House Of Lies: How Congress Failed To Protect Our Economy. Obama Bombshell

An informative look at who fought to prevent the subprime mortgage meltdown with tighter regulations, and who did not.

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[Radetzky19]

@SuperNache Cutting alone does not produce revenue, that is why our credit went down. Yeah those places that have jobs are never in as much economic turmoil because they have less economic disparity! The top 10% in those countries do not hold almost 50% of the wealth!!!! wake up! Europe is in crisis for a whole different reason, one of which they need a central bank. Cutting alone does not attribute to growth, we became the world hegemon by spendng 120% of our GDP, not by cutting it.

[SuperNache]

@Bioscilentist budget cuts and deregulation necessary for increasing economic growth. Also, those places you talked about where everyone is happy and there are jobs, they are in just as much economic turmoil as we are. more so. Watch the news. European markets are volatile as hell. The countries who have cut their budget and imposed loose regulatory policy as a result have recovered much better than other. Same with the states here in the US.

[SuperNache]

@Radetzky19 wow you are the one that's pathetic. You come up with arguments that have nothing to do with the subject like differences in wages means we should tax certain people more. I show you an economic proof called dead weight loss, and you say it's a dead beat counter. I explain to you that nomatter what the tax rates have been, we always get 18%GDP in revenue and yet you still believe raising taxes will pay down the deficit. The only thing that's ever paid down a deficit were budgetcuts

[Radetzky19]

@SuperNache Again, a deadbeat counter.. I've been to so-called "scary places" that you would dread where there are higher taxes and ppl are actually happier and THERE ARE JOBS. I love when right wingers automatically say that when there are higher taxes. there are less jobs. Sorry, economics doesnt work that way. You still have yet to dispute what I said before, esp when I used conservative sources. GET LOST YOU TROLL. YOU ARE PATHETIC

[SuperNache]

@Radetzky19 search "Dead Weight Loss." you'll see how raising taxes raises prices, lowers demand, lowers supply, which means you don't need as much labor to produce enough to meed the demand. The rise in taxes on corporations and business owners is shared by the consumer and effects employment. Raising taxes on the rich screws everybody.

[Radetzky19]

@SuperNache ...it is a very interesting finding. You say that if I tax the rich enough they will just retire? Under your extreme view thinking I want to tax the hell out of them, wouldnt I prevent them from retiring seeing as I'm "taking more of their money"? Some continuity would suit you well sir. Not only that, but thats a very bold and general claim..you do not really meet your burden of proof on that one..def does not seem plausible.Again, stop using the straw man and sayingIhaterichpl

[Radetzky19]

@SuperNache No sir, again you resort to the typical right wing straw man approach which is extreme; in your mind theres only two ways of taxing: a) dont tax the rich and b) or tax the hell out of them. There is a middle ground you know -_-. Actually, according to ronald reagans former budget directory if you taxed the top 5% of households at a marginal rate of 15% that would actually get rid of half the deficit (top 5% net worth of over 40 trillion). Doesnt mean that we should but...

[SuperNache]

@Radetzky19 So your answer would be to tax the hell out of the rich? First, you could take 100% taxes out of all the millionare and billionares and you wouldn't cover the deficit for a year. Also, raise the taxes enough, and the rich will just retire. the only ones who'd be effected are the smaller business owners who may make a lot of money but use most of it to hire people and grow their company. You're idea would ruin the country and wouldn't do jack against the people you hate so much.

[Radetzky19]

@SuperNache No I dont have a problem with ppl making money.. HOW UNEDUCATED AND STUPID CAN YOU GET. We ahve a wage problem in this country. Wages have been stagnant since the 80s and has not increased with the inflation rate. You apparently are ok with corps paying ppl shit when it is the consumer that creates jobs not frickin rich ppl you dope! We should look at wealthy ppl as role models? LOLOLOL You are so frickin stupid !!! hahaha wow ignorance is bliss thats for sure. Bye bye troll!

[Radetzky19]

@SuperNache yeah right, lets make ourselves even more less of a first world country and have one flat tax rateLOLOL. You are way too ideological which we do not need right now. We need practical solutions, not absolute, hypothetical and overly idealistic solutions. Be gone troll