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1 posted on 07/18/2011 9:00:50 AM PDT by opentalk
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How can a guy who supposedly studied economics in college be “economically illiterat”?....sarcasm/off...


2 posted on 07/18/2011 9:03:29 AM PDT by Maverick68
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To: opentalk
When you steal the fruits of a person's labor, you remove the incentive to perform that labor. It is none of Obama's business how much people earn. It is not his business to decide how much you "need". If he institutes policies that steal the fruits of labor, the folks producing those fruits will stop working so hard. The "fruits" will disappear and the whole economy will grind to a halt.
3 posted on 07/18/2011 9:04:22 AM PDT by Myrddin
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To: opentalk

That decision is above and perpetually beyond his pay grade.


4 posted on 07/18/2011 9:05:24 AM PDT by RatRipper (I'll ride a turtle to work every day before I buy anything from Government Motors.)
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To: opentalk
Image and video hosting by TinyPic
5 posted on 07/18/2011 9:06:53 AM PDT by b4its2late ("Pray for Obama. Psalm 109:8")
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To: opentalk
If Obama says he doesn't need his extra money why doesn't he just send a few children to college with it? /s

After all, we the taxpayers are paying for everything for him and his gold digging family.

6 posted on 07/18/2011 9:07:03 AM PDT by kcvl
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To: opentalk

He is going to make a play for the government seizure of people’s IRA’s and 401k’s.


8 posted on 07/18/2011 9:08:40 AM PDT by Publius
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To: opentalk
"From each according to his ability, to each according to his need" Comrade.

Karl Marx would be so proud.

9 posted on 07/18/2011 9:09:15 AM PDT by Marathoner (What are we waiting for? Where are the Articles of Impeachment?)
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To: opentalk
How much income is too much?

Like Howard Cosell used to say, "You can't have too much money."

10 posted on 07/18/2011 9:10:32 AM PDT by Rudder (The Main Stream Media is Our Enemy---get used to it.)
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To: opentalk
Well that's the thing about income. especially in business, sometimes you do well and sometimes you lose a lot. You need to save during the good times to cover for the bad times. Plus, you need to put money aside during your peak earning years for when you get older and can't work.

Obama is the grasshopper in the old story about the grasshopper and the ants.

12 posted on 07/18/2011 9:11:32 AM PDT by oldbrowser (They're socialists don't call them liberals)
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To: opentalk

Well you are brilliant Obozo! I suggest you use that money you don’t need to buy the fuel you use when flitting around on Air Force One! And limit your flitting around on OUR Plane to the fuel you can afford. Obozo, can you say grounded?


13 posted on 07/18/2011 9:11:37 AM PDT by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
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To: opentalk
Government's view of the economy could be summed up in a few short phrases: If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it. - Ronald Reagan
14 posted on 07/18/2011 9:13:20 AM PDT by McGruff (Don't go wobbly on me now GOP leadership)
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To: opentalk

Yeah, would like to know what he deems to be money we don’t need. Maybe we should all make a run on the banks and investment institutions, pull our money out and hide it in the rafters. I don’t trust this SOB as far as I can throw him.


15 posted on 07/18/2011 9:13:34 AM PDT by fatnotlazy
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To: opentalk

The Democrats are doing everything that they can to hold back, control, hamper, regulate and steal from businesses and those who start, own and run them. Ergo they are doing everything they cab to destroy the economy.


23 posted on 07/18/2011 9:18:50 AM PDT by all the best
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To: opentalk
...in fact, I’m able to keep hundreds of thousands of dollars in additional income that I don’t need...

And yet, his tax forms don't reflect that he used that money for any charitable purpose. We don't need the government to handle this, Zero, if you've got hundreds of thousands of extra money that you "don't need," there are plenty of charitable foundations to donate to. Write the checks. But let the rest of us decide what money we do or don't need, and keep your grubby hands out of our wallets.

28 posted on 07/18/2011 9:24:38 AM PDT by Hoffer Rand (There ARE two Americas: "God's children" and the tax payers)
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To: opentalk

I don’t see him passing out any of his millions, and you can bet Pelosi isn’t going to give up what she doesn’t need.

