Politics

Politics

  • Obama

    Votes: 4 1.1%
  • Romney

    Votes: 172 48.9%
  • Other

    Votes: 46 13.1%
  • a:3:{i:1637;a:5:{s:12:"polloptionid";i:1637;s:6:"nodeid";s:7:"2882145";s:5:"title";s:5:"Obama";s:5:"

    Votes: 130 36.9%

  • Total voters
    352

autry_denson

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You think it's a good thing that people are too poor to buy cars?

can't figure out what's more comical: that some right wing website found a way to spin this incredibly positive development into a negative; or that you guys found that website and then repeat the spin w virtually no thought.

must be kind of unpleasant rooting for the country to fail.
 

RDU Irish

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return-to-ravnica-selesnya-artwork-rhox.jpg


Meet Republicanus, the warrior elephant come to smash puny donkey skulls.[/QUOTE]

Republic + Anus .... sounds like a better rebranded name for Democrats to me. They are the anus of the republic anyways.
 

ACamp1900

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return-to-ravnica-selesnya-artwork-rhox.jpg



Republic + Anus .... sounds like a better rebranded name for Democrats to me. They are the anus of the republic anyways.

So, what you are saying is, our country likes taking it in the rear.... ?
 

Whiskeyjack

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Religious liberty should be a liberal value, too:

The controversy around the concept of religious liberty — whether in the form of birth control mandates resulting from the Affordable Care Act, or nondiscrimination lawsuits related to same-sex marriage — can seem like a straightforward conflict between retrograde religion and the progressive state.

But in truth the battle over religious liberty is a conflict within liberalism itself. In one corner are the liberal values of pluralism and tolerance. In the other are the liberal projects of egalitarianism and administrative efficiency. The quick and decisive defeat of Arizona's attempt to clarify its state version of the 1993 Religious Freedom Restoration Act (RFRA) is evidence that our increasingly monocultural elite class is inclined to resolve these conflicts in favor of its egalitarian goals. But, it should tread carefully.

The pluralism of the United States has allowed diverse religious charities, health-care institutions, schools, and universities to flourish. These institutions define their own priorities and their own missions. Yeshivas do not teach the New Testament. Catholic universities make their chapels available for weddings of students whose marriages will be conducted according to the faith, and only those marriages. Those priorities may seem obvious and unimportant to you, the very definition of parochial.

But when the administrative state barges in, this pluralism can take on far greater implications. The contraception mandate, for example, is premised on several ideas that are dear to the current egalitarian projects of liberalism. In particular, that artificial birth control is an essential component of ensuring a woman's autonomy. Therefore it ought to be a basic feature of every health-care plan, and furthermore it ought to be "free" for the end user, to eliminate any disincentives for using it.

The Catholic Church opposes any form of artificial contraception or manufactured sterility. For Catholics in health care, that means fertility and virility are not conditions that should be managed at will, but signs of health. To assist someone in artificially suppressing them is to assist them in a form of self-harm, even if they want it.

Even if we instituted a single-payer health-care system, the conflict would simply move to a higher and more dramatic level: Why does a government that defines health care one way act in partnership (through subsidies and reimbursements) with hospitals that define it in another way?

Faced with the dilemma, partisans of the egalitarian project define pluralism down. The free exercise of religion is reduced to "freedom of worship." You're allowed to believe whatever you want, but when you act in any way that touches public life, you must act according to the ideology of the state. This is a convenient way of defining freedom of conscience and free exercise of religion down to the very last things the liberal state would care to interfere in: what happens once a week at churches and what thoughts you may be thinking. In other words, diversity is okay so long as it remains behind closed doors and in your head. Why even bother with a First Amendment if religion is such a trivial phenomenon?

The bipartisan consensus that passed the Religious Freedom Restoration Act sought to avoid these conflicts by legally affirming America's historic tolerance of religious dissent and diversity. It demanded that if the government were to burden the conscience of religious believers, it must show evidence of a compelling interest and a lack of alternatives for achieving its goal.

But when the issue changed from the religious use of peyote to same-sex marriage, the debate ran much hotter because the principles of pluralism and egalitarianism were put into a conflict that could prove mortal to one or the other.

