Thread: The strongest economy in the world

Originally Posted by Milkman

(But you do like the PNAC agenda in Iraq and support a strong military and big government, and GWB. It does smell of Necon.)

Being pro-choice, higher taxes and belieivng in the rights of homosexuals smacks of being a liberal as well.

Honeymoons are nice, aren't they? :roll:

Originally Posted by Milkman

This all about labels. And labels are misleading.!

Labels, symbols, jingles ... whatever works

Support your 66 % estimate with a reference. Is that registered Republicans ?

Kerux: Good to see you pay attention to Keeshou's posts ... it's helping your vocabulary. He's shoved that "red herring" up your arse enough times on the otter channel.

Originally Posted by kerux

In fact, I played with kee just like I played you until you ran away with your tail between your legs when your All Hat and No Cattle Man GWB kept making an ass of himself and you for supporting him.

Dude ... I've never stopped supporting my main man GWB ... NEVER. You know damn well the only reason I stopped was because I was banned from the forum dildo breath

Dude ... I've never stopped supporting my main man GWB ... NEVER.

So, you're one of those guys who, on Wednesday, sticks with what he thought on Monday, no matter what happened on Tuesday?

Originally Posted by kerux

So, you're one of those guys who, on Wednesday, sticks with what he thought on Monday, no matter what happened on Tuesday?

No I'm one of those guys who is usually one or two steps ahead of GWB and finds it thrilling when the boy does the right thing.

"The thrill is gone
It's gone away for good
Oh, the thrill is gone baby
Baby its gone away for good
Someday I know I'll be over it all baby
Just like I know a man should."

GWB ... always misunderestimated ... but still large and in charge.

As a matter of FACT:

Since 2003, this economy has expanded by the same order of the ENTIRE Chinese Economy.

So, in three years, we've grown by the size of the Chinese Economy, something along the lines of 2 or 3 trillion dollars.

Unemployment lower than when Clinton was in power.

The Debt less as a percentage of GDP than when Clinton was in power...
Soooo... perhaps it's time that people take notice.

Don't believe me. Here ya go:

Bush Tax Cuts Lead to Massive Increase in Tax Revenue


How much more empirical evidence is needed before liberals stop their religious devotion to the idea that tax cuts cause deficits and look at the statistical facts? Just as JFK and Ronald Reagan proved, cuts in marginal tax rates lead to such an accelerated pace of economic growth that the net effect is a booming increase in tax revenue. The Wall Street Journal points out what the MSM does not want you to know:

Congress keeps breaking the Beltway Book of World Records for spending money, but the government will soon report that the federal budget deficit for the just-completed 2006 fiscal year fell to about $260 billion...


The main cause of the deficit decline -- 90% of it, says White House budget director Rob Portman -- is a tidal wave of tax revenue. Tax collections have increased by $521 billion in the last two fiscal years, the largest two-year revenue increase -- even after adjusting for inflation -- in American history...
One place it has come from are corporations, whose tax collections have climbed by 76% over the past two years thanks to greater profitability. Personal income tax payments are up by 30.3% since 2004 too, despite the fact that the highest tax rate is down to 35% from 39.6%. The IRS tax-return data just released last month indicates that a near-record 37% of those income tax payments are received from the top 1% of earners -- "the rich," who are derided regularly in Washington for not paying their "fair share."

More good news is that dividend-tax payments appear to be up as well, even though the tax rate was lowered to 15% from as high as 39.6%. A National Bureau of Economic Research study found that "after a continuous decline in dividend payments over more than two decades, total regular dividends have grown by nearly 20%" and that this reversal happened at "precisely the point at which the lower tax rate was proposed and subsequently applied retroactively." There hasn't been a purer validation of the Laffer Curve since Ronald Reagan rode off into the sunset.

