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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on April 11, 2012, 05:51:12 AM
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Obama On Free Markets: "We Tried It. It's Not Like We Did Not Try"
http://www.realclearpolitics.com/video/2012/04/11/obama_on_free_markets_we_tried_it_its_not_like_we_did_not_try.html
"If we would just convert these investments that we're making through out government in education, research and healthcare. If we just turn those into tax cuts, especially for the wealthy, then somehow the economy is going to grow stronger. That's the theory," President Obama said about the right at a campaign event on the tax code in Boca Raton, Florida today.
"Here is the news. We tried this for eight years before I took office. We tried it. It is not like we did not try it. At the beginning of the last decade, the wealthiest Americans got two huge tax cuts, in 2001 and 2003. Meanwhile, insurance companies, financial institutions, there were all allowed to write their own rules, find their way around the rules. We were told the same thing we're being told now -- this is going to lead to faster job growth, it's going to lead to greater prosperity for everybody. Guess what? It didn't," he said an audience at Florida Atlantic University.
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;)
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Obama On Free Markets: "We Tried It. It's Not Like We Did Not Try"
http://www.realclearpolitics.com/video/2012/04/11/obama_on_free_markets_we_tried_it_its_not_like_we_did_not_try.html
"If we would just convert these investments that we're making through out government in education, research and healthcare. If we just turn those into tax cuts, especially for the wealthy, then somehow the economy is going to grow stronger. That's the theory," President Obama said about the right at a campaign event on the tax code in Boca Raton, Florida today.
"Here is the news. We tried this for eight years before I took office. We tried it. It is not like we did not try it. At the beginning of the last decade, the wealthiest Americans got two huge tax cuts, in 2001 and 2003. Meanwhile, insurance companies, financial institutions, there were all allowed to write their own rules, find their way around the rules. We were told the same thing we're being told now -- this is going to lead to faster job growth, it's going to lead to greater prosperity for everybody. Guess what? It didn't," he said an audience at Florida Atlantic University.
"Here is the news. We tried this for eight years before I took office. We tried it. It is not like we did not try it. At the beginning of the last decade, the wealthiest Americans got two huge tax cuts, in 2001 and 2003. Meanwhile, insurance companies, financial institutions, there were all allowed to write their own rules, find their way around the rules. We were told the same thing we're being told now -- this is going to lead to faster job growth, it's going to lead to greater prosperity for everybody. Guess what? It didn't," he said an audience at Florida Atlantic University.
And this is wrong how ???
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And you claim to be a ron paul supporter? LOL!!!!
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And you claim to be a ron paul supporter? LOL!!!!
Indeed but my intellect is capable of having several opinions and see things from different sides. You will too when you reach your adulthood.
Bump up taxes on the rich and give tax cuts to low/middle class.