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Recession and Obama jeopardize econ freedom
Posted - 1/15/2014 11:02:40 AM | show profile | flag this post
The US became the foremost economy in the world because of economic freedom. That, however, is now in jeopardy. Capitalizing on the Great Recession, President Obama is hamstringing the US economy with burdensome regulations and runaway government spending with which even much-too-high marginal tax rates cannot keep up.
The result of all this is the US economy has dropped out of the top ten most economically free countries in the world.
Posted - 1/15/2014 11:57:48 AM | show profile | flag this post
As listed by a right wing...
liberatarian, fringe group.
Might explain why America is no longer the world's largest economy.
Oh, wait! It still IS.
Posted - 1/15/2014 12:32:10 PM | show profile | flag this post
Trying to change the subject...as always
Nobody...NOBODY...is disputing the SIZE of the US economy. The thrust of the article is that the US has now been displaced from the top ten countries of the world in ECONOMIC FREEDOM.
What this means is that Americans are no longer as free as they once were to start and operate businesses, that certain industries like energy, finance and health care have been so burdened by regulations issued by the Obama administration that profitable operations are difficult or impossible and that marginal tax rates are so out of whack that the top 25 percent of tax filers pay 87 percent of the total income taxes collected while the bottom 50 percent pay little to nothing at all...and many even collect "tax credits" (free unearned money) from the federal government.
The US has become the epitome of a "managed economy" in which the managers (read: Obama and his minions) are politically motivated by a socialistic agenda.
Posted - 1/15/2014 1:01:09 PM | show profile | flag this post
And yet ... and yet ... according to rankings by organizations that are not libertarian associations ...
United Nations -- 1. United States
International Monetary Fund -- 1. European Union, 2. United States
World Bank -- 1. European Union, 2. United States
CIA World Factbook -- 1. European Union, 2. United States
Posted - 1/15/2014 1:23:33 PM | show profile | flag this post
And since your prattlings have no context
they are irrelevant.
Posted - 1/15/2014 1:54:09 PM | show profile | flag this post
Obama Fixing Bush Recession
Indubitably undeniable that the recession is all George W. Bush. You said it yourself cruiser. Egregiously.
Now you backtrack.
Posted - 1/15/2014 1:58:37 PM | show profile | flag this post
Old farts like dumbfkchuckhoffman shouldn't be burdened with socialistic programs like Social Security and Medicare. Idiots like him should be forced to pay back every cent of the "free gubmint money" that has kept him alive.
As far as oppressive gubmint regulation, there might be thousands of WVa citizens who would disagree that there are too many regulations. I do find it ironic that the chemicals are headed down river to Boehner's district.
Posted - 1/15/2014 3:42:32 PM | show profile | flag this post
The study comes from a partisan...
organization -- the Heritage Foundation.
It is politically motivated and, as pointed out in the other posts above, fails to live up to reality.
Posted - 1/15/2014 4:22:36 PM | show profile | flag this post
I'm not going to engage
in any more "Did not," "Did too," arguments. It's pointless because you Obamaphiles refuse to accept the facts, relying solely on the left wing talking points.
I have better things to do with my time so I will post topicsI find interesting and/or worthy of discussion and you can do...whatever it is you do to keep yourselves in that comfortable state of mind.
Posted - 1/15/2014 7:24:22 PM | show profile | flag this post
There is the "I'm not going to..." post.
The defeated one slinks away shamed again.
Posted - 1/15/2014 8:08:01 PM | show profile | flag this post
cruiser is so silly!
Posted - 1/15/2014 8:34:50 PM | show profile | flag this post
Go ahead. Be allthe Troll you can be.
Post something really stupid and then scurry away like a cockroach with the runs.
"Capitalizing on the Great Recession..." The Great Recession was under Bush, not Obama, so any improvement after that is a step in the right direction. Damn.
Of course I don't buy anything that comes out the Heritage Foundation, but besides that, what the hell is "Economic Freedom" anyway?? The freedom to invest and make money? Okay, Wall St is up 100% under Obama. Does the WH have any bearing on the Dow? Well, that depend on who you listen to. Obama’s Republican critics were saying YES--as soon as Obama took office. "Indeed, the Wall Street Journal ran an entire editorial in early March 2009 arguing that the weak stock market was a direct result of investors evaluating “Mr. Obama’s agenda and his approach to governance.”
