Saturday, February 28, 2009

Doomsayer in Chief

Obama Declares War on Investors, Entrepreneurs, Businesses, And More
Posted By: Larry Kudlow Anchor
cnbc.com

Let me be very clear on the economics of President Obama’s State of the Union speech and his budget.

He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds.

That is the meaning of his anti-growth tax-hike proposals, which make absolutely no sense at all — either for this recession or from the standpoint of expanding our economy’s long-run potential to grow.

Raising the marginal tax rate on successful earners, capital, dividends, and all the private funds is a function of Obama’s left-wing social vision, and a repudiation of his economic-recovery statements. Ditto for his sweeping government-planning-and-spending program, which will wind up raising federal outlays as a share of GDP to at least 30 percent, if not more, over the next 10 years.

This is nearly double the government-spending low-point reached during the late 1990s by the Gingrich Congress and the Clinton administration. While not quite as high as spending levels in Western Europe, we regrettably will be gaining on this statist-planning approach.
Study after study over the past several decades has shown how countries that spend more produce less, while nations that tax less produce more. Obama is doing it wrong on both counts.
And as far as middle-class tax cuts are concerned, Obama’s cap-and-trade program will be a huge across-the-board tax increase on blue-collar workers, including unionized workers. Industrial production is plunging, but new carbon taxes will prevent production from ever recovering. While the country wants more fuel and power, cap-and-trade will deliver less.
The tax hikes will generate lower growth and fewer revenues. Yes, the economy will recover. But Obama’s rosy scenario of 4 percent recovery growth in the out years of his budget is not likely to occur. The combination of easy money from the Fed and below-potential economic growth is a prescription for stagflation. That’s one of the messages of the falling stock market.
Essentially, the Obama economic policies represent a major Democratic party relapse into Great Society social spending and taxing. It is a return to the LBJ/Nixon era, and a move away from the Reagan/Clinton period. House Republicans, fortunately, are 90 days sober, as they are putting up a valiant fight to stop the big-government onslaught and move the GOP back to first principles.

Noteworthy up here on Wall Street, a great many Obama supporters — especially hedge-fund types who voted for “change” — are becoming disillusioned with the performances of Obama and Treasury man Geithner.

There is a growing sense of buyer’s remorse.

Well then, do conservatives dare say: We told you so?

URL: http://www.cnbc.com/id/29434104/

Tuesday, February 17, 2009

Saturday, October 18, 2008

Obama & McCain at the Al Smith Dinner

I really like both routines. Both guys seemed to have fun and were in fine form. Here's the video's:



Wednesday, October 15, 2008

"I Just Wanna Spread the Wealth Around"

BHO, in Ohio, talking to a guy who's working 12 hour days building a plumbing business from the ground up:




"Spread the wealth around?" This just reinforces that BHO's claim of giving a tax cut to "95%" of Americans (when only 67% actually pay taxes) is a crock. He's nothing but an old school socialist, taking from the middle class and giving to his voting block: the unproductive.

How much more evidence do we need of this guys contempt for the hard working Americans he claims to champion?

OGOD!

Tuesday, October 14, 2008

BHO - I'm 47 Times Less Experienced Than Palin

video

He just can't help himself.

Barack Hussein Obama is at it again. This time, he compares his experience with that of Alaska governor Sarah Palin. That would be all fine and dandy, except he compares his experience with hers as Mayor of Wassila, AK, seemingly forgetting she was Governor of Alaska.

Oh well, I guess managing a campaign of 2500 ACORN workers is pretty impressive, except for the fact that Palin managed 77,000 employees of the state of Alaska.

Oooops...

OGOD!

Monday, October 6, 2008

Captain Kang Screws the Pooch



I don't have a lot to say about the Vice Presidential debate, other than to say I thought Sarah Palin overdid the "aw shucks" stuff and Biden looked really creepy. Rush Limbaugh nailed it with his analysis when he said Biden looked like a Klingon. Perfect!

I kept looking at Biden's eyes, and I was facinated because he looked different. Something about his brows and forehead didn't look right. At least one plastic surgeon has stated he had loads of Botox going, but that doesn't explain why his eyebrows were pulled back like Joan Rivers on steroids. It was weird and distracting, but mostly because I already know what Biden is supposed to look like. Anybody who isn't so familiar with him may not realize he doesn't always look like Captain Kang.



Palin, for her part did OK and showed she belongs on the national stage. McCain should let her loose, especially in states like Ohio and Michigan, where she speaks the language (or at least has the accent). McCain has evidently fallen a little behind (but not nearly as behind as last weeks fabricated polls indicate) and she's an asset to the campaign, so why not let Sarah be Sarah? Don't hold her to scripts, just let her say how she feels about issues and remind people that she's if anything, more experienced than BHO.

As for Biden? Yikes! Way to show off your reptilian roots fella.

Actually, I thought he did okay, except for the part about the 14 outright lies he told. But then again, he's a democrat. He has to lie. If they told people what they really intended to do, they'd never win dog catcher, much less the presidency.