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break the gridlock - continued uncertainty about fiscal policy will lead to disaster

Original post made by jimf01 on May 8, 2014

Here is the fundamental decision for you in 2014 and 2016. Leadership offered by the Democrats gives us higher taxes, higher spending, and higher deficits and debt.
The Republican solutions offered at least do not increase deficits, and some solutions decrease deficit spending over time, while at the same time not increasing overall taxation levels.

Maintain gridlock in DC and we maintain the status quo, which will lead to disaster. Give the power to the Democrats, and you accelerate the scenario the Fed chair warns of

Web Link

Comments (53)

Posted by Cholo, a resident of Livermore
on May 8, 2014 at 3:31 pm

the sky is falling...the sky is falling...the sky is falling...BUSTED!


Posted by jimf01, a resident of another community
on May 9, 2014 at 9:56 am

jimf01 is a registered user.

The GOP and Democrat pollsters essentially agree that this election is about defining the direction of the economy.

Quoting the linked article

GOP pollster Whit Ayres, will include the argument that "the Obama administration has had six years to turn this economy around. What they've tried hasn't worked. It's time to try a new direction."

The Democrats' economic argument "is probably the best they can do, but I don't think it will be anywhere near enough," Mr. Ayres said.

Mark Mellman, a Democratic pollster, said the key for Democrats is to frame the election as a choice between governing philosophies. "If it's a referendum on whether you like the way Democrats have governed…that's a harder election for us to win," he said.

Web Link


Posted by Cholo, a resident of Livermore
on May 9, 2014 at 10:09 am

It appears to me that your efforts to engage people in a PUT DOWN MATCH are not working.

If ANYBODY disagrees you immediately call them derogatory names and try to shame them.

It has been pointed out by other posters that you also have a clearly defined agenda with is essentially a Toy Party Agenda and that you're not interested in a reasonable dialogue but in PUT DOWN PUT DOWN PUT DOWN.

B U S T E D!

ps Incidentally what have you learned about playing the game of TOP MAN?

answer - NADA! so give it a rest...



Posted by liberalism is a disease, a resident of Birdland
on May 9, 2014 at 10:16 am

liberalism is a disease is a registered user.

derogatory names? Shame? "Toy Party Agenda" Cholo, you can be disagreeable without the personal attacks. We all hope that you'll grow up and you grow old(er).


Posted by Cholo, a resident of Livermore
on May 9, 2014 at 10:22 am

hi derog...sometimes i make a few spelling metakes...i meaned to tay the mo toy parti!

i've always enjoy making spedding erors...i toe towwy...

signed

the farmer nor the dell


Posted by Pololo Mololo, a resident of Livermore
on May 9, 2014 at 10:24 am

corections: pelling metakes...


Posted by liberalism is a disease, a resident of Birdland
on May 9, 2014 at 10:32 am

liberalism is a disease is a registered user.

Did you also mean to misspell your name, or are you Sybil? In any case, glad you chose not to further attack and demean those who are right.


Posted by Cholo, a resident of Livermore
on May 9, 2014 at 12:36 pm

my latest versee:

duh parmer nor duh dell
duh parmer nor duh dell
lie lo duh dairy-o
duh parmer nor duh dell...

tee hee


Posted by jimf01, a resident of another community
on May 9, 2014 at 12:55 pm

jimf01 is a registered user.

I am happy to have the Chola respond here to 'enliven' the conversation, all people of all walks of life are encouraged to participate.


Posted by Cholo, a resident of Livermore
on May 9, 2014 at 5:29 pm

Otay!


Posted by Cholo, a resident of Livermore
on May 9, 2014 at 8:13 pm

Incidentally...how come so few posters want to inter-act with you "j" on this blog?

hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm...tee hee hee...

answer: waiting to hear from the "j"

tip: does it have anything to do with you? hmmmmmmmmmm...?

just axing...BUSTED!


Posted by Right, a resident of Another Pleasanton neighborhood
on May 9, 2014 at 8:14 pm

Otay?! Isn't that a racist comment? I bet Buckwheat is rolling in his grave at the sound of cholo uttering this expression.


Posted by Right, a resident of Another Pleasanton neighborhood
on May 9, 2014 at 8:16 pm

Just axing? Really cholo? You're starting to sound like a rapper and not a troll.


Posted by Steven, a resident of Another Pleasanton neighborhood
on May 9, 2014 at 8:26 pm

From here it has less to do with jimf01 and more todo with that they cannot find much argument outside of how they hate, or are homophobes, racist, etc and so on.


