Barring a miracle, U.S. President Barack Obama – a Democrat – will seek reelection in 2012 against former U.S. Speaker Newt Gingrich, a “Republican.”
And while these candidates, their surrogates, the pundit class and the mainstream media will play up their “differences,” the reality is that Obama and Gingrich are eerily similar. In fact with the possible exception of former Massachusetts Gov. Mitt Romney, Republicans could scarcely have chosen a more “Obama-esque” nominee than Gingrich.
After all, both Gingrich and Obama have backed massive government overspending, socialized medicine programs, amnesty for illegal immigrants, radical climate change legislation and a host of other left-wing agenda items. Not only that … both are demonstrated failures as leaders, Gingrich betraying the “Republican Revolution” in 1994 and Obama failing to deliver on either “hope” or “change” after his historic 2008 victory.
Accordingly, can either of these two men be trusted to do the heavy lifting that’s required if our nation is to reclaim its rightful role as leader of the free world (or reclaim its own lost free market)?
In a word, “no.”
As is stands now, the federal government is more than $15 trillion in debt. In fact it owes more money than the value of goods and services that it produces each year – a truly frightening thought. Even worse, Washington D.C. is showing no sign of reducing its dependence on deficit spending – and neither party seems willing to chip away at the mountain of debt that both parties have accumulated.
In 2006 and 2008 Republicans got beat because they spent money like drunken sailors and refused to hold themselves accountable … while in 2010 Democrats got beat for precisely the same reason.
How is it, then, that in 2012 voters are on the verge of having to choose between Obama and Gingrich?
It’s downright depressing isn’t it?
Make no mistake … America will not survive the outcome of such a choice. This nation will not make it through four more years of Obama … nor can it endure another “Republican in Name Only” president.
“With the possible exception of former president George W. Bush, no one has done more damage to the ‘Republican’ brand over the last quarter century,” we wrote recently of Gingrich.
We’re not alone in thinking that … and yet with less than a month to go before Republicans begin casting their ballots, Gingrich has what appears to be an insurmountable lead in three of the first four states to vote.
Amazing …
The fact that a demonstrated GOP sellout is the only option available to voters after 12 years of bipartisan failure is a testament to the ideological bankruptcy of the Republican Party – and the clearest evidence yet that the only way this nation will ever move forward is through an overturning over our two-party kleptocracy.
***
By Common Sense December 12, 2011 at 5:21 pm
like choosing which pile of dog crap to step into..neither is an appealing choice.
By RINO December 12, 2011 at 5:30 pm
Trump said on “The View” this morning that he will run as a 3rd Party candidate if the Republican nominee is not to his liking.
By Trump said that? LMAO! December 13, 2011 at 9:35 am
Trump said that? LMAO!
By Happy reader December 12, 2011 at 5:45 pm
Good. If it’s between Gingrich and Obama, Obama will win. Even I will vote for Obama. What did they call Gingrich … “gridlock Gingrich?”
By snodgrass December 12, 2011 at 5:49 pm
Those responsible for this mess won’t be found in either party, they’ll be found in the mirror. This is what becomes of a country when citizens spend more time keeping up with reality television than the reality around them.
“One of the penalties for refusing to participate in politics is that you end up being governed by your inferiors.” – Plato
By ceilidh10 December 13, 2011 at 9:52 am
don’t forget the one that says that government and politicians are only as good as the people who elect them.
you get what you deserve, or vote for. look no further than haley. dumbass guvner, dumbass electorate.
i am proud i did not vote for the mophead…..yet i have to live under her crappy leadership
By Conservative New Supporter December 13, 2011 at 7:58 pm
Ah yes, a good round of “let’s blame ourselves” for the corrupt and insane politicians that get elected.
I agree that “we” are to blame…but there is no “answer”…the pols are the wolves and sheeple listen intently, just hoping that one wolf won’t eat them.
lol….the sooner everyone wakes up to Mencken’s reality the better…maybe on to a new experiment because obviously this one’s failed.
My fav though was more recent, Friedman in response to Donahue, ever the gov’t champion:
“Is it really true that political self-interest is nobler somehow than economic self-interest? …I think you’re taking a lot of things for granted. Just tell me where in the world you find these angels who are going to organize society for us?”
The answer was supposed to be “elections”…hahaha
By Mr. Dixie December 12, 2011 at 5:50 pm
If Trump ran as a 3rd party candidate, Obama and the Democrats would not have to spend a penny to win the election. The only chance, if you can call it that, is if every Republican and Tea Party nut job pulls the same lever.
If I were a Republican I wouldn’t worry about the presidency so much. No, I would be worrying about the Senate and the House … and Wisconsin.
By Rodeo Clown December 12, 2011 at 5:51 pm
Drudge just posted that Glenn Beck said he’d vote 3rd party for Ron Paul over Newt on the GOP/formerly conservative ticket.
LMAO!
The fake/establishment conservatives are having a cow right now, it’s great to watch. Even George Will admitted that RP is throwing a monkey wrench in the works.
Good I say. Decades of idealogical creep and throwing the taxpayer under bus by the GOP in collusion with the Dems should result in their destruction.
I’m more than happy to vote for a real conservative via 3rd party. It’s the lack of commitment to conservative principles that’s helped to get us where we are and “ABO” isn’t a platform to be proud of.
Frankly, I think there’s more than enough dissatisfied people on both sides of the aisle to vote for RP and win the whole enchilada…we certainly know that Trump isn’t gonna bring people together.
By BigT December 12, 2011 at 5:58 pm
Glenn Beck is a Whacked-out, end-of-the-world, idiot who gives people too much specific advice and detail on how to live their lives…
He is losing audience bigtime, and trying to prop-up a pay-go TV scam…because he got fired by Fox, and his radio show is tanking over the doom-and-gloom food insurance Kooks…and the black helicopters…
Beck hates Newt because Newt is not a Mormon (like him) and Romney….
Ron Paul and Beck are perfect for each other…
By Rodeo Clown December 12, 2011 at 6:03 pm
Aside from all the factual errors I’ve stopped correcting you on long ago, does this make you “in the bag” for Newt? Shall we call it your next prediction?
Or will you be pulling the lever for Willard?
By BigT December 12, 2011 at 5:53 pm
Conservatives are what most of the country is…and that is who needs to get a shot, finally…and I think we may this time…
Liberals and Libertarians, democrats and Rinos, have banded together, and gave us this mess.
And FITS, You are EXACTLY the problem.
The middle-road, pop culture, Dumbasses will go along w/ the leftists, who are failing and destroying the country…and that gives us this DOLT called Obama…
If you really want to help, support the Conservative for a change….or STFU….
By Rodeo Clown December 12, 2011 at 6:07 pm
My favorite conservative points with Newt include the 418 bills he co-sponsered with Pelosi and the $1.6 million he received in “consulting fees”.
In a stroke of briliance he managed to consult them into a taxpayer funded bailout, which HE VOTED FOR!
Yay for conservative Newt!
Although I have to admit that I do secretly yearn to live conservatively in my personal life by trading in my wife every 20 years for a new/younger one.
Which conservative principles of Newt’s do you like Big T?
By Conservative Newt Supporter December 12, 2011 at 6:41 pm
My favorite Newt conservative points include his support for a single payer Health care mandate, a la “Obamacare” and then his support for “cap and trade”:
“I think if you have mandatory carbon caps combined with a trading system, much like we did with sulfur, and if you have a tax-incentive program for investing in the solutions, that there’s a package there that’s very, very good. And frankly, it’s something I would strongly support.”
Although Newt’s recently claimed he never supported his conservative position on “cap and trade”.
Speaking as a conservative, I’m really disappointed with that.
By Rodeo Clown December 12, 2011 at 5:53 pm
btw, “Fat Lazarus” is a damn funny name for Snewt GinGRINCH. Good one Will.
By Cid December 12, 2011 at 6:32 pm
“t” is a typical “conservative”
They fall for any idiot that mouths off all that stuff they are always yakking about
He COULDN’T CARE LESS about deficit spending
When “conservative”George W was busting the budget
Where was “t?”
Newt talks the talk
So he is for him
By BigT December 12, 2011 at 6:34 pm
Look at the Unemployment Rate, look at the housing market and inflation and consumer confidence…
People fear Obama-Scare and the government…Yet you have Major Dumbasses, like FITS, attacking the remedy…
To support anyone other than the Conservatve makes you STUPID….
