Obama's assault on the U.S. Economy

Discussion in 'Politics' started by B_starinvestor, Jun 10, 2010.

  1. B_starinvestor

    B_starinvestor New Member

    Joined:
    Mar 1, 2006
    Messages:
    4,409
    Likes Received:
    0
    Gender:
    Male
    Location:
    Midwest
    The attached link shows, in detail, how our radical left wing President is assaulting our economy and setting it up for a huge fall in 2011.

    Arthur Laffer: Tax Hikes and the 2011 Economic Collapse - WSJ.com

    Try to make as much money as possible this tax year [2010] because you are going to need a lot of lube next year if you earn income or collect dividend income.

    This massacre is going to be ugly.
     
  2. Industrialsize

    Staff Member Moderator Gold Member

    Joined:
    Dec 23, 2006
    Messages:
    24,319
    Albums:
    2
    Likes Received:
    2,181
    Gender:
    Male
    Location:
    United States
    Laffer(the author of the Opinion Piece) is a noted "Supply Side" economist. I'll wait until the bon mots in his piece begin to "trickle down" on me.
     
  3. TomCat84

    Gold Member

    Joined:
    Nov 23, 2009
    Messages:
    3,497
    Albums:
    1
    Likes Received:
    32
    Gender:
    Male
    Location:
    San Diego, CA
    Right, because Obama would purposefully sabotage his own chances at re election 2012
     
  4. TomCat84

    Gold Member

    Joined:
    Nov 23, 2009
    Messages:
    3,497
    Albums:
    1
    Likes Received:
    32
    Gender:
    Male
    Location:
    San Diego, CA
    Let's bookmark this thread so we can bring it up on Jan 1, 2012
     
  5. B_starinvestor

    B_starinvestor New Member

    Joined:
    Mar 1, 2006
    Messages:
    4,409
    Likes Received:
    0
    Gender:
    Male
    Location:
    Midwest
    please do.
     
  6. B_starinvestor

    B_starinvestor New Member

    Joined:
    Mar 1, 2006
    Messages:
    4,409
    Likes Received:
    0
    Gender:
    Male
    Location:
    Midwest
    "He knows not what he does."
     
  7. houtx48

    Gold Member

    Joined:
    Sep 13, 2006
    Messages:
    7,095
    Likes Received:
    35
    Gender:
    Male
    Zippy w. Bush.....................enough said
     
  8. musictomyears

    musictomyears New Member

    Joined:
    Dec 15, 2004
    Messages:
    29
    Likes Received:
    0
    I'm truly sorry, but I can no longer stay silent. Where does this bullshit come from? Has the President announced ANY tax hikes for his legislative agenda? (No, not that I have heard) Do we all understand that the President CANNOT raise taxes without the consent of the Congress? (Obviously not or we wouldn't be writing about how Obama is raising taxes) I certainly DO NOT have a Caddy health care program...in fact, no one I know does. Fact: I got a $10 per week "raise" with the Obama stimulus plan enacted in 2009...from, yes, lower taxes. Fact: My 2009 tax return was larger than any other tax return I've ever gotten. Fact: I do not make over $250,000 per year, therefore my taxes are NOT GOING UP.

    While I'm at it: Has the Obama administration said one word about adding gun control to his legislative agenda? (Once again, not that I have heard or seen) Yet, I get e-mails from fear mongering Republicans and Tea Baggers that say Obama is doing away with our rights to own guns. WTF? Where does the bullshit come from and why aren't thinking, sentient people responding???

    I am just so tired of the whole thing. If I could afford it, I would move to Canada...more accepting of Gays, they stay out of the being the world's police force, they already have socialized medicine that works (yes people, it works...this coming from friends who actually live there and have experienced using it...not from people who look at it and say that it can't work), etc., etc. What a bunch of bigoted and racist people we have here in the USA.
     
  9. Zeuhl34

    Gold Member

    Joined:
    Apr 12, 2008
    Messages:
    2,104
    Albums:
    2
    Likes Received:
    40
    Gender:
    Male
    That's where I stopped reading. The guy's a left-leaning centrist, not some far-left radical.
     
  10. quercusone

    Verified Gold Member

    Joined:
    Jul 19, 2006
    Messages:
    1,151
    Albums:
    7
    Likes Received:
    2,260
    Gender:
    Male
    Location:
    Dallas (TX, US)
    Verified:
    Photo
    There very well be tax hikes as well as severe cuts. Paying for 30 years of Reaganism.....you remember the guy who started all these huge deficits...?????....Anyway.....it is going to be a bitch.
     
  11. sbat

    sbat New Member

    Joined:
    Apr 26, 2010
    Messages:
    2,335
    Likes Received:
    3
    Gender:
    Male
    You get a kick out of rilin' 'em up, doncha?:biggrin1:
     
  12. Bbucko

    Gold Member

    Joined:
    Oct 28, 2006
    Messages:
    7,413
    Albums:
    1
    Likes Received:
    58
    Gender:
    Male
    Location:
    Sunny SoFla
    The title of this thread includes the word "assault*", yet by post #6 you suggest that he's not assaulting anything so much as an incompetent blunderer.

    Even for you, Star, this has to be one of the quickest walk-backs from an untenable piece of polemic.

    * Assault definitions included for shits and giggles:

    Free Dictionary by Farlex (legal definition):
    Free Dictionary by Farlex (general definition):


    Merriam-Webster Online
    :

    Words still mean things, you know.
     
  13. vince

    Gold Member

    Joined:
    May 13, 2007
    Messages:
    14,785
    Albums:
    1
    Likes Received:
    540
    Gender:
    Male
    Location:
    Asia
    I don't know if the American economy is going to crash again so soon or not. I'd favor raising taxes and cutting spending and reducing some deficits. But that's just me being cheap. I DO know for sure that Arthur Laffer is an idiot and I feel sorry for people who follow his advice.

    He had a little debate in 2006 about the short term future of the US economy with Peter Schiff. Have a listen:

    http://www.youtube.com Schiff vs Laffer

    Schiff was correct about everything he said and Laffer was 100% wrong.

    "The United States economy has never been in better shape!"
    "Monetary policy is spectacular!"
    "This economy...is working beautifully!"

    He was still spouting his partisan lies in the summer of 2008 when the US economy was already six months into a recession and near total economic collapse was weeks away:

    http://www.youtube.com/watch?v=-MqIQ5IQPxM

    These ideological talking heads giving advice and opinions should be locked up for the pain and suffering the cause the poor rubes who follow though on their whacked out prognostications.

    Given this guy's track record, I'd put him on IGNORE if I were you.
     
  14. B_starinvestor

    B_starinvestor New Member

    Joined:
    Mar 1, 2006
    Messages:
    4,409
    Likes Received:
    0
    Gender:
    Male
    Location:
    Midwest
    Did you read the link dude?
     
  15. B_starinvestor

    B_starinvestor New Member

    Joined:
    Mar 1, 2006
    Messages:
    4,409
    Likes Received:
    0
    Gender:
    Male
    Location:
    Midwest
    To clarify: He is deliberately assaulting the economy. He believes that by taxing the wealthy and entrepeneurs, he will be embraced by the low and middle income population, and cruise into a second term.

    My post #6 simply means that he doesn't understand what this taxation will do to the economy, and by virtue of screwing up the economy, he will have no hope of re-election. Post #6 was in relation to a previous poster suggesting that Obama wouldn't sabotage his own re-election hopes.

    Obama is a con man first - before anything else. He looks at his objective - which in this case is re-election. He determines how to con the populace, and then implements his con. At the very end of his thought process - after perfecting his con - he may consider the actual repercussion of his behavior, but I doubt it.

    He has been pulling off cons for 25 years with that silver tongue. He is so adept at manufacturing cons, that now it is the only thing he is programmed to do. And I would venture to say that he is likely one of the best, most polished and remarkable con men in the world.

    If you read the book 'Catch Me if You Can' - it was written by possibly the best con man in U.S. history - Frank Abagnale, Jr. Barack Obama is just as talented as Abagnale, but wields infinitely more power.

    When his game is finally up - because you can't pull off cons forever - it will come down hard and fast on this guy.
     
  16. TomCat84

    Gold Member

    Joined:
    Nov 23, 2009
    Messages:
    3,497
    Albums:
    1
    Likes Received:
    32
    Gender:
    Male
    Location:
    San Diego, CA
    Man, I want whatever Kool-Aid you're drinking!
     
  17. midlifebear

    Gold Member

    Joined:
    Dec 21, 2007
    Messages:
    5,908
    Likes Received:
    11
    Gender:
    Male
    Location:
    Nevada, Buenos Aires, and Barçelona
    Cons? You mean cons line the Teapot Dome Scandal? :smile:
     
  18. TomCat84

    Gold Member

    Joined:
    Nov 23, 2009
    Messages:
    3,497
    Albums:
    1
    Likes Received:
    32
    Gender:
    Male
    Location:
    San Diego, CA
    Good ole President Harding :wink:
     
  19. midlifebear

    Gold Member

    Joined:
    Dec 21, 2007
    Messages:
    5,908
    Likes Received:
    11
    Gender:
    Male
    Location:
    Nevada, Buenos Aires, and Barçelona
    And God bless Sinclair Oil. :wink: :wink:
     
  20. ksupimp

    Verified Gold Member

    Joined:
    Mar 14, 2010
    Messages:
    45
    Albums:
    1
    Likes Received:
    0
    Gender:
    Male
    Location:
    Lots of places...
    Verified:
    Photo
    Have to agree... I kept more money in my pocket from lower taxes and also recieved one of the largest tax returns I've ever had in my life, despite capitol gains (didn't have huge gains, but gains none the less).

    I believe that the thinking, sentient people don't respond because it's like arguing with a rabid gorilla with ass rash. To each their own. I have my ideas, they have theirs. Lately, it seems the drivel coming from the left is just as bad as what's coming from the right. Who knows what to believe...
     
Draft saved Draft deleted