A friend of mine (we’ve corresponded enough and seen the world the same way enough that I believe “friend” applies) from Sweden commented on my article, “Barack Obama, America’s First Downgraded President.” In part of his comment, he said of his native Europe:
The leftwing liberal press in Sweden is doing everything to blame the crisis in the U.S. on the Tea Party movement and on the Conservatives’ refusal to raise taxes. As if the Europe’s high taxes are of any help in the Euro zone?
Left Liberal reforms require increased taxes, which then are followed by new leftwing liberal reforms that require even higher taxes, and so on. When the politicians begin to solve problems with tax increases, there will be no stopping as more and more people switch from financing their wellbeing by themselves, to expecting the state to offer it for free or almost free.
Obama and his supporters are leftwing liberals who want to transform the American system to a European kind of model, which means high taxes, big public sector and many more living on welfare and on the state’s expense. I say – do never go along with it, it does not solve any problems with overspending and using taxpayers money without any respect for its actual value.
In those European countries, where it is not possible to charge high taxes from the population, politicians “solve” it by taking large loans. You could say that the socialist and leftwing liberal politicians buy their positions of power with borrowed money. Now it is no longer possible. Europe is full of Obamas and Pelosis, and these have not only ruined their own countries but are about to ruin even Germany, Holland and probably also us in Sweden.
Europe taxes the bejeezus out of EVERYTHING: “Take a look at the current European tax rates below which range from 59.6% to 83%. The European VAT tax (Government Sales Tax) ranges from 16% to 25%.” And that’s just for starters; they also pay at least TWICE as much on gasoline and diesel because they massively tax energy, too. And of course there are just ALL KINDS of other taxes and regulations that amount to massive hidden taxes in the Eurozone.
Democrats are out there just flat out rabidly DEMONIZING Republicans and particularly Tea Party caucus members as “terrorists” because we wouldn’t hike taxes. In the article my friend Penumbra added his own insights to, I had said the following:
Obama and the Democrats are like addicts, blaming everybody but themselves for their failures and the chaos and disaster those failures have caused. The obvious fact of the matter is that the stock market took a huge hit for two reasons which both have “Democrat Party” written all over them: 1) the utter failure of European socialism at a time when Obama and the Democrats are still determined to follow this completely failed model here:
“Markets worldwide were on edge over fiscal weakness in Italy and Spain and the eurozone’s ability to contain more crisis, as the two countries’ borrowing costs surged in recent days.”
and 2) the “let’s just create more money out of thin air” model otherwise known by the technical name of quantitative easing (i.e., QE1, QE2, and apparently soon-to-be QE3). Here’s how THAT very NON-Tea Party bankrupt and bankrupting policy will end:
We have officially crossed into the realm of abject fiscal and moral lunacy under Obama. We are now borrowing more than our entire economy is worth. Obama is borrowing 43 cents out of every dollar he is spending; he is deficit-spending $4.1 billion every single DAY; he has increased the size of government by 27% over George Bush (according to the CBO) and he is utterly determined to keep spending more and more and more.
In May of this year, Obama submitted a budget that would have added $12 trillion to our debt. It was so insane in so many ways that not even one single DEMOCRAT would vote for it in the Democrat-controlled Senate. Obama’s reckless and immoral budget failed by a vote of 97-0.
That’s not some right-wing talking point. That’s the TRUTH. Obama is an embarrassment. He is a disgrace.
Let’s take a moment to contemplate what Obama has done:
- Trippled budget deficits since he took office
- Gave us a failed $862 Billion stimulus package that the CBO said actually cost taxpayers $3.27 TRILLION.
- Spent tens of billions in GM/Chrysler bailouts that were basically fascist (the corporatist state). See here and here.
- Increased the size of government by 25%
- Gave us chronic unemployment at Great Depression levels of 18%
- Gave us a Debt/GDP ratio WORSE thanthe Great Depression
- That in addition to two EXTRA wars in addition to the two he promised to get us out of and lied. The Libya war that he said would take “days, not weeks” has now dragged on for more than five months with no sign of ending
- And now he’s given us a credit downgrade for the first time in American history
Obama will say ANYTHING. He is an abject liar and a fool who says one thing and then does another before saying something else entirely. Unfortunately, the pathologically biased mainstream media reports Obama’s constantly shifting rhetoric as if it had anything whatsoever to do with actual reality.
As an example, Obama repeatedly called for huge tax hikes in this debt ceiling deal on top of the $500 billion in tax hikes he got as part of ObamaCare. But listen to his own words in 2009: “You don’t raise taxes in a recession.”
The fact of history is crystal clear: Tax Cuts INCREASE Revenues; They Have ALWAYS Increased Revenues. Versus tax hikes, which reduce revenues and reduce GDP. As the National Bureau of Economic Research put it, “Tax changes have very large effects: an exogenous tax increase of 1 percent of GDP lowers real GDP by roughly 2 to 3 percent.”
And yet what do Obama and the Democrats keep doing? Obama is back to the same utterly failed Marxist class warfare tactics that have failed before. In the 1990s, Democrats imposed a “luxury tax” on items such as yachts, believing that the wealthy “could afford it.” Maybe they could and maybe they couldn’t, but the FACT was that the rich STOPPED buying yachts. As in stopped completely. As in NOBODY bought a yachtwith that damn tax on it. The Democrats finally rescinded that stupid tax two years later after destroying the yach building and yacht maintenance industries and killing over 100,000 jobs. Rich people weren’t hurt at all; ordinary people were devastated.
And now Obama wants to do the same thing with corporate jets that previous Democrats did to yachts. And they only people who will get hurt if Obama gets his way are the companies that hire people to build and maintain those jets and the workers themselves who will lose their jobs and their livelihoods. And the only thing that is stopping this rape of businesses, workers and the economy that depends on workers and businesses are Republicans. Even if many of the very people who are most hurt by Democrats Marxist class warfare policies are too stupid to know it.
It’s not enough to say that the Democrats’ thesis is false; the Democrats’ thesis has been utterly refuted before the world’s very eyes in Europe. Our problem isn’t that we’re not enough like Europe; the very failure of Europe itself proves that our problem is that we’re already TOO MUCH like Europe.
We’ve got the second highest corporate tax rate in the entire world right now; and the United States is literally more communist than China now in many ways. I submit that you must have both a mental and a moral problem in order to think raising those taxes and increasing regulations will somehow make our problems go away. And yet that is precisely what Democrats foolishly believe.