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Something to Think About

 
"A democracy is always temporary in nature; it simply cannot exist as a permanent form of government. A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.

"The average age of the worlds greatest civilizations from the beginning of history, has been about 200 years. During those 200 years, these nations always progressed through the following sequence:

1. From bondage to spiritual faith;
2. From spiritual faith to great courage;
3. From courage to liberty;
4. From liberty to abundance;
5. From abundance to complacency;
6. From complacency to apathy;
7. From apathy to dependence;
8. From dependence back into bondage."

-Alexander Tyler, 1787


Think about that for a few minutes: From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury...

Ponder that thought during the next campaign speech you hear from Senator Obama.

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Obama: No Evidence Cutting Taxes Boosts Economic Growth

 

http://online.wsj.com/article/SB121365641014879041.html

Senator Obama in today’s Wall Street Journal:

I'm a big believer in evidence. I'm a big believer in factIf I saw strong evidence that an additional $300 billion in tax cuts that John has proposed…would actually boost economic growth and productivity, I’d be happy to take a look at that evidence. But I haven’t seen that. It’s all conjecture.” 

Where were you in the ‘80s, Mr. Obama? Or the sixties? Or the twenties? 2001? 2003? 

Here’s your evidence:

Tax cuts under the leadership of President Coolidge

In 1913 (when the federal income tax was established), the top marginal rate was 7%.

By 1918, this same top rate had risen to 77%.

In 1925, the top marginal income tax rate was reduced to 25%.

Over the next four years, economic output almost doubled.

Tax cuts under the leadership of President Kennedy

In 1962, the top corporate tax rate was reduced from 52% to 48%.

In 1964 (signed by President Johnson), the top marginal income tax rate was reduced from 91% to 70%.

What was the result on the economy? From 1959-1962, economic investment grew at an annual rate of 3%, but between 1962-1969, investment grew at an annual rate of 6.1%. After these tax cuts were repealed, investment grew at an annual rate of only 2.3% between 1969 and 1972. Furthermore, the gross national product grew at 2.4% from 1952-1960, but it grew at 4.5% per year from 1960-1970. 

What about the result on government revenue? From 1952-1959, government revenue increased 1.2% per year, but between 1962-1969, revenue increased at an annual rate of 6.4%. Furthermore, the deficit during these years fell from $7.1 billion to $1.4 billion. 

Tax cuts under the leadership of President Reagan

In 1981, the top marginal rate was reduced from 70% to 50%.

By 1988, this rate had been reduced to 28%.

What was the result on the economy? From 1978-1982, the real gross domestic product grew at an annual rate of 0.9%, but between 1983-1986, it grew at a rate of 4.8% per year. In 1982, the unemployment rate was 9.7%. In 1986, it was 7.0%, and by 1989 it had fallen to 5.3%.

Tax cuts under the leadership of President Bush

In 2003, the top marginal tax rate was lowered to 35%.

In 2004, tax revenues increased by 5.5%.

In 2005, tax revenues increased by 14.5%.

Supply-side economics has worked every time it has been tried. May I have my tax cut now, please?

Sources

http://taxesandgrowth.ncpa.org/news/do-taxes-affect-economic-growth

http://www.businessandmedia.org/commentary/2006/com20060111.asp

Tags: obama   Taxes  
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Let's Go to Work

Thomas Jefferson once said, "If the people knew all the facts all the time, they would never make a mistake."
 
This is exactly what the 2008 general election will be about: making sure the American people have the necessary facts to make an informed decsion.  Two things Senator Obama must battle over the next few months in addition to Mr. McCain: facts and history.  He's wrong on the economy and he's wrong on the war, and both appear to be the basis for his campaign. 
 
In his speech tonight in Minnesota, Mr. Obama criticized Bush for the unemployment rate, yet a fact voters need to know is that the unemployment rate is below its historical average over the last 20 years.  You won't hear that on MSNBC.
 
He continues to say that the war in Iraq has not made us safer.  History tells us that we've gone longer under Bush without a terrorist attack on American soil or our interests abroad than at any time in recent history.
 
These are facts Americans should know.  It's up to all of us to make that happen.
 
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Obama on Social Security

It’s an American tradition.

Every four years in this country, we elect a president. Just the same, every four years, Democrats vow Republicans will raise the retirement age or cut Social Security benefits.

Senator Kerry did it in 2004.

Vice-President Gore did it in 2000.
 
And yes, Senator Obama has done it in 2008.

“Obama said McCain would push to raise the retirement age for collecting Social Security benefits or trim annual cost-of-living increases. Obama has rejected both ideas as solutions to the funding crisis projected for Social Security in favor of making higher-income workers pay more into the system.”

