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Old October 21st, 2008, 02:46 AM
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Default Re: OT: US Pres election

Azselendor you do a very effective job of countering my comments. It is a pleasure as always to read your posts. While I am swayed to agree with you on a few items there are a couple that I need to offer counter points to.

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The only person that needs to be blamed for any hike in taxes is Bush.
Bush shouldn't become the scape goat for the fools who are really to blame. Most of which were fired and hired in 06. Those are the real asshats that are behind this. Bush has had no real power since 06.

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Doesn't matter who wins, the next president MUST raise taxes. It's not a future I like, but it's the end result of unrestrained liberal spending by the republican party. A government unable to raise revenue is doomed.
For the record the US economy grew more under Bush than it did Clinton. That is a verifiable fact of reality. This whole economic situation that we are now in is as much to blame on the failed democratic policies as it is on republican ones. For one, Bush inherited an economy that was going into the tank following 8 years of Clintonomic. Remember black Friday in October of 97? Two, this whole sub prime loan fiasco could have been resolved in 05, but NO, it was blocked by elements of both parties in control. Three, although Bush is the president, the Democrats have had control of Congress for the last two years and have done NOTHING to stem the tide when they could have.

I believe that this whole melt down can be traced right back to rising oil prices. That is what started this disaster ball rolling. It was predicted by a mathmatician back in 1999. He stated that within 10 years the price for oil will be more than $100.00 per barrel. That when that happened the US economy, and that of the world, would fall into chaos. He proved this by math.

As the oil prices rose, people had less and less disposable income so they started to use their credit cards. Once those were maxed out they stopped paying their mortgages so they could eat, keep the car, buy gas, and keep the lights on. The price of oil kept going up, mostly because the oil companies were buying their own oil via the speculator market which they only stopped after Bush and Congress finally threatened to look into the speculator market at the behest of conservative talk radio hosts and angry Americans. People who had these sub prime mortgages were the ones that were hurt first, once they stopped paying their mortgage and their homes fell into foreclosure the banks that held the paper started to fail. The rest is history in the making.

Quote:
Doesn't matter who wins, the next president MUST raise taxes. It's not a future I like, but it's the end result of unrestrained liberal spending by the republican party. A government unable to raise revenue is doomed.
I tend to agree with you in that tax increases are most likely going to happen. So why do both candidates keep saying they are going to cut taxes? Why not cut spending instead? And I hate to be the voice of reason all the time, but under Obama, government is poised to grow thus increasing the debt. In order to pay for his projects, taxes are going to have to be raised. And as we know, lower taxes fuel an economy, and higher taxes, especially in these times, stall the economy.

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John the Plumber, btw, isn't registered to vote and it's too late for him to register so if he really cared about his taxes, he should've registered to vote.
Fact Check: "The Ohio press reports that he (Joe the Plumber) is in fact registered to vote, under a slightly misspelling of his name." The misspelling was due in part to a clerical error.
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