Are Obama and his Team Repeating Mistakes of the 1930s?

So if we credit Heritage which is notorious for its bias and inaccuracies, that meanas that Obama added $13 + 23 = $36 billion in costs.

Which is .0003% of the economy.

I'm sure that is what is holding back the economy.

 

At least that much!

 

The only solution Obama can come up with to really kick start our economy is to "tax the rich".

And now his office has just announnced he and Michelle are soon leaving on a 17day vacation in Hawaii!

FLASHBACK: Obama Says You Don't Raise Taxes In A Recession!

[ame="http://www.youtube.com/watch?v=aufAtuTwKlE"]FLASHBACK: Obama Says You Don't Raise Taxes In A Recession - YouTube[/ame]

 

"

Interesting!

how did you come to this conclusion?

 

that all depends on china....if china and japan stopped buying treasuries tomorrow then the currency crisis would hit the US immediately. Either way.....you have a couple of years at best!

 

What do you suppose they'd do with their excess dollars rather than investing them in Treasuries? Has your extra-sharp analysis come to figuring that one out yet?

 

Obama has come up with lots of solutions to save jobs of hundreds of thousands of teachers, policemen, and firemen, and build a more fuel efficient, structurally sound economy.

The tax is to pay for it and reduce the deficit.

 

easy.....they can buy gold or silver....they can buy oil deposits all over the globe...they can buy copper or iron ore mines....use your imagination!

 

the government dont create jobs....they just take from the private sector and then use the money to put people to work. So its like taking from peter to pay paul!

 

Originally Posted by Iriemon
Obama has come up with lots of solutions to save jobs of hundreds of thousands of teachers, policemen, and firemen, and build a more fuel efficient, structurally sound economy.

The tax is to pay for it and reduce the deficit.


b.o. has come up with outrageous lies and ridiculous propaganda that only the most stupidly gullible could believe. His solutions are all pure bullshet and class warfare LIES.


The top 1% of income earners paid $230,496.00 EACH in Federal income tax.

b.o. and the Dems want them to pay 5% surcharge more.

Forget the little tiny surcharge. Hit every one of the top 1% with $100,000.00 more each in taxes.

We are only talking about 1.3 million people. Even a large tax on so few brings in very little.
That would bring in $137 billion more dollars. The b.o. deficit of $1,298 TRILLION minus $137 billion equals a b.o. deficit of $1,161 TRILLION.

WHAT problem does that solve? NONE!
It barely reduces the deficit, and it is NOT the deficit that is the killer of the economy and the country, IT IS THE NATIONAL DEBT! And it allows the DEBT to increase by well over another TRILLION.


It does not pay for teachers.
It does not pay for policemen.
It does not pay for firemen.
It does not repair infrastructure.

NONE OF WHICH are supposed to be paid for with Federal Income Taxes. All the things he claims are needed HAVE DEDICATED TAXES to fund them.

WHEN ARE THE LIBERALS GOING TO STOP WITH THE PURE UNADULTERATED BULLCHIT?

The answers are simple, Re Do the tax code to bring in MUCH more revenue from EVERYONE. a LITTLE MORE FROM A LARGE NUMBER, brings in much. And deeply cut the grossly over-massive govt down to a sane size.

 

This is the mistake being repeated. Still to this day.

 

This tread is now closed. You may start another thread if you wish.

 

With 8.6% unemployment, there is plenty of excess labor and thus the Govt is not taking from the private sector.

 

and where does the government get the money from to pay those workers? They either borrow money or raise taxes. If the raise taxes they stop companies from hiring as high taxes are a deterant to employment growth...if they borrow then they crowd out the private sector from borrowing in order to borrow to build plants and equipment.

 

Great response, bacardi!

The progressives in this group love the flavor of their Obama Kool-Aid, don't they?

The Democrats truly believe they can remove water from one end of the pool (the private sector) and pour it into the other end of the pool (the government sector), and the water level (the economy) of the pool will actually increase!

These people simple do not understand the subject of macroeconomics!

 

Maximum post limit has been reached.