Fox News has got it right; it's basic, undeniable math. Great article by Elizabeth MacDonald!
http://www.foxbusiness.com/government/2012/10/05/real-unemployment-rate/
Saturday, October 6, 2012
Friday, October 5, 2012
Presidential Debate-Round 1
At the request of the City Rose:
Two nights ago, President Barack Obama squared off against Governor Mitt Romney in the first of three presidential debates.
I will say this: I don't particularly like either of the candidates; but Romney is the clear choice over the re-election of President Obama.
This statement scares me; because it shows one of two things.
A) Romney doesn't actually believe this, and he's just saying it because he thinks that saying he'll cut taxes for the rich won't go over well. If this is the case, then he could take a few lessons in manning up (Chris Christie comes to mind as a good teacher for that class)
B) He actually does believe this, in which case, he is, at heart, a progressive, and does not believe in the truth of the Laffer Curve, which is the basic theory of conservative economics. He believes that the rich should be taxed, because they earn more, when really, they could do more good with their wealth if they were allowed to hang on to it.
Answer: According to the Small Business Administration, a small business may generate no more than $7 million in revenue; and they may employ no more than 500 people. So, our President wants to penalize businesses that employ large numbers of people; why does this seem like a good idea?
On the topic of Obamacare; Romney had this to say. One of the things that makes me nervous about Romney is that as governor of Massachusetts, he actually implemented what basically amounted to Obamacare at a state level. His argument is that it's a states rights issue, which I'll buy; but only because the alternative is so much worse.
There is so much more to say about this debate; but at this point, I am going to act on Proverbs 10:19
Two nights ago, President Barack Obama squared off against Governor Mitt Romney in the first of three presidential debates.
I will say this: I don't particularly like either of the candidates; but Romney is the clear choice over the re-election of President Obama.
Romney: "I'm not going to reduce the share of taxes paid by high-income people. High-income people are doing just fine in this economy. They'll do fine whether you're president or I am."
This statement scares me; because it shows one of two things.
A) Romney doesn't actually believe this, and he's just saying it because he thinks that saying he'll cut taxes for the rich won't go over well. If this is the case, then he could take a few lessons in manning up (Chris Christie comes to mind as a good teacher for that class)
B) He actually does believe this, in which case, he is, at heart, a progressive, and does not believe in the truth of the Laffer Curve, which is the basic theory of conservative economics. He believes that the rich should be taxed, because they earn more, when really, they could do more good with their wealth if they were allowed to hang on to it.
Obama: Under my plan, 97 percent of small businesses would not see their income taxes go up. Governor Romney says, well, those top 3 percent, they're the job creators, they'd be burdened.under my plan, 97 percent of small businesses would not see their income taxes go up. Governor Romney says, well, those top 3 percent, they're the job creators, they'd be burdened.Question: What is the difference between a large business and a small business?
Answer: According to the Small Business Administration, a small business may generate no more than $7 million in revenue; and they may employ no more than 500 people. So, our President wants to penalize businesses that employ large numbers of people; why does this seem like a good idea?
On the topic of Obamacare; Romney had this to say. One of the things that makes me nervous about Romney is that as governor of Massachusetts, he actually implemented what basically amounted to Obamacare at a state level. His argument is that it's a states rights issue, which I'll buy; but only because the alternative is so much worse.
This is accurate. There was not a single Republican that voted for Obamacare, not one. Obama decided that he knows what's best for the country, and he rammed the bill through over a plethora of objections. Romney worked with his party and the Democrats to accomplish his goal, in my mind, showing that he is a team player.Romney: So entirely on a partisan basis, instead of bringing America together and having a discussion on this important topic, you pushed through something that you and Nancy Pelosi and Harry Reid thought was the best answer and drove it through.What we did in a legislature 87 percent Democrat, we worked together; 200 legislators in my legislature, only two voted against the plan by the time we were finished. What were some differences? We didn't raise taxes. You've raised them by $1 trillion under Obamacare. We didn't cut Medicare. Of course, we don't have Medicare, but we didn't cut Medicare by $716 billion.
There is so much more to say about this debate; but at this point, I am going to act on Proverbs 10:19
Where words are many, sin is not absent, but he who holds his tongue is wise.Dear God, thank you for making us a great nation. I pray that you would continue to make us a great nation; and that we would honor you in our actions. I pray for this election, I pray that you would remove the corrupt and unrighteous from power, and put those who are righteous in power. Thank you God, for making me an American.
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