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They will say this is a lie and that will be that. Or else they won't answer at all.
Are you talking about the bankers who worked hard at the sub-prime mortgage scam which has made millions of ordinary working class Americans homeless and broken? Or the hedge-fund speculators who gambled with small investors' money and ruined millions of them? Etcetera. Which grouping of "hard-working" super-rich are you talking about? How "hard" does one need to "work" to "earn" fifty million dollars? A hundred million? A billion? More?[...] the top 10% pay the majority of taxes in this country.and until communist traitors like you voted in the piece of shit we have in the White House hard working people who invested wisely became more prosperous.
Are you talking about the bankers who worked hard at the sub-prime mortgage scam which has made millions of ordinary working class Americans homeless and broken? Or the hedge-fund speculators who gambled with small investors' money and ruined millions of them? Etcetera. Which grouping of "hard-working" super-rich are you talking about? How "hard" does one need to "work" to "earn" fifty million dollars? A hundred million? A billion? More?[...] the top 10% pay the majority of taxes in this country.and until communist traitors like you voted in the piece of shit we have in the White House hard working people who invested wisely became more prosperous.
Some of you brainwashed water-carriers for the American neo-aristocracy are truly pathetic. You are a worse threat to the American democracy than the Nazis, Imperial Japan, Al Qaeda or the Taliban ever was. You are a toxic internal scourge.
Why would I care what you "tolerate?"If it's true the top 20% of American families hold 93% of the country's financial wealth with the top 1% controlling 43% of the money, it's only logical to ask why their tax rates are lower today than half-a-century ago.
Do you think it has anything to do with campaign contributions?
Where's the logic in US elites increasing their share of national income and wealth over the last ten years while the country lost 42,400 factories between 2001 and 2009. There's only been one country in history to lose more jobs in a single ten year period than the US lost between 2001 -'09, and that was the USSR during the last decade of its existence.
Apparently, you see a Constitutional justification for the current level of US inequality.
Care to share it?
Disturbing Statistics on the Decline of America's Middle Class - DailyFinance
Prove that claim I bolded and enlarged in your post..... Be warned I do not tolerate liars nor people who make extreme claims that are utterly false in every aspect... I will give a chance to back up the claim before I correct it...
The Goose That Laid the Golden Eggs
A man and his wife were very poor until they acquired a special goose. Every day the goose would lay a golden egg, which allowed the couple to live very comfortable.
"Just think," said the man's wife, "If we could have all the golden eggs that are inside the goose, we could be rich.
"You're right," said her husband, "We wouldn't have to wait for the goose to lay her egg every day."
So, the couple killed the goose and cut her open, only to find one egg. And no more would ever be laid. And once the egg was spent, the couple found themselves poorer than ever.
The moral of the story: Don't kill the goose that lays the golden egg.
It was Bush's meddling that caused the problem, and every time the GOP screws up they say "government" did it.Are you talking about the bankers who worked hard at the sub-prime mortgage scam which has made millions of ordinary working class Americans homeless and broken? Or the hedge-fund speculators who gambled with small investors' money and ruined millions of them? Etcetera. Which grouping of "hard-working" super-rich are you talking about? How "hard" does one need to "work" to "earn" fifty million dollars? A hundred million? A billion? More?[...] the top 10% pay the majority of taxes in this country.and until communist traitors like you voted in the piece of shit we have in the White House hard working people who invested wisely became more prosperous.
Some of you brainwashed water-carriers for the American neo-aristocracy are truly pathetic. You are a worse threat to the American democracy than the Nazis, Imperial Japan, Al Qaeda or the Taliban ever was. You are a toxic internal scourge.
You do understand that the "sub-prime mortgage scam" could NOT have happened without massive government involvement through Fannie/Freddie, laws designed to expand home ownership, and the promise of taxpayer backing through the Fed. Banks and other big businesses colluding with government caused the problem. Government meddling is to blame here so what's your solution? More government?
It was Bush's meddling that caused the problem, and every time the GOP screws up they say "government" did it.Are you talking about the bankers who worked hard at the sub-prime mortgage scam which has made millions of ordinary working class Americans homeless and broken? Or the hedge-fund speculators who gambled with small investors' money and ruined millions of them? Etcetera. Which grouping of "hard-working" super-rich are you talking about? How "hard" does one need to "work" to "earn" fifty million dollars? A hundred million? A billion? More?
