Economy: what's wrong and how to improve - Cynthia McKinney

[Dearhunter43]

There's one side sayin we need more Government. There's one side sayin we need more Corporations. I can't tell who's right or wrong anymore. I can't tell what the fuck is going on. Why is everyone arguing and spreading hate. Why is there hate. End the hate. Cause I see no future in my life if this world can't come to one conclusion. Who's out there sayin we need more Peace. I say no Corporations and No Governmnet. I say YES to Peace. Revolution for Peace!!!

[Dearhunter43]

I say end Economics and Government. No Corporations and No Politics. Just Love. Just Love.

[freedombiteback]

Cynthia McKinney should tell the truth the Bill (debt)............

I mean the Dollar '' Bill '' is not backed by Silver or Gold, moreover, it is debt notes !....So how can a Country(ies) pay off it's Jewish run IMF (banks) debt with debt ? ( paradoxical conundrum )...

[regdawgformerusmc]

Huh??????  What is she smokin". Wait, was it her party (the democrats) that started it?

[pntblank82]

crazy talk.....

[MuskratandRatman]

ok roll back bush tax cuts on the wealthy and the corporations.OK i have a better approach.America's tax on Companies is %48 ok. Bush's tax cut only brought a minority down to %40. You probably think that the rich should pay you for being rich but think of this.If the rich had more money to keep.Think of this if the government of the US let you keep %90 of ur check to make money you would stay. Great idea though tax companies who are leaving and when they are gone you can't tax them anymore.

[judyleasugar97]

@MuskratandRatman: Yammer about redistribution of wealth all you like, the problem is that if the 2 percent wealthiest in this country get too powerful they will literally take over. They already have a strong hand in the government and if they continue to make money at the rate they are (taking wealth AWAY from the other 98 percent might I add) there will be no chance for the middle class to have any voice.

[MuskratandRatman]

@judyleasugar97 Im sorry, I just have a huge problem with taking money away from some and giving it to others. Barack Obama's Tax plan will make America reliant on the wealthies tax. Why not just have a flat tax? why do you want to take away hard workers money and waist it on (long term)welfare and Health Care and MediCaid and so much other junk

[judyleasugar97]

@MuskratandRatman: I really can't understand this attitude of the tea baggers that the 2 percent wealthiest are some kind of sacred cows we need to protect. Say what??? These people got us into the mess we're in and can afford to contribute more! If they moved away this country would do just fine. You'd see a lot of small buinesses crop up.

[syanen]

Phlking83: this is why presidents have "advisors" and "speech writers." When she is PRESIDENT, these issues will be smoothed out as the intelligence is already there. Pleeeeease, you aren't trying to suggest, even jokingly, that George Bush is smarter than Cynthia McKinney, are you? Because he certainly could have used your advice; not Cynthia McKinney.

[particle409]

1. "Corporate welfare" is not going to be solved by raising corporate taxes. We already tax them more than anybody else (yes, really). We need some common sense regulation, like closing loopholes, but not a straight rise in taxes.

2. The subprime mortgage crisis is terrible, and an example of poor deregulation, but it's certainly not exclusive to black and latino communities.

3. Free trade is great for our economy. Nobody gets tax breaks for moving overseas. They just stop paying US tax.

[Silvsilvchan]

Cynthia Cynthia Cynthia... I am going to be blunt. I am one of those looney Paul supporters. I have my eye on you because I only care about three things in a candidate. 1: Sane foreign policy, 2: fix the economy, 3: have respect for at least the majority of my civil liberties. Obama and McCain both fail at pretty much all three.

However your talking point on balancing the budget shouldn't be about repealing (or just about repealing) the Bush Tax cuts.

[Silvsilvchan]

Destroying corporate welfare is a start. But consider how much money we spend over seas? I feel sorry for the starving kids in latin america, asia, and africa. How could I have a heart and not? But we should focus on our own people before even thinking about that, there are starving kids right here in the USA. Military spending is a big one, all these troops overseas cost money to maintain, even if they aren't fighting a war. Closing military bases here and building new foreign ones take jobs

[Silvsilvchan]

away from americans, further weakening our economy while burdening those same people with paying for those bases through taxes. And you already have pointed out the failed war on drugs, how it wrongfully imprisons so many. But consider over half the people in our prison systems are there on drug charges? How much does it cost to keep them there? Consider most of them are black, too, and many leave jail more violent than when they went in.

Just some things I think you should hit, and hit hard.

[HefeP]

well then, dont let them out, lynch'em!

[cerebus2099]

Thank you for posting these Cynthia. I'm glad to hear more info direct from you. I lean libertarian, but the more i hear the more i like.

[jrb398]

Great analysis--clearly presented! Corporate welfare is one of the major problems facing the U.S. at the present time. Corporations must pay their fair share for the good of the entire society.

[MuskratandRatman]

@jrb398

how about everybody pay 20% of their income rather than varying it on how much they make? It seems more fair to do that. plus rich people wouldn't set up foregin accounts to avoid american taxes.

[judyleasugar97]

@MuskratandRatman: This puts the burden of taxes SQUARELY on the middle class. Sound fair to you??? The lower half of society is struggling as it is, do you really think they can afford to hand over 20 percent of what they make? You're insane.

[MuskratandRatman]

@judyleasugar97

well it certainly would be better than the 30% Im paying. OK, I can see that how about 15%. The Lowest Flat Tax rate America can run on is 11%! I believe everyone should pay the same tax rate. it's more fair. Low tax rates for all will create more tax revenie. And don't call them Tea Baggers. Those people see that their constitutional rights are being threatened by our governemnt. DEMOCRAT AND REPUBLICAN!

