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Obama: ‘You Can’t Have a Modern Industrial Economy’ With Lower Taxes
cnsnews.com ^
| 9-26-11
| Fred Lucas
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 ...
TOPICS: Business/Economy; News/Current Events; Politics/Elections; US: California
KEYWORDS: economy; jobs; obamanomics; taxes
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1
posted on
09/27/2011 7:46:18 AM PDT
by
Justaham
To: Justaham
Words fail me.
Who is running the teleprompter?
2
posted on
09/27/2011 7:48:14 AM PDT
by
RatRipper
(I'll ride a turtle to work every day before I buy anything from Government Motors.)
To: Justaham
I guess we should follow the Michigan model for success.
3
posted on
09/27/2011 7:48:50 AM PDT
by
Lazlo in PA
(Now living in a newly minted Red State.)
To: Justaham
Well you can’t have any kind of growing economy with the govt taking 24% of GDP
4
posted on
09/27/2011 7:49:33 AM PDT
by
rokkitapps
( Hearings on healthcare waivers NOW! (If you agree make this your tagline))
To: Justaham
“Modern Industrial Economy” = Socialism/Communism
They love to cloak language.
5
posted on
09/27/2011 7:49:33 AM PDT
by
RushIsMyTeddyBear
(Attaaaack Waaaaaaaaaaaaaaaaaaaaaaatch!!!!! XD)
To: Justaham
Yes, he’s right. Just look at Europe. It’s obvious that the welfare state and its taxation policies work really well.
6
posted on
09/27/2011 7:50:06 AM PDT
by
achilles2000
("I'll agree to save the whales as long as we can deport the liberals")
To: Justaham
He's right.
You can't have a modern government/corporate crony-capitalist economy without strangling individuals and small businesses.
Those little guys can't be controlled efficiently.
7
posted on
09/27/2011 7:50:37 AM PDT
by
E. Pluribus Unum
(Palin is coming, and the Tea Party is coming with her.)
To: Justaham
Idiot squared in Mountain View CA
8
posted on
09/27/2011 7:50:37 AM PDT
by
capydick
(''Life's tough.......it's even tougher if you're stupid.'')
To: RushIsMyTeddyBear
what is this industrial economy anyway, I thought we were a green-tech, service oriented economy, I thought we have been told that is the future!
9
posted on
09/27/2011 7:50:56 AM PDT
by
rokkitapps
( Hearings on healthcare waivers NOW! (If you agree make this your tagline))
To: RushIsMyTeddyBear
Industrial economies are so 20th century. That’s part of the problem, they are still using the old economic playbook.
10
posted on
09/27/2011 7:51:14 AM PDT
by
dfwgator
To: Justaham
Obama: ‘You Can’t Have a Modern Industrial Economy SOCIALISM’ With Lower TaxesFUBO GTFO! 481 Days until Noon Jan 20, 2013
11
posted on
09/27/2011 7:51:29 AM PDT
by
The Sons of Liberty
(Psalm 109:8 Let his days be few and let another take his office. - Mene, Mene, Tekel, Upharsin)
To: 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”......
GAG ME WITH A SPOON!...Go back to school NUMBNUTS!
To: Justaham
Community organizing at its finest.
13
posted on
09/27/2011 7:52:06 AM PDT
by
Tzimisce
(Never forget that the American Revolution began when the British tried to disarm the colonists.)
To: rokkitapps
Yeah, bummer's been showing us what "service oriented" means.
14
posted on
09/27/2011 7:52:22 AM PDT
by
Christian Engineer Mass
(25ish Cambridge MA grad student. Many conservative Christians my age out there? __ Click my name)
To: Justaham
someone conveniently overlooks the Reagan years, as usual
15
posted on
09/27/2011 7:52:30 AM PDT
by
NRA1995
(Obama's presidency is shovel-ready; let's bury it in 2012!)
To: achilles2000
It’s obvious that the welfare state and its taxation policies work really well.It's beyond me why the Pubbies arent hammering this point home every minute of every day.
16
posted on
09/27/2011 7:52:37 AM PDT
by
capydick
(''Life's tough.......it's even tougher if you're stupid.'')
To: rokkitapps
Yes, but he uses the word “modern” (green).
17
posted on
09/27/2011 7:53:25 AM PDT
by
RushIsMyTeddyBear
(Attaaaack Waaaaaaaaaaaaaaaaaaaaaaatch!!!!! XD)
To: Justaham
18
posted on
09/27/2011 7:55:16 AM PDT
by
Williams
(Honey Badger Don't Care)
To: RushIsMyTeddyBear
I note that ‘working families’ is the euphemism of choice for ‘family of four completely dependent on government.’
19
posted on
09/27/2011 7:56:10 AM PDT
by
relictele
(Pax Quaeritur Bello)
To: Justaham
At this point, the Democrats have to be past FacePalm territory and right into unreserved terror that Obama will speak — on ANY subject — again.
20
posted on
09/27/2011 7:57:13 AM PDT
by
Lazamataz
(Michael Moore: Aggressively Hypocritical and Smug About It.)
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