Friday, March 6, 2009

Obama's Radicalism Is Killing the Dow

Quoting Michael J. Boskin, professor of economics at Stanford University
(I inserted the links):
“The illusion that Barack Obama will lead from the economic center has quickly come to an end.”

“Mr. Obama's $3.6 trillion budget blueprint, by his own admission, redefines the role of government in our economy and society… The budget more than doubles the national debt held by the public, adding more to the debt than all previous presidents -- from George Washington to George W. Bush -- combined.”

“Increasing the top tax rates on earnings to 39.6% and on capital gains and dividends to 20% will reduce incentives for our most productive citizens and small businesses to work, save and invest”

“As for energy policy, the president's cap-and-trade plan for CO2 would ensnare a vast network of covered sources, opening up countless opportunities for political manipulation, bureaucracy, or worse.”

“New and expanded refundable tax credits would raise the fraction of taxpayers paying no income taxes to almost 50% from 38%. This is potentially the most pernicious feature of the president's budget, because it would cement a permanent voting majority with no stake in controlling the cost of general government.”

“On the growth effects of a large expansion of government, the European social welfare states present a window on our potential future: standards of living permanently 30% lower than ours.”

Click the image & read the rest:
Click the image & read the rest
As Rush knows, if Obama succeeds, we ALL will fail!
Many Americans are coming to understand this.
Charles Krauthammer knows it.
David Brooks is FINALLY coming to understand it.
I knew it all along. And, I tried to warn you!
Now, it is probably too late. We’re SCREWED! For GOOD!
LBJ, in 1965, set us on the road to ruin.
Obama will finish us off that much faster.
We will NOT long survive Obama’s structural changes to our republic.
The American dream - it was nice will it lasted.

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