Trump Tax Cuts In Trouble…

by
June 20, 2017

Trump-Tax-CutsA key part of House Republicans’ plan to overhaul the way corporations pay taxes is on life support, leaving lawmakers scrambling to save one of President Donald Trump’s biggest priorities and increasing the chances the GOP will simply pass a tax cut instead of overhauling the tax code.

A proposed tax on imports is central to the GOP plan to lower the overall corporate tax rate. It would generate about $1 trillion over the next decade to finance the lower rates without adding to the deficit. It would also provide strong incentives for U.S.-based companies to keep their operations in the United States and perhaps persuade companies to move overseas operations to the U.S.

But the tax faces strong opposition from retailers, automakers and the oil industry, and a growing number of congressional Republicans have come out against it. They worry that it will increase the cost of imports, raising consumer prices.

Majority Leader Mitch McConnell, R-Ky., says there probably aren’t enough votes to pass the import tax in the Senate — not a single Republican senator has publicly endorsed it. And a powerful group of House conservatives says it’s time to dump the idea.

  • Olaf Thunderfoot

    Not only does this bill need to be passed but the tariffs on the crap coming in from overseas needs to be increased so the junk costs more than the same item that’s made in the USA!

  • Richard Wittauer

    It looks like one party wants to stop the advancement of our country by putting the tax cuts in jeopardy.Email your senators and tell them to pass the tax bill for America.

    • dmttbt

      I hear yiu but here is some information for you, you can contact your senator all you want and he or she is going to agree while you are talking but they are going to do whatever they choose just like they have always done. We are asking the people that screwed things up to fix it and they ain’t going to do it.

  • tryscavage

    All Senators and Congressmen of BOTH parties who oppose tax cuts are not Senators and Congressmen. They are egotistical control freaks. THEY feel that it is best if THEY control your life.

  • Askjrsk

    Five week expense paid vacation coming up. That’s their priority. Then there’s all those high priced special prosecutors. To hell with we the people. Limousine liberals go back to Oregon or their state, live high off the hog, and count big money contributions they must have to make themselves rich, while we the people and our country suffer.

  • CCblogging

    The only voters and the politicians who are against tax cuts are people who live off our taxes. I am all for taking care of sick people with programs but those programs are being badly abused. There are many people on disability who are capable of doing some kind of work. I know there is massive deceit because it’s everywhere. I pay taxes and I resent my taxes supporting the lazy and the greedy.

    • Askjrsk

      Those special investigators like Mueller aren’t working for free. There’s no money left over. We are paying their salaries with borrowed money. That includes this five week all expense paid vacation.

  • duncmck

    we are the watchers ..its childs play watching these wolves in sheeps clothing republicans.it is not that trump can’t do wrong? it the old crony good ol boy fake narrative the fake republican party runs on is now a joke.pay attention to the (individual sovereignty) issues.you will also see how the walk is walked..property rights/speech/privacy/.how the unelected agencies like the EPA DOE AMA FDA on and on are used as weapons not as purposed to forward social engineering long term protocols..i knew trump was the real macoy because he goes after the premise..this is way beyond these traitors political reality..this is their premise as to why they need to destroy trump..we are watching the enemy..we know about the cultural marxist democrats .the republicans in the house and senate..many are traitors to the sovereignty of the individual..they dool sophism rhetoric and claim they do..watch their actions.the antitrump stance is the first sign.he has more real experience in the trenches than these maggots in the dog and pony show ever dreamed of..unqualified?? trump?? laughable..dog and pony show is for little kids..are you little kids? or are you citizens of a self governing society?

    • CCblogging

      They want our money, they want our guns, they want our freedoms, they want our submission. They are Globalists!

      • duncmck

        ..BRAVO !!there is a word to get right to the point ..trilateralists..also the color revolution brought to you by soros and the british empire intelligence agency proxy for the american deep states ability to go outside our constitution and legally spy on the world .and? visa versa for them using our intelligence agency…pure evil..IMO

  • ROB

    The leadership in congress is awful. THE #1 CONCERN FOR MOST CONGRESSMEN IS TO GET REELECTED. PERIOD. Don’t cause any waves and promise if reelected to get all these bills passed. Soon as they are reelected the foot dragging starts all over. TERM LIMITS ARE THE ONLY ANSWER..

    • Worried Vet

      Amen. We have to start demanding they pass term limits. It’s the only way to at least slow this corruption down. They work on average 122 days a year and get paid for full time. They spend the rest of the year getting votes and raising money. That’s not what we pay them for. Even when they are in session they don’t get much done. It’s a farce and a joke what we put up with from our officials. Write and call your local rep And demand term limits. What these idiots get paid is disgusting, the country is broke and they keep getting raises and more benefits. Hell DWS wants her staff to get free lunches. I don’t think the voters of Florida agreed to that. They abuse us every day their in office it’s time to change things.

  • Humble Servant

    If these politicians do not see that no matter what they do it is going to hurt. We have made a system that is failing because they told the people they were going to get everything they WANT for less money. We need to fix the system now and it is going to hurt for a while. The alternative is to keep it the way it is and we will all hurt for a long time. Take the medicine today and lets get on with the healing process. Wake up politicians and do the right thing….. are you afraid you won’t have a job if you don’t keep everyone happy? If you kick the can down the road it will become your albatross.

    • Worried Vet

      100% correct.

  • Peter Pihun

    The republicans need to put the blame on the democrats for blocking the current administration and hurting the taxpayers

    • bobnstuff

      You have to write a bill to have it blocked and it’s only in the Senate that the democrats can even slow a bill down. It’s in fact the republicans that are blocking things and thank goodness for those republicans that still remember who they represent.

      • chw2000

        What would a left wing a$$ hole (you) know about who Republicans represent? You’re a complete a$$ hole!

        • bobnstuff

          Can’t handle facts again I see.

        • Worried Vet

          I gave up in idiots like that. Their either paid trolls or blind. I started blocking most of them. I stopped wasting my time trying to get them to even look for facts.

  • bobnstuff

    A tax on Imports is a tax on the middle class as well on businesses. What they want is to label it a job protection tax but it’s really just a way to shift taxes from the top 1% to the other 99%. If you tax corporate profits at a higher rate then money reinvestment you will create more jobs then by the import tax. Tax the money leaving the country for off shore investments and corporate bonuses. Keep the money at home and invested in our businesses.

  • regulus30

    Trump’s albatross; McConnell / Ryan two {rinos} working to save the “progressive agenda”; they ARE NOT CONSERVATIVES, problem is these scum are in until 2020. You tell me how McConnell gets elected in COAL COUNTRY, with all the obama regs? the people are either stupid or gullible.

    • bobnstuff

      You use that magic word Coal but do you understand just how small the coal industry is and how few people work in the industry? As of today coal employs about 50,000 people solar employs 300,000 and is growing. Do you understand that all those regulations were passed for a reason, like protecting your drinking water, the air you breath and the health of the miners? You seen to think that Obama just woke up in the morning and said lets kill some jobs today. It takes a year or more to pass a regulation and in fact the president has little to do with it. There are hearings and industry input. Regulations are put in place to deal with problems and to protect people.

      You want to talk about people being stupid or gullible then look at the people who know nothing about the coal industry or how and why they are regulated. Coal is dying because of the cost of other fuels. It costs about $80 per ton to product coal which sells for $58 per ton. Mining coal pays a average of $21 per hour and that number is going down not up. The new hires are starting at $14 to $16 per hour. Don’t be like some people, check the facts.

      • chw2000

        Hey BSBOB, you need to take a look at other industries. Almost all other industries have been using “contract” workers to get around high price union people. That’s been going on for the past 25-30 years! Once again, you’re stating your a$$ hole opinion and not facts! What an a$$ hole you are.

