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Tuesday, September 20, 2011

Obama: my plan will "put businesses in a further hole"

John F. Kennedy, Address to the Economic Club of New York, 14 December 1962:

...next year's tax bill should reduce personal as well as corporate income taxes: for those in the lower brackets, who are certain to spend their additional take-home pay, and for those in the middle and upper brackets, who can thereby be encouraged to undertake additional efforts and enabled to invest more capital...

...We shall, therefore, neither postpone our tax cut plans nor cut into essential national security programs. This administration is determined to protect America's security and survival, and we are also determined to step up its economic growth. And I think we must do both...

...It should also be noted that the federal debt, as a proportion of our gross national product, has been steadily reduced in the last years... Federal civilian employment, for example, is actually lower today than it was in 1952...

Ronald Reagan, signing the Economic Recovery Tax Act, 12 August 1981:

These bills that I'm about to sign represent a turnaround of almost a half a century of a course this country's been on...

...[they] mark an end to the excessive growth in government bureaucracy, government spending, government taxing...

This represents $130 billion in savings over the next 3 years...

This represents $750 billion in tax cuts over the next 5 years...

And this is only the beginning.

Barack Obama, in one of his countless speeches, 5 August 2009:

We have not proposed a tax hike for the wealthy that would take effect in the middle of a recession. Even the proposals that have come out of Congress... still wouldn't kick in until after the recession was over. The last thing you want to do is to raise taxes in the middle of a recession because that would just suck up -- take more demand out of the economy and put businesses in a further hole.

* * * * * * * * *

History, logic and reason tell us that raising taxes on the private sector -- especially America's entrepreneurs and business owners (the filthy "rich") -- will further wound the economy.

In fact, President Obama admitted as much in 2009, before he read his latest poll numbers. He is clearly panicking over deteriorating support among his crackpot, moonbat base (which is the term they prefer, I hear).

In his latest Rose Garden speech on the economy yesterday, the Demagogue-in-Chief continues to: (a) ignore the recommendations of his own deficit commission; (b) ignore his own deal extending the "Bush Tax Cuts"; and (c) reject his own counsel from 2009.

President Obama is in full campaign mode, which means that he must try to deflect blame, shape-shift, obfuscate and fabricate.

The problem is, his record is clear: he is an epic failure on every front. And there's no running away from that inconvenient truth.


Hat tip: Mark Levin.

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