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Why does the brilliant Obama not understand that extreme taxes on energy will RAISE prices on EVERYTHING in US?

Does he not understand this? Does he not understand that the price of everything will go up.. food, clothes, goods...

That this will bleed even more well paying manufacturing and transportation jobs away...

However, he is probably going to push through a massive increase in welfare payments so that his primary voting block, the useless inner-city ghetto Blacks, will not be inconvenienced.

What is Obama's DEFECT?

Asked By: Dr. A.B. Hayward, CCIM of BP - 6/16/2010
Best Answer - Chosen by Asker
Carter's inflation was directly tied to fuel prices and availabilty.

If fuel prices go up, unemployment goes up and the artificially low interest rates go away, the misery index will soar.

Misery Index = Inflation + Unemployment

Low Eisenhower 3.28
High Carter 21.98

Obama took it from Bush at 7.49 it is now 12.14.

Enjoy the source.
Answered By: JimSock - 6/16/2010
Additional Answers ()
Of course he knows that will happen. But, why would anybody think Obama cares about hurting Americans?
Answered By: how_would_I_know - 6/16/2010
He is not stupid and of course he understands this. But who fvcking cares -- I don't pay for it anyways. Just embrace change and enjoy helping others become equal. Say no to racism and embrace change.
Answered By: Shahnn - 6/16/2010
He understands this very well. But the USA can not continue to sponge off the rest of the world and its limited resources. Americans have done very well out this uneven sutuiation so far. Now they will have to start paying the real price for their excesses.
Answered By: Robert D - 6/16/2010
He knows that already.
What extreme taxes on energy are you talking about? In the USA oil companies were given tax subsidies even-though they have had record breaking profits since the 'war on terror' started.
Answered By: Mike - 6/16/2010
The point is they will also increase incentives to use less of the stuff made from oil, use less fuel, and most important, increase incentive to INVENT SOMETHING BETTER, because if we don't we're going to have to face a lot worse when the oil finally runs out. That could actually happen pretty soon.
Answered By: Chelfi - 6/16/2010
But the left will still be able to say "He didn't raise taxes" Though I think I'd rather pay a few bucks in extra taxes than dollars on EVERYTHING I buy or use. And then the crying starts about those Greedy companies out sourcing jobs and hurting the economy.
Answered By: warren v - 6/16/2010
The energy bill is asking for clean energy options. If businesses were responsible and cap their emissions. The cap and trade bill would be a mute subject. But not ALL companies are. The bill offers benefits to those who are environmentally responsible and sell theirs credits, to the companies who need the carbon credits.
Answered By: LadySnowbird - 6/16/2010
Poor baby. The oil speculators jacked up the price on their own only recently. And they'll do so again, in the name of profit. And you'll weep and moan because you fail to realize that as a resource becomes scarce, it's price rises.

And you'll weep and moan as global climate change floods out your house and destroys your place of work, and drives up the price of food as crops fail in once fertile lands.

And you'll probably not shed a tear as populations worldwide shift and the starvation and violence greatly reduces their numbers.

But hey, that's just YOU!
Answered By: AE Newman - 6/16/2010
Obama does not understand the basic rules of taxation.

When the income tax rate rises, workers tend to avoid doing too much over time as this tends to shove them up into a higher tax bracket. This means orders are not filled on time and etc.

Higher up the tax tree, the rich pack their bags and move out to the usual tax havens, Bahamas etc.

Same thing happens here in UK - but do they (the politicians) ever listen? No. They sound off and talk crapology most of the time.

"If all the economists in the world were laid end to end, they would reach no conclusion."
George Bernard Shaw

etc

The only American who ever understood the people and tax was Ben Franklin, who once said, "The best form of taxation is a lottery, since only the willing will pay."

What happened to that idea?

Take the State of Texas - it's State Lottery pays for the eduction of all the children in that State. Why not simply take that idea and have a vast enormous USA lottery, open to the entire world via the Internet. Guess what? Yup - billions would flow into the coffers weekly as people right across the globe helped the American economy and themselves to a monster raving win of a few million dollars each and every week - lets say a 100 millionares - keep the prizes to $1,000,000 say one hundred each week. Gotta be a winner. . .way to go.
Answered By: JOHN - 6/16/2010
You'll have to get rid of those V8 & V12's now and get with the rest of the world driving 1.2 ltr Micras.
Answered By: Bob b - 6/16/2010
You may have heard of the British author Charles Dickens who wrote a book called David Copperfield containing a character called Wilkins Micawber.Micawber's theory was,"Income twenty pounds expenses nineteen pounds nineteen shillings, result happiness. Income twenty pounds expenses twenty pounds one shilling result, unhappiness !" Like our late Prime Minister Brown Obama doesn't understand this.
Answered By: Rob Roy - 6/16/2010
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They've admitted the data is not true, yet they continue to post it. Why are they continuing to claim they've saved or created jobs in districts that don't even exist after it's been proven and they've admitted it's a lie? http://abcnews.go.com/Politics/jobs-saved-created-congressional-districts-exist/story?id=9097853 Dastardly, presenting information known to be false as true is lying, does this really need to be explained to you?
8 answers - Asked By: libs, almost as smart as lint - 11/24/2009
Http://abcnews.go.com/Politics/jobs-saved-created-congressional-districts-exist/story?id=9097853 I understand the desire to show that your policies are working-but outright lying isn't the way. Is this the "transparency" and "change we can believe in?" Cookie--Nice-I forgot about that.
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In reality we think of it that way- but in politics I know it's a radical concept- What if the only way to get the economy to serve the people is to have them start pending?? Do you like recession better ----because you don't like people getting something?
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