PS: The FITS that you idiots worship took a government-paid job w/ Sanford who campaigned as a Conservative. Then FITS told Lee Bandy at the State newspaper (on record) that he would just as soon work for failed democrat Jim Hodges as the self-procalimed Conservative…Just because this lying POS wanted the pop culture dolts to like him…
Now you people are sucking this Idiot off because he’s trying to lead us back to 4 more years of Obama…
You all need your Dumb-Asses kicked. You have no idea what America is…and you’re so GD Stupid you don’t deserve the benefits of it…
And Sadly, because you’re so damed IGNORANT, and follow this bona-fide dip$#!t, we have to pay for your STUPIDITY…
By Trump said that? LMAO! December 13, 2011 at 9:39 am
“You all need your Dumb-Asses kicked. You have no idea what America is…and you’re so GD Stupid you don’t deserve the benefits of it…
And Sadly, because you’re so damed IGNORANT, and follow this bona-fide dip$#!t, we have to pay for your STUPIDITY…”
Get the F out of my country. who is this “we” you keep referring to? F you and all your ancestors….
By Cid December 12, 2011 at 6:43 pm
To imply that everyone here is “led” by Fits
Shows just how DUMB you are really are “t”
By BigT December 12, 2011 at 6:53 pm
Sorry Cid: I was trying to give you an excuse…
If you come of w/ so much Stupid S#!T on your own, you’re even a bigger Dumbass than once thought…
Again: If you are so GD selfish that you will lead us to 4 more years of Obama you need a good ass-whoopin, on ignorance alone…
FITS shilled for Sanford, in a GOVERNMENT-PAID job….and you’re going to join the camp that he is in????
By Facrebel December 12, 2011 at 6:59 pm
Best news I got in a long time – you can count on Newt making some outlandish statement he will disqualify himself with. Romney is not electable as a Mormon. I got really worried when Bachmann, Perry and Cain tanked so fast – they were my dream team to ensure a second Obama term…go cocks!
By Facrebel December 12, 2011 at 7:02 pm
For you tea baggers and ‘let-me-cheat-only-wife-but-God-forgives-me” conservatives:
It’s not the third way ….it’s the turd way you are headed for…
By political hack December 12, 2011 at 7:03 pm
Here is how Obama gets elected: we go to war with Iran and through the protests of the American citizens martial law is declared and we are sent back to wartime USA like the 40s. Obama will ride the FDResque wartime platform to power, if not even envoking some unconstitutional executive power written into the Patriot Act allowing him to suspend elections in the event of national crisis. By the way, we are amassing troops on the border of Syria, and Syria and Iran have a defense treaty they signed in 2006.
By BigT December 12, 2011 at 7:18 pm
Don’t you think we’d have a better shot at going to jihad WITH Iran, with Obama as the president????
He’s already moved to secure Sharia Law in Libya and Egypt, w/ more to come….
Iran is likely on the list for Obama to make more of a Islamic Theocracy at some point…
By Common Sense December 12, 2011 at 7:41 pm
truly the stupidest statments of the day above..honestly T you say you have been writing this drivel for over 14 years..14 years of being the laughing stock of whatever website you infest at the moment but with all of that unpaid experience..even my 8 year old nephew knows that Iran IS an Islamic theocracy!! newsflash tiny turd..newsflash! and Iran didnt become an Islamic Theocracy because Obama was elected but somehow in your dimwitted mind you will try and make the connection..nor did Obama launch some secret plot to turn Egypt and Libya into one either..but go ahead and keep making up shit..has never stopped you before. take off the tin foil hat, tell your mom your going outside and go for a long walk as the crazies are taking over again in your little mind..
By Left-on December 12, 2011 at 7:09 pm
And they made fun of you facrebel because you teach history at USC !!!
Lmao – they’ll get a history teacher as a candidate whose only goal is to show that he is the smartest guy in the room – and I agree that will be his downfall. He can’t help it when his little ‘rage sensors’ get triggered…. Oh those are going to be fun debates….Obama can just sit there and wait for the ‘spontaneous combustion’ to take place!
By Cid December 12, 2011 at 7:10 pm
I repeat
Being branded a “dumbass” by the likes of a fraud like you “t”
Is a badge of honor I proudly wear
By Trump said that? LMAO! December 13, 2011 at 9:42 am
What does “BigT” mean, anyway? Ever notice how dipschits like this guy always have “big” in their ID? Ever think that might be because down in their junk, “big” isn’t big?
