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MOSLER'S LAW: There is no financial crisis so deep that a sufficiently large tax cut or spending increase cannot deal with it.

Haley Barbour’s ‘innanity’

Posted by WARREN MOSLER on March 27th, 2011

Barbour slams Obama on taxes, economy

By Jillian Harding

March 26 (CNN) — Mississippi Republican Gov. Haley Barbour on Saturday criticized President Obama’s economic policies and urged fiscal discipline in Washington.

Speaking in Des Moines, Iowa, to a crowd of conservative activists, the potential 2012 GOP presidential contender said, “When the government sucks all the money out of the economy, how is the private sector supposed to create jobs?”

Spending $1.5t more than taxing ADDS that much income and $financial assets to the economy

Barbour slammed the Obama administration’s tax policies for placing an extra burden on taxpayers and inhibiting job growth.

“The president from the beginning has been calling for the largest tax increase in American history,” Barbour said, adding “the policies of this administration in every case have made it harder to create jobs.”

What tax increases? Just talking about them?

Barbour also struck out at taxes placed on the oil industry, saying they would be passed on to consumers.

“Who’s he think is going to pay that? Exxon?” Barbour said, “That’s going to be paid by the people who are pumping gas and diesel fuel into their cars & trucks.”

Citing the need to jumpstart the economy, Barbour told the crowd that reducing spending would be key.

“I urge you to remember the most important thing, cutting spending is the means to an end, the end is to continue to grow our economy,” he said.

What sense does that make???

He’s a menace.

2 Responses to “Haley Barbour’s ‘innanity’”

  1. roger erickson Says:

    “He” or “she” are never a menace. Only our electorate’s susceptibility to nonsense is a menace.

    Let’s be accurate about the causality, so we can more efficiently shape the context.

    Reply

    Tom Hickey Reply:

    In a representative democracy, the leaders reflect the collective intelligence of the people that elected them. Looking at the current crop, someone must be putting stupid in the water supply.

    Reply

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