Posted on 03/04/2009 5:42:49 PM PST by Free ThinkerNY
Is President Obama intentionally attempting to bring the stock market to its knees? Some argue that, indeed, he is. "The free market has failed," he could say, "just as it failed the housing market!"
Consider that, in the teeth of a devastating recession, Obama has:
• Raised taxes on small businesses, the engines of entrepreneurship and job growth
• Raised the capital gains tax
• Lied about "tax cuts for 95% of Americans", offering instead $13 a week, achieved not through tax cuts, but by changing the federal withholding tables!
• Destroyed charitable giving by axing the tax breaks for 26% of all giving (or $81 billion in 2006)
Why would Obama inflict these destructive policies while the economy is collapsing? Simple. Each step strengthens the role of government in people's lives.
• Squelching the stock market kills its attractiveness as a parking lot for private capital. Combined with an increase in the capital gains tax, investors will swarm to bonds -- tax-free vehicles like municipal bonds, which benefit the growth of state and local government. And unions, of course.
• True tax cuts would grow the economy, which is why, of course, Obama shuns them. The last major recession was Jimmy Carter's malaise. It consisted of of double-digit inflation and unemployment. It was finally licked by across-the-board tax cuts for everyone (even the despised rich), which touched off a twenty-plus year run of prosperity.
• Charities reduce the role of government assistance for those in need. That, in Obama's world, can not be tolerated. That is why charities must be choked off and allowed to die. Especially faith-based institutions.
The only plausible explanation is that Obama's destruction of the economy is intentional.
(Excerpt) Read more at directorblue.blogspot.com ...
Very good article, with excellent links, TE! Thank you!
Excellent article. Thanks for the link.
I’m just hoping that he becomes such a traitor to the country that even the dems want him out of office. Impeachment proceedings for treason would be delicious.
For reading later
You’re welcome. Thanks for posting the one that makes this thread.
You’re welcome, yorkie.
it is even more insidious than either of you posted.
They are going for a permanent victory over the middle class of the US and a permanent decline of US economic power so that we CONSUME LESS.
Their goal is no less than everyone being low paid Joe Lunchboxes.
The majority of Americans looting the till will ensure a permanent socialist government unless the entire country goes belly up.
Its a Obama’s war on capitalism.
It’s how Soros is making back all the money he sank into electing the Big O.
It’s all...part of the plan...
I can concur with that.
It’s intentional but B. Hussein, is not capable of doing it himself....he is just the front man, for the enemy within.
Thanks TE!
Is there a process for recalling an elected President?
From Wiki:
http://en.wikipedia.org/wiki/Impeachment
The Constitution grants the House the power to impeach “The President, the Vice President, and all civil Officers of the United States.”
The impeachment process is a two-step procedure. The House of Representatives must first pass by a simple majority articles of impeachment, which constitute the formal allegation or allegations. Upon their passage, the defendant has been “impeached”.
Next, the Senate tries the accused.
In order to convict the accused, a two-thirds majority of the senators present is required. Conviction automatically removes the defendant from office.
As far as recall is concerned, some on the left evidently think it is possible.
Is this a workable option, I doubt it.
—
See:
http://www.petitiononline.com/mod_perl/signed.cgi?recgwb&1
Recall President Bush
We endorse the Recall President Bush Petition to The US Congress and The Supreme Court.
It's tough to be THAT ignorant of the basics with teams of advisors... and even the most ardent loyalists start to look around when they see that their every act causes pain for everyone around, especially those one purports to care about the most. The only chioce left is that it is intentional. It seems quite clear to me.
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