Showing posts with label Voodoo Economics. Show all posts
Showing posts with label Voodoo Economics. Show all posts

Friday, May 22, 2009

Video: Thin Skinned Obama blasts Bush at Naval Academy Graduation and fails to take responsibility for his own decisions or lack of them



Sometimes it appears that Obama is still fighting the presidential election campaign of 2008. He loses no opportunity to snipe at the previous Bush administration. He seems to forget that he is already in power for five months. It is now time for him to take responsibility for decisions which he makes. Obama's spending plans will triple the national debt which he inherited from Bush. Obama and the Democrat controlled Congress have avoided the hard decisions on public expenditure.
His speech at the Naval Academy Graduation in Annapolis contains the following:
"When America strays from our values, it not only undermines the rule of law, it alienates us from our allies, it energizes our adversaries and it endangers our national security and the lives of our troops."
Here Obama is hammering his predecessor as usual. Perhaps he might care to define what he means by values. He has a selective approach to the term. He has strayed from American values with his support for the Culture of Death. He is a pro abortion extremist. Tripling the national debt is certainly not in accord with American values. It is Voodoo economics. Increasing the influenece of the State is at odds with the beliefs of most Americans who are certainly not Socialists.

Monday, August 18, 2008

Obama will cost you

This image summarises Obama's economic policy. His plans to double the tax on invested capital and to push up the top tax bracket to an effective 60%, will cripple the economy. His proposal to raise capital gains tax to 28% could trigger a stock market crash and will hit middle income earners very hard. He intends to increase spending by €1000 billion over four years. This is voodoo economics.

His policies of higher taxation and redistribution of wealth are akin to those of the French Communist Party. They are certainly to the left even of most European Socialist Parties. They are a recipe for economic stagnation and increased poverty. So deeply embedded are such policies in European countries such as France and Germany that conservative governments when elected to power can only tinker at the edges. To introduce the radical reform necessary is to court political destruction.
Will the American voters learn from the mistakes of their European friends?

Thursday, October 18, 2007

God Help The Middle Class if Hillary Clinton is elected President

Hillary Clinton is all things to all men. She has an Agenda For Working Families. There will be Retirement Security, Scientific Integrity and Innovation, a Health Choices Plan and a Progressive Economic Policy.
Each speech is tailored to suit the demands of her audience- a mish mash of generalisations, half-truths and aspirations. The US will become an economic Valhalla if Hillary is elected. A Socialist Utopia.

As a Socialist Hillary’s half-baked economic policies smack of Voodoo economics. "Hillarycare” in 1993/1994 is a graphic illustration of her incompetence. She will sharply increase the tax on capital gains from the current 15 percent to at least 25%. She will probably increase the tax rate on dividends by 100%. She refused to rule out a big increase in Social Security (FICA) taxes. The list goes on and on.....So far she has managed to skilfully conceal her plans for tax increases, which are built into her economic, and health policies. But for how long.

Bill Clinton promised big tax cuts to the middle class. They never materialised. The message to the Middle Class is clear: Beware of a Clinton Presidency. Hillary will attempt to buy you with your money.