If you want to lower the deficit...

[classicman]

Originally Posted by tw

You must when politics are more important than reality.

Wrong

You do not even give one good reason for your beliefs. You disagree because the politics says how to think.

Look them up yourself.

and even forget that TARP was created by George Jr's administration.

Incorrect again

[tw]

Originally Posted by classicman

Wrong

Look them up yourself.


Incorrect again

Wow. All the intelligence and reasoning of Urbane Guerilla.

[morethanpretty]

Gotta back up TW

http://en.wikipedia.org/wiki/Trouble...Relief_Program

The Troubled Asset Relief Program, commonly referred to as TARP or RCP, is a program of the United States government to purchase assets and equity from financial institutions to strengthen its financial sector which was signed into law by U.S. President George W. Bush on October 3, 2008. It is the largest component of the government's measures in 2008 to address the subprime mortgage crisis.

Originally expected to cost the U.S. Government $356 billion, the most recent final net estimate of the cost, as of October 5, 2010, will be close to $30 billion, including expected returns from interest in AIG.[1] This is significantly less than the taxpayers' cost of the savings and loan crisis of the late 1980s. The cost of that crisis amounted to 3.2% of GDP during the Reagan/Bush era, while the GDP percentage of the current crisis' cost is estimated at less than 1%.

From wiki, but nonetheless as far as I know it matches other sources.

[morethanpretty]

Haven't thoroughly investigated, but this might be useful info:

http://freegovinfo.info/node/2225

[xoxoxoBruce]

What? Vermont got a million dollars! Why I oughta...

[classicman]

Originally Posted by tw

Wow. All the intelligence and reasoning of Urbane Guerilla.

You threw out your biased OPINION of me. I stated factually that you were incorrect - AGAIN. Just like the last thread we did this in where tw was proven wrong and wasn't man enough to admit it.
What makes you think I would waste any more time refuting your bullshit. Those statements of yours aren't even worth refuting.

[tw]

Originally Posted by classicman

You threw out your biased OPINION of me. I stated factually that you were incorrect - AGAIN.

You posted extremist rhetoric without supporting facts. Your soundbyte denials earned an appropriate challenge. And, of course, you were again wrong - as proved by your empty reply.

morethanpretty posted more supporting facts. An example of what informed people do. Contrary to wacko extremist rhetoric, TARP may have been so carefully implemented as to maybe make a profit.

More examples of why George Jr’s extremist agenda created current, massive deficits and so many other problems are listed in Fracking - where is it headed ?. You ignored reality then. And you will ignore reality now.

You still do not even give one good reason for your beliefs.

Long term damage due to the political agenda was defined years ago. Recession created by tax cuts and fiscal mismanagement was predictable. We are now suffering consequences of George Jr’s ‘welfare to the rich’ (and other lies including Mission Accomplished). All directly traceable to extremism that now praises Palin and O’Donnell.

So where are your facts? Again I call upon you to post supporting facts. You don’t. You cannot. Again you ignore so much damage to America summarized here. Instead you are doing it again. Facts replaced by soundbyte accusations and personal insults. Where are your facts? Why do I keep asking? Why do you even deny this long history?

The 1990s were the longest period of growth in American history. What did Clinton do early in his administration? He raised taxes. Why do extremists so conveniently forget that? Using your soundbyte reasoning, a tax increase created jobs. Reality. A balanced budget created many years of economic prosperity. Tax cuts – welfare to the rich – have a history of creating, many years later, one of the worst recessions in American history. How convenient that you ignore facts.

America is finally in a long term process of fixing its fiscal mismanagement. It will take a decade. Money games - ie tax cuts for the rich - were never a solution.

What creates jobs? When the richest have a smaller percentage of the wealth. When the people who create most jobs - the other 98% - are wealthier. What happened to the other 98% due to tax cuts and other lies? Their income dropped 2%. Just another reason for job losses. How to make a prosperous America with more jobs? Wealth among those with lowest incomes must increase at the expense of the wealthiest.

[classicman]

Sorry Tom, Your baseless lies and accusations do not deserve any response. Your tactic of throwing around accusations in order to get the accused to defend himself thereby avoiding any discussion is infamous, yet tiresome. It is a common and well known tactic among extremists, you have apparently learned well.

Oh, and quoting yourself three times in one post is a lame attempt to offer some type of credibility to yourself is really pathetic - even for you.

Any questions tom, see post #21.

[tw]

Originally Posted by classicman

Sorry Tom, Your baseless lies and accusations do not deserve any response.

Translation. You cannot defend massive deficits and economic destruction created by an extremist president. Your economics, politics, and lies demonstrate why government blew out a budget surplus. And then incurred $trillions more debts on more wacko extremist lies - ie Mission Accomplished, ‘welfare to the rich’.

Why do we now have Christine O'Donnell? Wacko extremists need new frontmen for their extremist agenda. To subvert everything from stem cell research to government oversight of a most corrupt American industry - the finance industry. To even subvert our relationships with other nations. Hate of Muslims (ie O'Reilly, Beck, Limbaugh) in lower Manhattan is how extremists rally their supporters - including you.

You did not even know TARP was created by George Jr. Competent fiscal management might even result in a profit. Unknown where extremist news sources will not discuss this reality. Avoided in your every posts. Repeated because you still deny reality. Extremist news sources forget why we have deficits and a massive recession. Eight years of George Jr and his extremist administration. Their politics are your politics. You would return them to destroy the American economy but again?

No matter how often you spin it - balanced budgets came from Clinton. Massive debts, economics destruction, and even the biggest corruption scandel in American history are directly traceable to your extremist political policies. You did not even know TARP was created by George Jr.

You cannot defend yourself. Deficits are directly traceable to extremism, the associated corruption, and defacto lies. Same extremist politics that massacred 4.400 good Americans in Iraq for no purpose now lies about who created these deficits. When lying, best is to only post soundbytes and insults. O'Reilly would be proud.

[classicman]

I need not defend myself. You are incorrect. You cannot admit that.

Repeating the same thing does not make it true - no matter how many time you continue your rant.
I am much more informed than you want to think. Infinitely more than you could possibly admit.
Now run along and pick on someone else. You are incorrect and boring me.

[tw]

Originally Posted by classicman

I need not defend myself. You are incorrect. You cannot admit that.

Boy do I have you by the balls. You reply immediately - with same empty accusations and (as usual) without even one fact. Extremism, lies, and soundbyte logic. Synonyms.

How to end the deficit? Ban the bomb. Wipeout war. Let scientists do science. Watch over Wall Street. Eliminate extremists. Soundbytes actually based in reality.

BTW TARP was created by George Jr. Same political agenda that also let bin Laden go free. Or did you forget reality again?

[classicman]

Sorry tommy, I have a firm grip on reality. I made no accusation. Just the fact that
YOU ARE WRONG - again. And that you cannot admit it.
But go ahead and keep on ranting and raving. You are almost to the point of being humorous.

Continue throwing your bullshit against the wall - some MIGHT stick, but that would be attributed to luck moreso than fact.

[classicman]

Cue the next rant in 3...2...1...

[HungLikeJesus]

Do you mean that he's wrong about TARP?

[tw]

Originally Posted by classicman

Sorry tommy, I have a firm grip on reality. I made no accusation. Just the fact that
YOU ARE WRONG - again. And that you cannot admit it.
But go ahead and keep on ranting and raving.

Replies so similar to UG's. But at least he tried to post reasons why.

How ironic. You said you were bored and would leave. And still your replies come only minutes later. Good to know you sit waiting for my every post with bated breath.

Reality remains fact on. You did not even know TARP was created by George Jr. Right out of the extremist playbook to blame Obama for TARP, massive deficits, and the recession. All is directly traceable to eight years of a political agenda.

But again, more facts while you reply with insults, accusations, and unsupported denials. This screwed up economy is directly traceable to wacko extremist policies including and not limited to 'tax cuts to the rich' and Mission Accomplished. Even bin Laden runs free thanks to extremist rhetoric.

Oh. That's right. You 'knew' bin Laden was dead. How did that popular extremist myth turn out for you? Oh. I'm sorry. Another reality. bin Laden runs free thanks to domestic extremists. Insults, derogatory names, and denials do not change reality.

We have so much to thank extremist rhetoric for creating. Your reply (in minutes) should include, "Your welcome."