What Kennedy was really talking about: " In his 1963 State of the Union, he proposed substantial tax reform and reduction, in income tax rates, from the current range of 20–90% to a range of 14–65%; he proposed a reduction in the corporate tax rates from 52 to 47%" - but hey, don't let the facts get in the way of your ideology.
When you combine these two presidents together, which are President Kennedy and President Obama. Your not gonna get the same exact expectations from Obama as you did from Kennedy. President Kennedy was a well educated man and didn't take no crap off the Repulican party. He wasn't afraid to fight back what he thought was Right. He also kept his word and made it happen. Kennedy did it his way he got the job done, and created more jobs than we ever have today. JFK nipped it in the bud big time.
@coololds85 Kennedy was actually classified as a more conservative Democrat. His times were much different compared to the times we are in now. Another thing is Kennedy died before his term was fully out. He did what he could when alive: Peace Corps, dealing with Castro's Cuba and Khrushchev's Russia. I can't really compare the two- but at least Kennedy was neither communist or socialist.
@coololds85 If JFK were alive today, (pro military, pro tax cuts, and conservative to boot), he would would be a Republican. Reagan was also a democrat before he realized that party morphed into socialist anarchist losers. JFK cut income taxes from 90% to 70% (top tax bracket), Reagan fixed Carters pathetic economy by cutting taxes to 38% on the top earners. Democrats try to help the poor by strangling businesses. When Obama gets re-elcted we will all be poor and dependent on the Govt, sadly.
The problem with the government is that they produce nothing. They take our money, and then it's gone. When businesses are able to keep more of their money, they use it productively. (Job creation) the only reason why "13.9 million jobs were created" was because the population grew by leaps and bounds. Liberal ideology is so twisted.
@GeneralMcCudden Than, how do you go to work? Do you go on public road in any ways? And how many person take public transport without paying the fare? And do you drink tap water? And do you talk to police officer once in a while because of some problem? And do you take a break in a public park?
I think it is a significant part of our society. The question is not if it is important, but how do we valuate it. However, public good seem to have more value when you lose it.
@therrydicule Fine, if that is all the gov't would do. Fix the roads and infrastructure. But they don't. They run businesses out of town with all the taxes and regulation. Gov't takes everyones money and flushes it into a freakin toilet. You want more welfare programs handing out free money, or housing projects that become incubators for human vermin. Democrats have finally succeeded in creating a perpetual motion machine, Democrats creates dependent people, dependent people vote for Demoncrats.
@macracer005 I agree, tax are killing everyone : 15%! However, Germany is doing really well with is... Oh, wait, they have 40% :L
Sure, there is a deadweight, but gov't have to get a higher return on a dollar. It's investment 101 - don't trade 4 quarter for a dollars...
What ran business out of town is rather general share of technical incompetence and the lack of flexibility of the american industry. Tax would be negative, I will still not invest in USA nor I will buy a Chrysler.
@macracer005 Just look at Apple. Why they build Iphone in China? Chinese factory are much more flexible. Want to put a new screen within a week of a launch because the screen of the prototype get scratch too easily? Done in 2 days. Change the bolt, 2 hours.
Same thing in USA - "Fuck you, I'm not working by night or week-end and fuck the bolt" - product launch retarded... Want to put a kaizen in place? "Fuck the checking! Where my check"
@GeneralMcCudden Ok, 2 thing: 1. What I try to say is, even if it is valid, taxes have the tendency to be sticky, for political reasons... 2. There is such a thing as public goods or a common good... Like a public library, with free public lecture once in a while and tons of book. It does create some form of wealth that spill over a bit everywhere, and business seem to like that because it help their research...
@GeneralMcCudden What you say is right on short run, but what about the long run? Cutting taxes in recession mean you have to adjust and avoid structural deficit, otherwise big problem will come. It's not just taxes, it's everything. Sure, cutting taxes could help on the AD-AS model, but a government could spend more on stuff that have a big multiplier (e.g: public road) to bring the economy to the full potential. It's like clothes : a XXX T-shirt does not fit everyone all the time.
The actual politics of this aside, this juxtaposition starkly demonstrates how much more charismatic Kennedy was than Obama. Even though Kennedy's past and personal life were far more murky than the squeaky-clean Obama, he's that much easier to intuitively trust. That's needed in a world leader.
Hauser's Law states that since WWII government revenue has generally been remarkably close to 19.5% of GDP. Top tax rates have been between 90% and 23% but either way we seem to pull in close to 19.5% of GDP. True, currently we have plunged unusually low in the recent few years to something like 15% but that is due to the recession. Increasing GDP is the best way to increase revenue and reduce the deficit. To do that we need to make our tax rate competitive.
That in 1962, when taxes for $200 000 of income was 91%. Giving inflation, that's about $1450000 or $1400000 (dependent of were you live and life style). So, yes in 1962 it was making sens to cut taxes, right now, however... How much less taxes do you want to pay? The tax rate is at 35% from anything more than $369050 - there is even 1 millions free of any other tax bracket from than to do a fair comparison.
@gburgess07 They didn't cut the capital gains tax or top marginal rates. That's why there are no jobs being created now. Middle-class tax cuts are important but so are tax cuts for the wealthy. Obama's refusal to admit his mistake in this area is why America is sinking into the muck.
Progressives are responsible for the ills of this country. It's an old ideology, carried over from Europe, where kings and queens, lords and ladies ruled over everyone else. It's fascism at it's core, not at all what you've been led to believe. They're responsible for every evil committed (slavery, war, etc.) Just look at how they pit us against each other, whether it's politics, race, economics, etc. If I can learn this as a black man, so can you. Wake up America - before it's too late.
Progressivism is a disease that's killing us all. JFK was the last LIberal to be elected, and Reagan was the only Conservative since JFK to hold office (they underestimated him as an actor, but he surprised them). Both parties have had the same goals for decades. It's why elections don't seem to change much. Also, Clinton had nothing to do with the economy in the 90's. It was all due to the Computer / Telecommunications revolution. Obama IS following clinton's polices. Are they working?
Rich elites have been trying to bring down this country since it's founding and enslave us all. I challenge all of you to watch some of the clips on my channel to see just how evil these people are, especially my friends on the left. There is nothing wrong with conservative or liberal idealogy. At one time, we all believed in small government and the constitution. You are being deceived today by charlatans who pretend to have our best interests in mind, but I assure you they do not.
Raising taxes is not the answer. Don't buy into that BS. It only hurts small business and helps corporations (who will still pay nothing because of tax breaks, loopholes, tax shelters, high-priced tax lawyers, etc.). Both parties are guilty of selling out to the corporations, but 2 points: 1st, look at who writes the tax code (Progressives in both parties). 2nd, JFK was a liberal. Compare him to Dems today. Do they stand for the same things? End this nonsense if you truly want to help.
@UBSCARED Oh thats rich UBSTUPID. Insult a guy making valid points and throw numbers out there to muddy the water while totally disregarding the impact on the economy that the biggest attack on our soil could have had or the "catch up" that we had to play after your pres didnt do his job after a number of attacks. The govt is too damned big, there are more govt workers than workers in manufacturing and construction. CUT THE BUDGETS, REFORM THE TAX CODE and stop overtaxing the producers!
The evidence you have is how the worlds economies responded after tax cuts historically; The 1919 tax cut gave us the Roaring Twenties. No tax cut resulted in the great depression. JFK's tax cut helped the booming 1960s. Reagan and Bush's tax cuts produced jobs dring the 1980s and 2000s. Clinton claimed his tax hike produced the jobs of the 1990s but the truth is the desktop computer, cell phone and internet were invented in the 1980s. Clinton just took credit when they came online 1990s
@jerzy862 Reagan, along with the Democrats, raised taxes at the top of the business cycle. Obama, in his economic illiteracy doesn't understand that the most powerful stimulus is to cut the capital gains tax at the bottom of the recessionary trough. It's a matter of understanding economics. Obama still doesn't get it.
@amerlibmov yeah but the other problem is republicans refuse to consider any kind of revenue increases, which we will need if we are going to substantially reduce this deficit
@jerzy862 Raising taxes will not reduce the deficit. You may pick up a little revenue in the short run but after a couple of years, the economy will contract more, unemployment will increase, revenues will decrease and the deficit will be worse only this time the unemployment rate will be higher. The only way to cut the deficit is to cut the capital gains tax, which restores unemployment and returns revenues to government. Then you attack the remaining deficit by making budget cuts.
@amerlibmov honestly i dont believe that. reagan and clinton both raised taxes and their economies soared.
bush jr. cut taxes but the economy under his administration was never great.
Im not suggesting the two have a cause and effect relationship but to suggest cutting taxes ALWAYS grows the economy and slightly raising taxes is a "job killer" is a bit of a stretch.
@jerzy862 Bush's economy soared with an across the board cut on capital gains, dividends and top marginal rates. UE1 fell below 4% by 2006, deficit below 200 billion. That's success. The desktop computer, cell phone and internet were created in the 1980s before Clinton. He just took credit when they came on line in the 1990s. His traditional economy was flat however, the techno sector roared and overheated after he cut capital gains taxes in his second term. That was very Reaganesque.
