Joe the plumber

Joe Wurzelbacher

"Your new tax plan is going to tax me more, isn't it?" the plumber asked, complaining that he was being taxed "more and more for fulfilling the American dream."

Barack Obama

"It's not that I want to punish your success. I just want to make sure that everybody who is behind you, that they've got a chance for success too,"

"My attitude is that if the economy's good for folks from the bottom up, it's gonna be good for everybody ... I think when you spread the wealth around, it's good for everybody."

Every two decades, more or less, there is a new guy coming out, explaining that the market doesn't work, that when the tide is high the majority of the boats will be stuck on the bottom, blah, blah....
Why does it happen every two decades (+ or -)? My theory is that you need to appeal to the young people to push this idea each time. Young people don't rely much on experience. The reason why now is working great is because nobody I know that is younger than me understand anything about history, and here starts the problem. But is doesn't end there, I don't see people understanding economy around. Today we are surrounded by ready-to-eat information, we tend not to study a problem, not to analyze and not to calculate. The result is that almost everybody prefers to read the "answer" to a problem in a free-of-charge street distributed newspaper (I'm sure there is at least one in your town too) instead of verifying the problem with the data we know, why? Cos people don't know anything. They just pick the nicest theory around.

If to this you add the ability of the MSM to avoid the reality but to feed you only certain news, the laziness of young minds to think cos they fall into the belief their mind are better than their parents' simply cos "now" they swim well in the technological broth and their parents are lost in it, the radicalized presence of 68ers teachers all over the 1st world and what they preach

I cannot even think to explain how wrong it is Obama's vision of economics.
What he just explained in a couple of sentences (see above), it is the pure definition of Socialism. And it never worked.
You can see multiple example in South America.
If you take away with taxes from a guy who has already too much taxes to pay the result is that he will not hire anybody. But then you're taxing also other ppl, so they will not buy services around anymore, they'll try to do it themselves, like you do in a isolated farm, the result is called: recession.
Recession is not when the stock market hit a bump. Recession is when at the end of the month the people doesn't have enough to spend. What's the strategy of Mr Obama for that? More taxes so we can redistribute wealth around. Any country that tried redistribution failed. The reason? There are many, some are economical, some are philosophical.
When you take away the money a person gain through his work you are telling him two things: hide the money or work less.
When you give the money to a person that doesn't work you are saying: don't work or keep working undocumented cos this way you get two salaries.

The problem is that when you go that far in elevating to the gods this shapeless shiny object called "for the common good", you will destroy more and more the good of the single person, to the point in which you'll go from taxing the money, to taxing the private property and, eventually to take away the ownership of that private property. Excuses and reasons will always be provided, you can be sure of that. Here is the opinion of a Columbia University professor about it, yes, one of those mind-shaper you pay thousands and thousands of dollars to have your sons lobotomized by:

The answer to global warming is in the abolition of private property and production for human need. A socialist world would place an enormous priority on alternative energy sources. This is what ecologically-minded socialists have been exploring for quite some time now.
Louis Proyect

You implement a system like this and you have a rotten economy within a decade.

I don't like the economical proposals done by McCain either but the Obama's ones are a sad, sad joke.

UPDATE 01: