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Honolulu_Blue 03-25-2009 10:27 AM

Quote:

Originally Posted by Mizzou B-ball fan (Post 1977099)
You're in the minority with that opinion, hence the reason the papers are being phased out.


Uh, duh.

Quote:

Originally Posted by Mizzou B-ball fan (Post 1977099)
I do find it interesting that we're the same age, but differ so greatly on the need for newspapers. Usually it's an old/young issue, but not in this case.


I guess I'm just "old school" that way.

I don't think we differ "that greatly." I get the vast majority of my news from the internet. Even when I read the paper in the morning, I still visit the Detroit Free Press' website a few times a day as well as other news websites (the Free Press isn't really that great a paper).

Still, I like the morning ritual sometimes of getting up, grabbing the paper off the front poor and reading it while I drink my coffee and my dog snoozes on my lap.

It's nice. I'll miss it.

Also, when reading the paper, I tend to read at least parts of stories that, if they were on the internet, I would never even bother to look at or know existed. That's just a format thing really.

I really didn't think this was a controversial stance or something that need be debated.

Passacaglia 03-25-2009 10:31 AM

Quote:

Originally Posted by stevew (Post 1977105)
Just cuz it's easier to read on the toilet does not make it superior. I wonder what they'll call the "sunday paper dump" in 50 years.


All he said was that he'll miss it, not that it's superior.

Mizzou B-ball fan 03-25-2009 10:31 AM

Quote:

Originally Posted by Honolulu_Blue (Post 1977107)
Still, I like the morning ritual sometimes of getting up, grabbing the paper off the front poor and reading it while I drink my coffee and my dog snoozes on my lap.

It's nice. I'll miss it.


I get up, grab the computer off the desk, and read the the news while drinking coffee with the dog snoozing on my lap.

It's really not that different, other than avoiding the need to wash the ink off your hands when you're done reading it.

molson 03-25-2009 10:34 AM

Quote:

Originally Posted by Honolulu_Blue (Post 1977107)
Uh, duh.

I guess I'm just "old school" that way.

I don't think we differ "that greatly." I get the vast majority of my news from the internet. Even when I read the paper in the morning, I still visit the Detroit Free Press' website a few times a day as well as other news websites (the Free Press isn't really that great a paper).

Still, I like the morning ritual sometimes of getting up, grabbing the paper off the front poor and reading it while I drink my coffee and my dog snoozes on my lap.

It's nice. I'll miss it.

Also, when reading the paper, I tend to read at least parts of stories that, if they were on the internet, I would never even bother to look at or know existed. That's just a format thing really.

I really didn't think this was a controversial stance or something that need be debated.


I'm with ya, and for me it extends to magazines and books also. I sit at a desk and stare at a computer all day at work, its nice to kick it old school once in a while.

If I read a computer screen for a long time, I don't feel all that good - it's like a really mild nausea, or foginess. I also have this feeling I've been wasting my time (even if I was doing something productive). With print, it's just a more positive feeling.

So I guess, umm, flame away?

lungs 03-25-2009 10:36 AM

I always found things like a big reference book (Baseball Prospectus Annual) to be superior for reading on the shitter anyway.

Like JimGA said, I'd rather read today's news than yesterday's history.

Mizzou B-ball fan 03-25-2009 10:39 AM

Quote:

Originally Posted by lungs (Post 1977112)
I always found things like a big reference book (Baseball Prospectus Annual) to be superior for reading on the shitter anyway.

Like JimGA said, I'd rather read today's news than yesterday's history.


I have the MAD Magazine Bathroom Companion on the top of my throne. Been reading that thing a few pages at a time for 2 years now. I'm about 2/3 of the way through that monster.

JPhillips 03-25-2009 10:40 AM

Quote:

Originally Posted by albionmoonlight (Post 1977043)
JPhil--

I'm not sure about that. The answer probably lies somewhere in the middle. I know that several people commented on how the sunset was how the President could present the upper bracket tax cuts to the people without having to explain deficits in the googleplex range. And, we don't know how many GOPers said that they wanted to make the cuts permanent, knowing that it would never happen, just to get the political credit for supporting it without the political fallout of actually doing it. (i.e. what happens every day in Washington).

But, was I too general when I implied that no one in the GOP wanted the tax cuts to be permanent? I am sure of it. Nice catch.


I really just found the labyrinth of rules around the reconciliation process to be fascinating. It makes sense that filibustering was traded for strict time limits, but I had never heard that before.

ISiddiqui 03-25-2009 11:14 AM

Oh fuck:


molson 03-25-2009 11:16 AM

That's definitely CHANGE

I think when it's all said and done, the tax on the "rich" will need to be far greater the the mild one talked about here, and the "rich" will include anyone with a job.

The spending puts us halfway to socialism, we just need to finish the second half and appropriate more private property.

Buccaneer 03-25-2009 11:33 AM

Quote:

Originally Posted by ISiddiqui (Post 1977154)
Oh fuck:



How can anyone believe that is even marginally acceptable? There were plenty of correct criticism about the $400b deficits but this makes that looks tiny.

Ronnie Dobbs2 03-25-2009 11:44 AM

Can someone more educated that me answer Bucc's question? Is there a plan to deal with a deficits that large? To my economically-uneducated mind it seems like a terrible idea.

JPhillips 03-25-2009 11:45 AM

I really don't have problem with 09-11 as that's the price we pay for having a structural deficit before the need for a stimulus. After that, though, things need to change.

edit: I'd also be curious what's driving that. My guess is that it has far less to do with new spending and much more to do with rising Medicare/Medicaid expense and a reduction in the FICA tax surplus that gets sucked into the general budget.

AENeuman 03-25-2009 12:03 PM

Good Frontline last night on all this. They argued that the Bush combo of new entitlements and lower taxes contributed most to this. which, of course, obama is also trying to do.

makes sense, how can the government create new huge entilements (prescription drugs,etc) and lower taxes and not be in serious trouble?

not sure which would be harder to do: raise taxes or end/curb entitlements. i would imagine the political power of the new and soon to be retired boomers will prevent cutting entitlements.

Favorite line from last night came from Judd Gregg Ranking Member, Senate Budget Committee (R-N.H.):

We are facing a financial catastrophe of inordinate proportions, because we have on the books obligations which exceed the net worth of the American public. In other words, there is $66 trillion of debt out there, and we don't know how we're going to pay for it. ... The net worth of the United States is $44 trillion, so ... we're essentially bankrupt as a country even though we don't admit to it.
http://www.pbs.org/wgbh/pages/frontl...emes/debt.html

sterlingice 03-25-2009 12:42 PM

Quote:

Originally Posted by Dutch (Post 1977068)
If you are tired of seeing rich people get all the breaks, work hard, make the right choices, and be rich yourself. But I'll bet once you achieve that goal, you'll might possibly be a little older, you might possibly have a family you are trying to support, and you might possibly being getting to retire pretty soon. Wouldn't it suck if you finally get there and realize that tax breaks have leveled the playing field and some snot nosed 21 year old liberal is making about the same as you?


All the usual Dutch crap aside, anyone with numbers on what percentage of wealth is inherited? Also, on what percentage of the previous generation's top 2, 5, or 10 percent has kids who are also in the next generation's top 2/5/10? I'd suggest there's a really strong correlation between where you start out and where you end up.

SI

sterlingice 03-25-2009 12:44 PM

Quote:

Originally Posted by JPhillips (Post 1977165)
I really don't have problem with 09-11 as that's the price we pay for having a structural deficit before the need for a stimulus. After that, though, things need to change.

edit: I'd also be curious what's driving that. My guess is that it has far less to do with new spending and much more to do with rising Medicare/Medicaid expense and a reduction in the FICA tax surplus that gets sucked into the general budget.


Agreed- until something gets done with health care, that bar is going to keep going up. And by "something gets done"- I'm not saying the government gets out of the health care business, they strip it back to bare bones, or completely take it over- but that's where those bars come from.

SI

Galaxy 03-25-2009 12:50 PM

Europe certainly is interesting:

EU president: U.S. economic plan a 'way to hell' - CNN.com
http://www.guardian.co.uk/business/2...ank-of-england

ISiddiqui 03-25-2009 12:56 PM

But that really is insane debt there. I can understand that in the long run we need to do something about health care, especially with the boomers coming of age. I'm not sure if this is the absolute best time for that. Bush already fucked things up and we see that in a craptastic economy and $400 billion in debt. I can accept more debt to get us out, but THAT much? And fixing health care and all the other stuff at the same time... whoa, whoa, whoa...

Galaxy 03-25-2009 12:57 PM

Quote:

Originally Posted by Ronnie Dobbs2 (Post 1977164)
Can someone more educated that me answer Bucc's question? Is there a plan to deal with a deficits that large? To my economically-uneducated mind it seems like a terrible idea.


Problem is, nearly half of Americans pay no income tax once credits and deductions kick in. In fact, they could even get more money back than they paid into the system the previous tax year. We have a income system in which half of the country pays to take care of the other half (and give them some money back on top of it).

sterlingice 03-25-2009 01:00 PM

Quote:

Originally Posted by ISiddiqui (Post 1977216)
But that really is insane debt there. I can understand that in the long run we need to do something about health care, especially with the boomers coming of age. I'm not sure if this is the absolute best time for that. Bush already fucked things up and we see that in a craptastic economy and $400 billion in debt. I can accept more debt to get us out, but THAT much? And fixing health care and all the other stuff at the same time... whoa, whoa, whoa...


No, I mean that's my point - I don't have a solution about how to fix it but realistically, that growth from 2012 thru 2020 is almost exclusively the growth of health care costs in the government (medicare/medicaid). Basically, if we have the same plans and policies as are in place now, that's what the government will owe.

SI

Galaxy 03-25-2009 01:04 PM

Quote:

Originally Posted by ISiddiqui (Post 1977216)
But that really is insane debt there. I can understand that in the long run we need to do something about health care, especially with the boomers coming of age. I'm not sure if this is the absolute best time for that. Bush already fucked things up and we see that in a craptastic economy and $400 billion in debt. I can accept more debt to get us out, but THAT much? And fixing health care and all the other stuff at the same time... whoa, whoa, whoa...


Health care scacres me for a few reasons:

1) A huge aging baby boomer population, which is huge, that will be going on Medicare and state health care plans in which the costs for senior citizens will be out-of-this-world. A smaller, less wealthy working generation that will have to cover these costs.

2) I keep hearing about spending x dollars on health care. What I don't I hear is any changes to keep costs down. What about malpractice protection (which should lower the insurance costs for doctors)? What about cost-to-benefit management (should patients, such as those on Medicaid and such, be allowed to demand and want all the lastest, most expensive treatments if other alternatives exist? Also should we extend the life of an elderly person if it will give them an extra six months or so at the cost it would require?).

3) What about illegal immigrants?

I don't think you can truly "fix" health care costs unless we get realistic about the costs that are involved.

KWhit 03-25-2009 01:10 PM

Quote:

Originally Posted by Galaxy (Post 1977217)
Problem is, nearly half of Americans pay no income tax once credits and deductions kick in. In fact, they could even get more money back than they paid into the system the previous tax year. We have a income system in which half of the country pays to take care of the other half (and give them some money back on top of it).


B.S.

The "half of Americans pay no income tax" fraud | Jay Bookman | ajc.com

ISiddiqui 03-25-2009 01:12 PM

Quote:

Originally Posted by sterlingice (Post 1977218)
No, I mean that's my point - I don't have a solution about how to fix it but realistically, that growth from 2012 thru 2020 is almost exclusively the growth of health care costs in the government (medicare/medicaid). Basically, if we have the same plans and policies as are in place now, that's what the government will owe.

SI


It's not solely health care though (though it accounts for quite a bit). There is also a tackling of energy policy, education policy, etc and various other spending (recall that the 2010 budget is about 10% more than 2009 budget and doesn't include the health care reform bill coming later this year).

The other thing is that the CBO's running of the numbers conflict with the WH's (no surprise) and show that after the huge bump of the stimulus year, the debt will grow year after year after year, even though we've been hearing different from the WH.

DaddyTorgo 03-25-2009 01:14 PM

Quote:

Originally Posted by Galaxy (Post 1977221)


2) I keep hearing about spending x dollars on health care. What I don't I hear is any changes to keep costs down. What about malpractice protection (which should lower the insurance costs for doctors)? What about cost-to-benefit management (should patients, such as those on Medicaid and such, be allowed to demand and want all the lastest, most expensive treatments if other alternatives exist? Also should we extend the life of an elderly person if it will give them an extra six months or so at the cost it would require?).

3) What about illegal immigrants?



These two things are huge. Cost-to-benefit management particularly. Why are we giving organ transplants to 75 year old people? Really? Let them kick off.

cartman 03-25-2009 01:16 PM

Quote:

Originally Posted by Galaxy (Post 1977217)
Problem is, nearly half of Americans pay no income tax once credits and deductions kick in. In fact, they could even get more money back than they paid into the system the previous tax year. We have a income system in which half of the country pays to take care of the other half (and give them some money back on top of it).


I assume you are referencing the Tax Foundation's report to get your data. That was a projection made last fall based on the proposed tax plans at that time from Obama and McCain. The true number is nowhere near half. From 1980 to 2000, the range has been between 18% and 25%, with a spike over the last 8 years to around 33%. Plus there has been quite a bit of disagreement over how the Tax Foundation arrived at their numbers.

The only way someone can get back more than they put in is if they qualify for Earned Income Tax Credit or claim the Child Tax Credit.

The Tax Foundation - Both Candidates' Tax Plans Will Reduce Millions of Taxpayers' Liability to Zero (or Less)

Mizzou B-ball fan 03-25-2009 01:19 PM

A pretty scathing critique of the AIG boss and the government's overreaction regarding return of the money.

Op-Ed Contributor - Dear A.I.G., I Quit! - NYTimes.com

Quote:

Dear A.I.G., I Quit!
Peter Ahlberg
March 24, 2009

The following is a letter sent on Tuesday by Jake DeSantis, an executive vice president of the American International Group’s financial products unit, to Edward M. Liddy, the chief executive of A.I.G.

DEAR Mr. Liddy,

It is with deep regret that I submit my notice of resignation from A.I.G. Financial Products. I hope you take the time to read this entire letter. Before describing the details of my decision, I want to offer some context:

I am proud of everything I have done for the commodity and equity divisions of A.I.G.-F.P. I was in no way involved in — or responsible for — the credit default swap transactions that have hamstrung A.I.G. Nor were more than a handful of the 400 current employees of A.I.G.-F.P. Most of those responsible have left the company and have conspicuously escaped the public outrage.

After 12 months of hard work dismantling the company — during which A.I.G. reassured us many times we would be rewarded in March 2009 — we in the financial products unit have been betrayed by A.I.G. and are being unfairly persecuted by elected officials. In response to this, I will now leave the company and donate my entire post-tax retention payment to those suffering from the global economic downturn. My intent is to keep none of the money myself.

I take this action after 11 years of dedicated, honorable service to A.I.G. I can no longer effectively perform my duties in this dysfunctional environment, nor am I being paid to do so. Like you, I was asked to work for an annual salary of $1, and I agreed out of a sense of duty to the company and to the public officials who have come to its aid. Having now been let down by both, I can no longer justify spending 10, 12, 14 hours a day away from my family for the benefit of those who have let me down.

