Obama Taxes, Debt, and Stimulus Worked, Trumping GOP Blather

Reader Comments

Back to blog

Wow, sure is fun watching the the know nothings whine when presented with facts. Reminds me of the debate between Reagan and Carter when Reagan said to Carter "there you go with the facts again". The right wing doesn't run on facts, it runs on hate, fueled by predjudice and stoked by fearmongers like Tim Phillips the Tea Party lap dog funded by the Koch brothers, owners of the largest privately held oil and chemical company in America. If you right wingers believe the misinformation you keep spouting go see who manufactures it for you. Search Tim Phillips and the Koch brothers and Richard Mellon Scaife and News Corp (Rupert Murdoch). Find out who is forming your beliefs for you by feeding you the lies that keep the mega rich in control of your lives. But you won't, you'll attack me using all the silly desparaging comments you ditto heads can regurgitate from Rush and your Fox dummies.

Eral Hill of FL 9:29AM March 14, 2010

Every person and company when they face the problem of spending more than they are taking in, must cut expenses. If they don't cut expenses then they face bankruptcy. Unfortunately Government does not have this problem. All they have to do is crank up the Money printing presses or pass laws that charge for breathing (Taxes)or push the debt onto our Grandkids.

Oh....Sorry. Let me be politically correct.

Government will "Finance the Debt" not pass on to Grandkids.

Government will "Increase Revenue Enhancement" not pass more taxes.

Whenever a term becomes unpopular they just come up with a new term:

Taxes = Revenue Enhancement

Liberal = Progressive

Terrorist = Disenchanted person

Global Warming = Climate Change (After the planet was found to be cooling)

Credit Card Charge = Finance the debt.

The minute something becomes unpopular just rename it and then you can continue doing the same thing under another name.

Vic M of CA 1:23PM February 17, 2010

The only way out of this hole is to go back to the

way it was when Clinton was in office. He is the only President that pulled us out of a depisit.Yes it was raising taxes on the people makeing over $250 thousand, it doesnt matter how bad people cry and complain this is the answer to some of the problem. Over the last 8 years, the rich have gotten richer and the poor and middle class have gotten poorer, and that is the fact! Oboma has the answer if the party of No would pull there heads out of the sand.

Nina Platter of WA 1:05AM February 17, 2010

Question: "Taking MORE tax money from those who have benefitted(???) from the Government's accumulated - massive - debt." Huh? Who's benefitting? Weathy people? Huh?

Banks loaning money to unqualified persons? What? The government's stated "Community Reinvestment Plan" PUSHED (mandated) banks to make foolish loans (and then it got worse - by accumulating toxic debt & selling bundled toxic products and then 'insuring' them!!!!) Fannie Mae and Freddie Mac trying to back up this stupidity - even when they were told by many in Washington that it was going to collapse the economy. (AND IT DID!) (And now Freddy & Fannie are being allowed to accept even - more - debt!) Is this lunacy???? Why can't government learn that some people cannot afford homes until they get an education, work harder or put in longer hours. Why do some people have to do this - but not others?

Carter style legislation? What? That did nothing PERMANENT to change the unemployment picture!

Yes. 2006 and 2008 were decidedly the Democrats 'party.' Fortunately, the two party system has already kicked in and the Republicans are leading the way in recent elections. They may even pick up speed!

The audacity of paying HUGE bonuses in companies 'bailed out' (in one form or another) is beyond 'sick.' But, it is typical of our government - rewarding those who fail. Keep on 'enabling' and we will have a nation of total 'slackers' with no one left to pay the bills. Stop undermining productivity in our citizens by making it easier and easier to fail and still get food, housing, health care etc.

Our debt: Bush policies surely added to the debt - but no where NEAR the accelerated rate of the Obama debt and deficit accumulation.

Of course, we've always known about Democrat's love of raising taxes! And it has NEVER been a good policy for generating money for government's providing of security for American people. (from our enemies)

Let the towns, couties, and states take care of their own. Government is too big, too unwieldy and too wrapped up in politics (and the next election) to do a decent job. For proof, check out the government systems already in failing - S.S., Medicare, Medicaid, Freddie, Fannie, the US Postal Service, Amtrac etc - and now they want to add Gov. Health Care? Ludicrous!

Susan Demidovich of FL 6:17PM February 11, 2010

When Obama makes these permanent the economy will really start to jump and create JOBS. His Carter style moves will get Carter style results.

JIM PETRILLO of NY 4:30PM February 10, 2010

AntonioSoasa you have it all wrong,

The tax hikes are a return to the Regan era tax cuts; barely a 2% increase for upper income folks. Most small businesses (that creates 87% of the jobs) don’t makeover 250K a year. But even small business making over 250K get tax breaks, including more tax breaks to come in the proposed jobs bill for hiring and capital gains investment. Companies SHOULD be penalized for shipping jobs overseas; there needs to be an incentive to invest in America. The US government has been subsidizing firms that invest in other countries; what sense does this make? Then they turn around and sell their goods to the people they have laid-off.

