-
The Inoperative Jay Carney
May 23, 2013 | 135 comments
-
IRS Union Chief Stonewalls
May 21, 2013 | 57 comments
-
Obama and the IRS: The Smoking Gun?
May 20, 2013 | 70 comments
-
The Liberal Union Behind the IRS
May 16, 2013 | 146 comments
-
Cumulus Media: Suicide of a Company?
May 14, 2013 | 64 comments
Political Hay
Obama Scam Admitted: Bush Tax Cuts Worked
Geithner report signed by President details tax cut success: Rich Google ally evades taxes.
(Page 2 of 4)
In the back of the report — right there in the literally small, fine cold black print — are the Geithner approved numbers that make the hard data hidden all the way at the back of the report directly contradict all the Obama rhetoric at the front of the report.
Not only that, the numbers, required to be a factual recitation of America’s economic history, reach back to the Kennedy years. Which means it includes the tax receipt numbers for the administrations of two tax cutting Democrats and two Republicans — JFK, Reagan, Clinton and Bush 43.
As seen in this chart, provided by Paul Sperry in Investor’s Business Daily, with all the figures coming from Geithner’s Treasury Department, in every single instance when taxes were cut — government receipts went up.
Which is to say, when taxes on the rich go up, the American government gets starved for cash.
How does this happen?
Let’s put aside the proved common sense Reaganomics here… that lower taxes creates more jobs and more economic growth. Time after time after time, as thoroughly documented by Obama’s Treasury Department, rising income dwarfed the decline in tax rates…and why wouldn’t it, with more people having jobs?
Instead let’s look at how “the rich” avoid taxes precisely because they are terrified of the policies of somebody like Barack Obama. And let’s use an interesting example of the game at work — interesting because it involves a famous company headed by a man who is an equally famous Obama supporter.
One of the names mentioned for a possible Cabinet job in the second Obama term is Google’s Chairman and former CEO Eric Schmidt. That’s right, Google. The Internet search engine company.
Mr. Schmidt was a major Obama contributor and supporter of the Democrats in 2012 as he was in 2008. Google’s political action committee gave $2.1 million to Democrats and over $700,000 to Obama in 2012.
So, a Google exec for Team Obama?
Not so fast.
Obama supporter Schmidt and Google are prime examples of how “the rich” go out of their way to escape paying high taxes. A regularity in America because people like Barack Obama are always just a handful of votes away from controlling U.S. tax policy.
Google, in fact, is terrified of Barack Obama and what he intends to do to “the rich.” And since Mr. Schmidt is both ex-CEO and current Google Chairman, it is abundantly clear by his actions on behalf of Google and how he comes about his own personal wealth what he really thinks of the “tax the rich” business. The “rich” defined here as, well, Google. Headed up by that very rich champion of all things Obama, Mr. Schmidt.
Let’s skip over to Bloomberg’s Businessweek back in October of 2010 for their description of exactly what Mr. Schmidt is doing to make good on his candidate’s “tax the rich” policies.
The headline on the story by reporter Jesse Drucker?
About the Author
Jeffrey Lord is a former Reagan White House political director and author. He writes from Pennsylvania at jlpa1@aol.com.
Letter to the Editor View all comments (86) | Leave a comment
More Articles by Jeffrey Lord
More Articles From Political Hay
http://spectator.org/archives/2012/12/11/obama-scam-admitted-bush-tax-c
Follow us:
ADVERTISEMENT
Current Issue
- Inside the Gates of Eden
- Ailes: A Voice for the Silent Majority
- The Great Train Robbery
SPONSORED LINKS
FLASHBACK TO: 1995
-
Pope Culture
A man of faith in a godless age is hitting Americans where it hurts.
-
Why the GOP Does Not, Like, Totally Suck
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
-
Dames at Sea
-
In the Absence of Guns
In Britain, defending your property can get you life.
