Obama, a liar and a bully, all in one press conference.

[TheRealMafoo]

senseinobaka said:

pakidan101 said:

I really don't know anything about economics, but I do pose a question. What good is it if we just let corporate greed run its course and carry on like business as usual by leaving the tax loopholes as it is? In the end, isn't letting the rich get richer and the poor get poorer a way of eliminating competition in its own ways?

The use of the bolded catch phrases prove the claim of the italicized words.

 

Anyway... Obama's words arent exactly wise. But they make his base happy... and what politician worth his existence would care about things like liberty and the constitution when they could make their base happy?

 

 

Plus, it just might not be a wise move (I don’t know).

For example, if you have two companies, one American, and one… say… French. If you make the cost of doing business go up for the American company, more people might buy their goods from the French company, thus lowering the number of jobs in the US anyway, as sales go down.

In the end, this might lower the total taxes you collect (or greatly reduce the effective gain).

Again, I don’t know the numbers, but hopefully someone in the Finance Committee with more sense than Obama does. Congress has to approve these tax changes.