But that’s not what Mr. Obama said a year ago. Appearing on This Week on ABC on May 14, 2007, the Senator said “everything should be on the table” regarding a Social Security solution. Asked specifically about raising the retirement age, Mr. Obama again responded that “everything should be on the table”. Furthermore, Mr. Obama said, “I think we should approach it the same way Tip O'Neill and Ronald Reagan did back in 1983. They came together.”

They came together, yes, but 1983 was also the last time that the retirement age was raised and the last time Social Security benefits were cut. 

In this campaign, and contrary to Mr. Obama’s statements, Senator McCain has not proposed raising the retirement age or cutting Social Security benefits   On the other hand, Senator Obama has.

Who should seniors fear more?
 
 
 

 

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More on Obama/Iran

Former U.N. Ambassador John Bolton has written a thoughtful analysis on the foreign policy priorities Senator Obama has said he would bring to the Presidency.   Here is a sample:
 
On one side are those who believe that negotiations should be used to resolve international disputes 99% of the time. That is where I am, and where I think Mr. McCain is. On the other side are those like Mr. Obama, who apparently want to use negotiations 100% of the time. It is the 100%-ers who suffer from an obsession that is naïve and dangerous.

Negotiation is not a policy. It is a technique. Saying that one favors negotiation with, say, Iran, has no more intellectual content than saying one favors using a spoon. For what? Under what circumstances? With what objectives? On these specifics, Mr. Obama has been consistently sketchy.
 
Meanwhile, I've attempted to converse with our friends over at Texas Kaos in an effort to bring forth a defense of the liberal support for Mr. Obama's position.  You may follow the discussion here
 
Tags: obama   Iran  
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Obama on Iran/Bush

Did you happen to catch Obama's speech yesterday from Waterton, South Dakota on the recent Iran appeasement fiasco?  What follows is analysis of a few selected quotes:
 
Obama: (Bush) accused me and other Democrats of wanting to negotiate with terrorists and said we were appeasers no different than people who appeased Adolf Hitler.

If you read the text of the speech (See http://www.whitehouse.gov/news... ) you'll notice Bush didn't accuse anybody of anything.  He said, "Some seem to believe we should negotiate with terrorists and radicals."  No mention of Obama.  No mention of Democrats.  Wasn't it Mr. Obama himself who once said that words mean something?  It was the Obama campaign who picked this fight.

Obama:  We are now entering our sixth year of war in Iraq.  We were supposed to be going over there for weapons of mass destruction which we never found.

That we never found WMDs is not true.  We found hundreds of them. (See http://www.foxnews.com/story/0... )  It is true that we didn't find the massive stockpiles of chemical and biological weapons that were thought to exist in Iraq, but we found evidence of weapons programs that could quickly be restarted should sanctions have been lifted.

This is not to say that there were not intelligence failures - there were - but Republicans and Democrats alike going back to the Clinton administration are on record as professing a belief that Saddam held WMDs, and the vote in Congress to authorize the war reflects this.  Thus, for Senator Obama to have opposed entering Iraq from the start indicates he either a) had intelligence in the Illinois Senate that the rest of the country wasn't privy to, or b) didn't believe a Saddam possessing WMDs was a sufficient enough threat to do anything about - which reflects directly on how an Obama administration might handle a nuclear Iran.    

Obama:  We have not been made more safe.

We haven't?  We have not suffered a major terrorist attack since 9/11, and under the leadership of President Bush the United States has gone longer without suffering an attack than at anytime in the last thirty years. (See http://img171.imageshack.us/my... ) Thus, in terms of civilian deaths due to terrorism we are certainly safer.

Obama: Al-Qaeda's leadership is stronger than ever.

Stronger than ever?  On April 30th of this year, the State Department released its annual report on terrorism  in which it said "AQ's organizational strength is difficult to determine in the aftermath of extensive counterterrorist efforts since 9/11, but several thousand members and associates comprise the AQ-associated movement. The arrests and deaths of mid-level and senior AQ operatives have disrupted some communication, financial, and facilitation nodes and disrupted some terrorist plots." (See  http://www.state.gov/s/ct/rls/... ) The Associated Press says that State Department counter terrorism coordinator Dell Dailey "stressed that al-Qaida is still weaker overall than it was before Sept. 11, 2001." (See http://ap.google.com/article/A... )

Obama:  Hamas now controls Gaza, a Hamas that was strengthened because the United States insisted that we should have democratic elections in the Palestinian Authority.

Is Senator Obama inferring here that democracy is only a good thing when the outcome can be controlled?  