You and I have never met or spoken to each other, so I’d like to tell you about myself. I was raised by schoolteachers working multiple jobs in a world of closing steel mills. My hard work earned me acceptance to M.I.T., and the institute’s generous financial aid enabled me to attend. I had fulfilled my American dream.

I started at this company in 1998 as an equity trader, became the head of equity and commodity trading and, a couple of years before A.I.G.’s meltdown last September, was named the head of business development for commodities. Over this period the equity and commodity units were consistently profitable — in most years generating net profits of well over $100 million. Most recently, during the dismantling of A.I.G.-F.P., I was an integral player in the pending sale of its well-regarded commodity index business to UBS. As you know, business unit sales like this are crucial to A.I.G.’s effort to repay the American taxpayer.

The profitability of the businesses with which I was associated clearly supported my compensation. I never received any pay resulting from the credit default swaps that are now losing so much money. I did, however, like many others here, lose a significant portion of my life savings in the form of deferred compensation invested in the capital of A.I.G.-F.P. because of those losses. In this way I have personally suffered from this controversial activity — directly as well as indirectly with the rest of the taxpayers.

I have the utmost respect for the civic duty that you are now performing at A.I.G. You are as blameless for these credit default swap losses as I am. You answered your country’s call and you are taking a tremendous beating for it.

But you also are aware that most of the employees of your financial products unit had nothing to do with the large losses. And I am disappointed and frustrated over your lack of support for us. I and many others in the unit feel betrayed that you failed to stand up for us in the face of untrue and unfair accusations from certain members of Congress last Wednesday and from the press over our retention payments, and that you didn’t defend us against the baseless and reckless comments made by the attorneys general of New York and Connecticut.

My guess is that in October, when you learned of these retention contracts, you realized that the employees of the financial products unit needed some incentive to stay and that the contracts, being both ethical and useful, should be left to stand. That’s probably why A.I.G. management assured us on three occasions during that month that the company would “live up to its commitment” to honor the contract guarantees.

That may be why you decided to accelerate by three months more than a quarter of the amounts due under the contracts. That action signified to us your support, and was hardly something that one would do if he truly found the contracts “distasteful.”

That may also be why you authorized the balance of the payments on March 13.

At no time during the past six months that you have been leading A.I.G. did you ask us to revise, renegotiate or break these contracts — until several hours before your appearance last week before Congress.

I think your initial decision to honor the contracts was both ethical and financially astute, but it seems to have been politically unwise. It’s now apparent that you either misunderstood the agreements that you had made — tacit or otherwise — with the Federal Reserve, the Treasury, various members of Congress and Attorney General Andrew Cuomo of New York, or were not strong enough to withstand the shifting political winds.

You’ve now asked the current employees of A.I.G.-F.P. to repay these earnings. As you can imagine, there has been a tremendous amount of serious thought and heated discussion about how we should respond to this breach of trust.

As most of us have done nothing wrong, guilt is not a motivation to surrender our earnings. We have worked 12 long months under these contracts and now deserve to be paid as promised. None of us should be cheated of our payments any more than a plumber should be cheated after he has fixed the pipes but a careless electrician causes a fire that burns down the house.

Many of the employees have, in the past six months, turned down job offers from more stable employers, based on A.I.G.’s assurances that the contracts would be honored. They are now angry about having been misled by A.I.G.’s promises and are not inclined to return the money as a favor to you.

The only real motivation that anyone at A.I.G.-F.P. now has is fear. Mr. Cuomo has threatened to “name and shame,” and his counterpart in Connecticut, Richard Blumenthal, has made similar threats — even though attorneys general are supposed to stand for due process, to conduct trials in courts and not the press.

So what am I to do? There’s no easy answer. I know that because of hard work I have benefited more than most during the economic boom and have saved enough that my family is unlikely to suffer devastating losses during the current bust. Some might argue that members of my profession have been overpaid, and I wouldn’t disagree.

That is why I have decided to donate 100 percent of the effective after-tax proceeds of my retention payment directly to organizations that are helping people who are suffering from the global downturn. This is not a tax-deduction gimmick; I simply believe that I at least deserve to dictate how my earnings are spent, and do not want to see them disappear back into the obscurity of A.I.G.’s or the federal government’s budget. Our earnings have caused such a distraction for so many from the more pressing issues our country faces, and I would like to see my share of it benefit those truly in need.

On March 16 I received a payment from A.I.G. amounting to $742,006.40, after taxes. In light of the uncertainty over the ultimate taxation and legal status of this payment, the actual amount I donate may be less — in fact, it may end up being far less if the recent House bill raising the tax on the retention payments to 90 percent stands. Once all the money is donated, you will immediately receive a list of all recipients.

This choice is right for me. I wish others at A.I.G.-F.P. luck finding peace with their difficult decision, and only hope their judgment is not clouded by fear.

Mr. Liddy, I wish you success in your commitment to return the money extended by the American government, and luck with the continued unwinding of the company’s diverse businesses — especially those remaining credit default swaps. I’ll continue over the short term to help make sure no balls are dropped, but after what’s happened this past week I can’t remain much longer — there is too much bad blood. I’m not sure how you will greet my resignation, but at least Attorney General Blumenthal should be relieved that I’ll leave under my own power and will not need to be “shoved out the door.”

Sincerely,

Jake DeSantis

cartman 03-25-2009 01:20 PM

I think the eventual problem isn't going to be our ability to repay the debt, it will be the inability of finding enough free capital worldwide to buy the government's debt.

It would be like Bill Gates asking you for a loan. You know he's good for it, but you just simply don't have the cash available to loan him the money.

Qwikshot 03-25-2009 01:24 PM

Quote:

Originally Posted by Mizzou B-ball fan (Post 1977232)
A pretty scathing critique of the AIG boss and the government's overreaction regarding return of the money.

Op-Ed Contributor - Dear A.I.G., I Quit! - NYTimes.com



Wow so he donated 742k, he must be /so/ hurting...I hope he doesn't wind up in a tent city.

ISiddiqui 03-25-2009 01:27 PM

It's a question of fairness. I'd rather he get his $742k and still be there to fix the mess he didn't create than it be given back to the government.

Mizzou B-ball fan 03-25-2009 01:31 PM

Quote:

Originally Posted by Qwikshot (Post 1977236)
Wow so he donated 742k, he must be /so/ hurting...I hope he doesn't wind up in a tent city.


***whoosh***

That was the sound of the author's point going right over your head.

gstelmack 03-25-2009 01:36 PM

Assuming he is correct in not having been involved in all the shennanigans. At $170billion and growing, I don't see how a handful of people could have been responsible.

However, I do agree with him that some folks are getting off scot-free. How you can threaten the global economy and not end up in jail is beyond me.

flere-imsaho 03-25-2009 02:31 PM

Quote:

Originally Posted by JPhillips (Post 1977008)
Let's try a quiz.


:D

flere-imsaho 03-25-2009 02:39 PM

Quote:

Originally Posted by Dutch (Post 1977068)
The biggest misconception we are getting is that people that have high salaries have always had high salaries. What about people that started off poor, busted their ass, worked their way up, and then are finally making good money at age 45 or 50?


Frankly, I think the biggest misconception is that anyone's talking about changing tax rates to the point that someone grossing, say, $500,000+ will be taxed to the point that they net the same as someone grossing, say, $25,000.

As I posted in the "Recession" thread:

Quote:

Quote:

Originally Posted by Galaxy
So, you believe that tax rates should be 50 %-70%?


I'm OK with everyone from my tax bracket and up having an overall "income" tax burden (including state & local taxes, and FICA, but not things like capital gains) of 50%.

Now, seventy percent? Probably not. If government services were provided as I saw them in Denmark, Sweden and Norway then sure, but the government still wastes too much of my money for me to go that far.

Which is the other part of the bargain. I'll pay 50% if the government will try to waste less. But since I live a comfortable life and live in a comfortable tax bracket, I'm willing to take the first step.