From the perspective of egalitarians, to let wedding vendors refuse business from gay and lesbian clients puts into question the whole principle of nondiscrimination, one that was used righteously in defeating an entire system of racial apartheid in the American South. This was a system that excluded blacks from entire arenas of commercial and social life, through law and terrorism. What good is the liberal state if it can't punish bigotry anymore? To the secular, religious scruples seem arbitrary. Limiting the reach of the law based on them seems to invite a kind of anarchy. The unscrupulous could make up new religious beliefs, thereby creating new exemptions and liberties, to hurt others.

For the pluralists, the refusal of a small minority of vendors to participate in particular wedding ceremonies — whether same-sex marriages or second marriages — is no different from other uncontroversial forms of discrimination. Perhaps the local print shop is happy to print a client's business card, but not his religious tracts. Or a barber wants to refuse service to a client over his politics. Unlike in the segregation-era South, the offended clients have other, more eager options in the market, and have no need to use the law to obtain what they sought in that market.

There may yet be legislative compromises that satisfy the demands of both sets of values. Perhaps RFRA-style laws can be worded to assure egalitarians that religious objections are limited to certain events and actions, and not directed at entire classes of fellow citizens. And health-care mandates can be recrafted to use public institutions, rather than religious ones, as the guarantor of egalitarian goals.

But let me enter a suggestion as a conclusion. Liberalism should have the confidence to tolerate institutions, even large ones, that have competing and contrary missions to those of the state. The very liberality of the managerial state is guaranteed by real diversity, not just of skin color and sexual preference, but of religion and values, too.

Real pluralism preserves the possibility of critique emerging within a liberal state. The interplay of individuals and diverse institutions encourages liberality and understanding at the ground level of citizenship — the gratitude for people very different from you who are still very solicitous of your needs. Whereas the strict ideological hen-pecking of the state creates a kind of existential dread, and intensifies the panic of the culture war — the fear that a loss on principle in one case is the loss of all power and recourse in the future. Legislators and jurists would do best to retain these two essential liberal values, by finding solutions that deftly avoid setting them against each other.
 

Whiskeyjack

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From last October figured Buster might appreciate this.

Bringing back jobs to the U.S. via the robot - CBS News

Basically by the end of the decade 3 to 5 million new jobs in the US will take the place of tens of million jobs from China.

And when that starts to happen (along with a bunch of other factors that may drag China down), the oft-touted ability of global capitalism to lift the world out of poverty is going to take a serious hit.
 

pkt77242

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I've never even heard of Safeway nor Albertsons. Grocery is largely a regional business. Ever heard of Publix, Meijer, Martin's, Kroger, Piggly Wiggly, Stop and Shop, etc. etc.? You only need a handful of firms for a competitive market and neither the grocery industry nor cable television are anywhere close to monopoly.

Sent from my Samsung Galaxy S III using Tapatalk 4

The thing is that Grocery stores go by different names in different regions.
Safeway, goes by Von's in California and a couple of other names in different parts of the country, Albertson's is the same, using various names such as Jewel Osco, Acme Markets, etc. Safeway operates around 1400 locations and Albertsons around 1000. Also Kroger is the largest grocery chain (2400+ locations and also goes by Ralphs, Fry's, Harris Teeter, etc. The problem is that many people only know their grocery store by it's local name not the company who owns it. Grocery stores and cable television aren't monopolies but they are fast becoming oligopolies (sp?).
 
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Ndaccountant

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And when that starts to happen (along with a bunch of other factors that may drag China down), the oft-touted ability of global capitalism to lift the world out of poverty is going to take a serious hit.

Really?

As the world bank documented, since 1981:

- The number of people living below the $1.25-a-day poverty line declined from 1.94 billion (52% of the population of the developing world) in 1981 to 1.29 billion (22%) in 2008

- China’s efforts to alleviate poverty accounted for a significant amount of global reduction, with its rate going from 84% in 1981 to 13.1% in 2008.

There is no doubt that poverty is still a massive issue, particularly in Africa and India. I also understand that merely being above the poverty line is not sufficient in of itself, it still is a start.

As far as China is concerned, based on recent reports, they need to have a little over 7% GDP growth to keep unemployment at roughly 4%. Whether or not you believe their numbers today is up to you. Inside our company, we estimate them to be somewhere between 6% and 7% for 2014 with that rising to about 8% by 2016. The key for China is to grow their service sector, which now stands about 10% of GDP too low compared to other countries with similar standards of living. As they restructure their economy (which service sector has increased from 41% to 45% of GDP recently), the amount of jobs produced per point of GDP growth rises, meaning they need less GDP growth in the future to maintain employment levels.

There is no doubt in my mind that China will experience some pain as they restructure their economy towards fulfilling domestic demand versus export demand. However, I don't think you will see a massive increase in poverty for an extended period of time.

World Bank: New Data Show Historic Declines in Global Poverty | Business Ethics
 

connor_in

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Examiner Editorial: Nothing but hot air from Senate Democrats' talkathon | WashingtonExaminer.com


The talkathon is a product of the Senate's Climate Action Task Force, co-chaired by Sens. Barbara Boxer of California and Sheldon Whitehouse of Rhode Island. Boxer described the purpose of the marathon gabfest as a call to “wake up Congress” for “action” on global warming. That's an odd claim coming from the chairman of the Senate Committee on Environment and Public Works. Boxer has a solid majority on her committee and could report dozens of bills to the Senate floor. So her committee is the first place to look for an explanation of the lack of action in the Senate.

Even stranger is the fact that Boxer and Whitehouse apparently have forgotten that in 2008, when Democrats controlled both houses of Congress, it was their Senate that rejected Boxer's cap-and-trade proposal. Do these worthies think Congress went to sleep on the issue after rejecting her bill? More likely, a number of their Democratic colleagues have since recognized the political reality expressed by Ohio Sen. Sherrod Brown's straightforward explanation for his vote against the Boxer bill. If it ever became law, he said, “we might as well throw a going-away party for the steel industry, the cement industry, the glass industry, aluminum industry, [and] the chemical industry" in his state
 

T Town Tommy

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The Best Of The Dish Today « The Dish

That economy has recovered more effectively than any other country in the world...

Yeah... the millions of unemployed probably disagree with that. Especially the ones that aren't calculated in the unemployment rate because they have given up even looking for a job.

The Dems are running for cover and the mid terms are shaping up to be unkind to them.
 

IrishJayhawk

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Yeah... the millions of unemployed probably disagree with that. Especially the ones that aren't calculated in the unemployment rate because they have given up even looking for a job.

The Dems are running for cover and the mid terms are shaping up to be unkind to them.

I would argue that you're running from the reality of what the world was like in 2008. The sky was falling...the global economy nearly totally collapsed.
 

tussin

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Between Two Ferns with Zach Galifianakis: President Barack Obama from President Barack Obama, Zach Galifianakis, Scott Aukerman, BJPorter, Funny Or Die, Between Two Ferns, rachelgoldenberg, Brian Lane, Aaron Ulrich, and BoTown Sound

<iframe src="http://www.funnyordie.com/embed/18e820ec3f" width="640" height="400" frameborder="0" allowfullscreen webkitallowfullscreen mozallowfullscreen></iframe><div style="text-align:left;font-size:x-small;margin-top:0;width:640px;"><a href="http://www.funnyordie.com/videos/18e820ec3f/between-two-ferns-with-zach-galifianakis-president-barack-obama" title="from President Barack Obama, Zach Galifianakis, Scott Aukerman, BJPorter, Funny Or Die, Between Two Ferns, rachelgoldenberg, Brian Lane, Aaron Ulrich, and BoTown Sound">Between Two Ferns with Zach Galifianakis: President Barack Obama</a> from <a href="http://www.funnyordie.com/president_barack_obama">President Barack Obama</a> <iframe src="http://www.facebook.com/plugins/like.php?app_id=138711277798&href=http%3A%2F%2Fwww.funnyordie.com%2Fvideos%2F18e820ec3f%2Fbetween-two-ferns-with-zach-galifianakis-president-barack-obama&send=false&layout=button_count&width=150&show_faces=false&action=like&height=21" scrolling="no" frameborder="0" style="border:none; overflow:hidden; width:90px; height:21px; vertical-align:middle;" allowTransparency="true"></iframe>
</div>
 

T Town Tommy

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I would argue that you're running from the reality of what the world was like in 2008. The sky was falling...the global economy nearly totally collapsed.

