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(Reuters) Hero Obama orders Treasury to begin cutting taxes. Republicans complain in 3...2...1   (news.yahoo.com) divider line 271
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FlashHarry [TotalFark] 2009-02-21 09:17:44 AM  
let me guess: "it's not enough!" "it should go to the wealthiest americans and corporations instead of the middle class!" "it's from obama, so it must be bad!" "wharrgarbl!"

 
Dancin_In_Anson [TotalFark] 2009-02-21 09:42:47 AM  
Cutting taxes: Good

Cutting taxes AND cutting spending: Even better.

Holler when we get to the second part.

 
FlashHarry [TotalFark] 2009-02-21 09:46:07 AM  
Dancin_In_Anson: Cutting taxes: Good

Cutting taxes AND cutting spending: Even better.

Holler when we get to the second part.


well, considering red-ink republicans love to cut taxes for the über-wealthy and spend like drunken sailors, why don't we let the dems take a shot at this one, mmkay?

 
JohnnyC 2009-02-21 09:46:08 AM  
You know what I think is bugging Republicans the most about this, Obama is keeping his word. To them, that is sacrilege.

 
JohnnyC 2009-02-21 09:47:51 AM  
Dancin_In_Anson: Holler when we get to the second part.

Your panties... they appear to be in a wad.

 
joeycolby 2009-02-21 09:50:22 AM  
FTA: "The measures have received a mixed early reaction from gloomy financial markets uncertain whether they will succeed in arresting the downward economic spiral."

I'm about at my limit of seeing "the market" spoken about like it's this being that is anything other than just a meeting place for investors.

Having said that, does it seem to anyone else like the word "depression" has a double meaning lately? It's like the investors assume everything is going to have a negative effect, so they act out in such a way as to cause a negative effect. That in turn makes them fear more negative effect and so on.

 
I_C_Weener [TotalFark] 2009-02-21 09:51:55 AM  
We'll see.

 
Eddie Adams from Torrance [TotalFark] 2009-02-21 09:55:00 AM  
Only a Democrat would think it's a good idea to cut taxes during wartime.

 
Dancin_In_Anson [TotalFark] 2009-02-21 09:57:17 AM  
FlashHarry: well, considering red-ink republicans love to cut taxes for the über-wealthy and spend like drunken sailors, why don't we let the dems take a shot at this one, mmkay?

And the recently passed legislation differs how?


Your panties... they appear to be in a wad.

Because Obama signed legislation that blew more in one wad than Bush did in Iraq?

Yeah, I guess you could say that.

 
muck4doo [TotalFark] 2009-02-21 09:57:25 AM  
Dancin_In_Anson: Cutting taxes: Good

Cutting taxes AND cutting spending: Even better.

Holler when we get to the second part.


I wish farking Bush would have done that. >:(

/Voted for that libtard bastard twice
//I want our money back!

 
I_C_Weener [TotalFark] 2009-02-21 09:58:30 AM  
joeycolby: FTA: "The measures have received a mixed early reaction from gloomy financial markets uncertain whether they will succeed in arresting the downward economic spiral."

I'm about at my limit of seeing "the market" spoken about like it's this being that is anything other than just a meeting place for investors.

Having said that, does it seem to anyone else like the word "depression" has a double meaning lately? It's like the investors assume everything is going to have a negative effect, so they act out in such a way as to cause a negative effect. That in turn makes them fear more negative effect and so on.


The market is erratic and panicky in the best of times. When the President can't seem to find anything hopeful to say, the market gets completely wonky. When I hear the FDIC putting commercials on the radio assuring everyone that their money is safe and federally insured, I start to think that my mattress is the safer place for my money. And I heard that commercial on the radio yesterday.

My optimism for the economy drained away when I heard that commercial.

Forgive the Democrats...for they know not what they've done. Maybe we'll be lucky and come out of this mess stronger and more fiscally responsible. Let's hope so.

A tax break can't hurt things. Pretty much any other action is going to cause panic though...except maybe some real words of hope. Maybe.

 
adamgreeney 2009-02-21 10:05:52 AM  
joeycolby: FTA: "The measures have received a mixed early reaction from gloomy financial markets uncertain whether they will succeed in arresting the downward economic spiral."

I'm about at my limit of seeing "the market" spoken about like it's this being that is anything other than just a meeting place for investors.

Having said that, does it seem to anyone else like the word "depression" has a double meaning lately? It's like the investors assume everything is going to have a negative effect, so they act out in such a way as to cause a negative effect. That in turn makes them fear more negative effect and so on.


