"ALL CAPS IN DEFENSE OF LIBERTY IS NO VICE."

Thursday, February 26, 2009

NYTIMES: OBAMA'S BUDGET A RADICAL DEPARTURE FROM HAYEK TO MARX


WELL IT'S BETWEEN THE LINES: NYTIMES:Obama’s Budget Plan Sweeps Away Reagan Ideas
The budget that President Obama proposed on Thursday is nothing less than an attempt to end a three-decade era of economic policy dominated by the ideas of Ronald Reagan and his supporters.

The Obama budget — a bold, even radical departure from recent history, wrapped in bureaucratic formality and
statistical tables — would sharply raise taxes on the rich, beyond where Bill Clinton had raised them.

It would reduce taxes for everyone else, to a lower point than they were under either Mr. Clinton or George W. Bush.

And it would lay the groundwork for sweeping changes in health care and education, among other areas.
THE LAST 30 YEARS WEREN'T DOMINATED BY REAGAN - OR THATCHER, BUT BY THEIR SOURCES: HAYEK AND MILTON FRIEDMAN.

OBAMA ISN'T BEGINNING A NEW ERA WITH NEW IDEAS; OBAMA IS REVERTING TO OLD AND DISCREDITED IDEAS: INCOME REDISTRIBUTION AND MARXISM.

IT WILL HAVE THE SAME RESULT HERE AS IT HAS EVERYWHERE ELSE: DISASTER.

AS IN RED CHINA AND THE USSR AND ZIMBABWE - ETC.

AND DON'T TELL ME GERMANY AND FRANCE AND SPAIN HAVE DONE WELL WITH IT:
  • DURING THE BUSH YEARS THEIR AVERAGE UNEMPLOYMENT WAS DOUBLE THE USA'S.
  • AND THEY HAVE MUCH WORSE BUDGET CRISES LOOMING THAN WE DO -
  • AND MUCH SOONER.
  • AND THE RICH EUROS ALL COME HERE FOR SCHOOL AND HEALTHCARE.
  • SO DON'T TELL ME ANY OF THAT EDUCATION AND HEALTHCARE CRAP, EITHER.

BESIDES: OBAMA DIDN'T RUN ON SOCIALISM; HE LIED ABOUT IT WHEN CALLED OUT ON IT BY JOE THE PLUMBER.

BESIDES TAXING THE RICH CAN'T WORK: THE TOP 2% DON'T EARN ENOUGH TO PAY FOR OBAMA'S SPENDING INCREASES.

THAT'S WHY THERE'S GONNA BE A HUGE BACKLASH AS HE TRIED TO ENFORCE IT.

WAIT AND SEE: 2010 IS GONNA MAKE 1994 LOOK LIKE A PICNIC FOR DEMS.

DISSENT ACCORDINGLY.

4 comments:

Bluegrass Pundit said...

Taxing the rich at 100% won't pay for Obama's budget. The Wall Street Journal has reported that taxing the rich at 100% won't pay for Obama's budget. Barack Obama promised not to raise taxes on anyone making under $250,000 per year. Where is he going to get the money? The numbers indicate Obama will need to take 100% of the income of everyone making over $75,000.

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