Frightening… Once Again Obama Says We Tried Free Market “It Did Not Work”

And his dopey minions cheered when he said it.
Barack Obama told supporters yesterday in Florida that free market principles failed.

He also pushed his Buffet rule to redistribute wealth.

Real Clear Politics reported:

“If we would just convert these investments that we’re making through out government in education, research and healthcare. If we just turn those into tax cuts, especially for the wealthy, then somehow the economy is going to grow stronger. That’s the theory,” President Obama said about the right at a campaign event on the tax code in Boca Raton, Florida today.

Here is the news. We tried this for eight years before I took office. We tried it. It is not like we did not try it. At the beginning of the last decade, the wealthiest Americans got two huge tax cuts, in 2001 and 2003. Meanwhile, insurance companies, financial institutions, there were all allowed to write their own rules, find their way around the rules. We were told the same thing we’re being told now — this is going to lead to faster job growth, it’s going to lead to greater prosperity for everybody. Guess what? It didn’t,” he said an audience at Florida Atlantic University.

He’s really hoping you’re not paying attention.

As the chart below reveals – historically, when Americans were allowed to keep more of their money, the national deficit decreased, tax revenues increased and jobs were created. During the Obama years the exact opposite actions were taken resulting in devastating results.

(J. Hoft Chart)
Obama’s hoping is hoping you’re uninformed and stupid.

By the way… It’s not the first time he tried to persuade an audience that free markets and liberty did not work.

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  • Bill Mitchell

    We had 6 years of uninterrupted prosperity under Bush. Things only fell apart after the Dems took Congress. Why is it physically impossible for any Republican to ever say that? Why do we allow the left to demagogue this issue as if Bush’s entire 8 years were worse than the great depression?

    Bush’ numbers were as good or better than their big hero Bill Clinton but we NEVER say it.

    Worst of all, WHY THE HELL DOESN’T BUSH EVER SAY IT???!!! The #1 thing that has always annoyed me the most about Bush is his refusal to punch back and stand up for himself.

  • Multitude

    Welcome to Second Revolution. Lenin would be so proud of lil’ Barack.

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  • Taqiyyotomist

    Well, we know that Marxism works! Just ask Walter Duranty, he’ll tell ya!


    OT: From Wisconsin, via Bad Blue

  • Redwine

    The treasonous tyrant needs to be called out. Impeachment is imperative.
    Wake up the stupid GOP.
    Romney, will you say something?

    God help us!

  • jorgen

    We tried this for eight years before I took office.

    He, another “Bush did it!” defense. However, if Obama hadn’t been affirmative-action-educated, he would know that the free market existed even before Bush!

  • Sasja


    I don’t know if anyone tuned in to the Huckster yesterday…I’m not sure he is even on any station in my area. Be that as it may. Found this at American Spectator and got a big kick of it.

  • valerie

    Holy corruption, Batman!

    This is how the Obama administration awards contracts.

    These jokers want to turn us into Mexico. We don’t need to do this.

  • atticcellar

    The free market works.. It has for thousands of years.. What doesn’t work; fiat currency. Every fiat currency thorughout recorded history has failed. Ours shall be no differnt. They shall return to thier real value, the paper they are printed on. End the wars, End the FED.. Vote independent.. Vote Ron Paul..

  • Finncrisp

    This big, big lie that capitalism is the source of all misery is complete fantasy. Barry’s big Marxism and over regulation of everything and takeover of everything he can get under the boot of government is what is sinking the HMS America.

    This despot must be stopped. Obviously, Mr. Reid has no stomach for impeachment, let along passing a budget, or doing much of anything these days. We must vote and throw all these bums out we can this cycle, and repeat in 2014. We are almost out of time to act. Will you?

  • Michael

    I sincerely believe oBama when he says he’s not trying to “redistribute the wealth.”

    What he is doing is redistributing poverty and dependance.

  • Finncrisp

    Additionally, his dopey reasoning is not fact based, it is strictly an emotional argument because there are no facts to support his lie. The steno pool in the main stream media has been lobotomized, so they will not challenge anything that Barry says. So the lie will continue to be reported and reported and reported. We must resist and continue to share the truth with anyone who will listen.

    Dark days ahead if we don’t all do our part.

  • Chippy

    Free Markets don’t work when Communists get in the way!

  • Finncrisp

    So, was shutting down production in the gulf by the government free market, was denying permits for onshore exploration by the government free market, was awarding vast sums of money to failed green ventures by the government free market, was pulling approval for the gateway pipe line from Canada free market, was ObamaCare free market, was the end of coal fired power plant construction by the government free market, was shutting off the water in the San Joaquin valley free market?

    I guess I am having trouble thinking what free market idea that Barry even tried. Anybody?

  • valerie

    Regardless of what the President might say, or might wish, his policies have wiped out the wealth of our hard-working black families.

    This is a very different story from the policies during the Bush administration. We lost a million jobs as an aftereffect of the 9/11 attacks, and yet our economy still recovered, blacks along with everybody else.

  • donh

    I…I…I…I…I…Eye…I..Aye….I..I …tell you …. the golden Buffet rule ……All you can eat is A..A..A…A…A..A…free market offer…. not Ah Ah Ah Ah challenge….. and and and and free markets don’t work because too many people stuff their faces !

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  • valerie

    All you need to know about the magic Buffet Rule, in one graph:

    original graph from Ace of Spades HQ.

    Our present government: confirmed non-math majors and non-readers, one and all.

  • StrangernFiction

    Pure Evil

  • Indiana

    What a loser. Losing our perfect credit rating didn’t even phase him. In Obammy’s fairy tale world, you don’t even have to balance a check book. Historically….money just appeared in his pocket every time he needed it. He’s got the fiscal experience of an eight-year-old.