Tuesday, November 16, 2010
That'll stimulate the economy!
ne in ten out of work not enough? Then let's go for one in five.
Who needs jobs anyway?
Lame quack Duhmøcrat Schizoid of the House Ninny Peloser's genius economic theory is that the more people out of work, the more unemployment checks the government will be handing out. The more money the government borrows and/or prints to cover those checks, she sputters, the more, yes, the unemployed can spend to buy stuff. All with increasingly worthless currency, of course. But don't let that purposefully ignored fact get in the way of her
theory purely emotional appeal to the extremely gullible.
Besides, who cares how much actual economic stimulation President Kennedy, just to name one example, achieved by cutting tax rates "across the board, top to bottom"?
Today's Duhmøronic Party misleaders obviously don't.
- "It is a paradoxical truth," [President John F. Kennedy, in December 1962,] told the Economic Club of New York, "that tax rates are too high today and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now." What he had in mind, he said, was "an across-the-board, top-to-bottom cut in personal and corporate income taxes"....
Four months earlier, JFK had called high tax rates a danger to "the very essence of the progress of a free society." In his 1963 State of the Union message, his first priority was "the enactment this year of a substantial reduction and revision in federal income taxes." In the speech he was scheduled to deliver on Nov. 22, 1963, Kennedy planned to report proudly: "We have proposed a massive tax reduction, with particular benefits for small business."
It's now painfully clear Dodøcrats don't care the first thing about facts. Especially when nearly every one proves them and their so-called economic theories excruciatingly wrong.
- President Hoover dramatically increased tax rates in the 1930s and President Roosevelt compounded the damage by pushing marginal tax rates to more than 90 percent. Recognizing that high tax rates were hindering the economy, President Kennedy proposed across-the-board tax rate reductions that reduced the top tax rate from more than 90 percent down to 70 percent. What happened? Tax revenues climbed from $94 billion in 1961 to $153 billion in 1968, an increase of 62 percent (33 percent after adjusting for inflation).
In less than two months, the job creators and savers's taxes will increase. They'll have even less money then to create or save Jobs We Need™.
You do the math. Because members of the Depression Party, from the White House on down, can't — or, more likely, won't.
The only conclusion that fits all the facts is that Demøcommierat bastards must want more people unemployed. They must want more people dependent on government handouts. How else are these job killers going to get more and more of us to change from needing to be gainfully employed to having no hope of being anything other than permanent wards of the
state Dismalratic Party?
Their personal power, not what's in the best interests of the American people, is the only thing Demøcrooks can and ever will care about.
Labels: anti-America liberals (BIRM), dangerously incompetent liberals (BIRM), miserably failing liberals (BIRM), Obama kills more jobs, socialist injustice, spread the misery around, The Obama Depression
Comments (registered users)
Links to this post: