High Noon in Duel for White House

[Army_of_One]

When the guy starts running for president he has to do that.

[Army_of_One]

The bottom line though is that Obama and the Dems are back to the "class war fare". It's "look at the rich, out of touch, elitist Republican"...he doesn't know what you really want as Americans.

Obama is wealthy, living in a million dollar home. He attended Havard U...but he paints himself as "one of us". Again....class warfare..

[Binky Bainbridge]

"Class warfare, elitist" - are you talking about the Republicans?

[Army_of_One]

Originally Posted by Binky Bainbridge

"Class warfare, elitist" - are you talking about the Republicans?

How do the republicans pit rich vs poor?

[Binky Bainbridge]

I thought that it was the Republicans who were rich and elitist, who looked after their own with tax breaks designed to help the very wealthy and the big business interests that support the Repugs with shedfulls of money!

[Army_of_One]

Originally Posted by Binky Bainbridge

I thought that it was the Republicans who were rich and elitist, who looked after their own with tax breaks designed to help the very wealthy and the big business interests that support the Repugs with shedfulls of money!

The Bush tax cuts benefited all. Business needs tax breaks.....do you know what the tax rate for business's is here in the U.S.? If you tax the crap out of them you get what we have now...they flee to overseas where the taxes are less.

[Army_of_One]

Ireland has one of the lowest tax rates on corporations and consequently their economy is booming....

Ireland economy booming because of low corporate tax | Kevin Colby: News, Culture, Political blog by your favorite antagonist

[Army_of_One]

Well the wealthy does pay their “fair share” in taxes. But somehow with all of Bush’s tax cuts, the rich has paid more than their “fair share”.

The top 1% earned 22% of all reported income. But they also paid a share of taxes not far from double their share of income. The top 1% of taxpayers, those who earn above $388,806, paid 40% of all income taxes in 2006, the highest share in at least 40 years. The top 10% in income, those earning more than $108,904, paid 71%. Americans with an income below the median paid a record low 2.9% of all income taxes, while the top 50% paid 97.1%. Obama wants to cut even more taxes for the lower bottom. Does Obama think that one half of the country should pay for the other half?

The number of Americans who declared adjusted gross income of more than $1 million from 2003 to 2006 nearly doubled to 354,000 from 181,000 in a mere three years after the tax cuts. AMAZING!

Taxes paid by millionaire households more than doubled to $274 billion in 2006 from $136 billion in 2003. George Bush’s tax cuts actually took more from the rich than any other President in history. The budget deficit was reduced from 3.5% in 2003 to 1.9% of GDP in 2006.

[Highwayman]

Army, your problem here is that you’re trying to argue logic and facts with a mindless Obama sheep that can only spout propaganda and sound bites. And like a broken record he will repeat his favorite sound bite over and over and over and over and over and over and over and over and over and over and over and over and over and over…..

The real duel for the White House is going on right now in Denver. There is a rift and division within the Democrat party. The Hill faction is holding up the DNC rule book and demanding it be followed. The Obama faction is doing everything to work around the rules and avoid the required floor vote. There is a genuine fear that put to a vote Obama might lose.

If they follow the rules and Hillary did win, the Obama faction might splinter off. If they deny the vote the Hillary faction might splinter off. We might be watching the demise of the oldest political party in history that has become too overweight and corrupt to hold itself together.

BTW, McCain has just pulled ahead of Obama in the polls during Obama’s convention. That’s not a good sign for Obama.

[Binky Bainbridge]

Originally Posted by Army_of_One

Ireland has one of the lowest tax rates on corporations and consequently their economy is booming....

You're a bit out of date old chap .....

Irish banks may need life-support as property prices crash

Last Updated: 1:02am GMT 13/03/2008

The Dublin government appears to be almost powerless to prevent a severe downturn. Ambrose Evans-Pritchard reports

The Irish banking system faces acute strains and may require a phase of temporary nationalisation as the property slump leads to a wave of defaults, according to a leading Irish economist.



Out of luck: Ireland is riding for a fall as the property slump leads to a wave of defaults

Morgan Kelly, of University College Dublin, said the government is almost powerless to stop the downturn becoming a severe slump. "We're in a classic post-bubble recession, yet we can't do anything that a country would normally do in this situation because we're inside the eurozone," Prof Kelly said. "We can't cut interest rates, we can't devalue, and there is a lot less room for fiscal stimulus than people think. We're stuck.

"We have a domestic recession now colliding with a global recession. It is the state of the banking system that will determine how terrible this will be, and frankly that is looking very shaky."

Irish house prices fell 7pc last year. The pace of decline has accelerated so far this year. The damage is spreading to the broader economy.
Unemployment jumped to an eight-year high of 5.2pc in February, from 5pc in January.

Irish banks may need life-support as property prices crash - Telegraph