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  #1  
Old 02-28-2009, 09:51 AM
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Dispute This Liberals

Dispute this my fellow libs, this straight from CNBC. You will finally get equality with the other loser Countries.

Obama Declares War on Investors, Entrepreneurs, Businesses, And More - Money and Politics Blog - CNBC.com

Let me be very clear on the economics of President Obama’s State of the Union speech and his budget.

He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds.

That is the meaning of his anti-growth tax-hike proposals, which make absolutely no sense at all — either for this recession or from the standpoint of expanding our economy’s long-run potential to grow.

Raising the marginal tax rate on successful earners, capital, dividends, and all the private funds is a function of Obama’s left-wing social vision, and a repudiation of his economic-recovery statements. Ditto for his sweeping government-planning-and-spending program, which will wind up raising federal outlays as a share of GDP to at least 30 percent, if not more, over the next 10 years.

This is nearly double the government-spending low-point reached during the late 1990s by the Gingrich Congress and the Clinton administration. While not quite as high as spending levels in Western Europe, we regrettably will be gaining on this statist-planning approach.

Study after study over the past several decades has shown how countries that spend more produce less, while nations that tax less produce more. Obama is doing it wrong on both counts.

And as far as middle-class tax cuts are concerned, Obama’s cap-and-trade program will be a huge across-the-board tax increase on blue-collar workers, including unionized workers. Industrial production is plunging, but new carbon taxes will prevent production from ever recovering. While the country wants more fuel and power, cap-and-trade will deliver less.

The tax hikes will generate lower growth and fewer revenues. Yes, the economy will recover. But Obama’s rosy scenario of 4 percent recovery growth in the out years of his budget is not likely to occur. The combination of easy money from the Fed and below-potential economic growth is a prescription for stagflation. That’s one of the messages of the falling stock market.

Essentially, the Obama economic policies represent a major Democratic party relapse into Great Society social spending and taxing. It is a return to the LBJ/Nixon era, and a move away from the Reagan/Clinton period. House Republicans, fortunately, are 90 days sober, as they are putting up a valiant fight to stop the big-government onslaught and move the GOP back to first principles.

Noteworthy up here on Wall Street, a great many Obama supporters — especially hedge-fund types who voted for “change” — are becoming disillusioned with the performances of Obama and Treasury man Geithner.

There is a growing sense of buyer’s remorse.

Well then, do conservatives dare say: We told you so?
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  #2  
Old 02-28-2009, 10:01 AM
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Ouch. I smell a cat fight coming on. Im a consevative, But im in the wrong country.
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Old 02-28-2009, 10:03 AM
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As I've seen posted here. The new rallying cry can be

KEEP THE CHANGE !!!!!!
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Old 02-28-2009, 10:04 AM
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Oh crap, I thought Obama was a fiscal conservitave
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Old 02-28-2009, 10:12 AM
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Oh crap, I thought Obama was a fiscal conservitave
...

Now that was funny.
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Old 02-28-2009, 10:19 AM
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Maybe this is the 60's antiestablishment sentiment he inherited from his mother along with the islamic anti-american sentiment he inherited from his father, along with the indoctrination he received on his visit to kenya.

They can not defeat us on the battlefield, but found something easier. The best part is that the MESSIAH will get his pay for life regardless how bad he screws things up. I wonder if he will forego his retirement like he wants the CEO's to forfeit there bonuses and Bankers limit their salary.
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Old 02-28-2009, 10:21 AM
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Originally Posted by kingchip View Post
Maybe this is the 60's antiestablishment sentiment he inherited from his mother along with the islamic anti-american sentiment he inherited from his father, along with the indoctrination he received on his visit to kenya.

They can not defeat us on the battlefield, but found something easier. The best part is that the MESSIAH will get his pay for life regardless how bad he screws things up. I wonder if he will forego his retirement like he wants the CEO's to forfeit there bonuses and Bankers limit their salary.
I have read somewhere that they have taken over our Country without firing a shot.
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Old 02-28-2009, 10:24 AM
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I have read somewhere that they have taken over our Country without firing a shot.

Michele better beware. She looks feisty, and honor beheadings may be legalized.
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Old 02-28-2009, 10:37 AM
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After seing the portrait for the first lady Michele, I'm not wholely convinced that she is even a natural woman!
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Old 02-28-2009, 10:43 AM
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After seing the portrait for the first lady Michele, I'm not wholely convinced that she is even a natural woman!

That wouldn't surprise me a bit.
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