Limbaugh Predicts Economic Collapse If Obama Wins

[RoyGBiv]

Interesting first post.

Rush is a very large bag of very hot air. I am not a fan.
He is the Right's Rachel Maddow. Rush does us few favors with his speak-->think.
I suspect all the doomsayers (in both directions) are overstating things.
America is quite resilient.

All that said, there is LOTS of merit to the notion that we will experience economic hardship if Dear Leader is re-elected.

[psijac]

Texas will be fine. Does anything after that matter?

[WildBill]

Rush is a very large bag of very hot air.

[powerboatr]

Rush is a very large bag of very hot air.

AGREED
more air and o lots of commercials to say diddly

[misterholt]

It's all fear driven. You have to understand the whole budgeting of the US Govt. All the money we owe, we owe ourselves. It's not like if one day China woke up and wanted their money back, we'd be speaking Chinese.

I think there will be a hard time ahead of us but you can't solely blame that on one man. Ben Bernanke (spelling?) the Federal Reserve Chairman of the Board has an absolutely horrible fiscal policy and a TERRIBLE idea/plan of action with this open ended Quantitative Easing.

On top of that our Congress voted to bail out banks and auto makers and unfortunately they restricted them from lending so it hurt us more than it helped.

Rush Limbaugh is no better than the corner preacher talking about hell and brimstone. Unfortunately for the population he obtained a SEC licence.

[AEA]

Rush is a very large bag of very hot air.

AGREED
more air and o lots of commercials to say diddly

[glockstero]

One thing for sure, voting for obama is like stabbing your own kid in the back with a dirty blade. The high tax rates to repay 16 trillion in debt (and growing) the next generation will have to deal with will have them growing up in an America we wouldn't even recognize.

[surprise_i'm_armed]

One thing for sure, voting for obama is like stabbing your own kid in the back with a dirty blade. The high tax rates to repay 16 trillion in debt (and growing) the next generation will have to deal with will have them growing up in an America we wouldn't even recognize.

Well, Romney's proposing even more tax cuts if he gets in, so I don't see how his arithmetic is going to work for
the national benefit either.

The Bush tax cuts were enacted in 2001 and 2003 in order to help the "job creators" create jobs.
Well, where's the jobs?

The deficit has ballooned under both Bush, Jr. and Obama.

American corporations are sitting on a huge mountain of cash, but not creating jobs, due to diminished demand
for goods and services.

Would a Romney presidency do anything to free up corporate money to hire folks?

Why does the economy always have to stimulated? Why can't it grow naturally without government turning all
kinds of knobs?

SIA

[glockstero]

Would a Romney presidency do anything to free up corporate money to hire folks?

I'm willing to try Romney. By ALL objective measures Obama's ideas have made things worse. We made a huge mistake electing someone with ZERO experience doing anything but community organizing in Chicago. Look how that city is doing.

[RoyGBiv]

Well, Romney's proposing even more tax cuts if he gets in, so I don't see how his arithmetic is going to work for
the national benefit either.

The Bush tax cuts were enacted in 2001 and 2003 in order to help the "job creators" create jobs.
Well, where's the jobs?

The deficit has ballooned under both Bush, Jr. and Obama.

American corporations are sitting on a huge mountain of cash, but not creating jobs, due to diminished demand
for goods and services.

Would a Romney presidency do anything to free up corporate money to hire folks?

Why does the economy always have to stimulated? Why can't it grow naturally without government turning all
kinds of knobs?

SIA

Oh gosh... where to begin...

Romney is proposing cutting loopholes and then lowering rates. This not necessarily a tax cut for anyone. It's TBD.

The Bush tax cuts were intended to be permanent, but the Dems last minute politicking undid that. Then Bush went on to allow wild, out of control spending. It was not only his fault, but he failed (miserably) to lead to block it. BUSH IS NOT ROMNEY, RYAN IS A DEFICIT HAWK. DRAWING CONCLUSIONS ABOUT ROMNEY FROM BUSH IS A HUGE MISTAKE.

American corporations are not creating jobs IN AMERICA for a variety of reasons. 1. Demand is down, but even more critically... 2. Economic uncertainty, 3. regulatory uncertainty and regulatory burden (how may coal and other energy jobs are going under for this Presidents idealogical energy policy?), 4. inability to repatriate money from overseas operations without getting hit with a huge tax, 5. Government interference (XL pipeline anyone?).. I could go on... You should do some critical research..

The economy does not have to be tinkered with... It needs to be left alone and regulated only lightly to ensure as level as possible a playing field. The problem is that the economy has been so tinkered with that it cannot maintain its own balance. Why? Because every time there's a hiccup, Americans think the government should "DO SOMETHING",... Americans are too stupid to realize, after myriad examples over 240+ years, that government intervention is rarely a good thing.

This President (Obama) is an economic IDIOT. Worse than Carter by far, at a time when economic competency is sorely needed. This President is, instead, a damn-the-torpedoes ideologue. Doubling down to the left instead of moving center. This President would rather see us destroyed than miss "his chance" to undo Americas faults, even if it means Americas undoing.

/soapbox.

[WildBill]

Why does the economy always have to stimulated? Why can't it grow naturally without government turning all kinds of knobs?
SIA

Again, I am not an expert. In fact, I dropped out of my macro-economics class in college. So my opinions are not reliable nor economically sound.

My theory about the economy, it that it is mostly controlled by fear and the fears become a self-fullfilling prophecy. When consumer confidence is low people are unsure about their future, jobs, money so they don't want to spent or invest. When people don't spend or invest, companies don't grow or expand. In fact, they usually downsize and lay people off, which causes less confidence and more fear. It's a cycle that is hard to break. Sometimes a good leader can help break out of the downward cycle and then the economy rebounds.

[RoyGBiv]

The economy is driven by supply and demand. I can draw you a simple chart and use it to explain with reasonable certainty the answer to any economic question assuming an unregulated market. Rational people will behave in very predictable ways. It's not rocket science.

[smoothoperator]

Texas will be fine. Does anything after that matter?

[WildBill]

The economy is driven by supply and demand. I can draw you a simple chart and use it to explain with reasonable certainty the answer to any economic question assuming an unregulated market.

I learned about the same chart in Economics 101.

Rational people will behave in very predictable ways.

I think that fear and uncertainty make people think less rationally.

[The Annoyed Man]

Well, Romney's proposing even more tax cuts if he gets in, so I don't see how his arithmetic is going to work for the national benefit either.

The principle is simple: lower tax rates stimulate the economy. The stimulated economy results in more more taxes paid, which is more revenue for the government. More revenue for the government means the debt gets paid down at a faster rate.......as long as democrats don't get their hands on the additional revenue so that they can buy more votes with it.

How do we accomplish this? By holding our noses, putting aside our STUPID pride, and voting for the only candidate that has a snowball's chance of beating Obama—the proven business leader who doesn't need your money and actually refused a salary as governor, who actually understands how the economy works and is secure enough in his person that he does need your love, only your help, to get it done.

Mitt Romney.