-
The Metaphysical Martini
-
Counting the Costs of Clintonism
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
-
Chuck McHagel
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
-
The Legacy of Old John and Mother Fresh-Roasted
-
It’s the Best Time of the Year
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
-
The Bush Crack-Up
Was the President done in by the economy, or by the politics of the economy?
Clip of the Day
H/T to National Review Online
ADVERTISEMENT
Jack in Wi| 12.11.12 @ 6:43AM
The number of millionaires is down 50% in the last 5 years. That is because of the stinky economy. If you raise marginal tax rates the young people coming up will not have a chance to get rich. I made over a million a year a couple times in my life. Thanks to Reagan's tax cuts I was able to keep most of it. That gave me a chance to blow most of it later. The rich already have their pile and have huge armies of accountants, lawyers, and lobbists to protect thier intrests. It is the average guy who may hit a windfall for a couple of years who will never get a chance to get ahead, as taxes will take most of it. Risk takers have to be rewarded for their hard work. Otherwise why take the risk?
EmilyJennifer| 12.11.12 @ 6:00PM
Love my job, since I've been bringing in $5600… I sit at home, music playing while I work in front of my new iMac that I got now that I'm making it online(Click on menu Home)
........goo.gl/Xc2Jc
Occam's Tool| 12.13.12 @ 8:49PM
Obama specifically stated in 2008 that he would raise taxes on high earners regardless of whether it would hurt tax revenues (and thus the economy) or not---in other words, if raising tax rates resulted in lower revenues, he would do it anyway. That way lies madness. I completely agree with Jack in Wi. on his comments above. Risk takers drive the economy.
Von Mises Jr| 12.11.12 @ 6:45AM
Perhaps Perp can provide some elucidation on the "social justice" of Google (Obama's Winston Smith at the Ministry of Truth discarding conflicting news down the Memory Hole) off shoring $10B avoiding $3.1B in Federal taxes, Warren Buffet whom owes $1B that he will not pay while he pleads for higher taxes and Jeffrey Immelt whom at GE had $14.2B in profits of which $5B was in the US and they paid no taxes versus the guy with the retail store, doctor's office or small business that is going to be taxed at 39.6% top marginal, .09% ObamaCare tax on the rich, both sides of Social Security (12.4%) plus Medicare (2.9% going to 3.8%).
When has Schmidt, Buffet and Immelt made enough money? When is it time for them to step away from the table to let someone else take a seat at the table (Van Jones)? When are barry and Moochelle going to tame their $1.4B travel and entertainment budget each year so someone else can afford a day at the beach?
Come on Perp, we are all waiting to grasp this "social justice" thing and await your brilliance.
CJW| 12.11.12 @ 7:13AM
Von
This is shocking news. Obama lies, Obama's supporters lie and evade taxes, and lower tax rates produce higher tax revenue. What next?
Von Mises Jr| 12.11.12 @ 7:21AM
Next, perhaps we get a proper definition of "social justice" from Caliban.
Hayek was unable to succeed in "Law, Legislation and Liberty - The Mirage of Social Justice," but I am sure Perp can clear it up for us.
Where is Caliban?
TLP| 12.11.12 @ 7:55AM
Is it possible that there is a Stupider Looking Picture of Jeffrey Lord to put on this page?
Cause I'm thinking that there ain't.
Von Mises Jr| 12.11.12 @ 8:01AM
After blaming Quislings for the GOP and his other recent articles, I was thinking the picture was spot on. But I think he finally found a topic that he depicted with intelligence and wit, even if still a little verbose.
Jeff| 12.11.12 @ 9:27AM
As it happens, TLP, Jeffrey Lord (so he tells me) thoroughly agrees about the picture. It was taken while on the set of The Lou Dobbs Show the night Mr. Dobbs had just announced he was leaving CNN, leaving Lord looking...well.....like that.
Lord is said to be prowling through old family photos for a more suitable look - so far the 3rd grade class picture is leading the pack.
TLP| 12.11.12 @ 1:08PM
Let's Play a Game.
Jeff says that Jeffrey was on Lou Dobbs when this picture was taken.
Why does he have this look on his face?