:)
By Facrebel December 12, 2011 at 7:16 pm
Yup left-on I can’t wait to discus the debates in my class. History in the making….
The European crisis is going to increase the value of the dollar just enough to help exports without hurting our European imports. Unemployment numbers will slowly trickle down, enough to see a trend and allow for another stimulus. Infrastructure and education need to be the winners….I see light at the end of the tunnel…
By Conservative Newt Supporter December 12, 2011 at 7:23 pm
The light at the end of tunnel may be that of an oncoming train, but it’s all good. Our debt doesn’t matter, “we owe it all to ourselves”…lol
By Facrebel December 12, 2011 at 8:31 pm
What conservatives don’t understand is that there is no way back to the fifties.
In the short term you have to keep an economy on life support until you can change it’s fundamental structures from short term casino capitalism to a sustainable market whichfactors in values( hear hear!) such as the environment, social equity and fiscal sanity. It’s Bush’s “ownership society”, two off budget wars of which one was not necessary and finacial pirates which exploited deregulation that got us here.
The US could, in view of europe’s problems and China’s structural crisis come out ofnthis winning. But shooting yourself in the foot and not investing in infrastructure and education is the worse thing you can do.
research and the development of technologies is more important than a standing military – look at how war is fought – with drones, cyber intelligence and targeted police actions undertaken by special forces.
It’s all technology and if we leave it up to the tea baggers we will no longer be at the leading edge of r and d.
You wanna live in a declining Empire? I don’t ! Invest in technology, education and infrastructure, create the best manufacturing and knowledge work force, let anybody with a PhD or MD enter this country and create wealth and taxes to afford future investments.
From the greatest generation to conservatives-in-name-only, since the one thing that will not be conserved is the US of A.
By Conservative Newt Supporter December 12, 2011 at 9:42 pm
You believe the mantle of civilization and fountainhead of innovaton/technology stems from gov’t.
You’ll be proven wrong, as history has demonstrated over and over again.
By Crooner December 13, 2011 at 11:15 am
Really?? Let’s discuss how America’s push to reach the moon furthered technology.
By Conservative Newt Supporter December 13, 2011 at 11:31 am
The issue is not whether gov’t can buy the talent(with other people’s money) to accomplish things. The question is WHERE the accomplishments come from, and even more deeply, if they would come about faster/better with no gov’t involvement and low/no taxes so private organizations/people could afford more on R&D.
I happen to believe the latter.
If you want to say the moon landing and the money spent justifies the model feel free. You’ll also have to explain the Chevy Volt, or more locally the “hydrogen” economy, etc. et al….I could go on all day with the gov’t subsidized failures in innovation.
The failure itself is not the issue, it’s the morality of taking other peoples money, or more specifically taking the money from SUCCESSIVE PEOPLE & COMPANIES(like Apple) born of the crucible of market competition and giving it to bloated bureaucracies.
ANYONE can be successful when you throw enough money at something(even gov’t), the question is always “Is there a better way”.
By Jan December 13, 2011 at 2:42 pm
How do you figure Apple. Arn’t they perhaps the prime example of how goverment and private industry can work together to spread technology to the masses?
Where would Apple be if the government had not expended the money to develope the internet?
Where would Apple be if all those high schools and colleges had not expended public money to buy Apple computers for their school class rooms, while everyone in business was buying PCs.
By Conservative New Supporter December 13, 2011 at 7:51 pm
“Arn’t they perhaps the prime example of how goverment and private industry can work together to spread technology to the masses?”
Aside from the direct answer “no”, the full realization of what you are dreaming for is called “fascism”.
“Where would Apple be if the government had not expended the money to develope the internet?”
We know the answer to that, they were successful BEFORE the development of the internet. Second, the “gov’t” didn’t develop the internet, people did, hired by the gov’t.
“Where would Apple be if all those high schools and colleges had not expended public money to buy Apple computers for their school class rooms, while everyone in business was buying PCs.”
I guess somewhere along the line you forgot the dominance of Apple in the advertising, publishing, and photography industries in its early life.
Gov’t is a means, not the “end all be all”. Further, I posit that it’s not an efficient or fair means. History has shown it true and we live it every day, corruption after corruption.
At least business is forced to give good service over time or fail…not so with gov’t obviously.
