur investment and growth than why did we lose 7 million jobs under Bush? Those tax cuts don’t spur anything but savings for the wealthy. And before you bother telling me that we’ve lost 3 million jobs since Obama came into office remember, that those tax cuts for the wealthy are still in affect until next year. As Paul Krugman has repeatedly stated, if you give him a tax cut, he’s going to save it, if you give an unemployed person a check, they’ll spend it out of necessity. It’s really very simple. Besides, that deduction on all of our paychecks that read UI, is a tax taken out ouf all of our checks each week for Unemployment Insurance. They don’t take that out for just 99 weeks, they take it out EVERY WEEK! And UI extensions have always been passed if the unemployment rate is 7.2% or higher. The GOP is full of shit. They still don’t care about anyone but the wealthy. Their supporters are just too stupid to notice though many appear to be waking up if the calls into CSPAN this morning were any indication. These folks said that they were going to vote for Democrats because they were insulted by being called lazy. One more thing, unemployment only pays you I believe 38% of what you were actually making when you had a job. Who could live off just 38% of what they make at a job?

“Bush was warned in 2005 about the potential mess the banking and investment mess would cause and he ignored it”

Barney Frank blocked any crackdown on Fannie Mae or Freddie Mac. The subprime mortgage crisis triggered the recession.

http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2008/09/28/franks_fingerprints_are_all_over_the_financial_fiasco/

Explain why it was OK for Republicans to pass the extensions during Bush’s 8 years. Unemployment has been passed under the emergency act since The New Deal when it was firt enacted. Again, if it’s 7.2% or higher, it’s passed as an emergency. You can’t complain about high unemployment and not vote for extensions without looking like a hypocrite. Or maybe you can if you’re a Republcan!

The Real Royal King said:
Is such utter filth really necessary. We got Sara N. Italy to clean up her language. You should, too.

Below me!

roxsteady said:
Explain this

Explain this:

emarks of President Barack Obama
Weekly Address
February 13, 2010

But what also made these large deficits possible was the end of a common sense rule called “pay as you go.” It’s pretty simple. It says to Congress, you have to pay as you go. You can’t spend a dollar unless you cut a dollar elsewhere. This is how a responsible family or business manages a budget. And this is how a responsible government manages a budget, as well.

It was this rule that helped lead to balanced budgets in the 1990s, by making clear that we could not increase entitlement spending or cut taxes simply by borrowing more money.

That is why this rule is necessary. And that is why I am pleased that Congress fulfilled my request to restore it. Last night, I signed the “pay as you go” rule into law. Now, Congress will have to pay for what it spends, just like everybody else.”

Wrong again! While both parties are responsible for the crash, this article is actually about why the GOP thinks tax cuts for the wealthy don’t have to be paid for but, unemployment benefits do for the first time in history.
Here’s the fact check on the financial collapse. The Boston Globe like faux news is a wingnut org.
You’ll find Fannie and Freddie in this article but, the ascertion that they were the caused is debunked!
http://www.factcheck.org/elections-2008/who_caused_the_economic_crisis.html

That’s right that rule is called Pay Go and the Republicans said they were for it but, voted against it as well! Again, this article isn’t about Pay Go, Earmarks or Fannie and Freddie, it’s about tax cuts for the wealthy that are not paid for. Remember?

I have to go now but, when anyone here figures out why the GOP thinks those tax cuts for the wealthy were so great for the economy that fell under him, you be sure and post it! I’m leaving early to go swimming!

roxsteady said:
it’s about tax cuts for the wealthy that are not paid for. Remember?

Wrong! The repubs say you should pay for the unemployment with budget cuts not tax cuts.

The Bush tax cuts are a separate issue.

Just another example of “If you say if often enough it is true”. Tax rates were hirer during the Clinton years and I wish I had a time machine to those day. They were way hirer in the Eisenhower years and the country and economy grew.

This crash was the result of the power elite creating a system that was bound to fail and then being bailed out for their bad behavior. And once again as has happened throughout the history of the world, the “small people” are left to pay for the elite’s mistakes and blatant stealing.
Same old story in a new century

Aimlow Joe was here.
http://www.aimlow.com

Roxsteady, I repeat, federal tax revenues increased by almost $800 billion after the Bush tax cuts. Check the numbers for yourself, if you are capable of doing so. Federal tax receipts also increased after the Reagan tax cuts. They increased after the Kennedy tax cuts too. For you to blubber on about tax cuts “not being paid for” is in complete disregard of facts. Even today, after the economic destruction of the last two years, Federal tax revenues are still far above what they were before the Bush tax cuts.