        • bobnstuff

          Half the new jobs in coal are contract workers. As far as my knowledge of coal. I live in coal country in a house built by a mine owner in the town that once was the largest producer of coal in the region. I am name for my Uncle who died in a mine accident had both my grand fathers and two uncles working in the mines. Nothing I stated was opinion and everything I said can from industry news and P&L statements from coal companies as well as the BLS. You on the other hand have never shown any knowledge of mining or anything else for that matter.

          • gvette

            LOL…as usual, you view the county, by where YOU live. Means about nothing.

          • bobnstuff

            It’s called first hand knowledge, when was the last time you talked to a coal miner? Ever been in a coal mine?

          • gvette

            As a matter of fact, my uncle worked in a coal mine, Bobby.

          • bobnstuff

            Ever talk to him? Ask him what he is seeing in the industry, is his employer buying new equipment? If he is one of the few underground miners, a dying breed. See what he has to say, you might be surprised.

          • chw2000

            Never worked in a coal mine but designed those really big trucks that haul the stuff. So, I do have some knowledge of how coal mines operate. Also designed lots of wheel and track loader parts as well as motor graders and excavators. I might add, that I do have first hand knowledge of contract workers and when that started. I retired 20 years ago and that’s all that was being hired when i left. There, hope you feel better now.
            Also, sorry about your uncle.

          • bobnstuff

            You have seen the face of modern mining then. No large numbers of people going down in the mines. seven to nine guys working the mine and a big hole in the ground. This isn’t the place you are going to create a large number of jobs and it will do long term damage to the environment if we aren’t careful. I have seen first hand what acid mine drainage can do to a stream. The big underground mine down the road closed in 1952 leaving a mess behind that you can still see. The smaller ones lasted for another 15 to 20 years but the coal seam ran out. As they closed down the mines they took out the coal pillars as they pulled back making the land above unstable. There are a lot of those McMansion built over those old mine tunnels. Once the tunnel mines closed they came in and stripped mined what was left. Thanks to the EPA mining laws they had to back fill all the strip mines and it only took 20 years or so for the streams to recover.

            So you had a hand in creating those big toys, I hope they let you play with them at least. I never got to run any of the equipment but I spent a lot of time riding with operators and even though it’s hard work running some of them they really are cool. My next door neighbor had to 60″ draglines sitting in his driveway off and on for years. His son is just now selling off the last of the equipment, when the old man died his son finished up the last of the strip mines and went on doing excavating. The coal mines are gone and will never come back. Now it’s natural gas that’s booming. For the short term Gas will be the new king, much less messy. They are working on drilling under my house and it looks like it’s going to be good money.

      • regulus30

        coal supplies 40% of our industrial energy; wing/solar less than 1%; DO YOU UNDERSTAND; “BOBnSHIT6666”

        • bobnstuff

          Solar employees 6 times the number of people coal does. Coal is less the half and is dropping. Gas is up to 21% and growing because of cost and renewables are up to over 16% from nothing just a few years ago. Maybe you should check you numbers.

          • gvette

            Most all of the steel mills use coal, Bob.

          • bobnstuff

            In fact a combination of electric, NG and coal. All the new steal mills are electric. Coal is used for the carbon. The first use of natural gas was to make steal.

          • gvette

            Coal power in the United States accounted for 39% of the country’s electricity production at utility-scale facilities in 2014, 33% in 2015, and 30.4% in 2016 Coal supplied 16.5 quadrillion BTUs of primary energy to electric power plants in 2013, which made up nearly 92% of coal’s contribution to energy supply. Utilities buy more than 90 percent of the coal consumed in the United States.

          • bobnstuff
          • MyRoseHasTHORNS

            Freudian slip?…
            she was talking STEEL but you returned with STEAL… as your base does every time it has a little power.

            Wind and solar are too heavily subsidized and do not give a good return on our taxpayer investment. Many of us do not want to pay for our services twice. Solar does NOT break even in 10 years, the costs of the batteries is exorbitant. Wind kills eagles, birds, bats and doesn’t give enough power to rely on.

