Sunday, October 12, 2008

Economists vs. Obama

Quoting the McCain-Palin web site
(I inserted the link):

“Today, McCain-Palin 2008 released the following statement signed by 100 distinguished and experienced economists at major American universities and research organizations, including five Nobel Prize winners Gary Becker, James Buchanan, Robert Mundell, Edward Prescott, and Vernon Smith. The economists explain why Barack Obama's proposals, including ‘misguided tax hikes,’ would ‘decrease the number of jobs in America.’ The prospects of such tax rate increases under Barack Obama are already harming the economy. The economists conclude that ‘Barack Obama's economic proposals are wrong for the American economy.’ The proposals ‘defy both economic reason and economic experience.’ ”
Click the image & read the rest:
Click the image & read the rest
Hat Tip to Ivin at Green Cool-Aid

Click here & read the IBD series titled “The Audacity of Socialism”.

Click here to learn more about Obama, the radical.

2 comments:

VH said...

Great read! Thanks for putting this up.

Ivin said...

SBVOR,

Thanks for the Hat Tip.

I want to add emphasis to the idea that while it may be a popular pitch for Obama to claim that he "won't raise taxes on anyone earning over $250,000," this amounts to tacit proof that he doesn't understand economics.

That's because people earning over $250,000 not only already pay a larger percentage of the earnings in taxes than anyone else, they are also the primary source of new jobs in the economy.

Why?

Because most small business earners claim the business income as personal income. That means the higher income brackets are largely dominated by small/medium size businesses who employ 1-20 employees. Taxing the high income earners is an indirect tax on all of their employees.

Who is really on your side?

~ Ivin
www.greencoolaid.blogspot.com

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