By the same token, every time the Democrats have raised capital gains tax, the receipts from the tax have dropped.

You don’t seem to comprehend that the economy is a dynamic system, and responds to incentives and disincentives. Right now, the Obama administration is creating disincentives for productive behavior, and the results are (as always happens in these situations) the destruction of jobs and prosperity.

aimlowjoe said:
his crash was the result of the power elite creating a system that was bound to fail and then being bailed out for their bad behavior

Wrong.

The collapse was due to the juvenile and sophomoric idea that everyone is entitled to a house.

Only “libs” are unemployed?

This is absolutely correct. Barney Frank and the Democrats turned a home mortgage into an entitlement, and prodded banks to “roll the dice” (those were Frank’s exact words) and give loans to people who couldn’t pay them back. The results speak for themselves.

And this same politicians just dumped another 2,000 pages of regulation on banks last week. The cost of borrowing will go up for every business owner in the country, thanks to Barney.

felixw said:
And this same politicians just dumped another 2,000 pages of regulation on banks last week

And guess who is exempt from these new regulations?

Freddie Mac and Fannie Mae.

felixw said:
This is absolutely correct. Barney Frank and the Democrats turned a home mortgage into an entitlement, and prodded banks to “roll the dice” (those were Frank’s exact words) and give loans to people who couldn’t pay them back. The results speak for themselves.

And this same politicians just dumped another 2,000 pages of regulation on banks last week. The cost of borrowing will go up for every business owner in the country, thanks to Barney.

And, it’s disgraceful. Home ownership in Amerika should be limited to the top 10% in income. Vote Republican!

notsofast said:
Home ownership in Amerika should be limited to

those who can qualify and afford it and not to deadbeat libs who think home ownership is a “right.”

notsofast said:
those who can qualify and afford it and not to deadbeat libs who think home ownership is a “right.”

I would argue that having a place to live is a right, as in life, liberty and the pursuit of happiness, of every American citizen. No one asked to be born. And conservatives want as many people as possible to be born, even unwanted children. Now the conservative capitalists support politicies that send all the jobs out of the country, while filling their own pockets. Then they say, hey too bad.

valkyrie101 said:
I would argue that having a place to live is a right,

You have the right to pursue happiness which may be a home and you can use your life and liberty to do so, but you have no right to a home. You have “equal opportunity” to succeed but no right to succeed.

Equal opportunity? LOL

valkyrie101 said:
Equal opportunity? LOL

I guess pathetic libs don’t have EO.

That’s your fault.

notsofast said:
You have the right to pursue happiness which may be a home and you can use your life and liberty to do so, but you have no right to a home. You have “equal opportunity” to succeed but no right to succeed.

Again, if jobs are intentionally shipped overseas so that the big corporations can save money on manufacturing costs and thereby increase profits, explain to me where people are supposed to work? [And if you say one of those minimum wage jobs then explain how and where any person survives on $280 (or if they work a second part time job maybe $400) per week since that is well below the poverty level.

valkyrie101 said:
Again, if jobs are intentionally shipped overseas so that the big corporations can save money on manufacturing costs and thereby increase profits, explain to me where people are supposed to work? [

Then if the jobs are overseas , you go overseas.

Wow- that was difficult isn’t it?

notsofast said:
I guess pathetic libs don’t have EO. That’s your fault.

From the standpoint of production, which is the way conservative economists see things, you are not born equal in any sense of the word. Statistically, a certain percentage of people, for whatever reason, are less capable than others. It is inhumane to tell people who are left without a chair to live in a box.

notsofast said:
Then if the jobs are overseas , you go overseas. Wow- that was difficult isn’t it?

Yes, and I heard that junks on the Hong Kong waterfront are quite reasonable.

valkyrie101 said:
notsofast said:
Then if the jobs are overseas , you go overseas. Wow- that was difficult isn’t it?

Yes, and I heard that junks on the Hong Kong waterfront are quite reasonable.

Hey, the Mexicans are coming to the USA- get with the program!

Oh, don’t tell me- a job is a right also?

notsofast said:
Oh look, the racist is here.