That's basically been the reason for every major downturn; panic. We let "the markets" be our litmus test for the health of the economy, yet when they were banking money hand over fist and the Dow was up daily, how many of us where getting the benefit? They react to what makes them money, and that rarely helps out the middle class. We need to do away with a lot of what we hold out to be true in the financial sector.

 
Dancin_In_Anson [TotalFark] 2009-02-21 10:06:38 AM  
muck4doo: I wish farking Bush would have done that. >:(

Too much "compassion" in his "conservatism".

 
JohnnyC 2009-02-21 10:06:48 AM  
Dancin_In_Anson: Because Obama signed legislation that blew more in one wad than Bush did in Iraq?

Yeah, I guess you could say that.


Well, there is a significant difference. See... Bush blew all that money and spent the majority of it blowing things up and tearing things down. Obama's plan is different in that sense since instead of blowing things up, he's working towards building things up.

But weren't you one of the people who stood steadfast in their support of the Iraq war from the beginning? That isn't an accusation, it's a question because of what I remember, you were all for that.

 
joeycolby 2009-02-21 10:09:40 AM  
adamgreeney: They react to what makes them money, and that rarely helps out the middle class. We need to do away with a lot of what we hold out to be true in the financial sector.

I guess that's kind of where I was going with that. Financial reports are bad because they made them bad. They're reacting to their own reactions, making the whole system an exercise in extremes.

 
Mordant [TotalFark] 2009-02-21 10:10:03 AM  
It's still possible that Iraq could start paying big profits. Unlike all that stupid infrastructure crap and money spent unwisely in this country.

Look at the money made by the prosthetic limb manufacturers in the last few years, for example.

 
FlashHarry [TotalFark] 2009-02-21 10:10:30 AM  
Dancin_In_Anson: muck4doo: I wish farking Bush would have done that. >:(

Too much "compassion" in his "conservatism".


ROTFLMAO

 
ElPresidente [TotalFark] 2009-02-21 10:18:38 AM  
Eddie Adams from Torrance: Only a Democrat would think it's a good idea to cut taxes during wartime.

Only a Republican would think that starting a war was an acceptable way to stimulate the economy.

 
Dancin_In_Anson [TotalFark] 2009-02-21 10:19:44 AM  
JohnnyC: Obama's plan is different in that sense since instead of blowing things up, he's working towards building things up.

Like the debt that even my grandchildren won't be able to pay off?

 
Crosshair [TotalFark] 2009-02-21 10:25:28 AM  
Cutting taxes and not cutting spending is a short term solution that ignores the long term.

If we had been running surpluses before this mess happened, I wouldn't have as much of a problem, but we've been deficit spending for almost the last 50 years.

 
muck4doo [TotalFark] 2009-02-21 10:27:13 AM  
Dancin_In_Anson: JohnnyC: Obama's plan is different in that sense since instead of blowing things up, he's working towards building things up.

Like the debt that even my grandchildren won't be able to pay off?


His ego has certainly built up.

 
I_C_Weener [TotalFark] 2009-02-21 10:28:29 AM  
Crosshair: Cutting taxes and not cutting spending is a short term solution that ignores the long term.

If we had been running surpluses before this mess happened, I wouldn't have as much of a problem, but we've been deficit spending for almost the last 50 years.


Exactly. It worked for our fathers so it will work for us. Oh where art thou "The Buck Stops Here!"? Now its pass the buck...and the trillion dollars in deficit on to our future selves, and kids...frankly I think we'll be paying for it before our kids do.

 
ScubaDude1960 [TotalFark] 2009-02-21 10:34:54 AM  
Dancin_In_Anson: Cutting taxes: Good

Cutting taxes AND cutting spending: Even better.

Holler when we get to the second part.


Looks like he's going to pull a Reagan... cut taxes and increase spending. This should work out well.

 
40yoVirgin [TotalFark] 2009-02-21 10:36:15 AM  
Dancin_In_Anson: Like the debt that even my grandchildren won't be able to pay off?

Meh... you'll be old and senile, or dead... so what's to care?

Besides, why should they have it better than us? BushCo gave us debt we or our children will never pay off.

 
Dancin_In_Anson [TotalFark] 2009-02-21 10:39:19 AM  
40yoVirgin: Meh... you'll be old and senile, or dead... so what's to care?

I don't expect anyone else to, so that leaves it to me to care about them.

BushCo gave us debt we or our children will never pay off.

Well that makes it OK!

 
ScubaDude1960 [TotalFark] 2009-02-21 10:39:20 AM  
ElPresidente: Eddie Adams from Torrance: Only a Democrat would think it's a good idea to cut taxes during wartime.

Only a Republican would think that starting a war was an acceptable way to stimulate the economy.


FDR and Kennedy disagree.

