Obama Didn’t Move to the Middle… He Pulled a Page Straight Out of FDR History By Extending Bush Tax Cuts
Posted by Jim Hoft on Saturday, December 18, 2010, 10:16 AM
He’s no moderate.
Barack Obama took a page straight out of FDR history this week when he extended the Bush tax cuts.
Clifton Chadwick discovered this:
I am going to summarize and quote from a very good book New Deal or Raw Deal? on Roosevelt by Burton Folsom Jr.
… two weeks before the election (of 1932) Roosevelt decided to take a clear and unwavering stand for balancing the budget. He blamed Hoover for the economic woes of the country and said it was caused by the lack of a balanced budget. “I shall approach the problem of carrying out the plain precept of our Party which is to reduce the cost of current Federal Government operations by 25 percent,” he said (page 213). After taking office his serious budget Director, Lewis Douglas, “…watch in horror as the president expanded the federal government and ran up deficits much greater than those of Hoover.” When he ran for re-election in 1936 he had to explain why his government had done the opposite of what he had promised. In Pittsbugh on October 1, 1936 he explained that he had reveresed course in order to save the American people!! He said that when choosing between people and his promise of a balanced budget he chose people and that to have done other wise “would have been a crime against the American people.” (page 222).
That is what Obama did in early December. After claiming throughout the 2008 campaign that the Bush tax cuts had to go, he came out with the idea that he couldn’t hold the American people hostage!! Pure FDR, and pure scoundrel (hiding behind the flag and the people).
ADVERTISEMENT
-
Featured Story:
NEWLY DISCOVERED VIDEO Previously Scrubbed From YouTube Shows Trayvon Martin Participating in Local Fight Club
Published May 21, 2012 at 12:19 am - 55 Comments
bg commented:
++
heh, what did we expect.. i mean, everything old
is new again, and Obama is, well, everything.. /s/
==
M Malone commented:
The sooner people realize that these folks are not reinventing the wheel, the better off we’ll all be.
vote for pedro commented:
Progressives depend on short memories and an uneducated populace.
cal rifkin commented:
100 % agree with that!! They need to be slammed, pounded, not once, but forever…time to start edjucatin’ the people that progressives=marxists.
RedBeard commented:
Obama is nothing but a devious opportunistic liar, and any other take on his personality is overly generous. Or sociopathic lunacy, as is the case with Chrissy Matthews having another near-orgasmic moment over Obama’s cute smile yesterday.
LimoLibsStink commented:
0bama:
I had a dream that I hoodwink the stupid taxpayer into paying for shamnesty. It failed.
I had a dream a I could philander the greatest gerrymander through the backdoor…just like Barney Frank. It has gone up in smoke. I had a dream to raise taxes on the working taxpayer. It has gone down the drain!
I had a dream the I could become re-electable. It has gone down the toilet!
I now have a dream of destroying what is left of the economy! I plan to drive up unemployment insurance so high the employing people will be impossible! Next, I have a dream drive down the dollar until it is equal to one Mexican peso and creating inflation the size of my ego! I have a dream to destroy the entire housing market. I hope your will help me realize that dream!
I hope that you will help me by voting with your union bosses… because all union bosses are created equal regardless of criminal activities…er, i lost my lines and had to wing it. Please adjust the teleprompter. That is better.
I have a dream to make America suck worse that Barney Frank. So, quit your job, get on the dole and become part of my dream!
My limousine is running and Barney Frank is in the back to give me a pointer. I will be smoking some HugoGold and dreaming more dreams. I can’t answer any questions. Bill will. I suck and quit saying Muck the President. Good day.
Luckyone commented:
No matter what, he has ObamaCare hanging around his neck.
BigAlSouth commented:
No. Unsustainable spending is THE crime against the American people.
TheTriGuy commented:
And Big Al, remember that it wasn’t all that long ago Barry said “we can’t keep spending as if the deficit doesn’t matter.” Barry is a liar and a thief. If anyone wants me to substantiate either of those charges just ask.
P. Aaron commented:
If one examines the entire record, FDR was a really crappy president.
Joanne commented:
If anyone actually believes Obama had a change of heart, they should give their head a shake. Obama plays the game all the time.
xqqme commented:
12/15/10- President Obama met with 20 prominent CEOs Wednesday, saying the session focused on jobs and how to get companies to pump the billions of dollars they’re holding into the economy.
“We focused on jobs and investment, and they [the CEOs] feel optimistic that, by working together, we can get some of that cash off the sidelines,” Obama said as he walked back to the White House from the meeting.
Undistributed profits tax in 5….4…..3…..2…..1……
The players have changed but the sound remains the same.
“Anyone may arrange his affairs so that his taxes shall be as low as
possible; he is not bound to choose that pattern which best pays the
treasury. There is not even a patriotic duty to increase one’s taxes.
Over and over again the Courts have said that there is nothing sinister
in so arranging affairs as to keep taxes as low as possible. Everyone
does it, rich and poor alike and all do right, for nobody owes any
public duty to pay more than the law demands.”
Source: in the case of Gregory v. Helvering 69 F.2d 809, 810 (2d Cir. 1934), aff’d, 293 U.S. 465, 55 S.Ct. 266, 79 L.Ed. 596 (1935)
The supreme court has said “the legal right of a taxpayer to decrease the amount of what otherwise would be his taxes, or altogether avoid them, by means which the law permits, cannot be doubted. (U.S. Supreme Court Justice Sutherland, Gregory vs. Helvering, 293 U.S. 465, 1965.’
Diane Valencen commented:
If Obama could have four terms . . .
m commented:
Obama will be a one term President. He have a lack of inexperience and leadership.
Hank Brown commented:
FDR caused more damage (relative to what he started with) than any other president in history. Yet he is remembered as a superhero who “saved us from the Depression.”
In actuality he did a whole lot more than Hoover to amplify the Great Depression. But he’s a hero of the left because he knew how to dupe the voters so effectively, and pass the blame off onto the political opposition. Don’t get me started.