Oh look the true racist is always here notsotolerant

I gues white racist marry black women to prove that… Uh why am I a racist again? Because I’m white and I call out white people? Nice try douche bag. I would venture to say that you are the spitting image of your Avatar. Why are you on this site 24/7? Pretty pathetic for sure!

notsofast said:
Oh, don’t tell me- a job is a right also?

A job is a right asstit

notsofast said:
jim, You are the only person who can eat his own weight in scat in one sitting.

Where did you get your tired stand up routine?

notsofast said:
Hey, racist, this is what Barry said in Feb:

“That is why this rule is necessary. And that is why I am pleased that Congress fulfilled my request to restore it. Last night, I signed the “pay as you go” rule into law. Now, Congress will have to pay for what it spends, just like everybody else.”

So STFU, hypocrite.

This is emergency funds you bitch. Do you understand the difference?

Dave Noland said:
A job is a right asstit

FU- racist and kiss my white ass!

Dave Noland said:
This is emergency funds you bitch. Do you understand the difference?

You are a loser, do you understand that?

Dave Noland said:
This is emergency funds you bitch. Do you understand the difference?

Thanks for pointing out that Barry is a liar lib, like you!

Dave Noland said:
ecause I’m white and I call out white people?

You are a self-hating white socialist, dbag.

notsofast said:
Thanks for pointing out that Barry is a liar lib, like you!

Very witty:)

notsofast said:
You are a self-hating white socialist, dbag.

Nope. Wrong again. I’m just a white guy who calls the racism out when I see it. Unfortunately I could take a full time job to call you out. Plus an intern

At times, the proper course of action is counter-intuitive. The course of action is not some gut reaction, some platitude. The Great Depression lasted longer than it should because the Congress went wobbly and scaled back the New Deal. The Japanese depression of the 90′s lasted a full decade because the stimulus was scaled back. The answer is to keep the money, the projects flowing, and polls indicate the American people are acutely aware of this even if the gutless, do-nothing Republicans are not.

Grampy nutso don’t you think you’ve spewed enough hate for one day, It’s time for your nap and a depends change. You can relive your good ol’ segregationsts days another time

Hey Real Royal King, what is wrong with people buying a house they can afford? Why do taxpayers need to bail out spendthrifts, who borrowed to the hilt (courtesy of Barney Frank), and then discovered they couldn’t cover the payments? Why don’t you volunteer your money to help these folks buy their fancy homes?

Republicans scream that Obama needs to create jobs out of one side of their mouth, then call people who can’t find jobs, lazy slobs and unproductive individuals out of the other side. If there were enough jobs, these people wouldn’t be unemployed. We see headlines where 500 people or more show up for one custodial job, but still call these uninsured lazy and unproductive.

No one is asking Obama to create jobs. We just want him to stop punishing the people and businesses who are in a position to do the hiring. The private sector will do the rest, without any help from the Democrats.

Certainly there are lots of people out there struggling to find work. but government assistance is a stopgap and not a solution. To give handouts to people for a few more weeks is all well and good, but we won’t fix this mess until Obama stops pushing this anti-business agenda, in which every week there is a new job-killing policy enacted.

So far, we have seen these steps from Obama-Pelosi-Reid:

Numerous Obamacare mandates on employers (= fewer jobs)
More than a dozen new taxes in the Obamacare bill (= fewer jobs)
Moratorium on offshore oil drilling (= fewer jobs)
Higher capital gains taxes coming in 2011 (= fewer jobs)
Higher dividend taxes coming in 2011 (= fewer jobs)
2,000 page bill full of new regulations for financial institutions (= fewer jobs)
Constant vilifying and threats against a range of industries (insurers, investment banks, oil companies, etc.) (= fewer jobs)
Return of the death tax in 2011 (= fewer jobs)
Plans for cap-and-tax (= fewer jobs)
Threats of a V.A.T. (= fewer jobs)
Runaway deficits squeezing out capital for the private sector (= fewer jobs)
Etc. etc. etc.

But here is the funny part. The Democrats are now surprised that they are approaching an election in 100 days, and the economy is still in the dumps. How clueless can these folks be? They do everything possible to eliminate prosperity and wealth-creation, and then are stunned when the economy shrivels up and dies. Its just sad that the rest of us are forced to be on the boat with them as it goes down.

