Obama Planning to invade Texas and turn WalMarts into FEMA Camps

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Originally posted by: forkushV
And by the way, I never start political threads either, but that's another story.
Recently DonDiego initiated a thread bidding David Letterman farewell. Nothing political about it.

forkushV wrote the first response and brought up Obamacare and alleged poor old DonDiego was angry about it somehow. DonDiego supposes forkushV thought he was just posting his thoughts on medical health insurance, . . . as his sendoff to Mr. Letterman, . . . but someone might think it political.

Seems that the cat’s got forkie’s tongue, so I’ll summarize:


The forkie truth
When Reagan started out, the median net worth of the wealthy was 3.4 times that of the middle class. Now it’s 6.6.


The truth
When Reagan started out, the median net worth of the wealthy was 3.4 times that of the middle class. That ratio rose gradually under subsequent administrations, both republican and democrat, to 3.6 at the end of the Bush Sr. administration, 4.1 near the end of the Clinton administration, and 4.5 near the end of the Bush Jr. administration. Under the Obama administration, it has soared to 6.6.
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Originally posted by: clcjim
Seems that the cat’s got forkie’s tongue, so I’ll summarize:


The forkie truth
When Reagan started out, the median net worth of the wealthy was 3.4 times that of the middle class. Now it’s 6.6.


The truth
When Reagan started out, the median net worth of the wealthy was 3.4 times that of the middle class. That ratio rose gradually under subsequent administrations, both republican and democrat, to 3.6 at the end of the Bush Sr. administration, 4.1 near the end of the Clinton administration, and 4.5 near the end of the Bush Jr. administration. Under the Obama administration, it has soared to 6.6.


Golly, I thought the multiple Bush Tax cuts were going to trickle down on us. Are you saying they didn't work? What happened?
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Originally posted by: malibber2
. . . I thought the multiple Bush Tax cuts were going to trickle down on us. Are you saying they didn't work?

I guess I’m saying that each of the four presidents since Reagan have done what they thought best for the economy. If the metric used to judge their success is the wealth inequality ratio, all of them have been unsuccessful.

But only one has been spectacularly so.



You realize even though Bush is gone we are still saddled by his taxation polices? Now I will say this free trade agreement Obama is working on is likely to make the problem worse.

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Originally posted by: clcjim
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Originally posted by: malibber2
. . . I thought the multiple Bush Tax cuts were going to trickle down on us. Are you saying they didn't work?

I guess I’m saying that each of the four presidents since Reagan have done what they thought best for the economy. If the metric used to judge their success is the wealth inequality ratio, all of them have been unsuccessful.

But only one has been spectacularly so.


What is the Maliber tax plan?
Unless you can show that somehow the tax rates under Bush were locked in throughout the Obama administration, those tax rates became the Obama taxation policies during the first year he was in office....but it's still Bush's fault. Bush forced Obama to accept and approve those tax rates.

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Originally posted by: malibber2
You realize even though Bush is gone we are still saddled by his taxation polices? Now I will say this free trade agreement Obama is working on is likely to make the problem worse.

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Originally posted by: clcjim
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Originally posted by: malibber2
. . . I thought the multiple Bush Tax cuts were going to trickle down on us. Are you saying they didn't work?

I guess I’m saying that each of the four presidents since Reagan have done what they thought best for the economy. If the metric used to judge their success is the wealth inequality ratio, all of them have been unsuccessful.

But only one has been spectacularly so.



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Originally posted by: BobOrme
Unless you can show that somehow the tax rates under Bush were locked in throughout the Obama administration, those tax rates became the Obama taxation policies during the first year he was in office....but it's still Bush's fault. Bush forced Obama to accept and approve those tax rates.

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Originally posted by: malibber2
You realize even though Bush is gone we are still saddled by his taxation polices? Now I will say this free trade agreement Obama is working on is likely to make the problem worse.

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Originally posted by: clcjim
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Originally posted by: malibber2
. . . I thought the multiple Bush Tax cuts were going to trickle down on us. Are you saying they didn't work?

I guess I’m saying that each of the four presidents since Reagan have done what they thought best for the economy. If the metric used to judge their success is the wealth inequality ratio, all of them have been unsuccessful.

But only one has been spectacularly so.




Of course it's Bush's fault, even after six years. Problems of all future generations will be Bush's fault, until the next Rep pres. anyway.
Hey look. Now some Texans WANT Obama to invade with FEMA - after so many of them opposed Hurricane Sandy aid. These are just bad human beings.

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Originally posted by: malibber2
You realize even though Bush is gone we are still saddled by his taxation polices? Now I will say this free trade agreement Obama is working on is likely to make the problem worse.

Quote

Originally posted by: clcjim
Quote

Originally posted by: malibber2
. . . I thought the multiple Bush Tax cuts were going to trickle down on us. Are you saying they didn't work?

I guess I’m saying that each of the four presidents since Reagan have done what they thought best for the economy. If the metric used to judge their success is the wealth inequality ratio, all of them have been unsuccessful.

But only one has been spectacularly so.



Do you care to tell us what Bush taxation policies are still in place? The old Clinton rate of 39.6% is back in effect. Long term capital gains can now go to 20% and there is a 3.8% net investment income tax added on to wealthier taxpayers.
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