White House Threatens Limbaugh Over Obama Criticism

reply to post by earlywatcher

one friend told me the other day that the reason we have such a big deficit is because of the reagan tax cuts, that the country just can't afford for the rich to pay so little in taxes. no mention of spending. just the REAGEN tax cuts. where did that whole belief come from? that if anyone earns a lot, they shouldn't keep it but give it to the government to distribute.

Stared.

I'll tackle the Reagan tax cuts. RTCs for short. RTCs were a landmark, monumentally important shift in US policy at the time. Reagen simply had the foresight to see their need. Taxation had shifted too much in favor of the "Little Man" of FDR and away from the forms of production so that taxation of "the Rich" (the source of income and investment) was slowing down the economy of the nation. FDR's take from the rich and give to the common man had been in effect too long and was ripe for a fall.

The effectiveness of the RTC's spoke for themselves. Money began flowing again, the economy flourished and tax revinues increased many fold. The country prospered again.

To say that RTCs are/were a bad policy is simply revisionism and although it has become Democratic party line and basic to "liberal think", they can't change history. Liberals will always try to deny the truth about the RTCs because it benefits their big government, socialism, increase taxation, redistribution agenda. But they can't change history, they can only try!

TAXES


There are stories circulating that by the fall there will be inflation. Stark and noticeable inflation. Some claim hyperinflation.

A thought process for ones consideration is that inflation is actually a tax.

It is not a tax that "experts" on economics want us to know.

A tax is work we do for which we get no goods or services.

Inflation is work we do for which we get no goods or services.

Same thing as a tax. It actually does not matter what one calls it ...what matters is what it does to a nation and people.

They are one and the same no matter what "experts" try to tell you.

No one seems want to describe this simple paradigm...yet people can see it clearly once it is explained.

What "experts" dont want us to know ...ever...is that we suffer two taxes here. One when numbers or moneys are removed directly from our paychecks and another when we spend our moneys and suffer the effects of inflation.

As long as the inflation is low and not so noticable ...not much complaining is done. But when it runs away...like when houses rose so radically in price or moneys cannot be borrowed due to huge interest rates...people take notice. When overall costs for everything begin to rise...and we find ourselves over the long run ..eating more macaroni and less beef steak...you know something is happening.

The long term effect of inflation...rising costs...is that it shifts the job market or the productivity of a nation or its economy. Jobs and industry begin moving to countries or locations where profits are greater. What this does to a nation is eat up its profit margin...its seed corn. There is not enough seed to plant for next year. We have been at this point for years now as our job and production market shifts to other countries.

We can no longer afford ourselves. England has been here at this point longer than we here in the states...but someone wants us to catch up with the UK/continent very rapidly. They want to make us Englishmen.
Canada is there as well. So too is Australia.

As I stated in previous posts...there will eventually be an income tax increases to hide the deficit they are creating out of nothing. Fiat moneys.
But coupled with this is an inflation tax which is going to be fierce. We will once again be caught between two taxes...inflation and direct taxes out of our paychecks.

The last time this happened so radically ..interest rates went to double digit..some 20 percent to cover the deficits in the Carter Presidency.
20 percent or more is a horrendous payout to support government excesses.

Something to think about as we watch events unfold before us.

Thanks,
Orangetom

reply to post by orangetom1999

There are stories circulating that by the fall there will be inflation. Stark and noticeable inflation. Some claim hyperinflation.

After the black October of 2008, a year ago, I thought we would not see inflation again till far into the future. A lot of money and retirement funds just disappeared, gone! Normally that is deflationary, not inflationary.

But Obama may change all of that with his incredibly large and as a result, inflationary Stimulus. You can't pump 2.7 Trillion borrowed dollars into an economy and not have it be inflationary. Whether you like what Obama is doing or not, it doesn't appear that he has the good of the country at heart in this case.

I (and many others) think the money in the Stimulus should be returned to the borrowers (mostly China) or put into production, long term reindustrialization of America projects, not just waisted on Obama's pork projects currently planned.

reply to post by plumranch


Agree plumranch,

You cannot raise the deficit by that much for different projects and not affect the economy.

The solution for government will always be to limit our spending ..not government spending. Our spending will be further limited by an income tax increase in addition to an inflation tax.

In those days a deficit increase was done by the Carter Administration and people thought it was large back then. By the time the first Bush came to office there was no way around a tax increase.

We will have the same result to hide the inflationary results. Tax increases ....just like they are doing in the UK now...massive tax increases.
So much that even Americans in the Uk are leaving. They cannot afford living there.

