Five Key Reasons to Reject Class-Warfare Tax Policy

[teapartysamurai]

The righties in here sure are fighting hard for tax breaks they will never get. *confused*

I guess the Bush tax cuts, never happened.

 

[teapartysamurai]

I haven't seen someone yet say "I'm quitting because of taxes"

Really, because I know a ton of people that have quit smoking because of the cost. $10 pack of smokes is becoming motivational!

I know more people than you do. I win.

Wow, the left's ability to debate in this thread, just underwhelms me.

 

[teapartysamurai]

How much did you earn from TARP?

Not a red cent you moron! I'm a tax payer. I'm on the hook for Tarp!

Very likely none of us on the hook for the purchase and insurance of up to $700 billion of "troubled assets" have felt the full consequences yet.

When Wall Street sold fraudulent derivatives into our pension funds, foreclosed on the homes of millions of American workers and loaded up the Federal Reserve's balance sheet with several trillion dollars of junk financial paper, the Fed responded with a policy of "quantitative easing" whose full effects on inflation, interest rates, and the dollar's foreign exchange value are yet to hit.

"When they do, Americans will get a lesson in poverty."

Paul Craig Roberts: A Tool for Class War

You do realize that most of this was caused by the government's insistance on subprime mortgages don't you? Thank you Jimmy Carter and Bill Clinton!

 

[teapartysamurai]

It's a plot called TARP.

Although TARP was a relatively small part of the "hard work" of bribing Republicans AND Democrats to transfer trillions of dollars in private debt into public debt, primarily through the Federal Reserve's purchase of $1.1 trillion of toxic mortgage-based securities.

As I've said before, a small business owner working 70 to 80 hours every week for $380,000 every year is earning every penny and then some.

Hedge fund gamblers and most of their clients are not.

So everyone that is rich got money from TARP?

That will be news to Rush Limbaugh!

Rich Rush is a member of that 1% of Americans who have seen their share of national wealth increase during the last two years when millions of productive Americans have lost their jobs, homes, savings and retirement plans.

Maybe he's as much a part of the problem as Bush or Obama?

Rich Rush PRODUCES WEALTH, and employs people.

The government TAKES AWAY WEALTH which in turn reduces the potential for jobs in the economy.

The government doesn't produce wealth. It can't.

The idea that the government can fuel an economy has been tried by country after country. All has ended in disaster. Greece is a great example.

 

[teapartysamurai]

Those being hurt by increasing the level of taxation are among Americans who have seen their share of national wealth increase by nearly 2% during the last two years. Two years when millions of others have lost their homes, savings and retirement benefits.

At what point does the gap between the rich and the rest become a problem for everyone in the US?

Income tax increases could apply only to those who are already rich:

"Schakowsky millionaire tax rates proposal (adding 45%, 46%, 47%, 48%, and 49% top rates)
The Schakowsky plan creates five additional income tax brackets, starting at 45 percent for married
couples making over $1 million dollars a year and increasing to 49 percent for people making $1
billion and over. The current top tax rate is 35 percent for people making $379,150 a year or more.
Progressive estate tax Our budget rescinds the estate tax in the tax deal and replaces it with Sen.
Sanders’ progressive estate tax. This would generate $173 billion over 2012-16 and $330 billion over
2012-21. The policy would include a $3.5 million exemption followed by a progressive series of
marginal tax rates as follows: a 45% rate on the taxable portion of estates up to $50 million, a 55%
rate on the portion of estates up to $500 million, and a 65% rate on the portion of estates worth
over $500 million.
Tax capital gains and qualified dividends as ordinary income This policy would eliminate the
preferentially low rates on long-term capital gains and qualified dividends (currently 15%) and again
tax all capital income as ordinary income under the marginal tax rate structure. The tax rate on longterm
capital gains is scheduled to rise to 20% in 2013 and dividends are scheduled to be taxed again
as ordinary income.
Cap the benefit on itemized deductions at 28%..."

http://grijalva.house.gov/uploads/The CPC FY2012 Budget.pdf

Okay do you get all this.

This "Two Americas" BS. This "the gap between rich and poor" BS.

This means it's UNFAIR that there are people getting "rich" if there are otehrs getting poor!

Notice the SOLUTION from liberals.

NOT to help more people get rich. Nooooooooooooooooooooo.

Their solution? HELP MORE PEOPLE GET POOR!

Raise the taxes!!!! It won't put a dime in the pocket of the poor, but it WILL make greedy liberals feel better that there aren't as many people with money they can't get their hands on!