Besides, as a citizen of Cook County, Illinois, the Federal Government wasting my money is the least of my worries. I'll get around to them eventually, but I've got other fish to fry.

Quote:

Are you nuts? Talk about killing an economy and the entrepreneurial spirit that makes America great.

In 10 years I've gone from a net income of 0 to a net income of, well, considerably more than 0. In all that time I can assure you that my ambition was never tempered by the thought that the government would keep taking more of my money as I succeeded in life.

Now, if the tax rate for people making over, say, $200,000/year was 75% or more, I think you might have a point. I think this is one of those talking points that really doesn't have a lot of bases in reality, aside from the fact that everyone likes to bitch about taxes, especially the "rich".

albionmoonlight 03-25-2009 02:40 PM

One of the problems is that we lack the courage/will/sense/whatever to really do the hard things. A more pure capitalism would let big banks fail, no matter what other sectors of the economy they took down. A more pure capitalism would let people die on the street if they could not afford medical care at the going rate.

We don't do that. We bailout certain companies and we have things like Medicare and laws saying that emergency rooms cannot turn people away.

Reasonable people can disagree over whether this is good policy or not. But, we have to acknowledge that it IS the policy right now. Which, as I see it, leaves us with two choices. Either change the policy in an open and public way. Or, acknowledge that the taxpayer is providing these safety nets on the back end and try to keep costs down on the front end (i.e. by more regulations on companies that are "too big to fail" and by more government involvement on preventative care and things like that.)

Right now, we have the worst of all worlds. The out-of-control spending of government run systems without the benefits of them.

Neon_Chaos 03-25-2009 02:56 PM


RainMaker 03-25-2009 02:59 PM

Quote:

Originally Posted by albionmoonlight (Post 1977295)
One of the problems is that we lack the courage/will/sense/whatever to really do the hard things. A more pure capitalism would let big banks fail, no matter what other sectors of the economy they took down. A more pure capitalism would let people die on the street if they could not afford medical care at the going rate.

We don't do that. We bailout certain companies and we have things like Medicare and laws saying that emergency rooms cannot turn people away.


I don't think that we as a country choose not to have our sick die on the streets to be a "lack of courage". Nor do I think saving our financial system from catastrophic failure to be "lacking sense". We don't do these things because we lack anything, we do them because they are what we want from our government.

albionmoonlight 03-25-2009 03:02 PM

Quote:

Originally Posted by RainMaker (Post 1977309)
I don't think that we as a country choose not to have our sick die on the streets to be a "lack of courage". Nor do I think saving our financial system from catastrophic failure to be "lacking sense". We don't do these things because we lack anything, we do them because they are what we want from our government.



I agree with you, actually. But I was trying to present the issue as evenhandedly as possible.

RainMaker 03-25-2009 03:07 PM

Quote:

Originally Posted by Galaxy (Post 1977217)
Problem is, nearly half of Americans pay no income tax once credits and deductions kick in. In fact, they could even get more money back than they paid into the system the previous tax year. We have a income system in which half of the country pays to take care of the other half (and give them some money back on top of it).


Many of the wealthy in this country realize that when lower income Americans have a few extra bucks in their pockets, they'll potentially buy their products and services. The head of Starbucks doesn't make his money off billionaires, he makes them off of regular people who may get those credits and deductions. If they have an extra $500 a year in their pocket, maybe they buy an extra cup of coffee every week from.

When the middle class in our country is strong, so is our economy. Our middle class has slowly been eroding away and seeing stresses on them that they've never had before.

JPhillips 03-25-2009 03:22 PM

Quote:

Originally Posted by cartman (Post 1977228)
The only way someone can get back more than they put in is if they qualify for Earned Income Tax Credit or claim the Child Tax Credit.

The Tax Foundation - Both Candidates' Tax Plans Will Reduce Millions of Taxpayers' Liability to Zero (or Less)


And the EITC was designed to refund a portion of FICA taxes that were raised during the Reagan years. It's been expanded since, but the intent was a refund for taxes paid, just taxes with a different name.

JonInMiddleGA 03-25-2009 04:56 PM

Quote:

Originally Posted by RainMaker (Post 1977317)
Many of the wealthy in this country realize that when lower income Americans have a few extra bucks in their pockets, they'll potentially buy their products and services.


Only if you're selling cheap shit or staples (i.e. milk, Twinkies, Doritos, etc)
Or cigarettes & booze.

Otherwise, taxing me to hand cash to the bottom feeders is nothing more than theft at gunpoint that I get jack shit out of.

lungs 03-25-2009 05:09 PM

Quote:

Originally Posted by JonInMiddleGA (Post 1977379)
Only if you're selling cheap shit or staples (i.e. milk, Twinkies, Doritos, etc)
Or cigarettes & booze.

Otherwise, taxing me to hand cash to the bottom feeders is nothing more than theft at gunpoint that I get jack shit out of.


You need to go find that island you were talking about.

JonInMiddleGA 03-25-2009 05:12 PM

Quote:

Originally Posted by lungs (Post 1977387)
You need to go find that island you were talking about.


Or take one last stand to try to take this country back from the thieves.

lungs 03-25-2009 06:17 PM

Quote:

Originally Posted by JonInMiddleGA (Post 1977388)
Or take one last stand to try to take this country back from the thieves.


Nah, it's over.

Flasch186 03-25-2009 06:17 PM

Quote:

Originally Posted by Logan (Post 1977088)
My biggest problem is the standard, if you will, that a household making over $250K is a wealthy one. I don't care what that means in other parts of the country, but where I live that sort of income doesn't equate to high society. The fact that there's no distinctions for higher cost of living, housing prices, etc is mind-boggling to me.


I agree with this sentiment and wonder if it couldnt be done by zip code etc.

Flasch186 03-25-2009 06:23 PM

Quote:

Originally Posted by Mizzou B-ball fan (Post 1977244)
***whoosh***

That was the sound of the author's point going right over your head.


You sure it wasn't a bowling bowl ;)

SFL Cat 03-25-2009 07:14 PM

Quote:

Originally Posted by lungs (Post 1977098)
And the same morons that are absolutely horrified that we'd invest money on our country are more than happy to invest money in killing Arabs.



We're not investing sh*t. Anyone who buys that rhetoric might as well drink the Koolaide right now. Anything the government takes over will ultimately be run in a less efficient way and will cost more than when it was privatized/decentralized.

Flasch186 03-25-2009 07:17 PM

because privatization wherein the corporation is to look out for the public well being has been awesome so far, Hang on, "Hey Honey, where'd that Peanut butter come from!?"

Grammaticus 03-25-2009 07:17 PM

Quote:

Originally Posted by Neon_Chaos (Post 1977307)


Now, that is funny.

SFL Cat 03-25-2009 08:09 PM

Quote:

Originally Posted by Flasch186 (Post 1977457)
because privatization wherein the corporation is to look out for the public well being has been awesome so far, Hang on, "Hey Honey, where'd that Peanut butter come from!?"


Where there is a profit INCENTIVE and COMPETITION for that profit, there is innovation and striving for excellence...or does that idea only apply to EA products?

Flasch186 03-25-2009 08:11 PM

ROFLMAO!! good one.

AFAI been able to tell, corporations care about the bottom line 'usually' and very little about the 'common' good. This is truly borne fruit as of late. Could it be pendulous? Sure, but as of now I wouldnt trust most public companies and a few private companies with my life.

Marc Vaughan 03-25-2009 09:01 PM

Quote:

Originally Posted by SFL Cat (Post 1977454)
We're not investing sh*t. Anyone who buys that rhetoric might as well drink the Koolaide right now. Anything the government takes over will ultimately be run in a less efficient way and will cost more than when it was privatized/decentralized.


English history doesn't always show that to be the case at all, off the top of my head ..

British Petrolium (BP) for instance was a huge profitable enterprise. This company is still successful now its been privatised.