By Facrebel December 12, 2011 at 9:59 pm
Without strengthening public education and research there will be no adequately skilled workforce and many inventions and innovations are university based. The private sector has abandoned basic research due to enormous pressure on short term gains.
The best private and public universities have created enormous wealth for this country, the. Geeks won world war II for the US as well as the cold war. Were does the science and much of the military technology come from? Basic research! You want to cut that? That’s undermining the strength and global political power of the US. Power comes from the most sophisticated weapons ( ie the best physicists and engineers), the best intelligence ( ie cyber infrastructure and modern network computing) and carefully crafted diplomacy ( ie people who know who the president of beki bekibekistan is!).
All that you want to cut down so that it fits in a bath tube and you can drain it?…
Now that’s a road to serfdom I do not want to take!
By Confucius December 12, 2011 at 11:07 pm
Confucius say, “Professor in university think his salary should be funded whether he matters or not. No soup/free market for you!”
Since you love to defend gov’t research via the war machine, let’s examine the man that most typifies your argument, Einstein:
Einstein said to his old friend, Linus Pauling, “I made one great mistake in my life — when I signed the letter to President Roosevelt recommending that atom bombs be made”
and
“What makes the new arrival devoted to this country is the democratic trait among the people. No one humbles himself before another person or class. . . American youth has the good fortune not to have its outlook troubled by outworn traditions.”
and we all know what INSTITUTIONS he was referring to…
“The best private and public universities have created enormous wealth for this country.”
EXACTLY, but you can stop at the first and be fine, and not have to spend taxpayer money…which obviously directly contradicts your next sentence:
“The private sector has abandoned basic research due to enormous pressure on short term gains.”
Partially correct. In one sentence you’ve destroyed your entire argument.
I’m so glad I’m not some poor student sitting in your “history” class.
I wonder if you contradict yourself all day or just now and then.
By political hack December 13, 2011 at 12:07 am
“now that’s a road to serfdom I don’t want to take!”
Hayek and Keynes were probably pulling a Sandusky on kids in North Africa together. Hayek may have be honest in his views regarding the central planned economies giving him Austrianesque qualities but he professed his admiration for Keynes’ General Theory and was no Austrian ideologue. Apologists should recognize their own supporters.
By Mike at the Beach December 13, 2011 at 1:23 am
This whole thing is based upon a mid-December assumption that Newt is the guy…which is silly. “The guy” may change once or twice again between now and show time.
By Joe r December 13, 2011 at 6:17 am
Confucius
public universities create wealth
the private sector is short sighted and only out for short term gain
you little sophist!
financial institutions are unregulated and without political mandate.
They have usurped the political process in the US and partially in Europe.
Short enough sentences for you to digest?
The private sector will not get you out of this mess bur continue to look for short term profit to survive.
The US will decline by unilateraly disarming it’s government.
By For Moron December 13, 2011 at 9:42 am
“financial institutions are unregulated”
lol…really? First, depending on the type of institution they are regulated by the SEC, FINRA, and the Federal Reserve/FDIC not to mention a host of others…especially if you include Fannie Mae & Freddie Mac.
Seriously, what planet do you live on?
“without political mandate”
There was a law passe for each agency above at each step.
You are unbelievable.
Just when I thought the cloistered university history professor was spinning reality you come along. Maybe you two can hold class together and expound on how you’d like the world to run rather than reality.
Go away douche.
By BigT December 13, 2011 at 8:12 am
Nickname for Obama:
MISERABLE UN-AMERICAN FAILURE….
Got a nice ring to it…doesn’t it???
By Bogart December 13, 2011 at 8:30 am
Newt Gingrish is just nasty.
By BigT December 13, 2011 at 8:46 am
And the economy Obama gave us is TEN TIMES Nastier…
Whoever the Republican Primary Voters pick…CANNOT, I REPEAT: CANNOT be, even a fraction as bad, as Obama…
Obama hates Oil, Clean-burning coal and Nuclear. He hates producers, earners and the acheivers…yet, as un-accomplished as Obama is personally, he spend the money others make w/ sickening GREED…
He has crippled us w/ regulation and pious and self-righteous liberal theology….
