Why are republicans so stupid when it comes to Food Stamps?

[JonKoch]

Sorry YOU are an ignorant tool cupcake

Forbes

...Back then, taxpayers were exploiting Section 179 of the U.S. Tax Code – a provision designed to allow small businesses to expense (or immediately write off) small capital investments. As part of the 2003 Bush tax cuts, the maximum Section 179 write-off was increased from $24,000 to $100,000. In October 2004, after the Hummer hullabaloo, Congress limited the write-off for trucks weighing between 6,000 and 14,000 pounds to $25,000, curbing luxury SUVs’ tax appeal. (Write-offs for luxury cars were already more limited.)

How To Take A 100% Tax Write-Off For A New Porsche, BMW or Cadillac


ANYTHING ELSE CUPCAKE

Why YES, CUPCAKE!

Your wrong yet AGAIN!

Your original lie stated clearly that there was a $100,000 CREDIT. PERIOD. Major lie.

Your own post above states a WRITE-OFF of $24,000 to $100,000. This is NOT the same as a TAX CREDIT. Not even close. A write-off is a tax deduction taken in one year. Previously your vehicle had to be amortized over a number of years or taking a per mile allowance.

You are right that President Bush made the first payment to the auto industry on Dec. 31, 2008. That was after consulting with President-Elect Obama and they agreed. After that, all payment were on the watch of President Obama.

Sorry Cupcake you don't understand attribution works

ABC


Congress recently passed a tax bill, as proposed in President Bush's economic stimulus plan, that offers a $100,000 tax credit for business owners who purchase any vehicle weighing 6,000 pounds or more when fully loaded.

Fed Tax Break Encourages SUV Purchases

NOT ME CUPCAKE, TRY CHECKING YOUR READING COMPREHENSION ISSUES


YES, GLAD YOU AGREE DUBYA AS PREZ IN DEC 2008, SPENT MONEY SAVING THE AUTO INDUSTRY FROM COLLAPSING LIKE THE RIGHT WINGERS WANTED TO HAPPEN! Obama huh? LMAOPROG


Bush announces $17.4 billion auto bailout
12/19/2008

"If we were to allow the free market to take its course now, it would almost certainly lead to disorderly bankruptcy," Bush said at the White House, in remarks carried live by the national broadcast networks. "In the midst of a financial crisis and a recession, allowing the U.S. auto industry to collapse is not a responsible course of action. The question is how we can best give it a chance to succeed."



..."My economic advisers believe that such a collapse would deal an unacceptably painful blow to hardworking Americans far beyond the auto industry. It would worsen a weak job market and exacerbate the financial crisis," he said. "It could send our suffering economy into a deeper and longer recession."

...The money will come from the Wall Street bailout passed by Congress, a reversal for the White House. President-elect Barack Obama and Democrats had long advocated that course, and Bush had resisted it.

Of the total, $13.4 billion will be paid out in December and January, administration officials told reporters in a briefing. The last $4 billion is contingent on release of the second installment of the Wall Street bailout funds by Congress.

POLITICO

Bush announces $17.4 billion auto bailout

WHAT OTHER LIES DO YOU HAVE CUPCAKE?

 

[Markle]

Sorry Cupcake, BJ Bill had 4 budget surpluses, 3 after vetoing the GOP's $792+ billion tax cut. You know what a budget surplus is right cupcake?

Carter had US near 19.6% of GDP in revenues and Ronnie GUTTED it to 17% of revenues but 22% in spending, BJ Bill got it back to 20% of revenues/spending cupcake, WHILE Dubya gutted revenues to 14.6% of GDP and blew up spending to almost 24%

There cannot be a surplus if there is any debt... simple case of arithmetic can tell you that

Yes cupcake, debt, nothing to do with F/Y year budgets cupcake

A budget surplus is a period when income or receipts exceed outlays or expenditures.
Budget Surplus

Basically if you have a bank account you can't take any more out of it than what you have in it, if you do that's debt

Cupcake, it's pretty simple, you have a larger number coming into treasury than going out any given F/Y period and you have a surplus. BJ Bill had 4 of those..

IF that were true, how did the DEBT increase each year?

 

[Markle]

Weird WAY more women have accused Cheeto than BJ Bill, Cupcake?