British Leyland was a successful and profitable nationalised car manufacturer in England, which was then largely bankrupted in the private sector (as the "Rover Group" - the remaining surviving brands are Jaguar and Land Rover now owned by an Indian company).

British Telecom (BT) was a hugely profitable enterprize and helped ensure that Englands telecommunications setup was very modern and even post-privatisation the effective monopology BT have has helped ensure that broadband penetration etc. within England has been very widespread and efficient.

Johnson Matthey this was a near bankrupt private company which was purchased by the UK goverment for the nominal sum of £1 and turned into a profitable enterprise once again (its main 'plant' is in the town I used to live in in England weirdly enough).


I realise there is considerable negativity towards nationalisation of any companies within America, but it doesn't always mean things will be run badly or inefficiently and indeed many types of companies lend themselves to a national monopoly which is best undertaken outside of the private sector imho (otherwise you end up with 'artificial competition' such as the situation in England post privatisation of BT where BT is forced to let its telephone lines to other companies cheaply enough that they can use them and be profitable, but everyone relies upon the same infrastructure).

The advantage of nationalisation as I see it is that companies then don't chase the short-term profit at the risk to the long term stability of the company. This is vital especially in areas of infrastructure such as banking, power, etc. where company bankruptcies could seriously affect other aspects of society.

(and as has been shown during the current debacle if such companies are run privately then there needs to be strict regulation and supervision of them to ensure that their risk taking isn't excessive ...)

JonInMiddleGA 03-25-2009 09:19 PM

Quote:

Originally Posted by Flasch186 (Post 1977506)
Sure, but as of now I wouldnt trust most public companies and a few private companies with my life.


As opposed to trusting the government with it?

The only person you ought to be trusting with your life (or more generally looking after your well being as priority one) is yourself. Anything else is just going to Vegas.

JPhillips 03-25-2009 09:27 PM

Quote:

Originally Posted by Marc Vaughan (Post 1977539)
English history doesn't always show that to be the case at all, off the top of my head ..

British Petrolium (BP) for instance was a huge profitable enterprise. This company is still successful now its been privatised.

British Leyland was a successful and profitable nationalised car manufacturer in England, which was then largely bankrupted in the private sector (as the "Rover Group" - the remaining surviving brands are Jaguar and Land Rover now owned by an Indian company).

British Telecom (BT) was a hugely profitable enterprize and helped ensure that Englands telecommunications setup was very modern and even post-privatisation the effective monopology BT have has helped ensure that broadband penetration etc. within England has been very widespread and efficient.

Johnson Matthey this was a near bankrupt private company which was purchased by the UK goverment for the nominal sum of £1 and turned into a profitable enterprise once again (its main 'plant' is in the town I used to live in in England weirdly enough).


I realise there is considerable negativity towards nationalisation of any companies within America, but it doesn't always mean things will be run badly or inefficiently and indeed many types of companies lend themselves to a national monopoly which is best undertaken outside of the private sector imho (otherwise you end up with 'artificial competition' such as the situation in England post privatisation of BT where BT is forced to let its telephone lines to other companies cheaply enough that they can use them and be profitable, but everyone relies upon the same infrastructure).

The advantage of nationalisation as I see it is that companies then don't chase the short-term profit at the risk to the long term stability of the company. This is vital especially in areas of infrastructure such as banking, power, etc. where company bankruptcies could seriously affect other aspects of society.

(and as has been shown during the current debacle if such companies are run privately then there needs to be strict regulation and supervision of them to ensure that their risk taking isn't excessive ...)


No no no. What don't you understand? Government is always inefficient and wasteful. Examples to the contrary are not helpful.

Flasch186 03-25-2009 09:38 PM

Quote:

Originally Posted by JonInMiddleGA (Post 1977546)
As opposed to trusting the government with it?

The only person you ought to be trusting with your life (or more generally looking after your well being as priority one) is yourself. Anything else is just going to Vegas.


disagreed as it's not an all or nothing equation IMO

Mac Howard 03-25-2009 09:45 PM

Quote:

Originally Posted by JonInMiddleGA (Post 1977546)
As opposed to trusting the government with it?


Yes!

The required priority of government action is the best interest of the American people. The required priority of private enterprise is company profits.

If the first fails then you can rightfully complain and throw them out in 4 years time. There is an opportunity to demand better.

The second will never do anything for public interest unless there is a secondary self interest involved and you simply have no right to complain if the community interests are ignored. I also find not buying its products less satisfying than voting against a politician I dislike and seldom carry it through.

Like most Europeans I'm puzzled by Americans who have this healthy and justified scepticism about government but do seem incredibly naive about private enterprise.

Quote:

The only person you ought to be trusting with your life (or more generally looking after your well being as priority one) is yourself. Anything else is just going to Vegas.

Sometimes the situation is far too big for the individual. One reason the human race is king of the animal rat race is that it recognises that communal action is far more powerful than anything even the most talented individual can manage.

And Vegas isn't a bad place to be anyway ;)

Mac Howard 03-25-2009 09:57 PM

Quote:

Originally Posted by SFL Cat (Post 1977504)
Where there is a profit INCENTIVE and COMPETITION for that profit, there is innovation and striving for excellence


Yes indeed. But there is also corruption, manipulation of markets etc - all sorts of activity that can never be described as "excellent". The trick is to develop a regulatory system that encourages your characterisations and punishes mine.

RainMaker 03-25-2009 10:22 PM

Quote:

Originally Posted by SFL Cat (Post 1977504)
Where there is a profit INCENTIVE and COMPETITION for that profit, there is innovation and striving for excellence...or does that idea only apply to EA products?


Like in the insurance industry?

In a normal situation, you are correct. But when companies are so big that their failure puts the whole country at huge risk, things change. The people at AIG didn't care about AIG, they cared about their bonuses and share price. Perhaps 50 years ago when people took pride in their companies and stayed with them for a long time this would be the case, but it's a different environment now. These guys were nothing more than pirates coming in, raiding the loot, and then moving on

Broad ideologies just don't cut it in this day in age.

RainMaker 03-25-2009 10:32 PM

Quote:

Originally Posted by JonInMiddleGA (Post 1977379)
Only if you're selling cheap shit or staples (i.e. milk, Twinkies, Doritos, etc)
Or cigarettes & booze.

Otherwise, taxing me to hand cash to the bottom feeders is nothing more than theft at gunpoint that I get jack shit out of.


The largest companies in the world rely heavily on the middle class. Take a look at this list and you'd be hard pressed to find anyone that relies exclusively on high income people.

List of companies by revenue - Wikipedia, the free encyclopedia

It would be theft if the people deciding your tax weren't democratically elected officials. There are people out there who don't like the war in Iraq and didn't like seeing their tax dollars going to fight what they consider an immoral war of choice. But it's hardly theft that their tax dollars were being used in it.

And while you may not like the system, the rich didn't seem to have a problem with Obama as they voted in favor of him.

RainMaker 03-25-2009 10:39 PM

Quote:

Originally Posted by Flasch186 (Post 1977418)
I agree with this sentiment and wonder if it couldnt be done by zip code etc.


In fairness, where you live is ultimately a matter of choice. Cost of living goes up and down based on the desirability of the location. Compensating that with tax benefits would simply make that cost of living go up even higher as more people would be able to afford it. It would also dramatically lower other areas that don't receive the tax benefits.

JonInMiddleGA 03-25-2009 10:42 PM

Rainmaker - I think you misunderstood my use of the phrase "taxing me". I was being literal, I meant me, I didn't mean "me" as in "everybody". I've really only had one client that had anything like a middle class base and even they were looking to escape that upward to some extent.

Quote:

And while you may not like the system, the rich didn't seem to have a problem with Obama as they voted in favor of him.