That's what it's all about. That's what Obama means when he talks about "fairness."

It won't help YOU make a dime more in money. It is just supposed to make you feel better someone ELSE won't make a dime more either.

Perfect example of the greed of class warfare liberals!

There are "Two Americas" in existence right this second.

In one America 10 million families will lose their homes between now and New Year's Eve, effectively wiping out $5.6 trillion in home equity, and most of these Americans will continue to confront steep unemployment rates and stagnant wages.

In the Second America fourth quarter profits at US businesses were up 29.2%, "the fastest growth in more than 60 years."

US corporations amassed profits at an annual rate of $1.678 trillion while top execs who can't create jobs for anyone else have increased their own pay by 12% over the previous year.

Those not hopelessly blinded by politics should start connecting the dots between these "Two Americas", especially between the Wall Street crimes that made one America filthy rich and the federal debt suddenly so troubling to elected Republicans AND Democrats in DC.

The False Debate on the Debt | Common Dreams

Common Dreams????????

BWAHAHAAA!

That's a COMMUNIST WEBSITE, you laughable loon!

Your evidence against common sense is a communist website????????

Oh yeah, let's listen to the communists on how to fix the economy. After all, the communists have done such a wonderful job on the economy in comunist countries!

Do you get, THAT YOU JUST DISCREDITED YOURSELF, without my having to say anything to refute!

Please keep on using common dreams as your source for evidence. It makes my job of refuting such crap, much easier!

 

[teapartysamurai]

Thanks to the nearly $13 trillion worth of bailouts and loan guarantees provided to Wall Street (remember?) the richest 2% of Americans have nearly doubled their share of returns to wealth (interest, dividends, rents and capital gains) in less than one generation.

This is not an accident.

It's class war, and you are too brainwashed by your political ideology to care.

Which makes you a slave.

Smite that.

I hate to break it to you but OBAMA VOTED FOR TARP.

Then he tripled down on that when he did the Stimulus.

You want to see how much of that went to bail out rich unions?????

Why are you whining at me. I wasn't for Tarp or the Stimulus.

I'm for FREE MARKETS. People keeping more of what they earn.

But HOW is RAISING TAXES going to fix the problems behind the bailouts???

That doesn't even make sense.

The answer to that is to put into office CONSERVATIVES against bailouts. You certainly aren't going to get that with Democrats. You want to look at the voting record of Democrats on both Tarp and the Stimulus?

You're not likely to find conservatives or progressives in either the Republican OR Democratic party willing to vote against Wall Street.

Republicans AND Democrats in DC chose to borrow the money for the bailouts from rich individuals and corporations (and China) instead of taxing the rich individuals and corporations in this country.

That's because Republicans AND Democrats depend on the richest 1% of Americans to fund their campaigns, and the richest 1% of Americans depend on the stock market to fund their lifestyles.

"The political axiom at work is 'Big fish eat little fish.'

"There’s not enough tax money to continue swelling the fortunes of the super-rich pretending to save enough to pay the pensions and related social support that North American and European employees have been promised.

"Something must give – and the rich have shown themselves sufficiently foresighted to seize the initiative."

Michael Hudson: Obama's Greatest Betrayal

You didn't answer my question. You just did a cut and paste of more "I want other people's money" ranting from another website.

But HOW is taxing people going to fix the problem behind the bailouts?

That's what I asked. All you did was prove my original premise. It isn't about the economy with you libs. It's about having an excuse to get your hands on MORE OF PEOPLE'S MONEY!

It just drives you libs crazy. There's money out there, and you don't have control of it!

 

[teapartysamurai]

The sad irony here is that the OP, who I can assure isn't making shit for income, in the big picture,

is shilling for the Rich to get more tax breaks that will be paid for by HER having to pay more or get less.

Like I said, you know liberals are losing when they attack you personally. Now he claims to KNOW me personally.

That's hilarious!

 

[editec]

Not a red cent you moron! I'm a tax payer. I'm on the hook for Tarp!

Very likely none of us on the hook for the purchase and insurance of up to $700 billion of "troubled assets" have felt the full consequences yet.

When Wall Street sold fraudulent derivatives into our pension funds, foreclosed on the homes of millions of American workers and loaded up the Federal Reserve's balance sheet with several trillion dollars of junk financial paper, the Fed responded with a policy of "quantitative easing" whose full effects on inflation, interest rates, and the dollar's foreign exchange value are yet to hit.

"When they do, Americans will get a lesson in poverty."

