Goolsby vs. Glen Hubbard on the economy on FOX.
Americans in labor force 63.5%.
Goolsbee - shouldn’t take one month’s report. If you look at the whole year, unemployment is down 1%. Some people are retiring, some are choosing to go to school. (I guess the fact that the percentage of Americans in the labor force is at its lowest point ever doesn’t matter ???)
Hubbard - most economists think fundamental tax reform that they’ve suggested will help stimulate the economy in a weak growth economy. (this guy needs more details in his presentation.)
Goolsbee - makes fun of Romney’s horse being a business. Wallace reminds him that obama said it wouldn’t be wise to raise taxes on the wealthy in a weak growth environment...we are in a worse economic environment now than when obama said that (jan, 2010). Goolsbee said it was because the unemployment rate was a full 2 points higher - that’s why the president said that. Wallace reminds Goolsbee the economy growth is even weaker today.
Hubbard says Romney is talking about tax reform not focussin on tax cuts. (??)
1) The American Economy is strictly private property, owned and operated by American citizens, who with their own money, blood, sweat, and tears cause it to grow, make profit and employ people.
And-
2) Taxation is nothing more than legally stealing money from the American people, the parasitic leaching of the lifeblood of the economy for whatever nefarious "public good"
I have a question for all these RAT-economists:
How does reducing this level of theft "blow a hole in the deficit" or "hurt the economy"? (lying bastards)
And what did Bill Clinton say,
http://www.rightwingnews.com/quotes/the-clinton-era-in-quotes/
Bill Clinton 1995 “...Probably there are people in this room still mad at me at that budget because you think I raised your taxes too much. It might surprise you to know that I think I raised them too much, too”
FLASHBACK: Obama Says You Don’t Raise Taxes In A Recession
http://www.youtube.com/watch?v=aufAtuTwKlE&feature=plcp