@amerlibmov okay two things, computers were already being widely use during the Reagan era as well so shouldn't that mean Reagan also took credit for a good economy when it was really because of technological advancement?
and when you say the economy overheated when Clinton cut capital gains, wouldnt that be considered a negative thing?
@jerzy862 Computers were in transition from the main-frame but the desktop computer and cell phone were in their early stages in the 1980s. After the internet was pieced togather the actual technology boom began in the 1990s. But more than that, every economic sector boomed in the 1980s whereas in the 1990s only the techno sector boomed. The others were relatively flat being propelled by tech. Capital gains cuts are most productive at the bottom of a recession, not the top of the cycle.
...this is a silly argument! The top marginal tax rate when JFK took office was over 90%!!!!! ANY cut would of course stimulate some growth when the rate is THAT HIGH!!! But when the rate is ALREADY as low as 35%, a cut would not put a significant enough amount back into tax payers pockets to effectively stimulate THIS economy with THIS amount of debt. I think Bill Clinton proved this point loud and clear.
@jrfarris87 During the 50s and 60s the U.S. didn't have any competitors because WWII had destroyed them all. The world had to come to America for their products. You have to factor in world events to understand economic performance as well as economic policies. Clinton reduced the capital gains tax 5 or 6 points, a very Reaganesque policy and the economy boomed, 401Ks and housing values skyrocketed and then collapsed in his last year of office, handing Bush a recession.
This is not accurate. He was dealing with a minor recession caused by Eisenhower's strict budgeting, not a major recession with a huge deficit caused by tax cuts and wars. Kennedy also agreed that running a deficit under certain circumstance can be a good thing! Tax rates were higher then, I dont know how your saying there not. Lastly, the US had a manufactoring based economy back then, now we have a service based economy.
By the time Kennedy took office, the top income tax rate had reached 94%. Kennedy originally asked for it to be reduced to 65%, but Congress slashed this down to 70%.
If you look at the Clinton Administration, they created more jobs than any president in history and it was due to tax hikes. He created over 22 million jobs. Sure the guy was a man-whore, but his success in job creation was extravagant.
I luv this. Bill Clinton's job creation was the result of a tech bubble that burst at the end of his administration. Along with a Republican congress that watched the spending. Yes taxes were up but the "rich" had tax shelters and loopholes to get out of paying the full bill. I wish you guys on the left will tell the FULL story and not the simplistic "Bill Clinton created 22 million jobs" version of the story.
@wolfengheist absolutely my man it drives me insane when liberals say that clinton raise taxes and economy boomed, well yeah the economy was already recovering when he took office. Not to mention the biggest reason for the economic recovery was the defeat of hillary care. Also there was huge defense cuts and welfare reform, which is unlikely happen today. He simply borrowed money from social security surplus to create a false illusion of "surplus"
You know in 1968, Douglas Englebart of Xerox - PARC demonstrated the first computer with a Graphical User Interface, Keyboard, Mouse, Hypertext and Networking but was not released in a product that year. In 1971, Intel invented the first microcontroller, the Intel 4004. Then in 1973, Xerox made put those innovations in their Alto computer. I wonder if Lyndon Johnson's tax cuts in 1964 led to the development of the Xerox Alto computer.
If you look at American history since 1929, you can really see how Ronald Reagan became a conservative. I mean the income taxes in the 1930's went up to 70%, half the population was gone during half of the 1940's distorting the economic picture, when the boys came home there was stagnation and economic decline during the 1950's when income taxes rose to 91% in the late 1950's. JFK finally came to terms with economic realities when he was shot by a crazy commie. Reagan lived through all that.
@caio637 I heard a "top to bottom cut" in this clip:
watch?v=x0MCPoqQl_g
And LBJ after JFK was assassinated passed JFK's tax cut which cut the top marginal rate from 91 to 70%. Source: h t t p : / / e n . w i k i p e d i a . o r g / w i k i / R e v e n u e _ A c t _ o f _ 1 9 6 4
I like when people spout stuff and don't have a clue! Social Security was buried by the Social Security Act of 1965! LBJ and Democratic Congress! Do your research. As far as debt this prosident is King of Debt! 5.5 trillion in three years! For 2011 the CBO says $1,500,000,000,000.00! The CBO also anoounce yesterday that Social security is in permenant deficit! That's why Social security is called the Great democratic Ponzi Scheme!!! Obama started with 10 trillion! He will be at 15.5!
Taxes should have been cut during JFK's time. The highest bracket was 80-90%.
Now it's way too low and companies constantly find loopholes (ie Exxon made $50 billion net income and paid ZERO income taxes).
.
Taxes were also sky high back them b/c Congress had enough common sense to raise taxes to pay for a war, not cut them like the moronic politicians of today.
@sonofsarek Let me repeat again, the rich paid FAR LESS in taxes back then. You only paid 90% for every dollar over a certain amount, but guess what? NO ONE FUCKING MADE THAT MUCH MONEY TO PAY 90%.
Oh sure, you'll have like 10 people in the nation like Rockefeller and Morgan who actually fit into the 90% bracket, but every other American didn't make enough money to qualify themselves into the 90% bracket.
Most people don't know which rates the JFK taxes held vs the Obama taxes. We're talking about a situation where JFK's taxes were roughly 2x Obama's. Look it up.
JFK's rates are fair. Millionaire-only brackets, higher rates, etc. Obama's recent deal is ridiculous - continued handouts to the rich in exchange for not letting the unemployed suffer more. I guarantee, a month or two of zero income for the unemployed and republicans will buckle. Most people have unemployed friends and family.
@h4KK False. Fact is, the rich paid less back then. The top rates may be at 50-90% back then, but no one but a few handful of people in the nation qualified to pay that much. And even so, they only paid 50-90% of every dollar over a certain amount, and the number was quite high back then. The top 1% paid far less in taxes back then.
the top rate was 2 x what it is now, and I'm sure most wealthy folks actually paid taxes instead of hiding their money in Swiss bank accounts or using some fancy loophole!
@nicenonya3 Because they pay capital gains tax, not income tax, you fucking retard.
This is why billionaires are usually liberal. They want the small businesses to pay more income taxes so they can't expand and compete.
It's funny how Liberals think Bill Gates, George Soros and Warren Buffet sits around worrying about you poor people. Higher income tax = good business for Billionaires. Okay, dumbfuck?
@SuckMyPhallus you stupid fk,hedge fund managers should pay 39% or more,income is income...what ever you dumb fucking repubitards want to call it!..It's still income,I don't care how they stole it!
@nicenonya3 HAHAHA... Go take an economics class and find out what Capital Gains tax is.
Capital Gains tax is capped at 15%. You Liberals are whining about the wrong tax. Most billionaires are liberals because billionaires don't pay income tax; they pay capital gains tax.
Billionaire, leer-jet liberals don't give a flying fuck about you, so stop worshipping people such as Bill Gates and Warren Buffet when they call for higher income taxes. Both of these men are greedy and monopolistic.
''Our true choice is not between tax reduction, on the one hand, and the avoidance of large Federal deficits on the other. It is increasingly clear that, no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenue to balance the budget - just as it will never produce enough jobs or enough profits.
when you have one guy with all the money and you have many people with out the money, it's the people who decide what to Take. If you and your pals have ever gotten screwed over by a business in any way, than this is a 'justice' that you can have. Of course, there is always something that seems to find a way to F things up. it's how the government 'fixes' it that pisses people off. I wouldn't trust our government, who elected bush, to have more socialist power.
God will punish the evil, sadistic bankers who conspired your assassination. Your spirit lives within all of those who fight for the Freedom and People of this country.
@mouse9111 Lincoln and JFK both began issuing US NOTES instead of borrowing Federal Reserve Notes. This is the single most important reason the bankers conspired to assassinate them both. If America began printing our own money instead of borrowing from these corrupt evil bankers, we would hav no reason for income tax, no inflation and could pay off our nat'l debt in a few years. JFK was doing alot of things that ppl in high places didnt like. he was taking away their power and profits.
@mouse9111 i guess it depends on what the mafia was going to lose with JFK's policies and political actions. like i said, he was doing/planning to do alot of things that alot of ppl in high places didnt like. He was our last true President. All others since him are just puppets to the corporate and financial elite Especially Obama.
Democrats are trying to say we will have to take out a loan to cover the tax cuts! The bastards that have been bankrupting the nation with LOANS, and now they want to raise taxes even more on Americans!
@PatriotWatchUSA Mother Teresa, Rosa Parks and John Belushi show up to cheer the small group up. GOD ask Gabriel to send them away for GODS fear of his heart cracking when he sees the visitors eyes.
So you progressive Liberal Democrats don't want to listen to anyone! Why not listen to your own. If it is not obvious that Obamas agenda is more important than the American people by now someone should freeze your voter registration.
@NewYorkFlavour This is how fckin brain washed your dmb assz is. Nobody will be putting MORE money into anyones pockets dickhead. The tax's are in place. The issue here is OBAMA wants to take MORE instead of spend LESS.
