Originally Posted by Guest

You have to be kidding. How do you make the tax code any more friendly for businesses?
16 Giant Corporations That Have Basically Stopped Paying Taxes -- While Also Cutting Jobs! | Alternet

Not only did GM not pay taxes on 81 billion of income, but they got a refund of 3 billion. How much more friendly do you want to get?

Republicans here keep pointing to people on food stamps. When you underpay your workers with a minimum wage that is not a living wage, people do receive food stamps, but the business is also benefitting. Wal-Mart was one of the businesses that got this backdoor benefit. They have said that they will be increasing their pay levels to above minimum level, but they had to be shamed into doing it. Trump wants to lower the minimum wage, or do away with it. This won't have an effect food stamps.

The Democrats are pushing the break up of big banks. This undoes the 2008 Republican fix, which made banks to big to fail bigger. The Republicans are going right along with this. Sure, they are.

You keep about talking about a slow recovery. Never once do you mention the depth of the 2008 Recession. You try to treat all recessions as the same to fit your agenda the recovery was slowest in 60+ years. There is no mention at all of the economic conditions. Did globalization exist at the level it is now for the years 50's thru early 90's? No, everything is the same nothing has changed, since 1950.

The Republican plan for the economy is going back to the Reagan era, supply side. How many does that have to fail before it sinks in to Republicans that supply side doesn't work? Apparently not enough yet.


How is GM doing now? Where would the country be, if it went out of business? How many small business would have went out of business, if GM went through bankruptcy? Even when the outcome benefits the country, Republican still bitch about the results. Their biggest problem is Obama helped the country, and goes against their belief that he will do everything possible to make sure the country goes down.

Hillary, and Sanders were pushing for free tuition as state colleges for people that couldn't afford to go there without getting in large debt.

Dodd and Frank never said everyone that wants a house should be able to buy it even though they couldn't afford to pay for it. The next thing that you are going to throw out there is they were for grouping worthless home mortgages together getting rating agencies to classify them as AAA and peddling them out there to retirement plans.

When interest rates on savings were high 70's into the 80's, what was the rate of inflation? You have a doubled edge sword right now. You increase the prime rate, and interest earned on savings will increase. However, the stock market will go down, so your retirement plan will suffer.

Obama hasn't helped your retirement plan! The stock market was in the 6,000, when the great recession bottomed out. It is now over 18,000. Obama has really hurt retirees.

Please tell us in detail what Trump will do to increase the GDP. He is going to cut taxes, and hope the GDP will increase to offset the cuts. People that have looked into his tax plans have stated that it will add another 10 trillion to the debt over the next ten years.
Take a damn good look at "W's" tax cut, and see what problems that sprung from it. We want to repeat this.

As a conservative, I agree with you on the Bush tax cut. NO ONE should be exempt from paying taxes. I take that back, the disabled should not have to pay, and that includes our disabled Vets. But, Bush's tax cuts has spurred the growth of the lazy liberal ideology in our country, and the influx of millions of left wing voters. Voters that are dependent on the generosity of our left leaning government. The majority does not vote for the betterment of our country, but for the betterment of themselves.
Bush's tax cuts has created a large portion of lefty voters. Voters that pay NO taxes and have no stake in the national debt. On top of that, to have a large group of adults that get money back from IRS that NEVER paid a dime to them, is just crazy. Government funded welfare, paid once a year. A sort of bonus for being lazy and a non-producer.
I respect Bush and voted for him, but that was a bad mistake, the tax breaks. Although, they were supposed to be temporary and Obama continued them.

Originally Posted by Guest

The person who Posted about the impact of the " CRA " Community Reinvestment Act is dead on correct .
I saw it upfront as I was a senior executive at one of our Nation`s larger Banks and actually sat on it`s CRA Committee for many years across the Administrations of Bush I , Clinton , Bush 2 and part of Obie`s .
The " Rules " were ever changing and always very ambiguous . One set of Gvt Auditors would have one interpretation and another Audit Team would have another .
Eventually you were forced to market heavily into Minority Communities using Direct Mail , targeting advertising and finally talks at Churches to beg any minority to come in to apply for a loan in order to get increase the number of loans to minorities .
The real story of what banks had to do to meet the demands of the Gvt Regulators would probably stun you . It was at it`s worse during the reign of WJC .