Bill Clinton sexual misconduct allegations - Wikipedia

William Jefferson Clinton, Former President of the United States and Democrat

Sexual Assault

Rape

Gennifer Flowers (Unknown settlement)

Paula Jones ($850,000 settlement)

Kathleen Willey (Unknown settlement)

Juanita Broaddrick (Unknown settlement)

Monica Lewinsky….(“I did not have sex with THAT woman”)

Perjury
Impeachment

Loss of Law License

$50,000 fine

Whitewater
Arkansas Gov. Jim Guy Tucker - fraud felony convictions - 3 counts (Tucker

resigned facing impeachment)

Jim McDougal - fraud and conspiracy felony convictions - 18 counts

Susan McDougal - felony - 4 counts (pardoned during Clinton's last minute

pardongate payoffs)

William J. Marks Sr - conspiracy

Stephen Smith - conspiracy

Larry Kuca - Fraud

Neal Ainley - 2 misdemeanors for embezzlement

David Hale - guilty plea - conspiracy

Chris Wade - felony

Whitewater real-estate investor John Haley - recent!

1998 on fraud Robert Palmer - felony for conspiracy Charles Matthews - guilty
plea for bribery Eugene Fitzhugh -

Whitewater - bribery Webster Hubbell - #2 ranking Justice Dept. Official -
felony for embezzlement and fraud

John Latham - CEO of Madison Bank - bank fraud Campaign

Finance: Johnny Chung - Clinton cronie - felony guilty plea - funneling money from China

Gene Lum - convicted - felony for money laundering for the DNC

Nora Lum - convicted - felony for money laundering for the DNC

Howard Glicken - guilty plea - 2 midemeanors - funneling foreign donations

Yah Lin "Charlie" Trie - guilty plea - illegal Clinton campaign donations

John Huang - Clinton cronie - felony guilty plea - funneling money from China

Paula Jonesgate: William Jefferson Clinton - found guilty - civil contempt of court - lying under oath about material facts. The Office of the Independent

Council further presented Clinton with an agreement that had him disbarred from practicing law for 5 years and made him sign a statement admitting to his deception.

Post Administration
Sandy Bergergate Sandy Berger – Clinton National Security Adviser -- found guilty of stealing highly class documents from the National Archive and destroying them.

 

[JonKoch]

YOUR defense of Dubya noted cupcake

[/QU

OTE]

Total LIE. 100% B.S.

We have never, ever had anywhere near a $5.6 TRILLION surplus.

NONE of your posts have any more truth than this one.

Weird you have reading comprehension issues cupcake??


Jan. 31, 2001
Budget-Surplus Estimate Is Boosted to $5.6 Trillion

-- As President Bush signaled new flexibility on his tax-cut plans, congressional analysts gave those plans a boost with a whopping $5.6 trillion estimate of the 10-year federal budget surplus.

The Congressional Budget Office report, to be released Wednesday, represents one of the biggest upward revisions yet in the government's rising tide of black ink since surpluses began appearing a few years ago.

Budget-Surplus Estimate Is Boosted to $5.6 Trillion

You claimed a $5.6 TRILLION SURPLUS. There never was any such thing. That is a lie.

The budget is a paper figure. The DEBT is real.

As you know too, petulant former President Barack Hussein Obama has not had a single year of a budget deficit which was less than those of President Bush. Not one, including this year where out DEBT will exceed $20 TRILLION.

Stop posting lies and you won't get your panties in a wad when you are proven to be lying.

Learn how to post TO THE POSTER CUPCAKE, not within the quotes


Dubya's FINAL F/Y BUDGET THAT ENDS SEPT 30TH 2009 CUPCAKE

Jan 7, 2009

CBO projects record $1.2 trillion deficit

CBO projects record $1.2 trillion deficit - Jan. 7, 2009

President Bush never signed a budget for 2009. The one submitted by President Bush had a $480 Billion deficit which Nancy Pelosi never allowed to come to a vote. President Obama signed it in April of 2009 after he had added a $1 TRILLION failed stimulus.

Oh since Dubya refused to sign the budget for 2009, it isn't his cupcake? LIKE EVERY OTHER PREZ? WHAT HE KEEPS A 71/2 YEAR BUDGET CUPCAKE?

NOTE CBO 11 DAYS PRE OBAMA PROJECTED A $1.2+ TRILLION DEFICIT CUPCAKE?



Stimulus had a $787 stimulus cupcake (40% TAX CUTS TO TRY TO GET A FEW GOP VOTES) which very little was for F/Y 2009, Dubya's finals F/Y budget


Mar 23, 2017 - As a result, the newly-elected President Obama passed the FY 2009 budget, folding in $253 billion in expenses for the Economic Stimulus Act
The Story Behind the Largest Deficit in U.S. History


The fiscal year 2009 budget describes Federal government revenue and spending for October 1, 2008, through September 30, 2009. The Bush Administration submitted it to Congress in February 2008, right on schedule, but Congress stated it was dead on arrival. Why? It was the first budget to propose spending more than $3 trillion, it underfunded the War on Terror, and its revenue projections ignored the warning signs of recession.

As a result, it wasn't signed until President Obama took office in 2009. At the end of FY 2008 (September 30, 2008), President Bush and Congress signed a Continuing Resolution to fund the government for another six months.

Revenue

For FY 2009, the Federal government received $2.105 trillion in revenue.

Congress thought the original FY 2009 revenue projection of $2.7 trillion was too high, given the slowing economy. As it turned out, Congress was right. Bush proposed his budget before the March bailout of Bear Stearns, the July bailout of Fannie Mae and Freddie Mac, and before Lehman Brothers went bankrupt.

The Story Behind the Largest Deficit in U.S. History


ANYTHING ELSE CUPCAKE?

 

[francoHFW]

Food stamp use increased 70% during the Obama years. Is that good news or bad news to the left?

Because of the corrupt Boooshie DEPRESSION, and has been going back down since 2012. Dupes!!!

 

[francoHFW]

Weird WAY more women have accused Cheeto than BJ Bill, Cupcake?

Bill Clinton sexual misconduct allegations - Wikipedia

William Jefferson Clinton, Former President of the United States and Democrat

Sexual Assault

Rape

Gennifer Flowers (Unknown settlement)

Paula Jones ($850,000 settlement)

Kathleen Willey (Unknown settlement)

Juanita Broaddrick (Unknown settlement)

Monica Lewinsky….(“I did not have sex with THAT woman”)

Perjury
Impeachment

Loss of Law License

$50,000 fine

Whitewater
Arkansas Gov. Jim Guy Tucker - fraud felony convictions - 3 counts (Tucker

resigned facing impeachment)

Jim McDougal - fraud and conspiracy felony convictions - 18 counts

Susan McDougal - felony - 4 counts (pardoned during Clinton's last minute

pardongate payoffs)

William J. Marks Sr - conspiracy

Stephen Smith - conspiracy

Larry Kuca - Fraud

Neal Ainley - 2 misdemeanors for embezzlement

David Hale - guilty plea - conspiracy

Chris Wade - felony

Whitewater real-estate investor John Haley - recent!

1998 on fraud Robert Palmer - felony for conspiracy Charles Matthews - guilty
plea for bribery Eugene Fitzhugh -

Whitewater - bribery Webster Hubbell - #2 ranking Justice Dept. Official -
felony for embezzlement and fraud

John Latham - CEO of Madison Bank - bank fraud Campaign

Finance: Johnny Chung - Clinton cronie - felony guilty plea - funneling money from China

Gene Lum - convicted - felony for money laundering for the DNC

Nora Lum - convicted - felony for money laundering for the DNC

Howard Glicken - guilty plea - 2 midemeanors - funneling foreign donations

Yah Lin "Charlie" Trie - guilty plea - illegal Clinton campaign donations

John Huang - Clinton cronie - felony guilty plea - funneling money from China

Paula Jonesgate: William Jefferson Clinton - found guilty - civil contempt of court - lying under oath about material facts. The Office of the Independent

Council further presented Clinton with an agreement that had him disbarred from practicing law for 5 years and made him sign a statement admitting to his deception.

Post Administration
Sandy Bergergate Sandy Berger – Clinton National Security Adviser -- found guilty of stealing highly class documents from the National Archive and destroying them.

Hilary- Nothing. Bill - No criminal charges. Those women only pushed into never ending suits by GOP- so paid off, most of which went to GOP lawyers. All of those people only found out through GOP witch hunts. A disgrace. Trump 25 milllion dollar fraud.

 

[JonKoch]

Sure wish Ronnie/Dubya didn't try just half of Keynes, you know when they both blew up spending AS they gutted revenues

There has never been a surplus for many, many decades... just debt... lol
We are an overtaxed society... And perceived future taxes do not exist

Sorry Cupcake, BJ Bill had 4 budget surpluses, 3 after vetoing the GOP's $792+ billion tax cut. You know what a budget surplus is right cupcake?

