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From: TheYoungTurks
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  • Republicans main tactic since Obama was elected has been to undermine any plan or policy he proposes and look for how they can argue against it, and instead of creating ideas and plans of their own they just play with words hoping it's what people want to hear, and "tax cuts' are a prime example of that.

  • this is proof that the republican party has nothing to say and no way to help america. The republican party should and probably will very soon fall apart.

  • How is the aging douche a "Young turk"??? Or is that a typo. Perhaps the young turd? Oh... but he's still not young. I'm stumped.

  • Your Republican party sounds like a tiny, Swedish single issue party.

  • @marcus8374 If only they WERE!!

  • if you tax less then less money goes to the government. thats how going into debt works

  • @lordnuck33 And if you tax more, the gov't spends more. That's how it has always worked. Double taxes and they'd triple the spending and make up more regs to stifle business, thus decreasing revenue. Then they say they need more taxes. It never ends... look at IL. $31B in non-income tax and fee increases for 2010. They pissed away every dime and increased their deficit. So now income taxes have been hiked by 66%.

  • damn, just saw a fiorina ad on your video. gross.

  • Canada hasn't made the tax cuts or smaller goverment stuff the USA has, and was in better shape,until 2006 when the consevatives came in and did so...

    tax cuts DONT WORK!!! we dont sprend less to get more.

  • Republican plan: make sure a black president FAILS!!!!! Rush Limbaugh said it days after Obama was innaugurated. Why Obama and the Dems haven't figured that out is mind boggling. Something radical would have to happen and have someone take someone like Limbaugh out!

  • and here we are in July and Boehner's "fresh new idea" is repeal everything Obama has done so far and keep the Bush tax cuts. That's the progress they've made from when this video was originally posted. They went from "do nothing and cut taxes" to "cut taxes and do nothing".

  • Could this show be any more biased?????

  • It's time America declares war on the GOP and sees them as the domestic enemies of the United States they are.

    It's long over due that righteous Americans wage genocide via democracy (not violence) and vote these useless fucks out of existence.

  • The Young Jerks?? How apropos...

  • I love you man lol, your the fuking GUY! 5/5 a million thumbs up!

  • cenk is just killing here

  • Republicans should be thrown out of politics.. They have no constructive criticisms, they are the party of "No". Mindless idiots.

    Divide the Democrats into two, so we can have an intelligent discussion about tax and spending, balance and budget, military budget, funding for school, health care reform, balance between private and public utilities, etc, etc.

    Republican party is a fuckin joke nowadays.

  • Im sick of the Republicans, they put us in to the mess we are in. Democrates need to grow a backbone and do what is best for the country.

  • Sounds similar to the Conservatives in England. They had no answers, were the worst spenders, giving tax cuts and share options to the top 10% of the population. Look at them now, after 3 terms of the Labour Party, the Conservatives look set to form the next government in the UK. Things change, the population gets complacent, want change and vote ion the old knuckleheads you thought would be permanently in opposition. Do not write off the Republicans

  • I agree they have no real plan for the USA. The Republicans have no real leadership.

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  • and still the wars are expanding:))

    Great heh:))

  • @TheCagedTiger

    Obama hasn't changed shit. lol

  • @MrJahka

    Lol, I didn't realize it was one of the highest rated comments. Yeah, he has folded far too much on many issues, cowering whenever a republican criticizes his choices.

  • Cenk cracks me the fuck up.

  • what a joke...i can name 20 democratic run states that are in the shit hole...what are they doing?

  • and have you heard of any democrates who make stupid proposals like the republicans? I agree with Cenk, America needs a new opposition party, and the republicans are too stupid to oppose the Democrates right now.

  • The Republican party are like the Robin Hood's of the filthy rich. They steal from the middle class. They set up and lock up the poor. While they give and give and give to the rich. All while invoking Jesus and our fore fathers.

    Like all these right wingers up in arms over defending insurance companies right to screw us. Hey, Private insurance companies have the death panels already that turn Grandma's life into a business decision.

    All the Republican's want now is to blockade progress.

  • Does anybody else see the Healthy Americans Against Reforming Medicine ad next to this video? It's really sick to think about because it's the opposite of the liberal ideology of the Young Turks. Anyone who thinks the current health care system is satisfactory is either really greedy or really ignorant.

