Obama the anti economic growth president

[dogtowner]

read

nice piece highlighting his efforts to kill prosperity here.

For several hundred years, a consensus developed in Western nations that economic growth – human progress – is a good thing. But now economic growth is under attack.

Economic growth has meant more jobs, higher incomes, more wealth and all the good things that become possible — a more comfortable life, better nutrition, better health care, more education, a cleaner environment, a secure retirement, a higher life expectancy and confidence that our children will be living even better.

In addition, when there is sustained progress, people gain greater peace of mind. They tend to become optimistic, more generous and tolerant. There’s more political stability, and democracies are more likely to flourish when, as John F. Kennedy famously remarked, “a rising tide lifts all boats.”

Yet President Obama has backed one anti-growth policy after another. His relentless class warfare rhetoric suggests he thinks growth is bad because some people have a lot more money than others. He might deny that he’s anti‑growth, but his actions speak louder than words.

During 2008 election campaign, he acknowledged that he favored capital gains tax hikes, even though the results would be less investment, less job creation and less capital gains tax revenue.
He had to have known that by draining hundreds of billions of dollars away from the private sector, then channeling the bulk of the money to government bureaucracies and government employee unions, his stimulus bill would mainly “save or create” government jobs, not private sector jobs.

 

[Cruella]

Well it depends on what his beliefs are. If he's just a socialist or a Marxist or something else. He has said he wants the rich to pay higher taxes to spread the wealth through bigger socialist programs. With the higher gas prices and I read this A.M. that inflation is now at 8%, that hurts the poor and middle class. Energy is also going to skyrocket with more coal operated power plants being shut down. (32)

If he's a true Marxist, then the process is to use socialism as a path from Capitalism to Communism. His health care bill will eventually destroy the medical insurance field and be a government run agency. If you look at England, 26% of their population work in the medical field. Of course that's where unions come in to run things. Doctors, hospitals, nurses and all other medical employees will esentially be paid by, and dictated to by this government agency through tax dollars. When it gets to the point that taxes can no longer sustain the burden, the state will have to come in and take over all forms of production.

Bernanke also put out another warning that our economy is in deep yogurt. Is that a QE3 signal to print more money?.... which is nothing more than higher inflation by lowering the value of the dollar. That just makes the cost of living go up even higher. We are in a big mess...this could go either way. If Obama stays in office, you can expect an economic collapse, and maybe that was the intention all along.

 

[dogtowner]

Well it depends on what his beliefs are. If he's just a socialist or a Marxist or something else. He has said he wants the rich to pay higher taxes to spread the wealth through bigger socialist programs. With the higher gas prices and I read this A.M. that inflation is now at 8%, that hurts the poor and middle class. Energy is also going to skyrocket with more coal operated power plants being shut down. (32)

If he's a true Marxist, then the process is to use socialism as a path from Capitalism to Communism. His health care bill will eventually destroy the medical insurance field and be a government run agency. If you look at England, 26% of their population work in the medical field. Of course that's where unions come in to run things. Doctors, hospitals, nurses and all other medical employees will esentially be paid by, and dictated to by this government agency through tax dollars. When it gets to the point that taxes can no longer sustain the burden, the state will have to come in and take over all forms of production.

Bernanke also put out another warning that our economy is in deep yogurt. Is that a QE3 signal to print more money?.... which is nothing more than higher inflation by lowering the value of the dollar. That just makes the cost of living go up even higher. We are in a big mess...this could go either way. If Obama stays in office, you can expect an economic collapse, and maybe that was the intention all along.

I don't think they see it as a collapse so much as a (relatively) bloodless revolution. And as all such revolutions go, its all about putting the power and the money in the hands of different set of people. In this case its all thjise brilliant folks who haven't the chops to earn it the old fashioned way.

 

[pocketfullofshells]

I forget whats the stock market at now? Whats the Nasteq at? how many months of strait private sector job gains have we have? and under who did the Stock market plummet? Under who did the Unemployment start going up at a rapid pace?

And who hates economic Growth?