Quote:
Originally Posted by 4mrusmc
djnemo65, I may not be as profound as some of our esteemed members of this fine community. But, when the largest global domino (the U.S.) has a it's economy in the toliet. All of the other little dominoes fall suit.
When our president, and his supporters are openly hostile to people of higher means, what would you expect the economy to do?
The vast majority of the people who pulled the lever for the big O, stepped out of that same voting booth with their hand-out looking for a pay-out. Where as the vast majority of the people who voted for the other guy, simply tried to stem the tide. Most of the same people who chant "yes we can", look for government as a solution to their problems. It's not their fault, they just don't know any better. Do you really think that those "yes we can" people will want to roll up their sleeves, and create, innovate, and put forth anything that will have an impact on our current economic crisis? Really, do you?
I think that this government really needs to be aware of who really drives this economic machine, and stop fing with it, and being hostile to it.
Somewhere there is a community missing it's organizer. Interestingly ironic, yes it is.
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Your argument would make sense if and only if the economy was in good shape, Obama got elected, Obama announced his new tax policies, the US market imploded, and then the rest of the world quickly followed suit. This happening wouldn't make your argument true, it would just make it not on face ridiculous.
Given that this isn't what happened the best one can say about your position is that you are failing to account for mechanisms much more complex than upper level income taxes. That's putting it charitably. Once you wade through the platitudes and slogans in your post what is left? Not much economic analysis.
Tremendous weaknesses in not just the US economy but the global economy have been exposed over the past year. It's not any one person's fault (no, not even Bush's) and it's a hell of a lot bigger than domestic tax policy (which isn't even going to be changed until 2011).
And I'm going 5500.