My liberal friends are stunned to discover how much more they're paying in taxes this year. They just can't figure out how that happened.
Yada, Yada, Yada it's not my fault.
Yada, Yada, Yada it's Republicans' fault.
Yada, Yada, Yada it's the storm's fault.
Yada, Yada, Yada it's Bush's fault.
Yada, Yada, Yada it's the American peoples' fault!
It's MY fault.
"The finance minister of Zimbabwe Wednesday said his statement that the country only had $217 in its public account last week…"
Which is $16,000,000,000,217 more than the US has now.
Blame it on spending cuts??? What spending cuts?
Obama has never been a businessman. He has been a student of his ideology, a playboy and a politician all his life.
He knows nothing about how economies are built - only how they are torn down.
He only knows how to campaign, organize, propagandize and ram-rod his marxist ideology and sexual agenda.
That's all he is.
I thought revenue increases were off the table.
Am I shocked that O blames some else besides himself, no.
The left may love double speak (("what is means") but b.o. prefers double entendre. His favorite position is leading from behind that why he still blames Bush.
A few more "successful" quarters like this and we'll be in a depression. Funny how nobody in the mainstream media is screaming about this. I guess when a liberal Democrat is in the White House, it just doesn't matter. But it will if you're one of the 20 million people still looking for a job. Then it matters a lot.
Maobama is an amazing man. The whole world is catching fire under his watch and somehow, someway, none of it is his fault.
And G.W.Bush is an amazingly powerful, evil entity as all of this is his fault and he hasn't left Crawford Texas in years.
I know but military protocal suggests not giving out any real helpful info to potential enemies and, personally, I loved GW Bush as President. I wish I had served during his administration. Sure, he made mistakes but there was never a single question as to whether he Loves America and he Loves our troops.
Bush had to deal with a Democratic congress his last two years and yet somehow the recession was entirely his fault. Obama loses control of half of congress his 3rd and 4th years, is still able to get most of what he wants, and somehow none of this is his fault.
We are both well informed. Here is a clipping I've saved to show what you are saying in true numbers.
Some people have short memories…..
DO YOU REMEMBER JANUARY 3, 2007?
I’ve been saying this for years, but this email probably explains it
better and more clearly. This is NOT a political message, but rather
a clarification to remind us all of the correct facts.
Remember that on October 9, 2007, 11 months before our “economic
crisis” occurred (that was actually created), the Dow hit its highest
point ever, closing at 14,164.53 and reaching 14,198.10 intra-day
level 2 days later. Unemployment was steady at 4.7%. But things were
already being put in place to create the havoc
we’ve all been experiencing since then. And it all started, as this email explains,
on January 3, 2007. --LFL
I'm sending this to each of you regardless of your party preferences
because I believe it is something you may not have considered.
This tells the story, why Bush was so “bad” at the end of his term.
Don't just skim over this, it's not very long, read it slowly and let
it sink in. If in doubt, check it out!!!
The day the Democrats took over was not January 22nd 2009, it was
actually January 3rd 2007, which was the day the Democrats took over
the House of Representatives and the Senate, at the very start of the
The Democrat Party controlled a majority in both chambers for the
first time since the end of the 103rd Congress in 1995.
For those who are listening to the liberals propagating the fallacy
that everything is "Bush's Fault", think about this: January 3rd, 2007
was the day the Democrats took over the Senate and the Congress.
At the time:
The DOW Jones closed at 12,621.77
The GDP for the previous quarter was 3.5%
The Unemployment rate was 4.6%
George Bush's Economic policies SET A RECORD of 52 STRAIGHT MONTHS of JOB GROWTH
Remember the day...
January 3rd, 2007 was the day that Barney Frank took over the House
Financial Services Committee and Chris Dodd took over the Senate
Banking Committee. The economic meltdown that happened 15 months
later was in what part of the economy? BANKING AND FINANCIAL
Unemployment... to this CRISIS by (among MANY other things) dumping
5-6 TRILLION Dollars of toxic loans on the economy from YOUR Fannie
Mae and Freddie Mac FIASCOES!
Bush asked Congress 17 TIMES to stop Fannie & Freddie - starting in
2001 because it was financially risky for the US economy.
And who took the THIRD highest pay-off from Fannie Mae AND Freddie
Mac? OBAMA And who fought against reform of Fannie and Freddie? OBAMA
and the Democrat Congress.
So when someone tries to blame Bush. REMEMBER JANUARY 3rd, 2007....
THE DAY THE DEMOCRATS TOOK OVER!"
Budgets do not come from the White House. They come from Congress and
the party that controlled Congress since January 2007 is the Democrat Party.
Furthermore, the Democrats controlled the budget process for 2008 &
2009 as well as 2010 & 2011.
In that first year, they had to contend with George Bush, which caused
them to compromise on spending, when Bush somewhat belatedly got tough
on spending increases.
For 2009 though, Nancy Pelosi & Harry Reid bypassed George Bush
entirely, passing continuing resolutions to keep government running
until Barack Obama could take office. At that time, they passed a
massive omnibus spending bill to complete the 2009 budgets.
And where was Barack Obama during this time? He was a member of that
very Congress that passed all of these massive spending bills, and he
signed the omnibus bill as President to complete 2009.
If the Democrats inherited any deficit, it was the 2007 deficit, the
last of the Republican budgets. That deficit was the lowest in five
years, and the fourth straight decline in deficit spending. After
that, Democrats in Congress took control of spending, and that
includes Barack Obama, who voted for the budgets.
If Obama inherited anything, he inherited it from himself. In a
nutshell, what Obama is saying is I inherited a deficit that I voted
for and then I voted to expand that deficit four-fold since
'But didn’t Colin Powell say last night that the economy is recovering?' - Scoop
Timing is everything, doncha know. He also said he didn't vote for Obama twice because he was black. Hmmm, he is consistent.
