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RamboLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 06:26 PM
Original message
Obama Calls for 'Grand Bargain' on Economy: 'Everybody's Going to Have to Give'
Source: ABC News

In my exclusive interview with Barack Obama airing tomorrow on This Week, the president-elect told me that fixing our economy over the long term will require sacrifice from every American and scaling back some of his campaign promises.

"Our challenge is going to be identifying what works and putting more money into that, eliminating things that don’t work, and making things that we have more efficient. But I’m not suggesting, George, I want to be realistic here, not everything that we talked about during the campaign are we going to be able to do on the pace we had hoped," Obama told me in his first interview since arriving back in Washington, DC as president-elect.

-----

"And when will that get done?" I asked.

"Well, right now, I’m focused on a pretty heavy lift, which is making sure we get that reinvestment and recovery package in place. But what you described is exactly what we’re going to have to do. What we have to do is to take a look at our structural deficit, how are we paying for government? What are we getting for it? And how do we make the system more efficient?"

"And eventually sacrifice from everyone?" I asked.

"Everybody’s going to have to give. Everybody’s going to have to have some skin in the game," Obama said.



Read more: http://blogs.abcnews.com/george/2009/01/obama-calls-for.html
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Faygo Kid Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 06:28 PM
Response to Original message
1. A president engaged and telling the truth. What a concept.
I can't believe we have to wait until a week from Tuesday to rid ourselves of the filth that is George W. Bush. What a legacy he has left us.
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Baby Snooks Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 07:14 PM
Response to Reply #1
13. Or until a week from Wednesday...
Edited on Sat Jan-10-09 07:16 PM by Baby Snooks
It might have been nice to have waited until at least the day after he was inaugurated to discover this new president of ours who is "engaged and telling the truth."

As for the truth, well, the truth is there will be no change and those who have the most will sacrifice the least and those who have the least will sacrifice the most. The same old, same old.

But let's be realistic. What on earth would happen to this country if the CEOs had to forego more taxpayer-funded bonuses this year? Not to mention all the cronies of the politicians in our state capitols who will get the contracts for the "infrastructure improvement projects" and who are already dividing the next $750 billion among themselves. Why, the economy might collapse. Their economy anyway.

Our economy already collapsed. But we do have $500 coming. Maybe.
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terisan Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 11:21 PM
Response to Reply #13
36. Sign me up for the people's non violent revolution. I have had enough of the bs.
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rangersmith82 Donating Member (274 posts) Send PM | Profile | Ignore Sun Jan-11-09 05:00 PM
Response to Reply #36
79. The big spenders get millions so the CEOs can get...
big vacations, bonuses etc...???

Now they want me with my 50k a year job with 4 kids to feed to sacrifice....

fuck that!!! make the big cooperations sacrifice some of their millions, and help me out.
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SlowDownFast Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 03:51 AM
Response to Reply #13
46. Hear, hear!
If he's going to "scale back" on "some" of his campaign promises because of this economic downturn, that means that as little as 6 months or more ago Obama either knew SQUAT about what was coming down the pike or he was outright lying to get elected.

Either way, it churns my stomach.
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 04:45 AM
Response to Reply #46
54. Less than six months ago; and your point is EXCELLENT!
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SomeGuyInEagan Donating Member (872 posts) Send PM | Profile | Ignore Sun Jan-11-09 09:31 PM
Response to Reply #46
113. If he is, your point is spot on (as Thom Hartmann would say)
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Double T Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 06:33 PM
Response to Original message
2. "Everybody’s going to have to have some skin in the game,"
mmmmmmm......do I smell tax increases or is it just my imagination. Appears every Democratic President that follows a bush presidency is forced to increase taxes to cover the deficits.
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ikojo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 06:36 PM
Response to Reply #2
4. Working class people have been giving
for years. It's time for the upper middle class and rich to sacrifice.
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DJ13 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 06:41 PM
Response to Reply #4
5. I have no more to give Mr. President
My wife and I already in the bottom income group, and things are getting kinda desperate here.
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ikojo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 06:47 PM
Response to Reply #5
7. I concur...nothing more to give
Pretty broke myself.

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Zavulon Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 01:19 AM
Response to Reply #7
41. Another one here.
I'm hoping for the middle-class tax cut promised to us, but I said in these forums quite some time ago that there wouldn't be one. If I can just not have my taxes increased, I'll be happy. If I have to withstand a significant tax increase, I'm in deep shit.
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ikojo Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 10:08 AM
Response to Reply #41
65. The most regressive taxes are the payroll tax
and sales tax. St Louis City has a high sales tax. I prefer to shop in St Louis County where the sales tax is lower.
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Overseas Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 05:44 PM
Response to Reply #65
85. I want the cap on payroll taxes removed.
So unfair to stop payroll taxes at 100K.
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CrazyLate Donating Member (54 posts) Send PM | Profile | Ignore Sun Jan-11-09 10:07 PM
Response to Reply #85
116. That's not what is unfair about social security
considering the benefits cap at 100k as well.

Social Security is evil for two or so big reasons:

1) it's a ponzi scheme not unlike the one Maddoff got arrested for, except the government is running it instead of a corrupt billionaire. If you are a relatively young worker, don't count on the system being solvent by the time your ready for retirement.
2) the benefits kick in such a way that it excludes a large number of minorities that have paid into the system. Full SS benefits for a person born after 1960 kick in at age 67...life expectancy for black males in 1993 was 65 years. White males, 72.

But, of course, it's not just minorities. The poor don't live as long as the wealthy, for a litany of reasons (poor lifestyle choices, less equitable access to quality health care, etc). The tragedy (or scam, if you prefer) isn't that the rich don't have to pay taxes after 100,000, it's that the poor, by and large (unless they are disabled), WILL, ON AGGREGATE, NEVER COLLECT SOCIAL SECURITY in any significant amount...because they will be dead or dying off rapidly.
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davekriss Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 09:11 AM
Response to Reply #116
126. Ars longa, vita brevis est
Life is so short yet the right-wing memes still come flying in. O well, here I go again...

Social Security is fiscally sound, it is the general budget that is in crisis. And why is the general budget in crisis? Two GWB tax cuts that primarily benefitted the top 1%, cost $2 trillion by 2010. One immoral, illegal, and unnecessary war in Iraq, cost $1.2 trillion. One unregulated economy so we see again the collapse that follows the excesses of the Guilded Age and Roaring Twenties, costs $10 trillion in evaporated wealth. Shock Doctrined, post-collapse benefits to the financial elites on Wall Street, cost $700 billion plus $8 trillion in taxpayer-backed loans by the Federal Reserve. Take all these and more and presto we have a crisis in the general budget.

Social Security meanwhile continues yearly to generate a surplus. The surplus is invested in Special U.S. Treasury Bonds. The yearly surplus was Greenspan's idea in 1983, so we've been building this surplus for many years. It will reach $2 trillion at its peak. That surplus will pay for full benefits until, depending on which conservative economic assumptions you adopt, either 2042, 2052, or through the entire planning period ending in 2075.

If GDP grows at 1.8% over this period (as opposed to its historical average of nearly 3%), then the social security "crisis" begins in 2042; if GDP creeps up to 2.5%, then the crisis begins in 2052; if it creeps up to its historical average, then there is no crisis and in fact benefits can be increased along the way.

So all this talk about reining in "entitlement spending" (as if, by inserting the word "entitlement" ahead of "spending" it is somehow morally diminished) is a ruse, a shell game played by elites to save their financial position on the backs of everyday Americans. Don't fall for it! If too many younger Americans drink the kool-aid, then yes indeed they will steal the trust fund for their own benefit.

There are problems once we need to start redeeming bonds from the trust fund to meet payment obligations. If you take that $2 trillion surplus, ignore the 2% interest paid on the bonds, and assume straight line redemptions, then if you assume a GDP of 1.8% this will require raising an additional $80 billion in general revenue each year. If you assume a GDP of 2.5%, then only $60 billion will be required. Not much in a general budget topping $2 trillio yearly.

Cutting benefits as a way to trim this incremental commitment amounts to defaulting on the Special U.S. Treasury Bonds purchased all these years with real cash extracted from our paychecks. These Bonds are just as real as the Treasury Bonds sold to the Chinese and Japaneses, to the Royal Family in Saudi Arabia, to the top 1% of Americans who own 68% of all the Bonds sold. Why default on Bonds held in trust for everyday American people and not those held by financial elites around the world? The answer is because it is easy. We rarely bite. We drink the kool-aid and settle into our comfy sofas to watch the latest episodes of "reality" TV. We are anesthesized into inaction, hypnotized into dry sponges, asleep with eyes open, exceedingly ready to absorb right-wing memes that enable the already advantaged to take further advantage.

Perhaps instead we insist that our government raise the $60 - $80 billion in additional funds -- STARTING in 2019 -- by raising the top marhinal FIT rate to 50%, by reducing the exemption of the estate tax to $1 million, by reining in some of the 750+ military garrisons we maintain around the world. We spend $650+ billion on the military, HSA, and myriad security programs (e.g., the CIA, DIA, etc.). Can $60 to $80 billion starting in 2019 be found somewhere in that fat budget?

So I don't believe for a second that we can't continue Social Security as now planned. You shouldn't believe otherwise, too. It has been and should be the third rail in American politics, even for newly elected Democratic Presidents.

The demographic challenges by class and raise are other matters (interesting to me because I haven't thought of it that way) and tell me we should also insist on a reduction of the retirement age, not elimination of the program.

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CrazyLate Donating Member (54 posts) Send PM | Profile | Ignore Mon Jan-12-09 11:32 AM
Response to Reply #126
130. Didn't know math was a right-wing meme
You mention a lot of ways to get "there" (solvency) from here. Problem is, we haven't taken any of those steps. Ever. People have been talking about the impending insolvency of Social Security since the 1970s. The end date hasn't really changed because every government has looked at the date and said "that's far enough away where I don't have to worry about it". And in the meantime, since implementing programs that our grandchildren will have to pay for is so popular, let's add a few more to the books.

Yeah, cutting social spending is a right-wing meme, but fiscal responsibility isn't. As America is finding out, financing your lifestyle with debt isn't sustainable in the long run. There is no Social Security trust fund sitting idly by for the day we start withdrawing to pay out benefits to retirees and the disabled. It's been looted to pay for guns, bombs, Federal prisons, and prescription drugs for the elderly (nice program, would've been nicer if they would've allocated money & taxes to pay for it).

I'm not saying we should cut Social Security or privatize it or increase the age at which benefits start. If anything, I think we should lower the age so that minorities and the unhealthy poor aren't unfairly discriminated against when it comes to the collection of benefits. But, as a thirty-something year old, I have no expectation that Social Security will be around or that the benefits will match current promises in 33 years when I'm set to receive full nominal benefits.

Now, where the latent right-winger in me (just kidding mods!) does come out is Medicaid and Medicare. These are financial ticking time bombs. Unfunded liabilities approaching $70 trillion, and benefits growing 3 times faster than inflation. We can't really tax our way out of it (technically we can, but we would have needed to have started oh, like 5 years ago). This is one of the critical reasons why we need single payer or socialized medicine. Our current government system is insolvent (by GAAP standards) and provides substandard quality and coverage vis-a-vis socialized medical programs in Europe or Japan.
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davekriss Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 12:27 PM
Response to Reply #130
135. There is a very geniune problem with Medicare funding
However I gave you the math for Social Security. Social Security is solvent, using very conservative (pessimistic) assumptions, until 2042 (1.8% GDP growth per year). Bump up those assumptions just a bit, to 2.5%, then Social Security is solvent to 2052. If we do nothing, and the pessimistic ecomonic assumptions hold, we can still pay benefits on a pay-go basis at 70% after exhaustion of the Trust Fund, and that's in around 30-40+ years. Hardly seems like a crisis to me. Yet the rightwing would have us believe it's in crisis.

Medicare is geniunely a different problem. I am 150% behind your call for single-payer universal healthcare (for many reasons, not just fiscal). It will markedly improve the delivery efficiency of healthcare to all Americans, not just the lucky who can afford it.

There is a crisis in the general budget, but NOT because of Social Security. Rather it is because GWB, just ahead of the retiring baby-boomers, decided irresponsibly to gut the Treasury. His two major tax cuts cost our Treasury $2 trillion (by 2010). That's just short of the projected shortfall of social security funds in the period after the Trust Fund is exhausted (2042-2052 to 2075). It also happens to match what the Trust Fund will peak at ($2 trillion by 2019). So if GWB just chose to leave the Clinton tax rates alone, we would have had more than enough tax revenue by 2010 to redeem the entirety of the Trust Fund through 2042-2052. Instead a political decision was made that benefitted a few (the top 1%) at the cost of many. And add to that the costs of the unnecessary Iraq War and the destruction of value inherent in the policy decisions to further retrench regulation. We have a crisis, but it is in the system outside of Social Security.

Yes, our current government system is insolvent by GAAP standards (as you say). However, solving the general budget crisis by failing to meet the obligations represented by the Special Treasury Bonds of the Trust Fund amounts to selective theft. If the U.S. is going to default, then default on all Bonds, not just those held in trust for everyday American people. If the U.S. is going down (if we are past the point of no return), then make sure we go down on top of the shoulders of those responsible for gutting the American system. Raise top marginal FIT rates to 90%, tax all inherited estates above $1 million at 90%, increase corporate taxes to the same share of overall revenue evidenced in the fifties and sixties, close 90% of the military garrisons around the world and slash the military budget -- etc. etc. -- don't renege (certainly don't just renege) on the obligations of Social Security, the most popular government program there ever was.

There is a tendency for what we firmly believe to come to pass in actual life, so if your generation (33 years away from retirement) believes there will be no social security for you, then there probably won't. It will be because you didn't maintain the pressure on our political system to maintain this program that has kept generations of people out of destitution, and kept others relatively comfortable in retirement. There are many things we as a society can decide to do for ourselves; this is one of the better ones. But relax and, poof, it is gone. It is an intergenerational choice. We have the power.

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CrazyLate Donating Member (54 posts) Send PM | Profile | Ignore Mon Jan-12-09 12:51 PM
Response to Reply #135
138. The only quibble I have with your numbers
Is economic growth projections. I'm in the "overcapacity funded by debt" camp which views our current little financial crisis in terms of a depression, not a recession. I think we are in for a rough 5 to 10 years, and the government is going to be forced to step in and spend like crazy to keep things afloat.
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davekriss Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 04:20 AM
Response to Reply #138
149. Understood
And the milestone dates I've been throughing around are fluid, have changed over the last 20 years cof commentary, they are not fixed by any means. However, to date the changes have been beneficial; the need to draw down the Trust Fund and the date where the Fund is exhausted have consistently been revise out in time. Perhaps the impact of the Great Depression II will draw those dates in a little.
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wordpix Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-14-09 09:02 AM
Response to Reply #149
167. we're done giving for the last 8 yrs. while the fat cats just got $350 billion, no strings attached
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toopers Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 12:06 PM
Response to Reply #65
131. Why is the sales tax regressive?
EOM
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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 12:11 PM
Response to Reply #131
132. Because it eats up a larger percentage of lower income persons' money
This is because lower income people tend to spend most of their income on necessaries which are subject to the tax.
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toopers Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 12:31 PM
Response to Reply #132
136. Yes, but I would rather get all of my paycheck . . .
and decide what I want to "pay taxes" on. I get to manipulate my money, not the government. I see that as progressive.
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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 12:37 PM
Response to Reply #136
137. No, I'm sorry, but you're confused.
Most lower income persons have little to no Federal Income Tax liability, at any rate.

