War escalates ... between classes

2011-06-29T17:47:00Z 2011-07-27T10:14:28Z War escalates ... between classes Daily Herald
June 29, 2011 5:47 pm

Obama — how good he is at healing wounds and bringing us together!

As one observer put it: "The president may think most Americans agree with him rich people should have their taxes raised, but he seems to be unaware of the link between job creation and the level of taxation on businesses and business owners."

Not that his message is coherent: "But the corporate jet tax break to which Obama was referring – called “accelerated depreciation,” and a popular Democratic foil of late – was created by his own stimulus package."

Now, punditry is an art, not a science. But let's mimic science here.

We conservatives contend Obama's liberal rhetoric and plans discourage investment and growth.

Look at FDR's class warfare rhetoric. "The Forgotten Man" by Amity Shlaes is one good look at what happened. FDR liked ripping the wealthy; and they responded by sitting on their money. Thus a prolonged depression.

Look, the rich already have their money. And, duh, they're good with it. And money is darned handy. Especially when elections season rolls around. They'll protect the money they have, and they'll enjoy it.

What we want them to do, however, is invest it so the economy grows again.

We contend that speeches such as his class warfare screed today hurt the economy. OK. Let's look.

So let's see if the jobs and economic reports at say, the end of August, are "unexpectedly" disappointing.

Betting is illegal, of course. But if it were not, I'd bet that's what will happen.

 

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