Thursday February 16, 2012

yabits's past comments

  • 0

    yabits

    Yes, they are set to expire, and in fact are already doing so. However by choosing not to act, Obama is choosing to repeal them.

    Thank you for the laugh!!

    When Bush signed the tax cuts into law, he was also signing a major tax increase in ten years time. That is how the cuts were sold to the American people just in case the Republicans somehow managed to run the federal budget out of the black and into the red.

    Readers should recall that the tax cuts were sold against projected surpluses, and that supply side voodoo cause some to predict that the cuts would more than pay for themselves. Just like the Iraq war and reconstruction would pay for themselves.

    Posted in: Obama says crisis is time of 'great opportunity'

  • 0

    yabits

    He is claiming to be doing this, but he is repealing the Bush Tax cuts.

    The so-called "Bush tax cuts" were set to expire in ten years at the time they were enacted. The political rationale for extending them could only be justified if the federal budget remained in the black -- which Bush pretty much killed.

    Posted in: Obama says crisis is time of 'great opportunity'

  • 0

    yabits

    I believe in Chinese the kanji for crisis and opportunity are the same.

    Not quite. Crisis is made up of two characters, danger and opportunity.

    This has been misinterpreted in the West, but it simply means that, in a crisis, there is the opportunity for danger.

    Posted in: Obama says crisis is time of 'great opportunity'

  • 0

    yabits

    In that light, I agree with Obama, there is opportunity in crisis. I am making out like a bandit.

    If that is the case, why do you whine and moan so much?

    Posted in: Obama says crisis is time of 'great opportunity'

  • 0

    yabits

    If they are smart, they put as much of it into funds which will protect them from the next set of problems...

    LOL!! So you agree that stuffing money into mattresses is not the right thing to do. Trading dollars now for tangible assets and collectibles --AKA "spending" -- might be the wisest thing to do.

    When a politician says...

    When George W. Bush declared his "strong dollar policy" back in 2004, I went heavily into Swiss franc-based investments. One of the best things I ever did...

    Posted in: Obama says crisis is time of 'great opportunity'

  • 0

    yabits

    President Obama is right. So many fortunes will be made throught his crisis that it would surprise the unsuspecting. The clock has started for long term gains for all those with what it takes to shrewdly invest in stocks.

    Posted in: Obama says crisis is time of 'great opportunity'

  • 0

    yabits

    Wow, molenir, You say Pres. Obama is the worst since Pres. Carter...

    The basic problem here is giving creedence to anything that Molenir has to say about anything.

    Posted in: Obama touts stimulus gains despite economic woes

  • 0

    yabits

    am not saying he is wrong and I am not on a campaign to do so. I just can't find any basis for the statement [that small businesses create 80% of the jobs].

    Well, take a look at the charts on the study at the link below "Business Formation and Dynamics by Business Age." Yes, when you look at statistics over a 1-2 year period, small businesses do create a lot of jobs, but nowhere near 80%. The problem is that many small businesses don't last as long as five years, and so they're also a big destroyer of jobs too.

    I've got to laugh a bit, because when someone gets laid off and attempts to start their own business, the act of doing so creates one job. There are a lot of individuals who do this. Millions of them. But they don't "hire" anyone but themselves, and more likely than not, they are back trying to work for a larger, more established business within five years.

    The key metric is NET job creation, and especially, the net job creation of employees beyond the owner or sole proprietor. When you average out the creation of jobs by small businesses with the destruction of jobs by the same, it isn't all that impressive.

    http://www.ces.census.gov/docs/bds/bdspaperCAEDmay2008dec2.pdf

    Posted in: Obama touts stimulus gains despite economic woes

  • 0

    yabits

    Bush in 2001, and again in 2005, put up his hand and swore an oath to preserve, protect and defend, NOT the American people, but the Constitution of the United States, to the best of his ability. And then, for the most part, he had his legal experts attempt to tap every weakness, ambiguity and loophole in the Constitution in order to increase the power of the Executive Branch -- acts which can easily put the Constitutional balance and the enumerated rights within the document at great risk.

    Now, there is the letter of the law, and then there is this thing called the spirit of the law. I believe the oath is there to attempt to remind the person taking the office of that. As well it should remind those of us citizens who are witnesses to that oath. Bush and his team responded to the attacks of 9/11 in a way that showed their true colors, and shows just how easily the US could slide away from being a democratic republic.

    Now, maybe we should be grateful to Bush and his team for revealing this all to us. But, as far as I am concerned, Bush, in taking his oath, was a far bigger and more dangerous liar than Bill Clinton with his pants down.

    Posted in: Obama releases secret Bush anti-terror documents

  • 0

    yabits

    The crap he spews, like with many lower grade Republicans, is a long string of mislabeling, mis-definition, and scare tactics aimed at simple and paranoid minds, of which there are far too many in America.