            Putting all of us on bikes to peddle our own power is as reliable and costs a lot less than these green technologies..

            Fixing and protecting our ancient power grid is way more important to finance than technology that needs subsidizing. It would also help if every person didn’t need to use individual phones, tablets and computers requiring daily charging.

          • bobnstuff

            You don’t use a battery with solar, it goes into the grid and the utility company pays you for it. The cost of the battery is high but since you don’t need one it’s makes no difference. If you want a battery system it’s almost twenty year to break even. The next gen battery will drop that down a lot just like the next gen solar panels will change things. Tesla and SolarCity are coming out with a shingle system that comes with a battery. It has a twenty year break even. With their panel system the home owner doesn’t own the panels and just buys the electricity at a discounted rate.

          • regulus30

            understand this “bob”; affordable is the key word [solar/wind is NOT]; a market must exist for a product to be successful; obimbo wasted millions on bad loans to solar/wind experiment; your tax dollars “bob”, it all has it’s place but fossil fuels rule. We have the world’s largest natural gas deposits, coal is here to stay GOOGLE IT.

          • bobnstuff

            You really need to check you facts. Solar is alive and well and the cost just keeps dropping. Remember that solar and wind is almost up front and once you get going the price keeps dropping. You are right in that right now fossil fuels rule but you got the wrong fossil fuel, it’s not coal but NG that is taking over the industry. Cheap, clean and very small environmental impact in producing it.

          • regulus30

            now “bob” we know this IS A WASTE OF “ENERGY”; WE HAVE DONE THIS BEFORE; but in parting; remember passive energy will never produce the BTU’s for turbine or combustion engines; I wish you could broaden your horizon and not be so tunneled into liberal propaganda ; do the math; the more people it takes to create a BTU the more “expensive” it is; remember the word affordable, what does obimbo’s infamous quote mean to people on fixed income;; “I am going to bankrupt the coal industry and energy prices will “necessarily spike”.

          • Rodney Steward

            The bad thing of Solar, it never pays for itself, it’s life span has not been perfected yet, the up keep is awful! My brother-in-laws son works all over the country on these giant wind miles, and he said, I hope we never have to depend totally on these to power our country! But he makes great money!

          • bobnstuff

            They are putting up solar panels around here at a fast pace and they have a ten year break even. It’s the type of job your brother in law has that we need to be creating, good money. Wind has more problems the solar simply because of where the have to put them.

          • regulus30

            UP 21% FROM WHAT; UP 16% FROM WHAT; solar/wind can not and will not produce the BTU;s necessary for industrial production; they both have a place in the energy sector, lighting bulbs, charging a battery for hours on a “jolt car” and heating homes, not in industrial use bob; check your chemistry/physics credentials.

          • bobnstuff

            China disagrees with you. Remember we are just at the very beginning of a tech revolution, one that if we aren’t careful we will be left behind by the rest of the world. As far as batteries check what’s coming our way. With in 10 years we will have cars that can go 1000 per charge and charge in an hour and a half. A added plus is the new battery costs a third as much to build. This technology exists right now and is coming to market in the next year or so. My chemistry/physics credentials are just fine and up to date.

          • regulus30

            like *I said”; there is room for all energy sources, some just won’t be successful; BTU’s bob; not just Hours per charge.

          • bobnstuff
          • regulus30

            not in your world that is for sure; and the future is not swallowing liberal bull shit66 either; open wide they have another shovel ready for you numbnuts.

          • bobnstuff

            Funny how everything is liberal if you don’t understand it, The future is coming and you will be left behind, In some places it’s knocking at the door. Just like the blast furnace has been replaced by the electric steel mills your coal fired power plants will become part of our history. John L. Lewis back in his day new it was coming and he has been proven right.

          • regulus30

            you are giving yourself way too much credit; lots of information does not mean you are on the right side of an issue; it is sad and almost comical how people like you continue to move a conversation forward by ignoring and pretending you are correct and failing to acknowledge the truth of an issue.

