Being a Socialist, Senator Биден Doesn’t Understand the Economy
October 3rd, 2008 by jack
Here, straight from the mouth of Товарщ Биден, we have one of the basic fallacies of modern socialism:
We’re going to focus on the middle class, because it’s — when the middle class is growing, the economy grows and everybody does well….
And later, repeating himself:
The economic engine of America is middle class. It’s the people listening to this broadcast. When you do well, America does well. Even the wealthy do well.
Finally, this nugget:
The middle class is the economic engine.
As on most everything else, Товарщ Иосиф is wrong here, too. In fact, he has it completely backward. When the economy grows, the middle class grows, not the other way around. It is not the people who are struggling who create jobs, but those who have money to spare.
Today, the House is expected to vote on the $700B bailout. Where will the money come from. Read the bill. The fed will sell bonds to raise the money. Who’s going to buy the bonds — the middle class? No. The rich are.
And that brings us to the dirty little secret — the real reason the leftists don’t want to lower taxes on the wealthy. If the marginal rates on the wealthy are reduced, the value of the fed’s tax-exempt bonds are reduced, and the fed has to pay a higher interest rate on them to attract buyers.
This entry was posted on Friday, October 3rd, 2008 at 11:50 am and is filed under Campaign 2008, Economics, Socialism. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
October 3rd, 2008 at 12:26 pm
Fred Thompson raised a very good point at the convention that has been lost in all the debate.
You can raise all the corporate taxes you want, but if you buy food, clothing, cars, or gas, it is going to come out of your pocket. Indirect taxation is still taxation on the middle and lower class.
Something else that bugs me about Obama’s plan :
“Currently, the IRS receives Americans’ financial information directly from employers and banks. Obama will ensure that the IRS uses this information to give taxpayers the option of a pre-filled tax forms to verify, sign and return to the IRS or online”
The taxman preparing tax filings for taxpayers, how precious..
October 3rd, 2008 at 3:45 pm
I’ll know by Nov. if I need to vacate my investment portfolio. I’ve always done better with guns and precious metals then the market. And Osama-bama can’t tax what he can’t find.
October 3rd, 2008 at 4:39 pm
This is simply excellent, watch the whole thing - this guy needs his own show:
http://www.youtube.com/watch?v=KxhYampIl7A
October 3rd, 2008 at 4:46 pm
Red baiting?
Srssly?
What year is it again?
October 3rd, 2008 at 4:58 pm
Cmac, yes, forget Conan O’Brien, let him replace Leno !
I enjoyed that. Long live truly free thinkers !!!
October 3rd, 2008 at 6:10 pm
RichmondDem said:
October 3rd, 2008 at 4:46 pm
Red baiting?
Srssly?
What year is it again?
RD
This schtick ain’t working for you anymore.
Pretending any mention of your guys close proximity to Marx is Red Baiting is old, tired and honestly a bit insulting.
You are stuck defending a guy closer to Trotsky than Madison. In 2008 the Dems have nominated as their candidate for President and are trying to pawn off on the American people a man far more comfortable in the soft socialism practiced in Europe than Government as outlined in the US Constitution.
You are actually starting to sound like those who defended the Rosenbergs. Communists ? What Communists? There are no Communists here, stop with the Red Baiting.
Your natural response will be ( as it has been in the past ) that I am comparing Obama to the Rosenbergs. At which time I will reply, Again you don’t get it. I am just trying to save us some time here. You see I know you better than you do at this point. You have run out of places to hide. You are a Democrat loyal to a guy who was bought and paid for by the far left crazies of your party. You may not be a far left crazy yourself, but now you have to lie to yourself and others that he is really a mainstream American leader. This guy makes McGovern look like a moderate.
The Art of Distraction and screaming Red Baiting go hand in hand. The next is to pretend that Socialism does not really exist , it is just some shit us right wingers dreamed up while waiting for some baby seals to club.
The real issue, the issue you are so desperate to avoid is that you are supporting
an American leftist. Your support for such a person puts you in a position where you must forcefully deny that he is a leftist and at the same time paint his detractors as Red Baiters.
That crap worked to a degree against Tail Gunner Joe, but the world has wised up since then.
October 3rd, 2008 at 6:52 pm
Dude, the put Biden’s name in Russian for God’s sake!
But really, I don’t think you get it. I find it more funny than threatening. There’s nothing like proving the Republicans are fit to lead in the 21st Century than pretending it’s 1980!
October 3rd, 2008 at 6:56 pm
“it is just some shit us right wingers dreamed up while waiting for some baby seals to club. ”
You mean, it’s not?
“The real issue, the issue you are so desperate to avoid is that you are supporting
an American leftist.”
Me and a majority of the American people. I think losing this election is eating your brain.
October 3rd, 2008 at 7:08 pm
So, RichmondDem finally admits he is supporting a leftist.
October 3rd, 2008 at 7:09 pm
“I’ll know by Nov. if I need to vacate my investment portfolio. I’ve always done better with guns and precious metals then the market. And Osama-bama can’t tax what he can’t find.”
You’re waiting till November? I finally finished “locking down” this week, in preparation for the day that the idiots among us might actually prevail.
So are most corporations. At a time when we really need the capital gains to produce employment, those with the most to lose (and it certainly AIN’T the middle class)are locking down in preparation for a possible Obama tax and spend.
Should McCain prevail, you’ll see the market open back up and money will ooze from between the cracks on November 5th. If Obama prevails, we’d all better hold on to what we’ve got for the next 4 years until the class envy subsides long enough for this generation to realize that they had a much better existance under Bush.
(never having had to have gone thru what us “old dogs” have in 1977 after Carter fouled us.)
October 3rd, 2008 at 7:10 pm
I’m supporting someone to the left of you, that’s for sure.
BTW, you’ll be happy to know by far most people in polls rank Obama as “liberal”, yet he is leading John McCain for President in the same polls. Yelling “LIBERAL! LEFTIST!” isn’t cutting it this year, but by all means keep it up!
October 3rd, 2008 at 7:11 pm
Jimmy Carter?
Communists?
Should I hook up my Atari 2600 and play Pac Man?
October 3rd, 2008 at 7:16 pm
RD, Hook up your Guitar Hero or Rock Band give us some more cow bell!
October 3rd, 2008 at 8:18 pm
There is no bad idea that does not get revived by the morons who understand neither history nor economics. Socialism is one of them.
If O’Bama wins, he will be the first Black President. And like the first Black Sheriff, Bart of Rock Ridge, he will laugh and say to himself, “Oh, baby, you are so talented — and they are so DUMB!”
October 3rd, 2008 at 8:34 pm
RichmondDem, you are supporting someone who is more to the left than any other Senator we have.
October 3rd, 2008 at 8:39 pm
And the alphabet is Cyrillic, not Russian. It was invented by Greek monks for the Slavic people.
October 3rd, 2008 at 9:17 pm
All that “rating” means is that he’s consistently opposed George W. Bush’s policies which have flushed this country down the toilet.
The alphabet is Cyrillic, but I’m guessing the language is Russian. I’m not sure what the point would be if they wrote Biden’s name in Ukranian or Bulgarian.
October 4th, 2008 at 2:14 am
RD….I don’t think that being all the way over to the other side of the fulcrum (and plastered against the fruitcake wall) is anywhere near not voting with George Bush.
And I remember the last 8 years. I was right here. McCain was plenty of a pain in Bushes ass. He didn’t go along to get along. Not John the Maverick. No sir.
October 4th, 2008 at 9:15 am
Yeah, voting against him 5% of the time. That takes real balls right there!
October 4th, 2008 at 10:23 am
Monk, yes, McCain has been historically the biggest pain in Bush’s side.
RD, what was that 5% of the time, do you know ?
October 4th, 2008 at 11:17 am
I can think of only two recent things he disagreed with GWB on–drilling in ANWAR and campaign finance reform. That’s about it. It’s like the year 2000 McCain never existed.
He’s already running Bush’s third campaign, and he’ll very much be Bush’s third term.
October 4th, 2008 at 11:47 am
Hmmm, I seem to recall a statistic (that I will have to verify, read it off a congressional record link) that the Senate votes (for the most part) unanimously approx 60% of the time. Further, Obama votes with Bush approx 60% of the time.
I would guess that Obama and McCain vote the same more than 50-60% of the time as well. At least in the US Senate Obama has to vote up or down, or miss the vote - in IL his reputation was for voting “Present.”
The Senate is not a place for a variety of opinions - is a surprise to anyone? It is the quintessential “Good Ole Boys Club.” Even in the Bob Dole days the Senate was the most “liberal” wing of the legislature.
That we have 2 Senators running for President stinks. I am not happy nor should anyone else be. Don’t get me wrong though, I still believe Obama is dangerous.
