Meanwhile, Freepers attack BOR’s interview of Obama. I think they’re fools.
Obama is so easily rolled that I think even BOR was able to roll him with his “you want 50% of my success” line during his interview that was shown tonight.
Hard to attack the interview when the hotel i’m at tonight does not even have FOX news. I did leave a message for the GM. The Ritz Carlton Pentagon City has a liberal bias. Plenty of CNN and MSNBC and 4 or 5 Middle Eastern channels.
http://www.freerepublic.com/focus/f-bloggers/2077839/posts
Oh I saw some of that during the day today!
Wanting to take away his success was funny but that line about caring more about a caribou than the people who are having a hard time paying their bills.
He mocked Obama, laughed in his face.
I was worried Bill o would act like Larry king with obama but he did a great service and made a fool out of Obama on one of the best ratings night ever for Fox News.
Kudlow had 0bama pegged
Why Not Blame Obama?
The media favorite has a very poor grasp of basic economic principles.
By Larry Kudlow
http://article.nationalreview.com/?q=OTEwYWUxNjY0ZTJmNGY4NjAwYTM4NmJhNWMzZWYxNzc=
But here’s the deal: During the debate, Obama bungled his answers on tax policy, big time. Period. End of sentence. End of story. To my liberal friends in the media, all I can say is: Get over it. Your guy has a very poor grasp of basic economic principles.
First off, you don’t raise taxes during a recession. That’s a no-brainer. Second, doubling the capital-gains tax rate will affect Americans up and down the income ladder, not just rich hedge-fund managers. In addition, capital-gains tax cuts are self-financing, and they stimulate jobs and the economy. You want to raise budget revenues and spark economic growth? Cut the cap-gains tax rate. That’s what history shows.
The Wall Street Journal’s Steve Moore points out that in 2005, almost half of all tax returns reporting capital gains came from households with incomes under $50,000, while more than three-quarters came from households earning less than $100,000.
Obama also proposed uncapping the payroll tax, another blunder that will hit people up and down the income ladder. While Obama pledges tax hikes only for folks earning more that $200,000 a year, his tax hike on payrolls would actually slam middle-income earners. The cap on wages subject to the payroll tax is presently $102,000. By eliminating that cap Obama will be soaking veteran firemen, cops, teachers, and health-service workers, along with a variety of other occupations.
In fact, in America’s largest cities, a firefighter married to a school teacher can earn close to $200,000 filing jointly. So not only will each spouse separately pay more for Social Security and health care under Obama’s plan, together they’ll also be slammed by Obama’s cap-gains tax increase.
This is more than just a failure to understand the Laffer curve.