Tax Cuts, Liberty, the Constitution and Other Things ObamaCo. Couldn’t Possibly Understand.

So, recently, Barack Obama was running his mouth, again, and this is what came out:

There is a certain crowd in Washington who, for the last few decades, have said, let’s respond to this economic challenge with the same old tune. “The market will take care of everything,” they tell us. If we just cut more regulations and cut more taxes–especially for the wealthy–our economy will grow stronger. Sure, they say, there will be winners and losers. But if the winners do really well, then jobs and prosperity will eventually trickle down to everybody else. And, they argue, even if prosperity doesn’t trickle down, well, that’s the price of liberty.

Now, it’s a simple theory. And we have to admit, it’s one that speaks to our rugged individualism and our healthy skepticism of too much government. That’s in America’s DNA. And that theory fits well on a bumper sticker. (Laughter.) But here’s the problem: It doesn’t work. It has never worked. (Applause.) It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible postwar booms of the ’50s and ’60s. And it didn’t work when we tried it during the last decade. (Applause.) I mean, understand, it’s not as if we haven’t tried this theory.

http://www.forbes.com/sites/harrybinswanger/2013/12/31/obama-to-americans-you-dont-deserve-to-be-free/

Ok, I’ll address his garbage, point by point.

  • “There is a certain crowd in Washington who, for the last few decades, have said, let’s respond to this economic challenge with the same old tune. “The market will take care of everything,” they tell us.”  First off, I don’t recall anyone saying the Market will take care of “…everything…”, but the bottom line is that the federal government isn’t supposed to have it’s hands around the neck of the Free Market, then insult everybody by telling us it’s still the Free Market.  Constitutionally, the federal government has certain and specified enumerated powers, and market regulation isn’t really one of them.  If it is, then you should tell me. The Market is to be regulated by the people that have to deal with it the most:  the States and the People.  In fact, the 10th Amendment of the Constitution says:  “The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”  Nowhere does the Constitution give people like ObamaCo. the power to regulate the Market, but the States and the People can.  What kinds of harm has the federal government’s regulations done to the Free Market (and, by extension, the People), under Obama and Company?  

http://www.bankruptingamerica.org/dodd-frank-harms-businesses-and-consumers-regulation-watch/#.UsRysvRDvHc

http://www.latimes.com/opinion/commentary/la-oe-gelinas-dodd-frank-obamacare-20131108,0,4427653.story#axzz2pB8Jd62E

         Even left-wing idiots like the people at the LA Times are talking about how bad this unconstitutional law is, and how stupid it is,          as it really has no other purpose, than to harm people and businesses.  People like Obama (who really isn’t that smart) think                it’s everybody else that’s stupid, and therefore, can’t be trusted with governance.  If the states wish to impose this kind of stupid          legislation, that’s on them.  However, in a Constitutional business environment, businesses are free to take their business,                  elsewhere, and deal with States and People that actually want their business.  When States see their businesses drying up,                and literally getting up and walking away to other States, some people (not all) will see that as a message, and some people              will be getting recall notices, because they’re too stupid to open their eyes and face reality.  For someone that doesn’t believe in          the Invisible Hand of the Market, Obama sure believes in his visible hand, around the throat of the American People.

  • If we just cut more regulations and cut more taxes–especially for the wealthy–our economy will grow stronger. Sure, they say, there will be winners and losers. But if the winners do really well, then jobs and prosperity will eventually trickle down to everybody else. And, they argue, even if prosperity doesn’t trickle down, well, that’s the price of liberty.”  I just addressed a lot of this, but I will also say that Obama’s biggest problem with this concept – the concept of Constitutional government – is that he can’t personally pick the winners and losers (Remember this?  I’ll bet you don’t!:  http://hotair.com/archives/2008/02/12/obama-wants-to-define-patriot-corporations/).  That, and the last thing Obama should be regarded as an expert in, is Liberty. Obama seems to have a personal vendetta against allowing the American People to keep their own money.  He also, apparently, doesn’t even understand what tax cuts are.  He believes that tax cuts is the government giving people money.  What tax cuts really are is the federal government allowing people to keep more of their own money.  In fact, looking at this statement, Obama’s so ideologically driven, he can’t even make an argument, without trying to vilify people he doesn’t like, because he doesn’t like their politics (regardless of their political philosophies being proven to work, and his being proven to fail).  Let’s look at the dynamics of taxation and tax reduction, in what’s called the Laffer Curve:

https://www.youtube.com/watch?v=fIqyCpCPrvU

        One of Obama’s biggest problems is his rank dishonesty (he’s a seemingly pathological liar).  

        Like most leftists (all that I’ve met, actually), he dishonestly frames tax cuts as a stand-alone action, not discussing the fact that           there has to be government cuts, along with them.  For instance, I favor the return to a purely Constitutional tax code, which               leaves taxation solely on imposts, excises and duties.  No more income taxation, corporate taxation, luxury taxation, payroll                 taxation, capital gains taxation (a particular favorite of leftists, like Obama), etc.  This means we’d only be taxing things you buy,         things you export and things you import.

        PERIOD. 

        Another thing Obama and leftists have a fundamental inability to understand (unless it deals with their own pockets) is that                 business is in business to make money and turn a profit.  That’s it.  Nothing more, nothing less.  If you can’t do that, then you’re           a failure, like many other businesses in America, and across the world.  Now, this “trickle down” is very simple.  Businesses are           in business to get money, and if they can get more money, they’ll take it.  In some cases, this will require expansion of the                   business.  For instance, this could mean that to be able to remain effective and competitive, they may have to purchase a larger         facility to operate out of, completely, or have as a second site.  With this will come the costs of additional (possibly more                     expensive and sophisticated) equipment, and, last – but not least – more personnel.  

        PEOPLE.

        The business, in a Constitutional business environment, would only be paying taxes on what they purchased, in the form of a             MODEST excise tax.  Not a tax designed to punish them for their monetary success, forcing them to pay more, just because               they were more successful.  Taxation is the method the government should use to fund it’s CONSTITUTIONAL SERVICES AND         ACTIVITIES.  NOT as a slush fund for EXPANSION and PET PROJECTS. http://www.americanthinker.com/2011/08/why_obama_grows_government_and_creates_debt.html

        And while Obama’s complaining about being called a socialist, look at where his taxation policies originated from:

http://www.marxists.org/archive/marx/works/1848/communist-manifesto/ch02.htm

        Anyhow, back to the “trickle down”.  So with this hypothetical business and it’s fight to remain competitive (or even on top of it’s           market), it still has competition to deal with.  One way to retain your talent (employees) is to pay them commensurate with how             you value them.  Don’t pay them much, they can probably find someone that will.  However, the business that is freed of the               government over-taxation yolk has much more capital on hand; the same capital that they used to purchase property and                     equipment, and hire people, in the first place.  When paying higher (or even much) higher wages and salaries won’t hurt the               bottom line or endanger their market share, businesses will be more likely to break out that higher pay for their employees, since         they don’t have to worry about having to give it to the government.  Keeping it to themselves helps grow their company.  The               profits they make, make their business more successful and profitable.  The better they do, the more they can AFFORD to pay           employees.  THAT’S your “trickle down”.  And employees that have more money, are more likely to DO things with it, like, oh, for         instance, buy cars (notice how the car market sucks, right now), houses (notice how the housing market sucks, right now), go to         restaurants (and tip), go to movies, etc.  The increase in pay will create ripple effects that leftists and fiscal liberals just don’t               understand, or are just stupid enough to believe to be a bad thing.  (Nooo, you don’t want people to have more money.)  For the         government’s part, they’ll have to pare down operations to Constitutional levels.  No more unconstitutional agencies, bureaus,             commissions, etc.  This is called “living within your means”.  Everybody else has to do it, why shouldn’t government do it, too?             In Texas, Governor Rick Perry, after seeing the State government raking in more tax dollars than it should, did something                   Obama and fiscal leftists would NEVER do, and it made a lot of fiscal liberals VERY mad.