The "sky was falling" analogy is really a little overblown. The banking crisis was due in large part to the government forcing lenders to lend money they had no business lending. And yes, there was certainly the greed factor that played in to the crisis as well. But the economy has been flat, even with the billions and billions that were poured in to help get it going. Job creation has been horrendous. The unemployment rate has dropped but does not factor in those who have simply given up on finding a job. The divide between rich and poor has widened. Obamacare is a mess and we still have no idea just how bad it really is. Foreign policy is a mess. Several scandals that need to be addressed.

And yet, the Dems want to talk about Global Warming? Yeah... it's all smoke and mirrors. Gotta keep that fringe element on their side. And those Independent voters who they have lost in the last five years. All in all, you can put lipstick on a pig... but it's still a pig.
 

Whiskeyjack

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The number of people living below the $1.25-a-day poverty line declined from 1.94 billion (52% of the population of the developing world) in 1981 to 1.29 billion (22%) in 2008.

The vast majority of that improvement came in China alone. And since China has virtually no safety net, we could easily see a significant backslide on global poverty when China's economy hits its first major skid.

There is no doubt in my mind that China will experience some pain as they restructure their economy towards fulfilling domestic demand versus export demand. However, I don't think you will see a massive increase in poverty for an extended period of time.

I hope you're right. My feeling is that the global economy is much more fragile than widely believed, and that a Chinese depression would derail the humanitarian case for global capitalism pretty quickly.
 

Ndaccountant

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The vast majority of that improvement came in China alone. And since China has virtually no safety net, we could easily see a significant backslide on global poverty when China's economy hits its first major skid.



I hope you're right. My feeling is that the global economy is much more fragile than widely believed, and that a Chinese depression would derail the humanitarian case for global capitalism pretty quickly.

That's completely true and the data supports that. However, what is missing in the data set is how China differs in FDI compared to other developing nations. China started allowing FDI in the late 70's compared to early 90's for India. In the 90's, FDI really picked up for China and left India in the dust.

29793686


The good news is, is that when you take into consideration the timing difference of FDI reforms, India was tracking the same path as China thru 2010 (Bottom right graph). This gives me the hope that improvements in India are not that far away.

india%20vs%20china.jpg


It doesn't stop with India either. China has dominated FDI when compared to all of the BRICS.

FDI-BRICS.jpg


It is a fair criticism to say that China's poverty reduction has been the driving force in worldwide poverty reduction. With that said, China has received an incredibly disproportionate share of FDI since it changed policies in the 1970's. As China moves from a nation of producers to a nation of consumers, this FDI should flow to other places like India and Africa.
 

chicago51

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I would argue that you're running from the reality of what the world was like in 2008. The sky was falling...the global economy nearly totally collapsed.

Yeah... the millions of unemployed probably disagree with that. Especially the ones that aren't calculated in the unemployment rate because they have given up even looking for a job.

The Dems are running for cover and the mid terms are shaping up to be unkind to them.

First off the Republican Party has offered zero ideas to fix any of our problems. Obamacare sucks but premiums were skyrocketing during the Bush years why didn't they address the healthcare crisis with something better.

Republican Party as sucked on social issues, has pretended our economic issues don't exist other than millionaires are paying too much taxes, at least the Democrats seem to at least recognize certain problems exist even if we don't agree with how they solve the problem.

I think the midterms are due to geographical issues in terms of Senate races.

Yes I'll agree the recovery has sucked. We only made things with 800,000 federal workers losing their jobs from cuts.

The stimulus was 40% tax cuts some temporary some not. 2/3 of the stimulus spending was giving money to state and local governments who in turn didn't spend additional money but just cut back on the amount of their revenue they would have spent.