Obama:  That's the Bush - McCain record on protecting this country...They're not telling the truth.

They're not the only ones!

Obama:  I believe we need to use all elements of American power to pressure Iran, including tough, principled, and direct diplomacy...That's what Ronald Reagan did when dealing with the Soviets.

Consider the following from Charles Krauthammer on how Reagan was treated while he was president:  "These were the twin themes: Reagan was stupid, and his stupidity made him dangerous. Those too young to remember the 1980s would be astonished to know how common the notion was of Reagan as a warmonger.  In the early '80s, the West experienced a nuclear hysteria -- a sudden panic about imminent nuclear destruction and a mindless demand to "freeze" nuclear weapons. What had changed to bring this on? Reagan had become president. Like George W. Bush today, the U.S. president was seen as a greater threat to peace than was the enemy he was confronting."  (See  http://www.washingtonpost.com/... )

Obama:  Understand George Bush's Secretary of Defense suggests that we talk directly to Iran.  

"We need to figure out a way to develop some leverage . . . and then sit down and talk with them," Gates said."  (See http://www.washingtonpost.com/... )  Notice the part about leverage.  This is how Reagan handled the Soviet Union.  He built up our military, actually increased our weaponry, such that we would have leverage by which to negotiate.  Senator Obama has said he would meet with Iran "unconditionally".  To be fair, he did say in the Austin debate on February 21st that there would have to be "preparations".  

Obama:  It's time to present Iran with a clear choice.  If it ends its nuclear program, support for terror, and threats to Israel, then Iran can rejoin the community of nations.  If not, Iran will face deeper isolation and steeper sanctions.

http://news.bbc.co.uk/2/hi/mid...
Iran recently announced it is tripling its number of centrifuges to 9,000.  It takes 3,000 centrifuges one year to develop the enriched uranium necessary for an atomic weapon.  Has Senator Obama (or anyone considering voting for him) considered that we (and/or Israel) might not have time enough for an increase in sanctions to have their intended effect on Iran?

Obama:  But in the Bush/McCain worldview, everyone who disagrees with their foreign policy is (an) appeaser.

Now let's be fair.  Bush only accused those who would negotiate of appeasement, and he didn't name names.  If agreeing to sit down unconditionally is not negotiation, then Obama has no reason to take offense.  However, the question must be asked:  If an Obama administration will only "present Iran with a clear choice," what would be the point of a President Obama sitting down with Iranian leadership?  Typically, that stature is reserved for negotiations.

 
 
Tags: obama   Iran   bush  
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Pie

Many thanks to Mark Levin for bringing the following quote to my attention. 
 
Michelle Obama, at a campaign stop on Tuesday said, "The truth is, in order to get things like universal health care and a revamped education system, then someone is going to have to give up a piece of their pie so that someone else can have more." (emphasis mine)
 
The truth is that the idea that we live in a zero sum economy is not true at all.  It's also not capitalism.  The 1980s are a great example of why Mrs. Obama's statement is incorrect.  When we dramatically cut taxes across the board as we did under President Reagan, everyone gets more pie because we grow the size of the pie
 
The notion that the reason for the poor being poor is because the rich have money is nothing more than an exercise in class envy.  History says otherwise, and voters need to realize this before the November election.
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Windfall Profit Penalty

I noticed on Hannity & Colmes last night Barack Obama is running a campaign add in which he promotes the idea of a “Windfall Profit Penalty” for oil companies. There are several items related to this of which one should be aware before casting a vote in this election.

First, and as I pointed out in my last post, the 2007 profit margin of the major oil companies was not excessive. At 8.3 cents of profit for every dollar in sales, it was in line with most businesses.

Second, and probably most importantly, one must decide whether or not the government bears the responsibility in a capitalistic society to determine when the profit produced by a private business is “too much”. Keep in mind that if they can do it for the oil industry, they can do it for your business as well.

And finally, the Windfall Profit Tax has historical precedent. It’s already been attempted.  Judge for yourself its effectiveness. 

Tags: obama   big oil  
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On Equating Jeremiah Wright and Conservatism

 
The LA Times published an op-ed on March 19, 2008 written by Erin Aubry Kaplan which I felt attempted to justify the hatred uttered by Barack Obama's former pastor, Rev. Jeremiah Wright, by equating it with conservatism.  What follows is my response to Ms. Kaplan, emailed to her just moments ago:
 

Dear Ms. Kaplan,

I am writing in regards to your article entitled It’s a mad, mad, mad, mad world that recently appeared in the LA Times. I discovered the articled because of a link on the Religion Blog of the Dallas Morning News website.

