Is Obamanomics Really Recessionomics?

US becoming Georgia

Enjoy paying huge taxes over 50% of your hard work down the drain for no fault of your own and to help reward laziness illegals and pay the "credit card" tab for a spend daddy's money child. Our security will become lack & responses cowardly just like during Clinton's reign which will allow not just terrorism to thrive but future attacks almost guaranteeded. With Russia's sudden show of force a weak US is asking for trouble from a return of Russia as a super power again. Be scared of Obama. I would rather have an old or even dead guy as president no matter their race or sex or religion then to have Obama especially with his racist pastor questionable morals and exploitation of children.

Craig of NV @ Aug 11, 2008 16:16:47 PM

Laffer Curve

The Laffer Curve is the foundation of supply side economics. Anyone who takes an HONEST look at it will agree with it's main premise: that there is an optimal top tax rate beyond which revenue drops increasingly to zero. It has been proven that drops from 90% and 70% worked as planned for Kenndy and Reagan. When GWB cut from 39 to 35 it worked again. We know that the optimal rate is here or lower. It also applies to corporate rates. Capital will flow to toward better treatment. Why do liberal democrats fight the very force that will generate more revenue to fund their dubious programs?

Pat of IL @ Jul 30, 2008 10:55:20 AM

Liberal perspective

The first comment above: McCain = MacDonalds. Too old and tired to work. Is that ageist? Being liberal means never saying sorry.

Yet, Obama is NBA "super star". Black and arrogant?

Some brilliant commentary here. Really sums it up. Barack da vote, indeed.

Yolanda of CA @ Jul 29, 2008 17:02:55 PM

The title is a "spin"

There is no such thing as "Obamanomics". There are only economics.

Eighty percent of Americans know the country is going in the "wrong direction" with taxes cut too low at the top end, such that the latest budget forecast for the 2009 fiscal year is a $600B defict (yes, count the wars, don't "exclude" them.)

The nervous nellies about tax changes "causing a recession" would have you going in the same "wrong direction" forever.

Get a spine, people. Elect Washington chock full of Democrats. You owe it to your children.

Daniel David of NM @ Jul 29, 2008 13:40:51 PM