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Self-identified liberals and Democrats do badly on questions of basic economics.
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<blockquote data-quote="av8torntn" data-source="post: 742553" data-attributes="member: 8259"><p>How many liberals admit or know that the goofy health reform act increases the tax burden by over 400 billion dollars in just ten years? How many liberals will admit or know that the tax burden for the average family of four under the Obama backed cap and trade bill will increase by $1200 a year? How many liberals or dimocrats will admit that the tax on expensive health care insurance will eventually affect the majority of union workers since the cap rises at a much slower pace than the cost of health care insurance is projected to rise causing many middle class families to either lose their current health insurance or face stiff taxes from the government?</p><p> </p><p> </p><p> </p><p> </p><p><a href="http://www.taxfoundation.org/capandtrade" target="_blank">http://www.taxfoundation.org/capandtrade</a></p><p><a href="http://investorcentric.blogs.nuwireinvestor.com/2010/03/how-healthcare-reform-will-affect-taxes.html" target="_blank">http://investorcentric.blogs.nuwireinvestor.com/2010/03/how-healthcare-reform-will-affect-taxes.html</a></p><p> </p><p> </p><p>"The result: Government fails to protect the public. That conclusion is precisely the same for the financial services industry."</p><p> </p><p>"A big-government conservative administration failed in crisis, as has a big-government liberal administration. The regulatory state did not prevent excessive risk taking whether in financial services, nor perhaps in offshore oil drilling."</p><p> </p><p>"The Obama administration and Congress propose more of the same failed approach to regulation. Instead they should heed Hayek, who observed that "the curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."</p><p> </p><p><a href="http://www.cato.org/pub_display.php?pub_id=11892" target="_blank">Link</a></p></blockquote><p></p>
[QUOTE="av8torntn, post: 742553, member: 8259"] How many liberals admit or know that the goofy health reform act increases the tax burden by over 400 billion dollars in just ten years? How many liberals will admit or know that the tax burden for the average family of four under the Obama backed cap and trade bill will increase by $1200 a year? How many liberals or dimocrats will admit that the tax on expensive health care insurance will eventually affect the majority of union workers since the cap rises at a much slower pace than the cost of health care insurance is projected to rise causing many middle class families to either lose their current health insurance or face stiff taxes from the government? [URL]http://www.taxfoundation.org/capandtrade[/URL] [URL]http://investorcentric.blogs.nuwireinvestor.com/2010/03/how-healthcare-reform-will-affect-taxes.html[/URL] "The result: Government fails to protect the public. That conclusion is precisely the same for the financial services industry." "A big-government conservative administration failed in crisis, as has a big-government liberal administration. The regulatory state did not prevent excessive risk taking whether in financial services, nor perhaps in offshore oil drilling." "The Obama administration and Congress propose more of the same failed approach to regulation. Instead they should heed Hayek, who observed that "the curious task of economics is to demonstrate to men how little they really know about what they imagine they can design." [URL="http://www.cato.org/pub_display.php?pub_id=11892"]Link[/URL] [/QUOTE]
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