Pres. Obama Needs a History Lesson on Business and AmericaNo image available
Pres. Obama Needs a History Lesson on Business and America
Made popular 310 days ago in Politics
According to President Obama, his administration has been pro-business, indeed one of the most pro-business administrations ever. Yet, on Friday, in Roanoke, Virginia, Obama admonished those opposed to higher taxes on business: "If you’ve got a business -- you didn’t build that. Somebody else made that happen."

What a slap in the face to all those Americans who built successful businesses. And Obama wonders why businesses are afraid to invest, when he uses such rhetoric.

Obama, during his presidency, regularly has called Wall Street executives “fat cats,” bondholders “speculators,” and accuses doctors of giving patients unnecessary and harmful surgery.

He has regularly blamed private companies rather than the government for the financial crisis. Indeed, the only blame he gives to the federal government is that there wasn’t enough regulation.

Even for liberal New York City mayor Michael Bloomberg Obama's attacks have at times been too much: “[Obama’s] bashing of Wall Street is something that should worry everybody.”

CNN's Anderson Cooper summarized Obama's campaign so far: "Basically the Obama campaign wants to paint Romney as this greedy, out of touch rich guy, whose company Bain Capital closed factories and killed jobs just to make a quick buck."

Trade has been become a major issue in the campaign, with Obama taking the most extreme position and demonized so-called "outsourcing" of jobs. One wonders how many people in the Obama administration use iPhones that were assembled in China, and how many of them would be ready to pay the price had the iPhone been assembled in the United States. Sometimes it is better for American companies to outsource some jobs and keep the company going than to lose out to foreign competitors.

Economists are almost universal in praising free trade, explaining how trade benefits both parties in an exchange. In the US we design computers, their operating systems, and build some of the components, and China assembles them. Obama's rhetoric about "insourcing" implies he wants to do away with many of the benefits from trade.

The Obama administration dismisses any negative impact from his proposed tax hike as, they say, only 2 or 3 percent of taxpayers with business income are taxed at the highest rates. But they fail to mention that this small percentage of taxpayers account for half of business income.

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Posted by lightdude
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How stupid could one be?
1. None more than dumbo and his/ her dumb crap followers.
0%
2. None more cluless than the moron in chief.
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3. Only the craps believe the fantasy that dingle barry is telling them. All others can see the cliff coming.
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4. Dumbo has lost more jobs than anyone, yet he says he is pro job?
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5. He was too busy smoking dope and doing drugs than learning anything in college. I bet he didn't even pay for his "edumacation."
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6. All
100%
This is not a scientific survey, click here to learn more. Results may not total 100% due to rounding and voting descrepencies.
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lastbaldeagle
Posted 309 days ago
0 up votes, 0 down votes
I wonder who is writing his material? They are sure way above his labor grade when it comes to his supposed brilliance. Bet they have him back on TelePrompTer soon before he totally self destructs and gives away their whole Marxist agenda. He makes George W. Bush look like a mental giant.
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