Obamanomics

cwo_ghwebb

cwo_ghwebb

No Use for Donk Twits
[FONT=times new roman,times]Obama's economic plan is a recipe for long-lasting disaster. Keep in mind that wrecking anything, as opposed to building things, requires very little time and effort. Obama's plan is deceptively attractive, while in reality it is a huge wrecking ball that will capsize the already listing ship of our economy. Here is a partial list of reasons why. Judge for yourself.

[/FONT][FONT=times new roman,times]Obama is proposing a trillion dollars in new spending. Where is he going to get the money, given the government's present huge budget deficit? From the filthy rich and blood-sucking corporations, that's where, he says. A terrific vote-getting scheme. But will it work?

[/FONT][FONT=times new roman,times]Obama doesn't tell you that in the present world money is like water. It flows to the lowest ground. And the lowest ground for money is found in places where it can make more money -- not locations where it is seriously tapped by government. For example, Ireland where the corporate income tax rate is 11% and not the United States, which has the [/FONT][FONT=times new roman,times]second highest rate[/FONT][FONT=times new roman,times] in the world. As it is, one of the biggest reasons that many corporations set up their businesses abroad is the high cost of doing business here at home. Hence, a great many jobs are lost to overseas enterprises.

[/FONT][FONT=times new roman,times]Obama doesn't tell you that rich people didn't get to be rich by being stupid. The minute they hear him talk about "spreading the wealth around", they shift their money to safe havens where Obama can't get to it. Like those hedge funds run by George Soros and [/FONT][FONT=times new roman,times]other big Democrat donors[/FONT][FONT=times new roman,times].
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/snip

[/FONT][FONT=times new roman,times]The American economic genius is based on the principle of empowering people at all levels to succeed financially through their own efforts. The government must empower all individuals to succeed and not to take money from the successful and spread it around.

[/FONT] [FONT=times new roman,times]Keep in mind that the really rich, both Americans and foreigners, have the smarts and resources to escape Obama's net. The ones that get caught in Obama's net are tens of millions of small shareholders such as retirees who depend on annuities to live. These folks suddenly find themselves strapped.

/snip

[/FONT][FONT=times new roman,times]Obama's plan undermines the most powerful motive for wealth production: incentives. It is the incentive that makes a person work hard to provide for his own and his family's living, and secure his financial future.

[/FONT] [FONT=times new roman,times]Society after society has tried and failed the economic solution of "spreading the wealth around." It doesn't work. All it does is discourage hard work and reward sloth. It is suicidal to buy into that failed policy, and that's exactly where Obama aims to take us. And in this dangerous scheme, he will have the House and Senate on his side.

[/FONT] [FONT=times new roman,times]The Democratic Party has drifted so far to the left that it can hardly heed economic reason. Just this past Monday, [/FONT][FONT=times new roman,times]Barney[/FONT][FONT=times new roman,times], the head of the [/FONT][FONT=times new roman,times]Banking Committee[/FONT][FONT=times new roman,times], the same person who brought us the sub-prime rate and the [/FONT][FONT=times new roman,times]housing fiasco[/FONT][FONT=times new roman,times], seeing Obama at the helm, crooned, "[/FONT][FONT=times new roman,times]there are a lot of rich people out there whom we can tax at a point down the road[/FONT][FONT=times new roman,times]."

When a candidate proposes failed economic policy, believe them. It's only hubris from a candidate who thinks they are the one who can make historically failed policy successful.

And with Barney Freak in the presumed President's corner - the policy can only fail miserably.

American Thinker: Obamanomics


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El_Kabong

New Member
For example, Ireland where the corporate income tax rate is 11% and not the United States, which has the second highest rate in the world. As it is, one of the biggest reasons that many corporations set up their businesses abroad is the high cost of doing business here at home. Hence, a great many jobs are lost to overseas enterprises.
Click to expand...

Ireland leads eurozone into recession
Ireland has become the first country in the eurozone to slide into recession as the torrid housing boom of recent years turns into a deep slump.

Good example...
 
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El_Kabong

New Member
Rebuttal:

(1) Republicans have pretty much had their way with for almost 14 years.
They controlled both Houses of Congress AND the Presidency in...
2003-2005: 108th Congress
2005-2007: 109th Congress
And... held the House with a tie in the Senate in 2001-2003: 107th Congress
(Republicans held both Houses of Congress from 1995 to 2001 under Bill Clinton)

And yet the economy is in the crapper.

(2) Should Obama get elected, he will have 4 years to prove himself. If he fails, he (And the Democrats) will be voted out of office. It's hard to imagine Democrats could do worse than what the Republicans have already done.

(3) The whining about tax plans and the other Republican palaver is a red herring. What the Republican base truly fears is a loss of power. Social conservatives know their real agenda won't fly with the American public so they have wrapped it in patriotic and economic issues.
 
Baja28

Baja28

Obama destroyed America
El_Kabong said:
Rebuttal:

(1) Republicans have pretty much had their way with for almost 14 years.
They controlled both Houses of Congress AND the Presidency in...
2003-2005: 108th Congress
2005-2007: 109th Congress
And... held the House with a tie in the Senate in 2001-2003: 107th Congress
(Republicans held both Houses of Congress from 1995 to 2001 under Bill Clinton)

And yet the economy is in the crapper.

(2) Should Obama get elected, he will have 4 years to prove himself. If he fails, he (And the Democrats) will be voted out of office. It's hard to imagine Democrats could do worse than what the Republicans have already done.

(3) The whining about tax plans and the other Republican palaver is a red herring. What the Republican base truly fears is a loss of power. Social conservatives know their real agenda won't fly with the American public so they have wrapped it in patriotic and economic issues.
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Hey genius, how was the economy while the republicans controlled congress? Who took over in 2006?? When did the economy go into the crapper?? Who's in control now?? :smack:

You FAIL again.
 
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thatguy

New Member
Baja28 said:
Hey genius, how was the economy while the republicans controlled congress? Who took over in 2006?? When did the economy go into the crapper?? Who's in control now?? :smack:

You FAIL again.
Click to expand...

yeah, cuz this kind of thin happens overnight :killingme
 
Baja28

Baja28

Obama destroyed America
thatguy said:
yeah, thats not what the economists say happened, but dont let facts or truth get in the way
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I don't let facts get in the way. I'm not a dummycrat. It's pretty obvious you're lil 12 year old self has a lot of learning to do though.
 
Bann

Bann

Doris Day meets Lady Gaga
PREMO Member
thatguy said:
yeah, thats not what the economists say happened, but dont let facts or truth get in the way
Click to expand...


What economists? Do you have names & links? I'd like to compare your economists to economists I've read. :tap:
 
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