Obama doubles down- again!

Discussion in 'Politics' started by clevergirl, Jul 2, 2012.

  1. clevergirl
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    clevergirl Gold Member

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    By MICHAEL J. BOSKIN

    President Obama should put Adam Smith's "The Wealth of Nations" at the top of his summer reading list. This was clear after listening to his 54-minute list of economic excuses and policy proposals delivered earlier this month on the campus of Cuyahoga Community College in Cleveland.

    At times Mr. Obama suggested that the profit motive is somehow ignoble, an opinion shared by many on the far left. But every student learns in introductory economics class that the pursuit of profits is essential to a successful economy, allocating resources to the use consumers value most.

    This is not exactly a new insight. Writing in 1776, Adam Smith noted, "It is not from the benevolence of the butcher, the brewer, or the baker that we can expect our dinner, but from their regard to their own interest."

    The president spent nearly an hour demonizing his Republican opponent Mitt Romney's economic policies and doubling down on his own failed agenda. He called for higher taxes on our most productive citizens and successful small businesses, more government spending and debt, and Washington micromanagement of wide swaths of the economy.

    Instead of doubling down, Mr. Obama could have seen his party's 2010 midterm defeat as a message from voters to move to the center, announcing that his vast expansion of government was temporary and necessitated by the financial crisis and deep recession.

    That's similar to what President Clinton did after his 1994 midterm rebuke that swept Republicans to control of Congress and led to bipartisan agreement to balance the budget and reform welfare. Mr. Clinton won re-election handily.

    http://online.wsj.com/article/SB10001424052702303561504577494382148546066.html?mod=hp_opinion
     
  2. Truthmatters
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    except the CBO says they didnt fail you lying sack of pig shit
     
  3. GuyPinestra
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    GuyPinestra Senior Member

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    You really should follow the dosing instructions on your anti-psychotic meds, TDM.
     
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  4. Truthmatters
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    ah and the "your a pooppy pants" arguement arrives
     
  5. rightwinger
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    rightwinger Paid Messageboard Poster Gold Supporting Member Supporting Member

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    Invisible Hand?

    :badgrin:
     
  6. ConservaDerrps
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    I use my invisible hand to stroke my translucent cock.
     
  7. Soggy in NOLA
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    Soggy in NOLA Platinum Member

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    Nice rep buddy....
     
  8. ConservaDerrps
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    Oh, you mean the meaningless green or red shit over there in upper-left? Is that some new standard by which the Almighty Yoda will judge us? Do I get IRL money for having a really high rep rank? I guess I'm trying to ascertain from you just how much of a fuck I should give.
     
  9. Truthmatters
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    its how the cons here stroke each others translucent cocks
     
  10. clevergirl
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    clevergirl Gold Member

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    Not to ruin your rant or anything-but that would be "upper right".


    carry on~
     

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