  • its mind bottling to see how stupid you are to see how those are satire videos by a union

  • It's a joke, it's funny too. Lieterally, they make fun of HAARM.

  • TYT is the shit, rotfl at Repubilcans

  • Republicans are fortunate that there was ANY tax cuts in the stimulus package!

  • MSNBC needs you guys.

  • I love watching this guy.

  • Than Dont watch him, it that easy

  • I agree. Republicans are infamous when it comes to makeing the rich richer, and its because of the rich (many) that we find ourself in the current crisis. Here's an idea, how about adding a tax increase on athlete's. Example: Did Jason Taylor really need an additional $400,000 just for resigning with the Miami Dolphins?

  • Please Read: Her Name is Ms. ANN, on YOUTUBE. It tells the whole story. Listen to James Manning. It will change how you think! Turks are also beyond shit.

  • the opposition they present is to NOT spend the country into oblivioin. Their position is not to spend the future into debt and continue a horrible vicious cycle of spending,

    1:30, tax cuts are the only way to help an economy. Private sector is all that produces. Secondly, giving people their money is a great stimulus. TYT you idiot the deficit would not , even a fucking child who just learned to count knows that.

  • The right-wing obsession with the 2nd amendment hinges on operating as if it is still 1776 when muskets were the most advanced weapons in the world. In 2009 in a post-industrial country with a fully industrialized "first world" military NRA members with household guns won't do jack shit to the federal military but be a moving target with an inferior gun. Your average untrained Billy-Joe Bob with a hunting rifle will only amount to a pesky guerrilla fighter or a suicide bomber to US soldiers.

  • Comment removed

  • "Because everything about "taking away our guns" and all that shit is an irrational fear.

    NOTHING MORE"

    Amen. I'm okay with guns but to be honest they're pretty much useless for self-defense against an industrialized government with an industrialized military. Handguns and hunting shotguns/rifles won't do shit against Humvees, tanks and fighter jets. Or professionally trained US soldiers with body armor, kevlar and advanced assault rifles and urban sniper rifles.

  • Considering we are bogged down in 2 wars with cavemen using Rifles and grenades- I think your theory is void.

  • "Considering we are bogged down in 2 wars with cavemen using Rifles and grenades- I think your theory is void"

    1) We're using relatively few troops.

    2) These "cavemen" are actually using American and Soviet weapons from the 70s and 80s and are rigging roadside bombs and using urban surprise attack strategies. The Republican Guard leftover and al-Qaeda operatives are much more well armed and professionally trained than the average American Joe Blow.

  • He hit the nail right on the head. 100% accurate, a brilliant summarization of the Dumbasses in the GOP. No one could say it better.

  • Hi Guilty Whites! On your knees and bow to your black master!

  • ahahahahahahahahahah!!

  • LoL

  • RepugnaKLANs have no ideas, and what they say makes no sense. The only people who benefit from their plans are the rich, who in turn pay off the politicians for taking care of them. These fools are clueless.....

  • This guy is a moron.

  • Truth hurts,does it not?

  • I would like to present a counter argument.

    In 1925, the United States entered a depression. This depression started off worse than the great depression in terms of stock market losses. The immediate unemployment was about the same as in the crash of 1929.

    Do you know what the government did in response to this crisis?

    Nothing.

    Do you want to know why no one has ever heard of the depression of 1925?

    Because the market fixed itself, and the economy was back on track within a year.

  • Did he say the republicans budget or tax cuts would basically mean bankruptcy? Does that make any sense at all with how much Obamas is racking up the debt?

  • Oh yeah, it makes perfect sense. Obama is making an investment in our country, and the republicans want to continue giving tax cuts to the rich and to companies moving overseas. I love the way these stinking Republicans tell people that tax cuts create jobs while they're giving them to companies to leave. They lie about everything. If we don't create some new industries in this country we're screwed. I don't think the Chinese will be giving us our jobs back anytime soon.

  • My biggest gaffe with the Republican party is jobs going overseas. Obama is making an investment in our country, one that will hurt us more in the long run. Democrats that are informed realize that he will only hurt things democrats like, once repayment on this "investment" begins programs that Democrats like to have will be the first ones to be cut/eliminated.