It's pretty straight forward.
p.s. There is PLENTY of PROGRESSIVE Liberals in GOVERNMENT today who DO NOT want to let TAC CUTS EXPIRE either or YOUR SUPER MAJORITY would of voted ALREADY
START BEING honest with yourself.IDIOT
putting more money in rich peoples pocket-jackassz
Wrong, you stupid bigot. The Bush tax cuts were created to temporarily boost the economy, and were set to expire. Let me say that again so you can hear me very clearly you stupid, cousin-fucking teabagger, the Bush tax cuts were temporary, and set to expire. Re-extending the tax cutst would add trillions to the deficit over the next few years. The Bush tax cuts are currently the largest part of our structural deficit, or am I already going over your head con?
@NewYorkFlavour SEE you progressive idiots first cant come off with a straight comment you have to throw names around.
So here we go...................... the TAX CUTS WERE SUPPOSED TO BE PERMANENT but progressive LIBERAl Dumbocrats wouldnt sign off on unless they expired.
Making them permanent would be a disaster. Obama supports re-extending the tax cuts for the middle class, but the rich are already paying the lowest income tax rate they have ever paid in American history. With our country so mired in deficit, we can't afford to keep putting money in millionaires' pockets. A return to the Clinton era tax levels would be ideal. What do you have to fear? Because the economy was so terrible during the 90s?
@NewYorkFlavour The economy was SO good because of Bill gates and clintons reduction of the military by 50% which brought over 6 attacks and over 4,000 deaths. You liberals will have to start drilling, which you wont do but will let other countries drill with our dollars, or leagalize pot or we are screwed
DIDNT vote for BUSH but thanks anyway.
Not one peep about SPENDING out of your socialist mouth. NOT one.. Tax increas on any level will sink us for sure.
@PatriotWatchUSA Clinton raised taxes, and during his administration, the economy went through it's largest, and longest expansion in US history, 21 million jobs were added, and we were left with a budget surplus.
@NewYorkFlavour THANK YOU Bill GATES for eight years of good fortune. These were the years LIBERALS were giving homes to anything that moved. B Clinton will tell you that.
Bill Clinton ADDED to the debt during his 8 years. FACT. Clinto reduced our military by 50%. FACT. Under B Clinton we were attacked 6 times and over 4,000 Americans died FACT
Clinton OBVIOUSLY could of gotten away with ANYTHING. Thanks B Gates
@NewYorkFlavour "tax cutst would add trillions to the deficit over the next few years"
Are you a fucking retard? The tax cuts didn't put us trillions of dollars in debt, your elected officials and bankers did. I'll bet you believed them when they said "ATMs will stop spitting out money". It was a true statement. If the banks didn't get bailed out, the ATMs would stop spitting out their monies and start spitting out the monies belonging to the banks that devoured them.
We hardly have an industry - we make NOTHING compared to places like China. Tighten the budget (that includes cutting military spending - pulling out of the middle east), let tax cuts for the wealthy expire, pump money in to engineering programs that can pave the way to developing alternative energy, and keep tight regulation on banks and big business.
I personally believe corporate lobbyists should be banned from the white house. Corporations and their CEOs have done enough steering.
@MsbacktoNYC You had me going than you threw in that tax thing and that SO CALLED alternative energy. If government would get the fck out of the way we would have an alternative already. BUT WE DO NOT that is why our country is slowwwwwwwly being littered with WIND MILLS
John F. Kennedy leisurely rode on a sunny day in a global-warming vehicle and was shot by the Secret Service due to his insistence of warning the American people of a powerful conspiracy afoot. This is NOT the proper behavior of a US President. Thankfully, all subsequent Presidents have kept their mouth shut, and we have the New World Order ordained by the invisible elite, as intended.
We are domesticated. Chew your cud and get milked.
Enough parasites voted for the promise of a free lunch, and now we have a Trojan Horse in the Whitehouse. To call him a traitor is to insinuate he was once on our side. He has set race relations back 50 years. The manipulators behind the pawns are NOT incompetent; they are executing their plan for 'fundamental change' to Totalitarian Marxism. God save our Constitutional Republic!
"During times of deceit, telling the truth is a revolutionary act." - George Orwell '1984'
@FlyingSheepdog You scare the crap out of me racist NEO-con. I want DNA from you. Had a dream I had a twin. It's a recurring dream..........let me continue for you and thank you for correcting me on the treason thing. Here we go
As a TEA PARTY supporter we are racist YET 65% of Blacks are conservative and 95% of blacks voted for OBAMA? Hmm We have NO budget yet everyone goes home today? hmmm Republicans are holding MIDDLE CLASS hostage with tax breaks YET NO BILL has been submitted hmmmm
@FlyingSheepdog We are racist yet we SUPPORT Allen West & Starr Parker and they DONT EVEN live in our state. hmmm Deomcrats have controlled congress for 4 years YET this is the Bush economy
It's sad to think that many people still believe we can recover our glory by tweaking small issues on a poorly built frame. That's like building a TV set from a kit without looking at the instructions in the box just because you have turned one on in the past. We cannot recover from thus mess without some common sense now. The instructions are simple...Stop spending where there is no possibility for revenue generation and hunt down the power mongers and cut them off from the joint account.
Top marginal tax rate under Kennedy - 91%. Proposed top marginal tax rate under Obama - 39%. This video proves Lincoln right, you CAN fool some of the people all of the time.
1864 Republican Convention; the Republican Party selected Andrew Johnson, a War Democrat from the Southern state of Tennessee, as his running mate to form a broader coalition. They ran on the new Union Party ticket uniting Republicans and War Democrats.
@drlax15m These people have the same lifespan as anyone else. It's the collective of those that establish and control the World Banks that I am referring to.
Jackson canceled the charter of the First National bank of America
Lincoln canceled the charter of the Second National Bank of America...and
@drlax15m I think my previous answer would cover this situation as well. What about the oil expert that was disproving BP's claims? Mysteriously drowns in his bathtub.....right!!! These things happen all the time to people trying to go against the "Plan". Unfortunately the majority of people worldwide, not just here, are being led around like a mule with a carrot dangled in front of it's nose. No one wants to see the truth, because the truth is really horrific.
@drlax15m I think my previous answer would cover this situation as well. What about the oil expert that was disproving BP's claims? Mysteriously drowns in his bathtub.....right!!! These things happen all the time to people trying to go against the "Plan". Unfortunately the majority of people worldwide, not just here, are being led around like a mule with a carrot dangled in front of it's nose. No one wants to see the truth, because the truth is really horrific.
All communists and socialists vilify "the rich". Ironically enough 'Obama made 5 million last year. Also, he got a book advance last year, even though it is for a book he will write in the future. He wanted to make the money before the beginning of 2011 so that he would be taxed on the money at a lower rate. Hypocritical bastard.
@locomio91660 Those that scream for tax hikes think that they do not apply to them. Little do they know that the so called 'rich' they are referring to are themselves as well.
Whatever else Kennedy may have been, he WAS the son of a businessman, and he DID know economics. Obama is the son of a Marxist and grew up despising business people. (Except, of course, book publishers.)
@the82spartans I'm no JFK lover, but a fact is a fact. Papa Joe was a scumsucking womanizer who took firm advantage of the fact that his wife's strict Catholic upbringing meant she'd never seek a divorce even if he diddled Gloria Swanson in Macy's window, and Jack was no different. But they did comprehend basic economics, unlike Obama who still believes in the Tooth Fairy.
This video is misleading because it is a partial. Take all the facts such as the Reagan years which resulted in high unemployement and a deficit that tripled. The Bush Jr years causing an economic meltdown and the highest unemployment sinc the Great Depression. Add to this the Pinochett years in Chile, high unemployment, a lagging economy. In the JFK years jobs were not being moved to China, jobs stayed in the U.S. This video is misleading.
Kennedy had it right! It was LBJ and the Democratic Congress who in 1965 passed the Social Security Act which allowed Social Security Tax Revenue to be put into the General Accounting Fund and spent. Most of it being spent on LBJ's "Great Society" a plethora of federal entitlement programs like Medicare, Medicaid, and Food Stamps! Programs like Social Security that are all BROKE!!! Thanks Democrats! Democrats have held control of Congress since 2006 and have put us $6 Trillion more in debt!
@peatea98 Social Security has been run in a surplus since it's founding. However, bloated departments like the Department of Defense keep stealing the surplus instead of allowing it to be reinvested for future citizens. If you want to go back to the 1950s, but all means, go ahead. The income tax rate was 90%. Enjoy.
@sonofsarek Another left-wing propaganda. You forgot to add that in 1950, there were more tax brackets than today. You only paid 90% of your income on every dollar made over 200,000. In fact, if you calculated your tax using the 1950 tax code, the top 1% paid much less than they do today adjusted for inflation.
Thurguston, Reagan's tax cuts DOUBLED federal tax revenue. Go and check the facts before you make erroneous statements. Virtually EVERY time taxes are cut, revenues INCREASE. Study economic history!
Funny how Conservatives like to quote Lincoln and JFK (but avoid full quotes for a reason), even though they hated Lincoln; so he became an independent and denounced the Republican party
Conservatives during the JFK era hated him as well, thought he was not a true christian and was going to force real Christian Americans to convert to a false religion. They also called him a Socialist ... some things never change
@the82spartans He was re-elected as an Independent, the Republicans ran a different candidate. You won't know these basic facts if you are reading Texas style text books
Tax cuts when not accompanied with budget cuts will lead to bigger deficits. Because if you only going to cut taxes and borrow the difference from the Chinese like what we r doing now, we will end up with the situation we had after Reagans 2 terms, bigger deficits.
