Tuesday, September 25, 2012

Learning 'Rithmetic of Class Warfare

Economics 101 has some very significant Mathematics prerequisites to enable understanding of the subject.  So when President Barack Obama tosses around yet another frivolous statement about justifying his view of redistributing wealth one needs to look a little further into his assertion, to see the paucity of his claims.

From Obama's Jobs Speech made to a joint session of Congress Sept 20111
Should we keep tax breaks for millionaires and billionaires? Or should we put teachers back to work so our kids can graduate ready for college and good jobs? Right now, we can't afford to do both. This isn't political grandstanding. This isn't class warfare. This is simple math
Evidently President Obama cannot do the simple math required to recognize that, much as this approach appeals to the baser side of human nature, the real math (explained here) is: there is insufficient money with the rich, even if you took it ALL!  It only amounts to about $1 trillion of Obama's $5 trillion of debt he has racked up in the last 3 1/2 years. I wrote about this earlier in a post that showed the video of Bill Whittle explaining it.

Here is some of the text from that video:
At this point, we've drained every penny from the wealthy, so we're going to have to ask everyone else to chip in $40 per person.  That covers us through the end of the year.

See how easy it is!  Michael Moore and the left are right!  If we just took all the money from the rich, we could fund all of our wonderful government programs for a whole year!  Of course, the problem then becomes that January 1st is here again and we've got another year to pay for in front of us.

But having taken every penny from "the wealthy" to barely pay for just one year, what do we do then?  Keep in mind that the vast majority of Americans will have lost their jobs given that we decimated those "fat cat" companies who just so happen to also be our country's largest employers.

This is the short-sightedness of the liberal left's class warfare.  They guarantee their political success by promising you goodies from someone else's pockets.  But we've followed their prescription for so long now that we're at a crisis point.  Our budget is unsustainable.  Pretending otherwise is beyond foolish - it's economic suicide.
This shows the disingenuous nature of Obama's arguments.  They really are simply class warfare, to pander to a block of voters to help him stay in power, and continue to improve his golf game.

Fortunately for our country we have some people with skills and the competence to understand the math running to replace Obama in the White House.  They have the three R's needed for our Countries future,  Romney Ryan 'N Recovery.

And once we get started on that, we have a huge need to replace those in Congress that have been supporting the math challenged massive spending spree approach.  Here in MNCD4 we need to retire Representative Betty McCollum whose support of the non-existant Obama Economics plan was discussed earlier.

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