A) He just accidentally Farted.
B) He just squeezed out a silent Fart, and he got more in his pants than he bargained for.
C) Lou Dobbs just squeezed out a silent Fart, and Jeffrey's holding his breath, after getting a Mouth Full of Lou Dobb's Gas, already.
I choose B.
What say You?
mike 3/505| 12.11.12 @ 1:34PM
Government raises taxes, adds regulations & foists a behemoth health system on us...Result....Higher cost of living...led by energy costs, fewer jobs, companies leaving the US....all ending up with a lower standard of living......which gives us Lord's "shocked face." Just like the kid on the e-trade commercial.
R Martin| 12.11.12 @ 4:01PM
Mr. Lord, please excuse our Little Timmy; he has a good heart, but he’s a shut-in and often sinks to scatological humor to amuse himself. He also amuses himself by playing certain show tunes which he thinks are a reflection on his countenance. Speaking of which, perhaps he should post a picture of himself before criticizing yours.
chuck| 12.11.12 @ 6:11PM
I'm thinking he just pissed himself, and he's got that warm and fuzzy feeling, and no one will notice because he's wearing a dark suit.
RCV| 12.11.12 @ 1:10PM
That's how Jeffrey looks, and it reflects who he is.
TLP| 12.11.12 @ 1:34PM
So, what you're saying is that You look like Krusty the Klown, Andy Dick, and Tiny Tim, rolled in to one.
Thanks for clearing that up.
We're still awaiting your annunciation of what, exactly, Black Jesus' Plan is for the next 4 Years, other than RAISING TAXES, GUTTING DEFENSE, and GETTING EVERYONE ON FOOD STAMPS.
It's a day later, and we're still waiting for your answer.
As if you actually have one.
Occam's Tool| 12.13.12 @ 8:52PM
RCV:
how can you say that? I remember dating a Victoria's Secret Model when I wasn't earning much, and I haven't aged a bit in 20 years, and I'm to the right of Attilla the Hun! Catching a man in a doofus moment is hardly a fair indication of his inner self.
mike 3/505| 12.11.12 @ 8:33AM
Your winnings Sir.
CJW| 12.11.12 @ 8:38AM
Good morning Colonel Mike, TLP, Von, have a good day.
TLP| 12.11.12 @ 1:15PM
Mini Contest, right above you.
mike 3/505| 12.11.12 @ 1:31PM
CJ! How they hangin?
TLP| 12.11.12 @ 1:37PM
Mini Contest, right above you!
Let's go.
A, B, or C?
I don't have all day!
Actually, I do.
mike 3/505| 12.11.12 @ 1:46PM
D.
KennesawJack| 12.11.12 @ 4:20PM
Has to be "B". Thus the look of "Oh Shi*t! What do I do now?"
Albert Constantine Jr.| 12.11.12 @ 8:51AM
Though it is too early for Friday, I would suggest that the Casablanca reference might be misplaced, for in the end, the hypocritical and cynical Inspector Renaud did the right thing. Good luck finding an ally or member of the Obama Administration willing to stick their neck out and do that now.
CJW| 12.11.12 @ 9:56AM
That was a great comment by the Colonel.
Albert Constantine Jr.| 12.11.12 @ 11:03AM
Insightful and pithy, to be sure.
TLP| 12.11.12 @ 1:09PM
Did he even write it?
Or did he steal from somebody further down the Comment Page?
mike 3/505| 12.11.12 @ 1:30PM
Tim, I thought I done 'splained this to you before....If it's a great comment, then You didn't write that....If it's a crappy comment, then I disavow any and all knowledge & if pressed, I blame our Ambassador to the UN...or Bush as the case may be.
TLP| 12.11.12 @ 1:39PM
Wrong.
The correct answer is: I blame the Guns that Killed him.
mike 3/505| 12.11.12 @ 1:45PM
CQTM
mike 3/505| 12.11.12 @ 1:36PM
Big Al,
I think I gotta agree with ya on that one.
