Autonation CEO Succumbs To Obama Derangement Syndrome: Says President Is Playing Class Warfare Card

The Business Insider ^ | 9-15-2010 | Joe Weisenthal

[blam]

Autonation CEO Succumbs To Obama Derangement Syndrome: Says President Is Playing The Class Warfare Card To Divide America

Joe Weisenthal
Sep. 15, 2010, 8:01 AM

Oh hey look! It's another CEO outraged that Obama plans to raise taxes on the rich.

This time it's Autonation CEO Mike Jackson who says on CNBC that the President is playing class warfare to divide Americans.

Apparently returning tax rates for the richest Americans to where they were prior to Bush -- which actually we don't think is a great idea -- is class warfare.

All of these CEOs keep bashing Obama, which is fine, but it's dumb, and reminds us of the way liberals became unglued during the Bush administration, convinced that he was bringing fascism to America. It was called Bush Derangement Syndrome.

In the end, these guys have a hard time making any substantive point about what the President has done so horribly, but whatever, when you start messing with their taxes, they're going to cry bloody murder.

[blam]

The New Meme: Even Communists Are Better Than Obama

[MNJohnnie]

So now in the brave new world of the 0-bot media speaking truth is a sign of "Obama Derangement Syndrome"?

These people need to be fired ASAP.

[LearsFool]

returning tax rates for the richest Americans to where they were prior to Bush

Enough of the word games. And enough of the political games.

We plebians may be dumb, but we ain't stoopid. Taxes go up? That's a tax hike. Taxes go down? That's a tax cut.

All this talk of "letting the tax cuts expire" fools no one except those who want to be fooled.

[Dr. Sivana]

All this talk of "letting the tax cuts expire" fools no one except those who want to be fooled.

Maybe they should have described the federal telephone tax that was put in place to fund the Spanish-American War and in place until recently as being "expired."

[IamConservative]

All this talk of "letting the tax cuts expire" fools no one except those who want to be fooled.

..and the actual fools.

[Psycho_Bunny]

I have yet to meet a liberal who isn’t consumed with hate toward “the rich”.

[griswold3]

I think the hatred comes from the deep seeded knowledge that you really can’t tax the rich. They aren’t going to hold still like sheep to be shorn. This is class warfare is historical in this country. As a matter of fact I believe it is the duty of those who create value in this country to remind the government who controls the ‘tax rates’.

Judge Learned Hand pissed off FDR
“Anyone may arrange his affairs so that his taxes shall be as low as
possible; he is not bound to choose that pattern which best pays the
treasury. There is not even a patriotic duty to increase one’s taxes.
Over and over again the Courts have said that there is nothing sinister
in so arranging affairs as to keep taxes as low as possible. Everyone
does it, rich and poor alike and all do right, for nobody owes any
public duty to pay more than the law demands.”
Source: in the case of Gregory v. Helvering 69 F.2d 809, 810 (2d Cir. 1934), aff’d, 293 U.S. 465, 55 S.Ct. 266, 79 L.Ed. 596 (1935)

CBO director Doug Elmendorf (http://cboblog.cbo.gov/)
May 2010...
The supreme court has said “the legal right of a taxpayer to decrease the amount of what otherwise would be his taxes, or altogether avoid them, by means which the law permits, cannot be doubted. (U.S. Supreme Court Justice Sutherland, Gregory vs. Helvering, 293 U.S. 465, 1965.

here’s a link to the CBO Director’s Blog and here’s what showed up there not long ago regarding the government’s inflows and outflows.

“The United States faces a fundamental disconnect between the services that people expect the government to provide, particularly in the form of benefits for older Americans, and the tax revenues that people are willing to send to the government to finance those services,” Douglas Elmendorf, director of the non-partisan Congressional Budget Office, writes in a May 17 blog post.

Addressing the current tax and spending gap to make fiscal policy sustainable is “an urgent task for policy makers,” Elmendorf says.

Devout Keynesians will have none of it. They’re concerned the government is doing too little. The U.S. isn’t borrowing and spending enough, they say, as if today’s spending is a free lunch or a free ticket to prosperity.

Even when the spending stops, the interest on the debt keeps on giving. The CBO projects that under current law, net interest on the debt will reach $723 billion in 2020, up from $207 billion this year. Ten years from now, five categories — Social Security, Medicare, Medicaid, defense and net interest — will account for three-quarters of government spending. Four of them are on automatic pilot.

[Nonstatist]

Obambi's raising taxes at the same time as govt spending is exploding and the economy is stagnating or shrinking.

That is the definition of class warfare: redistibuting a shrinking economic pie. You get to do that only if you are at war: class war, to be precise.

[Brytani]

My sister who claims to be an independent who worked for Obama’s Virginia campaign in 08 hates the rich but when I tell her that she falls back on the lefts typical propaganda - “why does someone need to make that much money?” as if that justifies their hatred, jealousy and refusal to acknowledge the rich make their money, it isn’t redistributed to them.

Sigh