Do you remember when B. Hussein promised there would be NO NEW TAXES?...Well...

[Vigilante]

Okay, here's the thing... And allow me to preface this by saying that I am no fan of the Anointed One... But...

That's 442 proposed new taxes, not 442 new taxes passed. How many of those 442 actually cleared Congress and were signed into law? We know there were 20 new ones associated with the ACA, if you count the ACA (the SCOTUS said it was a tax) that would be 21... So, on top of those 21, how many of the 442 proposed taxes passed?


Even Norquist acknowledges that not all the proposed taxes passed:



Read more: Obama has Proposed 442 Tax Hikes Since Taking Office | Americans for Tax Reform

There were many different taxes that were created just through Obamcare.

The point is that he promised one thing, then quickly went about trying to impose new taxes.

He is a liar. I can't count all his lies anymore than I can count all the new taxes.

Okay, here's the thing... And allow me to preface this by saying that I am no fan of the Anointed One... But...

That's 442 proposed new taxes, not 442 new taxes passed. How many of those 442 actually cleared Congress and were signed into law? We know there were 20 new ones associated with the ACA, if you count the ACA (the SCOTUS said it was a tax) that would be 21... So, on top of those 21, how many of the 442 proposed taxes passed?


Even Norquist acknowledges that not all the proposed taxes passed:

Read more: Obama has Proposed 442 Tax Hikes Since Taking Office | Americans for Tax Reform

Perhaps, but you forget a cigarette tax, and the raising of the income tax when Bush's cuts were NOT renewed by the Mess...iah, and I'm sure, we could find many others that were ADD ONS to other legislation passed! BUT he said SPECIFICALLY NO NEW TAXES, and he LIED as stated!

NEWS FLASH: They are all liars.

BUT, the OP is about B. Insane's tax lies. Want to talk about someone else, why not start a thread?

 

[hjmick]

Okay, here's the thing... And allow me to preface this by saying that I am no fan of the Anointed One... But...

That's 442 proposed new taxes, not 442 new taxes passed. How many of those 442 actually cleared Congress and were signed into law? We know there were 20 new ones associated with the ACA, if you count the ACA (the SCOTUS said it was a tax) that would be 21... So, on top of those 21, how many of the 442 proposed taxes passed?


Even Norquist acknowledges that not all the proposed taxes passed:

“Presidents are judged by history based on what they did in power. But presidents can only enact laws when the Congress agrees,” said Norquist. "Thus a record forged by such compromise tells you what a president -- limited by congress -- did rather than what he wanted to do.”

Read more: Obama has Proposed 442 Tax Hikes Since Taking Office | Americans for Tax Reform

Oh.......so, being as the Republicans blocked some of his tax proposals it makes his lying okay? Or erases them altogether?
Come on man, get real!!

Do you often go around putting words in people's mouths? Because I don't see where I said that, perhaps you could point it out?



Why is it so hard to accept that someone who disagrees with the President can, at the same time, be objective? The OP, in my opinion, implied that all 442 proposed tax laws passed, I simply took a moment to clarify the reality of it, is that wrong in your mind? No where have I said his lying is okay. In fact, I pointed out that all politicians lie, so don’t act like Obama’s lying is some new trend. You, apparently, believe Obama’s lies are greater than any other politician’s? Why? Because he is the President? You’ll just have to forgive me if I hold all who profess to being representatives of “the people” to the same standard. Would I prefer that all politicians were honest and told the truth? Hell yeah. Is that going to happen in my life time? Not a chance in fucking hell.

You tell me to get real?

Seriously?

You first.

If a person can’t take an honest and fair look at the facts, then they are nothing more than another partisan hack on a board replete with them...

 

[hjmick]

There were many different taxes that were created just through Obamcare.

The point is that he promised one thing, then quickly went about trying to impose new taxes.

He is a liar. I can't count all his lies anymore than I can count all the new taxes.

Perhaps, but you forget a cigarette tax, and the raising of the income tax when Bush's cuts were NOT renewed by the Mess...iah, and I'm sure, we could find many others that were ADD ONS to other legislation passed! BUT he said SPECIFICALLY NO NEW TAXES, and he LIED as stated!

NEWS FLASH: They are all liars.

BUT, the OP is about B. Insane's tax lies. Want to talk about someone else, why not start a thread?