Paul Craig Roberts: A Tool for Class War

You do realize that most of this was caused by the government's insistance on subprime mortgages don't you? Thank you Jimmy Carter and Bill Clinton!

AND George Bush II, I note.

Oh?

You didn't know that Bush II ALSO passed legislation regarding changes in the system?

Maybe you ought to read more and listen to talking heads on TV less, eh?

On December 16, 2003, President George W. Bush signed the American Dream Downpayment Act, a new program that will provide grants to help home buyers with downpayment and closing costs. The proposal authorizes $200 million dollars for the program for fiscal year 2004.

source

 

[teapartysamurai]

How did 1% of Americans come to possess 40% of US wealth?

A nasty plot(s) to deprive other Americans of their rightful money?

Boy Georage, of course you can never understand that people worked for their money, since you have fully admitted you never made more than mimimum wage and have live the life of a dirt poor loser! Your a bottom feeding socialist that wants everyone to take of you. Why the fuck would anyone take a poverty case like you seriously?

Have you stopped beating your dog yet?

Any thoughts on why fourth quarter profits at US businesses were up 29.2%? Do you see the connection between Wall Street's recovery and the 10 million American families who will have lost their homes by the end of this year?

How about the $5.6 trillion in home equity wiped out by all those hard-working Wall Street types.

When will boot-licking slaves like you begin to connect the dots between the scams that made/make Wall Street rich and the big rise in federal debt you punks never stop whining about?

Loser.

When will we "connect?"

About the same time as we all believe, like you do, in "common dreams," the communist website, you used in one of your "sources." LOL

 

[NYcarbineer]

The sad irony here is that the OP, who I can assure isn't making shit for income, in the big picture,

is shilling for the Rich to get more tax breaks that will be paid for by HER having to pay more or get less.

Like I said, you know liberals are losing when they attack you personally. Now he claims to KNOW me personally.

That's hilarious!

I know you're working class. I know you aren't in the top tax bracket with a nickel of your earnings.

 

[NYcarbineer]

Boy Georage, of course you can never understand that people worked for their money, since you have fully admitted you never made more than mimimum wage and have live the life of a dirt poor loser! Your a bottom feeding socialist that wants everyone to take of you. Why the fuck would anyone take a poverty case like you seriously?

Have you stopped beating your dog yet?

Any thoughts on why fourth quarter profits at US businesses were up 29.2%? Do you see the connection between Wall Street's recovery and the 10 million American families who will have lost their homes by the end of this year?

How about the $5.6 trillion in home equity wiped out by all those hard-working Wall Street types.

When will boot-licking slaves like you begin to connect the dots between the scams that made/make Wall Street rich and the big rise in federal debt you punks never stop whining about?

Loser.

When will we "connect?"

About the same time as we all believe, like you do, in "common dreams," the communist website, you used in one of your "sources." LOL

You're attacking the messenger and not the message? lol, you just lost the argument.

 

[georgephillip]

Not a red cent you moron! I'm a tax payer. I'm on the hook for Tarp!

Very likely none of us on the hook for the purchase and insurance of up to $700 billion of "troubled assets" have felt the full consequences yet.

When Wall Street sold fraudulent derivatives into our pension funds, foreclosed on the homes of millions of American workers and loaded up the Federal Reserve's balance sheet with several trillion dollars of junk financial paper, the Fed responded with a policy of "quantitative easing" whose full effects on inflation, interest rates, and the dollar's foreign exchange value are yet to hit.

"When they do, Americans will get a lesson in poverty."

Paul Craig Roberts: A Tool for Class War

You do realize that most of this was caused by the government's insistance on subprime mortgages don't you? Thank you Jimmy Carter and Bill Clinton!

Are you blaming CRA for the subprime mortgage crisis?

"The Community Reinvestment Act, passed in 1977, requires banks to lend in the low-income neighborhoods where they take deposits. Just the idea that a lending crisis created from 2004 to 2007 was caused by a 1977 law is silly. But it’s even more ridiculous when you consider that most subprime loans were made by firms that aren’t subject to the CRA.

"University of Michigan law professor Michael Barr testified back in February before the House Committee on Financial Services that 50% of subprime loans were made by mortgage service companies not subject comprehensive federal supervision and another 30% were made by affiliates of banks or thrifts which are not subject to routine supervision or examinations.

"As former Fed Governor Ned Gramlich said in an August, 2007, speech shortly before he passed away: 'In the subprime market where we badly need supervision, a majority of loans are made with very little supervision. It is like a city with a murder law, but no cops on the beat.'”