          • regulus30

            Speaking of China; last record I have is that there are 384 “coal fired” power plants there; and they have NO INTENTION of honoring the “Paris Climate Accord” obligations because, now get this, “it would inhibit their industrial/capital growth”, hum?

          • bobnstuff

            Sorry guy but go check your facts they just cancelled plans for a hundred new coal fired plants and are building a pipeline from Russia for Natural Gas. They also just closed one of their largest mines.

          • regulus30

            not what I said ; you hardheaded prick; there are 389 NOW IN USE; DAMN YOU ARE STUPID. Fight 4 Freedom just posted :first new coal plant opens under Trump.

          • bobnstuff
          • regulus30

            I guess I am too smart for you; google it and the left wing sights say they are canceling 103; but the green energy sight and several others say they are building/opening two [2] per week through 2020.

          • bobnstuff

            http://www.csmonitor.com/World/Asia-Pacific/2017/0303/China-s-coal-consumption-drops-again-boosting-its-leadership-on-climate-change
            This isn’t a left wing sight and they are saying the same thing. China is cutting back on their use of coal.

          • regulus30

            google it ; six of one half dozen of another, man;; you suffer a mental condition clinically described as select ignorance by psychotherapists.

          • bobnstuff

            If you bother to check it’s the older posting that have them using coal after Paris they did a turn around as the CSM article shows. Are you disagreeing with one of the most conservative publications in the country?

          • regulus30

            you are correct in the issues dated 2017; I am willing to wait and see. it also has to do with them reaching maximum capacity as well.

          • bobnstuff

            There is a lot happening in China these day and it’s worth watching which way they go. They are developing a middle class and their people are starting to want things like clean air and consumer goods. The government so far has let the trend go on but you never know what the Chinese government will do. Per capita the Chinese put out about half the carbon we do so meeting the goal based on a per capita bases is in fact easier for them. Since Trump backed out of the Paris agreement the Chinese can take the leadership and get the power that goes with it. It should be interesting to see what happens.

          • regulus30

            I understand Trump’s decision to withdraw from the Paris accord; according to the graphs we are the cleanest nation on earth today; It also demonstrates the concept of income redistribution since the third world countries are increasing coal usage to grow their economies, at our expense. Penalize the successful nations with a carbon tax [exponentially greater because of the successful economies] and give it to the poorer nations so they can become the new offenders of CO2 emissions; silly isn’t it?

          • bobnstuff

            Sorry but your grafts are wrong. We have the largest carbon foot print per capita
            http://www.nationmaster.com/country-info/stats/Environment/Pollution/Carbon-Dioxide-per-capita
            Overall pollution we are right in the middle.
            https://www.numbeo.com/pollution/rankings_by_country.jsp
            The EPA has brought us a long way in cleaning up our environment but we still have a lot of places that are still in need of a lot of work. The money we were to give to the developing nations is small when compared to the money we give to companies like EXXON MOBIL.

          • regulus30

            nope sorry; “energydesk.greenpeace says differently as does the scientific community; we are one of the top five; just released last month.

          • regulus30

            don’t you find the correlation between economic growth and fossil fuels rather convincing; and the relationship to mega economies and quality of life for it’s citizens compelling ;; so the socialist globalists one world government advocates wanting to steal from the rich and give to the poor [Robin hood] was a fairy tale; concept a bit hypocritical, you don’t make the poor rich by making the rich poor.

          • bobnstuff

            It’s new technology that drives economic growth. It has through out history. There have always been those that want to cling to the old but the progressives always win in the end. Coal has had it’s day but that day has seen it’s sunset. Out with the old and in with the new.

            In case you have noticed the balance between the rich and the poor is way out and will be adjusted one way or another, either by an economic crash or a revolution. It’s happened many times in the past and will happen again. You call it stealing but just how did they get all that wealth? It was the labor of others that created it and sooner or later those that created the wealth will rise up and take it back.