Useful idiots have never seemed to be limited to a single economic class and the higher incomes are indeed well represented there. There's no shortage of self-loathing individuals nor of weak-minded people who have been brainwashed into various sorts of guilt complexes.

RainMaker 03-25-2009 11:02 PM

Quote:

Originally Posted by JonInMiddleGA (Post 1977606)
Useful idiots have never seemed to be limited to a single economic class and the higher incomes are indeed well represented there. There's no shortage of self-loathing individuals nor of weak-minded people who have been brainwashed into various sorts of guilt complexes.


Do you really think John McCain would be much different? I mean this belief that if John McCain had been voted in that we'd suddenly not be spending and merrily rising from economic hardship seems a bit far fetched. Both candidates were very similar with the exception that Obama was against the war in Iraq from the start and McCain was a big supporter of it.

While the economy had other issues had a role, the war in Iraq was still the theme to that election. People may have felt guilty for voting in a President who got us into that mistake in Iraq, but I don't know how large that percent would be. Ultimately it came down to not trusting a guy who made a collasal mistake in his views on foreign policy.

JonInMiddleGA 03-26-2009 01:34 AM

Quote:

Originally Posted by RainMaker (Post 1977617)
Do you really think John McCain would be much different?


I'm pretty sure my feelings about McCain were clear before & during the campaign, they haven't changed afterwards. He would have been an upgrade from what we ended up with but that ain't saying much.

RainMaker 03-26-2009 01:43 AM

Quote:

Originally Posted by JonInMiddleGA (Post 1977682)
I'm pretty sure my feelings about McCain were clear before & during the campaign, they haven't changed afterwards. He would have been an upgrade from what we ended up with but that ain't saying much.


I don't think we're ever going to be happy with a President until the system is changed. We can't have two parties dominate the politics. Unfortunately though, the two parties have made it so that no one else has a shot.

Mizzou B-ball fan 03-26-2009 07:14 AM

Quote:

Originally Posted by SFL Cat (Post 1977504)
Where there is a profit INCENTIVE and COMPETITION for that profit, there is innovation and striving for excellence...or does that idea only apply to EA products?


Woooooooooo! I see what you're doing here.

panerd 03-26-2009 09:32 AM

Quote:

Originally Posted by RainMaker (Post 1977683)
I don't think we're ever going to be happy with a President until the system is changed. We can't have two parties dominate the politics. Unfortunately though, the two parties have made it so that no one else has a shot.


Well I voted third party and don't recall the two parties holding a gun to my head and telling me to do otherwise. It's up to the voters to change the system by voting third or fourth party but instead they are more interested in the lesser of two evils system. Just because people are weak minded and don't want to make another choice can't really be blamed on Washington.

gstelmack 03-26-2009 09:54 AM

Quote:

Originally Posted by panerd (Post 1977773)
Well I voted third party and don't recall the two parties holding a gun to my head and telling me to do otherwise. It's up to the voters to change the system by voting third or fourth party but instead they are more interested in the lesser of two evils system. Just because people are weak minded and don't want to make another choice can't really be blamed on Washington.


Well, in some cases the third parties can't even get on the ballot. There is also the issue of getting them invited to debates; I voted Libertarian in the prior governor election here in NC because both candidates sucked and I wanted to help them get the necessary voter percentage so they'd be included in the governor debates in the next election. That's where we have major issues with the 2 party system, the two parties are doing their best to make sure the other parties can't gain a foothold.

Raiders Army 03-26-2009 10:46 AM

I gotta tell you that it really grates on me when Obama uses the phrase "by the end of my first term". He just did it again.

Arles 03-26-2009 01:46 PM

The thing that always worries me about government run industries is the lack of accountability. Take 2 recent examples - defense contracts and Fannie Mae/Freddie Mac. Let's compare the accountability of those to some highly visible private companies in Enron and Lehman Brothers. The mostly republican senators who went along with terrible defense purchases and the democratic senators who helped make Fannie and Freddie a disaster are still in congress and will face no accountability unless they are voted out. And, the sad reality is, there's no way any of these guys will get voted out.

Enron, on the other hands, has had numerous executives in jail and Lehman Brothers filed for Chapter 11. None of the people that made the bad decisions in these companies will be making future decisions. In congress, guys like Frank and Dodd will face no accountability for their actions in the housing issue. And it took a federal indictment to get the "King of Pork" Ted Stevens (rep) out of office. If he wasn't as careless as he was, he would still be dishing out defense spending pork like crazy.

If the US government runs some of these companies into the ground by poor management/strings, they will simply tar and feather the current CEO and move on to the next poor sap in private industry.

Until we can come up with a practical way to hold these house and senate members accountable for terrible legislation, letting them run a chunk of American business is a recipe for disaster, IMO.

JonInMiddleGA 03-26-2009 01:49 PM

Quote:

Originally Posted by panerd (Post 1977773)
Just because most people have figured out that the other options are typically even worse can't really be blamed on Washington.


Fixed that for you.

Galaxy 03-26-2009 03:35 PM

Bottom line, half of us will lean to the left when it comes to taxes/regulation/government role, and the other half (myself included) will lean to the right. You won't be able to change that, correct?

RainMaker 03-26-2009 04:07 PM

Quote:

Originally Posted by Galaxy (Post 1978059)
Bottom line, half of us will lean to the left when it comes to taxes/regulation/government role, and the other half (myself included) will lean to the right. You won't be able to change that, correct?


I think the country leans left on regulation, especially after recent events. Taxes and other issues more to the right.

Buccaneer 03-26-2009 05:50 PM

I have come to the conclusion that the one person in government that I would like to smash the face of is whomever is the current White House Press Secetary. Has there been any in this position in the last 25 years that wasn't worth hitting with a blunt object?

JPhillips 03-26-2009 06:08 PM

I don't share the anger, but I don't see why reporters pay it any attention. It's just a way for the current admin to get out their spin.

Mac Howard 03-26-2009 06:34 PM

Quote:

Originally Posted by Galaxy (Post 1978059)
Bottom line, half of us will lean to the left when it comes to taxes/regulation/government role, and the other half (myself included) will lean to the right. You won't be able to change that, correct?


No. Most leaning will depend in which part of the affluence spectrum you sit. That's the problem with economic theory - it's severely corrupted by self interest. While I have no doubt that the likes of Adam Smith and Karl Marx were genuinely trying to understand the underlining mechanics of economics, most people attach themselves and promote the theory that coincides with their self interest.

It is no coincidence that the rich prefer conservative/small government/low taxes and the poor radical/big government/income redistribution or that free markets are preferred by those with the economic power to fend for themselves while government control is for those who need someone to fend for them. The economic argument is often little more than a battle of the economic classes.

The current situation is no exception.

Buccaneer 03-26-2009 06:52 PM

Quote:

Originally Posted by JPhillips (Post 1978175)
I don't share the anger, but I don't see why reporters pay it any attention. It's just a way for the current admin to get out their spin.


Unless you are on the same side as the spin then they're douchebags, right?

Swaggs 03-26-2009 07:16 PM

Quote:

Originally Posted by Buccaneer (Post 1978152)
I have come to the conclusion that the one person in government that I would like to smash the face of is whomever is the current White House Press Secetary. Has there been any in this position in the last 25 years that wasn't worth hitting with a blunt object?


I always liked Dee Dee Myers.

Galaxy 03-26-2009 07:59 PM

Quote:

Originally Posted by Buccaneer (Post 1978152)
I have come to the conclusion that the one person in government that I would like to smash the face of is whomever is the current White House Press Secetary. Has there been any in this position in the last 25 years that wasn't worth hitting with a blunt object?


I would hit Dana Perino.......

Buccaneer 03-26-2009 08:06 PM

I think the reaction was against those Press Secretary that gets up there starts acting arrogant, smug and condenscending. I believe that all did not act like this but there are/were douchebags like Stephenapolous, McClellan and now Gibbs.

