Posted on 10/08/2008 8:43:04 AM PDT by truthandlife
Just two weeks ago, a book on economic policy was released that will be a classic for the ages. Entitled The End of Prosperity, by Art Laffer, Steve Moore, and Peter J. Tanous, the book explains in full detail the economic disaster that will befall America if it takes a sharp left turn to neo-socialism under the leadership of the far left President Barack Obama, the ultraleft Speaker of the House Nancy Pelosi, Senate Majority Leader Harry Reid with 60 liberal Democrat Senators, and their pal the ultraliberal Howard Dean heading the Democrat party.
Indeed, one of the insights of the book is that a major factor already tanking the stock market and leading foreign capital to flee America is the threat of the economic policies promised by Obama. Obama proposes increases in every major federal tax, on savers, investors, employers, small business, big business, and anyone who would start a business. Obama also promises to add additional federal spending of almost $1.5 trillion over the next four years, including a new global war on poverty in which Obama would tax Americans and send the money to the UN to spend worldwide (already introduced by Obama in legislation). That would be on top of all the spending increases already scheduled for our exploding entitlements and other programs. Obama also promises a massive increase in regulatory controls, even though government regulation is already estimated to cost America over $1 trillion per year, about $8,000 in lost output for every U.S. household. Then there is Obama's attack on free trade and promises of protectionist trade policies that contributed so much to the Great Depression.
(Excerpt) Read more at spectator.org ...
Reality is that we are heading back to the 1970’s with another Carter and a Liberal, unfettered Communist Congress in tow.
The US will look like Europe soon with no growth, huge taxes and unchecked 3rd World unskilled immigration, with the Muslim population growing exponentially as Obama will increase levels from the Middle East like never before.
The author mentioned the Global Poverty Act, but forgot the Civilian Corps that is supposed to rival the size and scope of the US military...cutting out the missle shield...
There is no wonder our enemies in Venezuela, China, the Middle East and Russia want Obama...this nation will not resemble the US in a generation.
I hate to be a naysayer, but under the spell of Obama and the cover provided by the Media who refuse to portray or expose his disturbing upbringing, affiliatons and mentors, the welfare and latte’ crowd could win this election if McCain does not step up and slam the Marxist for what he really is, an empty suit that is controlled by Soros.
Those of us who haven’t turned our backs on God must keep the faith. Those who turned their backs on God will soon realize that He has turned his back on them.
The Lord helps those who help themselves.
The difference between now and the Carter years: T
aking a few people hostage will seem tame compared to what will happen when the socialists are in charge.
Ouch!!! How much of the market drop is due to calculations that Obama may win?
We would have this only because Bush was such a giant cluster****.
Frankly, the Republicans have given up any rights to govern, considering their performance.
Only the rogues listed above could ever cause me to vote for McCain, and I hope there are enough people like me to prevent a total decline into Socialism.
I think the market sees socialism in America’s near future.
Yes indeed.
And he also says fear not. Also read Psalm 91.
Is that a scripture somewhere in the Bible?
Don't forget the Obama appointed Supreme Court Justices.
And as Commander in Chief, Obama can certainly destroy the morale of our troops.
Perhaps our military needs a new mission like "Meals on wheels, or some sort of peacekeeping roll under UN supervision. - tom
“God helps those who help themselves” is probably the most often quoted phrase that is not found in the Bible. This is actually a quote from Ben Franklin and it appeared in Poor Richard’s Almanac in 1757.
In fact the Bible teaches the opposite. God helps the helpless! Isaiah 25:4 declares, “For You have been a defense for the helpless, a defense for the needy in his distress, a refuge from the storm, a shade from the heat...”
I think W is trying to stop the bleeding before the election and they are trying to do a short term fix for problem that needs a long term fix.
buy more ammo?
“A man can never have too much red wine, too many books, or too much ammunition.”
-Kipling
My personal creation is “neo-comm”.
I’m preparing by investing in precious metals............lead.
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