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Obama Sinks World Economy On News Of His Election
- Posted in the Indianapolis Forum
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So the corporate tax rates are SO HIGH in the U.S.? Well guess what, so are the Tax CREDITS, tax BREAKS, and tax DEDUCTIONS... So much so that the company I work for, a Fortune 500 company, paid "SO MUCH" tax on their BILLIONS of earnings that their EFFECTIVE tax rate was 4.12% Hmm. 4.12%. What was YOUR EFFECTIVE tax rate? I am betting it was MORE than 4.12% And with that tax rate of 4.12% my company STILL opened facilities OVERSEAS (one in China) and JUST let go U.S. employees. How much LESS do you want corporate America to pay, NOTHING? That would just allow them them open MORE overseas facilities, lay off MORE American workers and pay MORE BONUSES to the Big Shots.... GET A CLUE..... |
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Joined: Oct 20, 2008 Comments: 22 |
That is what I want YES!!!! I also want all other TAXES removed as well with one exception. Sales tax. We are a nation of consumers. A sales tax is fair to all classes of society. The more you buy the more you pay. The capital that would be freed up would be invested in America and grow jobs. Taxes help to eliminate jobs. You think taxing corporations is going to help anything? You know who pays that Tax? You said Get a Clue, but instead I'm going to give you one. It is YOU, the consumer pays those taxes through higher prices. If a company can't make money they go out of business and people lose jobs. The Dems say they always want to punish Big business, when in fact it is the low and middle income people who feel the brunt of those tax increases. Wake up and learn how the economy really works. |
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My company had RECORD profits in 2007, paid a tax rate of 4.12% and in 2008 LAYS OFF AMERICAN WORKERS. You said "If a company can't make money they go out of business and people lose jobs". Gosh, RECORD PROFITS, a 4.12% EFFECTIVE tax rate. My company is MAKING LOTS of money (they are also making money THIS YEAR, based on their first 3 quarterly earnings statements) and AMERICANS are STILL losing their jobs, because they want to make EVEN MORE. Opening facilities in China, where labor cost is lower, the dollar is weak and the market is huge allows them to make LOTS MORE money to pay even more year-end bonuses to the execs.. Now if they could just figure out a way to get rid of ALL us pesky AMERICAN workers.... I understand economics, and that TRICKLE DOWN CRAP doesn't work..... |
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By the way, I will be sure to PASS ON your words of wisdom to my friend and co-worker (former co-worker) who after 30 years, with 2 kids in college, was just LET GO. And gee, he even gets to KEEP his health care insurance until YEAR-END. Gosh how generous of our execs... I wonder if lowering my companies taxes even more would have allowed him to keep his job. I wonder if it will allow me to keep mine next year when they do this again.... Trickle down, trickle down, please trickle down to me.... |
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Get used to it boys...the ' HalfRican ' is your new President-elect.
Now get in line with your hands out to recieve his blessings! |
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And I hope you DROP DEAD before the end of the day... then you won't have to worry about anything, will you. Talk about you a SH**HEAD... you are the one A-HOLE, not me.... President Obama, sound pretty damn good. Get used to it MORON. 01/20/09. BUSH and his minions will be OUT OF HERE!!!! |
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Actually old Bushy boy, your repub elect has sullied his hands with alot of the mess were in. It wasn't just the dems, remember that old bushy boy has led the nation the past eight years. If none of this mess stops at his door, then the dude has really done nothing (which in my opinion would actually be worse) Some of this is his responsibility consequently making it the responsibility of the repubs. You cannot blame this mess solely on the dems, it was the conservatives as well. Additonally the economy has been in the tanks for the lastt several months. This recent decline has nothing to do with Barack. This is nothing but a continued slump began much earlier. |
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The stock market was awaiting the election results on SOME hope that McCain might prevail. Didn't happen. So....
Prepare for a long session of stagflation. Old enough to recall J. Carter? The Misery Index? What's old is new again... |
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Again. The market was in a complete slide well before the election results. How can you say Obama caused this? |
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http://bigcharts.marketwatch.com/quickchart/q... Notice how the downward curve started long before Nov 5th? But of course that reality doesn't impinge on your perfect storm of hatred. |
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EXACTLY!! |
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Ponce, there is no 'we elected' him.
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Well the majority did! |
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The market drop in the last two days is due to the information coming out on both Consumer Spending AND Unemployment figures for October. Both at record lows.
We got Bushed Again. |
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Joined: Oct 20, 2008 Comments: 22 |
Funny thing about the Internet. You can quote statistics all day long anonymously. You can say your company has shipped jobs overseas and made whatever profit, paid whatever effective tax rate and who can challenge that? I happen to live under a bridge and go to the library to post messages here. I ride there everyday on my unicorn. Have you seen me perchance? I make more washing cars then most people make. I just live under a bridge because I'm greedy and I don't want to buy a house or pay rent. Is that unbelievable? Submit some proof to your assertions and then we can have a discussion. Try registering too. it wont help with your credentials but people might listen to what you have to say. As it is now you just spew. |
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I don't understand all the blame for the crap economy going toward Obama. It was failing before.
Why do people think that the dow wouldn't have dropped if Mccain had been elected? What could he, as president-elect, have done differently? |
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The reason the market dropped was due to the massive selling. Many are afraid Obama will increase taxes on capital gains and dividends. If this happens it would affect 20mil investors, many of whom have 401k's for retirement. News from the Obama campaign last Monday was that he would not increase taxes on these types of investments and would stick to his original plan of income tax increases on those making $250k or higher income. |
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= It would be interesting to know the financial situation of the Obama voters. Did they have anything to lose? The college students who voted for Obama certainly didn't have an significant savings or stock holdings. The Blacks who voted for Obama were largely looking for a handout or simply voted on the basis of Race. The 46% who voted for McCain have a lot to lose and we largely remember Carter. The 17-20% Home Loans, the 20+ inflation rates, the lines for gasoline. Pray that your Magic Mulatto can avoid those situations, because I don't want that again. If he would just do it to those who voted for him that would be a great situation. |
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Funny thing about the internet. I look at peoples' screen names. Most times if it isn't at least part of a real name I figure it's pretty much the opposite of reality. "True Patriot" is invairably a nut case who knows nothing about the Constitution and would find it difficult to care less. In like manner "All For Country" is bound to be a selfish person who really doesn't care as much about country as self. It just works out that way. I registered using my full real name. I prefer to post as an anonymous coward, just like you, so I don't have to worry about the lunatics who are on here. I can also say stupid stuff, just like the other anonymous cowards. As to his point, he's probably telling the truth. The company I work for is also a biggie. They paid the president of the company a $2 million bonus for coming up with a one word slogan. Worst of all it's just plain stupid. Taken literally it's pretty much the last thing in the world they really want. It sounds great if you don't actually think about it. In fact, telling them it's stupid would actually be what the slogan says. Sorry guy, but you're on the internet. Anyone who considers any of us credible is a fool. |
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