From the site recommended by that lefty, Roxy:
Oct 1, 2008

“It’s true that key Democrats opposed the Federal Housing Enterprise Regulatory Reform Act of 2005, which would have established a single, independent regulatory body with jurisdiction over Fannie and Freddie – a move that the Government Accountability Office had recommended in a 2004 report. Current House Banking Committee chairman Rep. Barney Frank of Massachusetts opposed legislation to reorganize oversight in 2000 (when Clinton was still president), 2003 and 2004, saying of the 2000 legislation that concern about Fannie and Freddie was “overblown.” Just last summer, Senate Banking Committee chairman Chris Dodd called a Bush proposal for an independent agency to regulate the two entities “ill-advised.”"

“Actually, deregulated banks were not the major culprits in the current debacle. Bank of America, Citigroup, Wells Fargo and J.P. Morgan Chase have weathered the financial crisis in reasonably good shape, while Bear Stearns collapsed and Lehman Brothers has entered bankruptcy, to name but two of the investment banks which had remained independent despite the repeal of Glass-Steagall.”

The Real Royal King said:
At times, the proper course of action is counter-intuitive. The course of action is not some gut reaction, some platitude. The Great Depression lasted longer than it should because the Congress went wobbly and scaled back the New Deal. The Japanese depression of the 90’s lasted a full decade because the stimulus was scaled back. The answer is to keep the money, the projects flowing, and polls indicate the American people are acutely aware of this even if the gutless, do-nothing Republicans are not.

Hey Royal King, if spending money you don’t have creates wealth, then Argentina would be the richest country in the world. Do you manage your own household that way? A great idea — become prosperous by running up bill you can’t pay.

By the way, the idea the Great Depression was extended by rolling back the New Deal is the funniest thing I’ve heard since the last press release from Media Matters. The ramp-up in entitlements and New Deal programs during the Great Depression was enormous, and beyond anything ever seen previously in the history of the world. This was the single biggest burst of leftwing policy-making since the country was founded. The fact that it led to enormous job losses, wealth destruction, declines in asset values, and poverty is a matter of record.

Royal King, here are the real numbers on government spending during the 1930s — that is, if you dare look at real numbers for a change, instead of just mouthing off ideology. As you can see there was no retrenching of federal spending programs during this period.

http://www.usgovernmentspending.com/downchart_gs.php?year=1930_1940&view=1&expand=&units=b&fy=fy09&chart=F0-total&stack=1&size=m&title=&state=US

This same period was marked by devastating poverty, job losses, economic stagnation, bankruptcies and declining asset values. So much for increased deficit spending as a source of prosperity!

Well, a very interesting quote from Larry Summers, Director of the White House’s National Economic Council for President Barack Obama:

Unemployment insurance also extends the time a person stays off the job. Clark and I estimated that the existence of unemployment insurance almost doubles the number of unemployment spells lasting more than three months. If unemployment insurance were eliminated, the unemployment rate would drop by more than half a percentage point, which means that the number of unemployed people would fall by about 750,000.

More from Larry Summers:

To fully understand unemployment, we must consider the causes of recorded long-term unemployment. Empirical evidence shows that two causes are welfare payments and unemployment insurance. These government assistance programs contribute to long-term unemployment in two ways.

First, government assistance increases the measure of unemployment by prompting people who are not working to claim that they are looking for work even when they are not. The work-registration requirement for welfare recipients, for example, compels people who otherwise would not be considered part of the labor force to register as if they were a part of it. This requirement effectively increases the measure of unemployed in the labor force even though these people are better described as nonemployed—that is, not actively looking for work.

The second way government assistance programs contribute to long-term unemployment is by providing an incentive, and the means, not to work. Each unemployed person has a “reservation wage”—the minimum wage he or she insists on getting before accepting a job. Unemployment insurance and other social assistance programs increase that reservation wage, causing an unemployed person to remain unemployed longer.

MichelleF said:
More from Larry Summers: To fully understand unemployment, we must consider the causes of recorded long-term unemployment. Empirical evidence shows that two causes are welfare payments and unemployment insurance. These government assistance programs contribute to long-term unemployment in two ways. First, government assistance increases the measure of unemployment by prompting people who are not working to claim that they are looking for work even when they are not. The work-registration requirement for welfare recipients, for example, compels people who otherwise would not be considered part of the labor force to register as if they were a part of it. This requirement effectively increases the measure of unemployed in the labor force even though these people are better described as nonemployed—that is, not actively looking for work. The second way government assistance programs contribute to long-term unemployment is by providing an incentive, and the means, not to work. Each unemployed person has a “reservation wage”—the minimum wage he or she insists on getting before accepting a job. Unemployment insurance and other social assistance programs increase that reservation wage, causing an unemployed person to remain unemployed longer.

