Obama sets table for economic disaster

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Where did the Obama administration learn about economics? Its members should try reading Thomas Sowell's Basic Economics.

Does Obama not realize that raising taxes on people making more than $250,000 a year will mean less jobs and higher prices? That, included with his out-of-control spending and blatant disregard for the U.S. Constitution?

Lewis Sinclair

North Augusta, S.C.

Comments

imdstuf

If you think he has an out-of-control spending problem and blatant disregard for the U.S. Constitution maybe he learned it from the last president.

Craig Spinks

Mr. Sinclair would do himself and AC LTTE readers by researching the biographies of Dr. Bernanke, Dr. Summers and Mr. Geithner before manifesting his ignorance in his first sentence as well as his ignorance and stupidity in his second.

constituent

I see your letter to the editor is short just like your brain. How many people you know in South Carolina that make more than 250.000.00 a year?

Motorman5039

Lewis Sinclair: You should be asking what economic class Bush and Cheney attended...In case you've been in a coma for the past eight years this train was already headed off track long before January 2009.And the tax rate on those making $250k will go up 3%, up to what it was before the Bush tax breaks for the wealthy...And where was your concern with the U.S. COnstitution when Bush went around it?? Matter of fact point to one instance where PBHO has shown a "blatant disregard" for the U.S. Constitution? It amazes me how some people try and turn a lie into the truth...PBHO taught Constitutional law, and I am curious why such a short brained LTE writer thinks just because you believe something that makes it true...Try READING the Constitution first and then understanding what would constitute a violation of it first before you go off throwing erroneous accusations..

Motorman5039

Constituent: There are six people in SC that make $250k a year...And all six of them work for the AC...

Bizarro

Actually Motorman Obama will allow judges to reset mortgages which is blatantly unconstitutional. Obama has been outspoken in his belief the Constitution is flawed. Translation:I don't believe in it because I'm a Marxist.

patriciathomas

imdstuf, does your post mean that since Bush did it O should too? Craig Spinks, are you saying the black man who has a record of successful economic policy and has been proven right at every turn should be ignored because he's stupid? justus4, now you hate black men because they're honest? Motorman, you agree with imdstuf? Two wrongs is better than one so the black man is stupid? Man, being a lefty sure is complicated. I guess hate of knowledge is all you really need.

paulstealmore_

For all the biotchers of mr sinclair, wait till your obomoron gets the carbon tax passed through his handlers, pelosi and Reed. Then your dumb azzes will see who is paying increased taxes.

Motorman5039

Bizarro: Not true, not true, and that is a projection on your behalf...But lets play porjecture: If PBHO did allow judges to reset mortgages, what article or part of the Constitution would that violate? Would not the fact that judges reset the mortages indicate the issue was part of the U.S. legal process, thus vetted by the fire of the legal process? Your example is like swiss cheese...Lastly, I said what part of the Constitution has he violated, not what you think/project he will violate...Don't put the cart before the horse...

paulstealmore_

Oh, and lets not forget taxing insurance benefits, oh that's right all you denigerators are probably on medicaid and won't have to worry about that one.

Motorman5039

paulstealmore: The Electric Company is on, go watch it...That is a show and topic on your educational level..btw, anyone who hurls insults and cusses just to get their pointless point across is in no position to call anyone dumb...

paulstealmore_

motormouth, cnn and msnbc are on--go watch them, obomoron biotch. Or better yet, go review your mantra---change! Looks like the bit dog is hollering, since I didn't mention any names in my posts.

Motorman5039

Illegal wiretapping, torture, suspending habeas corpus, monitoring conversations between military personnel and their spouses with no security or intelligence gathering concerns, those events and actions would constitute violating the U.S. Constitution...

Motorman5039

paulstealer: lol, actually I'm watching MSNBC and Fox, and CNN, flipping between the three...Perhaps if you tried educating yourself you would find a way of expressing yourself without cussing and embarassing yourself for the world to see..Your blood shouldn't boil so quickly, ease up or you will most certainly die a sad, obese and sickly man..

paulstealmore_

motormouth, want to throw some facts in with your 8:36 and back them with references? Again, bit and hollering.

disssman

Oh Lewis are you telling me that SB folks making over 25K are just going to quit the business as a show of defiance? I kinda doubt it because then they would be out of a job and on the unemployment list like many others. BTW higher prices would probably be the kiss of death to a S.B. and I am quite sure Mr. Sowell taught that in basic economics. Lastly you didn't say how the President was trashing the Constitution that he swore to uphold, maybe Rush will clue you in this week and you can tell us all about it in a letter next week. You should listen more carefully (like paulstealmore) to Rush so that you get the party line down better.

noway

Hello Lewis! Wake up! Obama came INTO an economic disaster, where the policies of the last eight years obviously didn't work. Do you NOT get it? Giving the rich a free pass the last eight years led to this huge mess. Obama is our only chance to get out of it, and no one should complain since your buddy bush got us all into this huge mess. But I guess you don't remember the last eight years and how it ended. WAKE UP!

