Did Obama intentionally nuke the economy?

Mission Accomplished! Did Obama intentionally nuke the economy?

Is President Obama intentionally attempting to bring the stock market to its knees? Some argue that, indeed, he is. "The free market has failed," he could say, "just as it failed the housing market!"

Consider that, in the teeth of a devastating recession, Obama has:

• Raised taxes on small businesses, the engines of entrepreneurship and job growth

• Raised the capital gains tax

• Lied about "tax cuts for 95% of Americans", offering instead $13 a week, achieved not through tax cuts, but by changing the federal withholding tables!

• Destroyed charitable giving by axing the tax breaks for 26% of all giving (or $81 billion in 2006)

• Proposed a carbon cap-and-trading scheme designed to punish oil companies and further tax consumers

Why would Obama inflict these destructive policies while the economy is collapsing? Simple. Each step strengthens the role of government in people's lives.

• Squelching the stock market kills its attractiveness as a parking lot for private capital. Combined with an increase in the capital gains tax, investors will swarm to bonds -- tax-free vehicles like municipal bonds, which benefit the growth of state and local government. And unions, of course.

• Carbon cap-and-tax will raise taxes on all Americans as the cost of goods and services will increase to address a non-existent threat.

• True tax cuts would grow the economy, which is why, of course, Obama shuns them. The last major recession was Jimmy Carter's malaise. It consisted of of double-digit inflation and unemployment. It was finally licked by across-the-board tax cuts for everyone (even the despised rich), which touched off a twenty-plus year run of prosperity.

• Charities reduce the role of government assistance for those in need. That, in Obama's world, can not be tolerated. That is why charities must be choked off and allowed to die. Especially faith-based institutions.

The only plausible explanation is that Obama's destruction of the economy is intentional.

It is based on a failed ideology that has never -- and can never -- succeed.

And I'm not the only one who thinks so. Jim Cramer is a long-time investor who's been around the block a few times. He thinks the Obama agenda is crystal clear, stating "...their agenda is destroying the life savings of millions of Americans... we've elected a Leninist."

Cramer went on to say that President Obama has caused "the greatest wealth destruction I have seen by a president."

So he's got that going for him.

Cramer calls it an "assault on the economy" by the President and his cohorts.

If all of this comes as a surprise to you, I'm guessing you never saw The secret scrapbook of Barry Soetero.

Because if you had, you would've known.

Link

Theophilus wrote:Obama and congress are moving to fast with over aggressive taxation. They really need to slow down. All they are doing now is causing less confidence in the markets.

The democrats need to work with the republicans to help fix this mess we are in.

I know I was not at all pleased with the republicans for the last eight years. That being said to just shun them is not right.

These political games they are playing (you know we win, you lose) is not good for the American people.

Here is what I know. I am a truck driver I have been sitting with no freight to move for three days. Not good. I don't know what has to happen to get this economy moving again. Who knows perhaps we are past the point of no return.

Grim17 wrote:Personally, I don't think he is purposely trying to destroy the economy. I do however, believe he has made a decision to implement his socialist agenda, no matter what the effect it may have on the economy.

CarolinaHound wrote:

Grim17 wrote:Personally, I don't think he is purposely trying to destroy the economy. I do however, believe he has made a decision to implement his socialist agenda, no matter what the effect it may have on the economy.

That is exactly what he's doing. Both houses are using the oppertunity to try and slide their agendas and schemes into it too.

Theophilus wrote:

CarolinaHound wrote:

Grim17 wrote:Personally, I don't think he is purposely trying to destroy the economy. I do however, believe he has made a decision to implement his socialist agenda, no matter what the effect it may have on the economy.

That is exactly what he's doing. Both houses are using the oppertunity to try and slide their agendas and schemes into it too.

It should not be about schemes and agendas. Here is the truth. We have been borrowing and spending to much money to try to fix this problem.
We are not at a total collapse point yet. Though close. We are faced with a total collapse. If we do collapse schemes and agendas wont mean that much.
We are at a crossroad in history. If this economy fails it will be chaos.

The economy as we speak is failing. What will one do when the stores close? What will one do without food?

Lets hope it does not come to this. That being said I am worried, and not prepared for what may come.

CarolinaHound wrote:

Theophilus wrote:

CarolinaHound wrote:

Grim17 wrote:Personally, I don't think he is purposely trying to destroy the economy. I do however, believe he has made a decision to implement his socialist agenda, no matter what the effect it may have on the economy.

That is exactly what he's doing. Both houses are using the oppertunity to try and slide their agendas and schemes into it too.

It should not be about schemes and agendas. Here is the truth. We have been borrowing and spending to much money to try to fix this problem.
We are not at a total collapse point yet. Though close. We are faced with a total collapse. If we do collapse schemes and agendas wont mean that much.
We are at a crossroad in history. If this economy fails it will be chaos.

The economy as we speak is failing. What will one do when the stores close? What will one do without food?

Lets hope it does not come to this. That being said I am worried, and not prepared for what may come.

I agree, it shouldn't be. But that's what they are doing.

Theophilus wrote:

CarolinaHound wrote:

Theophilus wrote:

CarolinaHound wrote:

Grim17 wrote:Personally, I don't think he is purposely trying to destroy the economy. I do however, believe he has made a decision to implement his socialist agenda, no matter what the effect it may have on the economy.

That is exactly what he's doing. Both houses are using the oppertunity to try and slide their agendas and schemes into it too.

It should not be about schemes and agendas. Here is the truth. We have been borrowing and spending to much money to try to fix this problem.
We are not at a total collapse point yet. Though close. We are faced with a total collapse. If we do collapse schemes and agendas wont mean that much.
We are at a crossroad in history. If this economy fails it will be chaos.

The economy as we speak is failing. What will one do when the stores close? What will one do without food?

Lets hope it does not come to this. That being said I am worried, and not prepared for what may come.

I agree, it shouldn't be. But that's what they are doing.

Here is how I feel. If real hard times hits us, as it just might. We need to band together and help our neighbors, and our friends.

CarolinaHound wrote:

Theophilus wrote:

CarolinaHound wrote:

Theophilus wrote:

CarolinaHound wrote:

Grim17 wrote:Personally, I don't think he is purposely trying to destroy the economy. I do however, believe he has made a decision to implement his socialist agenda, no matter what the effect it may have on the economy.

That is exactly what he's doing. Both houses are using the oppertunity to try and slide their agendas and schemes into it too.

It should not be about schemes and agendas. Here is the truth. We have been borrowing and spending to much money to try to fix this problem.
We are not at a total collapse point yet. Though close. We are faced with a total collapse. If we do collapse schemes and agendas wont mean that much.
We are at a crossroad in history. If this economy fails it will be chaos.

The economy as we speak is failing. What will one do when the stores close? What will one do without food?

Lets hope it does not come to this. That being said I am worried, and not prepared for what may come.

I agree, it shouldn't be. But that's what they are doing.

Here is how I feel. If real hard times hits us, as it just might. We need to band together and help our neighbors, and our friends.

Absolutly correct. That's the way it should be anyway in my opinion. There is no "me" in "U.S.".