Obama then doubled down on Republican policies. Since the Reagan era we have not enforced are antitrust laws, when we should be breaking up the big banks, breaking up some of the big retail chains, breaking up the telecom industry, and breaking up some of the other markets that are dominated by fewer than 6 companies. Thus bringing back main street which used be locally owned shops and stores now is strip malls.

Obama just signed a bill that cut 8 billion from food stamps in the last farm bill while Republican Congressman Steve Fincher gets $3 million in crop subsidies from the federal government.

So yes we cut $8 billion from food stamps because we don't have the money ok fine I sort of get it. Yet we give Edward Snowden's employer Booz Allen Hamilton $5.8 billion so they can spy on us. You want government waste this is what it looks like.

Obama is barking now about inequality but when they had 60 votes they passed a healthcare plan that did help some people but also gave millions of new customers to the insurance companies and did nothing to reduce the abuses from the health care industrial complex and very little to reduce the 20% of administration cost of the health insurance companies. They could have rolled back on some of the policies contributing to inequality. We should have not necessarily raised tax rates but closed the carried interest loophole and stop allowing CEOs and executives to be paid with stock options.

Don't get me wrong there was some good stuff blocked in Congress:

The American Jobs Act was blocked in 2011 which had both tax cuts and spending. The Chamber of Commerce and the labor both endorsed the plan which almost never happens.

The Creating American Jobs and Offshoring Act would have end companies writing off moving expenses to move jobs overseas on their taxes and would reversed it giving a tax break on expenses for companies that want to re-shore. We are starting to see reshoring anyway. Sure it is largely due to automation but some jobs still come with it. Passing that legislation may have expedited the process for companies that are on the fence about returning manufacturing to the US.

Still does not excuse the failure of the Obama presidency.
 
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T Town Tommy

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First off the Republican Party has offered zero ideas to fix any of our problems. Obamacare sucks but premiums were skyrocketing during the Bush years why didn't they address the healthcare crisis with something better.

Republican Party as sucked on social issues, has pretended our economic issues don't exist other than millionaires are paying too much taxes, at least the Democrats seem to at least recognize certain problems exist even if we don't agree with how they solve the problem.

I think the midterms are due to geographical issues in terms of Senate races.

Yes I'll agree the recovery has sucked. We only made things with 800,000 federal workers losing their jobs from cuts.

The stimulus was 40% tax cuts some temporary some not. 2/3 of the stimulus spending was giving money to state and local governments who in turn didn't spend additional money but just cut back on the amount of their revenue they would have spent.

Obama then doubled down on Republican policies. Since the Reagan era we have not enforced are antitrust laws, when we should be breaking up the big banks, breaking up some of the big retail chains, breaking up the telecom industry, and breaking up some of the other markets that are dominated by fewer than 6 companies. Thus bringing back main street which used be locally owned shops and stores now is strip malls.

Obama just signed a bill that cut 8 billion from food stamps in the last farm bill while Republican Congressman Steve Fincher gets $3 million in crop subsidies from the federal government.

So yes we cut $8 billion from food stamps because we don't have the money ok fine I sort of get it. Yet we give Edward Snowden's employer Booz Allen Hamilton $5.8 billion so they can spy on us. You want government waste this is what it looks like.

Obama is barking now about inequality but when they had 60 votes they passed a healthcare plan that did help some people but also gave millions of new customers to the insurance companies and did nothing to reduce the abuses from the health care industrial complex and very little to reduce the 20% of administration cost of the health insurance companies. They could have rolled back on some of the policies contributing to inequality. We should have not necessarily raised tax rates but closed the carried interest loophole and stop allowing CEOs and executives to be paid with stock options.

Don't get me wrong there was some good stuff blocked in Congress:

The American Jobs Act was blocked in 2011 which had both tax cuts and spending. The Chamber of Commerce and the labor both endorsed the plan which almost never happens.

