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It seems not a day goes by that I don’t hear someone say the United States is a republic, not a democracy.

Oh really? Let me let you in on something. The definition of a democracy is a government “by the people.”

I understand where these people are coming from. Republic sounds like Republican and democracy sounds like Democrat.

Yes we are a Republic. We are also a democracy. Think about it. The USSR stood for United Soviet Socialist Republic. The USSR was a republic, but they were in no way a democracy.

Let’s take it even further back into history.

Federalists. Does that mean that the people of this party believed in large federal government? No. In fact, they were the exact opposite.

How about the Whigs? Does this mean the members of this party were more interested in their hair than they were in the advancement of the country?

Teddy Roosevelt started the Bull Moose Party. Does this mean they were more interested in animal rights than the good of the country?

Don’t even get me started on the Green Party.

Whether you want to believe it or not, the taxing of the rich only hurts the economy of this great country. Obama has focused on this for political reasons. He feels that so many people who struggle to get by blame the rich when it is the rich who create the jobs.

If Obama has his way and manages to hit the wealthy with with huge tax increases, then you can kiss new jobs goodbye. The wealthy are not going to lose money. They will make up their losses in the form of layoffs, hiring freezes and a host of other things such as taking their businesses offshore.

The president has pipe dreams of national health care when the whole idea makes no sense whatsoever. The actual law is so confusing that no one in the House and Senate have even read it.

It is unconstitutional, to say the least. You cannot make the American people pay for something that not only makes no sense but threatens the very fabric of what this country was founded on in the first place.

What this country needs is a big thinker who follows the Constitution and surrounds himself with people who can actually help him instead of a bunch of czars who are know-nothing, do-nothing imbeciles who are nothing more than yes men without one thread of common decency and integrity that just might be able to bring this country back from the brink of destruction.

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seenitB4
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seenitB4 08/07/12 - 04:36 am
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Thinkers

Tell me please....what name pops up when you say that.......the really smart people don't want the dang job...

Jane18
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Jane18 08/07/12 - 05:32 am
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The Last Paragraph

Very powerful and meaningful, John! I know one guy that description does NOT fit!

burninater
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burninater 08/07/12 - 07:49 am
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If Obama has his way and

If Obama has his way and manages to hit the wealthy with with huge tax increases, then you can kiss new jobs goodbye. The wealthy are not going to lose money. They will make up their losses in the form of layoffs, hiring freezes and a host of other things such as taking their businesses offshore.
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This is absurd. Cash reserves are not why businesses hire. Demand is. A businessman who needs soneone to run a cash register will hire one person to do it regardless of their after-tax profits.

We are in a time of record low taxes on wealth, and we have record layoffs, hiring freezes, and offshoring of business. We have a demand-side problem in this country, and it doesn't make a whiff of difference how much money a business-owner has in an offshore account.

TParty
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TParty 08/07/12 - 07:52 am
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About health care: 'It is

About health care: 'It is unconstitutional'. The Supreme Court said otherwise....

"You cannot make the American people pay for something that not only makes no sense but threatens the very fabric of what this country was founded on in the first place"

And yet the Iraq war was forced onto us, which we have to pay for.

"What this country needs is a big thinker who follows the Constitution"

Too bad the party could not get behind Ron Paul....

Techfan
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Techfan 08/07/12 - 08:06 am
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Taxes on the wealthy are the lowest they've been in 80 years

Taxes on the wealthy are the lowest they've been in 80 years. So, have there been no layoffs? No offshoring of jobs? No hiring freezes? The wealthy have been the only group that have seen real income increases since 1979 (279% from 1979-2007). Explain why this hasn't "trickled down" to everyone else? The truth is, this group has seen their income increase at the expense of everyone else. We have a presidential candidate that made millions offshoring jobs and closing businesses. He paid around 14% in taxes on income of over $20 million dollars (that is on the 2 years of returns he's released which, of course, reflect the highest percentage he's paid). The only way jobs will be created is if we stop destroying the middle class and get money back in the hands of the masses and not have it concentrated at the top. Venture capitalist Nick Hanauer(who made millions with Amazon) said it best:

"Rich people don't create jobs, nor do businesses, large or small. What does lead to more employment is a "circle of life" like feedback loop between customers and businesses. And only consumers can set in motion this virtuous cycle of increasing demand and hiring. In this sense, an ordinary middle-class consumer is far more of a job creator than a capitalist like me.....So when businesspeople take credit for creating jobs, it's a little like squirrels taking credit for creating evolution. In fact, it's the other way around."

harley_52
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harley_52 08/07/12 - 09:34 am
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"This is absurd....

Cash reserves are not why businesses hire. Demand is."

An absurd statement.

Demand is generally price dependent. If a widget costs too much to produce, demand usually declines. Costs are mainly a function of supply. As demand increases, supply generally increases to meet the demand, except in cases where availability is naturally constrained (like diamonds, or gold), or artificially constrained by some external force (like labor unions).

It's neither cash reserves, nor "demand" that motivates entrepreneurs, It's the expectation of PROFIT. I know, in the mind of a true "progressive," profit is evil. But, like it or not the expectation of profit drives most business decisions and almost all investment decisions.

Both "cash reserves" and "demand" are factors to be considered, but certainly not the drivers.

TParty
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TParty 08/07/12 - 09:44 am
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"But, like it or not the

"But, like it or not the expectation of profit drives most business decisions and almost all investment decisions."

This is very true. And hiring people is an expense.

dichotomy
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dichotomy 08/07/12 - 10:11 am
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Since we have so many experts

Since we have so many experts on the economy this morning I guess I can throw in my two cents.

Businesses hire when there is demand....that is correct. Unless they are uncertain about the future. Uncertain about huge tax increases. Uncertain about the cost of Obamacare. Uncertain about government regulation and environmental policies that make it harder and more expensive to do business here. And lastly, uncertain about demand. Obama and the Democrats are delivering UNCERTAINTY at unprecedented levels.

Demand is created by consumer confidence.....which is low. Why, because businesses are still not hiring. In fact, many are still laying off. The unemployment rate, after 4 years, is still actually climbing slowly again. We have a 15% (actual) unemployment rate. Consumers have no confidence that they will have a job and are not creating demand. They have no confidence because businesses, with all of the Obama/Democrat created UNCERTAINTY, are not hiring and are still laying off.

So yes, businesses hire because of demand but there are a lot of things that go into making demand and Obama and the Democrats are doing EVERYTHING that kills demand and creates uncertainty. Obama's tax policies, healthcare policies, environmental policies, and energy policies all come up to a big goose egg for business and the economy. Businesses know they are in big trouble if Obama and the Democrats win Cconsumers know that if Obama and the Democrats win there is a likelihood the layoffs will continue due to higher taxes and increased cost of Obamacare. With Obama still in office there is nothing, not one indicator, in the foreseeable future that things will get better and, for businesses, there is every indicator that things will get worse.

rmwhitley
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rmwhitley 08/07/12 - 10:11 am
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Some of these left-handed comments go beyond
Unpublished

the issue of sanity or insanity. When was the last time you saw a person from the hood creating LEGITIMATE jobs? Crimes are mostly committed by those without a high school education (80%). The only jobs created and taxed by "hood job creators" are policemen to shut them down. How many police jobs are out there? lefties want hardworking people to maintain and support people too lazy to do anything but suck the life"s blood from those who are willing to toil. lbj passed the civil rights act of 1964 and the voting rights act of 1965 to "help" people who would not and apparently still not take care of themselves. Low cost to free housing, ebt, medicare under the age of 65, ssi, aid for dependent children, busing systems, black entertainment t.v., naacp, sclc, southern poverty law center, congressional black caucus and etc.. There is still an almost 70% unwed mother rate in the hood, incarceration rate of almost 70% in the hood, less than 30% high school graduation rate in the hood etc.. As for the "gay" community, I personally don't care to see you make "love" in public, don't care a thing about your sexual inclinations as I expect you have have no desire to see me and my sexual proclivities. That's a PERSONAL thing! KEEP IT PERSONAL. Have a good day!

harley_52
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harley_52 08/07/12 - 10:31 am
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Demand...