I don’t see why health care reform is a job killer, most people will not be affected by the changes (fact) and small businesses will have new buying power once the insurance exchanges are up. If you have fewer than 100 employees you pay 18% more for insurance, that’s a jobs and wage killer. And doing nothing is not an option, Anthem in CA just raised rates on individual policy holders by 39%, inflation for 2009 -0.4% (that’s 40 times the rate of inflation!). How is this justifiable?

How does raising the tax rate on the top 1% qualify as a job killer? Lowering their tax rates in 2003 and 2005 did nothing to create jobs. The last decade saw flat private sector job growth and stagnant wages. The only sector of job growth was in the public sector and that was under a 'small government' Republican administration after Clinton cut 100K government positions.

Regardless of which party you affiliate with you can't ignore the facts: Obama's economic plan has saved this country from certain disaster (most economists agree), tax cuts are not a cure-all for the economy and Keynesian economics work Reaganomics not so much.

Job growth last decade:

http://www.nytimes.com/2009/08/08/business/economy/08charts.html

SJLaw1234 of MI 11:39AM February 10, 2010

AntonioSosa of FL wrote: "Obama is doing his best to destroy us

Yes, Farrell's op ed, Obama is doing his best to destroy our businesses, our freedoms, our economy, "

The economy was destroyed during the Bush administration. Now millions of middle class Americans, or formerly middle class Americans, suffer while multimillionaire investment bankers still have their money (some of which is taxpayer money, e.g. govt gives AIG billions, AIG pays Goldman Sacks billions, Goldman Sacks give billions in bonuses).

Who's fault was it?

Many but in general, most blame goes to the long standing Republican attitude of get the government out of the way of business so they can make more money, i.e. lessen regulation and taxation on business.

Among others this was championed by Allan Greenspan, a Libertarian/Right-Wing-Republican. He should have never let banks loosen qualifying standards on mortgages, and should have increased regulation of investment banks when their risky financial behavior increased.

Republicans, get a clue. The government has to do some things well and solve some of the country's problems. Another 3 years of just saying no isn't the answer.

Excessive increases in health care costs are well on the way to choking economic growth, bankrupting small and large businesses, and bankrupting Medicare and Medicaid. What are the Republicans proposals for reducing the growth of health care costs?

Health Spending Accounts? The joke of the century. Sorry, the average middle class person can't self-insure to cover their possible medical bills (i.e. can't save enough in a Health Spending Account to pay for a future surgery).

What are the Republicans proposals for reducing the growth of health care costs?

Victor Cache of MA 6:17PM February 05, 2010

Yes, Farrell's op ed, Obama is doing his best to destroy our businesses, our freedoms, our economy, our country and our future, while forcing us to swallow socialism/Marxism.

This was to be expected considering that Obama's parents, relatives, mentors, friends, associates, and czars are mostly U.S. hating Marxists.

AntonioSosa of FL 10:16PM February 04, 2010

Obama’s budget demonstrates Obama’s “job creation” is another LIE. He said his number one goal for 2010 is to create jobs, but the horrendous tax increases in his recently released 2011 budget CONTRADICT this objective.

Higher taxes on businesses, upper-income taxpayers, and fossil fuels; an increased death tax; and new taxes to pay for health care would DESTROY jobs. Congress should reject these higher taxes and the rest of Obama’s business-killing, job-killing, economy-killing agenda.

AntonioSosa of FL 10:11PM February 04, 2010

You must have a very special poll site made for liberals. Delusional behavior sometimes need reinforcement.

You don’t appear uneducated. It’s a means to the end, right ?

If making outlandish statements furthers your cause, I say have at it. Tomorrow this article will be forgotten and you will not be held accountable. You though will remember. Teddy after all his misdeeds may have died at peace. At least I hope he did. Compassion should prevail.

Bill Hedges of MO 4:30PM February 04, 2010

Add Your Thoughts
Your comment will be posted immediately, unless it is spam or contains profanity. For more information, please see our Comments FAQ.

Back to blog

John A. Farrell

John A. Farrell

John Aloysius Farrell is a contributing editor at U.S. News & World Report. An award-winning Washington reporter, he has written for The Boston Globe and The Denver Post and is the author of Tip O’Neill and the Democratic Century and an upcoming biography of the great American defense attorney, Clarence Darrow.

advertisement

Robert Schlesinger

An End to the NRA’s Angry Swagger

Polls show that overwhelming majorities of Americans, and even of NRA members, favor universal background checks.

Latest Videos

advertisement