Carter had US near 19.6% of GDP in revenues and Ronnie GUTTED it to 17% of revenues but 22% in spending, BJ Bill got it back to 20% of revenues/spending cupcake, WHILE Dubya gutted revenues to 14.6% of GDP and blew up spending to almost 24%

There cannot be a surplus if there is any debt... simple case of arithmetic can tell you that

ANOTHER ignorant right winger who doesn't understand the difference with budgets and deficits/debt cupcake?

Hint money coming into treasury versus going out in a F/Y budget is called a budget surplus or deficit.

Q: During the Clinton administration was the federal budget balanced? Was the federal deficit erased?

A: Yes to both questions, whether you count Social Security or not.

The Budget and Deficit Under Clinton - FactCheck.org

Curious, why did you not include the years of petulant former President Barack Hussein Obama? Frightening isn't it?

As for a surplus during some years of the Clinton administration.

IF there was a surplus, WHY did the DEBT increase each year?

Gosh ANOTHER right winger who doesn't understand the difference with a YEARLY BUDGET and debt versus and deficits? I'm shocked cupcake that there are SOOOO many ignorant right wingers


Hint a YEARLY BUDGET just looks at treasury revenues coming in versus going out Cupcake

Obama?

 

[JonKoch]

Weird WAY more women have accused Cheeto than BJ Bill, Cupcake?

Bill Clinton sexual misconduct allegations - Wikipedia

William Jefferson Clinton, Former President of the United States and Democrat

Sexual Assault

Rape

Gennifer Flowers (Unknown settlement)

Paula Jones ($850,000 settlement)

Kathleen Willey (Unknown settlement)

Juanita Broaddrick (Unknown settlement)

Monica Lewinsky….(“I did not have sex with THAT woman”)

Perjury
Impeachment

Loss of Law License

$50,000 fine

Whitewater
Arkansas Gov. Jim Guy Tucker - fraud felony convictions - 3 counts (Tucker

resigned facing impeachment)

Jim McDougal - fraud and conspiracy felony convictions - 18 counts

Susan McDougal - felony - 4 counts (pardoned during Clinton's last minute

pardongate payoffs)

William J. Marks Sr - conspiracy

Stephen Smith - conspiracy

Larry Kuca - Fraud

Neal Ainley - 2 misdemeanors for embezzlement

David Hale - guilty plea - conspiracy

Chris Wade - felony

Whitewater real-estate investor John Haley - recent!

1998 on fraud Robert Palmer - felony for conspiracy Charles Matthews - guilty
plea for bribery Eugene Fitzhugh -

Whitewater - bribery Webster Hubbell - #2 ranking Justice Dept. Official -
felony for embezzlement and fraud

John Latham - CEO of Madison Bank - bank fraud Campaign

Finance: Johnny Chung - Clinton cronie - felony guilty plea - funneling money from China

Gene Lum - convicted - felony for money laundering for the DNC

Nora Lum - convicted - felony for money laundering for the DNC

Howard Glicken - guilty plea - 2 midemeanors - funneling foreign donations

Yah Lin "Charlie" Trie - guilty plea - illegal Clinton campaign donations

John Huang - Clinton cronie - felony guilty plea - funneling money from China

Paula Jonesgate: William Jefferson Clinton - found guilty - civil contempt of court - lying under oath about material facts. The Office of the Independent

Council further presented Clinton with an agreement that had him disbarred from practicing law for 5 years and made him sign a statement admitting to his deception.

Post Administration
Sandy Bergergate Sandy Berger – Clinton National Security Adviser -- found guilty of stealing highly class documents from the National Archive and destroying them.

LMAOROG


The presidency of Ronald Reagan in the United States was marked by multiple scandals, resulting in the investigation, indictment, or conviction of over 138 administration officials, the largest number for any U.S. president

• 1 Iran–Contra affair
• 2 Department of Housing and Urban Development grant rigging
• 3 Lobbying scandal
• 4 EPA scandals
• 5 Inslaw Affair
• 6 Savings & loan crisis
• 7 Operation Ill Wind

Victor D. Cohen, Deputy Assistant Secretary of the Air Force, was the 50th conviction obtained under the Ill Wind probe when he pleaded guilty to accepting bribes and conspiring to defraud the government

• 8 Wedtech Scandal

The most well-known and politically damaging of the scandals came to light in November 1986, when Ronald Reagan conceded that the United States had sold weapons to the Islamic Republic of Iran, as part of a largely unsuccessful effort to secure the release of six U.S. citizens being held hostage in Lebanon. It was also disclosed that some of the money from the arms deal with Iran had been covertly and illegally funneled into a fund to aid the right-wing Contras counter-revolutionary groups seeking to overthrow the socialist Sandinista government of Nicaragua. The Iran–Contra affair, as it became known, did serious damage to the Reagan presidency.

