"Our economic success has never come from the top down," Obama said. "It comes from the middle out; it comes from the bottom up." said the boy not smart enough to understand the business model of a lemonade stand...
Posted on 12/12/2012 1:05:36 PM PST by wac3rd
Since we have record numbers of Americans now at the bottom and struggling in the middle, our economy must be booming the most it has ever boomed. I didn’t realize that.
We need to tax those millionaires and billionaires who make who make more the $50,000.
Flippin idiots.
I guarantee you if I’m taking home less then someone or somethings gonna get cut. Might be lawnmower man or the maid or the dry cleaneroor fast food but, somethings get cut....
ROFL..!!!!
Economic growth comes from one source only, aside possibly from population growth: capital formation. Capital can be built up by any class of person, but most often and on the biggest scale it comes from people who already have significant capital. That is the rich.
"Our economic success has never come from the top down," Obama said. "It comes from the middle out; it comes from the bottom up." said the boy not smart enough to understand the business model of a lemonade stand...
“Sales volume. The more you sell, the more you hire.”
No, the more productive you are the more you hire. Selling the end product obviously has something to do with it, but what’s required for growth is not spending all we have to buy what’s out there now. It is to lengthen the productive period through investment in more roundabout means of production.
They know this, even though they won’t come out and say it. Otherwise why would the Fed be holding down the interest rate with all their might? What they want is not growth but growth on their terms, as an extension of their power, which is naturally because they think they can do it better than the people who actually earned the wealth. But they can’t. They suck at everything.
By the way, the sort of short-term memory history that leads to your one to one comparison of higher tax rates in the past coinciding with a better growth rate and confusing it with causation is exactly the halfbaked thinking that keeps us stuck in recessions.
I think you are reading my mind! Took the words right out of my mouth. Well said ~
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