"and decide what I want to "pay taxes" on. "

The decision to eat or not eat, for example, won't be affected by such a calculus.
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toopers Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 12:58 PM
Response to Reply #137
139. Sorry, you are confused.
The current plan that has been introduced would send every person/family a check each month for basic monthly expenses, like food and clothes. So the decision of whether to eat or not is a non-issue. There would still be a decision of what to eat and what to wear, but that is a much different decision.
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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 01:03 PM
Response to Reply #139
140. Er, what? "The current plan...would send every person...a check each month."
I expect I am confused. To which "current plan" do you refer? The working poor in the US most certainly do not receive such a stipend every month, and I have heard of no Obama proposal to this effect. :wtf:
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toopers Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 01:09 PM
Response to Reply #140
141. There is nothing place now . . .
so that is why no one receives anything now. I believe it is HB 25.
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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 08:14 AM
Response to Reply #141
150. Oh. I didn't realize this was imagination time. nt
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toopers Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-14-09 08:40 AM
Response to Reply #150
165. So, you are ignoring the fact that a HB has been introduced, now
that takes imagination!
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customerserviceguy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 11:43 AM
Response to Reply #41
161. Went from full-time to part-time employment in the last two months
Mr. Obama, with all due respect, sir, I gave at the office.
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Bandit Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 10:49 AM
Response to Reply #5
66. Oh come on bullets only cost $.90 a piece, surely you can afford a few more bullets.
There has to be some women and children somewhere that need those bullets shot at them..
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totodeinhere Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 02:05 PM
Response to Reply #5
73. There are other ways to give that don't involve money.
Do you have time to do volunteer work? Could you spend one afternoon per month at a nursing home giving comfort to lonely seniors? Could you provide a foster home for abandoned or lost pets? There are so many things that can be done.
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rangersmith82 Donating Member (274 posts) Send PM | Profile | Ignore Sun Jan-11-09 05:04 PM
Response to Reply #73
81. Sorry I have 4 kids
And between Boy Scouts, youth group sport etc Im a little busy.
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lunatica Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 08:48 AM
Response to Reply #73
125. I work full time and take care of my bedridden mother
Who also has alzheimers. I don't have 'spare time'
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LanternWaste Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 09:24 AM
Response to Reply #5
129. I imagine that despite one's income...
"I have no more to give Mr. President..."

I imagine that despite one's income, that will become a most popular refrain.

We all want to see things get better-- until that "ask what you can do for your nation" bit looks us in the face...
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rangersmith82 Donating Member (274 posts) Send PM | Profile | Ignore Sun Jan-11-09 05:02 PM
Response to Reply #4
80. Eactly!!!!
n/t
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terisan Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 11:01 PM
Response to Reply #2
34. Skinned alive.
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 04:43 AM
Response to Reply #2
53. Yep, so the next Pub who runs can rant convincingly about "tax and spend Democrats." Voters have
short memories. But, I don't think anyone thinks that raising taxes now is a good idea.
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Posteritatis Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 07:54 PM
Response to Reply #2
148. Er, there's been one(1) Democratic president following a Bush presidency so far (nt)
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aquart Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 06:33 PM
Response to Original message
3. CEOs first.
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Lorien Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 06:53 PM
Response to Reply #3
9. And the wealthy. I'd rather he not "scale back" on his promise to tax
the wealthiest Americans. They've had a free ride on our backs for far, far too long.
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Trillo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 07:10 PM
Response to Reply #9
12. Don't forget corporate taxes.
remember, some of our biggest corporations actually have "negative tax years" (when they get a check, instead of writing one).
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Lorien Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 09:02 PM
Response to Reply #12
27. Oh yeah, that's a huge one
I'd love to see corporate "personhood" ended, but I doubt that will happen in my lifetime.
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terisan Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 10:55 PM
Response to Reply #9
31. Ditto. This is a line he needs to drop fast. The fundraising for the Inaugural Balls for the Rich
Edited on Sat Jan-10-09 11:02 PM by terisan
have set the wrong tone.
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terisan Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 11:04 PM
Response to Reply #31
35. Multimillionaire Dems and Reps and all Billionaires first-including pres, vp, and congress
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 04:40 AM
Response to Reply #31
52. Especially while we are at war in two countries, plus the freakin' WOT, whatever that is.
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 04:38 AM
Response to Reply #3
51. The CEOS are still raking it in, including multi-million dollar severances.
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Zhade Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 07:46 PM
Response to Reply #3
145. HAHAHAHAHAHAHAHA!!!
Oh, you're FUNNY.

(I mean, I agree, but it'll never fucking happen.)

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shadowknows69 Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 06:43 PM
Response to Original message
6. Don't have much left skin to spare Mr. President.
I could invite another homeless person over to me and my wife's cardboard box once we get it furnished.
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balantz Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 06:52 PM
Response to Original message
8. Been all gived out for a long time now. How's about that upper 10% give a little? n/t
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Tansy_Gold Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 08:25 PM
Response to Reply #8
23. How's about that upper 10% give A LOT! n/t
.
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balantz Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 08:55 PM
Response to Reply #23
25. That's the spirit! n/t
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OwnedByFerrets Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 07:01 PM
Response to Original message
10. Well, since I've been giving out the ass for 8 yrs and more, whats new?
Obviously, everyone doesnt include congress, since they just gave themselves more of a raise than I have gotten in 10yrs of cumulative raises.
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SomeGuyInEagan Donating Member (872 posts) Send PM | Profile | Ignore Sun Jan-11-09 07:32 PM
Response to Reply #10
111. Eight years?! Try 28. Reagan began he war on working people.
And every president since has signed on to continue it (with compliant Congresses).

Bush and the Congresses of 2001 until now have taken it to a level even Gordon Gecko ("Wall Street" movie character) would've found jaw-dropping. Lots of necks oughta be in guillotine right now. A few ghosts too.
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bread_and_roses Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 07:10 PM
Response to Original message
11. Total agreement here with those upthread saying the poor have nothing to give, and the working class
has given for years - no real wage increases, increased local taxes, outsourced jobs, you name it.

I am going to give Obama a slight benefit of doubt here, that he feels he has to say such things as "everybody" will have to give for political palatability. But it is nonsense, and I think he'd be seen as stronger if he came right out and said that we can't balance the budget on the backs of school children and elders, and that the rich have benefited for years and it's time for them to pay a fair share. There is a dawning understanding out here among the hoi-polloi that we've been had, there is real anger at the excesses and unaccountability and exploitations of corporations. I think he's missing the boat on what would be politically palatable to the people who elected him.