Obama even worse, vacations, plays golf and tells us to suck off, while his economy stifles the enrichment of our familes…
Obama has reached in and taken a hunk of our Soul…Americans have tolerated harmful people and incompetence before, but we respond viciously at some point…
We can go longer under Oppressive Liberal Rule…
To tout Obama is against the good nature of our country…he must be de-elected….Everything else, the muddy water from FITS and his Minions, is meaningless.
By Common Sense December 13, 2011 at 9:42 am
Crazy much? 14 years writing this crap and this all you can come up with ranting pile of crap that has no meaning in regards to he article above or what others are writing. 14 pathetic years writing on websites for free and humiliation..go big t…laughing my ass of at you…loudly..
By ceilidh10 December 13, 2011 at 9:58 am
Obama is the one to beat, you angry Republicans. He killed Osama bin Laden. What have the Republicans done lately???? Nuttin’ hunny.
By Joe r December 13, 2011 at 10:36 am
Hey For Moron
what’s free market about a bailout
financial institutions want to make private profit but be bailed out with public money- is that the free market?
If hedge funds can loose a billion ie Corzine, you call that regulation?
The principal mandate of government was never extended to financial institutions. Their actions however undermine government and usurp political power.
Who but Madoff went to
prison ?
Maybe you join by class and learn a bit?
By For Moron December 13, 2011 at 11:19 am
“what’s free market about a bailout”
Did I ever say we have a free market? Who decided to bail them out? Gov’t, that’s who.
“If hedge funds can loose a billion ie Corzine, you call that regulation?”
What I call it doesn’t matter, what matters is that “regulation” was in place-it simply didn’t work. The carrot you pie in the sky “gov’t is great” types dangle is the ongoing “improvement” in central planning/regulation. It never works.
We are always just one more regulation away from “success” in making the market work right(whatever that is). It’s a total fallacy, proven over and over again throughout history, just like it’s being proven daily now.
“The principal mandate of government was never extended to financial institutions.”
Well now, we might be getting someplace. Tell that to all your buddies that control the money supply, ergo the banks, and then proceed to fail at regulating it.
Why would ever ever step foot in a class filled with the nonsense you spout? I feel so sorry for your students.
Maybe I should start a class so you and your students can attend.
By Naive December 13, 2011 at 10:50 am
Fits- could you use another expression other than a “Third Way?” It gives off Communitarianism on the road to Socialism vibes. Old man Bush, Clinton, and their New World order compatriots were big proponents of this slide from free market Capitalism into Distributism. My pardon, if that was exactly your intent.
By Joe r December 13, 2011 at 1:47 pm
Moron
the banks did not ‘object’ to being bailed out.
And then they went right back to business as usual.
That by the way comes closer to central planning than anything else I’ve mentioned.
“too big to fail” was used by the banks to get bailed out- it was not shoved down thier throat!
The biggest mistake was the repeal in 1999 of the Glass-Steagall act.
I teach that in my class…
We have not over regulated but in the last decade under regulated.
In the same way as historically we have the lowest tax rates in decades.
I show these data in my class and discuss the consequences.
The good news: your kids are getting a great education
while you are stewing in neoclassical growth theory which had proven to be wrong over and over again!
By For Moron December 13, 2011 at 4:20 pm
“The biggest mistake was the repeal in 1999 of the Glass-Steagall act. I teach that in my class…”
Like I said, I’m so glad I don’t have to be a student in your class. Further, if my kids had to kiss your ring I’d promptly educate them on the difference between getting the sheepskin and living in the real world.
“We have not over regulated but in the last decade under regulated.
In the same way as historically we have the lowest tax rates in decades.
I show these data in my class and discuss the consequences.”
You know the ole saying professor, don’t you? Stats never lie, but liars use statistics? I see it all the time in private industry, especially in cases where banks and business has been duped.
You may have your way with the kids whose grades you hold over their heads, but step out into the real world chump and you’ll have your ass handed back to you in no time.
Why don’t you go pull up some stats on the overall tax burden hmm? Your simple overview isn’t gonna fly with me. You belch out simplified statements like they mean something on complex issues. I’m sure that’s fine and dandy with empty headed 19 year olds most of which are probably dying to get out of your class, but you’re gonna have to do better than that with people who deal in markets all day long.