So if u are going to support tax cuts, make sure u vote for politicians who have a record of voting against unbalanced budgets and expensive wars (just a handful of them in office now)
This video clearly shows how bad the Democratic party has become. If you didn't know any better you would think JFK was a Republican. Zell Miller tried to point this out in his book " A National Party No More" but no one on the left took heed.
It's amazing how Obama can go on camera with his smug little smile and claim that tax cuts resulted in our current deficit. Anyone over the age of five knows full well that over spending is the root cause of deficits. HR 25 is the answer.
@AMXBOY JFK was against the super rich, when he was in office the taxes for the richest 1% were more then double what they are today. all obama wants 2 do is raise there rate from 35% (bush tax cut level which was only suppose 2 last 10yrs max) to 39% (clinton level, still historically very very low) but when obama tries 2 say this fox and other GOP mouthpieces try to confuse u and say hes taxing the middle class, small businesses and poor american families. JFK was a great, better then reagan
The tax cuts during Reagan didn't lead to more revenue, though, so the assumption that tax cuts increase tax collection is provably false (or at least that the cuts during the Reagan administration were too large according to the theory)
Many don't understand barry's motives. He doesn't want things to get better. He wants to make things infinitely worse as he believes this will cause the people to look to an ever expanding government fo help. This would empower the government and barry with ever increasing power.
Here's an example of stupid people who think they are film editors and economists. The bastardizing of news footage to suit The Winston Group's agenda would be laughable if it were not so pathetic!
how many people realize just how insanely far left our political landscape has lurched over the last century? remember, obama is the symptom not the disease... the naive and foolish voters who pushed him into office (in SPITE how much they disagreed with his policy) and the ones who quietly stand aside are rightly to blame for this.
november mustn't merely be the end of the current era of morbid government worship, it should be the beginning of the overthrow of the same.
I'm curious to know how much more our government is spending today versus 40 years ago. What does the Federal budget cover now that it didn't back in the 1960's?
@Animo916 I was thinking mainly of how many more Federally-funded programs there are now that didn't exist back then, and how much each of those programs have grown over the past 40+ years. I'm sure there's much more that needs to be calculated than the simple cause/effect scheme that has been presented by this video.
@MrLinkolin Excess Federal spending doesn't help the situation. For tax cuts to work, Federal spending needs to be reduced. To cut taxes and not cut spending, dooms us to economic failure. Kennedy cut taxes and spending at the same time. The curse of Obamanomics is that he thinks he can spend his way out of this economy. My question is, where is the money coming from if we already have a $13 trillion deficit?
"Facts to a liberal is like kryptonite to Superman."..L.Elder
rgarcia77 1 month ago
What Kennedy was really talking about: " In his 1963 State of the Union, he proposed substantial tax reform and reduction, in income tax rates, from the current range of 20–90% to a range of 14–65%; he proposed a reduction in the corporate tax rates from 52 to 47%" - but hey, don't let the facts get in the way of your ideology.
Euphobiatic 1 month ago 3
When you combine these two presidents together, which are President Kennedy and President Obama. Your not gonna get the same exact expectations from Obama as you did from Kennedy. President Kennedy was a well educated man and didn't take no crap off the Repulican party. He wasn't afraid to fight back what he thought was Right. He also kept his word and made it happen. Kennedy did it his way he got the job done, and created more jobs than we ever have today. JFK nipped it in the bud big time.
coololds85 3 months ago
@coololds85 Kennedy was actually classified as a more conservative Democrat. His times were much different compared to the times we are in now. Another thing is Kennedy died before his term was fully out. He did what he could when alive: Peace Corps, dealing with Castro's Cuba and Khrushchev's Russia. I can't really compare the two- but at least Kennedy was neither communist or socialist.
Jantv81 3 days ago
@coololds85 If JFK were alive today, (pro military, pro tax cuts, and conservative to boot), he would would be a Republican. Reagan was also a democrat before he realized that party morphed into socialist anarchist losers. JFK cut income taxes from 90% to 70% (top tax bracket), Reagan fixed Carters pathetic economy by cutting taxes to 38% on the top earners. Democrats try to help the poor by strangling businesses. When Obama gets re-elcted we will all be poor and dependent on the Govt, sadly.
macracer005 1 day ago
The problem with the government is that they produce nothing. They take our money, and then it's gone. When businesses are able to keep more of their money, they use it productively. (Job creation) the only reason why "13.9 million jobs were created" was because the population grew by leaps and bounds. Liberal ideology is so twisted.
ilovenaltsvideos 4 months ago
@GeneralMcCudden Than, how do you go to work? Do you go on public road in any ways? And how many person take public transport without paying the fare? And do you drink tap water? And do you talk to police officer once in a while because of some problem? And do you take a break in a public park?
I think it is a significant part of our society. The question is not if it is important, but how do we valuate it. However, public good seem to have more value when you lose it.
therrydicule 4 months ago
@therrydicule Fine, if that is all the gov't would do. Fix the roads and infrastructure. But they don't. They run businesses out of town with all the taxes and regulation. Gov't takes everyones money and flushes it into a freakin toilet. You want more welfare programs handing out free money, or housing projects that become incubators for human vermin. Democrats have finally succeeded in creating a perpetual motion machine, Democrats creates dependent people, dependent people vote for Demoncrats.
macracer005 1 day ago
@macracer005 I agree, tax are killing everyone : 15%! However, Germany is doing really well with is... Oh, wait, they have 40% :L
Sure, there is a deadweight, but gov't have to get a higher return on a dollar. It's investment 101 - don't trade 4 quarter for a dollars...
What ran business out of town is rather general share of technical incompetence and the lack of flexibility of the american industry. Tax would be negative, I will still not invest in USA nor I will buy a Chrysler.
therrydicule 1 day ago
@macracer005 Just look at Apple. Why they build Iphone in China? Chinese factory are much more flexible. Want to put a new screen within a week of a launch because the screen of the prototype get scratch too easily? Done in 2 days. Change the bolt, 2 hours.
Same thing in USA - "Fuck you, I'm not working by night or week-end and fuck the bolt" - product launch retarded... Want to put a kaizen in place? "Fuck the checking! Where my check"
Forget taxes, it's the mentality&competence.
therrydicule 1 day ago
@GeneralMcCudden Ok, 2 thing: 1. What I try to say is, even if it is valid, taxes have the tendency to be sticky, for political reasons... 2. There is such a thing as public goods or a common good... Like a public library, with free public lecture once in a while and tons of book. It does create some form of wealth that spill over a bit everywhere, and business seem to like that because it help their research...
therrydicule 4 months ago
@GeneralMcCudden What you say is right on short run, but what about the long run? Cutting taxes in recession mean you have to adjust and avoid structural deficit, otherwise big problem will come. It's not just taxes, it's everything. Sure, cutting taxes could help on the AD-AS model, but a government could spend more on stuff that have a big multiplier (e.g: public road) to bring the economy to the full potential. It's like clothes : a XXX T-shirt does not fit everyone all the time.
therrydicule 4 months ago
god bless Kennedy for being one of the last Democrats to have the vision for cutting taxes leads to job growth...
3dartistguy 5 months ago
we need JFK back throw obama out and bring JFK back even though he no longer alive
ChristianWorldOrder2 5 months ago
The actual politics of this aside, this juxtaposition starkly demonstrates how much more charismatic Kennedy was than Obama. Even though Kennedy's past and personal life were far more murky than the squeaky-clean Obama, he's that much easier to intuitively trust. That's needed in a world leader.
hollymgray 5 months ago
Hauser's Law states that since WWII government revenue has generally been remarkably close to 19.5% of GDP. Top tax rates have been between 90% and 23% but either way we seem to pull in close to 19.5% of GDP. True, currently we have plunged unusually low in the recent few years to something like 15% but that is due to the recession. Increasing GDP is the best way to increase revenue and reduce the deficit. To do that we need to make our tax rate competitive.
Monsuco 6 months ago
That in 1962, when taxes for $200 000 of income was 91%. Giving inflation, that's about $1450000 or $1400000 (dependent of were you live and life style). So, yes in 1962 it was making sens to cut taxes, right now, however... How much less taxes do you want to pay? The tax rate is at 35% from anything more than $369050 - there is even 1 millions free of any other tax bracket from than to do a fair comparison.
therrydicule 6 months ago
This has been flagged as spam show
End the reagan and bush tax cuts for the rich.
73849309378 6 months ago
What isn't mentioned is JFK reduced the tax rate from 78% to 72% he would not have reduced it to 35% that is just insane!!!
jmccuddin 6 months ago 9
@jmccuddin
It should be done progressivally. Reagan went from 70% to 50% was to much to soon. deregulation and tax cuts should be done with balance.
