Tuesday, March 3, 2009

Obama's Deadly Sins

After listening to Rush speak at the CPAC Saturday evening, one thing stuck in my mind above the other great points in his “address to the nation”. He pointed out that class envy and schadenfreude are the primary drivers of liberal policy. In his words:

"See, if you think that John Thain or the Northern Trust CEO, if you love them getting attacked, if you love them being ripped, ask yourself the next day, do you have any more money in your pocket? Is your life any better because that guy got taken out or down by some haughty senator from Massachusetts?

If you ask yourself this, you'll realize your life is no better off. That the Democrats and Obama are asking you to feel better simply on the basis that they're going to get revenge for you, but your life isn't going to improve, somebody else's is just going to be destroyed and they want you to be happy over that. That's sick. And that is not the United States of America."

That prompted me to revisit a statement Obama made during the presidential debate. Charlie Gibson asked him why he would raise capital gains taxes when it was proven that when they were cut under Presidents Clinton and Bush, tax revenues went up. In response, he cited that fifty hedge fund managers made over $29 billion in 2007, and so he would raise capital gains taxes for the “purposes of fairness” (i.e., Revenge!). Whether it actually raises revenues for the Fed is inconsequential (Obama: “It might happen, or it might not”).

Off topic, but another interesting Obama quote popped out in the middle of answering this question:

"You can’t take out a credit card from the Bank of China in the names of our children and grandchildren, and then say you are cutting taxes…that is irresponsible. I believe in the principle that you pay as you go…and you don’t increase spending unless you are eliminating some spending or you are finding some new revenues. That’s how we got an additional $4 trillion of debt under George Bush. That is helping undermine our economy and it’s going to change when I am President of the United States."

I guess “Change” has gone the way of “Hope”, replaced by “Envy” and “Wrath”.


No comments:

Post a Comment