The investigations were effectively halted when President George H. W. Bush (Reagan's vice president) pardoned Secretary of Defense Caspar Weinberger before his trial began
Reagan administration scandals - Wikipedia

 

[Markle]

 

[JonKoch]

YOU STILL HAVING A HARD TIME UNDERSTANDING A YEARLY BUDGET IS MONEY COMING IN VS GOING OUT CUPCAKE? True thanks to INTRA GOV'T DEBT (excess SS, Medicare, etc) debt CAN increase, but under the fiscal discipline BJ Bill showed the US paid off almost $500 billion PUBLIC debt cupcake. That was when BJ Bill had 3 surpluses AFTER he vetoed the GOP's $792+ billion tax cut after BJ Bill's first surplus Cupcake

 

[healthmyths]

First of all the GOP establishment are progressives, George W. Bush started all of the bailouts of Banks and car companies and what not. Which were the biggest failures of his presidency. Not to mention the stupidity of giving all of that aid to Africa.

Sure cupcake, THAT was your original premise

An Inconvenient Truth: It Was George W. Bush Who Bailed Out the Automakers

Gosh cupcake, thought YOU had no use for ANY of the guys? LMAOROG

Why'd he have to bail them out again? Oh right 8 years of GOP "job creator" policies

After the 9/11 terrorist attacks, President Bush didn't call for sacrifice. He called for shopping. "Get down to Disney World in Florida," he said.
A Look Back at Bush's Economic Missteps - TIME

Fed Tax Break Encourages SUV Purchases

Thanks to a generous tax credit, Karl Wizinsky is driving a very large vehicle these days — a 2002 Ford Excursion.

"It doesn't hurt to have a larger vehicle, but I wouldn't say it's a requirement of my business," he said on a cell phone while driving the Excursion. "But I ended up saving $32,000."

This year, the perks of buying a large SUV — if you're a small business owner — got even bigger.

Congress recently passed a tax bill, as proposed in President Bush's economic stimulus plan, that offers a $100,000 tax credit for business owners who purchase any vehicle weighing 6,000 pounds or more when fully loaded.

When Wizinsky's accountant told him about the credit last year, the amount was much less, at $75,000, but it was enough to encourage Wizinsky to trade in his Mercury Marquis for the Excursion.

"It sounded too good to be true," said Wizinsky, a health care consultant in Novi, Mich. "But it was true. So I bought the SUV. For a small company like mine it's a significant credit."

Hybrid Earns Smaller Break

Meanwhile, legislation that offers a much smaller tax break — a $2,000 tax deduction — to those who purchase fuel-efficient hybrid cars is on track to be phased out.
Fed Tax Break Encourages SUV Purchases

Fatal Flaws of Keynesian Economics

Sure wish Ronnie/Dubya didn't try just half of Keynes, you know when they both blew up spending AS they gutted revenues

You are so IGNORANT!!!
EXPLAIN Where the $5.2 Trillion Surplus WAS????
EXPLAIN how YOU or your idiots would have responded to the $8T dot.com bust that started under Clinton? Or the Recession that started? Or 9/11 due to the
Gorelick Memo from Clinton trying to hide Chinese payoff, or Try to explain how YOU would have handled the worst Hurricane SEASONs in history?
And yet.. after the 2003 tax cuts LOOK at the receipts- deficits down!
2004 INCREASE in receipts - deficits down!
2005, increase receipts - deficits down!
,2006 increase receipts - deficits down
,2007 increase receipts - NOTE DEFICIT DOWN..

NOTHING in American history equaled the chaos, the economic losses, the people losses that occurred in these 8 years... and idiots like you blame Bush??