Thanks,
Orangetom

Robert Gibbs has one or two week before he is replaced.

I could have given a better answer off the top of my head to the question in the video than this guy did.

Originally posted by milesp
Robert Gibbs has one or two week before he is replaced.

I could have given a better answer off the top of my head to the question in the video than this guy did.

isn't that true of this entire administration? nobody answers questions. like gibbs, they just laugh them off, shrug them off, maybe give some convoluted content free answer. they seem to think we're irrelevant to what they are doing, with no right to know anything.

i understand that gibbs though takes this to new depths by not returning phone calls or answering emails. apparently he doesn't know what communication means.

reply to post by orangetom1999

We will have the same result to hide the inflationary results. Tax increases ....just like they are doing in the UK now...massive tax increases. So much that even Americans in the Uk are leaving. They cannot afford living there.

Agreed.

I think the Obama agenda is to turn Americans into Europeans content to live in little houses, drive mini cars and pay most of our money in taxes and do whatever Obama wants.

The Obama Stimulus will put us in debt to the extent that tax increases are inevitable, inflation will take away our savings, Cap and Trade will tax us mercilessly, Obama Care increases taxes and puts us at the will of TPTB for health care and our very end of life existance! What more to fear?

The man is a menace to us and very unamerican!

What I have deduced over the years is that we in America live a very different life than do most of the peoples in the world.

Most Americans do not even know why this is. We no longer know our history or traditions after a generation of public schooling Non Standards.

What I have also deduced is that the rest of the world cannot be brought up to our standards of living. Therefore we must be brought to the standards of living of the rest of the world. This is the political tack which is taking place....by default..by government actions of people who have carefully and long term infiltrated our government and through our educational systems....teaching such dogma.

Yes..this is a devout religious belief under the cloak of humanitarian politics.
What appears to be accompanying this is a "Shakedown " of Americans in the pattern that has been done in Europe and the UK. These appear to have been test beds for this type of social experiment.

America is to continue "subsidizing " this shakedown to maintain the social programs for the rest of the world.

Most of us know this "subsidy and shakedown" by the term...NWO or some other watchword. Whenever you hear this term..think subsidy.

Guilt Conditioning through education and the media appear to be an important part of condoning this "Shakedown." Making Americans feel guilty about anything and everything necessary to carry out this program.
Particularly about being American.

We are going to be paying for the rest of the world......forever!!!
Thereby lowering our standard of living to that of the rest of the world or lower.....forever....by guilt conditioning/programming.

This is what Gnostic intelligent wise men do when they get into government. It is the very best they can do. And it is a very devout and ancient religious dogma.

The best form of Government which men on their own merits/wisdom can devise is "Tyranny."

Thanks,
Orangetom

[edit on 27-8-2009 by orangetom1999]

reply to post by orangetom1999


Stared!

There are some bright spots on the horizon though. As you can see by my signature I (and Warren Buffet) are betting on America. It just happens that our strategic position will keep us in the forefront for at least 50 if not 100 years.

Don't think so? Read "The Next 100 Years" by strategist George Friedman. He makes the case that no politician will make much of a dent in the overall course of the future. Ie. in 20 years we will look back at Obama like we now do Carter, simply a failed administration.

Cross your fingers!

plumranch


The historical pattern of operation of these world class planners is that when they get a hold on a nation which cannot be broken by subversion/infiltration or coercion/revolution...they attempt to do so by internal strife.

The most historical internal strife is to get a nation to fractionalize itself on some issue and fight itself...preferably to death or to some predetermined point that the planners control themselves...by civil war.

Think carefully on this. For this too is punishment for disobedience to unknown masters.

With todays world class...NWO type thinkers...they will look to foreign troops to restore here the order they desire...as it becomes obvious that they do not trust our own military or veterans.

I dont think Rush Limbaugh dares to take it this far..but it seems that he and some other media peoples are headed in this direction with great hesitation.

It is becoming obvious that these critics of politicis must be silenced by one means or another. Preferably by bypass methods or stealth...as direct methods seem to have backfired on them as well has thier own radio network...Air America.

Thanks,
Orangetom

[edit on 27-8-2009 by orangetom1999]

reply to post by orangetom1999

The most historical internal strife is to get a nation to fractionalize itself on some issue and fight itself...preferably to death or to some predetermined point that the planners control themselves...by civil war.

If this is true, TPTB certainly picked the right man for the job. Obama not only has the extreme leftist political background but has associated himself with people of violence his entire life. He and his minions no doubt have some ideas about how to bring about fear, discontent and strife!