I didn't start out to discuss the lies of all politicians, my initial intent was to simply point out the truth behind the OP, as I explained to nat. My pointing out that all politicians lie was merely a response to the shock you seem to feel at the revelation that a politician, the President, lies to us.

Obama is a liar. I have not denied that, nor have I excused it. But there is nothing wrong with a little truth and perspective. Is there?

 

[The T]

George H W Bush read my lips - YouTube

Except that he raised taxes. And those taxes hurt the workers who can't outsource their financial holdings the way international conglomerates can. This should explain to you that Bush Sr. and Jr. as well as Obama (and Clinton) work for the wealthy class and not for the American People.

And so did Obama...and handed us a plethora of LIES...

 

[Care4all]

Obama LOWERED Matt and my taxes...for a few years....1 with the social Security tax reduction from the stimulus and 2 with the Fed credit to match what my hubby puts in his 401k up to a certain amount which also was part of the stimulus I believe? .....we only have the hubby's income cuz I don't work anymore....so both of those tax reductions were greatly appreciated and needed with heating oil prices up and cost of living in general up.... I guess we are some of the fortunate ones....?

 

[OnePercenter]

Just facts and figures, but the subversives are so enthralled with all the FREE SHIT they get under B. Insane, it's difficult to teach low 2 digit IQ voters anything!

How much was the 6.5 Trillion a 'left over' from Bush?

And let's not forget the $20 Trillion economic hit to the US economy, and the $536 Trillion hit to the world economy from deregulating derivatives brought to us by Phil Gramm (R).

Sorry, but Andrew Cuomo, Clinton's HUD sec. caused the housing bubble to burst, which led to everything else...and just like Bush inherited OBL from Clinton's refusal to take him when the opportunity happened in 1996, it's Bush's fault OBL blew up the WTC!

Nothing at all to do with sub-prime monies being invested into mortgage securities? Bad-Bad Bush....

 

[Vigilante]

FACT: Liberal Public Policy caused the mortgage crisis by mandating eased requirements for lending, even to people who had no chance of ever paying the loan back. If banks and other lending institutions did not comply, their "score" from the SEC was too low to permit certain business transactions such as merges, etc. This is nothing less than a gun held to the head.

FACT: Many lending institutions were sued or otherwise pressured by ACORN, forcing them to make loans to folks who didn't qualify nor had any chance of ever repaying that loan.

FACT: HUD (Housing and Urban Development) under Andrew Cuomo, head of HUD) browbeat banks to make loans to folks who they knew couldn't pay them back.
FACT: Many lending institutions were sued or otherwise pressured by ACORN, forcing them to make loans to folks who didn't qualify nor had any chance of ever repaying that loan. IN FACT, BARACK OBAMA WAS INVOLVED IN AT LEAST ONE OF THESE LAWSUITS



FACT: Fannie Mae's sole purpose for being was to offer a Federal Guarantee of loans. So banks and other lending institutions didn't need to worry about thing. If a loan went bad, Fannie Mae was there to pick up the pieces (until there were too many pieces to pick up)

FACT: The Democrats stacked the operations of Fannie Mae with other Democrats who then cooked the books (FM had to pay MILLIONS in fines to the SEC over this) and took HUNDREDS OF MILLIONS OF DOLLARS in bonuses and funneled MILLIONS in campaign contributions to members of Congress. Franklin Raines (part of the Obama Administration) personally took 90 million dollars despite Fannie Mae's fines and fraud.

FACT: Bill Clinton turned a blind eye to all of this during most of the 90's. In fact, he worsened the situation in 1995 by making the CRA even more lopsided and requiring even MORE bad loans. One thing he did was to force lending institutions to accept up to 31% of one's income for a mortgage whereas previously it was only 25%

FACT: The Democrats who run Fannie Mae took hundreds of millions in bonuses while Congressional Dems provided cover, including Charlie Rangel , Chris Dodd , Barack Obama and Joe Biden.

