Posted on 09/03/2012 7:16:24 AM PDT by Son House
In a speech delivered at Osawatomie High School in Osawatomie, Kansas, on Tuesday, President Barack Obama argued that while a limited government that preserves free markets "speaks to our rugged individualism" as Americans, such a system "doesn't work" and "has never worked" and that Americans must look to a more activist government that taxes more, spends more and regulates more if they want to preserve the middle class.
"'[T]here is a certain crowd in Washington who, for the last few decades, have said, let’s respond to this economic challenge with the same old tune. 'The market will take care of everything,' they tell us," said Obama. "If we just cut more regulations and cut more taxes--especially for the wealthy--our economy will grow stronger.
"Sure, they say, there will be winners and losers," Obama continued. "But if the winners do really well, then jobs and prosperity will eventually trickle down to everybody else. And, they argue, even if prosperity doesn’t trickle down, well, that’s the price of liberty.
"Now, it’s a simple theory," said Obama. "And we have to admit, it’s one that speaks to our rugged individualism and our healthy skepticism of too much government. That’s in America’s DNA. And that theory fits well on a bumper sticker. But here’s the problem: It doesn’t work. It has never worked.
"It didn’t work when it was tried in the decade before the Great Depression," said Obama. "It’s not what led to the incredible postwar booms of the ‘50s and ‘60s. And it didn’t work when we tried it during the last decade. I mean, understand, it’s not as if we haven’t tried this theory.
"Remember in those years, in 2001 and 2003, Congress passed two of the most expensive tax cuts for the wealthy in history," said Obama. "And what did it 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.
"Remember that in those same years, thanks to some of the same folks who are now running Congress, we had weak regulation, we had little oversight, and what did it get us?" said Obama. "Insurance companies that jacked up people’s premiums with impunity and denied care to patients who were sick, mortgage lenders that tricked families into buying homes they couldn’t afford, a financial sector where irresponsibility and lack of basic oversight nearly destroyed our entire economy.
"We simply cannot return to this brand of 'you’re on your own' economics if we’re serious about rebuilding the middle class in this country," said Obama.
Obama’s big government has only brought us massive unemployment, crushing and unsustainable debt, productivity killing government regulations, and ridicuously high engery prices. Four yeats of comoplete and total economic failure. The next four years would be far worse.
Wake up America. Kick this Marxist out of the White House!!!!
What? It's only produced two centuries of generally increasing economic growth and prosperity. Obama fundamentally hates the history of this country and all it stands for.
the media, yet again they never question their party of their messiah, instead they cover for him etc and notice how this was at a high school.
What about their studies, what about teachers working, seems a day off for the kids and teachers while jug ears gets to throw a bunch of lies and crap at little kids.
What a simpleton—very definition of insanity.
"It didn’t work when it was tried in the decade before the Great Depression," said Obama. "It’s not what led to the incredible postwar booms of the ‘50s and ‘60s. And it didn’t work when we tried it during the last decade. I mean, understand, it’s not as if we haven’t tried this theory.
If I was running for President and I wanted to lose big time, I would say this EXACT same thing Obama spouted! I am almost convinced he doesn't want to win. Remember, he had to run a little center right to win in '08. Now he's spouting full fledged communist/socialist crap and he expects everyone's going to love this?
Obama either wants to lose, or he's such an arrogant narcissist he thinks he can even out do Satan himself!
Usually, Democrats don’t say this stuff out loud. I don’t think this is going to play well with independents.
What’s an “expensive tax cut”??
A whole lot of Americans, way too many, find President Obama’s arguments compelling. It’s the old security versus liberty meme. Too many Americans want government to protect them from life’s risks, but what is Obama really offering? He’s offering to share the pie evenly, but what he doesn’t say is it’s going to be an ever shrinking pie. It’s not like this hasn’t been tried in the past. It has, and it failed miserably. The only ones who truly prospered under such a system were the leaders, and even they had far less than they might have had in a free market system.
Yes. President Obama offers what he can’t really deliver. Nonetheless, people on the dole don’t really care about liberty. All they want to know is who is going to deliver the freebies.
Is there now ANY doubt among you Democrats and “Independents” this punk is not a “Socialist” at the minimum?
It’s almost like he knows he’s going to lose, and is just spouting off in frustration.
That one speech is FILLED with fodder for the Republicans.
If the Republicans can’t capitalize on that, they don’t deserve to win this election.
==
IT’S THE ECONOMY, STUPID!!!!
Don’t chase shiny objects [things the Dems/Lib Media toss out there to distract from the real issues: joblessness, the economy, inflation].
I am just incredibly sad to read this.
What makes me even sadder though, is that there is a very real chance that we are about to send an avowed Marxist back to the White House for a second term.
Our country is completely gone.
“This guy heaps on the BS higher and thicker every day.”
He said this last Tuesday and we’re JUST NOW hearing about it? Has this been reported anywhere other than CNS? I haven’t seen this on FoxNews, American Thinker, Spectator or anywhere else for that matter. This crap needs to be shouted from the highest heavens.
“If ye love wealth greater than liberty, the tranquility of servitude greater than the animating contest for freedom, go home from us in peace. We seek not your counsel, nor your arms. Crouch down and lick the hand that feeds you; May your chains set lightly upon you, and may posterity forget that ye were our countrymen.”
- SAMUEL ADAMS
Almost straight out of Atlas Shrugged...”We gave freedom a chance and it failed now let us try something else”
Great question from a great post in a thread of great posts.
Men naturally rebel against the injustice of which they are victims. Thus, when plunder is organized by law for the profit of those who make the law, all the plundered classes try somehow to enter — by peaceful or revolutionary means — into the making of laws. According to their degree of enlightenment, these plundered classes may propose one of two entirely different purposes when they attempt to attain political power: Either they may wish to stop lawful plunder, or they may wish to share in it.
Woe to the nation when this latter purpose prevails among the mass victims of lawful plunder when they, in turn, seize the power to make laws! Until that happens, the few practice lawful plunder upon the many, a common practice where the right to participate in the making of law is limited to a few persons. But then, participation in the making of law becomes universal. And then, men seek to balance their conflicting interests by universal plunder. Instead of rooting out the injustices found in society, they make these injustices general. As soon as the plundered classes gain political power, they establish a system of reprisals against other classes. They do not abolish legal plunder. (This objective would demand more enlightenment than they possess.) Instead, they emulate their evil predecessors by participating in this legal plunder, even though it is against their own interests.
It is as if it were necessary, before a reign of justice appears, for everyone to suffer a cruel retribution — some for their evilness, and some for their lack of understanding.
It is impossible to introduce into society a greater change and a greater evil than this: the conversion of the law into an instrument of plunder.
Socialism Is Legal Plunder
Italics are Bastiat quotes from "The Law"
BIG GOVERNMENT IS CRONY SOCIALISM
“It’s almost like he knows he’s going to lose, and is just spouting off in frustration.”
This is why I would have loved to see Gingrich debate 0bama. This is the whole point of this election. Capitalism vs Socialism. 0bama does not believe in capitalism.
Romney/Ryan need to hammer this non-stop.
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