Why did Obama fail to keep AAA US credit rating

[Adrianne S]

When Hitler took power in 1933, the German unemployment rate was 30%. The economic growth rate was -6%.

When Obama too power in 2009, the American unemployment rate was 7.6%.
The economic growth rate was -6%.

By 1935, two years after taking power, the German unemployment rate sat at 15%. It would further fall to 4% after 5 years of Hitler's leadership. The economic growth rate was 9%.

By 2011, two years after taking power, the American unemployment rate is 9.2% (officially). The economic growth rate is an anemic 1.3%.

Now, I'm not endorsing Hitler's other policies by any means, but it seems pretty obvious that his greater control of government allowed him to implement some of the best economic reforms ever made in human history. Hitlernomics WORKS.

The same pattern can be observed in Fascist Italy, and in Stalinist Russia. It was a war with the Axis, which had already recovered from the Great Depression, which saved the democratic countries' economies.

[Annasta.]

It shouldn't have its credit downgraded

[Nitai]

That's actually very silly. 2 years of depreciation seems like a really minor change and not one I'd object to at all.

Though, of course, quicker depreciation means they buy more of them, and certainly Gulfstream and its employees benefit as a result.

[C-DUB [DIME Bro]]

Why should a Hedge fund executive get a 15% tax rate so he/she can spend the money buying expensive houses in the south of France?

[rea_sushi]

http://www.econtalk.org/archives/2011/05/easterly_on_ben.html
Here you go, now shut the fuck up.

[Chumpy1970]

True, but this is an example of an unfair tax code. Everything should be standardized and even across the board.

Republicans attacked this proposal by saying Obama was going after the "job creators" in our economy.

[bye bye michael jackson]

I don't understand why Captial Gains aren't just treated as standard income and taxed accordingly, personally.



It's kind of silly. Reforming the tax code would probably be a great idea, but then you'd get lawyers, accountants, and their lobbyists out in arms.

The unfortunate truth is that the US is basically held hostage by special interests which prevents any reform from occurring.

[Abbigoose]

Capital Gains should be 0%.

Anyone that thinks different can FUCK THEMSELVES.

[Lisette]

Minus whale game the system and make money off it, it'll never change...I'm slowly coming to this realization

[**S**]

Hayek=Win wins this thread imo