President Obama vs Mitt Romney |
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Deadaim
[qM] Joined: 21 Jan 2009 Online Status: Offline Posts: 1791 |
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Topic: President Obama vs Mitt Romney Posted: 24 Oct 2012 at 8:43am |
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the UK is fkd beyond repair. meanwhile the USA still runs the entire f***ing world. so yes.. I see your envy.
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Pinnacle
Forum Moderator Joined: 14 Dec 2008 Location: Dogtown, CA Online Status: Offline Posts: 2510 |
Post Options Quote Reply Posted: 24 Oct 2012 at 9:01am | |
Understood. Then remove the term "economists" from my statement and plug "credit rating agencies". Seems like all of the financial rating agencies agree that the the American financial rating is ins sharp decline. S&P downgraded us (which to this day if one of the most painful things I've seen). It's one of the most respected American financial rating agencies and they beleive that as a result of the 50% increase to our debt over the past 4 years, that America is no longer AAA rated. Ever wonder why our US Dollar is tanking? That is outrageous. And I didn't take it as an attack. This is all good conversation.
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Pinnacle
Forum Moderator Joined: 14 Dec 2008 Location: Dogtown, CA Online Status: Offline Posts: 2510 |
Post Options Quote Reply Posted: 24 Oct 2012 at 9:10am | |
Chisox, I hate to break it to you, but every "forecast" that these plans and budgets are built off of are speculative. However, there are trends and history to support certain claims. Here's how lowering taxes helps the economy - First it puts more money into people's pockets - Since they have more money in their pockets, they buy things like houses, cars, video games, movies, vacations, etc. (all the crap that noone needs, but wants) - Since almost aevery sale transaction is taxed by the US Government, it in turn leads to more transactions, thus more tax dollars being pulled into the Government - That means the Government will have a higher net tax draw than the previous year. This is a known fact that lower taxes will work this way. Hence why Romney proposed it. So here is the offset. It's not just tax loopholes and deducations. They took averages of percentage increases generated by tax decreases over the course of the past 4 years (especially during Reagan's time). Their analysis shows that by decreasing taxes by 20%, it will raise more than $2T than the revenue that the Government is currently taking in. Then you get rid of Obamacare and close loopholesand deductions and what do you know, it is deficit neutral. Deloitte conducted the forecast and this was their determination. Feel free to read through the almost 1000 pages of analysis they conducted on this. As for the 9% corporate tax reference, you do realize that corporations actually have to make money in order to have taxable income? Do you realize that most corporations are in the red over the past 3 years? Stating the average corporate tax rate is simply skewing the picture. Now if Apple and Exxon were paying that much, I'd be outraged. But when you have 75% of corporate America in the gutter, what taxable income is their to pay taxes on? Can you please show the 10 companies you are talking about? I'd like to look them up.
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JPINATOR
Administrator Joined: 29 Mar 2011 Location: Saint Paul, MN Online Status: Offline Posts: 2118 |
Post Options Quote Reply Posted: 24 Oct 2012 at 9:21am | |
you guys supposed to be working?
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drdeath2point0
Godlike Member Joined: 09 Feb 2012 Online Status: Offline Posts: 995 |
Post Options Quote Reply Posted: 24 Oct 2012 at 9:43am | |
This is false, He wouldn't need four years..... |
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drdeath2point0
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Pinnacle
Forum Moderator Joined: 14 Dec 2008 Location: Dogtown, CA Online Status: Offline Posts: 2510 |
Post Options Quote Reply Posted: 24 Oct 2012 at 10:54am | |
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JPINATOR
Administrator Joined: 29 Mar 2011 Location: Saint Paul, MN Online Status: Offline Posts: 2118 |
Post Options Quote Reply Posted: 24 Oct 2012 at 11:15am | |
nice, wish I was there
so no future trips to BL2? I wanna crash your parties with Bain |
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-DaGoN-
Godlike Member I've got a bucket on me head!!! Joined: 08 Apr 2010 Online Status: Offline Posts: 1683 |
Post Options Quote Reply Posted: 24 Oct 2012 at 11:25am | |
I don't think he meant to diss you, I understood is as a defense for Obama to those who say that he hasn't done anything about the economy, this takes time, plus the argument "vote for us because Obama couldn't clean up our mess quick enough" isn't exactly flawless.. EDIT: nevermind, haha I still mean what I said, I think you can say that as a defense for Obama. That doesn't mean I'd vote for him, but yeah
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B-B-BucKetHe4D !
