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Obama's Class Warfare Strategy Is Working With

Canadian Content
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Obama's Class Warfare Strategy Is Working With Americans


Uncle Sam | 207272 hits | Oct 04 6:56 am | Posted by: Robair
50 Comment

Demonstrations against the financial elite on Wall Street, which began Sept. 17, are gaining momentum.

Comments

  1. by avatar DanSC
    Tue Oct 04, 2011 3:03 pm
    Wasn't one Tea Party enough?

  2. by avatar Robair
    Tue Oct 04, 2011 3:06 pm
    That's almost, sort of, a backhanded compliment from FOX News.

  3. by avatar BartSimpson  Gold Member
    Tue Oct 04, 2011 3:23 pm
    I guess a number of Americans aren't happy with a recession and they want to get started on the depression.

  4. by avatar andyt
    Tue Oct 04, 2011 3:25 pm
    Hallelujah, it's about time 'Bama got in the fight. Up til now is was just the tighty righties waging war. Time to kick ass, Barry.

  5. by avatar DanSC
    Tue Oct 04, 2011 3:31 pm
    "andyt" said
    Hallelujah, it's about time 'Bama got in the fight. Up til now is was just the tighty righties waging war. Time to kick ass, Barry.

    And decent political discourse is officially dead.

  6. by avatar BartSimpson  Gold Member
    Tue Oct 04, 2011 3:47 pm
    "andyt" said
    Hallelujah, it's about time 'Bama got in the fight. Up til now is was just the tighty righties waging war. Time to kick ass, Barry.


    Obama already acknowledged that raising taxes on the 'rich' will not increase tax revenues but he says it is still a matter of 'fairness'.

    I'm not surprised that you like that kind of thing, Andy.

    By the way, the Utopia that comes along with that policy looks like this:





    and it also looks like this:



    That last picture is a Soviet Acme grocery store. Notice the empty shelves? Are the shelves empty because evil capitalists won't give free food to the Soviet people or are the shelves empty because the politics of envy ALWAYS result in depradations?

    I saw this crap firsthand, Andy, and I swear to you that there is no amount of blood I won't spill in order to prevent it from happening in my country. I hope the voters eventually do the right thing but if we're ever faced with an overthrow of the Constitution then I know where I stand. Ironically, the immigrants to the USA from the former Eastern Bloc tend to feel the same way I do.

  7. by avatar andyt
    Tue Oct 04, 2011 3:51 pm
    "DanSC" said
    Hallelujah, it's about time 'Bama got in the fight. Up til now is was just the tighty righties waging war. Time to kick ass, Barry.

    And decent political discourse is officially dead.

    Dan, meet Bart. Bart, Dan.

    "BartSimpson" said
    Hallelujah, it's about time 'Bama got in the fight. Up til now is was just the tighty righties waging war. Time to kick ass, Barry.


    Obama already acknowledged that raising taxes on the 'rich' will not increase tax revenues but he says it is still a matter of 'fairness'.

    I'm not surprised that you like that kind of thing, Andy.

    By the way, the Utopia that comes along with that policy looks like this:





    and it also looks like this:



    That last picture is a Soviet Acme grocery store. Notice the empty shelves? Are the shelves empty because evil capitalists won't give free food to the Soviet people or are the shelves empty because the politics of envy ALWAYS result in depradations?

    I saw this crap firsthand, Andy, and I swear to you that there is no amount of blood I won't spill in order to prevent it from happening in my country. Ironically, the immigrants to the USA from the former Eastern Bloc tend to feel the same way I do.

  8. by avatar bootlegga
    Tue Oct 04, 2011 3:53 pm
    �Now, the Republicans� they said, �Well, this is class warfare.� You know what? If asking a billionaire to pay their fair share of taxes, to pay the same tax rate as a plumber or a teacher is class warfare, then you know what? I�m a warrior for the middle class. I�m happy to fight for the middle class.�


    R=UP

  9. by avatar andyt
    Tue Oct 04, 2011 3:54 pm
    How's this for decent political discourse, Dan?
    "andyt" said


    Canadian economists Dan Ciuriak and John Curtis argue in a provocative new study that maybe we have �everything all wrong� about how the global economy works. They�ve identified a series of anomalies that �call into question the basic understanding of economics that underpins policy formulation today,� in their paper, What If Everything We Know About Economic Policy is Wrong?