October 4th, 2008 at 12:31 pm
“Further, Obama votes with Bush approx 60% of the time.”
So he votes with Bush 60% of the time, but is also a leftist and the most x-treme communist Senator EVAR!*
Oookay….riiight!
*or at least since John Kerry.
October 4th, 2008 at 6:32 pm
RD - You will not hear me say that GWB is a conservative, he has let many people in the Republican Party down over the years. In short, I am intellectually honest enough to say I am dissappointed with GWB and he was wrong on many issues - thus the vote tally.
Will you admit the same RD, or have you drank the koolaid?
October 4th, 2008 at 6:44 pm
Cathymac-
Saying GWB isn’t a conservative is like saying the Soviet Union didn’t practice “true” Communism. Spare me, please.
Your ideology failed.
October 4th, 2008 at 6:46 pm
On second thought, in foreign policy that MIGHT be true. He didn’t have a foreign policy like Nixon’s or Reagan’s. He had a “neo” Conservative foreign policy, which mixes the absolute worst of both the liberal and traditional conservative foreign policy schools into one toxic stew.
Think Bill Kristol. He used to be a socialist–the REAL kind.
October 4th, 2008 at 7:14 pm
RD, If you think GWB is a true conservative, I have a bridge to nowhere to sell you. Your argument is weak and baseless, and as we used to say “Try again, martini breath.”
October 4th, 2008 at 9:08 pm
Yes Cathymac, and Stalin wasn’t a true Communist, either.
October 4th, 2008 at 9:20 pm
RD, is this your blog ?
http://richmonddem.blogspot.com/
Curious why you are not posting your thoughts there ?
Stalin was General Secretary of the Communist Party of the Soviet Union’s Central Committee from 1922 until his death in 1953. Can’t get much more Communist than that can you ?
October 4th, 2008 at 10:44 pm
He has no thoughts to post, dans.
October 4th, 2008 at 10:53 pm
Good point jack. I was going to say drivel, but I was in a charitable mood.
October 5th, 2008 at 4:43 pm
RichmondDem, please level with us. How far to the “left” are you? It would help for the rest of us to have some accurate parameters for purposes of discussion.
Do you write hymns for children in praise of Obama? Have you ever been an attendee or a counselor at Camp Obama? Do you read Saul Alinsky for inspiration? Were you among the street rioters in Minneapolis? Did you have posters of Che Guevara on the walls of your dorm room? Ever contemplate cutting sugar cane in Cuba? Do you follow instructions from the “Leader” about getting into other people’s faces or registering voters regardless of their legal eligibility to vote? Have you ever had any experience in the real world outside of VCU and Richmond? To know things like that would really help.
There is one thing for certain here. Uncle Joe Stalin was NOT a “real” communist. Those communists I have met can be placed generally into two categories: (a) the fools who believe all the drivel put out by Karl Marx and his academic successors; and (b) those who take advantage of the fools who believe all the drivel put out by Karl Marx and his academic successors. Uncle Joe was definitely one of the latter, to the everlasting sorrow of millions, communist and non-communist.
October 5th, 2008 at 5:51 pm
I try not to look the crazies directly in the eye
October 6th, 2008 at 7:01 am
The alphabet is Cyrillic, but “tovarish” works in a couple languages, most notably in Russian. Also, Ukrainian and a couple others as well. Serbian and such. Very cute.
I would agree with the observation that W isn’t a conservative. W is a Republican. One is an idealogy, the other is a club. Many conservatives are Republicans, but not all.
Conservatism has kind of been muddied lately, in my own personal opinion. I call myself a conservative, but because I believe in the preservation of Constitutional rights, a reasonable-sized government and the dignity of the individual versus “the collective” and what it wants. W is not a conservative. He’s espoused some very non-conservative view points. Many parts of the Patriot Act were over-the-top. I’d rather be free than feel safe at all times. And W getting on the TV and pushing his bailout was certainly not something I agreed with because if you believe in individual rights, then you must also believe in individual responsibility. That, and I think the market would have done better to correct itself.
Hey and LOL, but, if the Euroweenies want Obama (and it sure sounds like they do), that’s reason enough for me to vote against him right there!
October 6th, 2008 at 7:03 am
Q. What do Joe Stalin and Gerry Connolly have in common?
October 6th, 2008 at 7:28 am
I don’t know. What DO Joe Biden — uh, Stalin — and Gerry Connolly have in common?
October 6th, 2008 at 7:29 am
Besides a cheesy mustache?