Tag Archives: recession

Trumpenomics – A Disaster in the Making

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By Craig Andresen Right Side Patriots http://www.americanpbn.com/

When it comes to trade, and trade deals, Trump’s low-information following is all about en 1their candidate’s plans. They love his tough talk and his bloviations regarding China and Mexico…about how he intends to “make America great again,” by imposing stiff, 45% tariffs on our trade partners if they don’t straighten out and let us win.

It sure sounds good, unless of course, one looks into the details and has a shred of common sense about them.

What Trump is proposing is economic nationalism. America first and to hell with everybody else. If Mexico and China don’t do exactly what Trump and his low-information followers want, Trump…should he become the president, will stick it to them but good with 45% taxes on any products that either country tries to send to the United States.

But that’s not all…

Trump has also made it quite clear that he would also slam high taxes on American companies that have already located in foreign countries or those who are thinking about doing so thus intimidating them into NOT relocating, or making doing business FROM a foreign country so pricey that they will be FORCED to return home to America.

As I said…sounds good to the low-information crowd but…

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The Fiscal Cliff Is a Disguise For…

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We’re about to go off the fiscal cliff. Don’t be fooled by the disguise.

We’re just 3 weeks shy of it, give or take a couple days and, taking the chance that the Mayan calendar is wrong.

The Emperor made HIS proposal, absurd as it was, to demand twice the amount of tax hikes he campaigned on, the dictatorial authority to raise the debt ceiling without any need to seek congressional approval and put off any hint of spending cuts until an unnamed point in time that we all know will never come.

The republicans countered with their proposal that produces the same amount of revenue the Emperor campaigned on by closing loopholes and NOT raising ANYONE’S taxes and included entitlement reform that would cut spending AND sustain those entitlements for future generations.

It’s now crystal clear, as we have been saying, that the Emperor has NO interest whatsoever in adding revenues.

Obama simply wants to stick it to the so-called “rich.”

He wants to jack up their taxes.

Period.

This has nothing whatsoever to do with paying any sort of “fair share” and EVERYTHING to do with punishing success.

I’m about to explain this to socialists in a nutshell and I ain’t  gonna be polite about it.

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Weekend Edition: Obama Plan a Bridge to Socialism

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As the “fiscal” cliff looms, there is another, perhaps more disastrous cliff of which congressional conservatives should be vary.

In Obama’s “plan” presented last week by tax cheat Timmy Geithner, are some just crazy ideas.

Obama, who ran on raising taxes by $800 billion dollars is NOW demanding $1.6 TRILLION in tax hikes.

If soaking the so-called rich, those who make $250,000.00 or more, many of them small business owners, was going to cause higher unemployment and a stalled economy, what then will soaking them for twice that amount do?

Faced with that sort of government theft, small business owners will NOT expand, will NOT invest, will NOT hire and WILL lay off employees to offset their losses.

In many, MANY cases, small businesses will ALSO raise their prices to consumers thus causing their customers to cut back on THEIR spending.

Combine the two and unemployment rises while the GDP falls.

Basically, the Obama “plan” calls for massive tax hikes and then leaves the spending cuts…dangling.

Obama says, give me the tax hikes NOW and we’ll talk about spending cuts…later…maybe.

Also included in his “plan” is another $50 billion dollar STIMULUS.

Why? Are there more green energy companies that have yet to go bankrupt?

Obama is acting like he has a mandate from 99% of the people to hike taxes in the 1% but, that simply is NOT true. He was “reelected” by a smaller margin than in his 2008 original election and, nearly half the people voted to send him packing.

In fact, the whole “tax the rich” and blow off the spending cuts “plan” only has the support of 11% of the people according to recent polls.

Gallop places the number of people who want “major cuts” to government SPENDING at 92% although, in Obama’s plan, we’ll discuss spending cuts sometime down the road…maybe.

NOT included in Obama’s goofy “plan” are any measures to stabilize Medicare or Social Security.

NONE.

NADA.

Zip, zilch zero.

Oddly, according to Gallop polls, 88% of the people WANT Obama to do something to save Medicare and Social Security.

It seems to me that 88% IS a mandate…92% IS a mandate but…11% is NOT.

So, let’s recap…

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The Hitchhiker’s Guide to the National Debt

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You know all those statistics thrown about where…If you take all of something nobody gives a rip about, and laid them end to end, they’d stretch from point A to point B?

As an example: If you took all the women George Clooney has dated, and laid them end to end…

(Go ahead and make your own jokes about how tired you’d be)

They would reach from Malibu to Manhattan…Give or take a Stacy Keibler.

I hate those kinds of statistics but, it’s not going to stop me from using one in this article.

We’re talking about our national debt.

Staggering? Is that how you would describe it?

Maybe you have heard that our national debt is skyrocketing. It is you know. Maybe MORE than you know. Alarming? That’s another term you’ve probably heard.

No doubt you’ve heard something about a “fiscal cliff” during national debt discussions.

Oh…If ONLY that were the extent of it. It’s not of course but, we can dream can’t we?

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