    Flexible labour markets, massive unrestrained capital flows, floating exchange rates, and tax breaks for investors and businesses to drive production of goods and services were supposed to bring prosperity.

    But three decades of these supply-side policies have produced the same economic problems they were supposed to fix, including stagnant growth, high unemployment, deflationary pressures and piles of public sector debt, according to Mr. Curtis, a fellow at the Centre for International Governance Innovation in Waterloo, Ont., and Mr. Ciuriak, former deputy chief economist at the Department of Foreign Affairs and International Trade.

  10. by avatar DanSC
    Tue Oct 04, 2011 3:58 pm
    "andyt" said
    How's this for decent political discourse, Dan?


    Canadian economists Dan Ciuriak and John Curtis argue in a provocative new study that maybe we have �everything all wrong� about how the global economy works. They�ve identified a series of anomalies that �call into question the basic understanding of economics that underpins policy formulation today,� in their paper, What If Everything We Know About Economic Policy is Wrong?

    Flexible labour markets, massive unrestrained capital flows, floating exchange rates, and tax breaks for investors and businesses to drive production of goods and services were supposed to bring prosperity.

    But three decades of these supply-side policies have produced the same economic problems they were supposed to fix, including stagnant growth, high unemployment, deflationary pressures and piles of public sector debt, according to Mr. Curtis, a fellow at the Centre for International Governance Innovation in Waterloo, Ont., and Mr. Ciuriak, former deputy chief economist at the Department of Foreign Affairs and International Trade.

    I guess we all have our heroes; people to whom we like to model our political discourse after. I'm glad you've found yours.

  11. by avatar BartSimpson  Gold Member
    Tue Oct 04, 2011 4:01 pm
    "bootlegga" said
    �Now, the Republicans� they said, �Well, this is class warfare.� You know what? If asking a billionaire to pay their fair share of taxes, to pay the same tax rate as a plumber or a teacher is class warfare, then you know what? I�m a warrior for the middle class. I�m happy to fight for the middle class.�


    R=UP


    Since you're both cheering on Warren Buffet (by proxy) here's a thought:

    Buffet whined about how his secretary pays a higher percentage of her income in taxes than he does. How about instead of him trying to raise taxes on other people the SOB just pays his secretary more money since the c***sucker can afford to?

  12. by avatar andyt
    Tue Oct 04, 2011 4:03 pm
    Then the secretary would be paying even more taxes, since the percentage she pays would not change, while Buffet gets another tax reduction.

  13. by avatar DanSC
    Tue Oct 04, 2011 4:07 pm
    You know what? If asking a billionaire to pay their fair share of taxes, to pay the same tax rate as a plumber or a teacher is class warfare, then you know what? I�m a warrior for the middle class. I�m happy to fight for the middle class.�

    I guess the flat tax idea is back?

  14. by avatar bootlegga
    Tue Oct 04, 2011 4:17 pm
    "BartSimpson" said
    �Now, the Republicans� they said, �Well, this is class warfare.� You know what? If asking a billionaire to pay their fair share of taxes, to pay the same tax rate as a plumber or a teacher is class warfare, then you know what? I�m a warrior for the middle class. I�m happy to fight for the middle class.�


    R=UP


    Since you're both cheering on Warren Buffet (by proxy) here's a thought:

    Buffet whined about how his secretary pays a higher percentage of her income in taxes than he does. How about instead of him trying to raise taxes on other people the SOB just pays his secretary more money since the c***sucker can afford to?

    In theory that's a good idea - pay your workers better wages, so they can pay more taxes. The problem with that notion is that his company would be slightly less profitable and its share prices would fall, which would affect him too.

    As we have seen over the past few decades, the trend in North America is for corporations to pay employees less, not more. That way, the company is more profitable (especially so if you outsource your manufacturing to Asia where people earn in a year what workers here earn in one month), and share owners get bigger dividends (Warren Buffet is in this group) and employees (like his secretary) can shop at Wal-Mart.

    You reap what you sow Bart.

    Corporate NA has spent the past couple of decades sending every job it can overseas, making them more profitable and shares prices rise, but haven't given a damn about their customers in the meantime. There will come a day (and it's probably not that far off) when many North American consumers will not be able to afford the gimcracks and goodies that actually drive our economy, nevermind things like houses and cars.

    What happens then? Whatever happens, it won't be pretty...



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  • Prof_Chomsky Tue Oct 04, 2011 11:42 am
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