 

[healthmyths]

YOU STILL HAVING A HARD TIME UNDERSTANDING A YEARLY BUDGET IS MONEY COMING IN VS GOING OUT CUPCAKE? True thanks to INTRA GOV'T DEBT (excess SS, Medicare, etc) debt CAN increase, but under the fiscal discipline BJ Bill showed the US paid off almost $500 billion PUBLIC debt cupcake. That was when BJ Bill had 3 surpluses AFTER he vetoed the GOP's $792+ billion tax cut after BJ Bill's first surplus Cupcake

Where are you sources for the above statement? Without independent sources you are full of

 

[guno]

1) The cost of food stamps is a small fraction of the overall welfare budget

2) 2/3 of those on food stamps are kids

3) Few people even qualify for food stamps because it is reserved for the poorest of the poor. It's a program way behind on the rate of inflation as well.

4) Some Veterans are on food stamps.

5) Any adult on food stamps has a job

Republicans in congress are either complete assholes or are willfully ignorant.

But hey i get it: it gives republicans hard ons to say "i don't need a handout! I provide! I'm tough as nails! Derp, derp, derp!" They then pretend complete falsehoods or stereotypes about the program because it makes them feel more manly i guess.

Why can't facts ever permeate the republican bubble?

and they hate their own base

Majority Of The Residents Of America's Food Stamp Capital Are White Republicans

Embedded media from this media site is no longer available

 

[Rustic]

1) The cost of food stamps is a small fraction of the overall welfare budget

2) 2/3 of those on food stamps are kids

3) Few people even qualify for food stamps because it is reserved for the poorest of the poor. It's a program way behind on the rate of inflation as well.

4) Some Veterans are on food stamps.

5) Any adult on food stamps has a job

Republicans in congress are either complete assholes or are willfully ignorant.

But hey i get it: it gives republicans hard ons to say "i don't need a handout! I provide! I'm tough as nails! Derp, derp, derp!" They then pretend complete falsehoods or stereotypes about the program because it makes them feel more manly i guess.

Why can't facts ever permeate the republican bubble?

and they hate their own base

Majority Of The Residents Of America's Food Stamp Capital Are White Republicans

Embedded media from this media site is no longer available

Handouts have never helped anybody

 

[danielpalos]

There is never a good reason to make people pay for socialist entitlement programs like food stamps without their permission... all socialist entitlement programs should be an opt in. If not they are not worth the paper they are printed on.

Congress has your permission. You need to come up with better solutions at lower cost, instead of having No Thing, but repeal.

The only sure bulwark of continuing liberty is a government strong enough to protect the interests of the people, and a people strong enough and well enough informed to maintain its sovereign control over the government. Franklin D. Roosevelt

 

[danielpalos]

1) The cost of food stamps is a small fraction of the overall welfare budget

2) 2/3 of those on food stamps are kids

3) Few people even qualify for food stamps because it is reserved for the poorest of the poor. It's a program way behind on the rate of inflation as well.

4) Some Veterans are on food stamps.

5) Any adult on food stamps has a job

Republicans in congress are either complete assholes or are willfully ignorant.

But hey i get it: it gives republicans hard ons to say "i don't need a handout! I provide! I'm tough as nails! Derp, derp, derp!" They then pretend complete falsehoods or stereotypes about the program because it makes them feel more manly i guess.

Why can't facts ever permeate the republican bubble?

and they hate their own base

Majority Of The Residents Of America's Food Stamp Capital Are White Republicans

Embedded media from this media site is no longer available

Handouts have never helped anybody

Private charity covers, multitudes of sins. That is why the right wing, claims to give more.

 

[JonKoch]

Sure cupcake, THAT was your original premise

An Inconvenient Truth: It Was George W. Bush Who Bailed Out the Automakers

Gosh cupcake, thought YOU had no use for ANY of the guys? LMAOROG

Why'd he have to bail them out again? Oh right 8 years of GOP "job creator" policies

After the 9/11 terrorist attacks, President Bush didn't call for sacrifice. He called for shopping. "Get down to Disney World in Florida," he said.
A Look Back at Bush's Economic Missteps - TIME

Fed Tax Break Encourages SUV Purchases

Thanks to a generous tax credit, Karl Wizinsky is driving a very large vehicle these days — a 2002 Ford Excursion.

"It doesn't hurt to have a larger vehicle, but I wouldn't say it's a requirement of my business," he said on a cell phone while driving the Excursion. "But I ended up saving $32,000."

This year, the perks of buying a large SUV — if you're a small business owner — got even bigger.

Congress recently passed a tax bill, as proposed in President Bush's economic stimulus plan, that offers a $100,000 tax credit for business owners who purchase any vehicle weighing 6,000 pounds or more when fully loaded.

