This proves Barack Obama does not understand Economics.
After Mitt Romney carefully and precisely explained how tax cuts help businesses higher more employees, Barack Obama says,
"The fact is, if you are lowering the rates as described, Governor, it is not possible to come up with enough deductions and loopholes that only effect high-income individuals to avoid either raising the deficit or burdening the Middle Class. It's math. It's arithmetic."
You can find the quote at 16:53 here.
The Economy is not a zero sum game. One does not take a dollar out of here, and a dollar disappears. When a dollar is spent, it spreads through the economy and adds multiple dollars to the GDP as it works it's way through the nooks and crannies of business and consumers and finance.
DEDICATED TO EXPOSING DISINFORMATION AND PROPAGANDA AND TO PROMOTING UNIVERSAL HUMAN RIGHTS - WITH SHARP ANALYSIS AND BLUNT COMMENTARY. NO ADS. NO TIP-JAR. JUST THE TRUTH.
1 comment:
We need to see Obomber's school records as well as the college ones; something tells me they have been comprehensively trashed, like his knowledge of maths! He made a complete fool of himself with all that mumbo-jumbo total nonsense. It may fool obamabots but not intelligent people.
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