If taxes consumed less of America's wealth, as some Republicans would like, it would not be possible to have a “modern industrial economy
Posted on 09/27/2011 7:46:12 AM PDT by Justaham
If taxes consumed less of America's wealth, as some Republicans would like, it would not be possible to have a “modern industrial economy,” President Obama said during a town hall event in Mountain View, Calif. on Monday.
A member of the audience asked whether he could pay more in taxes, adding that he had been helped by federal Pell grants and infrastructure and job training programs that allowed him to be successful.
“Right now, we’ve got the lowest tax rates we’ve had since the 1950s,” Obama said during a lengthy reply.
“And some of the Republican proposals would take it back--as a percentage of GDP--back to where we were back in the 1920s,” he added. “You can’t have a modern industrial economy like that.”
(Excerpt) Read more at cnsnews.com ...
M O R O N
I think we’re looking Obama’s “modern industrial economy”. A good old fashion industrial economy sounds really good to me.
If taxes consumed less of America's wealth, as some Republicans would like, it would not be possible to have a “modern industrial economy
ZerO opens his mouth even to yawn and lies fall out. This man hasn’t got an honest bone in his body.
“conveniently overlooks the Reagan years”
And more importantly the 90s, which were the direct result of the Reagan years. Reagan was unique in also managing to turn things around within his own term
Obama learned economics while sitting on the hairy lap of Uncle Frank Marshall Davis - so don’t expect the theories to be coherent.
I think he really believes this stuff. Dangerous.
Sure you idiot! Just send it in. What a waste of DNA this person is.
Tell that to my 72 year old father who can't retire because he has to pay $12,000 a year in property taxes or the mafia, I mean the government, will steal his house. He is literally working to support the government. Tell me B.Hussein Obama; Is this what the founding fathers intended when they started this country based on freedom from tyranny? But what would you care being that you weren't born here.
Yep.
Someone ought to tell this moron that we HAD an modern industrial economy until Liberal regulations and TAXES hobbled it!!!!
The problem is not insuffiently high taxes but uncontrollably high political ambitions of the wanna-be ruling class. We were supposed to be a peaceful republic, nothing more or less. Stuff your taxes and your ambitions where the sun don't shine, Bam.
Also notice in his speeches when he uses the word “folks”. That’s “black folks”. No one else.
Obama dreams of the old USSR , where he can make all decisions LOL , they would say, we pretend to work and the government pretends to pay us
Mark Twain
I know, what a patronizing dick this idiot is. Why is he even saying that? The IRS has clearly stated on numerous occasions that if someone wants to pay more taxes the IRS wll gladly accept it. Michael Moore, those two idiots Matt Damon and Ben Afflack have all stated they wish to pay more taxes. Well what’s stopping them? Go ahead, send in 99% of all you make.
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