While I support your right to express your opinion in print and commend you especially for having the courage to do so, I do strongly disagree with what appears to be an attempt to equate conservatism with the anger expressed by Rev. Jeremiah Wright.

You say in your article that “what (you) think Wright's critics really don't like is the fact that he is mad.” The truth is that it has nothing to do with his anger. As a conservative, I don’t like that he is teaching thousands of Americans to be victims. As a white American, I don’t like that he is directing his anger at an entire race of people. As a Christian, I don’t like that his sermons ignore basic biblical principals.  And as a parent, I don’t like the example he sets for the children in his congregation.

You say you find the criticism of Rev. Wright “strange, when you consider that we live in a culture that thrives on vituperation institutionalized by conservative talk radio -- guys such as Rush Limbaugh and Don Imus are paid to be mad.” I’ve never listened to Imus, so I won’t address him in this letter. I would like to address Rush, though, because it does appear from your comment that you have never heard his show. 

I realize that there are some in talk radio who might be regarded as “shock jocks”, but the majority of quality conservative talk radio hosts – guys like Rush, Sean Hannity, Mark Levin, and Laura Ingraham – are condemning an ideology not a race. It’s the proven historical failings of liberalism they are railing against. Their passion is for conservative values that work every time they are tried. And while Levin’s blood pressure may get slightly elevated at times, Rush Limbaugh has no deep-rooted anger. I would encourage you to listen for yourself if you get the opportunity.

Barack the Magic Negro was not meant to taunt Obama as your article claims. It is a parody playing off the subject of an article from the very own publication in which your writing appeared, the LA Times, ironically published one-year ago to the day as your essay, which first labeled Obama as the “Magic Negro.” The LA Times op-ed was entitled Obama the Magic Negro and said in part that “it's clear that Obama also is running for an equally important unelected office, in the province of the popular imagination — the ‘Magic Negro,’” and,“He's there to assuage white "guilt" (i.e., the minimal discomfort they feel) over the role of slavery and racial segregation in American history, while replacing stereotypes of a dangerous, highly sexualized black man with a benign figure for whom interracial sexual congress holds no interest,” and, "The only mud that momentarily stuck was criticism (white and black alike) concerning Obama's alleged ‘inauthenticty,’ as compared to such sterling examples of ‘genuine’ blackness as Al Sharpton and Snoop Dogg.”The parody is what Limbaugh calls “illustrating absurdity by being absurd,” the point being that evaluating the “authenticity” of a candidate’s race is itself a racist act.

As for Bill Buckley, I am unaware of any time at which he “sanction[ed] Jim Crow laws” as your article alleges. What I do know is that he was vocally against the Civil Rights Act of 1964, as was Barry Goldwater, but his opposition was based on a constitutional issue – not racism. I assume this is to what you are referring when you say “Buckley’s real genius was dressing up white anger in the guise of intellect.” I would argue that this is not a fair point. Buckley acknowledged that the Civil Rights Act accomplished great things, and his fifty-plus years of speeches and writings certainly do not contain racist themes.

You go on to say that “black anger is never seen as intellectual in nature, merely primal, and black public figures therefore have no such latitude,” noting that “there are exceptions. Martin Luther King Jr. is lauded now as a paragon of peace and disciplined black leadership, but it's useful to remember that he was mad most of the time.” 

There is a distinct difference here. Dr. King’s anger was against an institution whose policies and laws were inhuman, but Dr. King told his fellow African-Americans that “you are somebody” and “you can succeed.” The anger you say you have, and certainly the anger in Rev. Wright’s sermons, appears from my perspective to take the role of a victim to whom something is owed. This is the wrong message.   Anyone can be a victim, as a victim’s role does not have to be based in racism. It also does not lead to success.

Conservatism is an ideology that does not pit black against white or rich against poor. It’s a philosophy that says that anyone can succeed as long as they are willing to work hard enough. Conservatism recognizes that the less taxes and regulations you place on the wealthiest among us, the more jobs you create for everyone else. It says that if you leave us alone and let us work, we will produce, we will provide, and we will succeed.   And most of all, the public policies of conservatism reflect the private philosophy to which most Americans already adhere in their daily lives.

I’m not black. I’ve never experienced racism, and I’m not pretending to know what it feels like. I think it takes tremendous courage to put forth your opinions publicly as you do. But the source of your anger is misplaced. Conservatism is not “white anger”.  On the contrary, conservatism is a proven vehicle by which to improve the lives of every American regardless of color.

Sincerely,

Walt Curtis

Dallas, TX

txag007.townhall.com

 
 
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