Sunday, July 12, 2009

Obama is a Moron

Just a quick note. I am sick of the the way that the press treats every utterance from Obama's mouth as "thoughtful." He is clearly an idiot. He clearly doesn't understand the lessons from Japan in the early 90s.

Dean has continued to hammer his lack of understanding of history. He famously can't speak without the teleprompter. My favorite example is this from a campaign debate:

GIBSON: All right. You have, however, said you would favor an increase in the capital gains tax. As a matter of fact, you said on CNBC, and I quote, "I certainly would not go above what existed under Bill Clinton," which was 28 percent. It's now 15 percent. That's almost a doubling, if you went to 28 percent.

But actually, Bill Clinton, in 1997, signed legislation that dropped the capital gains tax to 20 percent.

OBAMA: Right.

GIBSON: And George Bush has taken it down to 15 percent.

OBAMA: Right.

GIBSON: And in each instance, when the rate dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down.

So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?

OBAMA: Well, Charlie, what I've said is that I would look at raising the capital gains tax for purposes of fairness.

There it is. We've elected a "thoughtful" President who hasn't thought much about history or economics. Doesn't say much for the schools from which he graduated either (Columbia and Harvard, in case you were wondering.)

I will sprinkle other examples in future blog posts, but just had to get that off my chest.

1 comment:

  1. Thanks for the link.

    Amazing... Charlie Gibson going all Laffer Curve on us.

    And even more amazing is the blatancy of the President's desire for empathy rather than really doing anything of substance to rally the economy.