They are true patriotic Americans .. I agree - they are not toe sucking, butt kissing, lobbyist in the pocket got to get re-elected politicians that seem to gravitate to the nations capitol.
Riiight, because after raiding SS payments for years under the "Give teh rich more MONIES!" plan making sure grandma can't pay her bills next month is a GOOD thing? Perhaps you've heard of the phrase "Arab Spring"?
BTW it might interest you to know that despite nearly 3 decades of the "Give teh rich more MONIES!" plan the data shows higher taxes on the wealthy leads to MORE jobs and growth which is what these bozos are fighting tooth and nail AGAINST because it goes against their "Give teh rich more MONIES!" dogma.
Personally I think the only good thing that will come out of this is there won't be a person elected with an R in front of their name except in a red state for probably a decade. Couldn't happen to a nicer bunch of douches.
If more people thought like you .. well the country would be incredibly in debt ... wait .. the US is incredibly in debt.
I know we'll tax everyone more to get the money so that people won't have as much extra cash to buy things and that will kill the economy more.
I bet that's what you do with your personal budget .. not enough money .. well let me go out and charge some more and when the credit cards gets maxed out - what happens then.
U.S. Downgraded to 'Near Junk' by Weiss
Well my fellow Americans .. it is time to pay the piper .. when will we get our house in order. I would bet that that congress passes this budget with higher taxes on the rich and the not so rich and they will cut some from the DOD yet we will continue to fight for the new world order aka the UN.
The govt won't shrink very much and the deficit will grow and grow and grow. Pretty soon you'll need a
to buy a loaf of bread - just as they needed in Germany after WWI
going grocery shopping in Zimbabwe
The price of a Ford car in ounces of gold: 1913-2011
Notice a similarity?
This is not a D vs R issue - although many like to paint it that way so they can distract the real issues concerning debt. The rich are getting richer .. sure .. and do you hear that sound .. that's the sound of the value of your dollar - hard earned money being sucked away by the folks that you're supposed to be bailing out .. and we're doing this so that they can save you.
Wow, way to sling the FUD! You should hang with Steamed I bet you'd be bestest buds! I notice though you didn't have a single word to say about the empirical evidence showing higher taxes on the wealthy leads to less unemployment because that would go againt the R mantra of "Give teh rich more MONIES! Nom nom nom".
But ya know what? Your "Give teh rich more MONIES! Nom nom nom" has had THIRTY YEARS and been proven a giant landslide of FAIL. We had trickle down (1980-88) voodoo economics (89-92) "free trade" with those that have NO environmental regulations (92-2000) the "Hey lets give the rich tax breaks to go with teh more MONIES!" (2000-2008) and finally bailout baby bailout (2008-present).
Your policies have run the economy into the shitter, helped to send more than 20,000 factoriesoverseas in less than a decade yet your answer after ALL of this evidence? Give teh rich more MONIES Nom Nom NOM. No thanks we've been there and done that and you've damned near made the USA into the third world with that bullshit.
Your Government don't deserve any more tax money or rates! They are the problem and need to stop trying to save the day since they make matters worst just as in the original depression! Letting people do with their money should be none of your business or the governments. All those issues are due to government not cutting spending enough and over-regulation on every level.
Your graphs do not prove jack shit. Sorry. They take two things and try to prove some sort of causation because there is an appearance of correlation.
What your linked charts demonstrate is that the economy grew at nearly the exact same rate of a similar time period when you had a big tax increase or had no change in the tax law whatever. Major tax cuts still cause positive growth. All three of which were uncommon events given their scale. Minor tax cuts and hikes are what was common, and their comparative rates of growth are all over the place.
Which shows that the two things are probably not particularly related. Which would be a great argument for ceasing to pretend that either tax cuts or tax hikes are the actual solution to the problem of poor economic growth.
You want a better chart, map the trade deficit with spending and the influx of foreign investment. The reason why all YOUR graphs trend up is that with the exception of the great depression, there hasn't been a long period where if you added all those numbers up, the total was a net positive number on the US side of the equation. A year or two of bad confidence, or hiccups in the flow of money and products, or wacky tax plans really couldn't put a dent in the fact that more money was coming in than going out. (BTW, tax rates just changed who was deciding what to spend and what it was spent on).
We are entering a period where the trade deficit is growing, foreign investment is dropping and spending is skyrocketing. The net total of those vectors results in a decreasing number on the US side of the equation. It doesn't matter if the private sector spends it (tax breaks), or if the public sector (new taxes) spends it. Unless it is spent wisely, it doesn't matter who is doing the spending.
The government isn't going to spend it wisely as witnessed by QE1 and QE2 and discussions of the plans for QE3. The private sector isn't really prepared to spend it wisely either. Ironically, this was also demonstrated by QE1 and QE2.
More or less taxes isn't even a relevant question until someone has a reasonable plan of what to spend it on.
Seriously, would the gold retard PLEASE stop thinking gold fixes anything. It really doesn't.
When we had a gold backed economy, we revised the official value of gold frequently to reflect what we wished rather than what was. THe price of your commodities being consistent merely represented how conservative monetary policy was. We STILL had fractional reserve banking with gold, which if it did what every person claiming gold is panacea thought gold does, would NOT have been possible.
Lets take your price of a ford car link.
1913 - model T = $550 or 27 oz of gold. (~2/3 of median income)
2011- ford fusion = $25000 or 17 oz of gold. (~2/3 of median income)
What they bother to ignore is everything in between, and even the implication of their own stats.
By their stats gold wasn't an inflation hedge, it was deflationary. Why? because the gold supply is fixed, and unless you get most of the trading world together (like we did with the whole bretton woods thing back when we WERE on a metal standard), you wind up with the labor supply, and supply of raw materials, outpacing the monetary representation thereof. By a LOT. Remember, those two numbers represent lots of government interference in the price of gold.
howabout a 1982 ford LTD. - $9,294 a bit less than 50% of the average income and equal to about 25 oz of gold.
Howabout 1979? - well I can't find it. but to be 2/3 of the average income it'd have to be around, $10,500. I'm guesisng it wasn't more than it was in 1982. but 10,500 worth of gold in 1979 was 34 oz of gold.
I'm not even cherry picking, 1980, 2/3 of the average income was approximately 11803 1980 dollars. ounces of gold though, it was 19 oz. that's some major stability for you.
Oh, BTW, 1980 was a gold bubble. So is 2011. So gold in'st free of bubbles, and the gold standard destabilized the global economy not ONCE, but TWICE. Once at the end of WWI, and then again in the late 60s/early 70s.
The frikin gold standard rode shotgun on the great depression as well as multiple bubbles that pre-date multi-national collusion and price fixing of gold.
GOLD DOESN'T FIX ANYTHING!!!!
Other than rent & utilities, the only $$$ going out is groceries and $ to get and from work. I don't pay for TV (but yes, $10.00/month for interwebs) and haven't bought new clothing in at least a year. Oh and medical co-payments. And catfood, litter, flea treatments, etc. I bring my lunch from home each day and walk ride or use my bus-pass to any superfluous events or destinations (if said event/destination is free.) I may have to purchase some acrylic paint as I am running out of Mars Black. If I can't paint, someone will get hurt. (the supply of canvases I found will probably last a couple more years at least)
I also try to help my kids out with a couple bucks here and there...
I think you should use more CAPITAL LETTERS to express yourself.
I gather you don't have any gold or silver for a rainy day - a hedge against inflation, diversify your portfolio. The great prognosticator seems to live back in 1980 time frame. When tricky Dick took the US off the gold standard the value of gold has steadily gone up since then .. and the value of the dollar .. well anyone who goes grocery shopping will tell you that the dollar doesn't go very far anymore.
Here is to a dollar calculator for you try
To call it retarded is really being ridiculous - that's why gold is $1600 an ounce today
The Shrinking Value of the Dollar The CPI inflation calculator uses the average Consumer Price Index for a given calendar year
Gold does not solve everything it has done better than the paper dollar has though - and with digital dollars the central banks don't even need to print the paper stuff up. Gold and silver are manipulated by commodity speculators, it should be worth quite a bit more now than it really is. I hope the US dollar is still the world currency in the foreseeable future - right now it is having a rather rocky time.
Your right the value of gold will cycle .. the last two down periods for gold - it was being manipulated by governments and Central banks.
Shopping is patriotic. We are very disappointed that you are paralyzing the US and Chinese economy by not going into deeper debt and and acquiring more credit cards to buy Chinese goods to keep Chinese factories operating at 100% production; support US trade unions through your credit purchases. It is not China's fault, but people such as yourself that are causing China's economic situation. Play ball with China as they have supported the US financially through every debt ceiling raise. If something happens to China the failure will be on your back.
China can kiss my rosy ass. When I do have to buy something (the only things I can think of off hand that I HAVE to buy new would be panties, bras, and similar intimates), I reject those items with made in china labels.
US made cotton intimates might help out with that rosy ass...unless it was administered by a friend and in that case carry on.
With a handmade in America leather paddle.
steamed
If these people truly are more concerned about an issue than their job, they are not genuine politicians, they are PINOs (politicians in name only). If we can't buy them off or get them to flip flop or lie, we need these fakers out of office now.