Salvysahagun 6 months ago
@jmccuddin the US has some of the highest taxes in the world STILL
PatriotNotGovernment 1 month ago
Hmmm interesting. President Obama and the Democrats passed one of the largest tax breaks in history. WITHOUT ONE REPUBLICAN VOTE!
gburgess07 7 months ago
@gburgess07 They didn't cut the capital gains tax or top marginal rates. That's why there are no jobs being created now. Middle-class tax cuts are important but so are tax cuts for the wealthy. Obama's refusal to admit his mistake in this area is why America is sinking into the muck.
amerlibmov 6 months ago
Progressives are responsible for the ills of this country. It's an old ideology, carried over from Europe, where kings and queens, lords and ladies ruled over everyone else. It's fascism at it's core, not at all what you've been led to believe. They're responsible for every evil committed (slavery, war, etc.) Just look at how they pit us against each other, whether it's politics, race, economics, etc. If I can learn this as a black man, so can you. Wake up America - before it's too late.
dementeddc 7 months ago
Progressivism is a disease that's killing us all. JFK was the last LIberal to be elected, and Reagan was the only Conservative since JFK to hold office (they underestimated him as an actor, but he surprised them). Both parties have had the same goals for decades. It's why elections don't seem to change much. Also, Clinton had nothing to do with the economy in the 90's. It was all due to the Computer / Telecommunications revolution. Obama IS following clinton's polices. Are they working?
dementeddc 7 months ago
Rich elites have been trying to bring down this country since it's founding and enslave us all. I challenge all of you to watch some of the clips on my channel to see just how evil these people are, especially my friends on the left. There is nothing wrong with conservative or liberal idealogy. At one time, we all believed in small government and the constitution. You are being deceived today by charlatans who pretend to have our best interests in mind, but I assure you they do not.
dementeddc 7 months ago
Raising taxes is not the answer. Don't buy into that BS. It only hurts small business and helps corporations (who will still pay nothing because of tax breaks, loopholes, tax shelters, high-priced tax lawyers, etc.). Both parties are guilty of selling out to the corporations, but 2 points: 1st, look at who writes the tax code (Progressives in both parties). 2nd, JFK was a liberal. Compare him to Dems today. Do they stand for the same things? End this nonsense if you truly want to help.
dementeddc 7 months ago
@UBSCARED Oh thats rich UBSTUPID. Insult a guy making valid points and throw numbers out there to muddy the water while totally disregarding the impact on the economy that the biggest attack on our soil could have had or the "catch up" that we had to play after your pres didnt do his job after a number of attacks. The govt is too damned big, there are more govt workers than workers in manufacturing and construction. CUT THE BUDGETS, REFORM THE TAX CODE and stop overtaxing the producers!
tbwil11 8 months ago
The evidence you have is how the worlds economies responded after tax cuts historically; The 1919 tax cut gave us the Roaring Twenties. No tax cut resulted in the great depression. JFK's tax cut helped the booming 1960s. Reagan and Bush's tax cuts produced jobs dring the 1980s and 2000s. Clinton claimed his tax hike produced the jobs of the 1990s but the truth is the desktop computer, cell phone and internet were invented in the 1980s. Clinton just took credit when they came online 1990s
amerlibmov 8 months ago
@amerlibmov actually Reagan RAISED taxes numerous times during his presidencies. The image of him as this tax cutting crusader is a myth.
jerzy862 6 months ago
@jerzy862 Reagan, along with the Democrats, raised taxes at the top of the business cycle. Obama, in his economic illiteracy doesn't understand that the most powerful stimulus is to cut the capital gains tax at the bottom of the recessionary trough. It's a matter of understanding economics. Obama still doesn't get it.
amerlibmov 6 months ago
@amerlibmov yeah but the other problem is republicans refuse to consider any kind of revenue increases, which we will need if we are going to substantially reduce this deficit
jerzy862 6 months ago
@jerzy862 Raising taxes will not reduce the deficit. You may pick up a little revenue in the short run but after a couple of years, the economy will contract more, unemployment will increase, revenues will decrease and the deficit will be worse only this time the unemployment rate will be higher. The only way to cut the deficit is to cut the capital gains tax, which restores unemployment and returns revenues to government. Then you attack the remaining deficit by making budget cuts.
amerlibmov 6 months ago
@amerlibmov honestly i dont believe that. reagan and clinton both raised taxes and their economies soared.
bush jr. cut taxes but the economy under his administration was never great.
Im not suggesting the two have a cause and effect relationship but to suggest cutting taxes ALWAYS grows the economy and slightly raising taxes is a "job killer" is a bit of a stretch.
jerzy862 6 months ago
@jerzy862 Bush's economy soared with an across the board cut on capital gains, dividends and top marginal rates. UE1 fell below 4% by 2006, deficit below 200 billion. That's success. The desktop computer, cell phone and internet were created in the 1980s before Clinton. He just took credit when they came on line in the 1990s. His traditional economy was flat however, the techno sector roared and overheated after he cut capital gains taxes in his second term. That was very Reaganesque.
amerlibmov 6 months ago
@amerlibmov okay two things, computers were already being widely use during the Reagan era as well so shouldn't that mean Reagan also took credit for a good economy when it was really because of technological advancement?
and when you say the economy overheated when Clinton cut capital gains, wouldnt that be considered a negative thing?
jerzy862 6 months ago
@jerzy862 Computers were in transition from the main-frame but the desktop computer and cell phone were in their early stages in the 1980s. After the internet was pieced togather the actual technology boom began in the 1990s. But more than that, every economic sector boomed in the 1980s whereas in the 1990s only the techno sector boomed. The others were relatively flat being propelled by tech. Capital gains cuts are most productive at the bottom of a recession, not the top of the cycle.
amerlibmov 6 months ago
@amerlibmov I see, so you think Clinton made a mistake in cutting capital gains too early and perhaps that caused the economy to overheat?
jerzy862 6 months ago
@jerzy862 Right. And people to this day wish their 401Ks and housing values were as good as they were back then. But it was only a bubble.
amerlibmov 6 months ago
...this is a silly argument! The top marginal tax rate when JFK took office was over 90%!!!!! ANY cut would of course stimulate some growth when the rate is THAT HIGH!!! But when the rate is ALREADY as low as 35%, a cut would not put a significant enough amount back into tax payers pockets to effectively stimulate THIS economy with THIS amount of debt. I think Bill Clinton proved this point loud and clear.
jrfarris87 8 months ago
@jrfarris87 During the 50s and 60s the U.S. didn't have any competitors because WWII had destroyed them all. The world had to come to America for their products. You have to factor in world events to understand economic performance as well as economic policies. Clinton reduced the capital gains tax 5 or 6 points, a very Reaganesque policy and the economy boomed, 401Ks and housing values skyrocketed and then collapsed in his last year of office, handing Bush a recession.
amerlibmov 6 months ago
This is not accurate. He was dealing with a minor recession caused by Eisenhower's strict budgeting, not a major recession with a huge deficit caused by tax cuts and wars. Kennedy also agreed that running a deficit under certain circumstance can be a good thing! Tax rates were higher then, I dont know how your saying there not. Lastly, the US had a manufactoring based economy back then, now we have a service based economy.
mdh266 9 months ago
President Kennedy was brilliant.
PatriotInChief 9 months ago
By the time Kennedy took office, the top income tax rate had reached 94%. Kennedy originally asked for it to be reduced to 65%, but Congress slashed this down to 70%.
kaisersosay2 10 months ago
I mean... Kennedy is speaking about a budget surplus.
mftaylor49 10 months ago
If you look at the Clinton Administration, they created more jobs than any president in history and it was due to tax hikes. He created over 22 million jobs. Sure the guy was a man-whore, but his success in job creation was extravagant.
ZeckRichards 11 months ago
I luv this. Bill Clinton's job creation was the result of a tech bubble that burst at the end of his administration. Along with a Republican congress that watched the spending. Yes taxes were up but the "rich" had tax shelters and loopholes to get out of paying the full bill. I wish you guys on the left will tell the FULL story and not the simplistic "Bill Clinton created 22 million jobs" version of the story.
wolfengheist 4 months ago
@wolfengheist absolutely my man it drives me insane when liberals say that clinton raise taxes and economy boomed, well yeah the economy was already recovering when he took office. Not to mention the biggest reason for the economic recovery was the defeat of hillary care. Also there was huge defense cuts and welfare reform, which is unlikely happen today. He simply borrowed money from social security surplus to create a false illusion of "surplus"
trueconservatie33 4 months ago
@wolfengheist
Presidents dont create jobs, they only take the credit and blame for stuff happening. Its part of the job.
wtong89 3 months ago
You know in 1968, Douglas Englebart of Xerox - PARC demonstrated the first computer with a Graphical User Interface, Keyboard, Mouse, Hypertext and Networking but was not released in a product that year. In 1971, Intel invented the first microcontroller, the Intel 4004. Then in 1973, Xerox made put those innovations in their Alto computer. I wonder if Lyndon Johnson's tax cuts in 1964 led to the development of the Xerox Alto computer.
conservative608 11 months ago
You know what will add 8 trillion dollars in 4 years and reduce it by 1 trillion dollars by 2020 Obama.
