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2012-07-03 Economy

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Posted by Beavis 2012-07-03 00:00|| || Front Page|| [11124 views ] Top

#1 Mr. Obama's most recent statements reveal a strange disconnect from basic economic reality.

"Strange" to some possibly, but entirely in keeping with his goal of dissestablishment of The Tenth Amendment of the Constitution, of Federalism and the Republic.

"Strange" to some possibly, but entirely in keeping with former [Harvard University professor and Current Obama adminstration official Cass Sunstein, a leading advocate of delinking liberty and property rights - and President Obama's likely future nominee to the Surpreme Court.] Levin, "Liberty and Tyranny" March 2009.

Posted by Besoeker 2012-07-03 03:19|| 2012-07-03 03:19|| Front Page Top

#2 The reason everybody in Obama's circles believes in socialism is because they have achieved the socialist ideal: to each according to their needs---never mind ability; for themselves.
p.s. They also despise the suckers who pay for it.

Posted by g(r)omgoru 2012-07-03 05:22|| 2012-07-03 05:22|| Front Page Top

#3 The Champ studied poly sci in college. Poly sci is considered the bonehead curriculum among students. That said, he probably voted "Present" at his classes if he showed up at all. We don't know, he was never really vetted; his college records have not been available. At the time he was getting high with his Choom Gang and being cool. Not so sure that is not still going on. An economist or a capitalist he is not. He does not have a clue about creating jobs for others. He does not understand the U.S. economy. It is foreign to him. He is not about to read the Cliff Notes version of the "Wealth of Nations" or any other book between now and election time. When was the last time the media reported of him reading any books. Most other presidents had stories about them reading this book or that book. Bummer is too busy golfing, gloating, being narcissistic, and running for election. I would contend that he never stopped running for office--that's what he does. He is p!ss poor at governance in a Republic.

Posted by JohnQC 2012-07-03 07:59|| 2012-07-03 07:59|| Front Page Top

#4 You won't like all you read in the Wealth of Nations.
Adam Smith was a strong proponent of property (Land rent) based taxation.

Ground-rents are a still more proper subject of taxation than the rent of houses. A tax upon ground-rents would not raise the rents of houses. It would fall altogether upon the owner of the ground-rent, who acts always as a monopolist, and exacts the greatest rent which can be got for the use of his ground. More or less can be got for it according as the competitors happen to be richer or poorer, or can afford to gratify their fancy for a particular spot of ground at a greater or smaller expense. In every country the greatest number of rich competitors is in the capital, and it is there accordingly that the highest ground-rents are always to be found. As the wealth of those competitors would in no respect be increased by a tax upon ground-rents, they would not probably be disposed to pay more for the use of the ground. Whether the tax was to be advanced by the inhabitant, or by the owner of the ground, would be of little importance. The more the inhabitant was obliged to pay for the tax, the less he would incline to pay for the ground; so that the final payment of the tax would fall altogether upon the owner of the ground-rent.

Adam Smith , The Wealth of Nations, Book V, Chapter 2, Article I: Taxes upon the Rent of Houses

Posted by Bright Pebbles 2012-07-03 08:34|| 2012-07-03 08:34|| Front Page Top

#5 After "The Wealth of Nations", he should read Hayek's "Road to Serfdom".

Posted by eltoroverde 2012-07-03 09:19|| 2012-07-03 09:19|| Front Page Top

#6 Hayek is a good choice for the Champ's summer reading.

Posted by JohnQC 2012-07-03 09:57|| 2012-07-03 09:57|| Front Page Top

#7 The big dude on that show El Cinco, with a straight face said an increase in demand does not lead to an increase in price. Now, this lesson predates ECON101 and goes right back to the playground with kids auctioning gum and such.

Now gordo does not come across as a dummy but is one of them tru believers. It makes me believe the official playbook for business talking points is to just flat out lie to you and fish for enough ignorants and persuadables.

(to be fair, though I hardly watch the show, I had Bob in the head category but turns out he is at least part muppet with that just dipshit statement, way to blow you cred)

Posted by swksvolFF 2012-07-03 15:55|| 2012-07-03 15:55|| Front Page Top

#8 O should read and comprehend "Why Nations Fail." For a start.

Posted by Alaska Paul 2012-07-03 16:43|| 2012-07-03 16:43|| Front Page Top

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