  • Considering the top 5% of taxpayers in America pay 60% of the taxes, I think you can drop this policy of Robin Hood. Over $250k is obtainable with a college degree. What ambition do I have as a worker if I will be taxed upon reaching a higher standard of living?

    Roosevelt made an investment in our country too. TVA was created, hoover dam- some great projects that benefited entirely. But we didn't get out of the great depression from building infrastructure- we got out of depression by going2war.

  • You got it wrong. The middle class pays the majority of American taxes (in terms of burden):

    msnbc (dot) msn (dot) com/id/ 5689001/

    Most of the upper class pays relatively little taxes and some pay no taxes at all. Most do not pay all their taxes:

    philosophers-stone.typepad (dot) com/ my_weblog/ 2006/ 11/ how _the _rich_ do (dot) html

    Our prosperity was highest from 1940-1985 when the tax rate on the rich was 50-90%. It's been lowered to 35% and our wages have not increased in 3 decades.

  • Seriously, we started cutting tax rates on the rich from 70% down to 35% and what does the average Joe have to show for it? Since the early 80s the average income of the top 5% has quadrupled while the average income of the middle class has gone up only slightly (less than 25%) or stagnated. Working class/blue collar wages have outright dropped. Tax cuts gave us the 1987, 1991, 2001 and 2008 recession and have left us with increasing deficit:

    business.theatlantic (dot) com/ deficit (dot) png

  • Lol @ iivxtii downvoting my rebuttals and offering nothing to say in return. Ain't YouTube great? If you're showed up to be wrong or a lightweight you can carry out the fantasies you have in real life when you're schooled in public - downvote out of sheer spite.

  • I'd like to see your sources for your tax data.

    To answer you question - The higher standard of living seems to be the insentive.

    Didn't we drop a huge tax break to the wealthy under bush ontop of a vast effort to deregulate? Wasn't the start of our economic woes under that administration?

  • "I'd like to see your sources for your tax data"

    Look up tax history:

    taxfoundation (dot) org/blog/show/ 22958 (dot) html

    "Wasn't the start of our economic woes under that administration?"

    It got worse under Bush but technically the working/middle class woes have been building since the late 70s when the rich started paying less taxes and deregulation dropped wages and outsourced jobs. Under Bush it probably reached rocked bottom.

  • the website you posted only shows how much tax was during each presidency. You did not have any information on the state of the economy or national budget during those periods.

    You said that it got better because the rich paid less taxes, but how is that so? The people who make less money are the consumers in a society. Rich people on the other hand like to hold on to their money. The trickle down effect did not work in the past, and nothing shows it working in the future.

  • "You did not have any information on the state of the economy or national budget during those periods"

    thepeoplesvoice (dot) org/ cgi- bin/ blogs/ media/ budget _ deficit _chart (dot) gif

    "You said that it got better because the rich paid less taxes, but how is that so?"

    I said things got WORSE when the rich started paying less taxes.

  • ok, first things first.

    If you saw there in your graph, there was a SURPLUS under Clinton. (Actually rather large). Bush no only brought down the debt on the normal curve, but he actually had to bring down the ENTIRE surplus and still create the largest deficit in our nations history

    The project at the end was only a year long. I'm not saying that Obama's plan is anywhere near perfect, but the purpose is to stimulate. The Reps had no goals larger than cut taxes and corporations will spend more

  • Wow, you guys really aren't getting me. I agree with everything you just said. I was actually making the same argument as you two guys that the Republicans' tax cuts cause deficits, lower living standards and lower economic surpluses.

  • Wow, you are right. I reread that. I am not sure if I was commenting on your post, but had several posts in my head and mixed them with yours.

    Very true though that effects on our economy are caused by decades of work, but i think that people should think that if the right are paying less in taxes, they are probably also getting other legislation pushed through that may not be good for the overall economy.

  • continued from first...

    I agree with the stimulating of the economy with creating a new infrastructure (which is one of their jobs) and create incentives to push the economy into a new direction (green movement). I do not agree with the bailouts because these are obviously flawed companies, and their business models do not need to live on.

    Secondly, thank you for the correction. I misspoke. "You said that it got WORSE because the rich paid less taxes, but how is that so?"

