Economist: Obama's Socialism Will Wreck the Economy
It'll Ruin the Tax Code as Well
Posted by: Brian Faughnan
Economist Adam Lerrick asks whether the tax code is at a tipping point, and if Barack Obama will shove it over the edge:
What happens when the voter in the exact middle of the earnings spectrum receives more in benefits from Washington than he pays in taxes? Economists Allan Meltzer and Scott Richard posed this question 27 years ago. We may soon enough know the answer.
....Barack Obama couches all of his talk in the language of 'fairness;' of trying to make sure that everyone gets 'a slice of the pie.' But in employing the rhetoric of redistribution, class warfare, and yes, socialism, Obama ignores how progressive the tax code already is. It's often said that when you rob Peter to pay Paul, you can always count on Paul's support. In trying to push the fairness needle further, Obama is attempting to lock that rule in as a foundation of tax policy.
As the Tax Foundation points out, the tax code already redistributes $1 trillion from the top 40 percent of earners to the lowest 60 percent. How much is enough for President Obama? And what happens if we discover, as France, Germany, the U.K., and much of Europe did, that you will destroy the economy and ruin government finances if you allow the bottom half of earners to vote themselves whatever benefits they want, at the expense of the minority.
Showing posts with label socialism. Show all posts
Showing posts with label socialism. Show all posts
Thursday, October 23, 2008
Friday, October 17, 2008
Be AFRAID, BE VERY AFRAID
If you wonder what an Obama Presidency would be like then all you need to do is look at the tactics run in this campaign. Obama 'truth' squads squashing free speech and the right to disagree, massive multi-state voter FRAUD and stealing this election, privacy attacks on Governor Palin and now the ordinary citizen asking a simple question...Joe the Plumber. If the media spent the time it has in looking into every detail of Obama's life like they did Joe the Plumber then Hilary would be a sure in for President now. Obama was never vetted as vigourously as Palin OR Joe the Plumber. We still don't have Obama's school records, ACTUAL birth certificate, why he has plagarized speeches of candidates from 4 years ago, his iffy personal connections, and the list could go on.....Everything Obama is hands-off....everything about YOU the citizen is fair game.......THAT is frightening.....it does not bode well for the future of this country.
No free speech, no right to question the anointed one, no right to dissent, stuffing the ballot box, wanting only the media that likes the anointed one (Obama boohoos every chance he gets about Fox news while NYT, WP, MSNBC, CBS, ABC,CNN, etc are ALL in the tank for him)...we might as well live in Russia....
People ignore the obvious. It isn't about Joe...it is about what Obama SAID...and what he said is that his plan is MARXISM...pure and simple. yep, Obama is RED
No free speech, no right to question the anointed one, no right to dissent, stuffing the ballot box, wanting only the media that likes the anointed one (Obama boohoos every chance he gets about Fox news while NYT, WP, MSNBC, CBS, ABC,CNN, etc are ALL in the tank for him)...we might as well live in Russia....
People ignore the obvious. It isn't about Joe...it is about what Obama SAID...and what he said is that his plan is MARXISM...pure and simple. yep, Obama is RED
Thursday, October 16, 2008
conservative swings....except in the USA
While the USA seems on the brink of electing the MOST LIBERAL SENATOR EVER...most of our leading allies have taken a conservative swing in recent elections...Canada being the most recent.
"Mark Steyn put it earlier this week:
If Obama is elected in November, at G7 meetings, for the first time since they began, America will have a more left-wing leader than any other member of the group - Canada, Germany, France, Italy, Japan, and Britain (and that’s before Gordon Brown loses to David Cameron). Right-of-center government throughout the western world - except Washington.
"Mark Steyn put it earlier this week:
If Obama is elected in November, at G7 meetings, for the first time since they began, America will have a more left-wing leader than any other member of the group - Canada, Germany, France, Italy, Japan, and Britain (and that’s before Gordon Brown loses to David Cameron). Right-of-center government throughout the western world - except Washington.
Tuesday, September 23, 2008
Obama and Ayers pushed radicalism on schools
Finally, the media is picking up the story about the William Ayers/Obama connection.........by Stanley Kurtz with the Wall Street Journal online......
"Despite having authored two autobiographies, Barack Obama has never written about his most important executive experience. From 1995 to 1999, he led an education foundation called the Chicago Annenberg Challenge (CAC), and remained on the board until 2001. The group poured more than $100 million into the hands of community organizers and radical education activists."
The Obama campaign has fought to keep this information out of the public....
"The Obama campaign has struggled to downplay that association. Last April, Sen. Obama dismissed Mr. Ayers as just "a guy who lives in my neighborhood," and "not somebody who I exchange ideas with on a regular basis." Yet documents in the CAC archives make clear that Mr. Ayers and Mr. Obama were partners in the CAC. Those archives are housed in the Richard J. Daley Library at the University of Illinois at Chicago and I've recently spent days looking through them."