Because what does "everyone" giving really mean? What do school children have to give - worse schools? What do elders have to give - decreases in their social security and higher local property taxes to push them out of their homes. It is nonsense. Having ignored or trompled on the working class (among which I include most of those who call themselves "middle class"), the infrastructure, spending on education, health care, and every other social "commons" good since Reagan while the upper few % took more and more and more, WE are now to give more? Like I said - nonsense.
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Joe Chi Minh Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 05:17 PM
Response to Reply #11
84. I thik it may be just Obama's way of saying that the rich must expect to
give back their ill-gotten tax gains accrued from the Reagan years to the present day. Sugaring the pill. After all, you'll be more like one nation, instead of two. But it's less scary to the rich to put it that way.
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davekriss Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 09:15 AM
Response to Reply #11
127. Good post kenzee13! (nt)
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bluesmail Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 07:20 PM
Response to Original message
14. Reagan asked the same thing. I'm minus on the sacrificing. n/t
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FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 07:21 PM
Response to Original message
15. "Skin to give" doesn't always equate to money.....
Edited on Sat Jan-10-09 07:28 PM by FrenchieCat
as there are other ways folks can sacrifice to work towards the common good. It may be that Obama wants us to become more energy conscious, changing those lightbulbs when the old ones burn out. that we are working with our children at home by reading and talking with them or that we are commuting in the most efficient way possible. That young people choose to enter into a life of service, or at least volunteer some of their extra time doing good where they can. Sacrifice may simply mean donating our time for worthwhile causes, like giving blood, or staying plugged in to the political system and following what is going on in order to participate all the while making sure that we are intelligently informed.

It is too bad that we, as a nation, are starting to equate sacrifice solely as monentary as opposed to participating in the betterment of this nation, bit by whatever bit, block by block, city by city, etc......

Judging from some of the reactions here, it is sad too that many of us here no longer ponder a more profound meaning of any given message and instead act as superficial and simplistic as the MSM does. It is also too bad that as much as Obama has campaigned listing some of the sacrifices and actions I posted above, folks still need a map in order to "get it".
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stillcool Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 07:53 PM
Response to Reply #15
22. Yeah...it's sad..but,
people here are not interested in solutions.
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Zavulon Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 01:23 AM
Response to Reply #15
42. "Energy conscious"
is going to mean energy taxes, higher ones and new ones. As for the rest of it, vounteerism and donating have been encouraged for quite a while and in my case, working two jobs, it won't happen.

With all due respect, no matter what other ideas are thrown in, money is the focus. This is one instance where the MSM has actually stumbled on the gist of things. Any notion that what Obama is really looking for might be other than money is simply naive.
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dionysus Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 11:05 AM
Response to Reply #15
156. nice post, but there are people here who just get off on pouting and being pissed.
you'd think we just reelected bush the way people are throwing fits.
:shrug:
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blendermax Donating Member (112 posts) Send PM | Profile | Ignore Sat Jan-10-09 07:23 PM
Response to Original message
16. We just gave your Wall Street buddies 800 billion
Edited on Sat Jan-10-09 07:25 PM by blendermax
what more do you want from us, Mr. Obama?

edit: the shirt off our backs?
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Itchinjim Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 07:36 PM
Response to Reply #16
18. Obama's "Wall Street buddies"?
How so?
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blendermax Donating Member (112 posts) Send PM | Profile | Ignore Sat Jan-10-09 07:41 PM
Response to Reply #18
19. Anyone who hands you 800 billion dineros
is going to be your BFF - Best Buddies Forever
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stillcool Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 07:46 PM
Response to Reply #19
20. Obama did that, all by his lonesome?
How about your Senators and Representatives? Do they count?
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blendermax Donating Member (112 posts) Send PM | Profile | Ignore Sat Jan-10-09 07:48 PM
Response to Reply #20
21. No, but he's just as guilty as they are
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terisan Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 10:58 PM
Response to Reply #21
32. Guilty, Caught in the political act of taking from the poor to give to the rich.
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SlowDownFast Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 03:59 AM
Response to Reply #21
47. Yup. He supported The Bailout.
And we all saw what happened - or didn't happen - with that money.
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terisan Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 11:34 PM
Response to Reply #20
38. He and the Dem Leadership took major credit for it and made sure it was a giveaway with no account-
ability.

They are working for Wall Street. we've had a financial coup. It was the mother of all October Surprises, brilliantly executed by Bush, Palson, Reid, Pelosi, Obama, et al helped along by bs reporting from the so-called liberal media of MSNBC and CNN

Larry Summers and Robert Rubin are in the White House writing up the Skin the middle class and poor stimulus plan.



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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 04:52 AM
Response to Reply #38
56. Republicans endgamed them into looking as though only the Dems wanted the bailout. Every economist
I know of said it had to be done. It was NOT done in the smartest way, however, starting with Bear Stearns. We practically nationalized everything, but without getting enough controls and financial advantages from nationalization. We got a lot of the worst of both worlds without getting enough of the upside.
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Le Taz Hot Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 08:37 AM
Response to Reply #56
124. Bullshit.
There were Nobel-prize winning economists who warned AGAINST this bailout. Something like 75% of the nation's economists said not to do it that it would be putting money down a rathole. Then to add insult to injury, I just love the part where they'll make them accountable later on. Now they have no idea what happened to most of the money and they can't even get a response from the Treasury much less an explanation. Face it. This bail out was the biggest Ponzi scheme ever and WE paid and our grandchildren will be paying for it and President Change was all for it.

We damned well better start holding our elected representatives accountable or we will continue to spiral down into a two-tiered society.
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Zhade Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 07:48 PM
Response to Reply #56
146. Keep lying to yourself, if it helps you sleep at night.
NT!

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stillcool Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 10:57 AM
Response to Reply #38
67. whatever...Barney Frank was the person..
I listened to most at the time, probably because he was one of the few voices saying anything. I won't presume to know all that is involved in that deal. As far as a 'financial coup' that happened generations ago. I hope all your dreams come true about the stimulus plan.

http://www.colorado.edu/AmStudies/lewis/2010/decline.htm
Demands Made by Transnational Corporations to do Business in a
Country under the Global Economy

1. Greatly reduce Corporate taxes and taxes on the rich.

2. Greatly reduce government spending in order to cut taxes.

3. Increase taxes on the middle-class and poor to pay for the necessary government services, such as support for TNCs.

4. Reduce environmental, work-safety, and product-safety regulations.

5. Provide millions and millions of dollars in tax incentives and subsidies to TNCs in order to convince them to locate in your country.

6. Build and support modern industrial factories for TNCs to use rent-free.

7. Create tax-free export processing zones so that TNCs can produce products without paying any taxes at all.

8. Reduce and lower worker's wages by keeping the minimum wage low or eliminating the minimum wage altogether.

9. Reduce the costs of hiring workers by reducing or eliminating workers' compensation taxes, social security taxes,and health insurance taxes.

10. Allow child-labor at almost any age and under any conditions.

11. Do not enforce maximum work-day hours, such as the eight hour day or the 40 hour week.

12. Use government power to crush and weaken labor unions. Allow companies to hire security firms to harass and intimidate workers and unions.

13. Allow TNCs to freely take their money and profits out of your country.

14. Reduce government support for health-care, education, and anti-poverty and anti-hunger programs, forcing workers to work for any wage just to take care of and feed their families.

15. Support global free trade and work to prevent countries from denying companies the right to sell their products despite the brutal conditions, environmental destruction, and exploitation of their workers.

16. Don't restrict or limit immigration and encourage high levels of unemployment in order to force workers to compete by working for lower and lower wages.

17. Limit and restrict local and national government control over their economies. Encourage global bodies to set economic standards that will benefit TNCs.

18. Limit the ability of workers and citizens to challenge the TNCs and their own government's economic programs which help the TNCs at their expense.

19. Create massive national debts in order to bankrupt governments and force them to be even more at the mercy of the TNCs. Governments can thus say they have no choice but to accept these conditions.

20. Force your citizens to accept lower standards of living and quality of life in order to guarantee higher profits for TNCs.