Posted by A Neighbor, a resident of Another Pleasanton neighborhood
on May 9, 2014 at 10:50 pm

"Maintain gridlock in DC and we maintain the status quo, which will lead to disaster."

My take on Jimbo's post is that we should vote out the Repubs who are the source of the gridlock in DC, the very same haters who have put OUR president in the position to have to go it alone, and the leaders of the least effective do-nothing congress in history. Final, Jimbo, we agree on something.


Posted by Down with Oligarchy, a resident of Canyon Creek
on May 9, 2014 at 11:03 pm

Liked your comment, Neighbor.

I might add that we begin with an acknowledgement that we now live not in a democracy but rather an oligarchy. Let's begin to move toward democracy, genuine democracy, by giving American people a vote on what rate the wealthy should be taxed by local, state, and federal govts.


Posted by liberalism is a disease, a resident of Birdland
on May 10, 2014 at 6:56 am

liberalism is a disease is a registered user.

Down, while you're voting against those you despise because they've accomplished more than you ever will, keep in mind these folks are doctors, scientists, entrepreneurs, college professors, the US Senate speaker, George Soros, etc.
I suppose I can understand your petty vindictiveness and envy; you're just following the lead of your messiah.
Neighbor, not to worry, the gridlock will be broken in November, when the dems relinquish control of the Senate and Harry Reid finally gets put out to pasture. Then, he can go back to full time control of his shady real estate dealings that have netted him millions in dirty money.


Posted by Right, a resident of Another Pleasanton neighborhood
on May 10, 2014 at 10:14 am

Put it to a vote? How ridiculous. Why would we want lazy uneducated Buckwheat types voting on how to redistribute the wealth? Envious one and all, they'd vote us into communism. That's why we need strict voter laws. To make it difficult for the hoy-polloy riff raff from having too much say.


Posted by Cholo, a resident of Livermore
on May 10, 2014 at 11:42 am

some folks are hostile to everybody even if you vote...they're trying to frighten you away from the polls...how sad...i say vote vote vote

what about the extreme hate poster who also signs his secret posts with a sexualized pretend chinese name...sad indeed

chu-p chu-p chu-p lo lo

ho ho ho...signed the s. claus


Posted by jimf01, a resident of another community
on May 10, 2014 at 1:06 pm

jimf01 is a registered user.

Interesting that the counter arguments almost focus on something outside of Republicans bad, Democrats good. Mr Down counters that we live under an oligarchy, which I agree with. But turns the discussion to a solution which is to "move toward genuine democracy, by giving American people a vote on what rate the wealthy should be taxed"

You do know that we all do have a vote, don't you. No one is obligated to vote Democrat or Republican. The problem is not that people do not have a vote, it is the choices we are offered, and the choices we are making. American voters return incumbents to office at a very high rate.

Mr Neighbors statement that Republicans cause gridlock is mere parroting of a Democrat talking point. Take a good look at what Harry Reid is doing in the Senate. There is zero negotiation on a federal budget. There are many jobs bills passed in the House that die a quiet death in the same Senate. I could go on, these are only the most egregious examples.


Posted by Cholo, a resident of Livermore
on May 10, 2014 at 2:50 pm

from what I've heard from the Tea Party is that some Americans are more equal than others...

don't forget to vote against all TP candidates...republican candidates and democratic candidates...they will all stab you in the back...


Posted by john, a resident of Another Pleasanton neighborhood
on May 10, 2014 at 3:51 pm

We should have capped the salaries of employees of AIG (American International Group) to no more than what a GS-15 government worker makes (about $150,000), but neither Obama nor Bush was willing to do that. Republicans and Democrats couldn't get it passed. That would have been a good start. It could have been done by taxing whatever they earned over $150,000 at 100%. Proposals like that were floating around in early 2009, but industry lobbying killed that. Too bad. Dodd/Frank legislation never fixed are financial system properly.

Fixing our corrupt and broken financial system is a more immediate problem than dealing with structural deficits. We are likely to see another blowup, possibly worse than 2008, long before deficits become a problem. Fixing that should be our short term focus.

jimf01, I didn't say Republicans bad Democrats good.