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Sk-iller
Godlike Member Joined: 19 Nov 2008 Location: London Online Status: Offline Posts: 3119 |
Post Options Quote Reply Posted: 24 Oct 2012 at 11:26am | |
where did you learn that, in prison? Probably some documentry trying to make Americans feel good about being American Our economy is in better shape than all our european
neighbours and our social structure isn't built on slavery and racism. In all seriousness America was the leading light of the world under Clinton. Not by an iron fist but by the example of moral integrity that you and you allies (Great Britain included) lost, by chasing the black gold in the Middle East. Were you advising Bush on foreign policy? I knew some mindless thug was.
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Pinnacle
Forum Moderator Joined: 14 Dec 2008 Location: Dogtown, CA Online Status: Offline Posts: 2510 |
Post Options Quote Reply Posted: 24 Oct 2012 at 11:38am | |
Hey Skiller, what was your country up to before the US entered WWII? I believe it was America's iron fist that saved London from being blonde haired and blue eyed. Not sure you understand US history, and I'm not going to attempt to explain 250 years of history to you. Your arguement is I am right because I say I'm right. In all seriousness, America has been the leading light of the world because we know how to make money and have immense military might. I find it amusing that we are trying to have a conversation with Europeans regarding US Presidency, as if we suddenly need to convince you what is good for our country. Unlike your Parliament that screams at each other daily, we actually respect differences of opinion here. I actually like hearing King's and Feh's points. It's what makes America great. We throw a bunch of ideas out their and we hope to choose the best one. Without the millions of ideas, we wouldn't be who we are today. And before you start criticizing America, please put down your computer, since it's probably running on an American made operating system, stop using Google for you search, turn off your color TV, turn off your alternating current lightbulbs, stop using the internet, turn off your car, stop flying in planes, take off your clothes since they were sewn by sewing machines, don't get your polio vaccine, and stop using any other invention the US has come up with. So instead of criticizing the US, perhaps your should consider how the history of the US has changed your life for the better. Also, doesn't your union have enough problems on their hands?
Oh and on China . . . our GDP is growing, even if very slightly. Their GDP was down 30% in 2011. How long do you think China is going to last when American companies pull out and our consumers stop buying their products? Please see Japan circa 1980-1990 and look at how long it has taken to recover.
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ax412
Team iAM Duel Champ Joined: 29 Jan 2009 Location: Cali Online Status: Offline Posts: 4833 |
Post Options Quote Reply Posted: 24 Oct 2012 at 11:45am | |
Lol right now, these are the BEST times in the world to borrow. (When Inflation goes up, Who wins? Borrowers or Lenders? The Borrowers do :) ) So if the US Governement is going to borrow from China, I'd rather it did it now. Because the Nominal Interest rate is more or less getting rap3d by the rate of inflation. (which is low) A trillion dollars today will be funny money 30+ years from now.
If you're gonna borrow might as well do it now. I thought we already knew that America> Now back to this upcoming election :) America is awesome because when we borrow money, we BORROW MONEY IN US CURRENCY. So whenever the Fed decides to print more of it, China and Brasil have heart attacks. Lol somebody wake me up when China finishes their aircraft carrier and then I'll tell them to build 11 more. |
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-DaGoN-
Godlike Member I've got a bucket on me head!!! Joined: 08 Apr 2010 Online Status: Offline Posts: 1683 |
Post Options Quote Reply Posted: 24 Oct 2012 at 11:50am | |
A little off topic:
Pinn, I fully respect you and your opinion, I know you like to hear other people's opinion even if they may differ from yours, which is a great thing. And yes America has done great things, of course. They still do good things by stablizing. But at the same time Skiller has a great point, I do believe he is partly right, maybe America is not the biggest threat, but even though it's a great power which has done good, the general american mindset can become unstable and very dangerous quickly, and just because the US is such a damn powerful country, due to it's size just like it's politics and even values, it is such a big potential danger to the world. Let's face it, the United States of America want to police the world and of course, you saved Europes ass before, but if that world police game goes too far..well of course it will sooner or later provoke other unstable forces like Iran too far
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B-B-BucKetHe4D !
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chisox666
Team iAM Joined: 31 Jan 2009 Location: Chicago burbs Online Status: Offline Posts: 463 |
Post Options Quote Reply Posted: 24 Oct 2012 at 11:53am | |
http://www.huffingtonpost.com/2012/08/06/most-profitable-corporations-tax-rate_n_1746817.html Read the above article Pinnacle and you will find that Exxon and Apple represent 1/5 of the 10 most profitable U.S. corporations that are paying an average income tax rate of 9%. Exxon Mobil only sent 2% of its $73.3 billion dollars earned to the IRS. |
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get fragged
Misery Index - Heirs To Thievery |
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Pinnacle
Forum Moderator Joined: 14 Dec 2008 Location: Dogtown, CA Online Status: Offline Posts: 2510 |
Post Options Quote Reply Posted: 24 Oct 2012 at 11:56am | |
Chisox, I'm going to look up their SEC filing to see why this is the case. Thanks for sharing the article. I'll have a response shortly.