Galaxy 03-26-2009 08:06 PM

Quote:

Originally Posted by Mac Howard (Post 1978194)
No. Most leaning will depend in which part of the affluence spectrum you sit. That's the problem with economic theory - it's severely corrupted by self interest. While I have no doubt that the likes of Adam Smith and Karl Marx were genuinely trying to understand the underlining mechanics of economics, most people attach themselves and promote the theory that coincides with their self interest.

It is no coincidence that the rich prefer conservative/small government/low taxes and the poor radical/big government/income redistribution or that free markets are preferred by those with the economic power to fend for themselves while government control is for those who need someone to fend for them. The economic argument is often little more than a battle of the economic classes.

The current situation is no exception.


I'm not sure why that doesn't disagree with me.

Half of the country leans to the left, and half tends to lean to the right. The views might shift a little bit depending on the situation on both a personal level and the state of the economy, but I think we are a rather spilt country when it comes to economic policies (just look at state vs. state when it comes to taxes and business environments).

I do agree with Rain that we have shifted to the left on more regulation.

RainMaker 03-26-2009 08:10 PM

Quote:

Originally Posted by panerd (Post 1977773)
Well I voted third party and don't recall the two parties holding a gun to my head and telling me to do otherwise. It's up to the voters to change the system by voting third or fourth party but instead they are more interested in the lesser of two evils system. Just because people are weak minded and don't want to make another choice can't really be blamed on Washington.


Third parties have a real tough time getting on ballots. They don't have the opportunities to get into debates or receive the same funding as the major parties.

It could happen someday if both parties continue to destroy their image in the public's eye. But it will take someone special, preferably one with a lot of money in his pocket. Bloomberg would have been an interesting choice had Hillary won the Democratic nomination.

I would love to see a system where 5 or 6 major parties are running every election ending in run-offs.

JPhillips 03-26-2009 08:11 PM

Quote:

Originally Posted by Buccaneer (Post 1978215)
Unless you are on the same side as the spin then they're douchebags, right?


What? I think the daily press briefing is a useless anachronism. A modern administration can get the same message out electronically and the press would be less likely to simply report the WH spin if they weren't sitting listening to it everyday as if it were news. I'd much prefer WH reporters had a less cozy relationship with the press operation of the WH.

It would also have the bonus of making the WH reporters less important as they wouldn't spend all their time trying to make themselves look good during the press briefing. If they wanted to report a story they'd actually have to get off their asses and do some reporting.

Don't know why you want to make this a partisan thing.

Galaxy 03-26-2009 08:11 PM

Quote:

Originally Posted by RainMaker (Post 1978286)
Third parties have a real tough time getting on ballots. They don't have the opportunities to get into debates or receive the same funding as the major parties.

It could happen someday if both parties continue to destroy their image in the public's eye. But it will take someone special, preferably one with a lot of money in his pocket. Bloomberg would have been an interesting choice had Hillary won the Democratic nomination.

I would love to see a system where 5 or 6 major parties are running every election ending in run-offs.


Do you think Bloomberg would consider a run if Obama, provided that he loses his luster and support, in 2012 (looking at the re-allocation of votes as well).

JPhillips 03-26-2009 08:15 PM

Quote:

Originally Posted by RainMaker (Post 1978286)
Third parties have a real tough time getting on ballots. They don't have the opportunities to get into debates or receive the same funding as the major parties.

It could happen someday if both parties continue to destroy their image in the public's eye. But it will take someone special, preferably one with a lot of money in his pocket. Bloomberg would have been an interesting choice had Hillary won the Democratic nomination.

I would love to see a system where 5 or 6 major parties are running every election ending in run-offs.


Even if it meant having to cut a deal with an extremist party to form a governing coalition like what has happened in Israel?

I probably prefer a parliamentary system, but it's certainly got it's own faults.

JPhillips 03-26-2009 08:16 PM

Quote:

Originally Posted by Galaxy (Post 1978289)
Do you think Bloomberg would consider a run if Obama, provided that he loses his luster and support, in 2012 (looking at the re-allocation of votes as well).


I just don't think Bloomberg has any chance of winning. What's his base? How does he pull enough Republicans and Democrats to get the 40% or more it would take to win?

JonInMiddleGA 03-26-2009 08:17 PM

Quote:

Originally Posted by JPhillips (Post 1978291)
I probably prefer a parliamentary system, but it's certainly got it's own faults.


I swear the first time I read this I saw "paramilitary" not "parliamentary".

RainMaker 03-26-2009 08:23 PM

Quote:

Originally Posted by Mac Howard (Post 1978194)
No. Most leaning will depend in which part of the affluence spectrum you sit. That's the problem with economic theory - it's severely corrupted by self interest. While I have no doubt that the likes of Adam Smith and Karl Marx were genuinely trying to understand the underlining mechanics of economics, most people attach themselves and promote the theory that coincides with their self interest.

It is no coincidence that the rich prefer conservative/small government/low taxes and the poor radical/big government/income redistribution or that free markets are preferred by those with the economic power to fend for themselves while government control is for those who need someone to fend for them. The economic argument is often little more than a battle of the economic classes.

The current situation is no exception.


That's not necessarily true. The rich voted heavily in favor of Obama in the last election (despite his promises to tax them higher). The wealthiest states almost all vote Democrat too.

There are a lot of studies on the psychology behind it. It's just not as simple as rich vote one way and poor the other. For instance, rich people in rich states vote Democrat. Rich people in poor states vote Republican. There are social aspects that you aren't factoring in.

JPhillips 03-26-2009 08:23 PM

Quote:

Originally Posted by JonInMiddleGA (Post 1978295)
I swear the first time I read this I saw "paramilitary" not "parliamentary".


No, that would be the system you would prefer. :)

Buccaneer 03-26-2009 08:25 PM

Quote:

Originally Posted by JPhillips (Post 1978288)
What? I think the daily press briefing is a useless anachronism. A modern administration can get the same message out electronically and the press would be less likely to simply report the WH spin if they weren't sitting listening to it everyday as if it were news. I'd much prefer WH reporters had a less cozy relationship with the press operation of the WH.

It would also have the bonus of making the WH reporters less important as they wouldn't spend all their time trying to make themselves look good during the press briefing. If they wanted to report a story they'd actually have to get off their asses and do some reporting.

Don't know why you want to make this a partisan thing.


You had already done this

Quote:

Originally Posted by JPhillips (Post 1110276)
Q. What do Scott McClellan and a douche bag have in common?

A. They're both douche bags.


RainMaker 03-26-2009 08:26 PM

Quote:

Originally Posted by Galaxy (Post 1978289)
Do you think Bloomberg would consider a run if Obama, provided that he loses his luster and support, in 2012 (looking at the re-allocation of votes as well).


I don't know. From what I've read, Bloomberg likes Obama a lot and didn't feel he had a shot against him in 2008. Many reports stated he would have ran if Hillary got the nomination.

But if the economy is in shambles in 2012 and Palin gets the Republican nomination, I could see him running and winning. Those are two big ifs though.

JPhillips 03-26-2009 08:29 PM

I think all of them are douchebags to some degree. All the daily press briefing is nothing more than spin session for whomever controls the WH. How is it partisan for me to think reporters should boycott the daily press briefing regardless of which party holds the WH?

Grammaticus 03-26-2009 11:44 PM

Quote:

Originally Posted by RainMaker (Post 1978300)
That's not necessarily true. The rich voted heavily in favor of Obama in the last election (despite his promises to tax them higher). The wealthiest states almost all vote Democrat too.

There are a lot of studies on the psychology behind it. It's just not as simple as rich vote one way and poor the other. For instance, rich people in rich states vote Democrat. Rich people in poor states vote Republican. There are social aspects that you aren't factoring in.