Posted by Kathleen Ruegsegger, a resident of Vintage Hills Elementary School
on May 11, 2014 at 9:57 am

Kathleen Ruegsegger is a registered user.

john, capping salaries was recently tried in one country and failed: Web Link

You probably need to fix the corrupt and broken governments at the same time. We can't keep living on see a dollar, spend two.


Posted by jimf01, a resident of another community
on May 11, 2014 at 11:09 am

jimf01 is a registered user.

Fixing corruption in government by making it illegal for private citizens to earn over $150,000? Not even a teeny bit logical.


Posted by Damon, a resident of Foothill Knolls
on May 11, 2014 at 11:32 am

@jimf01

Those "private citizens" were working for a company that was getting bailed out by the US government. Many of them had some direct responsibility for the financial meltdown. Finally, a lot of them had the gall to believe that they deserved the customary big fat Wall Street annual bonuses even while their company was on life support courtesy of the US taxpayers.


Posted by jimf01, a resident of another community
on May 11, 2014 at 11:38 am

jimf01 is a registered user.

The fundamental disconnect you made there is that they are still employees of a private company. They are still free to go find other jobs. If you cap salaries at 1 company, what happens when the competing companies offer more for the same job?


Posted by john, a resident of Another Pleasanton neighborhood
on May 11, 2014 at 12:45 pm

"If you cap salaries at 1 company, what happens when the competing companies offer more for the same job?"

Exactly. Where were they going to go? What financial services company that speculated in derivatives wan't bailed out? What's a poor derivatives speculator to do?

George Will proposed the cap on ABC's This Week.

The proposal was not a fix for corruption in government. It was a fix for AIG. Will supported liquidating the company under chapter 7 bankruptcy. Henry Paulson and the Bush administration wouldn't do that. They wouldn't let natural market forces work. AIG speculated in derivatives and bet wrong. They should have been liquidated.


Posted by Damon, a resident of Foothill Knolls
on May 11, 2014 at 8:36 pm

@jimf01 "If you cap salaries at 1 company, what happens when the competing companies offer more for the same job?"

If another company wants to hire some of these bozos who were responsible for one of the greatest wealth destructions in the history of the US and pay them immense salaries and bonuses, then I say let them. After seeing the results of their financial creativity and efforts that led to the recent financial meltdown, then as a taxpayer I say that if we have to pay them to continue working I would prefer that they just sit at home reading comic books all day rather than showing up at the office and engaging in any more work in the financial services sector. It's like paying convicted arsonists to go into the woods with backpacks full of matches and gasoline.


Posted by Right, a resident of Another Pleasanton neighborhood
on May 11, 2014 at 11:30 pm

The more Damon and John speak out the more obvious it is that they are one person, a communist paid for by the Obama administration to come into sew the seeds of ruin in our nation. These plants aren't fooling any one. Its all about the disconnects, just like Jimf01 says. Hey Jamon/Dohn, if you don't like it here, go to Sweden or Norway or some other totalitarian state.


Posted by Damon, a resident of Foothill Knolls
on May 12, 2014 at 12:39 am

@Right

Nice try but it's pretty obvious that you're the plant: a liberal pretending to be a conservative. No true conservative would be in favor of taxpayer-provided pay and bonuses for incompetent fat-cat Wall Street bozos who nearly wrecked this country. Nice try, though. Oh yeah, and not even Sweden and Norway have their bankers and finance people on the public dole. But you would like to change that, though, to societies where everyone works for the government and everyone gets rich off bonuses without having to do any real work. Try shipping out and seeing how you like living in a real socialist country and take Hillary with you.


Posted by Right, a resident of Another Pleasanton neighborhood
on May 12, 2014 at 9:10 am

Yet another rant from Damon, yet another fundamental disconnect. I'd happily send Hilarity and other Democrat Party communist hacks packing to Sweden. And Damon should be with her.

What people like these and their ilk don't realize is that America is great because of the freedom it gives job creating heroes to reveal their talons. Nor, AIG was only doing what was best for the country. Trying to overcome Big Government overreach.

We have a choice in the fall. Vote for the Republican Party of freedom. Or the Democrat Party which wants to turn this country into the Soviet Union.


Posted by john, a resident of Another Pleasanton neighborhood
on May 12, 2014 at 6:27 pm

Jimf01,

Please address the points Damon and I raised, if you get the chance.

Also, wouldn't agree that if you're going to bail out a company like AIG don't you need to take step to make sure you won't have to do bailouts again in the future? What steps would you take?