"The Daley archives show that Mr. Obama and Mr. Ayers worked as a team to advance the CAC agenda.
One unsettled question is how Mr. Obama, a former community organizer fresh out of law school, could vault to the top of a new foundation?"..... "Yet the archives show that.......No one would have been appointed the CAC chairman without his approval."
The bulk of the article can be seen here...http://online.wsj.com/article/SB122212856075765367.html
Kurtz concludes with..."The Obama campaign has cried foul when Bill Ayers comes up, claiming "guilt by association." Yet the issue here isn't guilt by association; it's guilt by participation. As CAC chairman, Mr. Obama was lending moral and financial support to Mr. Ayers and his radical circle. That is a story even if Mr. Ayers had never planted a single bomb 40 years ago.
Mr. Kurtz is a senior fellow at the Ethics and Public Policy Center."
"Related... Investor's Business Daily writes on Obama and "The Audacity of Socialism."
"Despite having authored two autobiographies, Barack Obama has never written about his most important executive experience. From 1995 to 1999, he led an education foundation called the Chicago Annenberg Challenge (CAC), and remained on the board until 2001. The group poured more than $100 million into the hands of community organizers and radical education activists."
The Obama campaign has fought to keep this information out of the public....
"The Obama campaign has struggled to downplay that association. Last April, Sen. Obama dismissed Mr. Ayers as just "a guy who lives in my neighborhood," and "not somebody who I exchange ideas with on a regular basis." Yet documents in the CAC archives make clear that Mr. Ayers and Mr. Obama were partners in the CAC. Those archives are housed in the Richard J. Daley Library at the University of Illinois at Chicago and I've recently spent days looking through them."
"The Daley archives show that Mr. Obama and Mr. Ayers worked as a team to advance the CAC agenda.
One unsettled question is how Mr. Obama, a former community organizer fresh out of law school, could vault to the top of a new foundation?"..... "Yet the archives show that.......No one would have been appointed the CAC chairman without his approval."
The bulk of the article can be seen here...http://online.wsj.com/article/SB122212856075765367.html
Kurtz concludes with..."The Obama campaign has cried foul when Bill Ayers comes up, claiming "guilt by association." Yet the issue here isn't guilt by association; it's guilt by participation. As CAC chairman, Mr. Obama was lending moral and financial support to Mr. Ayers and his radical circle. That is a story even if Mr. Ayers had never planted a single bomb 40 years ago.
Mr. Kurtz is a senior fellow at the Ethics and Public Policy Center."
"Related... Investor's Business Daily writes on Obama and "The Audacity of Socialism."
Wednesday, September 17, 2008
Obamanomics "Taxation at gunpoint is just neighborliness"
Obama's GRAND PLAN for financial relief for American's is a redistribution of wealth. He states that his plan is 'just neighborliness'. When he wants to give 95% of Americans tax relief he fails to mention that 50% of Americans do NOT pay any taxes.
According to Boston Globe journalist Jeff Jacoby, "What he is really proposing, therefore, is not tax relief but a bald transfer of cash - $1,000 per family, he pledges - from the wealthiest Americans to everyone else. In 1972, George McGovern advocated something similar - a $1,000 "demogrant" for every US citizen. Just last year, Hillary Clinton suggested that the government start off every new baby with a $5,000 savings account. "
When Bill O'Reilly questioned Obama about this and called him on the 'socialist tenet' of 'economic wealth distribution'. Obama countered that it was 'just neighborliness'. ""That's class warfare," O'Reilly objected. "You're taking the wealthy in America, the big earners . . . you're taking money away from them and you're giving it to people who don't. That's called income redistribution. It's a socialist tenet. Come on, you know that" Obama said it was a 'matter of civility."
But Obama's tax returns show that he only donated 1% and 5% of his income when he was making over 1/4 of a million dollars.
"Taxation is not generosity, it is confiscation at gunpoint. Does Obama not understand the difference?" Jeff writes.
http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2008/09/14/seeing_through_obamanomics/?p1=Well_MostPop_Emailed7
......
According to Boston Globe journalist Jeff Jacoby, "What he is really proposing, therefore, is not tax relief but a bald transfer of cash - $1,000 per family, he pledges - from the wealthiest Americans to everyone else. In 1972, George McGovern advocated something similar - a $1,000 "demogrant" for every US citizen. Just last year, Hillary Clinton suggested that the government start off every new baby with a $5,000 savings account. "
When Bill O'Reilly questioned Obama about this and called him on the 'socialist tenet' of 'economic wealth distribution'. Obama countered that it was 'just neighborliness'. ""That's class warfare," O'Reilly objected. "You're taking the wealthy in America, the big earners . . . you're taking money away from them and you're giving it to people who don't. That's called income redistribution. It's a socialist tenet. Come on, you know that" Obama said it was a 'matter of civility."