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Pinnacle
Forum Moderator Joined: 14 Dec 2008 Location: Dogtown, CA Online Status: Offline Posts: 2510 |
Post Options Quote Reply Posted: 24 Oct 2012 at 12:02pm | |
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ax412
Team iAM Duel Champ Joined: 29 Jan 2009 Location: Cali Online Status: Offline Posts: 4833 |
Post Options Quote Reply Posted: 24 Oct 2012 at 12:03pm | |
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Sk-iller
Godlike Member Joined: 19 Nov 2008 Location: London Online Status: Offline Posts: 3119 |
Post Options Quote Reply Posted: 24 Oct 2012 at 12:03pm | |
Pin the post was aimed at DEADLAME not you. I have
deliberately avoided replying to the many posts of yours that I disagree with
because you are my friend & fall into the category of people that think
with their wallets (neo con).
And if your best comeback is a cheap shot about the WW2 which happened way before any of us or our fathers was born is the best you got, then your argument is monumentally weak. Why don’t I start up about how we created your country or some other sh!t that has absolutely nothing to do about Americas failed foreign policy under the Bush administration which crashed the world economy and stripped the western world of any moral leadership.
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Pinnacle
Forum Moderator Joined: 14 Dec 2008 Location: Dogtown, CA Online Status: Offline Posts: 2510 |
Post Options Quote Reply Posted: 24 Oct 2012 at 12:06pm | |
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Pinnacle
Forum Moderator Joined: 14 Dec 2008 Location: Dogtown, CA Online Status: Offline Posts: 2510 |
Post Options Quote Reply Posted: 24 Oct 2012 at 12:09pm | |
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Pinnacle
Forum Moderator Joined: 14 Dec 2008 Location: Dogtown, CA Online Status: Offline Posts: 2510 |
Post Options Quote Reply Posted: 24 Oct 2012 at 12:11pm | |
Anyways, I'm out for a few days. Good chatting with you guys. I actually am enjoying the good conversation. See you this weekend.
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Sk-iller
Godlike Member Joined: 19 Nov 2008 Location: London Online Status: Offline Posts: 3119 |
Post Options Quote Reply Posted: 24 Oct 2012 at 12:16pm | |
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-DaGoN-
Godlike Member I've got a bucket on me head!!! Joined: 08 Apr 2010 Online Status: Offline Posts: 1683 |
Post Options Quote Reply Posted: 24 Oct 2012 at 12:19pm | |
And of course they have that view, it's kind of why they are considered extremists. And they do need a certain amount of control, sure I fully agree. My point was just that this is a very unstable situation which can escalate very quickly, and that plus the might of the US, the military force and political influence, makes America potentially extremely dangerous Oh, and see you then Pinn, nice talking. You're a respectable person you know
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B-B-BucKetHe4D !
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JPINATOR
Administrator Joined: 29 Mar 2011 Location: Saint Paul, MN Online Status: Offline Posts: 2118 |
Post Options Quote Reply Posted: 24 Oct 2012 at 12:21pm | |
Yes, those Americans that, because of their religion, feel the need to fly airplanes into buildings or storm other countries embassys and kill people. Other countries turn to violence when there is a youtube video.. or a Koran burning, anything that disrespects their beliefs and or country. You want to know how many times I've seen our American flag burned? countless!! do we storm embassys.. do we run out in the streets in mass chaos? Even when our hockey team loses the Stanley Cup we don't run out and trash our own city lol.. we are dangerous people over here, our Apple Pies are to DIE FOR!!! |
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-DaGoN-
Godlike Member I've got a bucket on me head!!! Joined: 08 Apr 2010 Online Status: Offline Posts: 1683 |
Post Options Quote Reply Posted: 24 Oct 2012 at 12:27pm | |
Well I basically meant that general world police play :P I know it's not the people themselves, just like most european countries you are better than that. And we have the same problem with stormed embassies here too, sure it's a shame. Dem extremists
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B-B-BucKetHe4D !
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JPINATOR
Administrator Joined: 29 Mar 2011 Location: Saint Paul, MN Online Status: Offline Posts: 2118 |
Post Options Quote Reply Posted: 24 Oct 2012 at 12:28pm | |
ahh.. I see.. LOL
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