barack obama equals herbert hoover (security, Reed, layoff, economy)

[floridasandy]

Barack Obama equals Herbert Hoover.

“Now is not the time to adopt the policies of Herbert Hoover, protectionism and higher taxes," Blunt told reporters this morning on the day the presumptive nominee is to visit St. Louis.

In response to the Depression, Hoover did exaclty the wrong thing, Blunt said. He raised taxes on the wealthy and signed what Blunt called a devastating tariff that undermined the economy.

"Higher taxes on people who create jobs and economic opportunity always have a detrimental effect," Blunt said.

Obama's record suggests he would do the same thing, raising income, Social Security and corporte taxes during difficult economic times "to support his massive new domestic spending."

[dugdogmaster]

I agree, totally the wrong thing to do in our economic state. Raise taxes on the job creators, restrict exports. This type of policy will put an even tighter strangle hold on our economy. Yoi! What is this guy thinking?

[Jerseyt719]

I'm in agreement as well. Let's face it, rich business people are greedy and always want more in their pocket. You take it from them, they will find the best way to give it back to themselves which will be to layoff workers.
On the flip side, the more they have, the more they want and will hire people to get it.
You have to spend money to make it, but if it's being taken from you, you just find another way.

[momonkey]

On the economic front, yes. But I see him as more of a Jimmy Carter, just without the decent moral character the Carter was known for having. Maybe it's more the set of circumstances we're in that causes me to say that. The older folks know what I'm referring to.