Niko Mahs

Lewis Sinclair, you're no Sinclair Lewis! Go join the Limbaugh cult and become another dittohead (if you are not one already).

convertedsoutherner

Also remember the dims have been in control for over 2 years. geithner (the tax cheat) worked with the financial area during those 2 years. During 6 years the dow was high, gas prices low, and unemployment low. Now 'the annointed one' wants to take away the health insurance benefits of military personnel.

slippery 25

Economics is a tough subject to understand but I would more likely blame Congress before I would the President for the problems in the ecomony.

mad_max

Absolutely convertedsoutherner......Not only were they in charge the last 2 years...which caused people to stop buying stocks when they saw what was coming but also the Dims have much more responsibility for the crashed economy than the Bush administration. The economy plummetted for two reasons. The failure of Fannie and Freddie when people could not pay their mortgages and the sharp rise in fuel prices which caused food and everything else to go up and people could not pay their mortgages because they had to buy food and gas to go to work. The Dims have prevented us from developing our own energy which certainly added the sharp rise in fuel prices. They have obstructed the development of domestic energy in this country for years for the pie in the sky ideal eutopia of solar panels and batteries. And they obstructed Bush and McCain years before the crash when Senators (D) Franks and Dodds lied about the stability of Fannie and Freddie and prevented an investigation that would have exposed their mismanagement and incompetence as the Senators in charge of the committees that oversee these organizations and the fallacy of forcing banks to make loans in minority communities.

imdstuf

PT, I do not really believe Obama does it, but just wanted to throw a smart remark at the the writer. I do believe the ACES is aimed at the lowest common group of people. The ones that bash Obama and supported Bush even when he was proven to be a liar, are usually the least educated people in this nation.

ITDoc

And those of us who bashed Bush as well as are bashing Obowelmovement are the most ignored... not for much longer. Change you can believe in. Yet Obowelmovement continues the same "failed policies" and lies and not one of you sheep are upset. "Be careful what you wish for, you might just get it."

jedex6

The table was set long ago for economic disaster. While people who don't work do not deserve handouts, those who work certainly deserve a living wage. I wonder if the letter writer is aware that the current ratio of compensation of the average CEO to the average worker is about 275 to 1. Tax cuts under bush created not a single job, except those that went overseas. All the CEO's did with most of thier tax savings was line their own pockets, while a higher percentage of the tax burden was shifted to the poor and middle class. In addition, nonunionized workkers, who already recieve lousy pay, are being squeezed even more, forced to work overtime at regular pay rates, and seeing hours reduced, all so that CEO's and board members can continue to compensate themselves with multi-million dollar salaries and bonuses. The system is obscene, and Reaganomics, not Obama, created the setting for this entirely inhumane and outrageously inequitable set of circumstances. I believe it is responsible, to a large extent, for the mass shootings we have seen for the last twenty years. People are mad as hell and some disturbed individuals are not taking it anymore.

jack234

paulstealmore: do you always get upset when you are proven wrong and exposed to the world for what you are? 3 cheers for our Great President. What a change from what we had for eight years. HELLO! HELLO!

jack

If you think he has an out-of-control spending problem and blatant disregard for the U.S. Constitution maybe he learned it from the last president.
Posted by imdstuf on Tue Mar 17, 2009 2:15 AM....BimbObama has spent more in two months than government has in our entire history as a nation. Bush at least had something to show for his spending (other than the bailouts), as he kept you butt safe for eight years. I ain't so sure about the next 4 years, however in that we no longer have "enemny combatants" or a "war on terror" per BimbO Executive order.

jack

Motormouth says "And the tax rate on those making $250k will go up 3%, up to what it was before the Bush tax breaks for the wealthy.." I know the average DIMocRAT is less educated and therefore less well off financially, but I didn't know $30K was being "rich".
Taxes under Clinton 1999 Taxes under Bush 2008
Single making 30K - tax $8,400 Single making 30K - tax $4,500
Single making 50K - tax $14,0 Single making 50K - tax $12,500
Single making 75K - tax $23,250 Single making 75K - tax $18,750
Married making 60K - tax $16,800 Married making 60K - tax $9,000
Married making 75K - tax $21,000 Married making 75K - tax $18,750
Married making 125K - tax $38,750 Married making 125K - tax $31,250
I do love making fools of the likes of Motormouth and his ilk. That Tax breaks for the Rich lie is old, worn out and easily debunked.

jack

I see your letter to the editor is short just like your brain. How many people you know in South Carolina that make more than 250.000.00 a year?
Posted by constituent on Tue Mar 17, 2009 5:10 AM....Why do you DiMs make such fools of yourselves? If you want to see a few in SC that make over $250K a year, take a ride down to Hilton Head and Beaufort.

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