Which states do you consider the rich ones?

ace1914 03-27-2009 12:25 AM

Quote:

Originally Posted by Arles (Post 1977947)
The thing that always worries me about government run industries is the lack of accountability. Take 2 recent examples - defense contracts and Fannie Mae/Freddie Mac. Let's compare the accountability of those to some highly visible private companies in Enron and Lehman Brothers. The mostly republican senators who went along with terrible defense purchases and the democratic senators who helped make Fannie and Freddie a disaster are still in congress and will face no accountability unless they are voted out. And, the sad reality is, there's no way any of these guys will get voted out.

Enron, on the other hands, has had numerous executives in jail and Lehman Brothers filed for Chapter 11. None of the people that made the bad decisions in these companies will be making future decisions. In congress, guys like Frank and Dodd will face no accountability for their actions in the housing issue. And it took a federal indictment to get the "King of Pork" Ted Stevens (rep) out of office. If he wasn't as careless as he was, he would still be dishing out defense spending pork like crazy.

If the US government runs some of these companies into the ground by poor management/strings, they will simply tar and feather the current CEO and move on to the next poor sap in private industry.

Until we can come up with a practical way to hold these house and senate members accountable for terrible legislation, letting them run a chunk of American business is a recipe for disaster, IMO.


This is the best post I've read in a while. Good job and I agree 5000%, Arles.

cartman 03-27-2009 12:30 AM

Quote:

Originally Posted by Arles (Post 1977947)
Until we can come up with a practical way to hold these house and senate members accountable for terrible legislation


Isn't that the purpose of elections?

RainMaker 03-27-2009 01:04 AM

Quote:

Originally Posted by Grammaticus (Post 1978429)
Which states do you consider the rich ones?


The ones with the highest incomes.

http://finance.yahoo.com/real-estate....?mod=oneclick

9 of the top 10 wealthiest states voted Democrat.

10 of the top 10 poorest states voted Republican.

Another ironic part in the discussion about parties and voting is that conservatives push for smaller government and less welfare. Yet the red states are the ones that typically leech off the blue states for money. California would have no problem balancing their budget if they received back dollar for dollar what they put into the federal government.

The Tax Foundation - Federal Spending Received Per Dollar of Taxes Paid by State, 2005

Arles 03-27-2009 01:30 AM

Quote:

Originally Posted by cartman (Post 1978449)
Isn't that the purpose of elections?

Unfortunately, the practical answer is no. Once your senator/rep becomes a chairperson, they are pretty much in there for as long as they want. There are exceptions (ie, Tom Daschle, but he was a left-leaning democrat in a very right-driven state), but you are rarely going to see that happen.

Here's some seniority numbers for democrats:

Harry Reid - US senator from 1987 to 2009
Chris Dodd - senator from 1981 to 2009
Barney Frank - rep from 1981 to 2009
Nancy Pelosi - rep from 1987 to 2009

and republicans:

Arlen Specter - senator from 1980 to 2009
Chuck Grassley - senator from 1981 to 2009
Kay Bailey Hutchison - senator from 1993 to 2009

Outside of taking an axe to an opponent in Congressional debate, I'm not sure there's anyway the people of Mass or Connecticut will remove Frank or Dodd. These two basically presided over the complete implosion of Freddy Mac and Fannie May and there will never be any repercussions. Same goes for some of the high-level republicans who have made mistakes while the Bush administration was in office.

Expecting elections to police the actions of high-tenured congressmen is like expecting NBA coaches to police the actions of NBA players. There's just no fear or accountability in this current system for long-standing senators/reps.

RainMaker 03-27-2009 03:37 AM

Quote:

Originally Posted by Arles (Post 1978470)
Unfortunately, the practical answer is no. Once your senator/rep becomes a chairperson, they are pretty much in there for as long as they want. There are exceptions (ie, Tom Daschle, but he was a left-leaning democrat in a very right-driven state), but you are rarely going to see that happen.

Here's some seniority numbers for democrats:

Harry Reid - US senator from 1987 to 2009
Chris Dodd - senator from 1981 to 2009
Barney Frank - rep from 1981 to 2009
Nancy Pelosi - rep from 1987 to 2009

and republicans:

Arlen Specter - senator from 1980 to 2009
Chuck Grassley - senator from 1981 to 2009
Kay Bailey Hutchison - senator from 1993 to 2009

Outside of taking an axe to an opponent in Congressional debate, I'm not sure there's anyway the people of Mass or Connecticut will remove Frank or Dodd. These two basically presided over the complete implosion of Freddy Mac and Fannie May and there will never be any repercussions. Same goes for some of the high-level republicans who have made mistakes while the Bush administration was in office.

Expecting elections to police the actions of high-tenured congressmen is like expecting NBA coaches to police the actions of NBA players. There's just no fear or accountability in this current system for long-standing senators/reps.


It's even worse for Congressman. They are in heavily gerrymandered districts where no one dares to challenge in the primaries. If you get elected in a blue or red district, you basically have a lifetime tenure in front of you.

Makes you wonder if term limits would be beneficial. Add on a tag that doesn't allow them to work for a lobbying firm for 5 years after their term is up. I'd love to see Senators only given 1 term and Representatives having 6 years. End these career politicians.

larrymcg421 03-27-2009 09:10 AM

Hooray to Bucc for keeping those dirty partisan liberals in line. We should all praise him for his superior ability to avoid partisanship. He really gives me hope that one day I can switch to a third party and then shield myself from partisan criticism even if I focus almost all of my attacks on one side of the aisle, because I'm so obviously above partisanship by belonging to said third party.

Buccaneer 03-27-2009 09:23 AM

Arles is exactly right about accountability - that has always been one of my points. Why did we allow the federal govt to get so much power and authority with so little accountability and emphasis on incumbency? I know about 1994 and 2006 but in my view that was just swapping one for the other, esp. when a two-party system is quite entrenched. To me, one of the worst things is the caucuses - kind throws representative govt right out the window. No only do we elect a representative that at times do not represent and discourages independent thinking, but the system is biased in favor of dualithic parties that are constantly in re-election mode - much like a hereditary peer. It is good to have a stable govt but in a country where we have pride ourselves on democracy, shouldn't we have give more power to those a little closer to our local/regional interests?

Buccaneer 03-27-2009 09:27 AM

Quote:

Originally Posted by larrymcg421 (Post 1978539)
Hooray to Bucc for keeping those dirty partisan liberals in line. We should all praise him for his superior ability to avoid partisanship. He really gives me hope that one day I can switch to a third party and then shield myself from partisan criticism even if I focus almost all of my attacks on one side of the aisle, because I'm so obviously above partisanship by belonging to said third party.



:confused: One side of the aisle has all the power now, in the form of a one-party government. Plus I do not belong to a third-party, never have. I just don't like any parties. You accused people of being sheep during the awful Bush one-party years, so now it's ok to be like that?

larrymcg421 03-27-2009 09:33 AM

Quote:

Originally Posted by Buccaneer (Post 1978549)
:confused: One side of the aisle has all the power now, in the form of a one-party government. Plus I do not belong to a third-party, never have. I just don't like any parties. You accused people of being sheep during the awful Bush one-party years, so now it's ok to be like that?


I'm not even talking about criticisms of Obama or the government. You went after JPhillips here (for calling Scott McClellan a douchebag, which I think even conservatives would agree with), but I hardly ever see you go after right wing posters, even before the power change. You probably have done it, but it's certainly a very small percentage.

And your holier than thou attitude about how you're so obviously superior to the lowly partisan idiots is getting pretty tired. And it kinda rings hollow when you focus most of your venom against one side.

ISiddiqui 03-27-2009 09:37 AM

Quote:

Originally Posted by Buccaneer (Post 1978549)
You accused people of being sheep during the awful Bush one-party years, so now it's ok to be like that?


Well, of course... as long as its sheep to the party he likes.


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