...is NOT the driver. Profit is.

What would you expect DEMAND to be if Chevrolet decided to price Corvettes at $20/each? If Zales offered 1ct flawless diamonds for $10/each.

For most products, demand is elastic.

Entrepreneurs make decisions based mainly upon the expectation of profit. High corporate taxes (the highest in the world), mindless, constantly changing, and expensive government regulations, the unknown cost/effects of Obamacare, and a generally hostile government attitude toward businesses ALL impact on future PROFITS (or lack thereof) and that's why people are unwilling to invest their capital and/or hire more employees.

harley_52
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harley_52 08/07/12 - 11:08 am
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Let Me Add....

...none of this is a mystery. The Administration's hostile policies toward businesses are not coincidental, or accidental. These policies are conceived, implemented, and maintained with a purpose in mind.

The sooner people recognize what's going on (which is different from what's being said) the better our chances for survival.

omnomnom
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omnomnom 08/07/12 - 11:03 am
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i'll believe the rumor that

i'll believe the rumor that the rich create jobs when one one of Augusta's defunct mills is turned back into a dang mill and not some dang loft apartment shopping office complex. where are the millionaires of yesteryear? the classy ones. the group of 50 or whoever it was that ganged together and brought powerhouses like continental can here? now we have to pay some guy to pay companies like costco to locate here. HAH I say. HAH to this LTE.

harley_52
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harley_52 08/07/12 - 11:29 am
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And Back To Mr. Glover's Letter...

...we are a representative republic. Not a democracy. There is a difference.

As for the the parts of his letter that address the current Administration.... I agree completely.

harley_52
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harley_52 08/07/12 - 12:05 pm
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"i'll believe the rumor that the rich create jobs....

....when one one of Augusta's defunct mills is turned back into a dang mill and not some dang loft apartment shopping office complex. where are the millionaires of yesteryear?

There are plenty of millionaires around today, but none dumb enough to open a clothing mill in Augusta, GA. They'd lose their shirt :) because their costs of production would far exceed the prices consumers would be willing to pay for their products. Far cheaper alternatives are readily available as being produced in foreign countries, with foreign labor, by other current and future millionaires. You generally don't get to be a millionaire by being stupid.

Profit is what makes millionaires.

omnomnom
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omnomnom 08/07/12 - 12:20 pm
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so.. profit before

so.. profit before patriotism?
is this the same attitude that accepts CEO pay skyrocketing over the past 3 decades while hourly workers pay has flatlined or fallen over the same period?

there are still functional textile mills still in America. did those owners not get the memo to ship their jobs to southeast Asia for an extra .42 onb the margin?

did "free trade" really help America that much? We used to have tariffs instead of taxes.

inheritance also makes millionaires.

there are plenty of stupid millionaires. or at least i hear radio blowhards talking about them all the time

burninater
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burninater 08/07/12 - 12:30 pm
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Without demand, the most

Without demand, the most brilliant purveyor of the most brilliant widget will have sales, and profits, of nothing. Demand creates jobs.

Angie H
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Angie H 08/07/12 - 12:42 pm
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Without profit, the most

Without profit, the most brilliant purveyor of the most brilliant widget will not make that widget, regardless of the demand.

omnomnom
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omnomnom 08/07/12 - 01:18 pm
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out from left field

unless he has a passion for widget making and derives joy from his craft?

burninater
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burninater 08/07/12 - 01:18 pm
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Motivations differ, but for

Motivations differ, but for the most part you are correct, Angie. And again, without demand, there is no profit.

Little Lamb
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Little Lamb 08/07/12 - 01:19 pm
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Finally,

Finally we hear from a supply sider. Thank you, Angie for reminding us of the obvious. You are my kind of thinker.