            If history tells us anything it’s that the balance will correct itself. Right now to much of the wealth is in to few hands, it’s one thing to have a rich , middle class and poor, that’s part of the natural order but when to much money ends up in to few hands things go wrong. We need a middle class.

            We can either wait for the revolution or a crash or choose to restore that balance though taxes. After WW II the country had lots of debt and we raised taxes to pay off that debt. We taxed the rich and unearned income. We taxed industry on non reinvested profits. at one point we had a 90% top tax rate and the economy did OK. Our economy grow because the only way to keep wealth was to reinvest it in industry, build factories, expand and innovate. We need to rebuild our middle class and restore the balance.

            There was a time when people invested in companies to share the profits not to wait for the stock to go up and then just dump it. Now the stock market is just Los Vegas with people trying to rig the games. We need to change the tax code to promote investment not profit taking. Restore the balance, create jobs and rebuild our country. In case you don’t know the name for this it’s called capitalism. The investment of capital to grow the economy.

          • regulus30

            go find the movies “Hunger Games & Mocking Jay” if you want to see your future as a socialist/communist. Bob where have you been for your life, every form of society has multiple levels of wealth, social influence, intelligence; the only difference in “capitalism and the other isms” is we the people are free to make it on our own or fail on our own without big government interference.

          • bobnstuff

            I’m a good capitalist. I have owned four different businesses. I have no problem with some people being more successful then others but there is a point that we have reached when to much wealth gets into to few hands and the capital system stops working.

          • regulus30

            I am a private business owner as well and corps will not invest assets if the political environment is being torqued by a social justice/ redistribution of wealth mentality, free enterprise creates and destroys businesses depending upon the need for their product and how well the company is managed, big government should not decided winners and losers. RE: obammie wasted [150 billion] in bad loans to the green energy movement, that was not his money or his job.

          • bobnstuff

            95% of all startups fail. That’s just a fact of life. It makes more sense to invest money trying to create jobs in companies with a future. As far the government loaning money, they have been doing it for a very long time and both parties do it. We even have a branch that ‘s job is loaning businesses money, the Small Business Administration. Funny thing is you have to be a pretty big small business to get any help from them.

          • regulus30

            I like the reinvestment of capital concept; there was a time when companies used to say ;”their employees were their greatest asset”; there was profit sharing/buy ins but during the Clinton era that was abandoned, then eight years of uncertainty created by obama and his over regulation policies [including the EPA] forced companies to hold on to their cash, A weak [1.5%] GDP did not signal a healthy economy no matter what the liberal media told you, and obama increasing corporate tax rates [steal from the rich and give to the liberals] AKA redistribution of wealth/social justice stalled economic growth.

          • bobnstuff

            People like to blame regulations for all the problems but in fact they are not what is slowing things down. It’s capital and how it’s controlled that is the number one factor. Before they changed a number of regulations back under Clinton banks and brokers were two different businesses. A bank had to lend money to make money and that money build our economy. It’s the free flow of capital that lets businesses buy equipment and build factories. The number one problem with starting a business is coming up with the money. When to much capital falls into to few hands the natural flow slows and so does your economy. The other problem is when they changed the rules they let companies use their profits to do stock buy backs, this increases the value of the stock left outstanding. Most CEO’s get a large amount of the pay in stocks so instead of reinvesting the profits they buy back stocks, making more money for themselves and their friends but not building the companies value. One of the results is instead of building factories they out source the production to other companies, Those companies build the factories in places like China. The Chinese government controls the banks and promotes capital investment to maintain full employment. I can name a number of large American companies that ran out of production ability here and instead of adding production in the US just bought their product from the Chinese. Without that up front capital investment they could use their money for bonuses and stock buy backs. Wall St. loved them. Today it’s all about the stock value and not about the profit from making a product.

            Now these things are only part of the problem. As I said banks no longer have to loan money to make money, the flow of capital into businesses is weak. No capita,l no investment and no growth.