As for the budget deficit, at $260 billion it is now about 2% of our $13 trillion economy, well below the 2.7% average of the last 40 years. Most states and localities are also afloat in tax collections, and including their revenue surpluses brings the total U.S. public sector borrowing down to roughly 1.5% of GDP. Not too shabby given that we're waging a war on terrorism and Congress spent $50 billion last year on Hurricane Katrina clean-up.

U.S. middle class far worse than any time - Sep. 28, 2006

September 28 2006: 4:41 PM EDT

WASHINGTON (Reuters) -- The typical double-income family is worse off financially than ever, a study released Thursday said

Originally Posted by Storekeeper

As a matter of FACT:

Since 2003, this economy has expanded by the same order of the ENTIRE Chinese Economy.

So, in three years, we've grown by the size of the Chinese Economy, something along the lines of 2 or 3 trillion dollars.

Unemployment lower than when Clinton was in power.

The Debt less as a percentage of GDP than when Clinton was in power...
Soooo... perhaps it's time that people take notice.

The recent economic trends in the U.S. over the last 35 to 50 years are not related to politicans or political parties.

It's an economic trend largely related to the flattening of the Earth (globalization) and the tranformation of the economy.

The Worrying Housing Bust



Samuelson: The Worrying Housing Bust - Newsweek Robert Samuelson - MSNBC.com

^ Instead of posting only a link, can you add some comments and cut and paste a small part of the article that you find relevant to the discussion?

Originally Posted by Milkman

^ Instead of posting only a link, can you add some comments ...?

Hey, come on Milkman - be reasonable!

If your not itnerested, don't click on the link.

And I did give you info:

The worrisome housing bust by the economist Robert Samuelson as reported in Newseek

Hey Milkdud ... my ex-ole lady bought a house in Redmond/Kirkland back in 1994 ... 12 years later it's resale value is well over DOUBLE what she paid for it.

My little crib in Bremerton is very close to having doubled in value.

The housing market would have to near totally crash for us to at least come out even.

Damn glad I was born in America and not England!

Bush's Tax Cuts Created 6.6 Million Jobs

By Matt Margolis

The Wall Street Journal explains recent economic developments, including recent upward revisions of jobs numbers that put the number of jobs created by the Bush tax cuts at 6.6 million.



Yet, for some reason, Nancy Pelosi promises that if she becomes Speaker of the House, those very tax cuts will be repealed.

"This boom in employment started in August of 2003, roughly coincident with the economy's growth acceleration in the wake of the Bush Administration's 2003 tax cuts on dividends, capital gains and in the top marginal income rate on the highest earners. Yet on the same day that the Labor Department discovered 810,000 new jobs, Nancy Pelosi promised that if she becomes Madam Speaker next year, within 100 hours of taking the gavel the House will vote to repeal those tax cuts and raise the minimum wage. Never underestimate the ways that Washington politicians can do economic harm."

The real shocker for many is when their ARMs begin to go up and up and up and up. Much of the housing boom was driven by giving people credit who normally are too risky to loan lunch money to.

Originally Posted by Butterfly

We are talking mortgage payments going from $1000 to $6000 when the new rate becomes effective.

Milkdud and I have talked about this before. It's called an ARM ... Adjustable Rate Mortgage ... and it's primarily going to have the impact you describe on college graduates ... the supposed types who grace this forum for example. And it's alerady happening ... pretty sad when some dumb ass Sailors are smart enough to lock in on a 30 year fixed rate loan and preppies get suckered for this ARM crap. The contract they signed was very specific ... they knew what could happen ... it should come as no surprise if it happens. I don't feel sorry for them AT ALL. The people who got these loans that will potentially balloon to the $6000 you mentioned aren't people who make less than $75,000 a year.

^^ agree surasak, check those stories.

$3 trillion in ARMs set to adjust in the next 12 months
Dream Homes and Mortgage-Debt Nightmares by Eric Englund

Los Angeles Times
Housing Prices to Drop, Report Says
Projecting a median price decline of 3.6% in 2007, a firm offers one of the starkest forecasts yet of the weakening sector.