    Well put. No liberal that I've ever met feels so insecure that they need to have their world explained to them on a near-daily basis by a buffonish entertainer. We know that the world is composed of various shades of gray, rather than black and white.

    Posted in: Limbaugh, Pelosi take flak in White House-Republican battle

  • 0

    yabits

    A challenge to you: show me one, just one, indication of Obama attempting to turn America into a real socialist state...

    I doubt if any of Rush's fans could rise to that challenge. It is far easier to mislabel anything that isn't in lockstep with conservative ideology as "socialism," and then use the tag to justify wanting a president and his nation to fail.

    Posted in: Limbaugh, Pelosi take flak in White House-Republican battle

  • 0

    yabits

    The clock is ticking on the Democrats. tick tock, tick tock.

    LOL... Yes, but everyone can see who wound up the clock and attached their explosive device to it, before the Democrats stood up and rose to the challenge of dismantling the thing.

    The cowardly Republicans now spend their time praying the thing will blow up. If only they could love the United States the way they love their power-trips and their sanctimony.

    Posted in: Limbaugh, Pelosi take flak in White House-Republican battle

  • 0

    yabits

    So yabits, any idea what position Limbaugh has taken in regards to massive government spending...

    We do have Limbaugh's own words above, in the body of the article. He flat out wants President Obama to fail. As the article states, even other Republicans are cringing at Rush's remarks.

    On the one hand, it can be argued that driving a government towards complete and utter failure has been the plan of some of the more mentally-disturbed of the Republicans all along. After all, government (as in "we the people") to them has always been the enemy, the problem. And the Republicans' actions in taking the US from a surplus situation in 2000 towards massive deficits was all very much calculated. Anyone recall the Republican who said they wanted government to collapse to the size where it could be drowned in a bathtub?

    On the other hand, as in his statements above, Rush has proven himself to be a buffoon time and time again. Why would anyone who is intelligent or serious spend time considering the positions taken by a dishonest buffoon? Just like those simple country folks who think that pro wrestling is real, they think that Rush actually has something intelligent to say.

    Posted in: Limbaugh, Pelosi take flak in White House-Republican battle

  • 0

    yabits

    Speaking Saturday to a conservative convention in Washington, he said: “What is so strange about being honest and saying, ‘I want Barack Obama to fail if his mission is to restructure and reform this country so that capitalism and individual liberty are not its foundation? Why would I want that to succeed?’”

    Where was Limbaugh when his Republicans were destroying the country to the point that it would have to turn to the remedies he so decries now? Where was he on the Patriot Act and warrantless wire-tapping?

    Being honest would be a strange condition for Rush Limbaugh. He is to an intellectual discussion what pro-wrestling is to a genuine competitive sport. Both (Limbaugh and wrestling) will rot your brain if you allow them to. And both seem especially popular in the brain cell-depleted red states.

    Posted in: Limbaugh, Pelosi take flak in White House-Republican battle

  • 0

    yabits

    It took Ronald Reagan about 2 years to fix the economy that Ford and Carter screwed up over a 6 year period.

    More historical revisionism, since it omits any mention of economic conditions under Nixon that became such that he was compelled to issue wage and price controls to try to rein in inflation. Also, no mention of the first 1973 oil shock and Nixon's taking the US dollar off of the gold standard. Like Obama today, Carter inherited economic conditions in serious decline.

    What Carter did was to swallow a political suicide pill by appointing a Fed Chairman (Volker) who raised interest rates to the point where it finally choked off inflation for a generation. Reagan kept Volker (and his high interest rate policy) in place.

    Posted in: Limbaugh, Pelosi take flak in White House-Republican battle

  • 0

    yabits

    Who makes the budget? Congress, not the President.

    WRONG!!

    The Office of Management and Budget puts the initial budget together, and OMB reports to the executive branch.

    Posted in: Obama forecasts record $1.75 tril deficit in his 1st budget

  • 0

    yabits

    Democrats own the Republicans' sorry derrieres.

    Posted in: Obama forecasts record $1.75 tril deficit in his 1st budget

  • 0

    yabits

    He's neither seen nor heard of it.

    Oh, yeah. He's seen it.

    Just ask Hans Blix.

    Posted in: Iran angered over films 'The Wrestler' and '300'

  • 0

    yabits

    Perhaps better known as the "Elizabeth Saunders Home."

    Miki Sawada is one of those rare people who are great souls.

    Posted in: Anna Tsuchiya introduces documentary on orphanage for Japanese-American children

  • 0

    yabits

    I hear Kim Jong Il is still not over his portrayal in "Team America."

    Posted in: Iran angered over films 'The Wrestler' and '300'

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