When Wizinsky's accountant told him about the credit last year, the amount was much less, at $75,000, but it was enough to encourage Wizinsky to trade in his Mercury Marquis for the Excursion.

"It sounded too good to be true," said Wizinsky, a health care consultant in Novi, Mich. "But it was true. So I bought the SUV. For a small company like mine it's a significant credit."

Hybrid Earns Smaller Break

Meanwhile, legislation that offers a much smaller tax break — a $2,000 tax deduction — to those who purchase fuel-efficient hybrid cars is on track to be phased out.
Fed Tax Break Encourages SUV Purchases

Fatal Flaws of Keynesian Economics

Sure wish Ronnie/Dubya didn't try just half of Keynes, you know when they both blew up spending AS they gutted revenues

You are so IGNORANT!!!
EXPLAIN Where the $5.2 Trillion Surplus WAS????
EXPLAIN how YOU or your idiots would have responded to the $8T dot.com bust that started under Clinton? Or the Recession that started? Or 9/11 due to the
Gorelick Memo from Clinton trying to hide Chinese payoff, or Try to explain how YOU would have handled the worst Hurricane SEASONs in history?
And yet.. after the 2003 tax cuts LOOK at the receipts- deficits down!
2004 INCREASE in receipts - deficits down!
2005, increase receipts - deficits down!
,2006 increase receipts - deficits down
,2007 increase receipts - NOTE DEFICIT DOWN..

NOTHING in American history equaled the chaos, the economic losses, the people losses that occurred in these 8 years... and idiots like you blame Bush??

View attachment 129870

Yes, we agree, 8 years of Dubya/GOP "job creator" policies SUCKED Cupcake

But instead of being fiscally responsible Dubya GUTTED revenues 25% WHILE blowing up spending 20% with 2 UNFUNDED Tax cuts, 2 UNFUNDED wars, UNFUNDED Medicare expansion and cheering on the Bankster subprime bubble cupcake

OCTOBER 17, 2008

...Notice that in both 2001 and 2002, the US economy continued to grow on an annual basis (the "technical" recession was just a few quarters). Their work suggests that this growth was entirely due to MEWs. In fact, MEWs contributed over 3% to GDP growth in 2004 and 2005, and 2% in 2006. Without US homeowners using their homes as an ATM, the economy would have been very sluggish indeed, averaging much less than 1% for the six years of the Bush presidency. Indeed, as a side observation, without home equity withdrawals the economy would have been so bad it would have been almost impossible for Bush to have won a second term.



The Economic Blue Screen of Death

 

[danielpalos]

Even the right wing hard money crowd is not saying anything about the funny money of EBT transactions; why should the left?

 

[JonKoch]

YOU STILL HAVING A HARD TIME UNDERSTANDING A YEARLY BUDGET IS MONEY COMING IN VS GOING OUT CUPCAKE? True thanks to INTRA GOV'T DEBT (excess SS, Medicare, etc) debt CAN increase, but under the fiscal discipline BJ Bill showed the US paid off almost $500 billion PUBLIC debt cupcake. That was when BJ Bill had 3 surpluses AFTER he vetoed the GOP's $792+ billion tax cut after BJ Bill's first surplus Cupcake

Where are you sources for the above statement? Without independent sources you are full of
View attachment 129873

Which statements cupcake?


Q: During the Clinton administration was the federal budget balanced? Was the federal deficit erased?

A: Yes to both questions, whether you count Social Security or not.

The Budget and Deficit Under Clinton - FactCheck.org

CRS Report for Congress
Recent Changes in Federal Debt
And Its Major Components
Philip D. Winters
Analyst in Government Finance
Government and Finance Division
Summary

The government had surpluses in each of the four years 1998 through 2001. Over
those years, the surpluses reduced federal debt held by the public, one of two
components of total federal debt, by $453 billion

Recent Changes in Federal Debt and its Major Components

Clinton Vetoes $792 Billion GOP Tax-Cut Bill / President calls package bloated

Clinton Vetoes $792 Billion GOP Tax-Cut Bill / President calls package bloated

 

[healthmyths]

An Inconvenient Truth: It Was George W. Bush Who Bailed Out the Automakers

Gosh cupcake, thought YOU had no use for ANY of the guys? LMAOROG

Why'd he have to bail them out again? Oh right 8 years of GOP "job creator" policies

After the 9/11 terrorist attacks, President Bush didn't call for sacrifice. He called for shopping. "Get down to Disney World in Florida," he said.
A Look Back at Bush's Economic Missteps - TIME

Fed Tax Break Encourages SUV Purchases

Thanks to a generous tax credit, Karl Wizinsky is driving a very large vehicle these days — a 2002 Ford Excursion.

