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Old 05-06-2012, 04:48 AM  
Comrade Crapski Comrade Crapski is offline
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Romney's Practical Vision vs. Obama's Left-Wing Extremism

Peter Ferrara, Contributor

In his weekly radio address on April 14, President Obama displayed his lifelong commitment to an ideological extremism of pure theory unhinged from reality.

That failure of leadership is why America is in a scary downward slide that will not stop until fundamental change is made at the top. The weekly radio address was on Obama’s so-called Buffett Rule, which would double the top tax rates on investment income such as capital gains and dividends. The most revealing statement was this: “Now, this is not just about fairness. This is also about growth. It’s about being able to make the investments we need to strengthen our economy and create jobs. And it’s about whether we as a country are willing to pay for those investments.”

So this is Obama’s growth model. Double the top tax rates on investment income, to get the money to increase government spending (in case you haven’t noticed, “investments” is the Orwellian term Obama uses to refer to government spending), which is what really drives economic growth in Obama’s mind.

If you raise taxes on something you get less of it. That’s a fundamental principal of economic logic. That is why when the government wanted to discourage smoking, it sharply raised taxes on cigarettes.

Similarly, when you raise taxes, especially tax rates, on investment income, you will get less capital investment creating the investment income to tax. But capital investment is the lifeblood of capitalism. Capital investment, financing factories, stores, and other businesses, is what creates jobs. Capital investment, financing tools such as computerized steam shovels instead of hand shovels or bare hands for digging, is what makes Americans the most productive, and therefore, the most highly paid, workers enjoying the highest standard of living in the world.

Capital investment is what increases the demand for labor, which is what bids up wages. Capital investment increases the productivity of labor, which produces the cash to pay workers higher wages. When workers are more productive, businesses want to hire more of them, bidding up wages further.

Some government spending contributes to economic growth. Education creates human capital, which also makes workers more productive. But America already spends more on education than any other country in the world, and has for a long time.

Some government spending on infrastructure contributes to economic growth. Roads, highways, bridges, airports, seaports, enable businesses and their goods and services to get around. It promotes domestic and international trade, which maximizes economic growth and prosperity. While America still has some infrastructure needs, especially in maintenance, it already has the most developed infrastructure in the world.

Moreover, America already spends a lot on infrastructure, and has for a long time. Federal, state and local gas taxes are primarily devoted to infrastructure, and quadrennial federal highway bills devote hundreds of billions to infrastructure spending.

But if more government spending were the key to economic growth, America would be the most prosperous ever right now, because we have enjoyed an all time record spending spree under President Obama. The first thing President Reagan did coming into office was to push through a federal spending cut of about 5% in his notorious 1981 budget cuts, much vilified by the Left. That was one of four explicit components of Reagan’s economic recovery plan, which produced an historic, generation long, 25 year economic boom from 1982 to 2007.

cont.


http://www.forbes.com/sites/peterfer...ing-extremism/
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Old 05-06-2012, 08:27 PM   #16
J Diddy J Diddy is offline
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Quote:
Originally Posted by Brainiac View Post
You hate Romney. We get it.

Just make sure you stick to your guns. After Romney wins the election and turns the economy around, don't start telling everybody that he was your guy all along.

P.S. I'd bet $100 that you did not click on the link in the OP and read the entire article. Or, maybe you did, but you didn't comprehend it.
There's no ****ing way Romney wins this election.
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Old 05-06-2012, 08:57 PM   #17
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Originally Posted by J Diddy View Post
There's no ****ing way Romney wins this election.
Hey "J Dildo" ! I said this before and will say it again, the majority of the American people are not only that pissed at "O" for 'hood winking'(polite term for lying) them but they are 'that afraid' of losing their country and it doesn't matter who the GOP candidate is at this point. If you think the 2010 elections where you Marxist Dems got shellacked was bad, get ready for the American civilians version of our D-day at the polls to save this country come this Nov of 2012 !!

Romney will win in a landslide 6-10pt victory. Count on it !!!
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Old 05-06-2012, 09:13 PM   #18
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Originally Posted by sportsshrink View Post
Hey "J Dildo" ! I said this before and will say it again, the majority of the American people are not only that pissed at "O" for 'hood winking'(polite term for lying) them but they are 'that afraid' of losing their country and it doesn't matter who the GOP candidate is at this point. If you think the 2010 elections where you Marxist Dems got shellacked was bad, get ready for the American civilians version of our D-day at the polls to save this country come this Nov of 2012 !!

Romney will win in a landslide 6-10pt victory. Count on it !!!
Even Rush Limbaugh thinks you're blindly optimistic.
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Originally Posted by sportsshrink View Post
If you think the 2010 elections where you Marxist Dems got shellacked was bad, get ready for the American civilians version of our D-day at the polls to save this country come this Nov of 2012 !!

Romney will win in a landslide 6-10pt victory. Count on it !!!

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Originally Posted by BucEyedPea View Post
Do you live here? Nope.

Mind your own business.
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Old 05-06-2012, 09:18 PM   #19
cosmo20002 cosmo20002 is offline
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Originally Posted by sportsshrink View Post
Hey "J Dildo" ! I said this before and will say it again, the majority of the American people are not only that pissed at "O" for 'hood winking'(polite term for lying) them but they are 'that afraid' of losing their country and it doesn't matter who the GOP candidate is at this point. [b][i][u]If

Romney will win in a landslide 6-10pt victory. Count on it !!!
Lied about what?
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Old 05-06-2012, 09:28 PM   #20
Chiefshrink Chiefshrink is offline
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Originally Posted by healthpellets View Post
Even Rush Limbaugh thinks you're blindly optimistic.
No, he actually agrees and has said landslide as well.
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Old 05-06-2012, 09:31 PM   #21
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Originally Posted by cosmo20002 View Post
Lied about what?
Seriously?