But Obama's tax returns show that he only donated 1% and 5% of his income when he was making over 1/4 of a million dollars.
"Taxation is not generosity, it is confiscation at gunpoint. Does Obama not understand the difference?" Jeff writes.
http://www.boston.com/bostonglobe/editorial_opinion/oped/articles/2008/09/14/seeing_through_obamanomics/?p1=Well_MostPop_Emailed7
......
BARACK'S STEALTH SOCIALISM
From Investor's Business Daily: "Barack Obama's Stealth Socialism"..........
"Before friendly audiences, Barack Obama speaks passionately about something called "economic justice." He uses the term obliquely, though, speaking in code — socialist code."
http://www.investors.com/editorial/editorialcontent.asp?secid=1501&status=article&id=302137342405551
" 'Economic justice' simply means punishing the successful and redistributing their wealth by government fiat. It's a euphemism for socialism."
"Following this discredited Marxist model, he believes government must step in and redistribute pieces of the pie. That requires massive transfers of wealth through government taxing and spending, a return to the entitlement days of old."
"Among his proposed 'investments' ":
• "Universal," "guaranteed" health care.
• "Free" college tuition.
• "Universal national service" (a la Havana).
• "Universal 401(k)s" (in which the government would match contributions made by "low- and moderate-income families").
• "Free" job training (even for criminals).
• "Wage insurance" (to supplement dislocated union workers' old income levels).
• "Free" child care and "universal" preschool.
• More subsidized public housing.
• A fatter earned income tax credit for "working poor."
• And even a Global Poverty Act that amounts to a Marshall Plan for the Third World, first and foremost Africa.
A careful reading of Obama's first memoir, "Dreams From My Father," reveals that his childhood mentor up to age 18 — a man he cryptically refers to as "Frank" — was none other than the late communist Frank Marshall Davis, who fled Chicago after the FBI and Congress opened investigations into his "subversive," "un-American activities."
As Obama was preparing to head off to college, he sat at Davis' feet in his Waikiki bungalow for nightly bull sessions. Davis plied his impressionable guest with liberal doses of whiskey and advice, including: Never trust the white establishment.
Understand the inner workings of this guy who wants "hope" and "change". He is nothing but a marxist looking to fleece America and give it to africa.
In Kenya's recent civil unrest, Obama privately phoned the leader of the opposition Luo tribe, Raila Odinga, to voice his support. Odinga is so committed to communism he named his oldest son after Fidel Castro.
Great expose on alfred e. newman.
Read and then vote your America not alfred e. socialist extraordinare.
"Before friendly audiences, Barack Obama speaks passionately about something called "economic justice." He uses the term obliquely, though, speaking in code — socialist code."
http://www.investors.com/editorial/editorialcontent.asp?secid=1501&status=article&id=302137342405551
" 'Economic justice' simply means punishing the successful and redistributing their wealth by government fiat. It's a euphemism for socialism."
"Following this discredited Marxist model, he believes government must step in and redistribute pieces of the pie. That requires massive transfers of wealth through government taxing and spending, a return to the entitlement days of old."
"Among his proposed 'investments' ":
• "Universal," "guaranteed" health care.
• "Free" college tuition.
• "Universal national service" (a la Havana).
• "Universal 401(k)s" (in which the government would match contributions made by "low- and moderate-income families").
• "Free" job training (even for criminals).
• "Wage insurance" (to supplement dislocated union workers' old income levels).
• "Free" child care and "universal" preschool.
• More subsidized public housing.
• A fatter earned income tax credit for "working poor."
• And even a Global Poverty Act that amounts to a Marshall Plan for the Third World, first and foremost Africa.
A careful reading of Obama's first memoir, "Dreams From My Father," reveals that his childhood mentor up to age 18 — a man he cryptically refers to as "Frank" — was none other than the late communist Frank Marshall Davis, who fled Chicago after the FBI and Congress opened investigations into his "subversive," "un-American activities."
As Obama was preparing to head off to college, he sat at Davis' feet in his Waikiki bungalow for nightly bull sessions. Davis plied his impressionable guest with liberal doses of whiskey and advice, including: Never trust the white establishment.
Understand the inner workings of this guy who wants "hope" and "change". He is nothing but a marxist looking to fleece America and give it to africa.
In Kenya's recent civil unrest, Obama privately phoned the leader of the opposition Luo tribe, Raila Odinga, to voice his support. Odinga is so committed to communism he named his oldest son after Fidel Castro.
Great expose on alfred e. newman.
Read and then vote your America not alfred e. socialist extraordinare.
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