"It doesn't hurt to have a larger vehicle, but I wouldn't say it's a requirement of my business," he said on a cell phone while driving the Excursion. "But I ended up saving $32,000."

This year, the perks of buying a large SUV — if you're a small business owner — got even bigger.

Congress recently passed a tax bill, as proposed in President Bush's economic stimulus plan, that offers a $100,000 tax credit for business owners who purchase any vehicle weighing 6,000 pounds or more when fully loaded.

When Wizinsky's accountant told him about the credit last year, the amount was much less, at $75,000, but it was enough to encourage Wizinsky to trade in his Mercury Marquis for the Excursion.

"It sounded too good to be true," said Wizinsky, a health care consultant in Novi, Mich. "But it was true. So I bought the SUV. For a small company like mine it's a significant credit."

Hybrid Earns Smaller Break

Meanwhile, legislation that offers a much smaller tax break — a $2,000 tax deduction — to those who purchase fuel-efficient hybrid cars is on track to be phased out.
Fed Tax Break Encourages SUV Purchases

Fatal Flaws of Keynesian Economics

Sure wish Ronnie/Dubya didn't try just half of Keynes, you know when they both blew up spending AS they gutted revenues

You are so IGNORANT!!!
EXPLAIN Where the $5.2 Trillion Surplus WAS????
EXPLAIN how YOU or your idiots would have responded to the $8T dot.com bust that started under Clinton? Or the Recession that started? Or 9/11 due to the
Gorelick Memo from Clinton trying to hide Chinese payoff, or Try to explain how YOU would have handled the worst Hurricane SEASONs in history?
And yet.. after the 2003 tax cuts LOOK at the receipts- deficits down!
2004 INCREASE in receipts - deficits down!
2005, increase receipts - deficits down!
,2006 increase receipts - deficits down
,2007 increase receipts - NOTE DEFICIT DOWN..

NOTHING in American history equaled the chaos, the economic losses, the people losses that occurred in these 8 years... and idiots like you blame Bush??

View attachment 129870

Yes, we agree, 8 years of Dubya/GOP "job creator" policies SUCKED Cupcake

But instead of being fiscally responsible Dubya GUTTED revenues 25% WHILE blowing up spending 20% with 2 UNFUNDED Tax cuts, 2 UNFUNDED wars, UNFUNDED Medicare expansion and cheering on the Bankster subprime bubble cupcake

OCTOBER 17, 2008

...Notice that in both 2001 and 2002, the US economy continued to grow on an annual basis (the "technical" recession was just a few quarters). Their work suggests that this growth was entirely due to MEWs. In fact, MEWs contributed over 3% to GDP growth in 2004 and 2005, and 2% in 2006. Without US homeowners using their homes as an ATM, the economy would have been very sluggish indeed, averaging much less than 1% for the six years of the Bush presidency. Indeed, as a side observation, without home equity withdrawals the economy would have been so bad it would have been almost impossible for Bush to have won a second term.



The Economic Blue Screen of Death

AND absolutely NO national cataclysmic EVENTS like THESE!
Of course the Idiot Obama made the worst GDP growth in modern history with NOTHING to hold him back except his stupid comments.

And so Obama HAD NO problems to face, economy on rebound and what kind of stupid comments did HE MAKE that discouraged businesses?

- Obama wanted to bankrupt 1,400 companies, that pay $100 billion a year in taxes and unemployed
450,000 people that work for these companies! (Obama told us he favored a "single payer health system"... so what happens to the above?)
- " if somebody wants to build a coal plant, they can – it’s just that it will bankrupt them.”
(Pretty easy way of increasing unemployment.)
- "I prefer higher gas prices". (And Obama signed 40% fewer Federal oil lease exploration then Bush).
- Trump will never tell a foreign country such as "Brazil to develop oil and that the USA will be
their best customer"!
- "Under my plan of a cap and trade system, electricity rates would necessarily skyrocket." (That certainly puts a dent in the pocketbook..._

Obama WANTED unemployment! He wanted businesses to fail!