FACT: Democrat Chris Dodd was #1 recipient with Democrat Barack Obama being #2 in campaign contributions from Fannie Mae and Freddy Mac

FACT: The Democrats blocked every attempt by Republicans to investigate Fannie Mae and its business practices. In fact, the Bush Administration made over 30 attempts over his two terms in office only to have the Democrats block every one through parliamentary procedures as the Republicans, while controlling both Houses, NEVER had a super majority so the Dems could block anything they pleased (case in point - judicial nominees)



[ame="http://www.youtube.com/watch?v=cMnSp4qEXNM"]Timeline shows Bush, McCain warning Dems of financial and housing crisis; meltdown - YouTube[/ame]

http://query.nytimes.com/gst/fullpag...gewanted=print


Quote:
September 11, 2003
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON

WASHINGTON, Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.
Note the date


Quote:
New Agency Proposed to Oversee Freddie Mac and Fannie Mae
By STEPHEN LABATON

WASHINGTON, Sept. 10— The Bush administration today recommended the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac -- which together have issued more than $1.5 trillion in outstanding debt -- is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.
http://www.bucksright.com/bush-propo...n-in-2003-1141


Quote:
A September 11, 2003 New York Times article shows that President Bush proposed “the most significant regulatory overhaul in the housing finance industry since the savings and loan crisis a decade ago.” His proposal: An agency within the Treasury Department to supervise mortgage giants Fannie Mae and Freddie Mac.

Fearing that mortgages would no longer be available to people who were unable to pay them back, Democrats eventually killed the proposal. The current meltdown in the mortgage industry is a direct result of giving mortgages to people who could not pay them back, a practice protected by Congressional Democrats.

Both entities were recently taken over by the government, a move that puts trillions of taxpayer dollars at risk.

Under the plan, disclosed at a Congressional hearing today, a new agency would be created within the Treasury Department to assume supervision of Fannie Mae and Freddie Mac, the government-sponsored companies that are the two largest players in the mortgage lending industry.

The new agency would have the authority, which now rests with Congress, to set one of the two capital-reserve requirements for the companies. It would exercise authority over any new lines of business. And it would determine whether the two are adequately managing the risks of their ballooning portfolios.

The plan is an acknowledgment by the administration that oversight of Fannie Mae and Freddie Mac — which together have issued more than $1.5 trillion in outstanding debt — is broken. A report by outside investigators in July concluded that Freddie Mac manipulated its accounting to mislead investors, and critics have said Fannie Mae does not adequately hedge against rising interest rates.

But Democrats in Congress, also known as “the caucus perpetually on the wrong side of history,” were having none of this “responsibility” stuff.

”These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis,” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. ”The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”

Representative Melvin L. Watt, Democrat of North Carolina, agreed.

”I don’t see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing,” Mr. Watt said.

The proposal worked its way around Congress for a couple of years. Efforts at reform of the kind proposed by President Bush were shot down by Democrats each time.

In 2005, Republican Mike Oxley, then chairman of the House Financial Services Committee, brought up a reform bill (H.R. 1461), and Fannie and Freddie’s lobbyists set out to weaken it.

[...]

During this period, Sen. Richard Shelby led a small group of legislators favoring reform, including fellow Republican Sens. John Sununu, Chuck Hagel and Elizabeth Dole. Meanwhile, [Democrat in bed with the mortgage industry Chris] Dodd — who along with Democratic Sens. John Kerry, Barack Obama and Hillary Clinton were the top four recipients of Fannie and Freddie campaign contributions from 1988 to 2008 — actively opposed such measures and further weakened existing regulation.

According to OpenSecrets.org, between 1988 and 2008 Dodd received $133,900, Kerry $111,000, Clinton $75,550, and Obama — in only 143 days in the Senate — received a whopping $105,849 from Fannie Mae and Freddie Mac.

Pennsylvania Democrat representative Paul Kanjorksi, who also opposed new Fannie Mae and Freddie Mac regulations, was given more than any other member of the House of Representatives. He was paid $65,500 by representatives of these entities.

And, in case you were wondering, John McCain co-sponsored a bill requiring greater Fannie Mae / Freddie Mac regulation in 2005. It was also blocked procedurally by Democrats.

The 2003 New York Times article was unearthed by a Free Republic poster.

UPDATE: 2004 video posted to YouTube shows Republicans arguing for, and Democrats arguing against, regulations that would have saved us from the current crisis.
http://www.bucksright.com/congressma...ge-crisis-1451


Quote:
Congressman Sorry Democrats Dropped Ball On Mortgage Crisis
Wed, Oct 1, 2008 at 10:55 am Posted by Steven in Economy

After being featured on Hannity & Colmes in a damning 2004 video showing Democrats fighting tooth-and-nail against greater Fannie Mae and Freddie Mac regulations, Democrat Congressman Artur Davis admits Democrats dropped the ball on reigning in the failed institutions and calls on fellow Democrats to do the same.

