Sen. Orrin Hatch: Obama Fiscal Proposal ‘Classic Bait and Switch’
December 1, 2012 | Filed Under Anti-Americanism, Barack Obama, Budget, Business, Capitalism, Democrats/Leftists, Economy/Finances, Entitlements, Ethics, GOP, Government, Government, Corruption, Jobs, Keynesian, Liberals, Nanny State, President, Progressives, Republicans, Senate, Stimulus, Taxes, Utah, Warner Todd Huston | Comments Off
Senator Orrin Hatch (R, Utah) delivered the GOP weekly address and it was a damn good one.
He pulled no punches and laid it out straight that Obama lied when he ran for re-election and perpetrated a “classic bait and switch” maneuver.
Transcript:
“Hi. I’m Senator Orrin Hatch from the great state of Utah.
“The holiday season is upon us: a time when families come together to celebrate and reflect on another year gone by—and another one set to begin.
“But this holiday season is different: as the clock ticks down towards the New Year, nearly every single American is facing the real prospect of what’s called the Fiscal Cliff.
“If we don’t act by the end of the year, 28 million more families and individuals will be forced to pay the Alternative Minimum Tax, 21 times as many farmers and ranchers will be hit with the death tax, and the average middle-class family would see their taxes go up by at least $2,000.
“Economic leaders have told us that if we don’t act, our nation will fall into another painful recession—pushing unemployment back up over 9 percent, threatening our children’s ability to get a good paying job, and putting seniors’ retirements at risk.
“The President has said he wants a so-called balanced approach to solve this crisis. But what he proposed this week was a classic bait and switch on the American people—a tax increase double the size of what he campaigned on, billions of dollars in new stimulus spending and an unlimited, unchecked authority to borrow from the Chinese. Maybe I missed it but I don’t recall him asking for any of that during the presidential campaign. These ideas are so radical that they have already been rejected on a bipartisan basis by Congress.
“Fresh off his reelection, the President has an obligation to first steer us away from the fiscal cliff, and second, to tackle our $16-plus trillion debt, that is driven by our runaway entitlement programs, so our country doesn’t reach this dangerous crossroads ever again.
“But we’ve seen an utter lack of leadership from President Obama, and his allies on the left have shown little—very little—to no willingness to tackle real, structural entitlement reform. There is no manner of tax hike that can save Medicare or Medicaid—these programs can only be fixed with real reforms that go to the heart of how they work.
Another Example of How the NYTimes Warps Truth
August 16, 2011 | Filed Under Barack Obama, Budget, Business, Capitalism, Democrats/Leftists, Economy/Finances, Ethics, Government, Government, Corruption, Jobs, Journalism, Keynesian, Liberals, Media, Media Bias, President, Stimulus, Taxes, The New York Times, Warner Todd Huston | Comments Off
-By Warner Todd Huston
This weekend The New York Times, the fishwrap of record, had yet another one of its left-wing excuses for political analysis, this one about rumors of how Team Obama intends to carry on its continuing re-election campaign on matters economic. The piece is so chock full of bias that you don’t even have to get past the first paragraph to see it.
Apparently it took two writers to stuff this thing full of left-wing bias and falsehoods as it is given the by-line of Binyamin Appelbaum and Helene Cooper.
Check out this first paragraph:
As the economy worsens, President Obama and his senior aides are considering whether to adopt a more combative approach on economic issues, seeking to highlight substantive differences with Republicans in Congress and on the campaign trail rather than continuing to pursue elusive compromises, advisers to the president say.
Now just look at the tenor of this paragraph. It is presented as if the President is not responsible for the economic downturn because he hasn’t done enough left-wing interfering with the economy. And it ends with the blatantly false claim that Obama is the one has been seeking “compromises” with the Republicans.
None of these contentions are true.
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Keynesian Philosophical Assumptions
February 19, 2011 | Filed Under Budget, Business, Capitalism, Democrats/Leftists, Government, Government, Corruption, Jobs, Keynesian, Liberals, Taxes, Thomas Brewton | Comments Off
-By Thomas E. Brewton
Keynesian macroeconomics is inconceivable without Darwinian evolution and secular socialism.
Keynesian macroeconomics is, at heart, a rationalization for collectivized state planning . Its progenitor was the 18th century quest to discover social science laws of behavior paralleling Newton’s mathematics and laws of motion that explained movements of the planets and of the earth around the sun. By the early 1800s French socialist intellectuals were confident that they had identified sociological laws that would enable them to create a secular paradise here on earth. A hundred years later, economist John Maynard Keynes propounded his ideas in the same tradition.
Along with Darwinism and socialism, Keynesianism sees humans as subject to manipulation by material factors such as government regulation. All three discount free will and what Austrian economists view as the basic fact in economic activity: purposeful, individual human action.
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The Business Cycle: Krugman vs. Austrian Economic Theory
November 10, 2010 | Filed Under Barack Obama, Budget, Capitalism, Communism, Congress, Constitution, Democrats/Leftists, Economy/Finances, Government, Government, Corruption, Jobs, Journalism, Keynesian, Liberals, Media, Media Bias, Regulation, Socialism, Stimulus, Taxes, The New York Times, Thomas Brewton | Comments Off
-By Thomas E. Brewton
The Keynesian black-box doesn’t work, because the reality of independent actions by millions of individuals is ignored in order to achieve a simplistic representation of the economy in computer models.
Keynesian economics, as expounded by New York Times columnist Paul Krugman, is essentially a black box theory. Stand on the outside of the economic box and dump into it endless baskets of inflationary fiat money, and things supposedly just happen automatically inside the black box to produce permanent prosperity and near zero unemployment.
Read David Gordon’s commentary on THE HANGOVER THEORY by Paul Krugman.
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