  • You got it right Cenk, if it keeps going like this, the Rep's'll dissolve and the Democrats'll split. That's the way our political system's worked in the past; when one party gets too out of touch the other crushes them and splits. It's happened before and it'll happen again, and it's not like the Dems are a solid, cohesive, and organized party by a long shot. We've had a lot of major political parties before the current 2, but has anyone seen an anti-federalist or a Whig in office recently?

  • Military spending is government spending too. Since when are republicans so high and mighty about spending?

  • I would just like to point out that I am a socialist, and I own 4 guns.

    Nobody has tried to take them from me.

    And they won't.

    Because everything about "taking away our guns" and all that shit is an irrational fear.

    NOTHING MORE.

    On top of that, where the fuck do you people get these ideas?

    Also, why are we talking about gun control laws on a video about irrational tax cuts?

  • have you been to any gun shop lately? try and find any self-loading rifle or a box of the most commonly used ammo calibers.

    I see the setup coming now: mass shootings and US weapons allegedly being used in Mexican drug wars means the govt will institute some sort of gun ban.

    its only a matter of when. it doesn't help that obama himself is anti-gun, and so are a lot of his high ranking cabinet members.

  • Listen. I'm sure you are safe with a gun. And a lot of others too. But as a people, we have HUGE issues because of this way too liberal gun law.

    I mean, if there where no traffic limits, I would do FINE. Yes I would probably drive a little faster on the highway, but other than that I would use my head and drive safe.

    But I understand that abandoning traffic rules will be madness for the traffic as a whole. Because there is a lot of people who need rules to...function in a safe manner.

    Agree?

  • What the hell....An American socialist? I though socialists where eaten alive "over there".

    Anyway, I'm a socialist too, or what the hell you call the stuff we have in Europe:)

    Also I agree and both your point on irrational fear, and it not being on topic :P

    Greetings from Norway.

  • socialism is great when over 45% of your GDP is attributed to Oil. Other than that- I don't like handouts.

  • Oh good, just what we need: another talking head organization to perpetuate the misunderstanding of American politics.

    Way to go with trying to justify the trillion dollar bailout, too. I really hope nobody takes this shit seriously.

  • Tax cuts? You mean those same tax cuts that got us into this mess? You see, I understand the conservative viewpoint on why tax cuts COULD work: more money for us to spend, more immediate money in my pocket on my next paycheck, etc. But we've already HAD those tax cuts for 8 years. They did NOT work. Since tax cuts didn't work, then what ELSE is there left to do?

    You know what Republican party? Let me just shoot myself in the foot for you, cos that's what you're doing for yourselves anyway.

  • Can't, democrats took away your gun.

  • Since Obama got in office, when did democrats take our gun?

  • the commies and liberals are coming for your glock

  • lol that was a joke right?

  • You idiot thats exactly what we should do! What when you spend TRILLIONS of dollars you get it all back!?!? NO!!!!! But when you cut taxes the people KEEP their money and guess what when REAGAN did it it WORKED DUMBASS STFU!!

  • Reagan's tax cuts were only part of the equation. The other part should have been to reduce spending. Reagan was like any other president......spend, spend, spend. Reagan did not worship at the alter of globalization ...revenues stayed in the US.

  • By the way, dangerouslytalented, you are dangerously ill informed!!!

  • It's difficult to understand why the simple concept of personal freedom is so distasteful to you folks on the left. The more you are taxed, the less control you have over your own life...and the more the government has control over your life. That's why people flee such oppressive governments!!! It is also more efficient economically...such that the one earning the money decides on how it should be spent...what goods and services to buy or what charities to give to...NOT the government!!!

  • Cut taxes for every one - we are running in the wrong direction ( led by previous admiunstration)

    CUT SPENDING!

  • Cutting taxes will do nothing, as people, regular people, will simply put the money in the bank, and the economy needs to be stimulated. Put in the right places, given to the right people in exchange for services, people who would otherwise be unemployed, and THIS money will circulate and stimulate the economy, not simple tax cuts or Bush's cheques to every American.

  • Dear Dangerous: Cutting taxes is letting the people rather then the government decide what to do with their money.

    I dont want the government to piddle it away -

    If you want pay extra taxes, please do. No one is stopping you from sending a lot more money back to the government then the minimum required - if you are unwilling to send extra - then stop being a hypocrit and wanting others to do what you won't do.

