Dick Morris says Obama's tax plan will Wreck Economy

[sagesnow]

How do I reply to this attack on Obama's tax plan?
This article was sent to me by my RightWingNut brother who is afraid the "Gubment" is gonna get his guns.

http://www.dickmorris.com/blog/

OBAMA'S TAXES COULD WRECK ECONOMY

By DICK MORRIS & EILEEN MCGANN

Published on DickMorris.com on September 22, 2008

Printer-Friendly Version

Whatever is left of the economy after the current round of crisis interventions by the Fed could go down the drain if Obama is elected and carries out his plans for sharp increases in taxation. Even if Obama does not understand the linkage, most Americans do and will turn sharply against Obama's tax plans if McCain hammers away at the risk they pose for us all.

During the Great Depression, Congress raised taxes sharply in the Revenue Act of 1932. The top rate went from 25% to 63%. As a result, the real GDP dropped by 13.3% and unemployment rose from 15.9% to 23.6%.

[NewJeffCT]

1. Didn't they say the same thing about Clinton's tax plan

in 93 or 94?

[ShortnFiery]

4. Yeah, too bad Bill Clinton is now seemingly siding with DICK morris.

:nuke:

[ErinBerin84]

2. lol....dick morris. Remember

his electoral map that was posted here last week? Good times, good times.

[Lucky 13]

3. Oh, Dick Morris says so? Well lets just keep doing what we have been doing...

... it's worked out so great for us.

:eyes:

[Pathwalker]

5. Too late, you idiot - it's already wrecked. Go suck another toe.

n/t

[SuperTrouper]

36. he has developed Mad Cow Disease or Mad Pundit Disease from sucking on the wrong toe

[bevoette]

6. no, it won't...because it's already been wrecked (nm)

[SurfingAtWork]

7. I think that some toe nail fungus got into his system

From one of the prostitute's toes he sucked, and it is causing him dementia.

[NJmaverick]

8. Easy- Dick Morris knows nothing about economics or the economy

however if you need to know something about toe sucking, he's your man.

[central scrutinizer]

9. Toe sucker is lying - somebody find that WaPo chart on taxes

I don't have the time to hunt for it.

[Overseas]

10. And golly, Dick Morris is such an honest guy.

:sarcasm:

[Kalyke]

11. It might wreck the economy for the top 1 percent, but it's going

to make the average Joe and Jill's economy much better.

The only "sharp increases" in taxation may effect Dick "Toe Sucker" Morris, but won't effect 95 percent of the rest of us 'have nots.'

:eyes:

[Owl]

12. Dick Morris is a dick who doesn't know jack.

[tridim]

13. The economy is already "wrecked"

And we're broke because of Bush's massive tax cuts for the rich.

As usual, Dick Morris is just being a dick.

[Johonny]

28. yah too late

Man I'd hate to wreck this economy

[dchill]

14. FOX News only employs two groups of people...

the stupid and the insane. Dick Morris was concerned that we might have forgotten that fact.

[Sebastian Doyle]

15. Whose toes are you sucking now, DICK??

Translation: "Obama's tax plan would cost my worthless toe sucking rich ass some money, so I hate it :cry:"

[applegrove]

16. The top rate in this case isn't going to 63%. It is only going as high as

it was during the Clinton years.

[npincus]

17. all that toe-sucking made him light-headed

[Canuckistanian]

18. In Dick Morris' defence

He IS a lying sack of shit.

[BumRushDaShow]

19. But did you see Dick Morris' Electoral Vote map done the same day?

http://w3.newsmax.com/a/morrismap/?promo_code=2A89-1

where he says:

The Sarah Palin effect has run its course and the election, driven by the economy and the recent financial crisis, has moved back to its pre-convention pattern with a slight Obama lead, averaging 2 points in the popular vote.

Because small changes in the popular vote cause huge swings in the electoral vote, a number of key states have moved into Obama's column. Florida may now be said to be leaning for Obama while Ohio, Virginia, Missouri, Arkansas, Colorado, and Nevada have become toss ups.

It is clear that McCain must swing the economy around to become an issue


that works in his favor if he is to have a shot at winning. A 2 point Obama edge may not seem like much, but it is enough to produce a big electoral win and it is very hard for McCain to overtake such a lead.

What's wild is that he has Arkansas in the "toss-up" group. :wtf: That's definitely the first time thatI have heard that! :rofl:

[Every Man A King]

20. Tell him to look at this

http://www.truthandpolitics.org/top-rates.php

Focus on 1925-1931.. then see what got us out of the Great Depression.

[Cha]

21. Where the Fuck has dick been?

The Economy is WRECKED because of his slime A$$ociates.

[DinahMoeHum]

22. Piss Off, Toe-Sucker.

n/t

[chitty]

23. Why would anyone listen to this

fucking Bozo?

What makes him an economic wiz?

Was he a POW too?

[sagesnow]

27. This crap is being sent around by RWNuts and

I would like to be able to counter it with objective and truthful analysis from thoughtful analysis from democrats. Maybe I could find a article from Krugman or ....any suggestions would be helpful.

[TheKentuckian]

24. Maybe mention the largest tax increase in history for the working/middle class

When McHoover starts hitting us up on an additional 12k from his crazed health plan.

Its also based on a fairly false premise. Even for the richest of the rich, the rate will be less than it was under Reagan and similar to what it was under Clinton.

Most importantly, his peeps have wrecked our economy, we didn't get squat, we did not reinvest in our infrastructure which puts us at a competitive disadvantage in the world market and has us continuing to hemorrhage nearly a trillion a year to foreign countries for power, and have turned us into a poorer version of China, since we'll have to borrow from them to go "commie".

[sagesnow]

25. Here's how I defended Obama's plan

If tax cuts for the wealthy work, why are we in a recession now? I'm sure the Repuke answer will be that it's all Bill Clinton's fault, even though the US economy had a budget surplus during his administration.

Here's a comparison between Obama's and McCain's tax plans:
http://money.cnn.com/2008/06/11/news/economy/candidates_taxproposals_tpc/index.htm?cnn=yes

Personally I would save over a $1,000 if Obama's becomes president. Middle and lower class income persons spend more money and thereby drive the economy upward simply because they Have to pay rent and buy bread. Keep drinking that Neocon koolaide...

[PA Democrat]

26. The prostitute toe sucker, Dick Morris should stick to topics of which he has basic knowledge,

like the going price for call girls.

[FKA MNChimpH8R]

29. Morris is so crooked he has to be screwed into his pants every day

and a colossal dumbfuck to boot. The highest marginal income tax rates were during that economic death valley that was the post-WWII expansion that created the modern middle class.

[Bensthename]

30. Morris is the biggest RW cook of them all. What he says does not matter to any one.

[freestyle]

31. Unless your brother makes over 250K, he will pay less taxes.

Those are the facts. Why anyone pays any attention to Dick Morris is beyond me.

[okieinpain]

32. man I wonder how morris feels about bush.

[dave29]

33. Already wrecked!

The sky has already fallen, Dick!

[Jennicut]

34. Gross toe sucker.

Dick Morris grosses me out.

[wowimthere]

35. he must think it's in great shape under Bush. Where do they get these clowns?

[jesus_of_suburbia]

37. Obama's tax plan is the only way to save our economy. Trickle Down Economics DOESN'T WORK!

I so hate Dick Morris.

He is sleazier than Carville.