BloodNorseGods 11 months ago
If you look at American history since 1929, you can really see how Ronald Reagan became a conservative. I mean the income taxes in the 1930's went up to 70%, half the population was gone during half of the 1940's distorting the economic picture, when the boys came home there was stagnation and economic decline during the 1950's when income taxes rose to 91% in the late 1950's. JFK finally came to terms with economic realities when he was shot by a crazy commie. Reagan lived through all that.
conservative608 11 months ago
jfk defends taxcuts for mainsteet , like obama.
caio637 11 months ago
This has been flagged as spam show
@caio637 I heard a "top to bottom cut" in this clip:
watch?v=x0MCPoqQl_g
And LBJ after JFK was assassinated passed JFK's tax cut which cut the top marginal rate from 91 to 70%. Source: h t t p : / / e n . w i k i p e d i a . o r g / w i k i / R e v e n u e _ A c t _ o f _ 1 9 6 4
conservative608 11 months ago
I like when people spout stuff and don't have a clue! Social Security was buried by the Social Security Act of 1965! LBJ and Democratic Congress! Do your research. As far as debt this prosident is King of Debt! 5.5 trillion in three years! For 2011 the CBO says $1,500,000,000,000.00! The CBO also anoounce yesterday that Social security is in permenant deficit! That's why Social security is called the Great democratic Ponzi Scheme!!! Obama started with 10 trillion! He will be at 15.5!
peatea98 1 year ago
JFK didn't start out with a 12 trillion dollar pile of Reagan/Bush debt
nicenonya3 1 year ago
JFK knew what he was doing
enjoyitbro 1 year ago
@enjoyitbro - Same as Obama.
tnoyy34rt 1 year ago
JFK compared to obama is like comparing fine wine with gutter wast
EdisunSolar 1 year ago
Taxes should have been cut during JFK's time. The highest bracket was 80-90%.
Now it's way too low and companies constantly find loopholes (ie Exxon made $50 billion net income and paid ZERO income taxes).
.
Taxes were also sky high back them b/c Congress had enough common sense to raise taxes to pay for a war, not cut them like the moronic politicians of today.
sonofsarek 1 year ago
@sonofsarek You are an absolute fucking retard.
itachi705 1 year ago
@sonofsarek Let me repeat again, the rich paid FAR LESS in taxes back then. You only paid 90% for every dollar over a certain amount, but guess what? NO ONE FUCKING MADE THAT MUCH MONEY TO PAY 90%.
Oh sure, you'll have like 10 people in the nation like Rockefeller and Morgan who actually fit into the 90% bracket, but every other American didn't make enough money to qualify themselves into the 90% bracket.
SuckMyPhallus 1 year ago 2
This has been flagged as spam show
THE TAXES! THE FINGER THING MEANS THE TAXES
CoolerKing37 1 year ago
You know what creates jobs? Protectionism.
npnnrtn 1 year ago
@npnnrtn If by jobs you mean shitty government jobs that mis-allocate market resources then yes.
Betty5150 1 year ago
@Betty5150 Feed more Austrian School idiocy to me, please.
npnnrtn 1 year ago
@npnnrtn Only if you beg.
Betty5150 1 year ago
Most people don't know which rates the JFK taxes held vs the Obama taxes. We're talking about a situation where JFK's taxes were roughly 2x Obama's. Look it up.
JFK's rates are fair. Millionaire-only brackets, higher rates, etc. Obama's recent deal is ridiculous - continued handouts to the rich in exchange for not letting the unemployed suffer more. I guarantee, a month or two of zero income for the unemployed and republicans will buckle. Most people have unemployed friends and family.
h4KK 1 year ago
@h4KK False. Fact is, the rich paid less back then. The top rates may be at 50-90% back then, but no one but a few handful of people in the nation qualified to pay that much. And even so, they only paid 50-90% of every dollar over a certain amount, and the number was quite high back then. The top 1% paid far less in taxes back then.
SuckMyPhallus 1 year ago
@SuckMyPhallus
the top rate was 2 x what it is now, and I'm sure most wealthy folks actually paid taxes instead of hiding their money in Swiss bank accounts or using some fancy loophole!
nicenonya3 1 year ago
@nicenonya3 You're an idiot who thinks all tax payers pay a single percentage.
In America, our tax system works as such:
For the first 10,000 you make, you pay nothing in taxes.
For every dollar over 10,000 and up to 24,000 you make, you pay around 15%.
For every dollar over 24,000 and up to 34,000 you make, you pay 25%
And it goes on.
Back then, there were far more tax brackets, making the rich pay FAR LESS in taxes.
The only people not paying their fair share in taxes are the middle class.
SuckMyPhallus 1 year ago
@SuckMyPhallus You're an idiot,the super rich hide their money offshore,kiss my mf ass!!
nicenonya3 1 year ago
@SuckMyPhallus No I'm not an idiot,you are,Hedge fund managers make billions each year and pay 15%
nicenonya3 1 year ago
@nicenonya3 Because they pay capital gains tax, not income tax, you fucking retard.
This is why billionaires are usually liberal. They want the small businesses to pay more income taxes so they can't expand and compete.
It's funny how Liberals think Bill Gates, George Soros and Warren Buffet sits around worrying about you poor people. Higher income tax = good business for Billionaires. Okay, dumbfuck?
SuckMyPhallus 1 year ago
@SuckMyPhallus you stupid fk,hedge fund managers should pay 39% or more,income is income...what ever you dumb fucking repubitards want to call it!..It's still income,I don't care how they stole it!
nicenonya3 1 year ago
@nicenonya3 HAHAHA... Go take an economics class and find out what Capital Gains tax is.
Capital Gains tax is capped at 15%. You Liberals are whining about the wrong tax. Most billionaires are liberals because billionaires don't pay income tax; they pay capital gains tax.
Billionaire, leer-jet liberals don't give a flying fuck about you, so stop worshipping people such as Bill Gates and Warren Buffet when they call for higher income taxes. Both of these men are greedy and monopolistic.
SuckMyPhallus 1 year ago
wow someone should send this video to the white house
masterj345 1 year ago
Corporations ship jobs overseas
Obama stimulated GM with billions of tax dollars
GM immediately shut down US plants and building overseas industry.
JFK had US industry to work with, Obama don't.
Fed Reserve has to go
until then , class warfare on who gets raped first, then second, then lastly
euro944t 1 year ago
''Our true choice is not between tax reduction, on the one hand, and the avoidance of large Federal deficits on the other. It is increasingly clear that, no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenue to balance the budget - just as it will never produce enough jobs or enough profits.
John F. Kennedy December 14, 1962
SeekingHisWill 1 year ago
There should be another video called "Obama vs. Eisenhower on taxes."
VoiceHunter 1 year ago
This proves obama was a plant!
BeantownJim 1 year ago
This has been flagged as spam show
Stop paying taxes!
BeantownJim 1 year ago
It shows that they have become stupid and anti-Christian. Just keep following that wanderring joo to hell.
proudrebel69 1 year ago
when you have one guy with all the money and you have many people with out the money, it's the people who decide what to Take. If you and your pals have ever gotten screwed over by a business in any way, than this is a 'justice' that you can have. Of course, there is always something that seems to find a way to F things up. it's how the government 'fixes' it that pisses people off. I wouldn't trust our government, who elected bush, to have more socialist power.
mouse9111 1 year ago
☜♱☞
RIP John F Kennedy..
God will punish the evil, sadistic bankers who conspired your assassination. Your spirit lives within all of those who fight for the Freedom and People of this country.
☜♱☞☜♱☞
3VOLution3NO 1 year ago
@3VOLution3NO - bankers? wasn't the Mafia ?
mouse9111 1 year ago
@mouse9111 Lincoln and JFK both began issuing US NOTES instead of borrowing Federal Reserve Notes. This is the single most important reason the bankers conspired to assassinate them both. If America began printing our own money instead of borrowing from these corrupt evil bankers, we would hav no reason for income tax, no inflation and could pay off our nat'l debt in a few years. JFK was doing alot of things that ppl in high places didnt like. he was taking away their power and profits.
3VOLution3NO 1 year ago
@mouse9111 i guess it depends on what the mafia was going to lose with JFK's policies and political actions. like i said, he was doing/planning to do alot of things that alot of ppl in high places didnt like. He was our last true President. All others since him are just puppets to the corporate and financial elite Especially Obama.
3VOLution3NO 1 year ago 10
@3VOLution3NO It's "a lot," with a space. You're ostensibly not very bright, which compels me to question the validity of your conspiracy theories.
jd55192 6 months ago
This has been flagged as spam show
@Obama
You fucking idiot. You were only voted in because you aren't 100% white. Now quit fucking the country up and sit there not being white, fool.
rickrocker 1 year ago
Democrats are trying to say we will have to take out a loan to cover the tax cuts! The bastards that have been bankrupting the nation with LOANS, and now they want to raise taxes even more on Americans!
ACORNSUCKS 1 year ago
JFK & MLK are sitting in heaven right now pleading with GOD...................
all three are sitting around crying
PatriotWatchUSA 1 year ago
@PatriotWatchUSA Mother Teresa, Rosa Parks and John Belushi show up to cheer the small group up. GOD ask Gabriel to send them away for GODS fear of his heart cracking when he sees the visitors eyes.
PatriotWatchUSA 1 year ago
So you progressive Liberal Democrats don't want to listen to anyone! Why not listen to your own. If it is not obvious that Obamas agenda is more important than the American people by now someone should freeze your voter registration.