  • That is the Far Right's answer to everything, good economy? cut taxes. Budget surplus? cut taxes. Bad economy? cut taxes. Budget deficit? cut taxes. Result: As a percentage of GDP, the US is paying the lowest taxes on the planet, yet still has half of the globe's military spending. Something has to give. Result? Inflation, reduction of government services. Here In Australia, taxes are higher, but the recession has not kicked in nearly as severely.

  • Tax cuts are good,

    government Spending cuts are better. - Bush screwed it up doubling the debt in 8 years, Obama is much worse doubling it again in 1 year.

    The idiot mantra out of DC boils down to:

    We will borrow our way out of debt.

    Where Does the money come from? -

    The FED (Federal 'Reserve' Bank) and thin air.

    It is called inflation - it hurts the poor the most and makes the middle class poor.

  • as of 2007 our tax % of GDP was around 28% which is low but not the lowest, and you better believe that number will take a huge increase once Obama's tax increases come into affect, and we spend a little more than a 1/3 of global military spending, which is still too much

  • Comment removed

  • tax cuts put the spending in the hands of the people rather than the hands of the government, tax cuts wont create a larger deficit as long as you cut the size of government programs, if you put more money in the hands of the people you would need less money for welfare, unemployment, and med ins programs

  • The people have stopped spending, as the financial institutions have been behaving recklessly. This lawless behavior has destroyed the economy, creating MORE need for welfare, unemployment and medical insurance.

  • dt, Carter, Clinton and Dems in Congress screwed up the economy by pretending to run Fannie and Freddie. Financial Institutions are confused by what Obama and the Dems in Congress are doing to tank the economy even further. C&C& DemCongress authored the irresponsible behavior trying to put folk who can't pay in houses. What'd you think was going to be the outcome. There's no money for welfare, except to steal it from our kids, g-kids, g-g-kids. We're thieves.

  • Who was in charge of Congress for last part of the Clinton administration? Republicans. Who was in charge of Congress for most of the Bush administration and the Reagan and other Bush administration? Republicans. Who were in the Whitehouse for twenty of the last twenty eight years? Republicans. Dont blame the guy in the passenger street for crashing straight into a tree.Fannie/freddie are a small part of today's economic meltdown.They were the canaries in the coalmine.The coalmine is collapsing.

  • dt, as I have told others, the republican can go to hell for their abuses, but it does NOT excuse Obama and the Democrats for what they are doing now. Govt managed socialism ALWAYS screws the people. Hitler did it in Germany. Lenin did it in Russia. Castro, Chavez... they all are the same- power thieves, stealing sovereignty from the people to hold for themselves. I don't mind a one world govt based on the Constitution (ROL), sovereignty of the people and the free flow of money to the people.

  • without opposition you have a fascist state, why are democrats so scared of an opposing voice?

  • Obama is clearly not afraid of opposing voices. It is just that the opposing voices have been silenced, not by him, but by the fact that the American people have revolted against the Republicans, after 8 years of mismanagement.

  • The Democrats aren't scared of opposition, its apart of politics. Like everyone eles, their probably tired of the republicans acting like 3yr olds! They created this mess, have no clue how to fix it, & want to complain because their out of power! You silly people want to blame everyone, except those responsible! Are you really shocked that nobody cares what they want or think, after the last administration?!

  • ok sure, Bush was the greatest fiscal socialist until Obama came along, and now Obama is continuing the same fiscal policies that Bush brought into office, if you are so upset at Bush and the Republicans you should be even more upset at Obama for continuing more of the same by dwarfing Bush and his spending.

  • and if the Dems were so concerned about the source of the problem they would focus on spending less...but rather they use Republicans as an excuse for why we are doing so bad right now, lets all focus on a solution instead of playing the blame game

  • Bush wasnt really a fiscal socialist. He took public money and gave it to his corporate buddies, and when certain corporations failed, he gave them more money no questions asked.

  • First off he didn't take anyones money, he let the corporations keep more of what they earn.  The word socialism in this case relates not to the economic system of socialism itself, but rather to massive government spending and the huge expansion of government. By definition he was a fiscal socialist.