Well let's start with absolutely no transparency in which is what he campaigned on in 08. Obamacare for starters ! Where was the transparency there?
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Old 05-06-2012, 10:34 PM   #22
cosmo20002 cosmo20002 is offline
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Originally Posted by sportsshrink View Post
Seriously?

Well let's start with absolutely no transparency in which is what he campaigned on in 08. Obamacare for starters ! Where was the transparency there?
I guess that kind of depends on your expectations. You thought there would be a live video feed from the Oval Office?

Might as well skip ahead here...'transparency' is not really measurable, so I don't think you will be able to show anyone lied about it. Obama also doesn't run the Congress, which is where the law was ultimately written and voted on. What else you got?
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Old 05-06-2012, 10:44 PM
banyon
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Old 05-06-2012, 11:07 PM   #23
Iz Zat Chew Iz Zat Chew is offline
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Originally Posted by cosmo20002 View Post
I guess that kind of depends on your expectations. You thought there would be a live video feed from the Oval Office?

Might as well skip ahead here...'transparency' is not really measurable, so I don't think you will be able to show anyone lied about it. Obama also doesn't run the Congress, which is where the law was ultimately written and voted on. What else you got?
Obama locked the Republicans out of the brainstorming the democrats did to form the Health Care Reform bill that none of them could tell what was in it until it was passed - and still not. I guess obama was transparent about not allowing the Republicans in, he knew that common sense would throw a wrench in the works.
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Old 05-06-2012, 11:13 PM   #24
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Quote:
Originally Posted by Iz Zat Chew View Post
Obama locked the Republicans out of the brainstorming the democrats did to form the Health Care Reform bill that none of them could tell what was in it until it was passed - and still not. I guess obama was transparent about not allowing the Republicans in, he knew that common sense would throw a wrench in the works.
That's not remotely close to being true.

The healthcare reform bill was written by Max Baucus out of the Senate Finance Committee, who took half a year to write the bill because he simply couldn't get Chuck Grassley and the committee Republicans to provide feedback. He literally waited and waited.

When Republicans continued to obstinate, Baucus wrote the bill himself, and seeing how it was the most moderate of all the plans offered, it was adopted immediately by Obama.
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Old 05-06-2012, 11:15 PM   #25
Iz Zat Chew Iz Zat Chew is offline
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Originally Posted by Direckshun View Post
That's not remotely close to being true.

The healthcare reform bill was written by Max Baucus out of the Senate Finance Committee, who took half a year to write the bill because he simply couldn't get Chuck Grassley and the committee Republicans to provide feedback. He literally waited and waited.

When Republicans continued to obstinate, Baucus wrote the bill himself, and seeing how it was the most moderate of all the plans offered, it was adopted immediately by Obama.
You've got to be kidding!? Seems as if there was press conference put out when this happened. But if you say I'm wrong then I'm sure you have some proof.
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Old 05-06-2012, 11:16 PM   #26
cosmo20002 cosmo20002 is offline
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Quote:
Originally Posted by Iz Zat Chew View Post
Obama locked the Republicans out of the brainstorming the democrats did to form the Health Care Reform bill that none of them could tell what was in it until it was passed - and still not. I guess obama was transparent about not allowing the Republicans in, he knew that common sense would throw a wrench in the works.
He locked them out of the "brainstorming?" You make this too easy.

Its BS anyway.
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Old 05-06-2012, 11:22 PM   #27
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Originally Posted by Iz Zat Chew View Post
You've got to be kidding!? Seems as if there was press conference put out when this happened. But if you say I'm wrong then I'm sure you have some proof.
We had a running dialogue here on this ****ing forum about it.

You want to deny what exactly? That the healthcare reform bill was largely sculpted by the SFC? That it was largely written by Max Baucus? That he sought, for an entire summer, the approval and input of Chuck Grassley? Or that the entire idea of the individual mandate was a Republican idea, borne out of the Heritage Foundation, and two of the GOP's top Presidential candidates this year in Romney and Gingrich?

Exactly where was the Republican voice missing?
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Old 05-06-2012, 11:28 PM   #28
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Quote:
Originally Posted by sportsshrink View Post
Hey "J Dildo" ! I said this before and will say it again, the majority of the American people are not only that pissed at "O" for 'hood winking'(polite term for lying) them but they are 'that afraid' of losing their country and it doesn't matter who the GOP candidate is at this point. If you think the 2010 elections where you Marxist Dems got shellacked was bad, get ready for the American civilians version of our D-day at the polls to save this country come this Nov of 2012 !!

Romney will win in a landslide 6-10pt victory. Count on it !!!
I find it hilarious when you get upset and start name calling. However, J Dildo is kind of fitting because I've been in the pussy. I think shrink might be an accurate description for you as well.
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Old 05-06-2012, 11:50 PM   #29
go bowe go bowe is offline
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Originally Posted by J Diddy View Post
I find it hilarious when you get upset and start name calling. However, J Dildo is kind of fitting because I've been in the pussy. I think shrink might be an accurate description for you as well.
aw, c'mon...

shrink?

there's no need to denigrate him by calling him bad names, next you'll be calling him a lawyer...

and it's obvious that he is well-endowed, after all god must have given him something that was useful...
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Old 05-06-2012, 11:54 PM   #30
J Diddy J Diddy is offline
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Originally Posted by go bowe View Post
aw, c'mon...

shrink?

there's no need to denigrate him by calling him bad names, next you'll be calling him a lawyer...

and it's obvious that he is well-endowed, after all god must have given him something that was useful...
Actually I was agreeing with him straight across the board. He picked his name. I even agree with the name he called me.

See this is why we can't compromise.
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