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dionysus Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 11:20 AM
Response to Reply #38
159. oh for christ's sake...
:rofl:
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 04:58 PM
Response to Reply #19
78. At least it's not 800 billion Ameros
:silly:
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dionysus Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 11:02 AM
Response to Reply #19
155. the bush admin handed over the money you idiot. obama isn't in office
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gristy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 07:28 PM
Response to Original message
17. "structural deficit"
"What we have to do is to take a look at our structural deficit, how are we paying for government?"

How cool is that? He wants to look at (and fix, perhaps?) the problems that result in the systematic underfunding of our government.
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KoKo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 08:44 PM
Response to Original message
24. "Save Wall Street!" Give up your "SS Payments" and INVEST, INVEST, INVEST!
That's the kind of sacrifice Obama's Gang of Economists are looking for after their support for him.

Let's hope Obama is strong once he's inaugurated and can start to "Kick Butt" and if he has to ...reshuffle the "hand picked" Guardians that were foisted on him before he became the President and could be in charge of who "HE MIGHT WANT!" I hope to heaven that what Obama wanted was not what was forced on him in these past weeks and that he's left some "room to maneuver." :-(
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SlowDownFast Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 04:34 AM
Response to Reply #24
50. Hope this, hope that.
I'm losing hope and he's not even Prez, yet.

It all looks like the same old thing to me, under a different veneer of shiny shit.
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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 08:58 PM
Response to Original message
26. Thanks for the Invite, But I Gave and Gave, Involuntarily, Since 2001
There ain't anything left to give, and the kids are not negotiable.
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blendermax Donating Member (112 posts) Send PM | Profile | Ignore Sat Jan-10-09 11:28 PM
Response to Reply #26
37. Obama wants to send your kids to fight and die in Afghanistan
Afghanistan is the new Iraq
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terisan Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 11:35 PM
Response to Reply #37
39.  Afghanistan is the new jobs program.
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Name removed Donating Member (0 posts) Send PM | Profile | Ignore Sun Jan-11-09 06:24 PM
Response to Reply #39
87. Deleted sub-thread
Sub-thread removed by moderator. Click here to review the message board rules.
 
ryanmuegge Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 09:09 PM
Response to Original message
28. Except rich people.
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JVS Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 09:51 PM
Response to Original message
29. What better way to stimulate the economy than to have the government pay for healthcare?
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russspeakeasy Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Jan-10-09 09:53 PM
Response to Original message
30. I already gave
and have nothing....nothing left.....
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EconomicLiberal Donating Member (554 posts) Send PM | Profile | Ignore Sat Jan-10-09 11:00 PM
Response to Original message
33. How about the rich first, Obama?
Instead of giving them more tax breaks and laying more of the burden on the middle class?
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Lithos Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 12:00 AM
Response to Original message
40. How about those who were the most irresponsible
and who benefitted the most from short-term policies that have plundered the economy over the long term taking the hit? They need to pay their fair share.

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ProgressIn2008 Donating Member (848 posts) Send PM | Profile | Ignore Sun Jan-11-09 01:23 AM
Response to Original message
43. The wealthy and privileged first, thanks. nt
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closeupready Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 12:45 PM
Response to Reply #43
71. Yep. They go FIRST. NOT ME.
n/t
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Zavulon Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 01:28 AM
Response to Original message
44. But the promise we got is that 95% of working Americans would get a tax cut.
So what skin will be required from 95% of working Americans if "everyone is going to have to give?"

By the way, "giving" is something nobody "has" to do, "giving" is voluntary. If this is, as I suspect, going back on the tax cut promise and actually increasing taxes on most Americans with jobs, I REALLY want him to stop using the word "give."
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 04:53 AM
Response to Reply #44
57. See Reply # 46.
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Digit Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 01:44 AM
Response to Original message
45. Nothing left to give here, either
At 57 years of age, without health insurance, and no job...what in the hell is left to give up?

Oh, and my gas was shut off in October and I had to come up with a $600 deposit to get it turned back on. I am still reeling from that one. I told them my water heater is about to bust and I needed the money to put towards that happening, but they did not care.

Now I have personal property taxes to pay on my car, which is late.

Oh, and my latest is my toilet is leaking from the intake hose at the tank. I guess I am going to have to try to fix it myself. I placed a jar under it in the meantime to keep the water off the floor.

Can I have a job, please? It would be my pleasure to bitch about taking so much of my money that I would have to cut down on eating out at restaurants or the cost of my co-pay for doctor visits.
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pa28 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 04:00 AM
Response to Original message
48. Can we at least have a look at a european style net worth tax?
Edited on Sun Jan-11-09 04:01 AM by pa28
We've had such an imbalance in the re-distribution of wealth toward the already wealthy in the last 20 years. Maybe now is the time to at least think about and analyze the feasibility of taxing wealth - cash assets, property, collector and luxury assets might be considered for tax like this.

At this point we officially have trillion dollar deficits for years to come and our usual creditors are becoming uncomfortable and even unable to extend further. Even if we do make radical reductions in spending we're still in a nasty trend as far as deficits for the next 30+ years.

The low tax party is over IMO, yes I'll get hit too but I don't see any other responsible way to stay current with our obligations. The top 1% and even the top 10% have had an extraordinary amount of grace for an entire generation. The bill has finally come due and only one class has the assets to pay it. It must be paid or the social guarantees the wealthy have relied on will start to break down rendering their wealth worthless anyway. The wealthy should probably get used to the idea of "taxes" because the relatively new social and political taboos of taxing the wealthy will start to peel away as the budget gets sucked further a black hole and the futility of budget cuts becomes apparent.
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Hardrada Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 04:23 AM
Response to Original message
49. We already gave and will be giving to uphold Wall Street
for a century because of the Bailout(s). With money we don't actually have anyway. So please make more sense, Mr. President-Elect!!
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 04:46 AM
Response to Original message
55. Some decades ago, "Gimme some skin" was a cool saying. This gives it a whole
Edited on Sun Jan-11-09 04:48 AM by No Elephants
new meaning though. And, may I say, OUCH!
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 04:55 AM
Response to Original message
58. OK, what are we going to do about it, besides posting? What are our action items here?
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Kolesar Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 08:07 AM
Response to Reply #58
64. Action items? Sitting in a chair posting the same thing over and over again on this thread
how's that?
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dionysus Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 11:11 AM
Response to Reply #64
158. ding ding ding folks
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truthisfreedom Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 04:59 AM
Response to Original message
59. "Everybody's going to have to have some skin in the game." That's not about the consumers, so much.
It's about the players, the people involved in making money in this country.

I can read what he's saying. He's saying, "if you gain from being in this country, you'll have to give a bit back, and fast, to keep it going."
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SlowDownFast Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 06:59 AM
Response to Reply #59
61. You better *hope* that's what he means. n/t
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and-justice-for-all Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 06:57 AM
Response to Original message
60. I think we have sacrificed enough...
make bushCo pay.
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 07:32 AM
Response to Original message
62. And by "everybody," does he mean Social Security and Medicare for the disabled and elderly and
Aid to Families with Dependent Children and Medicaid?
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earth mom Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 07:48 AM
Response to Original message
63. So is Obama going to raise taxes on the rich? Because he wasn't going to a month or so ago.
Of course, the rich aren't like everybody else, so they don't have to give diddly squat or have any "skin" in the game. :eyes:

They got their BILLION No, TRILLION dollar bailout, now didn't they? So it's ALL good. :grr:

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Donnachaidh Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 12:28 PM
Response to Original message
68. How about a cash bailout for the UNEMPLOYED?
Edited on Sun Jan-11-09 12:29 PM by Donnachaidh
Hell, it doesn't even need to be as big as those golden Parachutes AIG was using their bailout to pay for.

