I am honestly surprised that Communist in Chief, Obama, didn't say, "America is a whorehouse where the revolutionary ideals of your forefathers have been corrputed!"
Posted on 02/04/2009 10:23:48 PM PST by BAW
As a presidential candidate, Barack Obama attacked "trickle down economics" as "bankrupt" and an "old, discredited" philosophy that "didn't work." He was wrong. Even worse, though, is that he and congressional Democrats are embracing a Democratic version of trickle-down economics that won't work.
It's embodied in the House-passed "stimulus" bill, H.R. 1, whose deeply flawed assumption is that spending $1 trillion to grow government will trickle down to help people who lost jobs. The Democrats' spending is horribly mismatched with industries that have suffered job loss.
Since December 2007, Americans lost 791,000 jobs in manufacturing, 681,000 jobs in professional and business services, 632,000 jobs in construction, 522,000 jobs in retail, 167,000 jobs in hospitality, and 576,000 jobs in the rest of the service industry. It would be logical for policy makers to focus on job creation in these sectors.
Instead, Democrats want to spend $88 billion to increase the federal share of Medicaid. What American will be hired by a small business, factory, retail shop, hotel, restaurant or service company because of this spending? The answer is very few.
(Excerpt) Read more at online.wsj.com ...
Please let it be so.
It’s the economy, dumbo!!
“Mr. Obama has only his own lack of engagement and leadership to blame. He outsourced the drafting of the bill to House Appropriations Committee Chairman David Obey through inaction. He refused to get his administration’s hands dirty in crafting the legislation by laying out a detailed plan in December. Then saying he looked forward to Congress passing a bill for him to sign on Inauguration Day was an invitation for liberal spenders to roll him. They did.”
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That’s what really got me when Rove repeated this on the Sean show earlier. This most important piece of landmark legislation, the success or failure of which would determine the fate of his presidency... and he refused to take a personal hand in its crafting. Is that insane or just plain stupid?
There won't be any tax revenues generated from that. Or jobs. Or investments.
It is complete and utter lack of experience. This is literally his first job.
“This most important piece of landmark legislation, the success or failure of which would determine the fate of his presidency... and he refused to take a personal hand in its crafting. Is that insane or just plain stupid?”
He’s never written a piece of legislation in his life. Why should he start now?
after reading through the first 15 or so pages of the Porkulus Bill, it became obvious that is just a Spending Spree for socialist idealism....things like hundreds of millions in grants to “prove” Global Warming or the 100’s of millions to study “battery technology”, maybe I read it wrong but it appears the budget cap for studying climate change dwarfed the budget to operate the entire US Marine Corps
it's like a TV sitcom of "Erkel Goes to Washington".......problem is it's not funny
“Trickle Down” economics is a term coined by liberals to belittle Reagan’s economic approach, an approach that worked economic wonders during and long after — thanks to Alan Greenspan — Reagsn’s tax cuts went into effect.
Meanwhile, there exists an apt term to describes the liberal approach to economics. That term is “Shake Down” economics.
I am honestly surprised that Communist in Chief, Obama, didn't say, "America is a whorehouse where the revolutionary ideals of your forefathers have been corrputed!"
Obama’s “trickle down” theory of economics, when translated into plain English, is:
“Piss on the middle class” - that’s how it will trickle down.
No it’s not funny. But it’s good to get any laughs you can.
It didn’t work. Let’s not try it again.
The king has no spine.
ΜΟΛΩΝ ΛΑΒΕ
There seems to be an assumption by Mr. Rove here that Obama and his team would be able to lay out a detailed plan. Time will tell, by I believe what we see here is "incompetence" not "inaction."
Has little to do with inexperience. It;s a matter of depravity. He wants to play God and thinks he can actually do it. Thinks he can fix everybody’s life and create a new world in his horrific image.
That sounds like inexperience to me. I got over my god complex when I was about eight.
Ted Kennedy and Barney Frank have lots and lots of experience. So obviously they would be stellar Presidents?
Bill Clinton has plenty of experience.
Trickle-Down economics equates to what I’d call Supply-Side economics, and my 1984 dictionary defines “supply-side” as “designating or of an economic theory that an increase of money for investment, as supplied by lowering taxes, will increase productivity.”
Conversely, there exists what I’d call “Shake-Down” economics, a term tht might be more acceptably called “demand-side” economics ... and defined in some future dictionary as ... designating an economic theory that a decrease of money for investment, as taken by raising taxes, will decrease productivity.
It’s that simple, folks.
Whatever.
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