Quote:
Originally Posted by MSOsr
Sorry to disagree...but economists pointed out the dot.com bubble had burst and Bush inherited a recession. Then 9/11 occurred, which you can't blame on Bush.
Recall that Hussein (Saddam, not Barack) thumbed his nose at 17 or more UN resolutions...and he's dead. Khaddafi, when we entered Baghdad, said "Come get my WMDs". He, like Saddam, thought we were bluffing (based on Clinton responses), and when we did come after Saddam, Khaddafi said, "Oh, s**t!"
Bush's tax cuts raised 20% more tax revenues than Clinton's tax rates.
Obama would trash the effort of those soldiers to make the libs happy that they have $10 B more a month to spend. I think we owe it to those who sacrificed to go ahead and win the war, even if it does cost $10 B/ month.
The financial catastrophe was started by Jimmy Carter (passing the CRA), which was used by Bill Clinton as an "affirmative action" way to give home ownership to those who couldn't afford homes. Bush and McCain tried to tighten the reins on FM and FM, but the Dems on the financial committees wouldn't let the restrictions get to the floor for a vote. Despite the warnings, Barney Frank et al. in 2006 dismissed the complaints, claiming the Republicans "wanted to deny home ownership to the lower class" and were asking for a fix to "something that wasn't broken".
Raines et al. made millions in bonuses and golden parachutes, in spite of being guilty of misconduct that was illegal ("Enroning the books to justify bonuses). Why had they given so much money to Chris Dodd (over a bunch of years) and Obama (over only 2 years)? Is it because of their support to ACORN and those other entities that pushed the banks to make loans they refused to make years ago?
Check history: JFK dropped tax marginal rates and the economy took off. Reagan cut taxes hugely but doubled tax revenues in his 8 years. Bush cut Clinton's rates and tax receipts increased 20% over Clinton's, in spite of the drag on the economy 2 wars cost.
Obama wants to undo the Bush tax cuts. Why? Social engineering and "spreading the wealth"? He told Charlie Gibson, who pointed out that increasing the capital gains tax rate had historically brought in less income to the federal government, that it "wasn't fair that hedge fund managers made so much money"....in other words, "I'll use the tax code to punish those who are smart enough to make the big bucks, even if it results in less money to the US Treasury to provide programs to the American people."
Can you say "Class warfare? Socialism?"
The purpose of the federal income tax is to raise money for the federal government.....not to punish certain people and to take their money and give it to others. That's pure Socialism. Ask Obama why his goal isn't to maximize tax receipts so that there is money to pay down the debt and pay for programs, but is instead to bring down successful people and give their money to others, just like Karl Marx suggested.
Mike (free market guy)
|
Well said Mike (the free market guy)
Also an earlier post said something similar to "Palin doesnt even know who Obama is".
Well I gotta ask you, does anybody know who Obama is? Besides his obvious socialist comments such as "spread the wealth" all he evers talks about is "change" which seems pretty vague or his attempts to make McCain into Bush. There is much none of us know about Obama but what I do know, I dont like.