First, here’s some hard data:
Corporate Taxes as a Percentage of Federal Revenue
1955 . . . 27.3%
2010 . . . 8.9%
Corporate Taxes as a Percentage of GDP
1955 . . . 4.3%
2010 . . . 1.3%
Individual Income/Payrolls as a Percentage of Federal Revenue
1955 . . . 58.0%
2010 . . . 81.5%
So have taxes gone up or down? The numbskull answer is “taxes have gone down”, as you said earlier. Did they? In some cases yes and some, no.
For the everyday man, they’ve gone WAY up. So once again, I catch you in another falsehood.
Even further though, you’re one of those gov’t cheerleaders that suggest everything is gonna be OK if we just raise taxes. Well, let’s first analyze one “simple” metric, especially in light of the simple statements you like to make maybe you’ll appreciate this:
http://www.usgovernmentspending.com/us_20th_century_chart.html
Notice for every year except WWI & II the percentage of spending related to GOP goes up in a linear fashion. Starting @ 6% in 1903 to now over 40%.
You think raising taxes is gonna solve that? lol…what a joke
Back in 1950 you might have been able to pull off corporate tax increases to feed the gov’t beast…but what happens when you do that today? I’ll tell you what happens(as if it’s not obvious enough), you get politicians discussion “repatriotization”. Sound familiar? Do you have any idea how easy it is for big corporations to move thier assets around to suit their needs? It’s a global world now. No sticking our heads in the sand economically and hoping it “goes away”.
Drastic spending cuts. It’s the only thing that’s gonna work. PERIOD. You can live in your fantasy land all you want, but you get paid by people living in the real world and it’s about damn time you start listening to people living in it.
Keep rooting for “higher taxes” and watch things get even worse. It’s not the corporation you’re gonna net, it’s the little people and little businesses. The people that don’t have the capital and infrastructure to escape your petty wants, until they just fold.
As you can see from my data above, while corporate taxes are lower the “people” taxes are higher, MUCH HIGHER.
Finally, in blaming the repeal of ONE PROVISION of “Glass–Steagall” for the entirety of the financial collapse you once again default to “simple” answers to complex & difficult questions. However, if “simple” is what you want…and probably necessary given the body of students you must “mold” every day than let us strike to the heart of the matter that created the entire financial bubble to begin with: THE FEDERAL RESERVE and fractional reserve banking.
Notwithstanding the debate of Glass-Steagall’s impact on creating “TBTF”s I’m sure we can both agree that if we had an honest money system with a hard currency that financial institutions could never have blown the bubble up to the proportions it did. It’s the very immorality of fractional reserve and printed money(stolen wealth) that allowed massive speculation on a leveraged basis…WHICH MAKES GLASS STEAGALL THE ‘NOTHING’ IT REALLY IS in scope to the past and ongoing flood of created dollars.
By Common Sense December 13, 2011 at 5:39 pm
Joe just got bitch slapped with the hard facts..ouch. and he is on the mat and not getting up…
By Conservative New Supporter December 13, 2011 at 8:21 pm
He’s a typical university LER level prof. Repeating the usual lines with no original thought or substance of his own. You could tape the lectures of the teachers he studied under and play them for his classes today virtually verbatim.
He probably reads Newsweek, Time, The Economist and some occasional circulars and thinks he’s “educated” and “current”.
He represents 95% of the educational system on the non B. of Science side of things that adds virtually no value to the poor students that get scammed into spending their parents retirement(or going into massive debt themselves) for such education.
The whole University education system is in a huge bubble itself…the question is “when” not “if” it pops.
We’ll then see the separation of the wheat from the chaff.
By Trump said that? LMAO! December 13, 2011 at 8:52 pm
I sub’d to this conversation but it’s just so asinine. Bye now.
By Facrebel December 13, 2011 at 10:45 pm
Hey moron,
Doesn’t what you belched out up there reduce to semantics?
We lack an honest money system with hard currency versus financial institutions are not well regulated.
You rant against the massive speculation with high leverage…something that banks couldn’t do under the SG act…SG did open the door to SIVs nobody ever dreamed io. There was once a time banking was pretty boring and not called financial engineering. At the end of the game arbitration is a zer sum game and no value is created….not a way to run an economy.
BTW the everyday’s man tax rate s higher than the millionar’s but being rich is equated with job creation….nit true in many cases since wealth knows no boundaries and flows towards tax heavens at a great loss to the common good. Our history prof isn’t that far off..