Community Reinvestment Act had nothing to do with subprime crisis - BusinessWeek

 

[georgephillip]

So everyone that is rich got money from TARP?

That will be news to Rush Limbaugh!

Rich Rush is a member of that 1% of Americans who have seen their share of national wealth increase during the last two years when millions of productive Americans have lost their jobs, homes, savings and retirement plans.

Maybe he's as much a part of the problem as Bush or Obama?

Rich Rush PRODUCES WEALTH, and employs people.

The government TAKES AWAY WEALTH which in turn reduces the potential for jobs in the economy.

The government doesn't produce wealth. It can't.

The idea that the government can fuel an economy has been tried by country after country. All has ended in disaster. Greece is a great example.

Rich Rush produces corporate propaganda that blind slaves like you swallow whole.

 

[georgephillip]

I hate to break it to you but OBAMA VOTED FOR TARP.

Then he tripled down on that when he did the Stimulus.

You want to see how much of that went to bail out rich unions?????

Why are you whining at me. I wasn't for Tarp or the Stimulus.

I'm for FREE MARKETS. People keeping more of what they earn.

But HOW is RAISING TAXES going to fix the problems behind the bailouts???

That doesn't even make sense.

The answer to that is to put into office CONSERVATIVES against bailouts. You certainly aren't going to get that with Democrats. You want to look at the voting record of Democrats on both Tarp and the Stimulus?

You're not likely to find conservatives or progressives in either the Republican OR Democratic party willing to vote against Wall Street.

Republicans AND Democrats in DC chose to borrow the money for the bailouts from rich individuals and corporations (and China) instead of taxing the rich individuals and corporations in this country.

That's because Republicans AND Democrats depend on the richest 1% of Americans to fund their campaigns, and the richest 1% of Americans depend on the stock market to fund their lifestyles.

"The political axiom at work is 'Big fish eat little fish.'

"There’s not enough tax money to continue swelling the fortunes of the super-rich pretending to save enough to pay the pensions and related social support that North American and European employees have been promised.

"Something must give – and the rich have shown themselves sufficiently foresighted to seize the initiative."

Michael Hudson: Obama's Greatest Betrayal

You didn't answer my question. You just did a cut and paste of more "I want other people's money" ranting from another website.

But HOW is taxing people going to fix the problem behind the bailouts?

That's what I asked. All you did was prove my original premise. It isn't about the economy with you libs. It's about having an excuse to get your hands on MORE OF PEOPLE'S MONEY!

It just drives you libs crazy. There's money out there, and you don't have control of it!

Taxing, fining and prosecuting those responsible for the economic collapse that made bailouts necessary isn't about getting your hands on other peoples' money. It's simple justice.

I'm guessing we're in agreement on why the victims of an armed bank robbery are entitled to get their money back. The robbers on Wall Street are different only in scale, education and political influence.

And they will come back for more if they aren't punished.

 

[Nic_Driver]

The GOP is the enemy of the working class and they started the class war, verified by the current wealth gap and the speed at which they were able to obtain it.

The wealthy started the war, now the middle class needs to wake up to it and start fighting back.

 

[skookerasbil]

Very likely none of us on the hook for the purchase and insurance of up to $700 billion of "troubled assets" have felt the full consequences yet.

When Wall Street sold fraudulent derivatives into our pension funds, foreclosed on the homes of millions of American workers and loaded up the Federal Reserve's balance sheet with several trillion dollars of junk financial paper, the Fed responded with a policy of "quantitative easing" whose full effects on inflation, interest rates, and the dollar's foreign exchange value are yet to hit.

"When they do, Americans will get a lesson in poverty."

Paul Craig Roberts: A Tool for Class War

You do realize that most of this was caused by the government's insistance on subprime mortgages don't you? Thank you Jimmy Carter and Bill Clinton!

Are you blaming CRA for the subprime mortgage crisis?

"The Community Reinvestment Act, passed in 1977, requires banks to lend in the low-income neighborhoods where they take deposits. Just the idea that a lending crisis created from 2004 to 2007 was caused by a 1977 law is silly. But it’s even more ridiculous when you consider that most subprime loans were made by firms that aren’t subject to the CRA.

"University of Michigan law professor Michael Barr testified back in February before the House Committee on Financial Services that 50% of subprime loans were made by mortgage service companies not subject comprehensive federal supervision and another 30% were made by affiliates of banks or thrifts which are not subject to routine supervision or examinations.

