Obama's economic policy will destroy America!!!

http://mccain-palin-mmviii.blogspot.com/ Obama will increase taxes on the middel class.

Category:

Entertainment

Tags:

• bill
• o'reilly
• keith
• olbermann
• john
• mccain
• barack
• obama
• sarah
• palin
• joe
• biden
• chris
• matthews
• larry
• king
• keira
• knightley

[christrealized]

It's a simple solution... Pull the troops out of Iraq and there will be lots of money to spend on the American peoples needs at home..!

[oldbirdhat]

Thats not so simple and Obama is learning that know.

[astralman]

What's wrong with that? All the other channels are so 'FUCKIN' democrat. It would be nice if there was some balance.

[PandaPlague]

Listen to what he's saying. If you punish the people who COULD offer up those "chunks" of money, they won't invest as much- jobs go down- salaries go down- spending goes down- taxes have to compensate for lack of spending... Which is middle class money.

[blacksabbathgnr098]

@vernontrumpet2000 The tax rates may be 90% but it doesn't mean anyone will pay them. They will always find loopholes to not pay their taxes. All that will do is create a barrier of entry into the rich category for emerging business owners. Warren Buffet's secretary probably pays more than him in taxes.

The Federal Gov. has never been able to get more than 19% of GDP in tax revenues, no matter how high the marginal tax rate goes.

[blacksabbathgnr098]

@vernontrumpet2000 The only reason the tax rate was at 90% is because most everything you do has a tax write off. Most (including Howard Hughes) paid no taxes at all. The people who would be hurt the worst would be say an everyday person that hit a lottery and had no deductions of taxes shelters.

And what's the point of increasing taxes for outrageous spending? All it will do is hurt the people at the top with money who in turn won't invest it- hurting our economy in both short and long terms.

[vernontrumpet2000]

@blacksabbathgnr098 it wouldnt be higher taxes forthe middle class if we can tax the damn rich.and whats wrong with that? he is only asking for 34% taxation of the rich,eisenhower taxed them 91%,kennedy taxed them 70% and johnson,58%...and no one called them a socialist,as a matter of fact,they called them patriotic.in the begginning of his office he reduced taxes on 94% of Americans so get real and get your facts straight

[vernontrumpet2000]

in the first 4 month of his presidency,Obama brought the economy a 6% growth, the largest in 6 years,after only 2 years in office,he brought unemployment down from 16% to 9.6% which is constantly declining.Presently, he has returned 70% of the GDP all that within only 2years,not bad at all when u consider how bad it was in the last depression 70yrs ago as well as the depth from which this economy fell..not bad at all

[blacksabbathgnr098]

I'd pay you to find any economist who would argue that any of these aforementioned evaluations are false.

However, if Bill focuses on these proven macroeconomic principles, he will be seen less as a partisan fear monger, and more as a credible journalist.

[blacksabbathgnr098]

Obama's fiscal policy is insufficient because projects like the stimulus package are focused on long term gains, which won't shift AD back to our long term growth path in the short term because they're so long term. Fiscal policy is only effective in the short term.

Due to macroeconomic principles, his unprecedented spending will lead to higher taxes, high inflation and crowding out. All of which will hurt our economy in the long run.

[blacksabbathgnr098]

I think O'Reilly is going about it in the wrong way. He's focused on emotional persuasion by comparing Obama to socialist leaders. Whether this is true or not is debatable due to several factors.

Fox should be as objective as possible for credibility reasons and simply explain to their viewers that his fiscal policy has increased our national debt at an astounding rate- 90% of GDP.

[discjav08]

wow obama, o'reily called you out big time.. and ur response was..... "no, i dont like writing checks"

[skimboardmonster]

joinfunk is an imbecile.