Tim Geithner Cannot Explain Capital Gains Tax!!

[direct241]

Every time Tiny Tim speaks I find myself drifting off about halfway through then coming back only to realize how full of shit he really is.

Republicrats depend on our inability to make our own decisions. Wake TF up!

"Are you in," no.....I'm am so f*&^%^$ out- So full of sh&*......both sides.

[johnnycmajor]

Looks like Tiny Tim's nose could be broken easily.

[johnnycmajor]

Puss comes dripping down the evil pricks mouth, hang tiny tim!! Impeach O B O M B M A there is not much time left. Arrest all them , the fed's, you know who I'm talking about, throw Perry in there too, and the Bush's. I hope there is time, if not God Bless you all.

Go Ron Go

[farstarfilms]

My wife and I bought a house with 28 acres approx 6 yrs ago last year we

> decided to sub-divide and sell 22 acres, basically open farm

> land. initially we wanted to build our dream home there but too expensive

> with bringing utilities across the creek etc.

[farstarfilms]

We the house with the land

> for 285k back in 2004. And sold the sub-divide land, 22 acres for 140k to

> a builder. There a bit more, before the bank agreed to sub-divide we had

> to put 28k down and of course foot the expenses for sub-dividing etc. Can

> you tell me based on this semario what my capital gain taxes were be?

>

> Thank you,

>

>

[gerasolorgarcia]

this ignorant parrot.

[JesusNonEnviromental]

Wow, the American people are to blame for this and some banks according to Geithner and he said nothing about the Federal Reserve, the Federal Regulators, the oversight committees, Fannie Mae and Freddie Mac, the Rating companies, No he mentioned them bad Americans who took out equity loans in a housing bubble created by the Fair Housing Act of Bill Clinton, they should have known better and studied derivative markets and securities and they would have seen this coming

[solgoode1]

this guy is a cock knocker

[RKane4u]

Tim "Turbo Tax Cheater" Geithner! What a farce!

[captwasabi]

@2:20 "I think that, again, there are large parts of our country, large parts of policy where we have not done a good job of what governments have to do to make economies perform well and for the gains of economic performance to be widely shared." More of this collectivist economic, socialist bullshit! Where the fuck does it say ANYWHERE in our Constitution that a role of the government is to ensure that economic gains are shared by all? WHERE?

[Unclesamslair]

capital gains taxes will sunset at 20% eventually. there, I said it.

[Vexed34]

He looks like that dickwad that got Sam killed in Ghost and then tried to make it with his wife!

[jeremyraybrown]

Geithner is so smart. Yep, let's raise taxes and make things fair. Seriously, what an idiot!!! The guy should be exiled from the USA. Here is a fair idea: eliminate income taxes entirely. Cut spending. We don't need a fu**ing nanny state. Guess what Geitner, if you eliminate the income tax, then revenues for the government would still equal that as in the year 2000. So you are already collecting a lot more and can't balance a budget, so Geithner, you can fu** off!!!

[jeremyraybrown]

Geithner has never worked in the private sector. The private sector is where the founders intended economic growth to be. The government is a financial failure and is slowly taking over everything. We are in fact doomed with jerks like Geithner in charge. And I am so sick of hearing the phrase "green energy". Where is all this green energy?!?!? I don't see it. Look at green energy stocks, they are worthless. Give me a break! I hate this fu**ing fool!!!

[jeremyraybrown]

Why is it when Geithner speaks, I have a strong urge to punch him in the mouth?!?!?!?

[Ctemple2012]

Oh yeah, how about the tax on food now you fool! You don't care about anything other than your big brother friends...

[Ctemple2012]

What a load of bullshit, he has an agenda to ruin the US economy but hates having to say he's doing the right thing! It's obvious. How about the Amero, how about his bum chums in big banks..

[customstratguy]

We are in SERIOUS trouble!!! This is the beginning of the end of the United States of America. I never thought I`d live to see it, but these men have sold us out!

[jeremyraybrown]

@customstratguy It is sad. Geithner is one of the biggest pieces of sh*t in the world. I hate the guy.

[motorolarules]

"Charley" is an idiot

[Dashkatt]

No, Charley is a liberal democrat! Oh wait, that's the same thing.

[TimothyDonaghue]

>> The second half of the clip shows the IRS

>> chief unable to explain what exactly the top

>> capital gains tax rate is. Watch Charlie Rose

>> laugh and try to cover for the obvious lack of

>> knowledge displayed by this guy.