50K per family. I'll even lay odds that any money given to the unemployed that may allow THEM to start up businesses, or pay off the debts they've incurred under the *trickle down equals piss on the middle class* policies would probably HELP the economy a lot quicker than handing over money to corporations who will wire it overseas to keep their customers happy.

What the hell -- make it 100K per family. You found a way to pay the wall street bailout -- find a way to help the ones taking it on the chin BECAUSE of Wall Street.
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mike_c Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 12:30 PM
Response to Original message
69. aren't we all something like $70,000 in debt to the government already...?
I seem to recall that's the portion of the existing national debt owed by every single American. I might have the numbers wrong-- it's quoted from memory, and I didn't pay much attention at the time.

Still, haven't we already saddled ourselves and our children-- and their children-- with enough scraped skin to last a lifetime?

It's not enough to simply tax the wealthy into a more equitable wealth distribution-- which we MUST do, I think. But government has to be part of the solution, too. We MUST scale back the defense budget and stop being global imperialist bullies. Chop the MIC off at the knees as a first step toward reducing the REAL burden of government on the people.
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1776Forever Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 12:44 PM
Response to Original message
70. OK - I personally feel I don't have much left - My "skin" is very thin right now.
How about the fat cats giving more? I think they have been given the $$$$ in the TARP program and have shown very little from it! What the H was this suppose to do for our country? Make sure the Billionaires get to keep their mansions?

http://4.bp.blogspot.com/_mGjV6oAQsa4/SSDh2V0M3sI/AAAAAAAAAFA/GuG0vL4sZWU/s400/TARP+pig+bailout+corporations.jpg
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closeupready Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 12:52 PM
Response to Original message
72. On second thought, I'm not sure what to think.
Obama made his 'everybody will have skin in the game' remark in response to a leading question from Stephanopoulos. (Similar to Pelosi's infamous "impeachment off the table remark" which was actually a response to a leading question from Leslie Stahl on 60 Minutes.) If Obama had said, 'no, everyone won't sacrifice; only the rich,' then he makes himself vulnerable to charges of class warfare.

We'll have to wait and see, but given some of the other things he's scaled back and some of his appointments, I'm very discouraged.
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totodeinhere Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 02:10 PM
Response to Original message
74. I think what he means is that all of we Americans are in this together.
An us versus them mentality might not cut it given all of the problems that we face. Yes, the rich can afford to give more but those of us who are not rich might be able to help and sacrifice in other non monetary ways.
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MadMaddie Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 03:27 PM
Response to Original message
75. Americans are not used to hearing the truth...
This is the reawaking of America and it scares the shit out of people.

America is in deeper shit then they could imagine. I think people are truely scared for the first time in 30-40 years that America is in a fragile state thanks to Republican rule.

Obama is not going to be able to do this alone. We as American citizens are obligated to support him when he does things right and we are obligated to criticize him and point out when he makes mistakes.

We don't have to be lockstep but we need to evaluate every decision he makes on it's own merit and then make our decision on if it is right or wrong.
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 05:07 PM
Response to Reply #75
82. I liked your response the best.
Lithos had a good point too (#40) but it's not about class, Obama said the E-word: "Everybody".

Let's see what happens; some action will be swift, others will be more thoughtful. I think he is honest and has been thoughtful.
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MadMaddie Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 09:28 PM
Response to Reply #82
112. Thanks! I agree we have to see what happens after Jan20th
What I am worried about is that the country is in much more trouble than meets the eye. When Obama's people start looking at the books of al major organizations they will find catstrophic incompetence and criminal negligance.

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The abyss Donating Member (930 posts) Send PM | Profile | Ignore Sun Jan-11-09 05:53 PM
Response to Reply #75
86. Average American
What the average American does not understand is that our system has already failed. However, the machine that forms our government is never going to go down quietly. As long as the people choose to go along with the façade then there will be no major changes.
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SOS Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 03:34 PM
Response to Original message
76. Sorry, no dice
Our family has already "given" it's jobs, retirement fund, savings and health insurance so that a shitty Wall Street holding company could add a penny to it's stock price.
There is nothing left for us to give.

How about raising the capital gains tax on John Paulson?
The hedge fund guy who made $10 million a day (every day) in 2007 by shorting mortgage securities.
Let him pay.
We're done.
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Pastiche423 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 04:52 PM
Response to Original message
77. I heard endlessly about your Hope and Change
during your campaign. But now you say,..."not everything that we talked about during the campaign are we going to be able to do on the pace we had hoped."

So, let me get this straight, the changes you promised our country in order to elect you to the highest office in the land, ain't gonna happen. Yet we still have to give more?

You can't get blood from a turnip, nor can you take more from those who have little to nothing.

What an incredibly stupid remark from a supposedly intelligent man.

Meet the new boos, same as the old boss.
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RamboLiberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 05:08 PM
Response to Original message
83. Link to ABC Text Highlights of interview
http://abcnews.go.com/ThisWeek/Economy/story?id=6619291&page=1

-----

Viewer questions for Obama came in by the thousands prior to the interview, the overwhelming majority of which focused on the economy. When asked if he feels he will be able to repair the economy, Obama said, "I think we can fix this. But it's going to take some time. It's not going to happen overnight."

"It's going to take some time to fix it. But what we tried to do was put forward a plan that says 'let's act boldly, let's act swiftly.' Let's not only provide a jumpstart to the economy and immediately or save 3 million jobs, but let's also put a down payment on some of the structural problems that we have in our economy," he said.

Obama has received some pushback on the tax break portion of his economic stimulus package, particularly the effectiveness of business tax cuts in stimulating economic growth and job creation. Sen. Tom Harkin, D-Iowa, expressed concerns that Obama's plan amounted to "trickle-down" economics.

"Well, let's look at the package as a whole. The bulk of the package is direct government spending... Now there is no doubt that that probably gives you the most bang for the buck in terms of stimulus, in terms of getting the economy started, putting people back to work," he said. "But there are only so many projects that you can do quickly of that sort. And so then the question becomes, do tax cuts also provide a stimulus? Do they also help? And they may not help as much as some of the direct spending projects do, but they still provide a stimulus, especially if they are targeted towards people who are really in need."

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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 06:29 PM
Response to Original message
88. I love "Ronnie Jackson"'s answer
Folks, I hear you talk about Obama taxing and spending, scoffing about having skin in the game and comparing him to FDR and calling him a fool. You are probably all republicans who just couldnt wait for George Bush to get us into a war with Iraq, but I didnt hear you complaining at that time about how we would pay for the war. You just had to elect GW Bush twice, though you failed to do you homework and discover that the man had wrecked the finances of every company that he ever lead. It is ok to spend hundreds of Billions of dollars to get into an unwinnable war but we cant afford to spend 10 cents to take care of ourselves. I think you Republicans have had your opportunity to run this country now for the last 8 years, and you have had no problem going from a balanced budget to a trillion dollar a year deficit. Your beloved George Bush and screwed up every single thing that he has touched. And now he is going door to door trying to convince us all of what a great job he did. You all need to shut up and sit down, your turn is over. We the people have spoken, and we are going to go a different direction. If it is ok to spend billions of dollars on unwinnable wars, then it is ok to spend billions of dollars cleaning up the mess that you have made and try to put our people back to work.
Oh and by the way, history sayd that FDR did a very good job as a president who took over during a Depression, and, he managed to win WW II. So dont run down FDR, go look in the mirror and run down that person who put George Bush in office, that is your fool!!
Ronnie Jackson

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oldbolshevik Donating Member (4 posts) Send PM | Profile | Ignore Sun Jan-11-09 06:59 PM
Response to Original message
89. Unexamined Cult of Personality
Comrades

During the election, Comrade Obama distanced himself from his progressive collectivist roots and denied that he was a true socialist.