Some of you brainwashed water-carriers for the American neo-aristocracy are truly pathetic. You are a worse threat to the American democracy than the Nazis, Imperial Japan, Al Qaeda or the Taliban ever was. You are a toxic internal scourge.
You do understand that the "sub-prime mortgage scam" could NOT have happened without massive government involvement through Fannie/Freddie, laws designed to expand home ownership, and the promise of taxpayer backing through the Fed. Banks and other big businesses colluding with government caused the problem. Government meddling is to blame here so what's your solution? More government?
It was Bush's Dec 2003 American Dream Downpayment Initiative (ADDI) that changed the rules to allow no downpayment loans for more than the house was worth to people with bad credit who could not keep up with the payments and who were at least 20% below the standard of living for the neighborhood they were buying into.
The ADDI was passed in Dec 2003 and everything in housing started to go bad in 2004. Even your MessiahRushie admits 2004 was the turning point for the Bush Housing Crash.
July 7,2010
BREAK TRANSCRIPT
RUSH: To illustrate my point even further: "Subprime mortgages accounted for 9 percent of all mortgage originations from 1996 through 2004." But that 9% became 21% from 2004 to 2006, 21% of all mortgages were subprime. Twenty-one percent of all mortgages were essentially money given away to people because they were loans made to people that everybody knew going in would never pay them back. And that 21% of the mortgage market being subprime equaled about $600,000 billion in 2006, which was at the time one-fifth of the US home loan market.
One of the best known of Aesop's fables went something like this:
The Goose That Laid the Golden Eggs
A man and his wife were very poor until they acquired a special goose. Every day the goose would lay a golden egg, which allowed the couple to live very comfortable.
"Just think," said the man's wife, "If we could have all the golden eggs that are inside the goose, we could be rich.
"You're right," said her husband, "We wouldn't have to wait for the goose to lay her egg every day."
So, the couple killed the goose and cut her open, only to find one egg. And no more would ever be laid. And once the egg was spent, the couple found themselves poorer than ever.
The moral of the story: Don't kill the goose that lays the golden egg.
Those who think they will prosper more if they can make the rich less rich or unrich might see a small benefit in confiscating wealth from the rich. But alas, once they have made the rich unrich or have driven all the rich to other shores, they will find that there is less money to borrow, less money invested so their portfolios suffer, the hospital wings, scholarship programs, museum exhibits once funded by the rich are no more, and jobs and good wages are in even shorter supply.
Be careful what you wish for oh you enviers of the rich.
Exactly fox!
Of course you are technically correct but what you're describing is precisely the kind of scheming which is facilitated by bribery of legislators who change laws, alter and eliminate regulations.Are you talking about the bankers who worked hard at the sub-prime mortgage scam which has made millions of ordinary working class Americans homeless and broken? Or the hedge-fund speculators who gambled with small investors' money and ruined millions of them? Etcetera. Which grouping of "hard-working" super-rich are you talking about? How "hard" does one need to "work" to "earn" fifty million dollars? A hundred million? A billion? More?[...] the top 10% pay the majority of taxes in this country.and until communist traitors like you voted in the piece of shit we have in the White House hard working people who invested wisely became more prosperous.
Some of you brainwashed water-carriers for the American neo-aristocracy are truly pathetic. You are a worse threat to the American democracy than the Nazis, Imperial Japan, Al Qaeda or the Taliban ever was. You are a toxic internal scourge.
You do understand that the "sub-prime mortgage scam" could NOT have happened without massive government involvement through Fannie/Freddie, laws designed to expand home ownership, and the promise of taxpayer backing through the Fed. Banks and other big businesses colluding with government caused the problem. Government meddling is to blame here so what's your solution? More government?
No, the problem was GOP government meddling. Funny how the economy always tanks when the GOP are pulling the strings. $12 trillion of the current debt is from 3 GOP presidents, Reagan, Bush I, and Bush II.It was Bush's meddling that caused the problem, and every time the GOP screws up they say "government" did it.You do understand that the "sub-prime mortgage scam" could NOT have happened without massive government involvement through Fannie/Freddie, laws designed to expand home ownership, and the promise of taxpayer backing through the Fed. Banks and other big businesses colluding with government caused the problem. Government meddling is to blame here so what's your solution? More government?
