Posted on 08/08/2011 5:03:06 PM PDT by NoLibZone
The verdict is in: That Obama speech (to which he arrived 53 minutes late) was a disaster, that totally failed to reassure anyone that the economy isn't imploding all over again.
Why the wrong note?
We wonder if Obama actually believes that he has to tiptoe around the bond vigilantes.
See, if we were giving that speech, amid this market, we'd have said: "Congress, get back in session, and let's pas some tax cuts."
Obviously that's what's need right now.
Instead, Obama focused on deficit reduction! He talked about the super-committee, and the need for tax reform.
WHAT?
At best, the super-committee will just deliver deficit reductions, which may satisfy S&P (though probably not, since they already said so), but will certainly do nothing positive for the market.
(Excerpt) Read more at businessinsider.com ...
Obama opposes everything that would help grow this economy. Tax cuts? Tax reform? Deregulation? Entitlement reform? Immigration reform?
He opposes it all. And there can be only one reason for his utter and complete rejection of every idea that would possibly make our economy stronger.
His laser-like focus on increasing our national debt is yet another clue as to what this man is all about.
He is here to destroy us. I just can't believe that some people still don't see.
“Pass some tax cuts????”
He’s a COMMUNIST, for cryin’ out loud! Commies do NOT cut taxes!!!
He’s a smart SOB that is being very successful damaging our nation. Notice I didn’t say destroy. He isn’t that good.
Even as the DOW was bleeding, the maroon was up there preaching about taxing the rich so they pay their fair share
TAX INCREASES
To be obama, or an obama kool aid drinker, you have to believe the US is broke because George Bush didn’t make rich people pay enough tax
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You got that right. That would make a great tagline.
Great idea!
Pass tax cuts?
Those are dirty words to Mullah Obama.
Simply put, The Obastard is in way over his head. The presidency is beyond his skill level, by a factor of 10.
Tax cuts alone aren’t going to get us out of this mess. We have a serious *spending* problem. We need to massively reduce — in *real* terms — government spending also.
In fact, I doubt that tax cuts at this point would even stimulate the economy, for the very reason banks and corporations are swimming in cash right now. Who in his right mind is willing to invest in expanding his business in this anti-producer environment? What producer has any idea what the costs of ObamaCare will ultimately be? Most of the implementation of that law is left to the “discretion” of the HHS Sec and regulators, and they haven’t even drafted the regulations yet.
"Terrorism will strike where or how we least expect it"
OK, now you can post that pic.....
Before we judge Obama too harshly, what was on ESPN at 1pm? There were probably some good NFL trades going on that he was keeping tabs on, or some other valid reason.
That may be the case OR he knows exactly what he is doing and is completing everything he wants to do with incredible ease.
Assurance of maintaining the existing tax policy alone would make an impact. We have increases already signed into Obamacare, with the threat of capital gains tax and income tax increases on the horizon just over a year from now. Just the assurance of a low tax burden would do wonders to help with growth. Agreed that the spending is still the primary problem, but the stunted economic growth is killing us, too. Reduced regulation and stability in the tax rates would help immensely.
He wants the economy to go down. That’s why he said what he said. All part of the plan. Tanking the economy while blaming his enemies for the tanking economy. Accusing others of what you are doing ,and lying you aren’t doing it. Total marxist-alinsky move.
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