Tuesday, September 20, 2011
Buffett Tax: “This is not class warfare, it’s math.”
Obama loves class warfare. He has played the class warfare card over and over again to the point of a broken record. Obama frames the class warfare argument with the answer to the argument being tax increases.
Keep the above in mind for a moment.
FDR loved class warfare. He played the class warfare card over and over again to the point of a broken record. FDR framed the class warfare argument and answered the argument with multiple tax increases.
In Jim Powell’s book FDR’s Folly he points out the following:
(a) during and after the 1937 “recession within a depression” FDR continued to bang the drum of class warfare rhetoric,
(b) after the 1937 the real live, real time people living in the depression began to reject FDR’s class warfare rhetoric as FDR had been banging the drum for years [the depression was the doing of “rich” people] yet the depression lingered on and got worse [1937 recession].
(c) after 1937 congress began passing tax decreases and that congress became more and more Republican (voters electing those representing the opposite argument to FDR’s class warfare/tax argument). (2)
(1) Obama proposes $1.5 trillion in new taxes http://www.msnbc.msn.com/id/44578820/ns/politics-white_house/
(2) FDR's Folly, How Roosevelt and His New Deal Prolonged the Great Depression, Three Rivers Press, NY, NY 2003