Presidential Debate #3: 9 PM ET, 10/15/08 - Page 3

DaytonBuck · #31 (**permalink**) 10-15-2008, 07:54 PM

Quote:

Originally Posted by kinch

What? I honestly may not get your point.

For years our "growth" has been based on the facade of housing prices and construction of houses due to the same. The stock market likes growth.

Wouldn't the tech bubble be a bigger net tax gain for the feds via capital gains than housing market? From my understanding the dot com bubble had more play on federal tax revenues than the housing bubble.

fourteenandoh · #32 (**permalink**) 10-15-2008, 07:59 PM

Quote:

Originally Posted by MuckFich06

I don't know about any bubble bursting on Bush, but this is a pretty interesting chart:

correlation does not always imply causation.

it is an interesting chart though

CookyPuss · #33 (**permalink**) 10-15-2008, 08:01 PM

Quote:

Originally Posted by fourteenandoh

correlation does not always imply causation.

it is an interesting chart though

Agreed. I'd like to see a similar chart with the make up of congress during those years as well as the 2 years following each presidency.

kinch · #34 (**permalink**) 10-15-2008, 08:23 PM

Quote:

Originally Posted by DaytonBuck

Wouldn't the tech bubble be a bigger net tax gain for the feds via capital gains than housing market? From my understanding the dot com bubble had more play on federal tax revenues than the housing bubble.

The point is that it propped up a false economic security and growth. Though it is not direct to the stock markets, it is as influential.

Hell, the funny thing is that the Economist and other economic mags have been predicting this for YEARS. We all knew. We were just waiting.

This is what happens when you prop up only one side of the economy (consumerism only).

CookyPuss · #35 (**permalink**) 10-15-2008, 08:26 PM

Anybody else think this debate is going to be absolutely boring unless McCain strips naked or Obama sets himself on fire?

sandgk · #36 (**permalink**) 10-15-2008, 08:29 PM

Quote:

Originally Posted by MuckFich06

Anybody else think this debate is going to be absolutely boring unless McCain strips naked or Obama sets himself on fire?

Palin in green-face doing a belly dance behind Bob Schieffer?

kinch · #37 (**permalink**) 10-15-2008, 08:33 PM

Quote:

Originally Posted by MuckFich06

Anybody else think this debate is going to be absolutely boring unless McCain strips naked or Obama sets himself on fire?

Oh what, Obama in a clown suit wouldn't suffice?

Your expectations are too high.

I want the clown suit. Nothing more. I understand politics.

DaytonBuck · #38 (**permalink**) 10-15-2008, 08:34 PM

Quote:

Originally Posted by kinch

The point is that it propped up a false economic security and growth. Though it is not direct to the stock markets, it is as influential.

Hell, the funny thing is that the Economist and other economic mags have been predicting this for YEARS. We all knew. We were just waiting.

This is what happens when you prop up only one side of the economy (consumerism only).

I agree. I was referring to the tech bubble being a greater generator of revenue for the government than the housing bubble.

kinch · #39 (**permalink**) 10-15-2008, 08:36 PM

Hmm. You may be right, but frankly that get's complicated. Off hand, I agree.

jimotis4heisman · #40 (**permalink**) 10-15-2008, 08:37 PM

Quote:

Originally Posted by ORD_Buckeye

My take on the Biden-Palin debate:

im going to politely ask you to remove this. i think its totally inappropriate. not only is it wrong it is degrading.

DaytonBuck · #41 (**permalink**) 10-15-2008, 08:39 PM

Quote:

Originally Posted by kinch

Hmm. You may be right, but frankly that get's complicated. Off hand, I agree.

YouTube - Snakes on a Plane

Best Buckeye · #42 (**permalink**) 10-15-2008, 08:41 PM

Quote:

Originally Posted by jimotis4heisman

im going to politely ask you to remove this. i think its totally inappropriate. not only is it wrong it is degrading.

I agree , no way Glenn Ford was a pimp.

Tresselbeliever · #43 (**permalink**) 10-15-2008, 08:46 PM

Quote:

Originally Posted by DaytonBuck

I agree. I was referring to the tech bubble being a greater generator of revenue for the government than the housing bubble.

It wasn't so much the stock market bubble as the increase in productivity brought on by the revolution of information technology. The workers of the economy became more efficient, and produced more as a result. And the higher wages translated into higher tax revenue. Also don't forget that defense spending went down dramatically after the end of the cold war, and social entitlement programs weren't such a burden yet.