The problem with your theory on unemployment is that it does not address the issue of jobs, or I should say, the lack thereof. Corporations have moved production to foreign countries where labor and other costs are dirt cheap in order decrease expense and increase profits. You seem to want to blame the unemployed worker instead of dealing with the reality that jobs have been exported to other countries.

valkyrie101 said:
The problem with your theory on unemployment is that it does not address the issue of jobs, or I should say, the lack thereof.

That’s not here theory- it’s the opinion of Barry’s economic advisor Larry Summers.

Dave Noland said:
Nope. Wrong again. I’m just a white guy who calls the racism out when I see it. Unfortunately I could take a full time job to call you out. Plus an intern

Hey, shit for brains, I saw the Agriculture Dept. forced the resignation of that black racist in the dept.

I am so happy!

And her racism was shown at a NAACP meeting!

“Days after the NAACP clashed with Tea Party members over allegations of racism, a video has surfaced showing an Agriculture Department official regaling an NAACP audience with a story about how she withheld help to a white farmer facing bankruptcy — video that now has forced the official to resign.

Shirley Sherrod, the department’s Georgia director of Rural Development, is shown in the clip describing “the first time I was faced with having to help a white farmer save his farm.” Sherrod, who is black, claimed the farmer took a long time trying to show he was “superior” to her. The audience laughed as she described how she determined his fate.

“He had to come to me for help. What he didn’t know while he was taking all that time trying to show me he was superior to me was I was trying to decide just how much help I was going to give him,” she said. “I was struggling with the fact that so many black people have lost their farmland and here I was faced with having to help a white person save their land — so I didn’t give him the full force of what I could do. I did enough.”

The Agriculture Department announced Monday, shortly after FoxNews.com published its initial report on the video, that Sherrod had resigned.

GOP BAGGers will do or say whatever it takes to accomplish their #1 priority ( well besides saying no to everything): make the (democratic) President look bad

The problem with your theory on unemployment

As notsofast pointed out Val, this isn’t my theory, it’s BO’s guy. Now knowing that, I’d love to see how you going to spin your way out of your comments.

Lets reverse the situation. Say a company gives everyone a contract for 5 percent above their normal total pay. Its a 6 year contract but the people in charge change over to another group.

The new group who promised to make the company even better by being even more ethical and transparent start running the company into the ground. They start complaining about how much money they are losing paying that extra bit of salary and keep bad mouthing the people who make the most money by working the hardest getting all that extra money, Then compare it to all near the bottom who aren’t getting nearly as much to create envy in their hearts.

The contract isn’t renewed and all the people go back to their normal salary. Now the people running the company keeping saying No No No That wasn’t a pay cut for you that was it returning to what it was 6 years ago. People stop being so productive because they all know it was a pay cut no matter how much the lie is told. The Main Stream media praises the company for their foresight and bravery.

Soon the company goes under and the Media blames the employees for it not the new management.

Now explain to me how people getting less of their own money is not a massive tax increase again but a normalization

Chris Wallace wants to know and so do millions of Americans,,,How can they not bother with this again until NOVEMBER??? Let’s lay them all off in Congress and teh Senate and have them file for unemployment shall we? Better yet sign the petition that is going around to lower their salary from 175,000 to 50,000. With those big mansions the heat bills in November might be a bit steep to pay out of unemployment compensation INSURANCE check.

D REX said:
GOP BAGGers will do or say whatever it takes to accomplish their #1 priority ( well besides saying no to everything): make the (democratic) President look bad

Barry is doing that quite well on his own, thank you very much.

You can’t GET unemployment compensation without having first EARNED it by working and paying UC premiums. Many of the people receiving it worked for decades before losing their jobs. These people are not deadbeats.

One reason our government exists is to assist citizens in need. Tea Partiers who claim to revere the Constitution may forget that it was created, in part, to “promote the general Welfare.” The bare subsistence that unemployment insurance provides is the least we can do for Americans in trouble.

Let’s have the wealthy pay THEIR fair share. They benefit disproportionately from our “commons”; roads, ports, public utilities and other infrastructure. We could then afford to give temporary aid to the unemployed AND make a down payment on almost a decade of unfunded Republicant wars and spending binges.