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Obama's Fundamental Weakness

Posted by: Jeff Hopkins | 10/13/2008 12:40 PM

Obama is absolutely wrong. The fundamentals of the U.S. economy are strong.

Fundamental refers to, "involving basic facts or principles, " and, "serving as an essential component".

Economy refers to, " A realized system of human activities related to the production, distribution, exchange, and consumption of goods and services of a country."

Even in this economic turmoil, we continue to go to work, and probably work harder than ever due to the perceived instability. A strong economic fundamental: if we go to work, we are strong. If we give up, we lose. We don't want to lose. This philosophy is why we work hard, and this philosophy is what makes our country great.

Even in this economic turmoil, we pay our mortgage and take care of our families with the money we earn through our hard work. A strong economic fundamental: if we work hard, we are rewarded with an honest wage, so that we can pay our own mortgage, our own expenses, and take care of our own responsibilities. Once again, if we give up, we lose. We don't want to lose. This philosophy is why we work so hard, and this philosophy is what makes our country so great.

As such, in this perceived economic turmoil, we still work hard, we still pay our own debts, and we still don't want the government to tell us how to live our lives. We are a responsible people, who only want everyone else that calls themselves a U.S. citizen to be responsible and accountable for what they do. The old adage should ring loudly in our ears, "If you don't work, then you don't eat." Think about it, an honest wage for an honest day of work. That's a fundamental of our U.S. economy that is forever strong and should always be held forever in high esteem.

John McCain understands this economic fundamental: reward those that work hard and earn an honest wage by giving them tax breaks. Those that actually pay taxes deserve the tax breaks. Those that don't pay taxes should be thankful for the generosity of the U.S. citizens who pay their taxes in their stead. Those that don't pay taxes should be required to pay something, anything to support this country that we, all of us, call our home.

Obama is clearly lacking and missing the fundamentals of a strong U.S. economy. Obama panders to the non-taxpayers by stating, "I'll cut (income) taxes for 95% of all working families." However, this statement is deceitful. It is generally known that 51% of the higher wage earners pay almost all the income taxes for the whole country, and the remaining 49% of the wage earners do not pay hardly any income tax at all. Why should non-tax-payers get a tax break? How is this fair? Obama wants to punish high-tax-payers with unfair progressive tax rates and reward non-tax-payers with free, undeserved tax rebates. What is this? This is unfair. This is Obama's weakness on the U.S. economy, and this is Obama's clear failure to understand our strong fundamentals of our U.S. economy.
CATEGORY: FEATURE

Comments

Eddie said:

I gotta call BS on this one! You can try to put Lipstick on "This Economy" and it's still "This Ecomomy!" I'd like to see you try this same argument about the "Fundamentals of the Economy being Strong" with the good ole boy's and girls losing their jobs, cash, credit, and homes in Ohio, Pennsylvania, West VA etc...... You may get the hard core "I'd die before I vote for a Black man" Republicans to fall for this for obvious reasons, but thats it! Good try with your attempt of an intellectual spin on the "Strong Fundamentals of this Economy" and your desperate pandering to the hard working Americans that are hurting terribly. They aren't going to be fooled by your BS that This Economy is strong in any way. People don't care about you telling them how "they work so hard!" And references to a "honest wage", accountability, responsibility, etc.....They know they work hard, they're responsible and accountable and the Economy has still failed them. So they don't need a pat on the head or compliments. They need someone who knows the fundamentals of This Economy and every other aspect of This Economy is suffering the 2nd worse Crisis in the History of the U.S. And it got this way by George Bush and Republicans like John McCain voting with him on most of his policies. McCain in addition to admitting he thought the "Fundamentals of our current Economy were strong" is on video saying, (and many people wrongly believe this came from Obama) "I've voted with the President over 90% of the time, even more than most of my colleagues." How can he then say that he's different than Bush? He also said in the Republican Primary Debate, that "I really don't know much about the Ecomomy, I'll have to study up on it." How can he then say he can help us with the Economy? Also, I understand you trying to stand behind McCain's Gaffe about the Fundamentals of the Economy being strong, but how about the 15 other times he said it, got called on it and didn't give the BS explanation about how he meant the "hard working Americans" were the fundamentals of the Economy. I guess he finally got someone like yourself to help him spin it! Pitiful!

Jeff Hopkins said:

This comment is in response to the Eddie comment:

For those that are fiscally conservative, meaning those that are responsible with their finances and live within their means are not suffering in a manner as those that are not fiscally responsible. Those that are fiscally conservative do not typically expect or even rely on the government to take care of them in times of extreme duress and instability. More likely, those that are fiscally conservative have some sort of contingency plan, such as cash reserves, unemployment insurance, and mortgage insurance. Those that are fiscally conservative are able to cut expenses, conserve funds, and stop wasteful spending.

The U.S. economy is strong because a large majority of hardworking U.S. citizens get up every morning, go to work, and earn an honest living. Somebody has to. Fact: if the unemployment rate is 7%, then 93% of U.S. citizens are working and making a living to pay their own debts, their own mortgage, and their own way through life. Is your glass half empty or half full? Your outlook on life tends to determine where you end up. Will you end up on the couch with a remote in your hand? Or, will you comb the streets in search of a better way of life?

It is generally accepted that government intervention in the economy after the “Great Depression” extended this unfortunate period in time. In the current fiscal crisis, we do not need an increase in any taxes because an increase in taxes will only delay the recovery. Instead, we need to cut taxes to encourage growth and cut spending to live within our means. As a nation, we will survive, we will maintain our independence and dominance in the world, and we will continue to be the greatest country ever.

The reality is that the article is not trying to “spin” anything. Another reality is that the article is not trying to “pander” to anyone. The article merely exercises a right to state and assert an opinion, to share views, to talk about something, and to believe in something bigger than a mere "spin" or "pander".

To blame the current economic crisis solely on the President is ludicrous, naive, and ignorant. By virtue of the U.S. Constitution, Article 2, Section 2, the president is granted the following powers:
Clause 1: Commander-in-chief of the armed forces;
Clause 1: Grant reprieves and pardons;
Clause 2: Make Treaties; and
Clause 2: Nominate and Appoint Ambassadors, Officers, and Judges.

Moreover, by virtue of the U.S. Constitution, Article 2, Section 3, the president is given the following responsibilities:
Clause 1: State of the Union Address to Congress;
Clause 2: Call extraordinary sessions of Congress;
Clause 3: Receive foreign representatives;
Clause 4: Execute the law; and
Clause 5: Commission officers.

Nowhere in the U.S Constitution is the President solely responsible for the U.S. economy. Congress should carry an equal burden of responsibility for the U.S. economy. We, the people, should also carry the responsibility for the U.S. economy. We, the people, should elect a President on virtue of his or her ability to fulfill Article 2 powers and Article 3 responsibilities. We, the people, should consider the President’s ability to work with Congress to (1) Establish Justice, (2) Insure Domestic Tranquility, (3) Provide for the Common Defense, (4) Promote (not guarantee) General Welfare (i.e., health, happiness and prosperity for the country), and (5) Secure the Blessings of Liberty to Ourselves and Our Posterity, as prescribed in the preamble of the U.S. Constitution.

We, the people, should consistently strive to be a responsible people, who only want everyone else that calls themselves a U.S. citizen to be responsible and accountable for what they do. We, the people, should not rely solely on the government to promote our own health, our own happiness, and our own prosperity. We, the people, are responsible for our own destiny.

Kevin said:

I agree.

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