 
Dufus [TotalFark] 2009-02-21 10:40:59 AM  
"I'm pleased to announce that this morning the Treasury Department began directing employers to reduce the amount of taxes withheld from paychecks, meaning that by April 1st, a typical family will begin taking home at least $65 more every month,"

So they are not withholding as much, BUT what happens at the end of the year when we find out that the cuts didn't reduce the amount owed as much as the reduction in withholding? Not the first time that has happened to me, BTW. It really sucks to have to come up with that extra at the end of the tax year.

No, I don't trust the gubmint to fix things. There are just too many politicians in one place.

 
SilentStrider [TotalFark] 2009-02-21 10:42:36 AM  
ScubaDude1960: ElPresidente: Eddie Adams from Torrance: Only a Democrat would think it's a good idea to cut taxes during wartime.

Only a Republican would think that starting a war was an acceptable way to stimulate the economy.

FDR and Kennedy disagree.


FDR and Kennedy didn't start any wars, just got involved with ones that were already going.

 
40yoVirgin [TotalFark] 2009-02-21 10:46:07 AM  
Dancin_In_Anson: Well that makes it OK!

Wasn't really an argument, just an observation.

 
JohnnyC 2009-02-21 10:48:13 AM  
Dancin_In_Anson: Like the debt that even my grandchildren won't be able to pay off?

If we don't do something, your grandchildren might not have the jobs to even try to pay it down. I suppose you have some brilliant alternative plan that would be effective in stopping the downward spiral the economy has been on?

Or are you just mad you're not getting a tax cut and people who make less money than you do are?

 
40yoVirgin [TotalFark] 2009-02-21 10:49:57 AM  
ScubaDude1960: Looks like he's going to pull a Reagan... cut taxes and increase spending. This should work out well.

It made Reagan a deity amongst the conservatives... perhaps it will do the same thing with the liberals.

And in 50 or so years, we'll really have one helluva zombie cage match... Zombie Reagan vs. Zombie Obama

 
FlashHarry [TotalFark] 2009-02-21 10:56:33 AM  
Dancin_In_Anson: JohnnyC: Obama's plan is different in that sense since instead of blowing things up, he's working towards building things up.

Like the debt that even my grandchildren won't be able to pay off?


you sure seemed concerned about that when your god bush was blowing billions in iraq while cutting taxes for the ultra-rich.

i love how all the butthurt republicans - excuse me, fark independents™ - get all fiscally responsible after they leave the seat of power. where was your fiscal responsibility four years ago? how many spending bills did your god bush veto when the GOP was in charge of congress? one? zero? i forget.

 
Mordant [TotalFark] 2009-02-21 10:58:02 AM  
JohnnyC: Or are you just mad you're not getting a tax cut and people who make less money than you do are?

As a top 5% earner in America (like most conservatives) he'll be getting screwed over royally by any tax breaks for working stiffs.

 
Hung Like A Tic-Tac [recently expired TotalFark] 2009-02-21 10:58:39 AM  
Dancin_In_Anson: 40yoVirgin: Meh... you'll be old and senile, or dead... so what's to care?

I don't expect anyone else to, so that leaves it to me to care about them.

BushCo gave us debt we or our children will never pay off.

Well that makes it OK!

You are such a hack.

 
Crosshair [TotalFark] 2009-02-21 10:58:44 AM  
40yoVirgin: And in 50 or so years, we'll really have one helluva zombie cage match... Zombie Reagan vs. Zombie Obama

My money is on Reagan.

 
Mentat [TotalFark] 2009-02-21 11:01:07 AM  
Eddie Adams from Torrance: Only a Democrat would think it's a good idea to cut taxes during wartime.

hee hee

But seriously, I wish they had dispensed with all tax cuts in this bill and allocated all $700 billion to investment spending. Hooray bipartisanship.

 
joeycolby 2009-02-21 11:01:22 AM  
FlashHarry: i love how all the butthurt republicans - excuse me, fark independents™ - get all fiscally responsible after they leave the seat of power. where was your fiscal responsibility four years ago?

Not that I'm defending him or anything, but D_I_A has been pretty consistently against the war if for no other reason than he's to the extreme side of limits on government. I don't agree with his "every man for himself" routine most of the time, but his fiscal complaints haven't changed since I've been here.

/now I feel like I gotta go take a shower...

 
Mordant [TotalFark] 2009-02-21 11:07:17 AM  
joeycolby: but D_I_A has been pretty consistently against the war

I keep forgetting to renew my BizarroFark subscription.

 
Dancin_In_Anson [TotalFark] 2009-02-21 11:08:06 AM  
JohnnyC: If we don't do something, your grandchildren might not have the jobs to even try to pay it down.

Horeshiat. This boondogle will do jack shiat as far as creating a job for my grandkids.