"As former Fed Governor Ned Gramlich said in an August, 2007, speech shortly before he passed away: 'In the subprime market where we badly need supervision, a majority of loans are made with very little supervision. It is like a city with a murder law, but no cops on the beat.'”

Community Reinvestment Act had nothing to do with subprime crisis - BusinessWeek

meh...........


I rather trust the brilliance of economist Thomas Sowell..........

From his best selling book: "The Housing Boom and Bust".....the follwing excerpts. The subprime crisis had everything to do with politicians ensuring that people who couldnt afford a mortgage got a mortgage anyway.


At a time of global economic crisis, in all of the talk of a subset of that crisis, the housing boom and bust, it is easy to lose sight of the fact that the cause of that bust is so very simple. "Behind all the esoteric securities and sophisticated financial dealings are simple, monthly mortgage payments from millions of home buyers across the country." When the housing payments slowed or stopped, sometimes by necessity and sometimes by choice, the boom turned to a bust. Real estate markets that had seen an unparalleled explosion of growth suddenly saw a catastrophic fall. Behind all the talk of stimulus and bailouts and increasing billions and trillions of dollars is normal people unable to make their $1000 or $2000 monthly mortgage payments.

In The Housing Boom and Bust, conservative economist Thomas Sowell looks to the housing bust and asks the simple, bedrock question: Why did so many monthly mortgage payments stop coming? His answer is as simple as it is lucid. The mortgage payments stopped coming in because during the housing boom, a time where interest rates were at historic lows, mortgages had been given to people whose prospects of repaying them were, at best, very poor. While the banks deserve some of the blame, they were in fact forced to hand out risky loans by government policies that imposed arbitrary quotas set by people whose concern was far more political than economic. These people, in the name of affordable housing and under the banner of political correctness, demanded that loans be provided to people who, under normal circumstances, could not afford them. This pressure caused financial institutions to hand increasingly "creative" (read: risky) mortgages to increasingly risky (read: poor) clients. When normal times resumed and interest rates rose, so too did payments. When payments rose, they became unaffordable and millions of people simply walked away, unable or unwilling to cover the new costs. "Why pay a $500,000 mortgage on a $300,000 home?", they reasoned. Faced with a glut of foreclosures, banks began to offer homes at fire-sale prices, driving down costs across the market. The bubble burst, the banks began to fail and the government began printing vast quantities of money to stimulate the economy and to bail out the banks. The story continues.

Discerning Reader: Review of The Housing Boom and Bust by Thomas Sowell


Did banks take the $$ and fcukk with us all with risky investment schemes? It appears so.........but it was facilitated by the concepts conveyed by the CRA. Its not even debatable unless you prefer to stick your head in the fcukking sand. And think about the banks positions in this.....lend the money or be labeled "Racist Bank of America"




The moral of the story? When government gets involved in the market, everything gets fcukked. Its always been that way and always will be that way.

 

[skookerasbil]

The GOP is the enemy of the working class and they started the class war, verified by the current wealth gap and the speed at which they were able to obtain it.

The wealthy started the war, now the middle class needs to wake up to it and start fighting back.

Another fcukking k00k on the forum!!!


Awesome...........the more the merrier.

 

[georgephillip]

The GOP is the enemy of the working class and they started the class war, verified by the current wealth gap and the speed at which they were able to obtain it.

The wealthy started the war, now the middle class needs to wake up to it and start fighting back.

Huey Long didn't see much difference between DC Democrats and Republicans way back in the 1930s. Even in those days both major parties took turns serving Wall Street's interests.

If Huey was alive today, he might well find a way to use the internet to FLUSH hundreds of Republicans AND Democrats from DC in s single news cycle.

It would be a good wake-up for Wall Street.

 

[skookerasbil]

And heres the thing............liberals believe these people who couldnt afford the damn home in the first place shouldnt have to pay the bank back.

The left still doesnt understand the existence of liberal politicians = give shit away for votes.

Get the fcukking DC politicians out of the fcukking market

 

[georgephillip]

You do realize that most of this was caused by the government's insistance on subprime mortgages don't you? Thank you Jimmy Carter and Bill Clinton!

Are you blaming CRA for the subprime mortgage crisis?

"The Community Reinvestment Act, passed in 1977, requires banks to lend in the low-income neighborhoods where they take deposits. Just the idea that a lending crisis created from 2004 to 2007 was caused by a 1977 law is silly. But it’s even more ridiculous when you consider that most subprime loans were made by firms that aren’t subject to the CRA.