Regards,
Mike
jaytrain| 12.11.12 @ 7:55AM
Is that Turbo Tim Geithner , admitted Tax Cheat ?
Hardcard| 12.11.12 @ 7:59AM
Scam, the election 2012 was a scam, the whole middle east conflict is a scam, obama is a scam, the financial cliff is a scam, we are scammed every day in every way, the basic tenant of a scam is the scammers know that the marks want to be scammed. Nothing is legit anymore.
JimH| 12.11.12 @ 8:07AM
After watching a Simpsons rerun BO announces a major new infrastructure, anti-global warming stimulus project: The National Monorail.
TLP| 12.11.12 @ 1:17PM
The Music Man.
The Flim Flam Man.
P.T. Barnum.
Hardcard| 12.11.12 @ 8:09AM
Everybody wants something for nothing, free healthcare,free tuition, free housing, free food, freedom from responsibility, let the government take care of it. Every day is a body cavity search, filled with hate and deceit. Religion we don't need no stinkin religion, screw for fun and profit, marry a goat it's ok. Ban guns the government will protect you.
TLP| 12.11.12 @ 1:40PM
That comment actually explains YOU, at The Contest.
Hardcard| 12.11.12 @ 8:20AM
PS: I think that big brother is watching and listening intently.
Albert Constantine Jr.| 12.11.12 @ 8:53AM
I think Jack London will be weighing in supporting your goat proposition, though.
Occam's Tool| 12.13.12 @ 8:54PM
Albert:
You are a cruel man with regard to Mr. London. Cruel, but fair.
JD| 12.11.12 @ 4:59PM
You overestimate their competence.
It always impresses me how anyone who sees how difficult it is to manage things in smaller realms can possibly believe that a vast government can pull off the things that conspiracy theories suggest. The problem with government is incompetence, not conspiracy.
And before any foolish Leftists go off on me for "hating government," let me restate what I've said many times: It's not "being government" that makes government incompetent. It's being HUGE. Nothing that big can avoid massive corruption and inefficiency.
The Left errs when it imposes its vision that government is unique and special on the Right, suggesting that we hate government just because it's government. What distinguishes us from them is that we DON'T think government is unique or special. That's why we don't want to throw so much power at it.
Cobalt| 12.11.12 @ 8:21AM
In truth, many of them are getting something for nothing, and don't give a damn that this economic madness isn't sustainable.
CrackerHound| 12.11.12 @ 9:09AM
Well just look at the election results. THAT shouldn't have happened even in Bizzaro World.
Evidence of you being correct Cobalt!
KennesawJack| 12.11.12 @ 8:24AM
To Mr. Lord and everyone else out there with, apparently, better memories than I, WHAT CLINTON TAX CUTS? Obviously, I'm missing something or dementia is visiting itself upon me a bit early.
Jeff| 12.11.12 @ 9:32AM
Kennesaw Jack...
In 1997, the GOP Newt Gingrich- led Congress passed a cut in the capital gains tax from 28 to 20%. The bill was signed...reluctantly but definitely - by President Clinton. The economy...shocker...blossomed.
KennesawJack| 12.11.12 @ 9:46AM
I stand corrected, but only partially so. It was, in reality, a Republican tax cut. By the way, what is Ben Stein saying when he claims we did ok under the Clinton tax plan? Seems to me the economy did little until the 97 cuts.
CJW| 12.11.12 @ 10:01AM
Ben must have sold stock after the capital gains tax cut in 97 so he attributes his good fortune to Bubba. This tells you all you need to know about his economic and tax analysis.
KennesawJack| 12.11.12 @ 11:09AM
Once again, CJ, you cause the scales to fall from my eyes. Thank you.
TLP| 12.11.12 @ 1:24PM
He also signed the Legislation the got rid of Glass Steagal.
Just don't tell the Liberals.
According to them, Phil Graham signed that Bill into Law.
Al Adab| 12.11.12 @ 8:31AM
I am shocked, shocked to learn that lower tax rates create economic expansion.