It was Bush's Dec 2003 American Dream Downpayment Initiative (ADDI) that changed the rules to allow no downpayment loans for more than the house was worth to people with bad credit who could not keep up with the payments and who were at least 20% below the standard of living for the neighborhood they were buying into.
The ADDI was passed in Dec 2003 and everything in housing started to go bad in 2004. Even your MessiahRushie admits 2004 was the turning point for the Bush Housing Crash.
July 7,2010
BREAK TRANSCRIPT
RUSH: To illustrate my point even further: "Subprime mortgages accounted for 9 percent of all mortgage originations from 1996 through 2004." But that 9% became 21% from 2004 to 2006, 21% of all mortgages were subprime. Twenty-one percent of all mortgages were essentially money given away to people because they were loans made to people that everybody knew going in would never pay them back. And that 21% of the mortgage market being subprime equaled about $600,000 billion in 2006, which was at the time one-fifth of the US home loan market.
I couldn't give a crap if you blame it on Bush. The problem was big government meddling, something both parties have been guilty of for at least 100 years. Get over your partisan blame game. It's sad.
It was Bush's meddling that caused the problem, and every time the GOP screws up they say "government" did it.Are you talking about the bankers who worked hard at the sub-prime mortgage scam which has made millions of ordinary working class Americans homeless and broken? Or the hedge-fund speculators who gambled with small investors' money and ruined millions of them? Etcetera. Which grouping of "hard-working" super-rich are you talking about? How "hard" does one need to "work" to "earn" fifty million dollars? A hundred million? A billion? More?
Some of you brainwashed water-carriers for the American neo-aristocracy are truly pathetic. You are a worse threat to the American democracy than the Nazis, Imperial Japan, Al Qaeda or the Taliban ever was. You are a toxic internal scourge.
You do understand that the "sub-prime mortgage scam" could NOT have happened without massive government involvement through Fannie/Freddie, laws designed to expand home ownership, and the promise of taxpayer backing through the Fed. Banks and other big businesses colluding with government caused the problem. Government meddling is to blame here so what's your solution? More government?
It was Bush's Dec 2003 American Dream Downpayment Initiative (ADDI) that changed the rules to allow no downpayment loans for more than the house was worth to people with bad credit who could not keep up with the payments and who were at least 20% below the standard of living for the neighborhood they were buying into.
The ADDI was passed in Dec 2003 and everything in housing started to go bad in 2004. Even your MessiahRushie admits 2004 was the turning point for the Bush Housing Crash.
July 7,2010
BREAK TRANSCRIPT
RUSH: To illustrate my point even further: "Subprime mortgages accounted for 9 percent of all mortgage originations from 1996 through 2004." But that 9% became 21% from 2004 to 2006, 21% of all mortgages were subprime. Twenty-one percent of all mortgages were essentially money given away to people because they were loans made to people that everybody knew going in would never pay them back. And that 21% of the mortgage market being subprime equaled about $600,000 billion in 2006, which was at the time one-fifth of the US home loan market.
"The following fact was sent to numerous conservative pundits, politicians, and profit-seekers:
"Based on Tax Foundation figures, the richest 1% has TRIPLED its share of America's income over the past 30 years. Much of the gain came from tax cuts and minimally taxed financial instruments.
"If their income had increased only at the pace of American productivity (80%), they would be taking about a TRILLION DOLLARS LESS out of our economy.
"And a question was posed:
"In what way do the richest 1% deserve these extraordinary gains?
"This question was not posed in sarcasm.
"A factual answer is genuinely sought.
"It seems unlikely that 1% of the population worked three times harder than the rest of us, or contributed three times as much to American productivity.
"Money earned from tax cuts and minimally taxed financial instruments is not productive income."
Any takers, Cons?
The Question Conservatives Can't Answer | Common Dreams
More government -- but honest government.
No, the problem was GOP government meddling. Funny how the economy always tanks when the GOP are pulling the strings. $12 trillion of the current debt is from 3 GOP presidents, Reagan, Bush I, and Bush II.It was Bush's meddling that caused the problem, and every time the GOP screws up they say "government" did it.
