Posted on 03/26/2009 8:48:44 AM PDT by SonOfDarkSkies
President Obama does not understand economics. All you have to do is watch his press conference of this past Tuesday to understand that.
He doesn’t understand how wealth is created. He doesn’t understand how and why people earn and receive rewards. He doesn’t understand how and why employment agreements are made and kept.
Of course, this is no surprise to many of us. It was clear during the presidential campaign that Obama did not understand economics. As he talked about the need to “reward work instead of rewarding wealth,” he demonstrated his cluelessness about the relationship between labor and capital – and the crucial need each has for the other.
And it didn’t take a Nobel Prize-winning economist to sniff this out. Heck, a plumber sniffed it out. Obama’s claim that raising taxes on a small businessman would somehow benefit the businessman because the money would somehow be given to the man’s prospective customers was one of the most mind-bogglingly ignorant statements ever uttered. The only reason you don’t remember it is that the mainstream media chose to focus instead on the fact that the man who asked the question wasn’t properly licensed as a plumber, or something, which was clearly much more important than the qualifications of the man answering the question to do the job he was seeking.
(Excerpt) Read more at northstarwriters.com ...
This is news to someone? lol
He does not need to understand! He is doing exactly what he was programmed to do!!!
0be’s all over that Price and Earning Ratio thing. He said so.
Its become obvious he doesn’t understand anything except radical angry liberationist theory and community organizing
and how to use his charming self to get his unspoken agenda past guilty (and in his mind, stupid and gullible) white people
IBTCOP
No shi+?
LOL, its normal description is too ingrained in my head to be able to get with the new HopeyChangey thing.
Working people have money.
People who don't work don't have money.
Take the money from the people who work and give it to the people who don't work.
I thought he said “Profit and earnings”.
He understands economics the same as those that bought homes with nothing down. Borrow, borrow, borrow with no way of paying it back. He will soon take the same stand they do.........”You owe me, I deserve it.”
Community organizers like Al Sharpton, Jesse Jackson, and Barack Obama know how to bleed the economy, not how to stimulate it.
He'll stumble through his four years creating havoc everywhere he goes and will still be lauded as a hero, all because he's black.
See #9. My bad (with explanation).
Economics? Only? This clown doesn’t understand anything requiring a beyond-Acorn education.
A shrink I know says he thinks Obama is an empty slate, being written upon by all the people around him.
Ladies and Gentlemen, the Winner of the competition for longest screen name/tag line combination is.....
Ta Da!
Not to be confused with the Profit and Earrings Ratio.
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