I think, if I were Obama, I would go back to blaming Bush. I'm sure this economy is still his fault (as he has done nothing in the last four years to step in and help Barry).
Anybody that has been reading my stuff knows that I've been saying since Nov that we will be entering another recession when 1st quarter earnings come out (which is to say now) of course just like the last recession they won't formally announce it till many months later and then say we entered the recession back in Jan/Feb.
Think how much worse this coming recession would be if we didn't have Obama to guide us through it /sarc. I predict that somehow the media will start refering to this as Bush's 2nd recession.
I would like to point out that the fourth quarter in economic terms is the Super Bowl of the economy for businesses especially retail.
Look for there to be more unemployment since fourth quarter sets the budgets and forecasts for the entire next year.
Retail year ends tend to be 1/31 in order to provide sufficient time for sales returns after Christmas so that adjustment will be interesting
Funny how the left appreciates Christmas when it comes to consumer spending and the seasonally adjusted employment bump but after that it's un-American. Separation of Church and State you know.
Fourth quarter ends at the end of December. Sales are tracked daily. Inventory for retail is always done first of year to also help track fourth quarter sales estimates as well as taxes.
Still spewing venom I see.
I have an education and a job/s and a family.
I also think it is rich that someone tells another person to get a job and an education that spends their entire day blogging, spewing misinformation and venom. Now you are making personal assumptions about people based on interactions on blogs...interactions that you don't seem to react very well to.
I also think it is rich that you tell someone to get a job in this economy that you rant and rail about led by a president that you rant and rail about and most especially rich given the topic at hand.
The ironies never cease but they seem to escape you entirely.
We are not talking about the same thing. Read again.
Is there a reason you are so unhinged that you cannot disagree without being disagreeable?
Speak not of which you know nothing, your ignorance is laughable.
I provided 2 examples of very large publicly traded companies in the retail sector. These ARE NOT TAX STATEMENTS. Public companies do not release their earnings until their annual reports are filed. Retail is always omitted at 12/31/12 which is why there is a huge adjustment.
First of all Target and Best Buy do not comprise the entire retail industry. They are using the end of the first quarter for tax purposes however they use the last day of the year or end of the fiscal fourth quarter to set their retail budgets/projections for the next year. Industry makes forecasts in order to get loans for operations for the following year. Government uses those estimates as a barometer to measure health of the economy. Not the only barometer but one measure. 4-5-4 calendars are used for sales comparisons for week to week and not tax purposes. Manufacturing also does this. 4-5-5 is a better method in my opinion for trending purposes but that does depend on the industry you are in, or if in retail, the type of retail you operate.
Once again, in your all out effort to be right at any cost, you show a real nasty side. You are completely nice if someone agrees with you...but disagree however slightly and wow! you get nasty. It doesn't seem to matter what the topic is either.
And yes as a matter of fact I can read an annual report as well as P&L statements, trend schedules, etc. since I have compiled more than a few in my life.
Do you know any economics? Because you seem to be all knowing about every topic on every thread and heaven forbid someone think otherwise. Heaven forbid if someone doesn't want to be part of your Borg.
Well you don't even need to know economics to understand the trend estimates and earnings estimates associated with fourth quarter especially in regards to retail. You need only listen to the news and the constant barrage of sales being up or down for Christmas. The constant barrage of earnings estimates for Black Friday and now Cyber Monday and whether those earnings estimates are met. The bulk of the industry counts October thru December as the Super Bowl of retail and that includes Target and Best Buy.
Interesting you google and give me stats from two of the most leftard companies in America as well.
Fiscal years for publicly traded companies are selected by the publicly traded company not by your calendar standards. Many retailers choose 1/31, many use a 4-5-4 calendar.
Have you heard of Target Corporation? Do you know how to read an annual report? Here's the link. Notice on the face page: For The Year Ended January 28, 2012. http://www.sec.gov/Archives/edgar/data/27419/000104746912002714/a2207838z10-k.htm
Best Buy has a different year end. Notice on the face page: For The Year Ended March 3, 2012 http://www.sec.gov/Archives/edgar/data/764478/000076447812000035/bby-201210k.htm
Perhaps you would like to inform the CEOs and the CFOs of Target Corporation and Best Buy that you disagree with their year end dates.
The White House on Wednesday blamed the devastation from Superstorm Sandy well actually spending had to increase for the clean up efforts! And let's not forget the tens of millions spent on campaign ads, jet-setting around the country, fancing dinners, etc. That should have caused the economy to grow!
"It is Bush's fault!" says the Cult Leader to lapdogs.
Using the logic of the leader (an oxymoron), anything that happens that is negative is Bush's fault, Rush's fault and Fox News' fault.
Makes sense when you drink the Kool-Aid and kiss the buttocks of the Cult Leader.
"That law will slash some $1.2 trillion in spending over 10 years by targeting domestic and defense programs with across-the-board cuts. Obama and Republicans in Congress have been starkly at odds over how best to replace the sequester with less disruptive debt-battling measures. The president has said spending cuts must be paired with tax revenue increases, something Republicans oppose."
Uh, Obama agreed to the sequester and signed it into law. And last I checked, the GOP caved on tax hikes. Maybe not to the degree Obama wanted, but he got 3/4 of the "revenue" he would've had if people making as little as 200k were included.
Besides, if we don't allow the sequester to go through, where the hell are these cuts gonna come from? Obama and the Dems refuse to lift a finger on entitlements.
Yes, just go to HuffPo. While there are many not buying it, the loyal Kool-Aid drinkers are blaming "GOP obstructionism"...
Spending Cuts????????? What spending cuts is Zero blathering on about? Here I'll fix it for him; "Spending Cuts", that's closer to reality.