The Creating American Jobs and Offshoring Act would have end companies writing off moving expenses to move jobs overseas on their taxes and would reversed it giving a tax break on expenses for companies that want to re-shore. We are starting to see reshoring anyway. Sure it is largely due to automation but some jobs still come with it. Passing that legislation may have expedited the process for companies that are on the fence about returning manufacturing to the US.

Still does not excuse the failure of the Obama presidency.

The core of the Republican party when it comes to job creation is to get the government out of it. Government does not create jobs. The government can, however, creat a climate that can promote job growth. Texas is a great example. Gov Perry realizes that if you make the climate favorable for companies then they will create jobs. That state and their economic policies could be used as a blueprint for others.

Obamacare is so messed up even the President is trying to get out of it at this point. Most believe - including the author of it - that insurance companies will cease to exist once the full bill is placed in to action. So, now we have a government that has failed to create a climate for job growth that is now going to tell us what is best for us medically. That is a failure beyond reproach.

The $8 billion cut from food stamps doesn't even begin to address the fraud and misuse in that program. That's a drop in the bucket. Fix the fraud and abuse, and the food stamp program will fix itself.

The mid term elections are geographical? Sorry... that sounds like something th talking heads on MSNBC would say. The Dems know their backs are against the wall. That's why they have tried to distance themselves from Obama. His failed policies are something they can't explain. Why do you think they spend all night talking about global warming? Smoke and mirrors. The Dems didn't do anything when they had the House and the Senate and the White House. That's on them. But to bring it up now? It's called deflection from the real issues.
 

connor_in

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First off the Republican Party has offered zero ideas to fix any of our problems. Obamacare sucks but premiums were skyrocketing during the Bush years why didn't they address the healthcare crisis with something better.

Republican Party as sucked on social issues, has pretended our economic issues don't exist other than millionaires are paying too much taxes, at least the Democrats seem to at least recognize certain problems exist even if we don't agree with how they solve the problem.

I think the midterms are due to geographical issues in terms of Senate races.

Yes I'll agree the recovery has sucked. We only made things with 800,000 federal workers losing their jobs from cuts.

The stimulus was 40% tax cuts some temporary some not. 2/3 of the stimulus spending was giving money to state and local governments who in turn didn't spend additional money but just cut back on the amount of their revenue they would have spent.

Obama then doubled down on Republican policies. Since the Reagan era we have not enforced are antitrust laws, when we should be breaking up the big banks, breaking up some of the big retail chains, breaking up the telecom industry, and breaking up some of the other markets that are dominated by fewer than 6 companies. Thus bringing back main street which used be locally owned shops and stores now is strip malls.

Obama just signed a bill that cut 8 billion from food stamps in the last farm bill while Republican Congressman Steve Fincher gets $3 million in crop subsidies from the federal government.

So yes we cut $8 billion from food stamps because we don't have the money ok fine I sort of get it. Yet we give Edward Snowden's employer Booz Allen Hamilton $5.8 billion so they can spy on us. You want government waste this is what it looks like.

Obama is barking now about inequality but when they had 60 votes they passed a healthcare plan that did help some people but also gave millions of new customers to the insurance companies and did nothing to reduce the abuses from the health care industrial complex and very little to reduce the 20% of administration cost of the health insurance companies. They could have rolled back on some of the policies contributing to inequality. We should have not necessarily raised tax rates but closed the carried interest loophole and stop allowing CEOs and executives to be paid with stock options.

Don't get me wrong there was some good stuff blocked in Congress:

The American Jobs Act was blocked in 2011 which had both tax cuts and spending. The Chamber of Commerce and the labor both endorsed the plan which almost never happens.

The Creating American Jobs and Offshoring Act would have end companies writing off moving expenses to move jobs overseas on their taxes and would reversed it giving a tax break on expenses for companies that want to re-shore. We are starting to see reshoring anyway. Sure it is largely due to automation but some jobs still come with it. Passing that legislation may have expedited the process for companies that are on the fence about returning manufacturing to the US.

Still does not excuse the failure of the Obama presidency.