These people talk a good game, but look at the Millionair’s in the Congress.

They aint giving up squat———not out of their pockets.


29 posted on 07/18/2011 9:25:56 AM PDT by Venturer
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To: opentalk
Here is the diffierence betwen people:

Chaney gave away most of his money and kept his mouth shut and Obama keeps his and tells the world.

32 posted on 07/18/2011 9:34:43 AM PDT by fini
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To: opentalk
In a nutshell, this is his "WTF" for the United States.

Growing up, my middle-class family, and many others knew there were limitations on what we could do financially. My parents didn't have a robust education, barely finishing high school. We knew deep inside however, that the system was there where if we worked hard enough, we could afford to better our lives. We knew we'd never be able to afford a country club lifestyle, a private college education, and fancy vacations. But we never expected other taxpayers to subsidize any of it, either. I believe that most people understand that, and accept it.

Obama however, is truly endorsing a collectivist' state where the government dictates the money any family needs, and confiscates the rest for the "common good" and to "even the playing field."

33 posted on 07/18/2011 9:40:20 AM PDT by Lou L (The Senate without a fillibuster is just a 100-member version of the House.)
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To: opentalk
When it comes to declaring class warfare and taxing the rich and confiscating their extra income, consider the following FYI:

1) According to an article in the Hill, House Speaker Nancy Pelosi's net worth soared from $13.7 million in 2008 to $21.7 million in 2009.

2) In 2005, 7420 federal workers were making $150,000 or more per year. In 2010, a whopping 82,034 federal workers are making $150,000 or more per year. That is more than a tenfold increase in just five years.

3) More than half of the members of the U.S. Congress are millionaires. [The wealthiest member of Congress has a minimum net worth of $167.55 million.

NOTE: Of the top Five Wealthiest Members of Congress, four are Democrats; Warner-VA, Rockefeller-WV, Harman-CA, Kerry-MA. Isaa of CA is the only Republican in the top 5.

4) The total compensation that the U.S. government workforce is going to take in this year is approximately $447 billion.

5) Today, all members of Congress earn at least $175,000. This is far, far more than the average American makes.

6) 60% of the federal government workforce is represented by labor unions.

7) The median wealth of a U.S. Senator in 2009 was $2.38 million.

8) In 2005, the U.S. Department of Defense had just nine civilians earning $170,000 or more. When Barack Obama took office, the U.S. Department of Defense had 214 civilians earning $170,000 or more. In June 2010, the U.S. Department of Defense had 994 civilians earning $170,000 or more.

9) Insider trading is perfectly legal for members of the U.S. Congress -- and they refuse to pass a law that would change that.

10) According to a recent study conducted by the Heritage Foundation, federal workers earn 30% to 40% more money on average than their counterparts in the private sector.

11) When you factor in such things as retirement and health care benefits, the compensation gap between federal workers and private sector employees gets even larger. The recent Heritage Foundation study states, "Including non-cash benefits adds to this disparity. The average private-sector employer pays $9,882 per employee in annual benefits, while the federal government pays an average of $32,115 per employee."

12) The personal wealth of members of the U.S. Congress collectively increased by more than 16% from 2008 to 2009.

Click for more shocking stats at Investing Answers

35 posted on 07/18/2011 9:44:16 AM PDT by N. Theknow (Si Ego Certiorem Faciam Mihi Tu Delendus Eris)
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To: opentalk

I know of a African Commie ,we do not need that needs sent back to Kenya,Somalia or where ever.


42 posted on 07/18/2011 10:23:36 AM PDT by Cheetahcat ( November 4 2008 ,A date that will live in Infamy.)
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To: opentalk

If someone asked Moochelle how much money she has that shey doesn’t need, I’d love to hear the answer.

Ditto with Nancy Pelosi

Babs Streisand

Steve Spielberg

Jeffery Immelt

Bill Gates

Chrissy Matthews

Anyone making $200,000

Andrew Breitbart- how about some ambush interviews?


43 posted on 07/18/2011 10:38:10 AM PDT by silverleaf (All that is necessary for evil to succeed, is that good men do nothing)
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