Obamanomics

Obama's economic plan is a recipe for long-lasting disaster. Keep in mind that wrecking anything, as opposed to building things, requires very little time and effort. Obama's plan is deceptively attractive, while in reality it is a huge wrecking ball that will capsize the already listing ship of our economy. Here is a partial list of reasons why. Judge for yourself.Obama is proposing a trillion dollars in new spending. Where is he going to get the money, given the government's present huge budget deficit? From the filthy rich and blood-sucking corporations, that's where, he says. A terrific vote-getting scheme. But will it work?Obama doesn't tell you that in the present world money is like water. It flows to the lowest ground. And the lowest ground for money is found in places where it can make more money  -- not locations where it is seriously tapped by government. For example, Ireland where the corporate income tax rate is 12.5% and not the United States, which has the...(Read Full Article)

COMMENTS ON AMERICANTHINKER