I think you forgot to mention how republicans are trying to poison the land/sea/air...hate everyone outside of old white men...try to keep everyone from voting...kick small, medium, and large size animals...try to steal everyones money...not only try to keep out anyone wanting to come to the US but also get rid of anyone here outside of old white men...shame small gold fish...try to put carcinogens into everyones food...blot out the sun and charge for time to unblot it...and pretty much any other world takeover plot from a Bond or Bond knockoff/parody movie.

I didn't say a thing about Dems/liberals at all
 

RDU Irish

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Funny thing. Every thing Chicago51 mentions as a cut I see as a positive.

- Cut 800,000 federal workers
- Cut taxes
- Cut spending on food stamps
- Cut funding to Booze Allen for spying
- Cut crop subsidies

Yes to all the above. Feds spend WAY too much on everything and the rationalization of so much spending blows my mind.

As for Main Street? He gone and ain't coming back.

Banks? No need to break them up, just raise FDIC insurance rates on bigger banks to account for the systemic risk they pose. Boom, small banks are suddenly more competitive and we reverse the trend of halving the total number of bank companies every 10 years.

It's not a matter of forcing what you want, rather providing the right incentives for free people to make better choices.
 

chicago51

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Funny thing. Every thing Chicago51 mentions as a cut I see as a positive.

- Cut 800,000 federal workers
- Cut taxes
- Cut spending on food stamps
- Cut funding to Booze Allen for spying
- Cut crop subsidies


Yes to all the above. Feds spend WAY too much on everything and the rationalization of so much spending blows my mind.

As for Main Street? He gone and ain't coming back.

Banks? No need to break them up, just raise FDIC insurance rates on bigger banks to account for the systemic risk they pose. Boom, small banks are suddenly more competitive and we reverse the trend of halving the total number of bank companies every 10 years.

It's not a matter of forcing what you want, rather providing the right incentives for free people to make better choices.

We haven't cut these things. Although we should.
 

RDU Irish

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Banks have become a homogenous mess thanks to over regulation. All of them do exactly the same thing the same way to fit in the regulators check box. The only solution is to scale up as much as possible since product differentiation is squashed by the feds.
 

RDU Irish

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We haven't cut these things. Although we should.

All the above and thousands of other things.

Military doesn't need $700B/year to dominate the world. Are we really saying we couldn't get by on $600B or even $500B?
Crop subsidies are ridiculous, completely gone.
Ethanol subsidies, see ya. 10% mandate? later gater. ditto for all the other green b.s. subsidies
Department of Education? Goner. Take the unfunded mandates with it.
Federal pensions? Frozen and replaced with a healthy 403b contribution.
"means test" Politicians, pay them less the richer they are and definitely don't tack on ridiculous pensions and healthcare.
Social security? Add 1 month to all retirement ages for every year of age under 55 to age 19 (3 years at age 19) That would put a 19 year old early retirement at 65, normal at 70 and full at 73.

Hey, look I just fixed our budget in five minutes.
 

chicago51

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Couple things. Rick Perry's Texas recovery is due to Texas energy boom and adding a lot of low wage jobs. Texas is ranks at or near the top at percentage of low wage workers. I guess low wage work is better than no work but it doesn't solve the bigger issue. Unemployment will slowly return to normal but wages have remained largely stagnant since Reagan.

I don't disagree with a lot of RDU's most recent post. Although wouldn't raising the retirement age for SS increase unemployment because people stay in the work force longer? Wouldn't a larger labor market mean lower wages?
 

RDU Irish

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If we can't absorb a three year increase in SS ages over 40 years then we are doomed as a society.

I would prefer to double those increases to reduce the cost and cut the tax if there are enough savings. With 12.4% of wages going to a retirement plan people should be doing better than a $1200 or $1300/month payment in retirement.

A full time minimum wage earner has about $1800/year going to SS (6.2% employer + 6.2% employee). If you work from age 20 to 62, never making more than minimum, you contribute $75,600. Compound that at 5% and you would amass $257,000, enough to pay $1380/month for thirty years at the same 5% (more than the $1250/month you earned working at the minimum wage and in line with the average monthly amount collected from SS currently).

Way oversimplified example but you can see even a $14500/year earner is more than pulling their weight and the program is still broken.
 
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