Every time it is tried, expansion follows. We do not need additional cuts, but only that the rates be made "permanent" for the next several years. It's simple really.
Low taxes
Less spending
Market wages
Less regulation
Business friendly policies
CrackerHound| 12.11.12 @ 9:27AM
What we REALLY need in addition to your list Al...Is a citizenry that cares.
I really don't understand it but we are a lost and confused generation and it crosses all age specific generations.
How can we NOT demand that our elected reps do more than spin, divide, lie and watch, as the nation crumbles?
How can we NOT insist that the government stop handing our future over to China and flushing trillion dollar stimulus spending into Solyndra type black holes?
How can we re-elect a president the caliber of Obama in these times when his opponent was at the very least an honest, business experienced and potential "fixer" of the economy?
The horrible truth is that Cobalt is right...we as a people don't care. Most really don't care whether we remain free or go into bondage so long as bread and circuses remain free.
Al Adab| 12.11.12 @ 10:18AM
Would that we did have a generation, a citizenry, that cares. Too many are willing to accept the gurantee of subsistence over and against the opportunity of risk in the free market and the opportunity of success. We have sold our birthright of freedom for a bowl of government pottage. The lower standard of living we are now experiencing is the new norm.
Louis Jenkins| 12.11.12 @ 8:38AM
The American people, when they have a stake in the game, play ball. When taxes goes up, they withdraw and take their ball home. Anyone with any sense does this. Mr. Lord, while it's great that you pulled out a little known fact that should be considered a great big truth. So Obama signed the document, does that really matter? The man is a liar, and his signature on this piece of paper is just another lie in a long list (very long) of lies.
How about coming up with an article were Obama told the truth? Now that would be a jewel. The man will tax regardless of what the small print says.
Grzmlyk| 12.11.12 @ 8:59AM
It's ok, though, because Google is cool and Schmidt talks the talk. When you're a Democrat, you're not expected to walk the walk. Duh. Everybody knows that.
Why do you think all those rich bastards in Hollywood are libs? How about Wall Street, which backed Obama overwhelmingly? Or the super-rich, like Warren Buffett? Democrats in good standing every one of them.
How many of them have given up their private jets and mansions? Zero. It's all good, though, that Michael Moore, poster boy for gluttonous hypocrisy, sends his daughter to a private school, invests in evil oil and seeks his own tax shelters because he says all the right things.
But a REAL job creator who sends his daughter to a private school, invests in oil and seeks tax shelters who is conservative deserves to be lynched in the public square, according to liberal doctrine. That's how liberalism works. It is liberalism's prime directive: Do what I say while I lie back on the hammock and make you sweat for my benefit while I flap my gums about fairness.
Good thing for the Democrats that America's number one natural resource in 2012 is illiterate, envious morons such as the unemployed vandals who troll this site regularly, spewing equal parts hatred, ignorance and misplaced confidence. For them, two plus two equals whatever they want it to equal.
Time for libs to pay their fair share. In blood.
Simon Templar| 12.11.12 @ 12:54PM
Grzmlyk. The thought occurred to me that you could create excellent campaign commercials...as you outlined the contrast and layed out the liberal hypocrisy with some really effective imagery, I could see this as a great political campaign or public announcement commercial.
Grzmlyk| 12.11.12 @ 1:23PM
That's a good idea, Simon! I've been toying with the idea of making a video of some kind conveying my opinion of the New Amerika; up till now, the most succinct way I've come up with would be considered far too scatological.
Funny how none of the usual trolls have shown up for this article to spew their brand of "tolerance" and "celebrating diversity" and "fairness."
Maybe they all got jobs? Ha. Kidding. Being CEO of "What's-In-It-For-Me" Enterprises isn't REALLY a job, and their brow-beaten girlfriends' parents' basements aren't ACTUALLY corporate headquarters.
Most likely, today's the day their new EBT cards arrive and they've had to tear themselves away from their normal vandalism activities.
After all, Other People's Money don't spend itself!
