|
|
|
October 15, 2008
Plumber Joe
The above video shows the encounter of Plumber Joe Wurzelbacher with Senator Obama on the campaign trail. Joe is not a happy camper. He wants to buy a business. The business makes too much money, over $250,000, and Joe knows his taxes are going up under Obama. Now here is where it gets tricky: Obama said, "My attitude is that if the economy's good for folks from the bottom up, it's gonna be good for everybody. If you've got a plumbing business, you're gonna be better off if you're gonna be better off if you've got a whole bunch of customers who can afford to hire you, and right now everybody's so pinched that business is bad for everybody and I think when you spread the wealth around, it's good for everybody."Nice attitude you got Senator. Is it supported by the University of Chicago Economics Department? I don't think so. Now how do economies actually get better off? Not by spreading the wealth. They get better off by more production. Passing out money may be OK as an emergency measure but making it a permanent feature has the bad effect of reducing incentive. Which reduces output. So the Senator wants to reduce economic output with higher taxes and reduce government income with higher taxes in the name of fairness. What is fair about an under producing economy? Cross Posted at Power and Control Commenter Andrew has suggested this unedited YouTube version for those of who would want to see more. I also have another post up Joe The Plumber. posted by Simon on 10.15.08 at 11:26 PM
Comments
The Fox news clip is heavily edited. Full version of Joe and Obama is here... http://www.youtube.com/watch?v=vFC9jv9jfoA I think Joe raised a fair question, and Obama gave a great answer. Andrew · October 16, 2008 07:43 AM Post a comment
You may use basic HTML for formatting.
|
|
October 2008
WORLD-WIDE CALENDAR
Search the Site
E-mail
Classics To Go
Archives
October 2008
September 2008 August 2008 July 2008 June 2008 May 2008 April 2008 March 2008 February 2008 January 2008 December 2007 November 2007 October 2007 September 2007 August 2007 July 2007 June 2007 May 2007 April 2007 March 2007 February 2007 January 2007 December 2006 November 2006 October 2006 September 2006 August 2006 July 2006 June 2006 May 2006 April 2006 March 2006 February 2006 January 2006 December 2005 November 2005 October 2005 September 2005 August 2005 July 2005 June 2005 May 2005 April 2005 March 2005 February 2005 January 2005 December 2004 November 2004 October 2004 September 2004 August 2004 July 2004 June 2004 May 2004 April 2004 March 2004 February 2004 January 2004 December 2003 November 2003 October 2003 September 2003 August 2003 July 2003 June 2003 May 2003 May 2002 AB 1634 MBAPBSAAGOP Skepticism See more archives here Old (Blogspot) archives
Recent Entries
• Friend of the working class?
• Careful what you ask for.... • 200,000 Fraudulent Registrations In Ohio? • Plumber Joe • Youth and idealism versus age and experience • Joe The Plumber • Vicious McCain threat undermines the price of oil! • "ex" bombers and double standards • It took balls to write this book.... • A lingering worry I hope is groundless...
Links
Site Credits
|
|
I think Joe the plumber is screwed if Obama wins. He's going to have the IRS, and every regulatory alphabet soup agency of the federal government, crawling up his ass.
Speaking of which part of the anatomy, here I am speaking through mine: doesn't it "spread the wealth" when people independently engage in commerce? You know, buy and sell, trade, exchange goods and services? I sadly suffer from a non Ivy League degree and obviously lack Obama's leg tingling smartitude, but why does every pronouncement from him sound like it was cribbed from Marx and filtered through William Jennings Bryan?