PatriotWatchUSA 1 year ago
Would SOMEBODY send this video to Obama and the Democrats in Congress?
NWsubmom 1 year ago
That's what Democrats should be like today.
emperordarius 1 year ago
Comment removed
NewYorkFlavour 1 year ago
@NewYorkFlavour This is how fckin brain washed your dmb assz is. Nobody will be putting MORE money into anyones pockets dickhead. The tax's are in place. The issue here is OBAMA wants to take MORE instead of spend LESS.
It's pretty straight forward.
p.s. There is PLENTY of PROGRESSIVE Liberals in GOVERNMENT today who DO NOT want to let TAC CUTS EXPIRE either or YOUR SUPER MAJORITY would of voted ALREADY
START BEING honest with yourself.IDIOT
putting more money in rich peoples pocket-jackassz
PatriotWatchUSA 1 year ago
@PatriotWatchUSA
Wrong, you stupid bigot. The Bush tax cuts were created to temporarily boost the economy, and were set to expire. Let me say that again so you can hear me very clearly you stupid, cousin-fucking teabagger, the Bush tax cuts were temporary, and set to expire. Re-extending the tax cutst would add trillions to the deficit over the next few years. The Bush tax cuts are currently the largest part of our structural deficit, or am I already going over your head con?
NewYorkFlavour 1 year ago
@NewYorkFlavour SEE you progressive idiots first cant come off with a straight comment you have to throw names around.
So here we go...................... the TAX CUTS WERE SUPPOSED TO BE PERMANENT but progressive LIBERAl Dumbocrats wouldnt sign off on unless they expired.
So now the people know you are full of shit.
STOP SPENDING PROGRESSIVES HYPER INFLATION coming SOON
PatriotWatchUSA 1 year ago
@PatriotWatchUSA
Making them permanent would be a disaster. Obama supports re-extending the tax cuts for the middle class, but the rich are already paying the lowest income tax rate they have ever paid in American history. With our country so mired in deficit, we can't afford to keep putting money in millionaires' pockets. A return to the Clinton era tax levels would be ideal. What do you have to fear? Because the economy was so terrible during the 90s?
NewYorkFlavour 1 year ago
@NewYorkFlavour The economy was SO good because of Bill gates and clintons reduction of the military by 50% which brought over 6 attacks and over 4,000 deaths. You liberals will have to start drilling, which you wont do but will let other countries drill with our dollars, or leagalize pot or we are screwed
DIDNT vote for BUSH but thanks anyway.
Not one peep about SPENDING out of your socialist mouth. NOT one.. Tax increas on any level will sink us for sure.
PatriotWatchUSA 1 year ago
@PatriotWatchUSA Clinton raised taxes, and during his administration, the economy went through it's largest, and longest expansion in US history, 21 million jobs were added, and we were left with a budget surplus.
NewYorkFlavour 1 year ago
@NewYorkFlavour THANK YOU Bill GATES for eight years of good fortune. These were the years LIBERALS were giving homes to anything that moved. B Clinton will tell you that.
Bill Clinton ADDED to the debt during his 8 years. FACT. Clinto reduced our military by 50%. FACT. Under B Clinton we were attacked 6 times and over 4,000 Americans died FACT
Clinton OBVIOUSLY could of gotten away with ANYTHING. Thanks B Gates
PatriotWatchUSA 1 year ago
@NewYorkFlavour and I would be bigot because................and I am not racist?
PatriotWatchUSA 1 year ago
@NewYorkFlavour "tax cutst would add trillions to the deficit over the next few years"
Are you a fucking retard? The tax cuts didn't put us trillions of dollars in debt, your elected officials and bankers did. I'll bet you believed them when they said "ATMs will stop spitting out money". It was a true statement. If the banks didn't get bailed out, the ATMs would stop spitting out their monies and start spitting out the monies belonging to the banks that devoured them.
rickrocker 1 year ago
Outstanding video. Thank you so much for putting it together.
kevmorris3000 1 year ago
We hardly have an industry - we make NOTHING compared to places like China. Tighten the budget (that includes cutting military spending - pulling out of the middle east), let tax cuts for the wealthy expire, pump money in to engineering programs that can pave the way to developing alternative energy, and keep tight regulation on banks and big business.
I personally believe corporate lobbyists should be banned from the white house. Corporations and their CEOs have done enough steering.
MsbacktoNYC 1 year ago
@MsbacktoNYC You had me going than you threw in that tax thing and that SO CALLED alternative energy. If government would get the fck out of the way we would have an alternative already. BUT WE DO NOT that is why our country is slowwwwwwwly being littered with WIND MILLS
PatriotWatchUSA 1 year ago
John F. Kennedy leisurely rode on a sunny day in a global-warming vehicle and was shot by the Secret Service due to his insistence of warning the American people of a powerful conspiracy afoot. This is NOT the proper behavior of a US President. Thankfully, all subsequent Presidents have kept their mouth shut, and we have the New World Order ordained by the invisible elite, as intended.
We are domesticated. Chew your cud and get milked.
This is the American citizen's path to survival.
.
MegaFlyingPilot 1 year ago
I don't know from personal experience, but Kennedy was the bomb!!
BeefCaike 1 year ago
@BeefCaike Ive learned to LOVE Kennedy after watching this liberals burn my country down to the ground.
YEt Fannie & Freedie Mac continue to run wild over the American people. barney Frank still makes DECISIONS for my country while he guided that ship
PatriotWatchUSA 1 year ago
They don't make Democrats like JFK anymore. He would be considered a Republican today....
davefrmca 1 year ago
Enough parasites voted for the promise of a free lunch, and now we have a Trojan Horse in the Whitehouse. To call him a traitor is to insinuate he was once on our side. He has set race relations back 50 years. The manipulators behind the pawns are NOT incompetent; they are executing their plan for 'fundamental change' to Totalitarian Marxism. God save our Constitutional Republic!
"During times of deceit, telling the truth is a revolutionary act." - George Orwell '1984'
FlyingSheepdog 1 year ago
@FlyingSheepdog Good comment. I'm stealing some of your lines.
rakofgor 1 year ago
@FlyingSheepdog You scare the crap out of me racist NEO-con. I want DNA from you. Had a dream I had a twin. It's a recurring dream..........let me continue for you and thank you for correcting me on the treason thing. Here we go
As a TEA PARTY supporter we are racist YET 65% of Blacks are conservative and 95% of blacks voted for OBAMA? Hmm We have NO budget yet everyone goes home today? hmmm Republicans are holding MIDDLE CLASS hostage with tax breaks YET NO BILL has been submitted hmmmm
PatriotWatchUSA 1 year ago
@FlyingSheepdog We are racist yet we SUPPORT Allen West & Starr Parker and they DONT EVEN live in our state. hmmm Deomcrats have controlled congress for 4 years YET this is the Bush economy
PatriotWatchUSA 1 year ago
I don't know who hates this nation more; Obama or the Muslim?
Gruurk2 1 year ago
It's sad to think that many people still believe we can recover our glory by tweaking small issues on a poorly built frame. That's like building a TV set from a kit without looking at the instructions in the box just because you have turned one on in the past. We cannot recover from thus mess without some common sense now. The instructions are simple...Stop spending where there is no possibility for revenue generation and hunt down the power mongers and cut them off from the joint account.
tberru 1 year ago
Top marginal tax rate under Kennedy - 91%. Proposed top marginal tax rate under Obama - 39%. This video proves Lincoln right, you CAN fool some of the people all of the time.
thepomegranate 1 year ago
Taxes didn't cause this recession. The housing market tanking caused the recession.
AngelDecoys 1 year ago
I can't wait till the Obama idiot is REMOVED from office and a real leader replaces him. Obama will have to move out of our country in shame.
CrismaFire 1 year ago
1864 Republican Convention; the Republican Party selected Andrew Johnson, a War Democrat from the Southern state of Tennessee, as his running mate to form a broader coalition. They ran on the new Union Party ticket uniting Republicans and War Democrats.
Lincoln re-elected as an Independent? LMFAO.
the82spartans 1 year ago
say didn't a Communist kill Kennedy?
drlax15m 1 year ago
@drlax15m JFK was killed by the same people that killed Lincoln, and the same people that attempted the assassination of Andrew Jackson.
Animo916 1 year ago
@Animo916 and what are the life spans of these people?
drlax15m 1 year ago
@drlax15m These people have the same lifespan as anyone else. It's the collective of those that establish and control the World Banks that I am referring to.
Jackson canceled the charter of the First National bank of America
Lincoln canceled the charter of the Second National Bank of America...and
JFK wanted to dissolve the Federal Reserve Bank
Animo916 1 year ago
@Animo916 Ah, much better expanded
drlax15m 1 year ago
What do you think of that Polish plane crash that took out so many anti-Euro people, only to be replaced by a pro-Euro regime
drlax15m 1 year ago
@drlax15m I think my previous answer would cover this situation as well. What about the oil expert that was disproving BP's claims? Mysteriously drowns in his bathtub.....right!!! These things happen all the time to people trying to go against the "Plan". Unfortunately the majority of people worldwide, not just here, are being led around like a mule with a carrot dangled in front of it's nose. No one wants to see the truth, because the truth is really horrific.