  • What do you expect the Obama administration to do, sit on their thumbs?! They have to get things back on track, which means stimulating the economy! Their not planning wars, or blowing money on nonsense. Had Bush fixed his own mess it wouldn't be an issue, would it?!

  • DONEwCA, (marked as a spammer) You are citing WORLDNETDAILY as a viable source? I have seen their site. They think there is oil in Israel, that we are all going be raptured, They are LOONIES.

    And as for Obama being indicted by a "common law Grand Jury" That does not actually mean much at all. After Iraq, Bush was being indicted every other week in one juristiction or another. This kind of indictment does not actually mean squat.

  • this is your best video to date...great points!

  • Yeah you are in debt and your solution is to spend more money and discourage business...This fat left wing bastard reminds me of something out of "the man show" ...He is so stupid it's not even funny....He can't even go back to Turkey because they don't like libs over there.What a sorry state of affairs...

  • The reason the deficits are so high is because Republicans want to run the warfare state while Democrats want to run the welfare state. They have compromised and we have both. The solution is not to give these politicians more power over the economy and our lives. Look at their wonderful track record in the past. Look where they have taken us. The solution is to cut the government down to its Constitutional role and give the power back to the people.

  • Here now, "maytruthabound"..you go ahead and resist all you want to. But remember a few things. Your heroes lost last November. And on top of that, they didn't just lose, but they got their asses kicked. Your party's ideas didn't work. And you can put away all the scare-mongering about communism and socialism and the Gulag and images of the Iron Curtain and Lenin and Marx, because none of you repubs would know the difference between Karl and Groucho anyway. BWAHAHAHAHA!

  • madeline, your answer to maytruthabound shows an extreme lack of understanding. Congressional republicans can go to hell for their failures to represent the People. Yet their foolishness does not justify Obama's actions, nor the Dem Party's. They are clearly hi-jacking sovereignty from the People, thus creating an eventual communist state. They may not yet be as bloody as Lenin or as in your face as Hitler but their goal is the same, an Oligarchy, including a lack of goods as a way to control US

  • It is a good point someone made that taxation didn't cause the economic crisis. However it is true that the actions of those conservatives want to cut taxes on did.

    But I think the main point here is that the republicans have absolutely no ideas whatsoever on how to GET OUT of it and would instead have the entire country crater down the sinkhole and become a third world wasteland.

  • Let's just lay down and let Obama turn this country into a communist dictatorship! Is that what you want Cent?

  • The Nazis would have loved this guy for paving the way to Nazism. There is a reason we resist! It's the right thing to do!

  • Hey "maytruthabound" Communism or Nazism, they are not the same thing. Saying that Obama is paving the way for BOTH communism and Nazism simply shows that you are ignorant of what both communism and nazism are.

  • Nazism (Socialism) leads to Communism. Both are Oligarchies. Obama wants a one party rule (Socialist Democracy) that leads to govt control of the tools of production (Communism). By creating the economic crisis he has set the stage for both. His way ends our Republic, rule of Law, therefore the Constitution, and takes sovereignty from the People to give to the few in govt. maytruthabound is right on.

  • A) Nazism does not lead to communism. They feed off each other, until one wipes the other out. Obama GOT a one party rule, because the Republicans self destructed. He is still trying to be bipartisan though. Obama is trying to move to greater social justice like in Britain, Australia and France. They are not communist countries are they?

  • Tax cuts! Yay. Let's all have tax cuts. Let's cut taxes on the wealthy. Yay... And then how are we going to pay for.... anything??????????  No kidding about the deficit. That is so so so STUPID!

  • 3.9 Trillion  great job Obama

  • Here's a heads-up for you:

    Wearing an earpiece is not the same as "[h]aving notes for presentations."

    How many high school teachers do you know who let their students wear earpieces while giving their five-minute presentations?

  • Encyclopeepee:

    What are "clip clips"?

    It's always hilarious seeing somebody write something idiotic when calling someone else an idiot.

    That's why I love your reply.

    Oh, yeah. . .idiot. (Almost forgot the name-calling.)

  • It's called people who have no substance behind their arguments have to stretch for minor grammatical errors.

  • "It's called people. . ."

    What is?

    Here's the question again: What are "clip clips"?

    Plural.