            There is another problem, there are fewer businesses in our country, 12 major corporations control about 90% of the business in our country today. They have greater control over the market and the economy then is healthy. While you are busy looking for some socialist one world government run by the UN the people like the Koch Brothers are buying up the country and controlling our government with their money. This is what you get when to much money falls into to few hands. Right now the Koch Brothers are trying to change our constitution. They own about 32 state governments by investing their money in politics.

            I was talking about the change in banking regulations, it was also those changes that created the housing crash and the economic down turn in 2008 and 2009. A lot of paper value proved to be just that only on paper and because the banks had invested in it they had a problem. That’s why the stimulus handed so much money to save the banking industry. To big to fail, to much money in to few hands.

            The government also tried to get capital to those that needed it to invest in businesses but because the congress didn’t put controls in place instead of investing the money in economic growth they bought government bonds with it, the very bonds financing the money. We gave the banks free money and then the lent it to the government at 3%. No money for the economy but a bunch of money for those that owned banks. They didn’t spend all that free money on bonds though, they also bought a bunch of the smaller banks giving fewer people control over more and more of the capital. It was the smaller banks that was fueling the investment in our country and by their being taken away capital for new business start ups went with them. Business start ups are at a low point in history, the reason is not regulations but lack of capital.

            You see it’s not socialism that’s the problem but the concentration of to much capital in to few hands.

          • regulus30

            Clinton/Reno “red-line lending”;;;;;;Dodd/Frank “Countryside” noncollectable derivatives [Bush asked eight [8] times to audit Freddy and Fanny], then obimbo places the fox in the hen house and they created over regulation of lenders/banks by forcing them to hold positive assets in excess of the risk liabilities.

          • bobnstuff

            Dodd/ Frank tried to fix the problems created by the deregulating under Reagan and Clinton. Back when they were on their deregulating kick my brother pointed out that they were going to find out why they were there in the first place. Don’t fall for the BS about regulation. Who do you think is feeding you that line.

          • regulus30

            Clinton/Reno threatened [extortion] lenders to lower their requiremen s for loan approvals being applied for by blacks [do it or get audited]; Chris Dodd made millions by covering for Countryside, Fwank refused to allow an audit of Freddie/Fannie; lenders created noncollectable derivatives and sold them in loan pacs to unsuspecting investors, balance sheets flipped hence housing crisis 2008; it is historical data man.

          • bobnstuff

            The banks lowered the requirements under Clinton and then even more under Bush. Had they left them alone after the first time none of the problems would have happened. Had they not deregulated the banks in the first place we wouldn’t have had the problems. Those regulations were there because the banks couldn’t be trusted. I don’t care who you want to blame it on but it was the deregulation that started the problem.

          • regulus30

            in the real world as you said earlier, things balance themselves out; all the banks that were out of balance should have been allowed to fail; there is NO SUCH BULL SHIT666 as “too big to fail”; that is a joke. Dodd/Frank created the mess, and as liberals do they gave them authority to fix their own screw up; whew that is stupid. Too much government always fails re; obimbocare, too much regulation stifles growth; banks are holding investment capital to cover their ace if the feds do another extortion attempt on them.

          • bobnstuff

            The mess was there long before Dodd/Franks or Obama. You seem to have things a little mixed up, either you leave the industry to clean things up or the government does it. The republicans today believe that the government needs to leave their hands off and the democrats want to go in and fix things. The money the banks are sitting on is taxpayer money given to them by Congress.

          • regulus30

            ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ

          • regulus30

            “The daily Caller” ;; consensus has shifted away from climate change; Santas states that climate change models have failed to predict a twenty[20] year hiatus with NO WARMING; weather scientists can not predict if it will rain in a week let alone decades later;; IT IS A SCAM and all the CO2 shit666 is a joke; plants need it to survive.

      • Rodney Steward

        50,000 can run the coal powered plants but it takes 300,000 to keep the (not profected) solar lose money green jobs! Now we know why it cost so much to go GREEN! It’s a lot like climate warming, a SCAM!! htt://uploads.disquscdn.c…

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