WTF? Herbert Hoover 2.0?

[Eyelids]

I’m sorry - I’m not clear on the math here. I’m a fairly well off small business owner - how is taxing me to "kingdom fucking come" going to allow me to add new employees or, at worst, maintain my current staff and their benefits? Please educate me on how that would come to pass.

Are you in the top .01%? Like are you worth more than $500 million dollars?

If I'm not mistaken, I think the 70 some-odd year experiment of that kind of society failed miserably under Mr. Reagan’s watch. I read that in a book somewhere. Again, please feel free to correct my perspective if you can actually educate me on this 'plan for change.' Right now I think my vote might be "no," but I’m fairly open-minded.

You're hopeless if you keep trying to equate adding more social programs so people have more money to spend on the relatively open consumer goods market to communism.

[Eyelids]

I'd like for somebody to actually show me how this idea wont work?

It's about as centrist as they get, you are blending a far right open market for non-essential goods and a command economy for the things people need.

[LogansPapa]

Are you in the top .01%? Like are you worth more than $500 million dollars?.

Did Obama make this half-a-billion and above per individual taxation policy statement, or are you just guessing? In case you haven’t figured it out - The House Never Loses. EXXON will just increase the ‘at the pump’ price of their product and Joe Public will always pick up the tab. Just like you do in Vegas. You don’t actually think they build those casinos because they like you, eh?

My 'Spidey Sense' tells me Obama will hammer folks at the $500,000 per year folks and small business owners will just move their investment dollars overseas.

You're hopeless if you keep trying to equate adding more social programs so people have more money to spend on the relatively open consumer goods market to communism.

Well, at least you got the communism part right. You do realise that a 'consumption tax' is the only way that kind of economy would survive, right? And - in fact - that kind of program stands a snow-ball's-chance in Hell of ever getting passed, eh?

[Eyelids]

Did Obama make this half-a-billion and above per individual taxation policy statement, or are you just guessing? In case you haven’t figured it out - The House Never Loses. EXXON will just increase the ‘at the pump’ price of their product and Joe Public will always pick up the tab. Just like you do in Vegas. You don’t actually think they build those casinos because they like you, eh?

So what do you suggest we do? Keep lowering taxes on them because somehow they'll feel gracious and lower gas prices? Or pay their employees more?

[Eyelids]

By the way, lets thank our lucky stars this isn't our social security money being lost on the market right now.

[LogansPapa]

McCain Blames Greed for Wall St. Mess; Obama Blames GOP
By RICK KLEIN

NIAGARA FALLS, N.Y Sept. 16, 2008—

An angry Sen. John McCain indicated today that as president he would launch a 9/11-commission style investigation into what he called "the old-boy network and Washington corruption" that created the current Wall Street crisis and has endangered peoples' savings and retirement funds.

McCain and his White House rival Sen. Barack Obama traded furious accusations and charges Tuesday on the economy as both campaigns jostled for position on the unfolding financial meltdown.

The economy had already been established as the No. 1 issue for voters, but the bankruptcy of Lehman Brothers, the fire sale of Merrill Lynch, and the desperate efforts of American International Group to avoid collapse has rattled Main Street as well as Wall Street.

Watch Wednesday's exclusive interview with Sen. John McCain and Cindy McCain aboard "Good Morning America's" Whistle Stop Express starting at 7 a.m. ET

The future of AIG, the country's largest insurance company, hung in the balance Tuesday. Its stock dropped 61 percent since Monday and the federal government ruled out any taxpayer rescue. McCain said Tuesday he agreed with the decision of the federal government to not intervene with AIG saying taxpayers should not be "on the hook" for AIG's problems.

"We cannot have the taxpayers bail out AIG or anybody else. This is something that we're going to have to work through," he said.

McCain's stance on the economy has been under attack from Democrats since he released an ad Monday that said the economy was in crisis, but later gave a speech saying the "fundamentals of our economy are strong." He defended himself Tuesday and laced into a denunciation of corporate greed.

"I said the fundamental of our economy is the American worker. I know that the American worker is the strongest, the best, and most productive and most innovative," McCain, R-Ariz., told ABC's Chris Cuomo on "Good Morning America" Tuesday.

"They've been betrayed by a casino on Wall Street of greedy, corrupt excess -- corruption and excess that has damaged them and their futures," he added.

McCain said he wants an inquiry into what led to the current mess, though he did not offer details.

"We're going to need a '9/11 Commission' to find out what happened and what needs to be fixed," he said. "I warned two years ago that this situation was deteriorating and unacceptable. And the old-boy network and the corruption in Washington is directly involved, and one of the causes of this financial crisis that we're in today. And I know how to fix it, and I know how to get things done."

"Americans are hurting right now, and there's going to be a ripple effect of this financial crisis because of the greed and corruption and excess, and Wall Street treated the American economy like a casino," he continued. "And we can fix it, and we've got to keep people in their homes."

http://abcnews.go.com/Politics/5050/...5812268&page=1

[LogansPapa]

"I said the fundamental of our economy is the American worker. I know that the American worker is the strongest, the best, and most productive and most innovative"

Actually John, you said it the second time - after the Democrats screamed like stuck pigs - because, again, you were so far out of touch in the morning that your handlers scurried around and fabricated a rebound statement when the tide came back in, later in the day. This tactic screams weakness.

[OwlMBA]

US economic ‘fundamentals’ strong: McCain
Published: Tuesday, 16 September, 2008, 12:27 AM

JACKSONVILLE: Republican John McCain Monday insisted US economic “fundamentals” were still strong, drawing an immediate rebuke from his White House foe Barack Obama as global stocks plunged.

McCain’s vice presidential nominee Sarah Palin meanwhile warned that “Washington has been asleep at the switch” as both campaigns battled to show they were in touch with the fears of working Americans as the crisis evolved.

The Arizona Senator twinned his remarks with a vow for a major reform drive of financial regulatory systems if he is elected president on November 4.

“There has been tremendous turmoil in our financial markets and Wall Street. People are frightened by these events,” McCain told supporters in the key battleground state of Florida.

“Our economy I think, still, the fundamentals of our economy are strong, but these are very, very difficult times,” Senator McCain said.

“I promise you, we will never put America in this position again. We will clean up Wall Street,” McCain vowed, drawing loud cheers from his supporters.

http://www.gulf-times.com/site/topic...3&parent_id=19

Apparently you don't know what the fundamentals are. The Fundamentals are strong.

Newsflash: everytime the stock market declines is not the great depression.

[Eyelids]

I'd say this is a little more than a stock market decline.

[Cold Warrior]

I'd say this is a little more than a stock market decline.

Ha! Shows how little you know!! You think losing 25% of its value in 14 months is significant. :D