“Like a lot of my Democratic colleagues, I was too slow to appreciate the recklessness of Fannie Mae and Freddie Mac. I defended their efforts to encourage affordable homeownership, when in retrospect I should have heeded the concerns raised by their regulator in 2004. Frankly, I wish my Democratic colleagues would admit that when it comes to Fannie and Freddie, we were wrong. By the way, I wish my Republican colleagues would admit that they missed the early warning signs that Wall Street deregulation was overheating the securities market and promoting dangerously lax lending practices. When it comes to the debacle in our capital markets, there is much blame to go around for both sides.”

Along with President Clinton, I take issue with Davis’ contention that equal blame exists on both sides. President Bush requested greater oversight in 2003, Republicans are clearly seen in the video fighting for greater oversight in 2004, and John McCain led the charge for greater oversight in 2005. All efforts were rebuffed by Democrats, who demagogued the issue with racial politics that made reform impossible to accomplish. At least they tried. I see no evidence of any push toward greater Fannie Mae / Freddie Mac oversight since the short bus rolled onto Capitol Hill in January 2007.

That said, I appreciate Congressman Davis’ candor in admitting Democrats let their ideology get in the way of what was right for the country.

 

[Care4all]

You do understand what "redlining" is don't you?

The Banks were not FORCED to loan money to all the people they loaned money to, that could not afford it....

FACT-the areas that sold the most homes with crappy adjustable loans WERE NOT Red lined areas.....

Most mortgages that have defaulted throughout this Nation were NOT in areas where red lining was taking place.

What does that tell you?

 

[Claudette]

George H W Bush read my lips - YouTube

Except that he raised taxes. And those taxes hurt the workers who can't outsource their financial holdings the way international conglomerates can. This should explain to you that Bush Sr. and Jr. as well as Obama (and Clinton) work for the wealthy class and not for the American People.

Yep. He certainly did. The part you leave out though is that he made an agreement with the Dems for those taxes. An agreement the Dems never honored.

Oh wait. I forgot. The Dems have been guilty of that little deal for quite some time. You know. Making agreements, getting what they want, and forgetting about their part in those agreements. They did the same to Reagan.Never mind.

Oh and lets not forget, the ACA is one huge tax thats been hung around the necks of the taxpayers. That one lands righ square of Barry Boy and the Dems.

 

[bripat9643]

With all of these bash Obama threads the GOP must have less than nothing to offer the middle class, which is more than they had the last two elections.

Just facts and figures, but the subversives are so enthralled with all the FREE SHIT they get under B. Insane, it's difficult to teach low 2 digit IQ voters anything!

How much was the 6.5 Trillion a 'left over' from Bush?

And let's not forget the $20 Trillion economic hit to the US economy, and the $536 Trillion hit to the world economy from deregulating derivatives brought to us by Phil Gramm (R).

That wasn't what caused the economy to crash, moron. Furthermore, they were never regulated in the first place.

 

[bripat9643]

You do understand what "redlining" is don't you?

The Banks were not FORCED to loan money to all the people they loaned money to, that could not afford it....

FACT-the areas that sold the most homes with crappy adjustable loans WERE NOT Red lined areas.....

Most mortgages that have defaulted throughout this Nation were NOT in areas where red lining was taking place.

What does that tell you?

There was no redlining taking place. That was left-wing propaganda to justify turning the banks into a giant privately funded welfare program.

 

[bripat9643]

How much was the 6.5 Trillion a 'left over' from Bush?

And let's not forget the $20 Trillion economic hit to the US economy, and the $536 Trillion hit to the world economy from deregulating derivatives brought to us by Phil Gramm (R).

Sorry, but Andrew Cuomo, Clinton's HUD sec. caused the housing bubble to burst, which led to everything else...and just like Bush inherited OBL from Clinton's refusal to take him when the opportunity happened in 1996, it's Bush's fault OBL blew up the WTC!

Nothing at all to do with sub-prime monies being invested into mortgage securities? Bad-Bad Bush....

Fannie Mae and Freddie Mac both facilitated that, and they were both run by Clinton appointees.