Thanks.
John


Posted by john, a resident of Another Pleasanton neighborhood
on May 12, 2014 at 9:06 pm

Meant to say "Also, Wouldn't you agree" not "Also, wouldn't agree"


Posted by john, a resident of Another Pleasanton neighborhood
on May 12, 2014 at 11:21 pm

Damon and jimf01,

What's your take on Tim Geithner's new book? (I haven't read the book, just some of the interviews he's given). He sure seems to think he's got nothing to apologize for.


Posted by Right, a resident of Another Pleasanton neighborhood
on May 13, 2014 at 7:32 am

Its amazing how the diseased ones who call themselves liberals work so hard to deflect away from the issues that matter. Their disconnects exposed, now they ask ridiculus questions that are meant to change the subject. Great job JimF0l you've exposed them for what they are. I doubt their even worth a response. Its so hilarious to sit from here and watch them pin their hopes on the brain damaged Hilarity.


Posted by john, a resident of Another Pleasanton neighborhood
on May 13, 2014 at 2:46 pm

jimf01,

Are you still out there? I was interested in hearing how you would deal with AIG.

And the answer to the other questions.

Like, you said " what happens when the competing companies offer more for the same job?"

And I and said cap all the ones that were bailed out (that's all of them).

That would just be the beginning. I would bring back all of Banking Act of 1933, the uptick rule, and require all derivatives to be traded on public exchanges.


Posted by cosmic-charlie, a resident of Downtown
on May 13, 2014 at 3:29 pm

john, thanks for including the reference to the 1933 Banking Act...something I was unaware of, and as a result, I found this open letter addressed to both S. McCain and S. Obama dated October 2008 Web Link

Interesting that the Uptick Rule [Short Sale Rule] was repelled in 2007, just before the bottom went out in 2008! Learn something new every day! Thanks for that!


Posted by john, a resident of Another Pleasanton neighborhood
on May 14, 2014 at 9:05 am

cosmic-charlie, you're welcome.

jimf01, Have you gone away? Please respond if you get a chance. This was your thread.


Posted by jimf01, a resident of another community
on May 14, 2014 at 10:40 am

jimf01 is a registered user.

Was my thread. You have gone far afield of what I am discussing, or trying to.

Regulation of financial firms is one aspect of fiscal reform, but the most important factor at the moment, and my topic, is the upcoming election. If you want another pot of poo like Dodd-Frank, go ahead and hand control back to the Democrats.
If you want any kind of restraint to federal spending, the control of both houses of Congress must be with the Republicans at this point.


Posted by john, a resident of Another Pleasanton neighborhood
on May 14, 2014 at 11:02 am

Thanks for answering, but I don't see what alternative to Dodd-Frank the Republicans are offering. The last time the Republicans had control, they oversaw the same toxic combination of financial deregulation and large scale bailouts. They were no better than Democrats. Cutting taxes and cutting spending won't solve the problem of our broken financial system. Financial panics cause huge deficits. That's what happened in 2009.

We need candidates, Democratic or Republican, who will focus on fixing the financial regulatory system. That, to me, is the pressing issue, the highest priority.


Posted by jimf01, a resident of another community
on May 14, 2014 at 11:12 am

jimf01 is a registered user.

Financial panics cause huge deficits? Ludicrous. We can elect better Republicans, we can have sane fiscal reform with a prudent regulatory component. But right now it is mostly a lesser of two evils type of decision. That is a sad truth


Posted by john, a resident of Another Pleasanton neighborhood
on May 14, 2014 at 11:33 am

"Financial panics cause huge deficits"

By killing the revenue side, yes. When the economy collapses, you collect a lot less in taxes.

"This recession clobbered federal revenues (tax receipts--red line), which still have not regained their 2007 bubble highs."

Web Link


Posted by jimf01, a resident of another community
on May 14, 2014 at 11:40 am

jimf01 is a registered user.

This recession clobbered federal revenues (tax receipts--red line), which still have not regained their 2007 bubble highs

So are you in favor of a bubble?

Are you aware that even if the revenues DID reach that level again, there would still be a deficit?

Perhaps consider that it is not the financial panic and ensuing recession which is mainly to blame. Democrats cam in to power and spent massively in what turned out to be a wasteful stimulus, and expanded government further with Dodd-Frank and PPACA.

Tax increases, growth of government and massive increases in deficit spending, bad recipe for economic recovery. We know that much by now.