Animo916 1 year ago
This has been flagged as spam show
@drlax15m I think my previous answer would cover this situation as well. What about the oil expert that was disproving BP's claims? Mysteriously drowns in his bathtub.....right!!! These things happen all the time to people trying to go against the "Plan". Unfortunately the majority of people worldwide, not just here, are being led around like a mule with a carrot dangled in front of it's nose. No one wants to see the truth, because the truth is really horrific.
Animo916 1 year ago
@Animo916 Damn, Animo! That's some pretty old assassin. Was he a Shaolin or a Timelord???
dumbbo1 1 year ago
@dumbbo1 I knew someone would make a comment like this. I enjoyed you question, it was very entertaining. Check my reply to drlax15m for elaboration.
Animo916 1 year ago
All communists and socialists vilify "the rich". Ironically enough 'Obama made 5 million last year. Also, he got a book advance last year, even though it is for a book he will write in the future. He wanted to make the money before the beginning of 2011 so that he would be taxed on the money at a lower rate. Hypocritical bastard.
locomio91660 1 year ago
@locomio91660 Those that scream for tax hikes think that they do not apply to them. Little do they know that the so called 'rich' they are referring to are themselves as well.
GOPofHawaii 1 year ago
Whatever else Kennedy may have been, he WAS the son of a businessman, and he DID know economics. Obama is the son of a Marxist and grew up despising business people. (Except, of course, book publishers.)
dumbbo1 1 year ago
@dumbbo1 -- lol
Yup, Papa Joe Kennedy was a rum-running, bootlegging smuggeler sob of a businessman!
the82spartans 1 year ago
@the82spartans I'm no JFK lover, but a fact is a fact. Papa Joe was a scumsucking womanizer who took firm advantage of the fact that his wife's strict Catholic upbringing meant she'd never seek a divorce even if he diddled Gloria Swanson in Macy's window, and Jack was no different. But they did comprehend basic economics, unlike Obama who still believes in the Tooth Fairy.
dumbbo1 1 year ago
@dumbbo1 -- Hahahaha! All true.
the82spartans 1 year ago
This video is misleading because it is a partial. Take all the facts such as the Reagan years which resulted in high unemployement and a deficit that tripled. The Bush Jr years causing an economic meltdown and the highest unemployment sinc the Great Depression. Add to this the Pinochett years in Chile, high unemployment, a lagging economy. In the JFK years jobs were not being moved to China, jobs stayed in the U.S. This video is misleading.
666brainiac 1 year ago
Kennedy had it right! It was LBJ and the Democratic Congress who in 1965 passed the Social Security Act which allowed Social Security Tax Revenue to be put into the General Accounting Fund and spent. Most of it being spent on LBJ's "Great Society" a plethora of federal entitlement programs like Medicare, Medicaid, and Food Stamps! Programs like Social Security that are all BROKE!!! Thanks Democrats! Democrats have held control of Congress since 2006 and have put us $6 Trillion more in debt!
peatea98 1 year ago 7
@peatea98 Social Security has been run in a surplus since it's founding. However, bloated departments like the Department of Defense keep stealing the surplus instead of allowing it to be reinvested for future citizens. If you want to go back to the 1950s, but all means, go ahead. The income tax rate was 90%. Enjoy.
sonofsarek 1 year ago
@sonofsarek Another left-wing propaganda. You forgot to add that in 1950, there were more tax brackets than today. You only paid 90% of your income on every dollar made over 200,000. In fact, if you calculated your tax using the 1950 tax code, the top 1% paid much less than they do today adjusted for inflation.
SuckMyPhallus 1 year ago
@peatea98 Ronnie Raygun gutted the SS trust fund!
IOUs
nicenonya3 1 year ago
Thurguston, Reagan's tax cuts DOUBLED federal tax revenue. Go and check the facts before you make erroneous statements. Virtually EVERY time taxes are cut, revenues INCREASE. Study economic history!
IndyGlenn 1 year ago
Obama did lower taxes
And this is a terribly edited video
Funny how Conservatives like to quote Lincoln and JFK (but avoid full quotes for a reason), even though they hated Lincoln; so he became an independent and denounced the Republican party
Conservatives during the JFK era hated him as well, thought he was not a true christian and was going to force real Christian Americans to convert to a false religion. They also called him a Socialist ... some things never change
nutt66 1 year ago
@nutt66 -- Lincoln denounced the Republican party? Hmmmm. Odd that he would denouce the party he started.
the82spartans 1 year ago
@the82spartans He was re-elected as an Independent, the Republicans ran a different candidate. You won't know these basic facts if you are reading Texas style text books
nutt66 1 year ago
@nutt66 -- Meh. You got nothing....'cept a warped sense of history.
the82spartans 1 year ago
Tax cuts when not accompanied with budget cuts will lead to bigger deficits. Because if you only going to cut taxes and borrow the difference from the Chinese like what we r doing now, we will end up with the situation we had after Reagans 2 terms, bigger deficits.
So if u are going to support tax cuts, make sure u vote for politicians who have a record of voting against unbalanced budgets and expensive wars (just a handful of them in office now)
uche007us 1 year ago
This video clearly shows how bad the Democratic party has become. If you didn't know any better you would think JFK was a Republican. Zell Miller tried to point this out in his book " A National Party No More" but no one on the left took heed.
It's amazing how Obama can go on camera with his smug little smile and claim that tax cuts resulted in our current deficit. Anyone over the age of five knows full well that over spending is the root cause of deficits. HR 25 is the answer.
AMXBOY 1 year ago 5
@AMXBOY OMG someone with some brains commenting on yourtube.
CjAz91 1 year ago
@AMXBOY
jfk was a dino.
MrTabby5000 1 year ago
@AMXBOY JFK was against the super rich, when he was in office the taxes for the richest 1% were more then double what they are today. all obama wants 2 do is raise there rate from 35% (bush tax cut level which was only suppose 2 last 10yrs max) to 39% (clinton level, still historically very very low) but when obama tries 2 say this fox and other GOP mouthpieces try to confuse u and say hes taxing the middle class, small businesses and poor american families. JFK was a great, better then reagan
pat442389 1 year ago
@pat442389 You completely missed JFK's reasoning for lowering tax rates.
ltkhokie1 1 year ago
The tax cuts during Reagan didn't lead to more revenue, though, so the assumption that tax cuts increase tax collection is provably false (or at least that the cuts during the Reagan administration were too large according to the theory)
Thurguston 1 year ago
Comment removed
Thurguston 1 year ago
Many don't understand barry's motives. He doesn't want things to get better. He wants to make things infinitely worse as he believes this will cause the people to look to an ever expanding government fo help. This would empower the government and barry with ever increasing power.
leestauf 1 year ago 2
@leestauf Can't let a good crisis go to waste, after all.
Philhelm 1 year ago
The Oconomy and ObamaNomics have FAILED..under the last 4 years of Dem control..
HangProgressives 1 year ago
JFK cut the rich folks' rate down from 90% to what they would be now IF the Bushy tax cuts expire.
snarfblatt 1 year ago
Here's an example of stupid people who think they are film editors and economists. The bastardizing of news footage to suit The Winston Group's agenda would be laughable if it were not so pathetic!
ellebean1 1 year ago
Fascinating video: JFK on using tax cuts to boost employment and balance budgets in a recession.
cdmerrick 1 year ago
Tax rates were at 60% under Kennedy. They are around 39.4% under Obama.
This is an ignorant argument.
MrFlyPerfect 1 year ago
@MrFlyPerfect 39.4% because that's the rate he inherited from Bush.
Animo916 1 year ago
how many people realize just how insanely far left our political landscape has lurched over the last century? remember, obama is the symptom not the disease... the naive and foolish voters who pushed him into office (in SPITE how much they disagreed with his policy) and the ones who quietly stand aside are rightly to blame for this.
november mustn't merely be the end of the current era of morbid government worship, it should be the beginning of the overthrow of the same.
SimulacrumMaster 1 year ago
I'm curious to know how much more our government is spending today versus 40 years ago. What does the Federal budget cover now that it didn't back in the 1960's?
MrLinkolin 1 year ago
@MrLinkolin about a 60% reduction in the value of the dollar
Animo916 1 year ago
@Animo916 I was thinking mainly of how many more Federally-funded programs there are now that didn't exist back then, and how much each of those programs have grown over the past 40+ years. I'm sure there's much more that needs to be calculated than the simple cause/effect scheme that has been presented by this video.
MrLinkolin 1 year ago
@MrLinkolin Excess Federal spending doesn't help the situation. For tax cuts to work, Federal spending needs to be reduced. To cut taxes and not cut spending, dooms us to economic failure. Kennedy cut taxes and spending at the same time. The curse of Obamanomics is that he thinks he can spend his way out of this economy. My question is, where is the money coming from if we already have a $13 trillion deficit?
Animo916 1 year ago
Obama isn't incompetent. He knows exactly what he's doing....and that's
why his policies are so scary. He's a foreigner who is hell-bent on destroying the
US from the inside....and unfortunately there are a lot of know-it-all college kids
and 20 somethings who are assisting him.
BRUC2016 1 year ago