Posted on 08/05/2012 5:08:06 AM PDT by Alas Babylon!
Not quite.
The Progs have no documents, no evidence, nothing, outside of current year returns. Yet, the MSM gives life to Reid’s lies.
0bama sealed all birth/school/work records and released forged documents. We have no evidence of 0bama’s past except for two books full of composites and fiction. Yet, the MSM spikes all stories damming to 0bama
I think Moody’s needs to be called on their assumptions, it’s more of a self fulfilling prophesy; Mark Zandi, Chief Economist Moody’s Analytics.
September 20, 2010
Economists: Extend Bush tax cuts for everyone
http://money.cnn.com/2010/09/19/news/economy/what_to_do_economists_survey/index.htm
“If those tax cuts expire for everybody, we go into a double-dip recession,” said Mark Zandi, chief economist of Moody’s Analytics.
Zandi and some of the economists calling for an extension of cuts for the wealthy want to phase out the lower rates for those taxpayers after a couple of years to limit the cost to the Treasury.
Romney’s wife already said no more tax returns. They tore her to shreds over how much she spends on maintaining her Olympic class horse (Never comment on Moochelle’s clothing, trips, etc)
She will not feed the beast anymore and Mitt has to respect that.
great as always
Democrat party politics of desperation. Say any lie, smear anyone, demagogue endlessly, in a hysteric effort to keep the focus off Obama’s record of corruption and incompetence
Remember Mark Zandi, Chief Economist Moody’s Analytics, is also one of the Democrat’s go-to Economist;
October 22, 2009 Transcript of Pelosi, House Democratic Leaders, and Economists’ Press Conference Following Economic Forum
October 22, 2009
Speaker Pelosi.
Good afternoon. We just had a very instructive meeting with some leading economists about the number one subject on the minds of the American people: jobs. Jobs, jobs, jobs, and jobs. ... They are going to tell you some of their forecasts that they told us about some of the options that we may have in investments in tax policy, in budgetary overdue, on how we can create jobs in the most fiscally sound way. ...I am pleased that we had the benefit of the thinking of Dr. Mark Zandi, Dr. Alan Blinder, Bob Kuttner, Heather Boushey, Bill Hambrecht, and Allen Sinai. ...
Mark Zandi.
Thank you, Madam Speaker. I want to thank you for the opportunity, and all the House leaders, for the opportunity to be here today. I thought it was a very fruitful meeting, and I made three points in the meeting. First, I think the fiscal stimulus, the recovery package, is working. I don’t think it is any accident that the recession has come to an end just about the same time that the stimulus is providing its maximum economic benefit. I think it has been very successful, most importantly the benefits to unemployed workers, as well as to help state government. I think that has been key, along with the other aspects of the stimulus.
The second point is that the recovery is still very fragile and still very tentative. I think the risks to the recovery are quite significant and the possibility of the economy slipping back into a recession next year are uncomfortably high for a number of reasons – most important of which is what is going on the job market, the fact that businesses while they are curtailing their layoffs, they have not begun to hire more aggressively. I think that is a function of a number of things, a lack of confidence, a lack of credit, and therefore I think, this gets to point number three, which is that it is very important for policy makers to remain aggressive and continue to do more, and I listed a number of things which I think would be very helpful.
Most obviously, I think extended unemployment insurance benefits should be extended through the end of 2010. Right now under the current stimulus they expire at the end of 2009, and they need to be extended. I think the first-time homebuyer tax credit should be extended into mid-next year to help support the housing market which is still incredibly fragile. I think accelerated depreciation of net operating loss carryback, which also expires at the end of this year should be extended into the 2010 and the conforming loan limits that are temporarily higher through the end of 2009 should be extended through the end of 2010. So a number of things should be extended through 2010 to make sure that the economy, the recovery is going to evolve into a self sustaining economic expansion.
And let me say this: I think our focus on the fiscal situation and deficit is very important in the long run, but I think it is also very appropriate to run a larger near term budget deficit to make sure that this economy gets out of this situation and gets on a self sustaining economic track. Thank you.
Yes Ma'am, I'm listening.
no one in the Republican party, NO ONE?...knew that this was going on?
Yes, I believe they did. The culprit, The Community Reinvestment Act, emerged during the Carter Administration. I haven't researched who introduced it, and who supported it. Clinton revitalized it.
Did they get some pork barrel projects approved for looking the other way?
Oh, I'm sure, and that's been going on forever. The late Olympia Snowe lammented that "that's how you get things done in Washington". And McPain is always "reaching across the aisle" (sounds kinky to me)
WE DON'T LIKE IT AND WE DON'T WANT IT!
Cause anybody believe that whole Dem stupid social project was done without the pubs knowing..
No, Newt should have killed it (although he did execute a pretty full plate of agenda) Bush should have killed it when he had the Congress.
But I remember Dubya talking about how he wanted to expand home ownership to all Americans....not a good sign.
we got a political class in this country that we’ve GOT to get out of there.
Yes, and they are the RINOs, the liberal GOP-e. Hopefully this upcoming election will accomplish that by dunging-out Congress, and giving us the majority in the Senate. Both Boner and McConnell need to back-bench.
First we identify the traitors. I nominate Bill Crystal
Hear hear! Him and his smarmy Chessie Cat smile.
