http://www.atr.org/ content/ pdf/ 2008/ August/ 081408ot-federalincometaxandwhattheypay.pdf

from sourcewatch:

http://www.sourcewatch.org/index.php?title=Americans_for_Tax_Reform

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“If you’re not concerned about credibility – have at it.”

^

:)

This “concept” is basically exactly what they are doing now. That is, all risk falls on the taxpayer. I, personally, don’t believe it’s the obligation of the taxpayer to fund “raising new capital, lending money and financing new ventures.”

As for Chris Cox, I would assume the Congress could remove him since a President cannot. Cox has been missing in action through all of this economic disaster…and yes, the SEC has substantial regulatory responsibility which it has failed to press. Cox stated that it is the SEC has a “strong objection” to bare short selling. Their objection didn’t include asking Congress to make it illegal, and thus, their regulations were weak to non-existent on those. If you don’t know the difference between regular short-sells and bare short-sells, do your research. In the real world, a bare short-sell would be me selling you a car that I didn’t own. In the real world, that’s called fraud. On Wall Street, that’s called making a huge profit without risking a dime. It’s also a terrific way to manipulate the market.

“those that believe 9/11 was an inside job”

I’m holding judgement for when we have an unimpeded, non-time-restrained, properly funded investigation that actually addresses the nearly countless and well-documented “coincidences” that occurred.

Is that “incredible”, or what?

Don’t get me wrong, I don’t WANT to believe that anyone in my Government had anything to do with it. I’m just not a big fan of coincidence or blatantly incomplete official “answers” and time lines. Maybe that’s your thing… must be nice.

The RTC eventually liquidated all the failed and corrupt Savings and Loan companies at a cost to the taxpayers of about $125 Billion. The disaster was, of course, the result of Reagan-era deregulation of the Savings and Loan industry.

Will we ever learn?

The point of my post was that it was the top 20% of income earners that pay 87% of the income taxes. I not sure that information is that controversial.

Do you dispute that? Do you have another, more unbiased source, to enlighten me?

Personally, I consider either condition an “automatic disqualification”. Well. Another automatic disqualification. I think the Chippy/Flippy/Jebus ticket has several dozen, if not hundreds, of automatic disqualifications on intellectual and ethical grounds. And that’s before one even considers their politics.

The report that Bush “screamed” those words at Republican congressional leaders in November 2005 is unsubstantiated, to put it charitably.

We judge that the odds that the report is accurate hover near zero. It comes from Capitol Hill Blue, a Web site that has a history of relying on phony sources, retracting stories and apologizing to its readers.

Wayne. Here’s from the link a posted earlier. The arguments about Bush and Constitution are legitimate.

All I’m saying is, repeating the Bush called the Constitution a ‘goddamn piece of paper’ only puts you in the league of those that believe 9/11 was an inside job and Trig is really Bristol’s baby.

If you’re not concerned about credibility – have at it.

Forget, for the moment, that the current financial market crisis is the direct result of two decades of Republican policies.

As preznit, McSame could declare him a “enemy combatant” and have his ass shipped off to Gitmo so fast that his underwear would have to take a later flight. That’ll show’em. Or better yet, he could just have his VP go after his family.

Oh yeah, he’s a different kind of Republican alright…

It don’t think it happened. And claims like it, only undermine the credibility of other more credible arguments:

Seriously, backup.
You have been wrong more than you have been right.
You have no claims on credibility at all.
The facts show over the last 8 years, Bush, the Republicans and you trolls have considered the Constitution to be worthless. While Bush’s comments were not caught on video by the person that reported it, there are plenty of stupid statements for the excuses your party used to violate the Constitution, such as “The Constitution is not a death pact” etc.

If you are trying to run away from the record of the last 8 years, Seriously, F_ck you.

But the whole point is that these predatory lenders and the credit default swaps which enabled their Ponzi scheme to balloon were outside the purview of regulators, thanks entirely to Phil Gramm, his GOP co-criminals and a few Dems *cough*Holy Joe*cough* in the pocket of Big Money.

Fire the SEC chairman????? Is that a solution?? The damage is done and will probably continue…
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Substitute “Impeach Bush and Cheney??????” for the first sentence and you basically have Pelosi’s position on impeachment.

No, getting rid of the party who caused the mess won’t fix the damage, but it might prevent more boneheaded acts from occuring.

That said — I’m not all that sure of how much of our current economic mess is Chris Cox’s fault. All of it, most of it, some of it, none of it? If any of this is due to misconduct or malpractice on his part, then yes — let’s make him accountable.

However, this sounds more like McCain intends to “solve” a problem by finding a scapegoat to throw under the bus, declaring the problem take care of, and moving on. It’s the Republican way. Only it never seems to make our lives any better.