Thread: Hmm Repubs out and offshore tax cheats pay...go figure

[quote name='mjollnir' date='17 November 2009 - 12:47 PM' timestamp='1258480026' post='61591']

Dude....you are dead wrong. The federal reserve has cost us PLENTY!! What do you think caused the depression as well as the shit we are in now??

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Changes in regulation rules and lack of oversite by the GOP when they had the reigns

[quote name='mjollnir' date='17 November 2009 - 11:47 AM' timestamp='1258480026' post='61591']

Dude....you are dead wrong. The federal reserve has cost us PLENTY!! What do you think caused the depression as well as the shit we are in now??

[/quote]





No, im right.. bad decisions by the executive branches of the last two terms, in bail out money and shelters of dying industries have caused us the mess were in now and even more so the current term's excessive spending. BTW, we are not in a depression, a recession, yes.

[quote name='liberalman' date='17 November 2009 - 12:49 PM' timestamp='1258480155' post='61592']

Changes in regulation rules and lack of oversite by the GOP when they had the reigns

[/quote]



Wrong again!! The federal reserve system, in and of itself, created this mess we are in. We never really fixed the problems that caused the depression!

[quote name='mjollnir' date='17 November 2009 - 02:56 PM' timestamp='1258487819' post='61653']

Wrong again!! The federal reserve system, in and of itself, created this mess we are in. We never really fixed the problems that caused the depression!

[/quote]





Sorry my delusional friend but the fact is the Fed is not the big evil that you all love to whine about. The Fed has had a slew of good and a few bad heads...For a good head one need only take a look at Paul Volker you know the guy at the FED who fixed stragflation so that Reagan could take credit for Carter's huge cajones and was largely responsible for fixing the mess that Carter inherited from Nixon's appointee Burns...Who is seen today as a textbook example of what happens when short term politcal gain is paid for by the FED. The same thing can be said of Greenspan under the Bush II Administration wherein the FED became politicized and bought into Bush's desire to buy re-election by financing homes for the entire country while holding the interest rates at an artificially low rate.



Finally, the current recession needs a strong FED to make it the tough decisions that the elected congress (of either party) will not make. Volker again is prime example of this. Get rid of the fed and wait for the market to "correct itself" and you set the country up for another depression as the "do nothing" credo once again comes from the would be Hoovers of the current generation...

[quote name='spitz9000' date='17 November 2009 - 12:54 PM' timestamp='1258480445' post='61595']

No, im right.. bad decisions by the executive branches of the last two terms, in bail out money and shelters of dying industries have caused us the mess were in now and even more so the current term's excessive spending. BTW, we are not in a depression, a recession, yes.

[/quote]







Ha ha - ROFL! Yeah, I remember you, you show up every six months or so, drop a few turds and then skat.



Why don't you stick around a while so we can clobber you a little?

Let me put this a bit more simply for you...the IRS under Bushco and the GOP was instructred to increase audits of the little guys in fact according to one study Audits of the wealthy went down 19% in fiscal year 2008 alone. LIke it or not the president does set the tone kiddo and Obama stated quite openly what his priority was...ie stopping the offshore nonsense that the right had been wiinking at for decades and now its started.





Source: Bloomberg



March 23 (Bloomberg) -- Millionaires were less likely to be called or visited by the IRS last year as the agency cut audits of the wealthiest taxpayers by 19 percent, according to a Syracuse University study.



The Internal Revenue Service audited 21,874 millionaires in fiscal 2008, 1,400 fewer than the year before. At the same time, the number of millionaires filing tax returns rose by more than 50,000, according to IRS figures.



The decline in audits came as the U.S. budget deficit ballooned to $459 billion and is forecast by the Congressional Budget Office to rise to $1.85 trillion this year. In 2008, face-to-face IRS audits of millionaires resulted in recommendations that the taxpayers owed about an additional $200,000, according to the Syracuse study. The additional-tax figure for mail audits was about $136,000, the study said.



“Just a year ago the IRS was boasting that its drive to focus increased attention on those reporting at least $1 million in income was in high gear,” said the report by the Transactional Record Access Clearinghouse, a data research center at Syracuse University.







Read more: http://www.bloomberg.com/apps/news?pid=20601213&sid=a8T...

Funny how the right does not want to face up to the fact that they and their party is the party of a nod and wink to tax cheats.....