"University of Michigan law professor Michael Barr testified back in February before the House Committee on Financial Services that 50% of subprime loans were made by mortgage service companies not subject comprehensive federal supervision and another 30% were made by affiliates of banks or thrifts which are not subject to routine supervision or examinations.

"As former Fed Governor Ned Gramlich said in an August, 2007, speech shortly before he passed away: 'In the subprime market where we badly need supervision, a majority of loans are made with very little supervision. It is like a city with a murder law, but no cops on the beat.'”

Community Reinvestment Act had nothing to do with subprime crisis - BusinessWeek

meh...........


I rather trust the brilliance of economist Thomas Sowell..........

From his best selling book: "The Housing Boom and Bust".....the follwing excerpts. The subprime crisis had everything to do with politicians ensuring that people who couldnt afford a mortgage got a mortgage anyway.


At a time of global economic crisis, in all of the talk of a subset of that crisis, the housing boom and bust, it is easy to lose sight of the fact that the cause of that bust is so very simple. "Behind all the esoteric securities and sophisticated financial dealings are simple, monthly mortgage payments from millions of home buyers across the country." When the housing payments slowed or stopped, sometimes by necessity and sometimes by choice, the boom turned to a bust. Real estate markets that had seen an unparalleled explosion of growth suddenly saw a catastrophic fall. Behind all the talk of stimulus and bailouts and increasing billions and trillions of dollars is normal people unable to make their $1000 or $2000 monthly mortgage payments.

In The Housing Boom and Bust, conservative economist Thomas Sowell looks to the housing bust and asks the simple, bedrock question: Why did so many monthly mortgage payments stop coming? His answer is as simple as it is lucid. The mortgage payments stopped coming in because during the housing boom, a time where interest rates were at historic lows, mortgages had been given to people whose prospects of repaying them were, at best, very poor. While the banks deserve some of the blame, they were in fact forced to hand out risky loans by government policies that imposed arbitrary quotas set by people whose concern was far more political than economic. These people, in the name of affordable housing and under the banner of political correctness, demanded that loans be provided to people who, under normal circumstances, could not afford them. This pressure caused financial institutions to hand increasingly "creative" (read: risky) mortgages to increasingly risky (read: poor) clients. When normal times resumed and interest rates rose, so too did payments. When payments rose, they became unaffordable and millions of people simply walked away, unable or unwilling to cover the new costs. "Why pay a $500,000 mortgage on a $300,000 home?", they reasoned. Faced with a glut of foreclosures, banks began to offer homes at fire-sale prices, driving down costs across the market. The bubble burst, the banks began to fail and the government began printing vast quantities of money to stimulate the economy and to bail out the banks. The story continues.

Discerning Reader: Review of The Housing Boom and Bust by Thomas Sowell


Did banks take the $$ and fcukk with us all with risky investment schemes? It appears so.........but it was facilitated by the concepts conveyed by the CRA. Its not even debatable unless you prefer to stick your head in the fcukking sand. And think about the banks positions in this.....lend the money or be labeled "Racist Bank of America"




The moral of the story? When government gets involved in the market, everything gets fcukked. Its always been that way and always will be that way.

The big question in the story

How did the Community Reinvestment Act of 1977 create a lending crisis from 2004 to 2007?

Especially when most subprime loans weren't made by firms subject to the CRA?

Sowell isn't without his critics:

"The liberal watchdog group, Media Matters has criticized some of Sowell's remarks[25] such as a comparison Sowell made between President Barack Obama and Adolf Hitler in an editorial for Investor's Business Daily[26][27] because Obama created a relief fund for the victims of the BP oil spill.

"Sowell was also criticized for an editorial in which he stated Democrats were playing the Race card and how he compared it to 'mass slaughters of the Tutsis by the Hutus in Rwanda,'.[28][29]
[edit] Economic Criticism

"Reviewing Sowell's 1984 book Civil Rights: Rhetoric or Reality?, University of Chicago sociologist William Julius Wilson said that Sowell did not explore 'reasonable alternative explanations and hypotheses' in his critiques of affirmative action.

"For instance, regarding Sowell's theory that women are underrepresented in fields like law and engineering because of the heavy responsibilities of marriage such as childrearing and other household work: 'A plausible alternative to Mr. Sowell's hypothesis on women's pay differentials and occupational segregation is that women are virtually excluded from many desirable positions and therefore crowd into obtainable occupations.'"

Thomas Sowell - Wikipedia, the free encyclopedia