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View Full Version : Another Pair of Democrat Lies Shot Down



Mainecoons
09-01-2012, 07:06 AM
Let’s consider income first.
Between 2007 and 2009, after-tax earnings by Americans in the top one percent
for income fell 37 percent. On a pre-tax basis they fell 36 percent in the same
period. . . .

In other words, the incomes of the
top one percent fell 18 times more than the incomes for the middle class at the
start of the recession.


So the rich aren't getting richer. That's Democrat lie #1


And taxes paid? Despite the
oft-repeated fact that tax rates for the wealthy are at an all-time low (which
is true), it’s also true that the actual amount paid in taxes by the wealthy is
higher than before the recession. . . .

The One Percent paid an average
effective tax rate of 28.9 percent on their income — far more than any other
group, and more than twice the average effective rate of the middle class, who
paid 11 percent on average.

So the rich lost more income and
paid more of their money in taxes than the rest of the population.


And that's Democrat Lie #2

These numbers are from CBO

http://www.cnbc.com/id/48257611

MMC
09-01-2012, 07:17 AM
Yep, and Medved was pointing out that while Under the Bush Administration that as bad as it was there was still growth. Now with obama taxing them more even the CBO says there will be negative growth for 2013 if they do not get rid of Obama's tax policy.

Peter1469
09-01-2012, 07:29 AM
The drop in the income of the rich between 07-09 was mostly due to the drop in the stock market. Much of that money was made up in the last two years. But the market is going to collapse again as soon as it realizes that there will be no QE3.

MMC
09-01-2012, 07:35 AM
Bernanke just announced the other day the Fed stands Ready to do something. As they see whats going to happen with 2013.

Mainecoons
09-01-2012, 07:44 AM
Bernake is trying to save Obama. Period.

Peter1469
09-01-2012, 07:54 AM
Bernanke just announced the other day the Fed stands Ready to do something. As they see whats going to happen with 2013.


Bernanke has been saying that since Operation Twist ended (QE2.1 lite?).

That is what has propped up the markets the last several months. It is showmanship. Bernanke has said in various forums that the negatives of any more QE will outweigh the benefits. (IMO the only benefits are pushing up the markets but never mind that). The negatives are inflation (and increased debt): QE caused the prices of food and fuel to skyrocket. Combine that with the drought in the US breadbasket and further QE will create unacceptable inflation just before an election.

MMC
09-01-2012, 08:09 AM
Yeah.....I see your point. Plus now not only the major drought in the country. But the Disaster unfolding with Isaac. Illinois just passed an Emergency Temp law so that farmers can drive tractors on the highway but they have to have a trailer at least 12ft wide.

Also this morning on the Radio there was a Report that there are more Women returning to farming on their own. Well at least Obama told the IMF don't be expecting to see any funds coming their way this coming year.