But the Democrats have already planned more if they are returned to power in 2014 and 2016


Posted by john, a resident of Another Pleasanton neighborhood
on May 14, 2014 at 2:03 pm

"So are you in favor of a bubble?"

Of course not. The point is recessions increase deficits. Isn't that obvious. Please try not to disagree with everything.

"Are you aware that even if the revenues DID reach that level again, there would still be a deficit?"

The charts are right there. There is, of course, the possibility that revenues would get even higher than that without a bubble, if we choose the right path, or are just lucky.

"... and expanded government further with Dodd-Frank and PPACA. "

I'm not at all against expanding government, or at least restoring government influence that we had when regulations like the banking act of 1933 and the uptick rule were in force. I think the collapse of AIG dramatically showed us that government needed to expand into to the area of regulating over-the-counter derivatives. That would go a long way in putting trust and transparency into the system.

"Perhaps consider that it is not the financial panic and ensuing recession which is mainly to blame."

Yes.

"Democrats cam in to power and spent massively..."

Just like the Republicans. The bailouts were a Bush thing and so was Medicare D.

Tax increases and expansion of government didn't cause the financial panic.

I would be happy to vote for a Republican or Democrat who brought a good proposal to the table for fixing the financial system. John Hunstman at least addressed the issue in the last election cycle, for instance.


Posted by Right, a resident of Another Pleasanton neighborhood
on May 14, 2014 at 2:10 pm

We need someone who rained in spending like Bush did before Buckwheat became "president" and things went to hell in a handbasket.


Posted by jimf01, a resident of another community
on May 14, 2014 at 2:34 pm

jimf01 is a registered user.

recessions increase deficits - I will not disagree with that. It's a different statement

I see it repeated that the repeal of Glass-Steagall and the uptick rule were major changes that brought on the secretive derivative trading and hastened the collapse. So why not just restore those regulations? Every problem doesn't require reinventing the wheel.

There is middle ground on sane fiscal reform. It is widely agreed (outside of DC) that the Fed needs to be audited, for example.


Posted by jimf01, a resident of another community
on May 18, 2014 at 8:38 am

jimf01 is a registered user.

How sad is it that this has only 400 some odd views? The most important issue facing voters, but even people who would say they are "paying attention" glaze over at the mention of fiscal policy.


Posted by Right, a resident of Another Pleasanton neighborhood
on May 18, 2014 at 5:40 pm

(Post removed by Pleasanton Weekly Online staff.)


Posted by liberalism is a disease, a resident of Birdland
on May 18, 2014 at 5:48 pm

liberalism is a disease is a registered user.

(Post removed by Pleasanton Weekly Online staff.)


Posted by Right, a resident of Another Pleasanton neighborhood
on May 18, 2014 at 7:51 pm

(Post removed by Pleasanton Weekly Online staff.)


Posted by Formerly Dan from BC, a resident of Bridle Creek
on May 19, 2014 at 11:24 pm

Formerly Dan from BC is a registered user.

jimf01,

It's way worse than apathy, its willful ignorance and blind allegiance.

Benghazi; IRS corruption; Climate Disruption (formerly Global Warming and Climate Change); profligate spending; ACA (Obamacare); immigration policy; Ukraine...and the list goes on and on.

We are in a sad state of affairs and all the other side can do is blame Bush or the republicans. I absolutely railed against Bush for some of fiscal policies, but you will never hear a Dem utter a negative about Obama. And Obama's record is abysmal in almost every respect.

I'll give John credit, at least he tries to provide answers.

Dan


Posted by Right, a resident of Another Pleasanton neighborhood
on May 20, 2014 at 10:52 am

It's way worse than apathy or blind allegiance. It's lemming-like, robotic marching to the tune of socialism, indoctrinated into our citizenry by socialist unionist teachers who only think about overthrowning this country. Bush may have had his faults, but his hands were tied by a Democratic cabal in Congress. Wouldn't be bad for the country at all if we got Bush back in.

The irony of history. We have Bush as one of the greatest American presidents, and now we have Obambi as undoubtedly the worse.


Posted by Here it is, a resident of Danbury Park
on May 20, 2014 at 4:19 pm

Jim01

In answer to your question just look above. Pleasanton Weekly is no different than the rest of the media. If it is not liberal then they just delete or do not report it. No one at PW objectively covered the Vranesh removal nor are they covering the water issue. It does not fit the agenda and does not get reported. Apathy explains a lot. Why even vote in a state so very crooked.


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