And these forced subpar loans took down the financial industry. The banks didn't want that sh!t, so they packaged them and sold them to the greater fool. It eventually led to the mortgage and housing meltdown.

Damn minorities, if they weren't here they wouldn't be causing all these problems. They're NOT like us, WHY do we keep trying to get them integrated? It hasn't worked, it doesn't work, it'll NEVER work.

We've WASTED $trillion and $trillion on these "people"...why? When will we learn? When will we wake up?

Lincoln said it, we're TOO different to ever live together.

Originally Posted by Guest

As a conservative, I agree with you on the Bush tax cut. NO ONE should be exempt from paying taxes. I take that back, the disabled should not have to pay, and that includes our disabled Vets. But, Bush's tax cuts has spurred the growth of the lazy liberal ideology in our country, and the influx of millions of left wing voters. Voters that are dependent on the generosity of our left leaning government. The majority does not vote for the betterment of our country, but for the betterment of themselves.
Bush's tax cuts has created a large portion of lefty voters. Voters that pay NO taxes and have no stake in the national debt. On top of that, to have a large group of adults that get money back from IRS that NEVER paid a dime to them, is just crazy. Government funded welfare, paid once a year. A sort of bonus for being lazy and a non-producer.
I respect Bush and voted for him, but that was a bad mistake, the tax breaks. Although, they were supposed to be temporary and Obama continued them.

How disable to get away with not contributing? Who decides? Half the "disabled" aren't really.

You government is completely corrupt. It's time to start over. That is the ONLY solution. Voting for another D or R certainly won't fix anything.

Corporations pay lots of money to have "their" politician elected. Then "their" politician enacts laws or appoints people who are VERY friendly towards the generous corporation.

That's your government in a nut shell. Your job is to work and pay taxes. That's all your government really cares about you.

Welfare for the poor being an example. The government doesn't want welfare so the poor are better off...they want welfare so the corporations can make a buck. Welfare money goes to the people and then is spent on the corporations products. Take SNAP, food stamps, they're pushed by the corporations who make the food that those on welfare eat. JP Morgan bank runs the snap card program, they get a cut of every transaction.

We're being played, slowly robbed, slowly strangled.

The Investment Bankers created so called " Synthetic Investments " thru a process that has come to be known as " Financial Engineering .
IE they " created " new types of Investments which were really based on huge bets on which way the economy and the markets would turn .
These so called Synthetic Investments were sold and resold . Then they went to the next step and " deconstructed " a given Synthetic Investment into it`s theoretical " Parts " and sold off the " Parts " to Institutional Investors such as Pension Funds , Insurance Companies and even Commercial Banks .
Few if any of the many Industry Regulatory Agencies could grasp what these investments really were or even spot them on an Investors Balance Sheet .
The " Biggest Bets " were created using highly risky home mortgages as the collateral or underlying investment . Eventually the music driving this unique game of " Musical Chairs " hesitated and then finally and suddenly stopped altogether and the entire financial system came tumbling down and down and down . Hence the huge bailout by the Gvt as an effort to avoid a deep bottomless World-wide Depression .

Originally Posted by Guest

And these forced subpar loans took down the financial industry. The banks didn't want that sh!t, so they packaged them and sold them to the greater fool. It eventually led to the mortgage and housing meltdown.

Damn minorities, if they weren't here they wouldn't be causing all these problems. They're NOT like us, WHY do we keep trying to get them integrated? It hasn't worked, it doesn't work, it'll NEVER work.

We've WASTED $trillion and $trillion on these "people"...why? When will we learn? When will we wake up?

Lincoln said it, we're TOO different to ever live together.



How disable to get away with not contributing? Who decides? Half the "disabled" aren't really.

You government is completely corrupt. It's time to start over. That is the ONLY solution. Voting for another D or R certainly won't fix anything.

Corporations pay lots of money to have "their" politician elected. Then "their" politician enacts laws or appoints people who are VERY friendly towards the generous corporation.

That's your government in a nut shell. Your job is to work and pay taxes. That's all your government really cares about you.

Welfare for the poor being an example. The government doesn't want welfare so the poor are better off...they want welfare so the corporations can make a buck. Welfare money goes to the people and then is spent on the corporations products. Take SNAP, food stamps, they're pushed by the corporations who make the food that those on welfare eat. JP Morgan bank runs the snap card program, they get a cut of every transaction.

We're being played, slowly robbed, slowly strangled.

Please seek medical assistance before you harm yourself. I'm sure you mean well, but perhaps an anger management therapy at the very least.

Originally Posted by Guest

And these forced subpar loans took down the financial industry. The banks didn't want that sh!t, so they packaged them and sold them to the greater fool. It eventually led to the mortgage and housing meltdown.

Damn minorities, if they weren't here they wouldn't be causing all these problems. They're NOT like us, WHY do we keep trying to get them integrated? It hasn't worked, it doesn't work, it'll NEVER work.

We've WASTED $trillion and $trillion on these "people"...why? When will we learn? When will we wake up?

Lincoln said it, we're TOO different to ever live together.



How disable to get away with not contributing? Who decides? Half the "disabled" aren't really.

You government is completely corrupt. It's time to start over. That is the ONLY solution. Voting for another D or R certainly won't fix anything.

Corporations pay lots of money to have "their" politician elected. Then "their" politician enacts laws or appoints people who are VERY friendly towards the generous corporation.

That's your government in a nut shell. Your job is to work and pay taxes. That's all your government really cares about you.

Welfare for the poor being an example. The government doesn't want welfare so the poor are better off...they want welfare so the corporations can make a buck. Welfare money goes to the people and then is spent on the corporations products. Take SNAP, food stamps, they're pushed by the corporations who make the food that those on welfare eat. JP Morgan bank runs the snap card program, they get a cut of every transaction.

We're being played, slowly robbed, slowly strangled.

The Gvt also ever decade or so wants your sons usually 18 . 19 and 20 year olds to go to some foreign land and risk their lives for some political point .

You are right about the banks being forced to write mortgages to people who would not normally have a prayer of qualifying .
However the Gvt said --- don`t worry about the risk --you can pass it off to us thru two agencies -- Freddie Mac or Fannie Mae .

It was so bad just to give you a couple of examples --- the " new home-owners " would call the Bank and tell anyone that someone needed to come over and unplug their toilet , or mow the lawn .
WE found new home-owners who would open their windows in the winter to cool down the house while the them-ostat was sitting at the max !
So we began a series of mandatory classes for new would be homeowners where they had less than 10% down and guess what ! The Regulators said that we were being Racist .
We did not want to make such loans . We were ordered to by the
Democrat Administration of Billy Clinton . Until eventually there was such a huge pile of these ugly loans nationally that BANG ! The entire thing just blew up and who took the blame ? Not Billy and his merry band of bureaucrats !

What so many seem to forget, is that loans made to high-risk/subprime borrowers (because the banks weren't hanging on to them)..... were then sold to the financial market as relatively safe investments.

The fact that derivatives/CDO's/subprime mortgage-backed securities (MBS), were invented to try and hide dog chit, by wrapping it in sirloin and then being sold as all sirloin...was the crux of the problem.

Had the major ratings agencies done their job, then high-risk loans would have been properly rated and the market would have dried up...thereby reducing the number of those types of loans given to those who couldn't afford them.

The Financial Crisis Inquiry Commission (FCIC)[39] set up by the US Congress and President to investigate the causes of the crisis, and publisher of the Financial Crisis Inquiry Report (FCIR), concluded that the "failures" of the Big Three rating agencies were "essential cogs in the wheel of financial destruction" and "key enablers of the financial meltdown".[40] It went on to say

The mortgage-related securities at the heart of the crisis could not have been marketed and sold without their seal of approval. Investors relied on them, often blindly. In some cases, they were obligated to use them, or regulatory capital standards were hinged on them. This crisis could not have happened without the rating agencies. Their ratings helped the market soar and their downgrades through 2007 and 2008 wreaked havoc across markets and firms."[40]

The biggest failure of Obama's administration in my mind, is that not enough of these scumbags went to jail.




CNM

Originally Posted by Guest

What so many seem to forget, is that loans made to high-risk/subprime borrowers (because the banks weren't hanging on to them)..... were then sold to the financial market as relatively safe investments.

The fact that derivatives/CDO's/subprime mortgage-backed securities (MBS), were invented to try and hide dog chit, by wrapping it in sirloin and then being sold as all sirloin...was the crux of the problem.

