Posted on 07/18/2011 9:00:48 AM PDT by opentalk
Over the past several weeks, America has seen on grand display in Washington a singular mindset emanating from the White House: We must raise taxes so that we can keep on spending. This week, though, America was treated to something differenta glimpse inside President Barack Obamas mind, a roadmap of his economic worldview. And what was revealed was a philosophy that is fundamentally at odds with Americas job creators.
That insight came during the Presidents press conference on Monday in which he broached the subject of raising taxes as part of the debt limit deal:
And I do not want, and I will not accept, a deal in which I am asked to do nothing, in fact, Im able to keep hundreds of thousands of dollars in additional income that I dont need, while a parent out there who is struggling to figure out how to send their kid to college suddenly finds that theyve got a couple thousand dollars less in grants or student loans.
If you read between the lines, which doesnt take much decoding, President Obama effectively believes that any income you have which you dont need belongs to the government, as writer John Steele Gordon explains in Commentary. And, Gordon writes, Obamas statement demonstrates an astonishing economic illiteracy:
To be sure, someone earning a great deal of money has an income greater than what he spends. . . But, unlike Scrooge McDuck, the rich do not put the excess in a vast money bin and frolic about in it. They invest it. What a concept! Where does Obama think new capital comes from, the tooth fairy?How much income is too much?
(Excerpt) Read more at blog.heritage.org ...
Yes, George Soros was involved in the global elites takeover of Argentina which de-industrialized their country, eliminated their middle class and plunged their citizens into massive starvation and unspeakable poverty.
...They stripped Argentina of its assets, sold them off to the fat-cat global elites, and they increased Argentinas national debt through massive out-of-control government spending that could never be repaid. This took money directly out of the pockets of the people in order to put it in their own pockets, to destroy their middle class and plunge the people into poverty and of course to set the conditions to justify placing Argentina under International Monetary Fund (IMF)/United Nations (UN) control.
I know of a African Commie ,we do not need that needs sent back to Kenya,Somalia or where ever.
If someone asked Moochelle how much money she has that shey doesn’t need, I’d love to hear the answer.
Ditto with Nancy Pelosi
Babs Streisand
Steve Spielberg
Jeffery Immelt
Bill Gates
Chrissy Matthews
Anyone making $200,000
Andrew Breitbart- how about some ambush interviews?
If I want to keep all my money because I want to leave it to my kids (so they’ll never be wards of the state) is that greedy? If I want to keep it because I want to build a dormitory at my alma mater is that greedy? How about if I want to finance an archeological dig? How about if I want to donate it to my church? Or bet it on the Kentucky Derby? How is that the government’s business?
If I want to keep all my money because I want to leave it to my kids (so they’ll never be wards of the state) is that greedy? If I want to keep it because I want to build a dormitory at my alma mater is that greedy? How about if I want to finance an archeological dig? How about if I want to donate it to my church? Or bet it on the Kentucky Derby? How is that the government’s business?
His job for whomever it is calling the shots that got him into the position he has, wants the destruction of America and he Obama is the ‘front’ man. Doing whatever the power behind him says to do.
Destroy America is the dream of Soros for instance.
"Actually, the first trial balloon was launched by the St. Louis Fed in a scholarly paper in 2004."
Interesting - thanks for the info.
Do you have an on-line reference for the St. Louis Fed paper you cited?
I tried to Google but didn't find anything.
In addition to that paper, I recall another scholarly paper from that era that suggested increasing the velocity of money by putting expiration dates on Federal Reserve Notes. This would depreciate each note based on the date of printing on a sliding scale.
The various Fed branches put academics to work writing this kind of stuff so that they don't explore dangerous ideas like the gold standard. "Idle hands are the Devil's playground."
“related link, Soros involvement”
Impossible to ignore the collusion.
“Could this be merely a happy coincidence for George Soros, the major financial backer of Obamas presidential campaign who also has $811 million invested in the Brazilian oil company, Petrobras? Wasnt it enough of a payback to Soros when the Obama Administration loaned up to $10 billion to Petrobras? Soros, with his far left-wing organization, MoveOn, is called the Godfather of world socialism.”
http://frontpagemag.com/2010/06/22/soros-oil-spill-payoff/
(2009)Tuesday was the last day of work for most of the 1,100 workers at the General Motors Pontiac East Assembly Plant, just north of Detroit. The shutdown of the last assembly plant in what was once a central production hub of GM is part of the forced bankruptcy and restructuring of the US automaker by the Obama administration.
The factory, formerly known as Pontiac Truck & Bus, produces Chevrolet Silverado and GMC Sierra pickup trucks. It is one of 14 plantsincluding at least six in Michiganthat will be closed under the terms of the government restructuring, which includes eliminating 21,000 of the companys remaining 62,000 hourly jobs by the end of next year. In addition, the company is closing 2,300 dealerships nationwide, which will affect another 100,000 workers.
The location is now empty and over run with weeds. A sad eye sore.
Obama is who he is ,The Book He Brags about so much tells how his Father said its Ok if you tax the people 100% as long as you give them something for it. PLEASE PEOPLE AT THIS POINT I WOULD LIKE TO KNOW WHAT IS SO FREAKIN HARD TO UNDERSTAND? OBAMA IS A FREAKIN MARXIST! FOR CRYING OUT LOUD WHAT THE HELL DOES THE GUY HAVE TO DO TO CONVINCE YOU,COME INTO YOUR HOUSE IN THE MIDDLE OF THE NIGHT AND DRAG YOU OUT TO AN INTERNMENT CAMP? Are you then going to turn on the main stream media and Believe that he just wanted to make sure you made your flight to Disney world?
This country has become a pathetic dump of Fat,ignorant,imbeciles,the entire Country should be Marching on Washington with their Sporting Equipment to throw these Bastards out
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