Posted on 12/06/2011 2:00:46 PM PST by Libloather
Obama's Income Inequality Speech
Adam Clark Estes - 2:18 PM ET
**SNIP**
Now, just as there was in Teddy Roosevelts time, theres been a certain crowd in Washington for the last few decades who respond to this economic challenge with the same old tune. The market will take care of everything, they tell us. If only we cut more regulations and cut more taxes especially for the wealthy our economy will grow stronger. Sure, there will be winners and losers. But if the winners do really well, jobs and prosperity will eventually trickle down to everyone else. And even if prosperity doesnt trickle down, they argue, thats the price of liberty.
Its a simple theory one that speaks to our rugged individualism and healthy skepticism of too much government. It fits well on a bumper sticker. Heres the problem: It doesnt work. Its never worked. It didnt work when it was tried in the decade before the Great Depression. Its not what led to the incredible post-war boom of the 50s and 60s. And it didnt work when we tried it during the last decade.
Remember that in those years, in 2001 and 2003, Congress passed two of the most expensive tax cuts for the wealthy in history, and what did they get us? The slowest job growth in half a century. Massive deficits that have made it much harder to pay for the investments that built this country and provided the basic security that helped millions of Americans reach and stay in the middle class things like education and infrastructure; science and technology; Medicare and Social Security.
(Excerpt) Read more at theatlanticwire.com ...
Correct, but remember if the gubment worker is paid $100K once you factor in his benefit package the administrative costs associated with his job (he needs to be supervised) and all the other incidentals the costs to the taxpayer is much higher.
Trying to solve a recession by expanding the government workforce always struck me as a starving man cutting off his foot and eating it, thinking he was filling his stomach.
I hate Dems. Proven policies are said “not to work” while every single Dem policy that NEVER works is expanded.
I wish the “average” voter would wake the f%#$ up.
It had to happen--Obama's level of lying BS has left me speechless.
nobama no longer leaves me speechless...I’m beyond that. He makes me vomit bile for hours.
Good explanation. I often site a much shorter version, something like, without profit, there is no business, without business there is no middle class, or any jobs for that matter.
I just look at the words and think, “Is anybody really buying this total crap?” I can’t even come up with an argument—it’s beyond foolishness, it’s just...stupidity on parade, proudly trotted out.
From the LA Times -
Well, it is great to be back in the state of Tex -- (laughter) -- state of Kansas. I was giving Bill Self a hard time, he was here a while back. As many of you know, I have roots here.
Good analogy. If you can dress the wounds and limit the blood loss, eating your toes and feet first would certainly provide life sustaining nourishment. Ironically, left alone, the starving body will consume itself much more efficiently starting with nonessential fat, then muscle, etc.
Point is the same.
[Theodore Roosevelt], declared in his 1910 ‘square deal’ address that the ‘right to regulate the use of wealth in the public interest is universally admitted.’
‘MOOCHERS ‘universally admit’ this right to regulate aka the right to extort from producers at gunpoint, money and goods in order to buy votes from non/under producers. Commie Claptrap like this really brings out the ‘HOOD’ in robin hood.
....too bad TEDDY never got a chance to read Milton Friedman’s ‘FREE TO CHOOSE’ (Your loss small grasshopper.)
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