Skip to comments.Obama: Limited Gov't That Preserves Free Markets 'Doesn't Work. It Has Never Worked'
Posted on 09/03/2012 7:16:24 AM PDT by Son House
In a speech delivered at Osawatomie High School in Osawatomie, Kansas, on Tuesday, President Barack Obama argued that while a limited government that preserves free markets "speaks to our rugged individualism" as Americans, such a system "doesn't work" and "has never worked" and that Americans must look to a more activist government that taxes more, spends more and regulates more if they want to preserve the middle class.
"'[T]here is a certain crowd in Washington who, for the last few decades, have said, lets respond to this economic challenge with the same old tune. 'The market will take care of everything,' they tell us," said Obama. "If we just cut more regulations and cut more taxes--especially for the wealthy--our economy will grow stronger.
"Sure, they say, there will be winners and losers," Obama continued. "But if the winners do really well, then jobs and prosperity will eventually trickle down to everybody else. And, they argue, even if prosperity doesnt trickle down, well, thats the price of liberty.
"Now, its a simple theory," said Obama. "And we have to admit, its one that speaks to our rugged individualism and our healthy skepticism of too much government. Thats in Americas DNA. And that theory fits well on a bumper sticker. But heres the problem: It doesnt work. It has never worked.
"It didnt work when it was tried in the decade before the Great Depression," said Obama. "Its not what led to the incredible postwar booms of the 50s and 60s. And it didnt work when we tried it during the last decade. I mean, understand, its not as if we havent tried this theory.
"Remember in those years, in 2001 and 2003, Congress passed two of the most expensive tax cuts for the wealthy in history," said Obama. "And what did it get us? The slowest job growth in half a century. Massive deficits that have made it much harder to pay for the investments that built this country and provided the basic security that helped millions of Americans reach and stay in the middle class==things like education and infrastructure, science and technology, Medicare and Social Security.
"Remember that in those same years, thanks to some of the same folks who are now running Congress, we had weak regulation, we had little oversight, and what did it get us?" said Obama. "Insurance companies that jacked up peoples premiums with impunity and denied care to patients who were sick, mortgage lenders that tricked families into buying homes they couldnt afford, a financial sector where irresponsibility and lack of basic oversight nearly destroyed our entire economy.
"We simply cannot return to this brand of 'youre on your own' economics if were serious about rebuilding the middle class in this country," said Obama.
This rhetoic, pathetic as it is, resounds with some of the dumbasses we have who vote. In today’s letters to editor locally, some jackwaggon pointed out that the anti obama crowd believes that reducing taxes on the rich means they do not pay their fair share.
I wonder what this asshat would say if someone said, OK, why not just raise everyone’s taxes 5%, in other words, putting in a new bracket beginning at income level zero.
Is not an equally important question that of why Obammy chose the venue, and the location?
Look under the rug at this rascal.
ITS THE ECONOMY, STUPID!!!!
See he’s gone full commie in public. Not even remotely trying to hiding it anymore.
No doubt in my mind, he was SENT to destroy.
He is a sociopath through and through. His glibness is sickening.
Be confident! Remember, Starve the Beast 2.0 is the next step if he gets a second term. He won’t be able to just keep spending with even less tax revenue collected, and the people living off government either will get a check that bounces, or the printing of more money to cover expenses will cause dramatic inflation. Win or lose, we have a plan to bring government spending to a halt.
Where has socialism EVER worked, Obama?
Soviet Union? ROFL
Cuba? Venezuela? N. Korea?
Name one, Obama.
Blacks are going to vote for Obama regardless. But every time I see these white people behind Obama, nodding at his utterances and smiling beatifically as if they’re having a religious experience, I wonder what kind of mental illness has hold of them. I cannot understand it.
Well, there it is.
Hussein has declared open war on our COnstitutional Republic.
Thanks Son House.
“You Didn’t Build That” Isn’t Going Away: It doesn’t matter what Obama meant. Here’s why.
Slate | August 30, 2012 | Rachael Larimore
Posted on 09/02/2012 7:40:21 PM PDT by 2ndDivisionVet
Tell that to the Ghost of Ronald Reagan.
What do you expect from a idiot that spent the Reagan years in a madras in Indonesia?
Thanks Vintage Freeper for posting this:
It articles like this that make we wonder if the voters of the USA have gone insane. How is this corrupt incompetent empty chair above 10% in the polls?
Thanks, guess I’ll keep an eye open for Les Miserables in audio;
Thanks for the post.