Instead his handlers built a cult of personality and his managed speeches were only platitudes where we heard what we wanted to hear. It should have been an indicator when the only time Comrade Obama spoke truthfully about the reactionary forces in fascist Amerikkka was in front of a secret meeting with billionaires and industrialists on "Nob Hill".

The cadres in the media sold themselves to this flashy cult of personality and failed to examine why a committed progressive socialist denied his mentors - revolutionary heroes like Comrades Frank Davis; Bill Ayers; and Bernadine Dohrn - and his roots as a enemy of the plutocrats in order to curry favor with class enemies like the Wall Street blood suckers Jim Johnson and Franklin Raines.

Consider that Comrade Obama rejected public financing and his handlers deliberately set up his web site to allow fictitious donations. Who bought the election? Who bought our HOPE so they could derail CHANGE and make sure it was MORE OF THE SAME.

We have been sold a Stalin where we believed in a Lenin, comrades.

International financiers like Soros are manipulating the progressive popular front to ensure that the working classes are kept in slavery to the plutocrats. Obama is a class traitor.
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dionysus Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 11:06 AM
Response to Reply #89
157. uh, no one expected we were electing lenin, comrade freepre...
nice shtick "comrade"

:rofl:
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Purveyor Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 07:20 PM
Response to Original message
90. Obama Says Sacrifice Needed to Fix Economy, Some Promises Must Be Delayed
Source: Bloomberg

By Edwin Chen

Jan. 11 (Bloomberg) -- President-elect Barack Obama said reviving the U.S. economy will require scaling back on his campaign promises and personal sacrifice from all Americans.

“I want to be realistic here, not everything that we talked about during the campaign are we going to be able to do on the pace we had hoped,” Obama said in an interview on ABC’s “This Week” program broadcast this morning. “Everybody’s going to have to give.”

Obama also said in the interview recorded yesterday that he wants stricter guidelines and greater transparency in spending the remaining $350 billion in the Troubled Asset Relief Program.

Obama takes office Jan. 20 and is pressing Congress to act quickly on a two-year economic stimulus plan of about $775 billion that includes new government spending and tax cuts. As part of his campaign to build support from lawmakers and the public, Obama has been speaking about the economy every day over the past week, warning of a deeper and more prolonged recession without government action.

Though some Democrats have resisted elements of Obama’s plan, recent economic data have helped him make his point. The Labor Department reported Jan. 9 that the U.S. lost almost 2.6 million jobs in 2008 and that the unemployment rate jumped to 7.2 percent in December, the highest level in almost 16 years. The losses were widespread, with manufacturers, builders, retailers and temporary-help agencies axing positions.

Read more: http://www.bloomberg.com/apps/news?pid=20601087&sid=a3YMkstD3JzA&refer=home
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madrchsod Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 07:20 PM
Response to Reply #90
91. there`s a shit load of people who have nothing left to sacrifice
maybe the upper class can sacrifice some crumbs from their tables...ask them barack
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MADem Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 07:20 PM
Response to Reply #90
92. Uh, oh....
If he raises taxes on the middle class, he's going to have trouble. And so is Congress.

No shooting the messenger.
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dionysus Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 11:34 AM
Response to Reply #92
160. do you really think he will? this is wild speculation at the very best.
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MADem Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 02:21 PM
Response to Reply #160
162. Well, he wouldn't screw them alone. But they are "critical mass."
Even if he tells everyone in the country to chip in five bucks, that's how it will be played.

And of course, no matter what he does, the states will start finding ways to get that money from their constituents, one way or another. If they don't raise their own income taxes, they'll do it with property taxes, or sin taxes, or gas taxes....one way or another, someone will come after that dough!
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leftstreet Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 07:20 PM
Response to Reply #90
93. Fuck that. Get it from the Ruling Class
"Everybody’s going to have to give"

:mad:
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Fire1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 07:20 PM
Response to Reply #93
97. When am I going to hear about THEIR sacrifice?
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EconomicLiberal Donating Member (554 posts) Send PM | Profile | Ignore Sun Jan-11-09 07:20 PM
Response to Reply #90
94. If he raises taxes on the middle class, he will get a primary challenge in 2012.
That I can guarentee you.

Us liberals do not march in lockstep with a Democratic President like conservatives do with a Republican president.

Certain things are unnegotiable, Barack.
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closeupready Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 02:28 PM
Response to Reply #94
163. Agreed.
n/t
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 07:20 PM
Response to Reply #90
95. With good paying jobs, it wouldn't be an issue, taxes...
I'll agree on sacrifice, but what is to be sacrificed?
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apnu Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 07:20 PM
Response to Reply #90
96. No where in the article does it say that he will raise taxes on the middle class.
The only mention of any kind of tax in relation to the middle-class is a reference to Bill Clinton, who had to abandon a campaign promise to issue a middle-class tax cut.
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dionysus Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 03:04 PM
Response to Reply #96
142. don't let facts get into the way of knee-jerk douchebaggery from the poutrage brigade...
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Zhade Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 07:52 PM
Response to Reply #142
147. Helpful.
Actually, hypocritical.

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dionysus Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 10:44 AM
Response to Reply #147
152. far be it from me to stand in the way of anyone's unfounded temper tantrums..
:shrug:
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ZombieHorde Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 07:20 PM
Response to Reply #90
98. People are going to say that he lied his way into office.
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peacetalksforall Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 07:20 PM
Response to Reply #98
99. I'm not one to defend Obama, I'm still in wait and see mode - but I think we
have to remember that the situation in the U.S. became more dire between last summer/fall when Obama was campaigning and today 1-11-09. Cause the Cheney, Bush, Madoff, Paulson, Bernanke, and the thieves of Wall Street and the executive orders and last minute crap that Bush authorized.

We are in a descent and it accelerated AFTER November 4.

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ZombieHorde Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 07:20 PM
Response to Reply #99
100. I agree with that, but I am not so sure the general populace will.
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SlowDownFast Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 08:59 AM
Response to Reply #99
151. Bullshit. I knew it was going to get this bad over a year ago.
Edited on Tue Jan-13-09 09:05 AM by utopiansecretagent
I did my homework in order to protect myself and pulled out of the stock market December '07. I've made multiple posts about this financial crisis here for over a year. I am no financial genius, either. I just payed attention.

Is Obama really that dense or shielded from reality? He is supposed to be government leader, even privvy to information us "peons" are not.
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Demeter Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 07:20 PM
Response to Reply #90
101. Don't Defer Life or Death Things Like Health Care, Unemployment,
Social Security, Public Health, jobs programs, education.

We can defer forever the rest of the "bailout" of the fraudulent bankers.
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cstanleytech Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 07:20 PM
Response to Reply #101
106. I wish it was that simple but sadly I kinda dont think it is.
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bluestateguy Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 07:20 PM
Response to Reply #90
102. He never said that the sacrifice has to be equal
Before you all jump to conclusions, keep in mind that he never called upon equality of sacrifice. Only that "everybody is going to have to give".
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dionysus Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 03:05 PM
Response to Reply #102
143. how dare you try to inject a rational thought into these people's temper tantrums?
:thumbsup:
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Golden Raisin Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 07:20 PM
Response to Reply #90
103. Then, if true, start by cutting down
to one Inaugural Ball instead of the multiple affairs (10 at latest count per the Washington Post). Set the example at the top. Money pissed away on balls in this kind of economy should be reallocated to something a bit more constructive.
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oldbolshevik Donating Member (4 posts) Send PM | Profile | Ignore Sun Jan-11-09 10:21 PM
Response to Reply #103
117. Or the entire opulant-to-excess billionaire-funded Inaugural...
The Democratic Party has sold its members to the Wall Street plutocrats and the international financiers.

