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Re: Building A Third World Shithole In America 

By: Zimbler0 in FFFT3 | Recommend this post (2)
Thu, 16 Oct 14 5:28 AM | 99 view(s)
Boardmark this board | Food For Further Thought 3 		Msg. 03381 of 65535
(This msg. is a reply to 03322 by zzstar)
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zzstar> Genius, what does the market have to do with that surplus, NO BUDGET DEFICIT,


If a genius like you ain't smart enough to figure
it out . . .
I don't think even a Rhodes Scholar could explain it
to you.

But I'll try.

Late 1999 Yahoo stock was selling at $250 a share . .
A remarkable run up in stock price. (Dozens of other
'tech stocks' had similar run ups.)

Folks selling yahoo (and the other tech stocks) were
making money hand over fist - and paying Capital Gains
Taxes. That is where the so called 'Clinton surplus'
was coming from - Capital Gains Taxes.

In 2000 we had the tech stock collapse. Yahoo went
from $250 a share, to $20 a share. As did all the
other tech stocks. The folk who had paid so much
for tech stocks lost a LOT of money. Instead of the
fed booking capital gains taxes . . . they had to
grant capital losses. As in, when the losers sold
their deflated yahoo stock . . . they got to take
deductions for their losses on their taxes.

By the time Bush took office, the damage was obvious -
to anybody with half a brain.

Zim.




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Mad Poet Strikes Again.


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The above is a reply to the following message:
Re: Building A Third World Shithole In America
By: zzstar in FFFT3
Wed, 15 Oct 14 5:59 AM 		Msg. 03322 of 65535

Genius, what does the market have to do with that surplus, NO BUDGET DEFICIT, he received when he came Into his appointed office? And what did he do with all that? He left it to Obama in the form of a $1.3 fkng trillion budget deficit and more the year after.

Which, btw, has come down to less than a half a trillion.

That's the facts, and now answer the question!

Bush left us in a DEPRESSION! COLLAPSE! In a SHITHOLE!

Got it?

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