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Wednesday, August 03, 2011

SOME QUESTIONS

"I'm just asking"

President Obama insists that when there's another budget deal that "everyone will have to chip in" and insists that means tax increases. Here's my question to you, President Obama: if "everyone" has to chip in, doesn't that include people who don't pay taxes? And if that's true, why wouldn't budget cuts be "chipping in" instead of cruelty to the poor and needy?

I mean, if you want everyone to sacrifice and contribute, then cutting the budget would do the same thing, right? So lets make a deal: for every dollar you want to raise by increasing taxes, cut the budget by that amount instead. That way the debt goes down, the government gets closer to its constitutional limits, and your goal of everyone suffering is accomplished, right? Because I know you'd suffer if the budget was cut and you couldn't raise taxes.

The left keeps using the talkign point about the Tea Party "holding the economy hostage." Their argument goes like this: because the Tea Party Movement refused to give in on tax increases and insisted on budget cuts, they were holding the economy hostage by not simply doing what they were told by Democrats.

So here's my question: if one side is holding the economy hostage by not giving in instantly and signing the first offering... isn't the other side doing the same thing when they refuse to give in?

President Obama keeps saying that he inherited a lousy economy, just like Reagan did from Carter. He did, but the similarities end there. Peter Kirsenow at National Review Online lays down the facts:
Reagan “inherited” a GDP rate of -3.2 percent. You inherited a GDP rate of -4.9 percent.
  • Two and a half years after Reagan took office, however, GDP was at 5.1 percent (and exploded to 9.3 percent the next quarter).

  • Two and a half years after you took office GDP growth is at 1.3 percent...
Reagan inherited an inflation rate of 11.8 percent. You inherited an inflation rate of 0.3 percent.
  • Two and a half years after Reagan took office inflation shrank to 2.46 percent.

  • Two and a half years after you took office inflation has risen to 3.56 percent.
Reagan inherited a national debt (adjusted for inflation) of $908 billion. You inherited a national debt of $10.1 trillion.
  • Two and a half years after Reagan took office, $390 billion more had been added to the national debt.

  • Two and a half years after you took office $4.4 trillion more has been added to the national debt.
Reagan inherited an unemployment rate of 7.5 percent. You inherited an unemployment rate of 7.3 percent.
  • Two and a half years after Reagan took office the unemployment rate was 9.4 percent, but fell to 7.6 percent within a few months and declined steadily thereafter to 5.3 percent.

  • Two and a half years after you took office the unemployment rate is 9.2 percent.
For more Reagan/Obama comparisons, check out this article by Mark Levin. Kirsenow and I have a few questions for the President:

-Reagan accomplished what he did by cutting taxes. Why do you want to raise them?
-Reagan beat a worse recession without a "stimulus" package. Most economists claim the "stimulus" did no good and may have made things worse. Why do you want another?
-By this point the recovery was well underway for Reagan and he demolished the hapless Walter Mondale in the biggest landslide election the US has ever seen. How will you avoid the reverse happening to you in 2012?

Inquiring minds want to know. Because you, sir, are no Ronald Reagan.

*UPDATE: Ace of Spades has another question: do you believe there is anyone in America who now wants to vote for President Obama that didn't 4 years ago?

1 Comments:

Anonymous Eric said...

No worries, the Super Congress is going to fix the problem! Under the spell of a rare bit of insomnia last night, I made the following xtranormal cartoon to help explain this amazing new legislative body to my fellow Americans: http://www.xtranormal.com/watch/12345615/super-congress

12:34 PM, August 03, 2011  

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