Obama is another Judas.
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dionysus Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 10:49 AM
Response to Reply #117
154. so are you here to spread communism or something?
:rofl:
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CrazyLate Donating Member (54 posts) Send PM | Profile | Ignore Sun Jan-11-09 10:29 PM
Response to Reply #103
118. Can't have an imperial presidency
without imperial pomp and circumstance. Thanks George Bush! You may not have been a very good Sulla or Caesar, but as the saying goes, the die has been cast. It'll be interesting to see what Obama does with all the power he's going to have. He will have the House and the Senate in his back pocket, and all of the imperial framework laid by Bush without any of the limitations.



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oldbolshevik Donating Member (4 posts) Send PM | Profile | Ignore Mon Jan-12-09 08:13 AM
Response to Reply #118
122. Came long before Bush
Comrade, the "imperial presidency" began long before either Bushitler.

The last non-imperial president was probably Comrade Wilson, and he was a bourgeois counter-revolutionary lackey of Wall Street even so.

The international financiers like Soros and the bloated fat cat Party nomenklatura that have stolen this election from the people with this sham "progressive" are clever. They told the progressive cadres and the seething masses what we wanted to hear - actually they presented us with an empty suit with a mirror for a head that these class enemies used to fool us into thinking that we would actually get Hope and Change.

Now Comrade Obama becomes a realpolitik pragmatist. Realpolitik is a concept of the reactionary and pragmatism the enemy of progress and social justice.

We wanted a people's government that would transform facist Amerikka into a progressive social democracy.

The solution is simple. End the capitalist "free market"; seize the means of production; liquidate the rich, the bourgeois, and the petit bourgeois; and place progressive collectivist government cadres in every aspect of society.

Let us have true equality! With a government provided dormitory no man rises above his neighbor. With government issued clothing, there is no conspicuous consumption for "fashion". With government jobs where all labor with their hands, there is no ambition or capitalist urge to "succeed" at the cost of others. Seize the symbols of consumerism (cars, flat screen TVs, etc.) and build a classless society without them.

Then we can proceed to finalize the solution to humankind's impact on the planet through necessary reduction of the population - starting by the traditional method. Everyone that falls, falls for the future.

That is "sacrifice".
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dionysus Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 10:48 AM
Response to Reply #122
153. ok Stalin...
:rofl:
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L0oniX Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 07:20 PM
Response to Reply #90
104. hmmm ...I'm taking notes.
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Baclava Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 07:20 PM
Response to Reply #90
105. Pres. Obama is a politician - not a radical
Anybody that thinks differently is going to be sorely disappointed.
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EconomicLiberal Donating Member (554 posts) Send PM | Profile | Ignore Sun Jan-11-09 07:20 PM
Response to Reply #105
107. What is radical about raising taxes on the rich and not raising taxes on the middle class?
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CrazyLate Donating Member (54 posts) Send PM | Profile | Ignore Sun Jan-11-09 10:56 PM
Response to Reply #107
119. Nothing radical about that
but I'm rather dubious on the prospect. Across the board tax cuts are always sold as tax cuts on the rich, where the line between "rich" and "not-rich" gets drawn continually down. The way the economy is going down, "rich" is going to be anyone that has is lucky enough to have a door greeting job at Walmart.

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CrazyLate Donating Member (54 posts) Send PM | Profile | Ignore Sun Jan-11-09 11:03 PM
Response to Reply #105
121. Pres Obama will have a unique, historical position
He will have close to a filibuster proof majority in the Senate, and overwhelming majority in the House, political capital from being the first black prez, and an economic crisis of monumental proportions that will both narrow his attention but create a sweeping economic mandate. Obama will be able to rock the boat more than any President since Johnson.

The stuff Bush et al just put in place was pretty freaking radical in a "we had to bomb the village to save it" sense of throwing out any pretension of free-market capitalism in favor of a Soviet style command economy (except in our command economy, the plutocrats are getting their 30 pieces of silver while we get the bill through the Fed monetizing the debt). Oh what I wouldn't give to be a Goldman Sachs / Wharton alum so I could get in on the one gravy train still running.

Anyway, I firmly believe that to get to the Presidency you have to have been bought and sold more times than one of Heidi Fleiss's whores. If there is a puppet master pulling Obama's strings, lets just hope it's not the same guys pulling Bush's.
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Wwagsthedog Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 07:20 PM
Response to Reply #90
108. You first Mr President
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bobbolink Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 07:20 PM
Response to Reply #90
109. and guess who will be required to make the sacrifices??? Why, poor folk, of course.
Just per usual.
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gulfcoastliberal Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 07:20 PM
Response to Reply #90
110. How about congress sacrifices the second $350 billion?
Let the banks sacrifice the rest of their loot.
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SlowDownFast Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 08:35 AM
Response to Reply #110
123. How 'bout congress take a pay CUT instead of pay raise?
They need to sacrifice, too.
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USA_1 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 09:50 PM
Response to Reply #90
115. SACRIFICES???
The wealthy have been given trillions in welfare by Bush and the Republican Congress -- let's force them to give it all back so that we can put the so called 'trickle down' theory into practice.


Why should we the working public have to sacrifice more? We've done enough already.

Now, let the wealthy do the giving instead of the getting as they did under Bush and Reagan.
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Javaman Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 12:20 PM
Response to Reply #90
134. There is a financial tsunami coming. in fact, it's cresting and about to crash.
this will hit everyone. no one will be spared.
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OhioChick Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jan-11-09 09:32 PM
Response to Original message
114. Sorry Mr. President-Elect, but I have nothing else "to give or sacrifice." n/t
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RCinBrooklyn Donating Member (421 posts) Send PM | Profile | Ignore Sun Jan-11-09 11:01 PM
Response to Original message
120. Any annual earnings over $1 Million / year should be taxed at 100% by the government. Pay up bitches
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kickysnana Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 09:20 AM
Response to Original message
128. I gave at the bailout. n/t
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Romulox Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 12:14 PM
Response to Original message
133. I'm not sacrificing ANYTHING so PE Obama can give more taxpayer $$$ to AIG, Citi.
I look forward to the bloodbath in Congress on this issue, if PE Obama means to shove more tax increases on the middle class while breaking his campaign promise to end the Bush tax cuts.
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Zhade Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-12-09 07:43 PM
Response to Original message
144. Um, some of us can't give any more, Obama.
Edited on Mon Jan-12-09 07:43 PM by Zhade
Meanwhile, you supported giving 850 billion to those who destroyed the economy.

Not even in office and he's starting to break promises. What fucking bullshit.

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Zorra Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Jan-13-09 03:33 PM
Response to Original message
164. I'll pony up plenty when Bu*h, Cheney, Rove and the rest of the crooks
that deliberately destroyed our country are in prison.

At least I'll know that not every single penny of my tax dollars is being pocketed by private banks, bank executives, war profiteers, oil companies, or any of other myriad globalist "free market" fascist crooks. Or spent on financing some bloody stupid war.

But I ain't gonna sacrifice jack shit until I'm sure my sacrifices won't be stolen again so that they keep making a bunch of thieving anti-democratic fascist pigs even more disgustingly wealthy than they already are.

I want my taxes to go toward productive, constructive endeavors, and nothing could be more productive than keeping fascist terrorists off the streets. I'll even volunteer my time and money to personally escort Rove to prison.
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wordpix Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jan-14-09 09:01 AM
Response to Original message
166. we just gave $350 billion to Wall St. with no strings attached & what did we get for it?
Sheesh---why not the fat cats on Wall St & getting Big Oil-Pharma-Insurance-Development paychecks giving for a change? :shrug:
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