Let us not forget that "demand" (the wishes and desires of humanity) is infinite. It takes someone willing to risk his/her fortune to gamble on creating a supply, and it takes commerce to establish the fair price.

Angie H
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Angie H 08/07/12 - 01:19 pm
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But it is not ALL about

But it is not ALL about demand. Economics is far more complicated than how idealists want to present it.

harley_52
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harley_52 08/07/12 - 01:35 pm
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"Without Demand....

....the most brilliant purveyor of the most brilliant widget will have sales, and profits, of nothing. Demand creates jobs."

Baloney.

There's plenty of demand for all manner of products at the "right" price. Producers won't produce widgets, regardless of demand, if they can't make a profit so doing. Unless, of course, government gets involved and uses taxpayer money to subsidize the operation as they have done so often under the Obama Administration.

Look no further than the Chevy Volt if you need more proof.

Think.....

burninater
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burninater 08/07/12 - 01:42 pm
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Yes, economics is far more

Yes, economics is far more complicated. The issue at hand started as the claim that wealth creates jobs. From multiple perspectives this claim doesn't hold up. On the individual business side, business owners don't hire on the basis of the level of their personal wealth. They hire on the basis of work that is needed to be done. This is a function of demand. On the large-scale economic side, the current recession follows 10 years of supply-side tax policy. In a complicated system, results are more indicative than predictions. The prediction that increased wealth at the upper income brackets would increase overall economic prosperity has been shown by the results of this policy to be incorrect. Now, it is simply being used as a political tool to increase the wealth of the very few at the expense of the health of the national economy.

Angie H
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Angie H 08/07/12 - 01:46 pm
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So the thing to do is tax the

So the thing to do is tax the wealthy to death for the health of the national economy. That will work.

David Parker
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David Parker 08/07/12 - 01:53 pm
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i got to feeling good about

i got to feeling good about myself so I figured it was about time come back to Earth.

The 1% does create jobs. They just don't create more one-percenters and that is precisely what the 99% want.

If you are in the lower/middle class, you are destined to either stay there forever, or risk it all and try to get a leg up. The 1% has the luxury of only risking what can be afforded in worse case scenarios (hedging). Sorry, but I'm getting in the trench with the guy that really puts it on the line. I can trust that person's motive and I can relate to them.

I know that it can't be 33.333% for upper, lower, middle but it SHOULDN'T be 1% for the most financially secure status. I just don't buy into the idea that only 1% of the population is capable of achieving this level.

burninater
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burninater 08/07/12 - 01:54 pm
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Producers won't produce

Producers won't produce widgets, regardless of demand, if they can't make a profit so doing.
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The pertinent question here is what do supply-side tax policies impact more: profit, or demand and subsequent job creation?

After a decade of supply-side tax policy, we have record corporate profits, and sustained moderate to high unemployment. The case that supply-side tax policy will create BOTH increased profits AND jobs is seriously flawed. The simplification of this case, that wealth creates jobs, simply does not hold up to that which has actually happened.

Angie H
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Angie H 08/07/12 - 01:57 pm
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So the "supply side tax

So the "supply side tax policy" is the only element we are going to look at? Not the regulations, new laws, etc? I guess that will simplify things.

burninater
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burninater 08/07/12 - 01:57 pm
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So the thing to do is tax the

So the thing to do is tax the wealthy to death for the health of the national economy. That will work.
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Angie, surely you recognize that there is a near-infinite difference between slight increases in top marginal tax rates and taxing the wealthy to death.

Angie H
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Angie H 08/07/12 - 01:59 pm
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Mr. Parker. Your statement

Mr. Parker. Your statement seems to require that you assume that the 1% were simply born there, that no one actually worked to get there.

It is also not the job of a "1 percenter" to create other 1percenters. It is YOUR OWN job to do that if that is what you desire.

Angie H
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Angie H 08/07/12 - 02:01 pm
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And I'm sure you realize that

And I'm sure you realize that if you raise taxes more here (nearly the highest corporate tax rate in the world) you will force those tax revenues to other countries. Something that hasn't always been an option, but due to the global market, it is now.

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