Home |
Search |
Today's Posts |
#3
![]()
posted to rec.boats
|
|||
|
|||
![]()
On Sat, 23 Jul 2011 00:12:33 -0600, Canuck57
wrote: On 22/07/2011 6:08 PM, TopBassDog wrote: ... that FDR's New Deal solved the Great Depression? Actually, it didn't. It's uncertainty, big spending, and regulation that prolonged the Depression. FDR's Treasury Secretary, Henry Morgenthau, admitted: "We have tried spending money. We are spending more than we have ever spent before and it does not work." Did you know that Herbert Hoover made the Depression worse because as president...he did nothing? The Washington Post believes that. In 2008, the paper claimed GW Bush was "today's Herbert Hoover" because of his "dogged resistance to assisting anybody." Actually, Hoover increased spending by 53.5% during his presidency. He signed bad big- government bills like the Davis-Bacon Act and the Smoot-Hawley Tariff. He started huge public works projects like the Hoover Dam. Hoover was a big spender -- like Obama. It isn't just the debt it is the whole fraud way it is being handled since 2007 with the democrat congress and Bernanke fraud. Low interest rates has a lot to do with this. the right wing thinks obama was president in 2007. they ignore bush's trillion dollar war and bush's multitrillion dollar tax cuts but bush is white.... So with low rates, business can earn less and pay less taxes. let's see...US businesses are sitting on record profits taxes are at their lowest in 60 years how many jobs are being create? oh. none. and the right thinks we need to cut taxes on business so they can have MORE money so they dont create jobs Materially not much has changed with he rate of taxation since 2006. Bit today in real dollars the revenue from income is 2/3rd of what it was in 2006. Yep, a 1/3rd decrease in earnings and tax generating taxable wealth. Heck, government doesn't even get to tax interest and dividends as much. proof? oh. none Add in Obama on a spending binge, well, fast road to Bankrupt USA. obama's spending oh. he doesnt tell us. he just says obama's doing it but BUSH got us in atrillion dollar war BUSH gave away TRILLIONS In tax cuts to the rich but bush is WHITE.... |