It was Bush's Dec 2003 American Dream Downpayment Initiative (ADDI) that changed the rules to allow no downpayment loans for more than the house was worth to people with bad credit who could not keep up with the payments and who were at least 20% below the standard of living for the neighborhood they were buying into.
The ADDI was passed in Dec 2003 and everything in housing started to go bad in 2004. Even your MessiahRushie admits 2004 was the turning point for the Bush Housing Crash.
July 7,2010
BREAK TRANSCRIPT
RUSH: To illustrate my point even further: "Subprime mortgages accounted for 9 percent of all mortgage originations from 1996 through 2004." But that 9% became 21% from 2004 to 2006, 21% of all mortgages were subprime. Twenty-one percent of all mortgages were essentially money given away to people because they were loans made to people that everybody knew going in would never pay them back. And that 21% of the mortgage market being subprime equaled about $600,000 billion in 2006, which was at the time one-fifth of the US home loan market.
I couldn't give a crap if you blame it on Bush. The problem was big government meddling, something both parties have been guilty of for at least 100 years. Get over your partisan blame game. It's sad.
The Republicans are the party that says government doesn't work and then they get elected and prove it.
P. J. O'Rourke
Where's the logic in US elites increasing their share of national income and wealth over the last ten years while the country lost 42,400 factories between 2001 and 2009. There's only been one country in history to lose more jobs in a single ten year period than the US lost between 2001 -'09, and that was the USSR during the last decade of its existence.
Apparently, you see a Constitutional justification for the current level of US inequality.
Care to share it?
Disturbing Statistics on the Decline of America's Middle Class - DailyFinance
Any luck refuting "Blodget's silly number?""Wall Street Bailout so far exceeds total cost of all US Wars"
Wall Street Bailout so far exceeds total cost of all US Wars | NowPublic Photo Archives
What percentage of the total bailout do you believe TARP represents?
More than Hank Paulson's retirement package?
Wow! Scary quote.
Your link had no details.
Try again?
Any luck with Blodget's silly number?
Or have we given up on that one?
"But it turns out that that $700 billion (TARP) is just a small part of a much larger pool of money that has gone into propping up our nation’s financial system. And most of that taxpayer money hasn’t had much public scrutiny at all.
"According to a team at Bloomberg News, at one point last year the U.S. had lent, spent or guaranteed as much as $12.8 trillion to rescue the economy.
"The Bloomberg reporters have been following that money. Alison Stewart spoke with one, Bob Ivry, to talk about the true cost to the taxpayer of the Wall Street bailout."
The true cost of the bank bailout | Need to Know
Come back?
Mark Pittman had much better eyesight than you do.Of course, rich parasites should be allowed to gamble to their heart's content in Wall Street's casino. All winnings belong only to the parasite while taxpayers cover all loses.
The only losses I see taxpayers covering are Fannie and Freddie.
The Dems best friends.
Maybe he still does?
"A former police-beat reporter who joined Bloomberg News in 1997, Pittman wrote stories in 2007 predicting the collapse of the banking system.
"That year, he won the Gerald Loeb Award from the UCLA Anderson School of Management, the highest accolade in financial journalism, for 'Wall Streets Faustian Bargain,' a series of articles on the breakdown of the U.S. mortgage industry..."
Look harder.
Mark Pittman, Reporter Who Challenged Fed Secrecy, Dies at 52 - Bloomberg
Yes, they also hire millions of people abroad. Just as foreign countries hire millions of Americans. Nothing you said refuted my argument because millions of people are still being hired in the US because rich people have the money to finance the employed. And now they are hiring people abroad as well."...giving the public goods and services like televisions....computers"
Where do you suppose those televisions and computers are manufactured today?
"According to one economist, the country(USA) currently doesn't produce any television sets.
"Computer manufacturing in the U.S. employs about 166,000 people; in 1975, it employed almost 300,000. Meanwhile, Asia's computer manufacturing sector has about 1.5 million workers and a single tech manufacturer, Foxconn, employs more than 800,000 people.
"If the name Foxconn sounds familiar, it's because the company entered the news earlier this year when twelve of its employees at one factory committed suicide. In the months that followed the suicide cluster, disturbing facts emerged about the facility, which produced Apple iPods.
Disturbing Statistics on the Decline of America's Middle Class - DailyFinance
Please.
Greed is not a virtue.
It's a mental disorder.
Like suicide or capitalism.