DRed| 12.11.12 @ 4:04PM
Grzy, you're a bright guy-can you tell me what happens to the revenue growth that took place after the Bush tax cuts after you adjust for inflation and population growth?
Occam's Tool| 12.13.12 @ 8:56PM
Democrat take over of Congress in 2006 and subsequent exacerbation of Housing Bubble, DRed.
Much wealth destroyed by Fannie/Freddie/etc. Funny, I seem to recall Senator Obama supporting decreased monitoring of borrower viability.
Anthony| 12.11.12 @ 9:06AM
Of course tax rate cuts work. You have to have an I.Q. of a nat, or Purp, to think otherwise. History has proven this time and again, especially in the Reagan era.
The Muslim Marxist and the D party have been lying frauds for decades. With a corrupt media and a moron class of supporters, they have created a perfect storm to accomplish all of their Marxist agenda.
America is finished unless and until we reverse this course.
Jim Adcox| 12.11.12 @ 9:14AM
To paraphrase Gold Tooth from The Treasure of the Sierra Madre: "Facts? We don't need no facts. I don't have to show you no stinking facts!"
Since when has fact ever stood in the way of the tyrant intent on grabbing power, keeping power, using power as a weapon against the citizenry?
c. j. acworth| 12.11.12 @ 9:26AM
Not that it detracts from the point you make, Jim, but wasn't the bandit chieftan referred to as Gold HAT?
Jim Adcox| 12.11.12 @ 11:45AM
I stand corrected! Good catch of a misstatement of fact.
Drunken Sailor| 12.11.12 @ 9:59AM
Mr. Lord, You should also hat tip Mr. Thomas Sowell. He mentioned this last week, though he referenced page 411
http://spectator.org/archives/.....es-part-ii
TLP| 12.11.12 @ 1:27PM
I smell a Neil Kinnock/Joe Biden.
cicero| 12.11.12 @ 10:17AM
It all comes back to the same undeniable fact. This is a democracy. The only way that a democracy can last for any length of time is by maintaining a moral and educated citizenry. We have a young population that is neither. Look at t he demographics of the last election, and you have the answer to the current (and maybe future) course of this country. Ask any young adult who voted for Obama why he/she did so, and you will be flabergasted by the answer. They are hopelessly ignorant. And it is they who will pay the price.
They believe that the world began when they were born, and it will end when they die. On second thought, they don't realize that they will age and die. Foolishness is its own reward.
CrackerHound| 12.11.12 @ 10:31AM
I'm just under 50-years old cicero and before my time is up...I believe it will get REALLY interesting, and not in a good way. I feel for the younger folks who will have to go through the worst of it.
I have an awesome grandson and I find it difficult to not feel sadness when I think about his grown up world, but that is something that is out of my control.
Simon Templar| 12.11.12 @ 12:44PM
When he is a grown up, it will fall on his shoulders to do what is necessary to protect freedom and liberty like every generation, including our own. Perhaps through your influence, guidance, and teaching, he will be prepared to lead that new America revolution and return the nation to its founding principles. It will be up to him if he wants to live as a slave or a free man and live the values that you taught him.
Simon Templar| 12.11.12 @ 12:49PM
"..maintaining a moral and educated citizenry."
Excellent points. It seems obvious what WE must do, we have our work cut out for us.
Thomas Paine, dealt with the same in his time, a large segment of the population ignorant and morally confused on the issues of his day.
He did something about it. He did something not common for his time to reeducate that generation. That something changed the course of history.
TLP| 12.11.12 @ 1:28PM
Actually...........We're a Republic, Madame. If you can keep it.
JD| 12.11.12 @ 5:01PM
I think you overstate the morality and education of the older generation. Leftist tripe has been winning elections since FDR, and even earlier.
Occam's Tool| 12.13.12 @ 8:58PM
Cicero: my 9 year old son (who is Conservative) announced at age 3 that he was a Capitalist. As he is the Handsomest/Nicest Boy in the Universe (adopted by me, incidentally), there is hope.
