McCain proposes more Paris Hilton tax cuts; to fix the economy Bush has run into the proverbial ditch with his tax cuts

Oil makes the USA economy go round, I bet he spent all his time talking about how to increase supply — Right?

misterpeasea on July 7, 2008 at 3:35 PM

LOL. I see you imitating Rush imitating Johnny Mac. Funny stuff.

My energy tax isn’t going to have any effect on the economy. Nope, none.

Oh, and ignore all those illegal aliensh in the corner. I’m not going to give them acshess to the welfare shtate.”

For the interested, please sign a petition demanding Barack Hussein Obama furnish America with a legal, certified, readable birth certificate. Because, the images of Barack Hussein Obama’s birth certificate that have been posted on the Daily KOS, and on Obama’s web sites, have been analysed as being FORGED.

Birth Certificate Now

Imagine that…now our children will have to pay Cindy McCain and Steve Forbes’ tax bills.

alphie on July 7, 2008 at 11:48 AM

How much taxes did Cindy and Steve pay last year? She paid 1.7 million, I don’t think we will need to pay her tax bill. How about Steve?
Too bad you don’t have the facts to back up your stupid posts.

(Mantras for Johnny)

the revs to the gov in 1999 was 1.9 trillion in 2007 it was 2.7 trillion. We have a spending problem not an income problem. that means that since the budget is still not balanced the government is spending more than an addtional TRILLION per YEAR more in the last 8 years.

In thirty years we have never had a utility bill, all electric, over $45 for a one bedroom 1000sq ft apartment.

And don’t forget utility bills are after tax income so $10,000 a year is $20,000 gross. Yikes.

patrick neid on July 7, 2008 at 12:58 PM

I lived for awhile in the S.Bay so I know what you mean. In fact, I have to be in the Bay Area People’s Republic next week visiting my Mom. She too has no A/C and uses very little heat. That is worth much money now– maybe as much as $7-10,000/year.

I consider voting Republican to be an exercise in optimism.

:)

Point taken. I live Pelosi’s district in San Francisco. In our place we never use heat or air conditioning/don’t even have it. I forget what it’s like everywhere else, hmmm, just like Pelosi!

alphie on July 7, 2008 at 12:14 PM

Not voodoo, just history. But don’t let the FACTS get in the way of your socialist rants… it would be out of character.

olddeadmeat on July 7, 2008 at 12:43 PM

I shouldn’t talk to you. I thought I was the most pessimistic person I knew on the economy.

I see your scenario as well. I know the info. you presented. My slight optimism comes from:
-the hope, perhaps naive, that it is an error to think those “assets” are worth nothing. Any chance no one has the slightest idea what they’re worth, and marking to market is impossible?
-experience of the Asian financial meltdown. Enormously painful, but painfully brief.
-assistance/cooperation/coordination from ECB, BOJ, Indians, Chinese??
-a political solution, involving change of power in the middle-east.

This is off the top of my head. But it’s what prevents me from putting everything into gold and commodities–even though I sure own more now than I ever did, (which used to be zero). At this very moment, I think the biggest obstacle to the restoration of a sound, global economic system is Iran, so I’m watching that situation closely.

At least McCain admits when he flip-flops, & his have been very few compared to BO.

jgapinoy on July 7, 2008 at 12:30 PM

Actually, McCain’s attitude is more along the lines of “Yeah I changed my position- bite me.” There is nothing wrong with changing position so long as one can present at well-reasoned case for doing so. McCain and Obama both just do it for political opportunism. What sets McCain apart is that he is arrogant enough to believe that the electorate won’t catch on. Obama, like Clinton, just adds another flip so that he essentially is on the record of supporting every side of every position.

Hate to say this, but the probability is closer to 90% before November.

Call it 40% probability that one or more major banks fails this month.

Citibank, WaMu, BoA and it’s new purchase CountryWide are effectively insolvent – but so far they haven’t failed because they haven’t recognized the true value of all the bad mortgage loans and related securities on their books.

Those “assets” are worth effectively pennies on the dollar, and that’s assuming anyone would buy them at all.