You think McCain knew NOTHING about that giving mortgages away like popcorn?
He of all people (Keating Five) had to have known or been complicit. I'd like to know some facts on that.
Heck....do you think Dubya knew nothing?
Well as I said above. On the other hand Dubya warned Congress, something like 17 times, that Fannie/Freddie need to be torn down/scrutinized/overhauled.
Agreed, 100%.
I had the same thoughts last Wednesday. One twitter report after another, pictures of LONG lines and customers swarming Chik-fil-a counters, people rising up. Just like the Boston Tea Party. As I drove home and realized the magnitude of the Buycott success, a small tear of joy fell from my eye.
We had not paid particular attention to the Cruz campaign, many other irons on the fire, and watched FOX today to see what he was all about. So impressive in appearance, applied book smarts, and energy to spare. What’s not to admire? The GOP will soon have a bumper crop of new blood to join the House and Senate members already holding off the progressive/socialists now happily and frantically engaged in trashing and destroying this US Republic.
Ernst & Young LLP
July 2012
Long-run Macroeconomic Impact of Increasing Tax Rates on High-income Taxpayers in 2013
http://www.nfib.com/LinkClick.aspx?fileticket=OMV7uZczVaM%3D&tabid=1083
Executive Summary
...This report examines four sets of provisions that will increase the top tax rates:
The increase in the top two tax rates from 33% to 36% and 35% to 39.6%.
The reinstatement of the limitation on itemized deductions for high-income taxpayers (the “Pease” provision).
The taxation of dividends as ordinary income and at a top income tax rate of 39.6% and increase in the top tax rate applied to capital gains to 20%.
The increase in the 2.9% Medicare tax to 3.8% for high-income taxpayers and the application of the new 3.8 percent tax on investment income including flow-through business income, interest, dividends and capital gains.
With the combination of these tax changes at the beginning of 2013 the top tax rate on ordinary income will rise from 35% in 2012 to 40.9%, the top tax rate on dividends will rise from 15% to 44.7% and the top tax rate on capital gains will rise from 15% to 24.7%.
These higher tax rates result in a significant increase in the average marginal tax rates (AMTR) on business, wage, and investment income, as well as the marginal effective tax rate (METR) on new business investment. This report finds that the AMTR increases significantly for wages (5.0%), flow-through business income (6.4%), interest (16.5%), dividends (157.1%) and capital gains (39.3%). The METR on new business investment increases by 15.8% for the corporate sector and 15.6% for flow-through businesses.
This report finds that these higher marginal tax rates result in a smaller economy, fewer jobs, less investment, and lower wages. Specifically, this report finds that the higher tax rates will have significant adverse economic effects in the long-run: lowering output, employment, investment, the capital stock, and real after-tax wages when the resulting revenue is used to finance additional government spending.
Long-run macroeconomic impact of increasing tax rates on high-income taxpayers in 2013
Through lower after-tax rewards to work, the higher tax rates on wages reduce work effort and labor force participation. The higher tax rates on capital gains and dividend increase the cost of equity capital, which discourages savings and reduces investment. Capital investment falls, which reduces labor productivity and means lower output and living standards in the long-run.
Output in the long-run would fall by 1.3%, or $200 billion, in today’s economy.
Employment in the long-run would fall by 0.5% or, roughly 710,000 fewer jobs, in today’s economy.
Capital stock and investment in the long-run would fall by 1.4% and 2.4%, respectively.
Real after-tax wages would fall by 1.8%, reflecting a decline in workers living standards relative to what would have occurred otherwise.
These results suggest real long-run economic consequences for allowing the top two ordinary tax rates and investment tax rates to rise in 2013. This policy path can be expected to reduce long-run output, investment and net worth.
I think that would have been a good answer to Wallace's question to Ted Cruz regarding "what happened to the TEAparty?".
Hey Chris, who do you think those people were that came flooding in droves to support Chick Fil-A?
I think the issue is far larger in scope.
Nobody wants to see an American destroyed for merely holding an opinion different from a talk show host, or a Politican. Only the most rabid Prog will not realize the attacks on Chik-fil-A are rotten to the core, and must be extinguished.
NBC has been completely polluted by the far-Left leaning MSNBC (now, by the way, no longer; rather NBCNews.com).
The funny think is was when they released their “Lean Forward” slogan and announced their intentions of becoming the Leftard version of Fox News (which doesn’t exist, as Fox has lots of liberals—Colmes, Betchel, Rivera, Shep Smith, Kristen Powers, Juan Williams—former MSNBC has no conservatives); well, anyway, NBC PROMISED that there would be a wall between the so-called “centrist” NBC News and Left-Leaning-Forward MSNBC. None of the partisan stuff from MSNBC would be used by NBC.
Liars!!!
In fact, it is MSNBC that has swallowed NBC News whole. As far as I’m concerned, they’re the most rabidly partisan of all the networks. Far, far more than Fox, Rupert Murdoch or Roger Ailes could ever dream.
Republican and conservatives should refuse to appear on their trash network.
MSNBC—>Liberal—>democratic party—>Far Leftard—>NBC News.
I accept that assessment.
;->
I agree but don’t think we need to drive it home to the media/press but rather talk OVER them.
It’s like this...
Used to be:
democrats<—Media—>Republicans
Even and fair.
Now it is:
democrats—>Republicans
Media-———^
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