[judyleasugar97]

@MuskratandRatman: Do you really think that people who make billions of dollars a year, much of which was made screwing their workers and customers, should only have to pay a hundred a month in taxes? Not to mention the fact that if these wealthy individuals become too powerful they will literally take over the government. By the way everything this lady is saying IS RIGHT ON!

[MuskratandRatman]

@judyleasugar97

well it is still 20% of their time and would be fair if everyone paid 20% of their time. You need to think about how you would feel if half of your money was taking away. It would bother you, even if you made a lot. IF i made $100,000 a year and i had to give up 20%, i would have given up $20,000! that's more than a few hundred mind you. You should be more concerned about our government taking over our lives. You talk of fairness however spit on those who are successful!

[MuskratandRatman]

@judyleasugar97

On another note. If they are making a billion dollars like you said in your last comment and they are paying 20% of their paycheck, it's going to be more like $20 million rather than the few hundred you claimed.

[judyleasugar97]

@MuskratandRatman: If I was making millions of dollars a year I wouldn't mind giving half of it in taxes. That's just the way I am. The wealthy in this country have a moral obligation to help the bottom half of society. The wealthy don't behave and it's up to the govt to come in and make them behave. Just look at the recent Wall Street mess. The govt. needs to regulate the market, obviously they aren't going to do the right thing.

[MuskratandRatman]

@judyleasugar97

Believe me, I said the same thing, before i made my first million. Rich people aren't obligated to help anyone. They can give if they care to. The government shouldn't be regulating as much as they are. The government feeling that they need to control caused my first two businesses to fail, but i became a millionare without government wellfare. Plus this recession was caused by government regulation of the banking and housing market.

[judyleasugar97]

@MuskratandRatman: You said it yourself -- if the govt doesn't get involved the wealthy won't do the right thing. Sorry, regulation is needed or we'll be right back where we were last year. It was the Bush admin and Repub Congress DEREGULATING the market that caused the recession.

[MuskratandRatman]

@judyleasugar97

No Clinton's Housing Act of 1996, causing banks to be less strict on home buyers cause the recession. People just took out loans without being able to pay them back. As of 2006, Regulation doubled during the bush administration because democrats took over congress. Get your facts right!

[judyleasugar97]

@MuskratandRatman: Clinton made mistakes but it's nothing compared to the pork spending and deregulation of Bush and his Republican congress.

[MuskratandRatman]

@judyleasugar97

yeah bush was using pork spending in the end of his presidency. so is Obama now. But don't get mad at banks for giving out bad loans when it's the government that told them to do it with the Housing act of '96.

[judyleasugar97]

@MuskratandRatman: You think helping poor people to survive is pork spending? Maybe, if you're rooting for the 2 percent wealthiest in this country as you seem to be. You are believing Fox channel bs. The banks do what they want to, particularly when they are UNREGULATED as they were under Bush.

[MuskratandRatman]

@judyleasugar97

it is pork spending. I have been homeless twice and have went bankrupt twice, i didn't use welfare to become a millionaire. We live in a country, well use to, wear it is easy to get well off. But the government to my experience does nothing but way people down. They should spend less money on buses and more on the crappy roads they drive on.

[judyleasugar97]

@MuskratandRatman: You can't be proposing we were better off under Bush.

[MuskratandRatman]

@judyleasugar97

we were when he made it easier to start up a business. in 2003 I started a business that made me a new millionare under Bush. I tried and failed under Clinton. Bush cut a lot of the paper work, but not enough in my book. What I don't like about Bush is he poured money into Iraq when my son informed me that NOTHING much is going on over there. And he tried to use tax payer money to solve this crisis. That isn't the way to do it.

[judyleasugar97]

@MuskratandRatman: Under Bush everyone I knew was yelling and screaming that they couldn't pay their bills. Salaries flat-lined but prices were going up up up. No one in Washington was listening! At least Obama is trying to do something about it! Maybe that requires a little sacrifice by everyone, including the wealthy.

[MuskratandRatman]

@judyleasugar97

agreed, this include sacrifice, but not by government. They need to hault spending. Cut welfare and this health care and people need to break their reliance on government intervention. Thomas Jefferson once said "America will fail when we take from those who work and give to those who won't" America is failing because of our Take from the rich give to the poor mentality!

[judyleasugar97]

@MuskratandRatman: Yes, and who are the ones who are not working? The wealthy who leech off the hard-working in society with their exhorbidant banking overdraft fees, gas prices, etc etc. Those were the people Jefferson was referring to! The point is Republican methods don't work. Look where 8 years with Bush got us!

[MuskratandRatman]

@judyleasugar97

Only 4% of what you pay at the pump is Corprate profit. 80% is Government taxes. If Republican methods don't work then how come the most prosperous and inventive times in america was the 1920's and 80s where we had low taxes and regulation while the most depressing was in the 1930s when we had huge government and high taxes of nearly 90% of the highest paid. And also in 1918-1921 when we had a tax rate of 70%!

[judyleasugar97]

@MuskratandRatman: Oh, hah! Go dump your lies somewhere else. The exesses of the 1920s brought on the great Depression. The 80s brought on the recession of the early 90s. Republican methods don't work! The economy always colapses after Republicans have their way. The vibrant middle class of the 50s and 60s was a result of what FDR did!