Had the major ratings agencies done their job, then high-risk loans would have been properly rated and the market would have dried up...thereby reducing the number of those types of loans given to those who couldn't afford them.



The biggest failure of Obama's administration in my mind, is that not enough of these scumbags went to jail.




CNM

Oops, forgot to include the link.

Credit rating agencies and the subprime crisis - Wikipedia, the free encyclopedia





CNM

This mess was caused by The Republicans pure and simple .

Originally Posted by Guest

What so many seem to forget, is that loans made to high-risk/subprime borrowers (because the banks weren't hanging on to them)..... were then sold to the financial market as relatively safe investments.

The fact that derivatives/CDO's/subprime mortgage-backed securities (MBS), were invented to try and hide dog chit, by wrapping it in sirloin and then being sold as all sirloin...was the crux of the problem.

Had the major ratings agencies done their job, then high-risk loans would have been properly rated and the market would have dried up...thereby reducing the number of those types of loans given to those who couldn't afford them.



The biggest failure of Obama's administration in my mind, is that not enough of these scumbags went to jail.




CNM

See Michael Moore's movie Where to Invade Next if you haven't seen it already.

When you see how Italians work/vacation, French Public School children eat,Tunisian Students learn and Spanish drug addicts are treated is so different then what we do, it's easy to question everything.

At the end of the movie the story is about Icelandic women in power. They go after corrupt bankers and send them to prison. That's why I brought this up.

Icelandic Women, maybe all of Iceland has a low opinion about how Americans treat each other.

for everyone else--have fun---plenty of room for stupid remarks

Originally Posted by Guest

See Michael Moore's movie Where to Invade Next if you haven't seen it already.

When you see how Italians work/vacation, French Public School children eat,Tunisian Students learn and Spanish drug addicts are treated is so different then what we do, it's easy to question everything.

At the end of the movie the story is about Icelandic women in power. They go after corrupt bankers and send them to prison. That's why I brought this up.

Icelandic Women, maybe all of Iceland has a low opinion about how Americans treat each other.

for everyone else--have fun---plenty of room for stupid remarks

I would not watch Fat Slob Moore's movies if they were the only thing on FREE TV. He is a scumbag that is Anit-American and should be deported/exported as overweight cargo to a socialist country. Problem is, they wouldn't accept him.

Originally Posted by Guest

This mess was caused by The Republicans pure and simple .

No it all began during Willie`s first term and only gained momentum during his second .

The worst recovery is OWNED by this administration. Cause means nothing. Solutions and results make history and history will document this administration as the "longest economic recovery." Sorry, but that's what happens when you elect radical incompetents.

Originally Posted by Guest

I would not watch Fat Slob Moore's movies if they were the only thing on FREE TV. He is a scumbag that is Anit-American and should be deported/exported as overweight cargo to a socialist country. Problem is, they wouldn't accept him.

What IS "American" these days? Certainly NOT how things are going now. Is affirmative action "American"? I don't think so. Are quotas "American"? Is gay marriage "American"? Not in my book.

We have become too fragmented to recover. We're nothing but a bunch of squabbling minorities.

Originally Posted by Guest

What IS "American" these days? Certainly NOT how things are going now. Is affirmative action "American"? I don't think so. Are quotas "American"? Is gay marriage "American"? Not in my book.

We have become too fragmented to recover. We're nothing but a bunch of squabbling minorities.

Write a book that we can read.

Originally Posted by Guest

The worst recovery is OWNED by this administration. Cause means nothing. Solutions and results make history and history will document this administration as the "longest economic recovery." Sorry, but that's what happens when you elect radical incompetents.

There was NO recovery. There was the ILLUSION of a recovery fueled by over $10 TRILLION dollars of spending/debt. If your net assets go from -$10 trillion to -$20 trillion...you DIDN'T have a recovery. You borrowed money to pay the bills. That's not a recovery!

Originally Posted by Guest

Write a book that we can read.

I've thought about it, but the truth doesn't sell, it gets you threats with no reward. You'll just have to get the truth when it comes out. And who is SURE of anything. The truth to me is the best explanation that hasn't been debunked yet. I know a LOT that isn't true, and I don't really know how much "truth", I do know.