All of these banks are desperately trying to raise cash to cover the losses and they are running out of things to sell (maybe not Citigroup at this point).

When these losses can no longer be hidden, look for the Dow to rapidly drop at least another 1,000 points. Car sales are going to get worse, home sales are going to keep diving. In short, while it won’t be the Great Depression, but it will be bad enough that everyone will keep mentioning the GD, like say, the CEO of KB Homes just did last week.

And the state of California might possibly have to file for bankruptcy.

Like I said, you can talk nat’l security or immigration all you want. Sure, drilling in ANWR will help, in about years. Won’t mean a thing to everybody who is going to get burned when the banks start failing.

By November, Bush, Paulson, Greenspan, and Bernanke will need to wear Kevlar even at GOP fundraisers.

watch the video at this link:
http://www.washingtonpost.com/wp-dyn/content/article/2008/07/03/AR2008070303317.html

When administration officials look that freaked out, it’s time to put your cash in canned goods and under the mattress.

I’m expecting Obama would have to run over a busload of nuns, back up over them again, and then urinate on their corpses to lose the election.

What they care about is the clacking sound, disturbing their sleep at night, as the corner gas station changes their prices everyday.

They do care about keeping the Bush tax cuts, a point for you John. But for the love of god get it through your thick cranium that entitlement reform is the last thing they want to talk about, along with your cap and trade, global warming voodoo.

They want OIL, OIL, OIL. They want a f’king gusher right now. They want you hugging a drill bit on the coastal plane. DUH.

Just remember John, when they’re spraying the tar on you just before the feathers, you have been warned. If gas prices continue to go higher the DC crowd had better go into hiding. It’s going to get ugly. You are just lucky that Obama is a bigger idiot than you on this issue.

But don’t hold your breath there boss, he’ll flip. Palin will be his new girlfriend.

patrick neid on July 7, 2008 at 12:21 PM

That’s right Patrick. But change gasoline to heating oil and the magnitude of the problem soars. Gasoline =$50/wk. Fuel oil is closer to $300/wk. (60 gal/wk X $5/gal.) That keeps me awake at night.

McCain has learned the lessons of history

At least McCain admits when he flip-flops, & his have been very few compared to BO.

jake-the-goose on July 7, 2008 at 11:57 AM

It’s called a coup. The left wing of the GOP rigged the primary process to favor Cranky or some other RINO because they decided that seeking revenge on social conservatives and evangelicals was a higher priority for the election than actally picking a decent human being who has common values with the base consituency.

Since Cranky’s presumptive nomination, the little campaigning he’s done all goes to prove that there isn’t one bit of difference between himself and Obama with the exception of Iraq. Either Obama or McCain will give us precisely the same results over the next four years.

I sure hope all you country club Republicans enjoy your petty attack at the party base. It’s all your responsibility and perhaps, next time round, you’ll know what it feels like to be alienated and dis-respected as we throw the lot of you out to the DNC where you political traitors belong.

There will be NO entitlement reform. There was none when Bush had both houses of Congress. To even whisper that you harbor such a belief as a “con”didate, when faced with Dem control of both house, is lunacy. Worse still is your economic adviser, as he put down the crack pipe, suggested it would all happen before the end of the first term.

His speech today should have been an announcement that he was traveling up to ANWR to meet with the Governor of Alaska. Let me give you a hint John, you don’t mind if I call you John, the folks don’t give a shit about entitlements at the moment. What they care about is the clacking sound, disturbing their sleep at night, as the corner gas station changes their prices everyday.

They do care about keeping the Bush tax cuts, a point for you John. But for the love of god get it through your thick cranium that entitlement reform is the last thing they want to talk about, along with your cap and trade, global warming voodoo.

They want OIL, OIL, OIL. They want a f’king gusher right now. They want you hugging a drill bit on the coastal plane. DUH.

Just remember John, when they’re spraying the tar on you just before the feathers, you have been warned. If gas prices continue to go higher the DC crowd had better go into hiding. It’s going to get ugly. You are just lucky that Obama is a bigger idiot than you on this issue.

But don’t hold your breath there boss, he’ll flip. Palin will be his new girlfriend.