Its pretty sad when the Nobel winner for Economics thinks your plan sucks. Read on:
snippet from the Wall Street Journal:
OCTOBER 13, 2008, 3:34 P.M. ET
Paul Krugman Wins the Nobel Economics Prize
By JUSTIN LAHART
The Nobel prize in economics was awarded to Paul Krugman, a Princeton University scholar whose groundbreaking study on trade is less known to the public than his withering assessment of the Bush administration.
In announcing the award Monday, the Royal Swedish Academy of Sciences cited Mr. Krugman's work analyzing trade patterns and how areas of specialization arise in different regions.
As a columnist and blogger for the New York Times, Mr. Krugman, 55 years old, has taken the Bush administration to task over its waging of the Iraq war and, more recently, its handling of the financial-system bailout. Mr. Krugman also has faulted Republican presidential candidate John McCain, writing earlier this month in his column, "the McCain plan would do for health care what deregulation has done for banking. And I'm terrified."
5 years ago
I hope you enjoy Socialism in America...Obama told a plumber concerned about taxes for his business under the Obama plan...that he plans to psread the wealth...code words for S-O-C-I-A-L-I-S-M!!! If you enjoy soup lines and crappy health care...vote for Czar Obama my comrade.
ReplyDeleteWhy would any hard working, educated American vote for Obama? Is paying more taxes so those who don't want to work or go to school fair? I personally do NOT want a WELFARE STATE!!!I realize that a small percentage of citizens will always need to be cared for, like the mentally ill, the physically & mentally disabled, the abandoned children, the frail elderly, to mention a few. Redistribution of the wealth so the lazy can share in my hard work is not what I call fair.
ReplyDeleteIf you want to see how Health Care works in a socialist country, check out Canada or England. The waits are long!! Many of the Canadian MDs come to the US to practice!
I am scared to think what will happen to this Country if Obama wins. This great Republic that our Forefathers had a vision for will cease to exist.
If the country goes 'socialist' the GOP should take the credit. By misleading the public and pushing an an agenda of unregulated financial shenanigans that favored corporations and the wealthy they brought this crisis upon us and now are forced to 'socialize' the banking industry. The irony is probably over the heads of most who still spew comments like those above :)
ReplyDeleteWow! After researching the issue of our financial mess, I have discovered that there is enough blame for both parties to share. Blame can also be placed on the greedy wealthy as well as the homeowner who wanted to live well above his means. This mess also did not just recently start. It has been building for several years now. I may not be a Harvard Grad, but I am able to comprehend some things!
ReplyDeleteOften Krugman's assertions are just plain wacky. He wrote in a January 2002 column, just four months after the most awful terror attack in U.S. history: "I predict that in the years ahead Enron, not Sept. 11, will come to be seen as the greater turning point in U.S. society." I guess that's why everyone knows who Kenneth Lay is and no one's ever heard of Osama bin Laden.
ReplyDeleteObama in his own words:
ReplyDeleteThe fracas over Obama's tax plan broke out Sunday outside Toledo when Joe Wurzelbacher approached the candidate.
Wurzelbacher said he planned to become the owner of a small plumbing business that will take in more than the $250,000 amount at which Obama plans to begin raising tax rates.
"Your new tax plan is going to tax me more, isn't it?" the blue-collar worker asked.
After Obama responded that it would, Wurzelbacher continued: "I've worked hard . . . I work 10 to 12 hours a day and I'm buying this company and I'm going to continue working that way. I'm getting taxed more and more while fulfilling the American Dream."
"It's not that I want to punish your success," Obama told him. "I want to make sure that everybody who is behind you, that they've got a chance for success, too.
Then, Obama explained his trickle-up theory of economics.
"My attitude is that if the economy's good for folks from the bottom up, it's gonna be good for everybody. I think when you spread the wealth around, it's good for everybody."
Critics said Obama let the cat out of the bag.
"It's clear that his main goal is redistribution of wealth, not growth," said Andy Roth with the anti-tax group Club for Growth. "He's perfectly happy to destroy wealth as long as he can redistribute it."
Obama has been meticulous, Roth said, to conceal the "socialistic" nature of his tax plans. "But every once in a while, he lets it slip," he said.