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July 12, 2011
We Are Expected to Believe...
That Mr Obama isn't out of ideas on how to fix the economy, although two years ago he said the raising taxes in a recession is "the last thing you want to do."
That being out of work isn't the same thing as being unemployed.
That since prosperity brings more tax income to the government, higher tax rates will help bring prosperity to the economy.
Mr. Obama knows what he is doing in running the American economy based upon no financial or business education and no experience other than being a community organizer.
Mr Bernanke's total business experience is working summers at "South of the Border" while going to college.
That a lack of regulation didn't cause the "Collateralized Debt Obligation"-led financial meltdown, but regulation can prevent it from recurring.
That the government printing more money is good for the economy, but you if print (counterfeit) money that it is bad for the economy.
That even though it was common knowledge for 30 years that when the baby boomers reached retirement age the Social Security system would be bankrupt, it is now solely George Bush's fault.
That Social Security was insurance for over 50 years, but is now an entitlement.
That Obama didn't lie when he spoke of an open, public discussion on all new laws, bills and legislation and yet did nothing of the kind. That his whole election campaign was not an orchestrated patchwork of false promises unparalleled in American political history.
That we are all just too stunningly stupid to understand the big world, and that's why our media never points out that our elected representatives are told by their leaders that they had better ignore their own constituents' opinions and vote with the party leaders.
That the stimulus worked.
That doing business with Halliburton and Blackwater was a bad thing under Bush but is a good thing under Obama.
That the Patriot Act was a bad thing under Bush but is a good thing under Obama.
That the government can't make interest payments without a debt limit expansion by using existing revenue, simply not spending money elsewhere.
That if we raise taxes now that the government will suddenly learn how to spend it wisely.
That the rich, in a 35% Federal income tax bracket alone, don't pay their fair share.
That corporate jets, which members of Congress so often seem to find themselves on, are not business expenses.
That every other country in the world except Japan has lower functional corporate income tax rate, but corporations still don't pay enough in income taxes.
That idealism is more important than fact.
That paying a "carbon tax" to a bureaucrat changes the CO2 that you release into the air from a pollutant to a beneficial thing.
That without any actual evidence at all, mankind is responsible for global climate change simply because some scientists (who would lose their jobs if they didn't) say it is.
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