Hardcard| 12.11.12 @ 3:58PM
I expect to me compensated in the contest according to my effort and expertise in respone to questions submitted. This is not considered by my to be a free-bee it's a quid pro quo.
cicero| 12.11.12 @ 4:33PM
TLP - We stopped being a republic sometime around the Jackson administration. Once they removed the property requirements for the franchise, it was a smooth slide down to the bottom of the hill - democracy. I don't think Franklin ever considered the possibility that the citizen/taxpayers would have been so foolish as to grant the franchise to non-taxpayers as quickly as they did. Now, all you have to do is "get out the vote" by promising the voting public the keys to the treasury in order to capture thee prize.
At least Ceasar only plundered Gaul to buy the consulship from the hoi poloi. Our pols plunder us for the same purpose, and with the same result.
Jack London| 12.11.12 @ 4:38PM
A desperate article from not even yesterday's man but the man that time forgot. The evidence of course shows conclusively that economic growth is not stimulated by cutting rich people's taxes; that doing so creates even more inequality; and that economic growth has been higher under Democrat presidents.
Russel| 12.11.12 @ 9:19PM
I'm no scholar when it comes to "economic growth has been higher under Democrat presidents. " . I'd have to refer to the guy ( Mr. know it all ) at either Cato or Heritage . What I DO know is what JFK did . And it was not your speculation .
gray man| 12.12.12 @ 2:19AM
russel,
Don't waste your time with jack london. His constant babbling of gibberish is the way he gets attention. I think it is OCD. It certainly isn't intelligent.
retired military bear| 12.16.12 @ 7:51AM
You don't have to be a scholar, just informed, and London is correct that our economy has grown faster under Democrats and higher taxes on the rich!
Occam's Tool| 12.13.12 @ 8:59PM
Aah, you mean the incredible improvement in the economy under FDR's idiotic tax policies that it took a genocidal world war to reverse?
sdfhlk | 12.12.12 @ 3:33AM
Merry Christmas
spike59| 12.12.12 @ 5:57AM
the bottom line is this: ObaMao doesnt' CARE what his policies do to revenues, the deficit, unemployment, the economy in general, the poor, the middle class, or anyone else EXCEPT the rich-he wants to 'punish them'...as for the fallout?
HE. DOES. NOT. CARE.
retired military bear| 12.16.12 @ 7:47AM
Interesting comment about Obama I guess in your view is a Commie, were you asleep during the times of 2001-2006 where the Republicans controlled DC completely, and grew the debt, grew the size of government, and created the Patriot Act which took away some of our liberties!
Marc Jeric| 12.13.12 @ 3:07AM
History repeats itself; here a number of rich capitalists support the marxist Obama in the hope he will not eat them up, at least not too soon.
retired military bear| 12.16.12 @ 7:53AM
As I said above, Obama a commie,(?) were you asleep during the times of 2001-2006 where the Republicans controlled DC completely, and grew the debt, grew the size of government, and created the Patriot Act which took away some of our liberties!
Occam's Tool| 12.13.12 @ 9:01PM
Marc: Obama supports an INCOME tax increase, not a wealth tax. Pulling up the drawbridge aids the already rich.
Nightwinger| 12.14.12 @ 1:53PM
Looking backward into the past leads to false comparisons with the present.
Rates have almost no meaning if nobody actually pays them. (See Romney tax returns @ 14%)
Reagan, Clinton & Bush were not dealing a massive real estate collapse like President Obama walked into.
If Republicans want to do something really bold, they should move to break up the big banks. Right now, only a handful of superlarge banks control HALF the wealth of the USA-----a risky and dangerous situation (too big to fail, etc.) which makes it seem like the U.S. hasn't learned much after the meltdown and may still be on the same track for another one.
Lord conveniently overlooks the rates during the Eisenhower administration which proves his analogy false.
retired military bear| 12.16.12 @ 7:42AM
Quite a delusional story!
Trickle down economics is a proven failure!
Sticking to strategies that are proven failures is a recipe for future failures, including elections!