Obama’s War on Our Nation’s Most Productive Citizens

  3 Responses to “Obama’s War on Our Nation’s Most Productive Citizens”

1. 

   No2Liberals says:

   3/1/2009 at 10:34 am

   Kudlow is spot on.
   On his concern that the federal outlays to GDP will reach 30%, some think higher, especially in comparison with the EU-SSR.
   Such as Krauthammer.

   In the European Union, government spending has declined slightly, from 48 percent to 47 percent of GDP during the last 10 years. In the U.S., it has shot up from 34 percent to 40 percent. Part of this explosive growth in U.S. government spending reflects the emergency private-sector interventions of a Republican administration. But the clear intent was to make the massive intrusion into the private sector temporary and to retreat as quickly as possible. Obama has radically different ambitions.

   The spread between Europe and America in government-controlled GDP has already shrunk from 14 percent to 7 percent. Two terms of Obamaism and the difference will be zero.

   Conservatives take a dim view of the regulation-bound, economically sclerotic, socially stagnant, nanny state that is the European Union. Nonetheless, Obama is ascendant and has the personal mandate to take the country where he wishes. He has laid out boldly the Brussels-bound path he wants to take.

   Then there is Jim Rogers.

   What do you think of the government’s response to the economic crisis?

   JIM ROGERS

   Terrible. They’re making it worse. It’s pretty embarrassing for President Obama, who doesn’t seem to have a clue what’s going on—which would make sense from his background. And he has hired people who are part of the problem. [Treasury Secretary Tim] Geithner was head of the New York Fed, which was supposedly in charge of Wall Street and the banks more than anybody else. And as you remember, [Obama's chief economic adviser, Larry] Summers helped bail out Long-Term Capital Management years ago. These are people who think the only solution is to save their friends on Wall Street rather than to save 300 million Americans.

   Considering that B-HO’s father was a raging Communist, that had wanted to institute a 100% income tax on the wealthiest Kenyans, I believe this is a classic case of the apple and the tree. Also considering B-HO, in his book “Screams Of My Father,” claimed to seek out the Marxist professors while at Columbia, then it’s possible he encountered Professors Cloward and Piven, or those who studied under them. They produced the Cloward-Piven Strategy-Strategy for forcing political change through orchestrated crisis.
   I truly believe this is what is happening. I know B-HO is as bright as a 40watt bulb in deep space, and not the towering intellect so many claim, but even some one as stupid as he, and his hired guns, couldn’t possibly be this stupid, but instead are following a strategy to destroy capitalism in this country. The left has always believed, why I don’t know, that they are the superior beings that deserve to control the game.
   I think their overreaching in this crisis will not go unpunished in the next election cycle.

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2. 

   dianne says:

   3/1/2009 at 10:41 am

   During the Clinton admin my husband and I were in our prime earning years, but we had lived frugally, had paid off our house, owed no debt and our daughter was out on her own. Our biggest tax deduct was the high state taxes we have here in Kansas plus our property taxes. Well, thanks to our frugal living, we found ourselves not only in Clinton’s 39% tax bracket, we also got hit by the alternative minimum tax and promptly had what few deductions we had stripped away.

   In retrospect, my husband should have probably quit his job and stayed home and enjoyed tending to the property which sorely needed it. We talked about it. I had the higher paying job. But, he was a proud registered land surveyor and certainly not a slacker, never missing work under every kind of weather. Instead we both kept on working and paying taxes up the ying yang. He died at age 56 before ever retiring. His social security payments will go to fund somebody else’s retirement or disability.

   Moral of the story. Think long and hard about working to pay the tax man. Sometimes it just isn’t worth it.

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   • 

     No2Liberals says:

     3/1/2009 at 11:44 am

     Dianne,
     More and more people are thinking along the lines you have expressed, to stop working as hard, not earning as much, and spend more time at home with their families.
     Ayn Rand’s ‘Atlas Shrugged’ is now fifty two years old, and the message is becoming more relevant each day.

     Reply