So if the Stock Market then "was a direct result" of Obama being in office for only two months, please explain to me how Wall Street breaking records now, is not a "direct result". (???)
"certain industries like energy, finance and health care have been so burdened by regulations..." Oh cry me a river. "The United States will pass Russia this year to lead the world in production of oil and natural gas, the U.S. Energy Information Administration reports. Saudi Arabia is third overall and remains the world’s largest oil producer—though the United States may be on track to take that title as well.
“This is a remarkable turn of events,” the head of the EIA told the Wall Street Journal. “This is a new era of thinking about market conditions, and opportunities created by these conditions, that you wouldn’t in a million years have dreamed about.” Well, damn. I thought our "Economic Freedom" was being strangled.
And one more time (you genius you), Income Tax bills start in the House; not the WH. If you have a complaint, take it up with Boehner. And I would start with why many major corporations don't pay taxes at all.
I know I know I know. Don't feed the troll. But it's always fun to ridicule him with facts.
Posted - 1/16/2014 8:23:56 AM | show profile | flag this post
Odd that he only finds interesting...
those talking points from the right wing fringe.
The Heritage Foundation has lost all credibility in DC since Jim DeMint took charge and moved it from being a think tank to being a tool for the TEA Party.
This was the organization that claimed the federal shutdown in October would be good for the country and boost Republican chances for winning elections in 2014.
Posted - 1/18/2014 12:00:30 AM | show profile | flag this post
One that also re-enforces my contention that our resident genius doesn't have a clue how Washngton works. Except that everything HAS to be Obama's fault. Dane Milbank in the WaPo this week:
"Read the bill? Oh, never mind."
Read the bill!
It was a rallying cry of the tea party in 2010 and of Republicans bitter about a 906-page health-care law that few proponents had read. Republicans made a “read the bill” pledge and vowed that they would put the text of bills online at least 72 hours before votes.
A very different Republican Party rushed a massive spending bill through the House on Wednesday, just 44 hours after it was posted. The bill was 1,582 pages and accompanying explanatory statements added 1,278 more, which means lawmakers had less than a minute to read each page, even if they didn’t sleep.
This was an ugly and gargantuan spending bill, cutting vital programs while sending goodies to well-connected industries. And yet there was some good news in the swift and easy passage through the House, followed quickly by the Senate. It means business as usual is returning to the Capitol.
There’s nothing to love about Washington’s business as usual, in which lawmakers on both sides do the bidding of the powerful. Yet even this is better than the endless crises and constant brinkmanship of the last three years. The spending bill also offers another sign that the tea party activists and affiliated organizations are losing their hold on Republicans.
This has similarities to what happened a few years after the Republican Revolution of 1994, when the revolutionaries began to act like the Democratic majorities they had deplored. Then, as now, the rebels left their mark; in this case, they succeeded in reducing non-entitlement spending at a rate not seen in decades. But comb through the $1.1 trillion “omnibus” spending bill, as the watchdog group Taxpayers for Common Sense has, and you’ll see a return to the old ways:
?The bill gives at least $62 million, and possibly as much as $119 million, to the United States Enrichment Corp., a government spinoff that last month announced plans to file for bankruptcy.
? It blocks the Navy from retiring seven cruisers and two amphibious ships. It gave the Pentagon $950 million more than it wanted for one class of attack submarines. But the measure denied the Pentagon $8 million it sought to study more base closures.
? It awards the Pentagon $666 million to study illnesses and afflictions that include Lou Gehrig’s disease and breast cancer — activities not closely related to war-fighting.
? It gives the oil and nuclear industries a bonanza: $154 million more than the Energy Department requested for nuclear energy, and $141 million more than requested for fossil-fuel development, despite enormous oil profits.
?Skirting a ban on earmarks, the bill provides more than $44 million for the Army Corps of Engineers that the administration had not requested. And lawmakers have been issuing news releases bragging about pet projects that are earmarks in everything but name.
Now it’s Democrats’ turn to howl about reading the bill. “My colleagues are being asked to vote on this, over 1,500 pages that nobody has read,” Rep. Jim McGovern of Massachusetts protested during the debate. “I am willing to bet that in a week or so we are going to read an article about something that was in here that nobody even knew about.”
But...but...but...I thought it was Obama's fault, you know, squashing "economic freedom". Whatever the hell that means.