http://www.newsmax.com/Politics/rick-perry-return-taxes/2013/01/29/id/487872

        How dare he, right?  Like I said, tax cuts is a two part process.  It’s not just cutting taxes, but it’s cutting government.  Ronald               Reagan said that government will find a use for any overpayments it receives, and he was very right.  Now, with Obama’s                   assault on the USD, buying power is at an all time low.  How is this good for liberty?

http://pricedingold.com/2011/03/03/us-dollar-hits-new-all-time-low/

http://www.washingtontimes.com/news/2013/nov/13/bill-would-outlaw-us-dollar-russia/

http://www.safehaven.com/article/9430/opec-may-drop-dollar-for-euro

  • “Now, it’s a simple theory. And we have to admit, it’s one that speaks to our rugged individualism and our healthy skepticism of too much government. That’s in America’s DNA. And that theory fits well on a bumper sticker. (Laughter.) But here’s the problem: It doesn’t work. It has never worked. (Applause.) It didn’t work when it was tried in the decade before the Great Depression. It’s not what led to the incredible postwar booms of the ’50s and ’60s. And it didn’t work when we tried it during the last decade. (Applause.) I mean, understand, it’s not as if we haven’t tried this theory.”  Obama has worked diligently to make the American people more dependent on the federal government, and to overstep federal boundaries, in order to usurp State and personal powers.  This is what he thinks of individuality, and why he despises the concept of “rugged individualism”. Because, quite frankly, Obama’s the polar opposite of a rugged individual.  He doesn’t seem to understand (or just doesn’t want to admit) that people survived without illegal, unconstitutional federal social programs, before the Great Depression.  He doesn’t seem to understand that the booms of the WW2 and post WW2 era came not from government intrusion into the Market, but from government UNLEASHING the Free Market, and the Free Market doing what it’s supposed to do.

http://hotair.com/archives/2012/08/15/how-nice-were-stuck-in-the-weakest-economic-recovery-since-wwii/

        When the Second World War was won, a lot of businesses significantly downsized, but others, in an attempt to hold onto                     success, diversified.  Do you have any idea how many technologies we have, today, originated out of military technologies?  I’ll         bet Obama doesn’t. An example of the Free Market at work in designing cars is the Corvette Stingray, from General Motors.   An         example of the government dictating to the Free Market on what they should manufacture and produce is the Volt.  Both are               from Chevy, but I’m seeing some significant differences.  Hell, look at gas prices, since Obama got his hands around the throat           of the American economy (http://cnsnews.com/news/article/price-gallon-gas-96-under-obama).  But, let’s not forget who we’re             dealing with.  We’re dealing with people that think that unemployment checks are good for the economy.

   http://www.realclearpolitics.com/video/2010/12/02/nancy_pelosi_unemployment_benefits_creates_jobs.html

        And, they’re dumb enough to see a mass exodus from the work force as an economy in recovery.  

http://www.cnsnews.com/news/article/95-million-people-have-left-workforce-under-obama

        9.5 Million.  That’s 9,500,000 people.  That’s more than the population of New York, New York, and more than TEN TIMES the           population of the City of Detroit.  

http://www.washingtonpost.com/blogs/wonkblog/wp/2013/09/23/why-are-47-million-americans-on-food-stamps-its-the-recession-mostly/

        47 Million on food stamps.  The ENTIRE STATE OF CALIFORNIA DOESN’T HAVE THAT MANY PEOPLE (legally).

http://cnsnews.com/news/article/terence-p-jeffrey/10982920-more-americans-disability-people-greece

        10,982,920 PEOPLE ON DISABILITY.

        The facts are simple, people.  Reaganonomics works, Obamanomics, doesn’t. 

http://www.forbes.com/sites/peterferrara/2011/05/05/reaganomics-vs-obamanomics-facts-and-figures/

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~ by virusx on January 1, 2014.

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