Linked by Thom Holwerda on Tue 31st Aug 2010 22:09 UTC
Legal Despite doing what I think are some great things for the American people, the Obama administration has a dark side. Joe Biden and many others on staff come straight from the RIAA camp, and it shows. Today, the Obama administration disregarded every US law relating to theft and copyright by stating that piracy is "flat, unadulterated theft".
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Screwed again
by coreyography on Wed 1st Sep 2010 00:49 UTC
coreyography
Member since:
2009-03-06

Middle-class, economically productive, self-reliant, single, white male consumer of technology -- about to get screwed again.

Funny how this administration is "pro-little-guy" when it costs me money, and pro-corporation when -- you guessed it -- it costs me money. I ought to get a dinner at the White House for as much as I have, and will have, funded them.

Reply Score: 5

RE: Screwed again
by Michael Oliveira on Wed 1st Sep 2010 04:54 in reply to "Screwed again"
Michael Oliveira Member since:
2005-07-07

Middle-class, economically productive, self-reliant, single, white male consumer of technology -- about to get screwed again


You're talking about me? ;) I must confess! I only use both pirated and open source softwares, hear downloaded mp3s, read magazines achieved dubiously, use internet without paying and watch DvDrip movies ;)

Edited 2010-09-01 04:55 UTC

Reply Parent Score: 1

RE: Screwed again
by FuriousGeorge on Wed 1st Sep 2010 08:16 in reply to "Screwed again"
FuriousGeorge Member since:
2010-08-26

Funny how this administration is "pro-little-guy" when it costs me money, and pro-corporation when -- you guessed it -- it costs me money.


Taxes are lower, not higher. As reported in right-leaning Forbes (as in Steve Forbes) Magazine:

More than two-thirds thought that taxes are higher today, and only 4% thought they were lower; the rest said they are the same.

As noted earlier, federal taxes are very considerably lower by every measure since Obama became president. And given the economic circumstances, it's hard to imagine that a tax increase would have been enacted last year. In fact, 40% of Obama's stimulus package involved tax cuts. These include the Making Work Pay Credit, which reduces federal taxes for all taxpayers with incomes below $75,000 by between $400 and $800.

According to the JCT, last year's $787 billion stimulus bill, enacted with no Republican support, reduced federal taxes by almost $100 billion in 2009 and another $222 billion this year. The Tax Policy Center, a private research group, estimates that close to 90% of all taxpayers got a tax cut last year and almost 100% of those in the $50,000 income range. For those making between $40,000 and $50,000, the average tax cut was $472; for those making between $50,000 and $75,000, the tax cut averaged $522. No taxpayer anywhere in the country had his or her taxes increased as a consequence of Obama's policies.


It's a common mistake.

Tom: doing what I think are some great things for the American people

Yep, bankers, Hollywood and rich people love him.


Actually, Wall St. stopped donating after the passage of financial reform.

http://www.dailyfinance.com/story/taxes/wall-street-donations-shift...

Follow the money to see what bankers think about this administration's policies.

As far as "rich people" benefiting disproportionally from the current administration's policies: that;s just silly talk.

The unemployed middle class is having second thoughts.


This amounts to "you're not fixing an epic disaster which occurred under the last guy's watch fast enough!" This truly is the deepest recession since the Great Depression, and unemployment is a lagging indicator.

"Despite doing what I think are some great things for the American people..."

Oh, you mean like the 1.4 TRILLION dollar annual Federal debt that future generations will be saddled with???


Are you suggesting Hoover-nomics?

How did cutting spending work out under Herbert Hoover leading into the Great Depression?

How did increasing spending work out for FDR?

How does history remember those policies?

If balancing the budget is your concern, then you must favor allowing the Bush tax cuts to expire for the richest two percent. That is not a "new tax" by the way. It's the current law mandated by the use of reconciliation to pass the bill in the first place, and would save 1 Trillion $.

It's 3.7 Trillion if you allow them to expire for everyone, which pays for TARP (which was not passed by this administration, contrary to popular belief) and The Stimulus.

Also, contrary to other mythology propagated by politicians seeking (re-)election, cutting taxes (surprisingly) does not balance a budget.

Some of you guys sound misinformed on political issues.

P.S. Did you know Reagan oversaw the largest increase in the Federal Deficit as a percentage of any modern president?

Edited 2010-09-01 08:33 UTC

Reply Parent Score: 3

RE[2]: Screwed again
by ricegf on Wed 1st Sep 2010 09:32 in reply to "RE: Screwed again"
ricegf Member since:
2007-04-25

"P.S. Did you know Reagan oversaw the largest increase in the Federal Deficit as a percentage of any modern president? "

Y'know, you really can't just go around making stuff up like this and expect a pass.

Go look at the Congressional Budget Office data*. (I hope you're not like other Reagan-haters to whom I've pointed this out, who insist that the CBO just isn't as reliable source of information on the economy as MoveOn?)

Look at 1981 (when President Reagan took office) and 1989 (when he left office).

The deficit grew from 2% to 3% of GDP.

Now look at 2009 (when President Obama took office) and today (the dashed line).

The deficit grew from 3% to 6%, with projections of 9% by the end of 2010.

Yes, sure, the economy is bad - but it was a disaster when Mr. Reagan took office, too (remember 14% inflation and 20% mortgages? No, you probably don't). When he left office, inflation was only 3% and mortgage rates were down to 7%. The economic recovery begun under his watch continued right up until 9/11. Winning the Cold War was just gravy.

Set aside your hatred for a moment and let your inner geek emerge - look at the data. Reagan is remembered so fondly by most Americans** because his policies worked.

Will Mr. Obama's? Too early to tell. I hope so, but I fear he and the lopsided congress will spend us into bankruptcy first.

* See http://www.cbo.gov/ftpdocs/99xx/doc9957/MainText.3.1.shtml#1100451. That huge freaking cliff on the right is Mr. Obama's "spend us into prosperity" strategy at work.

** See http://en.wikipedia.org/wiki/Historical_rankings_of_Presidents_of_t.... Ronald Reagan places 5th, 2nd, 2nd and 9th in recent polls seeking the best president in all of history.

Reply Parent Score: 3