    To make any sort of sense whatsoever, you should have at least started your witty reply with, "They're called people. . ."

    You can't write a single sentence without looking like a moron.

    Hilarious. I'm getting emails from a moron.

  • Once again you prove how useless you are. You have absolutely no substance whatsoever, rather you seem content to jump on minor grammatical errors as if that proves your GOP talking points right.

    Look, you're a conservative troll, and an asshole, we get it. Congratulations, you do an excellent job of trolling and writing useless bullshit. I'll be sure to send you a medal in the mail to congratulate you!

  • Lol, I couldn't agree more.

  • Bush's tax cuts did not cause this economic crisis Cenk.

  • I get that Ecw is joking only from seeing his Pro-Obama profile. But seriously who can tell the satire from the looney-toons in this day and age. It was just as equally likely that he was wingnut Limbaugh listener.

  • Has Obama helped his brother, George in Kenya, who lives on less than a dollar a day or his Kenyan Aunt who lives in a slum? Obama is wealthy correct? Has Biden given more than $300 to charity since becoming vice-president? Until then stop preaching to me how much liberal democrats love poor people!

  • It is of course more complicated than that

  • Well how would rich people save? Normally it would be in the form of investment. This part helps to create jobs as well. I'm not saying that the poor shouldn't have tax cuts but I think everyone should have tax cuts. This on top of other stimulus actions.

  • Rich people already know how to save, hence why they're rich. We're not talking middle class families here, we're talking the people who bring in 100k+. Rich people don't create jobs as much as the average worker. We create the demand, rich people only supply the means for mass production but jobs would be created with or without them. Tax cuts to the poorest is beneficial because they will spend everything they have, they don't save. When the economy is in a slump, we need spenders, not savers.

  • On top of that, all the extra saving people are doing right now isn't helping because businesses are too scared to invest in new projects and banks aren't making loans. Saving is good when the economy is good but right now we need spenders to create demand. So all that money people are putting away instead of spending is helping no one.

  • Great points, 0Neish0.

    You clarified some things for me that I was skeptical about.

  • Generally rich people save by storing it in some offshore haven. There is little evidence that upper class lead to economic growth, although there might be evidence that lower class tax cuts do work. If poor people have money they spend it.

  • Rich people invest where? Bear Stearns. Madoff. IAG. They are pulling OUT of businnesses that employ people, like GM. GM would have been EASILY able to raise capital to get themselves out of the hole if the rich were interested in creating or keeping jobs and actually making things.

  • And i think this was a part of the culture. The financial industry kept promising better and better returns on investment which were truly unrealistic. Perhaps rich people will start learning to invest in real things again...one hopes

  • Very quickly now, the GOP will become a footnote in the political history of the USA, like the Whigs and Federalists before them.

    Time for the rise of a "third" party to take its place.

    Libertarians anyone?

  • exactly. the GOP has rendered itself as an incompetent party and for them to continue with the same policies they had subscribed for the past 8 years they would absolutely render themselves irrelevent to the american public.

    the GOP can not maintain the reaganomics principles whilst touting themselves as the liberators and 'democracy exporters' without bankrupting america .

  • but wait. US wont go bankrupt ,thats what the invasion of iraq was all about. to secure resources to finance future excessive greeds and war efforts of the GOP.

    jeb bush for president

  • This is a fricken great clip.

  • The American tax take is already the lowest worldwide when calculated as a percentage of GDP. Paying for the world's largest military as well as the rest of the US government with this low tax take is what has gotten the US government into such collossal debt.

  • Sherman- WAR IS HELL !  That's true on sooo many levels. I'm for the FAIR TAX and Govt living in a budget, like I have to do. Govt is way too big. Cut it. Gut it.

    What Obama is doing is criminal. Only govt can be sooo irresponsible. Its past time to clean up govt. Reverse Congress's self-enrichment- seize bank accts, assets, and off shore hidey holes. Put it all back into the treasury to repay the debt they made against the wishes of the people.

  • Can you explain this fair tax that you are talking about?

  • In a nutshell the Fair Tax is a tax on consumer goods, not on income. Everyone then pays to support the nation. It remain proportional as the rich buy things, businesses buy things, and so they will still pay the big bucks. Texas does okay with its consumer tax.