Firstly, Timothy Geithner knows what capital gains tax is. Secondly, Charlie Rose wasn't trying to cover anything. He was just laughing at Timothy's inability to provide an exact number.

I agree our leaders are lousy. But don't try to make nothing into something.

[ptangboy]

I cannot believe that Geithner sits there smiling while talking about the economy like its all a game!

[darkspeed62]

Did you really need 10 mins of video for what needed to be a 2 min clip (not even)?

[MrSteve125]

He was trying to be broad about the exact new number and Charlie tried a fast one. That's why they laughed. Nice try though.

[motorolarules]

it seems 'money people' use many words as to confuse the simplest of issues and leave us scratching our heads. In fact we are smarter then they are unless we try to play in there game and then, they cheat.

[slvrserfr]

If the government instead educated people to become more confident in investing rather than thinking the stock market is risky (which it only is without control) then our economy would be so much better off and THAT would be fair. It's just like with healthcare, people don't want to be paying for other peoples burdens, prosperity is an individual process and if people can't afford their standard of living, they need to re-evaluate themselves rather than expecting the gov't to pick up the tab.

[slvrserfr]

Of all people, Obama goes to the one person that does NOT benefit from capital gains taxes for advice, Warren Buffett. He has even said, "My favorite time frame for holding a stock is forever." The only reason they haven't raised taxes is because they're waiting for the economy to recover before they start raping investors for the benefit of those that want a free ride. I'm not a rich person, I'm in the same boat as the average American, but even I agree that there are better alternatives.

[vdubs4life1964]

"people borrowed and spent beyond their means"

Ok, How did this happen? Artificially low interest rates maybe?

Noticed when he says "carefully designed".... He stumbles... Because all of this is by design! Thomas Jefferson was right when he said that central banks will own everything and leave the people homeless.

[miket1m]

This no good son of a bitch has something on that scumbag Obama. Thats how he got that position and that how the IRS let him go. Obama looks out for his own interest. You voted for Obama you're a dumb fuck

[ParsleyFoodGroup]

He's not much better than Palin when vs. Couric.

[Voy2378]

Idiot. I want to see Schiff in his place. :)

[johnnyharpe]

Oh my God, these people really don't know what they are doing. He is talking pure gibberish and baby-talk. 2:24

[tummy14]

agreed - these guys are clueless...

[goomba427]

What an incompetent prick. Turbo Tax Cheat Timmy is helping BOBO with his plan to topple the free market.

[vernlaw]

He didn't know exactly what the cap gains was in 01. It was 20%. Before it was 28% Now it's 15% which is the lowest it's been since the depression. (Coincidence?)It's obvious that the capital gains tax being so low was one of the main contributors to this. The definition of a bubble is over investment in assets causing assets to be over priced. In the eighties it made sense to lower upper level taxes to spur investment. Now we need the opposite because there is not enough purchasing power.

[flightlevel66]

Actually, bubbles are caused by the federal reserve flooding the market with cheap money (very low interest rates), which encourage banks to offer lots of debt to consumers at low interest rates. Your argument that capital gains was a main contributor to the bubble is weak at best. We need to spur investment now more than ever. Increasing capital gains (or any tax) now is insane. But Obama and Geithner don't care, their objective is to turn America into Europe-stagnant growth, big government.

[vernlaw]

If your argument rang true all we would have to do is raise interest rates and we would be out of this mess. Another misconception is low interest rates by the fed was resposible for mortgage rates being so low. That's not really the case. The main reason, is the over securitization of the mortgages, by the banks, invetment houses, hedge funds, by fannie and freddie. Companies have enough capacity(investment) the problem is there is no consumer demand. Thus the stimulous.

[jjrglobal]

@vernlaw

Have you ever studied or even given any thought to economics at all? You make zero sense. The MBS's were sold because there were buyers, buyers that didn' t give a damn what lending standards were used because of the government guarantee thru Freddie and Fannie. Interest rates do need to go up. We need to start saving again and quit spending and consuming too much.We need to rebuild our manufacturing base and start exporting again.

[jjrglobal]

@vernlaw

How did a decrease in capital gains taxes cause this crisis?

Thats ridiculous

Why do people think that government spends money wisely? For every dollar they tax, thats a dollar taken out of the private sector, which would have been used for private investment, creating 3 times the amount of money that government spending creates. Taxes for any reason are a burden on all of us, no matter who is paying them. We are running the rich out of this country,they are taking their wealth w/ them

[dance2noise002]

He's weird