Or are you just mad you're not getting a tax cut and people who make less money than you do are?

Oh no. I'm getting my $13 per week.

 
FlashHarry [TotalFark] 2009-02-21 11:10:22 AM  
joeycolby: FlashHarry: i love how all the butthurt republicans - excuse me, fark independents™ - get all fiscally responsible after they leave the seat of power. where was your fiscal responsibility four years ago?

Not that I'm defending him or anything, but D_I_A has been pretty consistently against the war if for no other reason than he's to the extreme side of limits on government. I don't agree with his "every man for himself" routine most of the time, but his fiscal complaints haven't changed since I've been here.

/now I feel like I gotta go take a shower...


lol. well, if he's consistent, then i take it back. then he'll admit that the modern republican party is the antithesis of conservative.

 
Dancin_In_Anson [TotalFark] 2009-02-21 11:10:27 AM  
FlashHarry: you sure seemed concerned about that when your god bush was blowing billions in iraq while cutting taxes for the ultra-rich

I was cool with Iraq but not the massive growth of the government than. I am cool with Afghanistan but not with the massive growth of government now.

joeycolby: Not that I'm defending him or anything, but D_I_A has been pretty consistently against the war if for no other reason than he's to the extreme side of limits on government.

No, I have no problem with the war.

 
FlashHarry [TotalFark] 2009-02-21 11:11:46 AM  
Dancin_In_Anson: FlashHarry: you sure seemed concerned about that when your god bush was blowing billions in iraq while cutting taxes for the ultra-rich

I was cool with Iraq but not the massive growth of the government than. I am cool with Afghanistan but not with the massive growth of government now.

joeycolby: Not that I'm defending him or anything, but D_I_A has been pretty consistently against the war if for no other reason than he's to the extreme side of limits on government.

No, I have no problem with the war.


well there you go. it's ok to cut taxes for the wealthy and spend billions (trillions?) on a war that was based on fudged intelligence.

 
Hung Like A Tic-Tac [recently expired TotalFark] 2009-02-21 11:13:14 AM  
Dancin_In_Anson: JohnnyC: If we don't do something, your grandchildren might not have the jobs to even try to pay it down.

Horeshiat. This boondogle will do jack shiat as far as creating a job for my grandkids.


Do you have tonight's powerball numbers?

 
corporate mustache 2009-02-21 11:14:44 AM  
I_C_Weener: We'll see.

I.C. Idiot.

 
40yoVirgin [TotalFark] 2009-02-21 11:15:46 AM  
Dancin_In_Anson: No, I have no problem with the war.

Considering we invaded a sovereign country based on false pretenses, wasted billions of dollars all while wasting many innocent peoples lives, and increased the threat of terrorism all while trying to reduce that threat... your comment is quite revealing.

 
Crosshair [TotalFark] 2009-02-21 11:19:56 AM  
Hung Like A Tic-Tac: Do you have tonight's powerball numbers?

I think DIA's point is that in the best case scenario, this boondoggle will have short term benefits only. At worst, it will do nothing, wasting the money we spent on it.

Either way, our grandkids will still be paying for it while reaping none of the hypothetical benifits.

 
FlashHarry [TotalFark] 2009-02-21 11:19:57 AM  
Dancin_In_Anson: JohnnyC: If we don't do something, your grandchildren might not have the jobs to even try to pay it down.

Horeshiat. This boondogle will do jack shiat as far as creating a job for my grandkids.

Or are you just mad you're not getting a tax cut and people who make less money than you do are?

Oh no. I'm getting my $13 per week.


boondoggle? you're one of those new deal deniers, aren't you. you oppose massive spending programs, unless they involve killing brown or yellow people. nice.

and as for your 13 a week - you were probably one of those screaming that obama was going to raise taxes. here he is cutting taxes, and you're biatching about it not being enough. jesus christ - there really is no pleasing you farkers, is there.

 
Mordant [TotalFark] 2009-02-21 11:20:55 AM  
40yoVirgin: Dancin_In_Anson: No, I have no problem with the war.

Considering we invaded a sovereign country based on false pretenses, wasted billions of dollars all while wasting many innocent peoples lives, and increased the threat of terrorism all while trying to reduce that threat... your comment is quite revealing.


war is cool, and the libs hate it.

 
CheddarPants [TotalFark] 2009-02-21 11:22:21 AM  
Eddie Adams from Torrance: Only a Democrat would think it's a good idea to cut taxes during wartime.

Did you sleep through the entire Bush presidency or something?

 
3_Butt_Cheeks 2009-02-21 11:22:46 AM  
This does nothing to remedy the mess called Nancy's stimulus package.

Those words are cringe-worthy.

 
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