Obama: We need more taxes and regulations, so we can have more bottom-up economics

posted at 4:01 pm on June 23, 2012 by Erika Johnsen

President Obama has a provoking penchant for using seemingly simple, yet reassuringly intelligent-sounding, business and economic terms in a wildly misleading manner (regular readers know I’m convinced that somewhere a fairy dies every time the word “investment” escapes his lips). In this latest instance of beguiling economic messaging at a campaign rally in Florida on Friday, President Obama touted the need for more “bottom-up” economics:

He told his audience Republicans, including presumptive presidential nominee Mitt Romney, “believe that we should go back to the top-down economics of the last decade.”

“They figure that if we simply eliminate regulations and cut taxes by trillions of dollars, then the market will solve all of our problems,” Obama said.

“They argue that if we help corporations and wealthy investors maximize their profits by whatever means necessary — whether through layoffs or outsourcing or union-busting — that it will automatically translate into jobs and prosperity that benefit all of us. …

“We don’t need more top-down economics,” he said. “What we need is some middle class-out economics, some bottom-up economics.”

Hey, President Obama — you know what else helps corporations and wealthy investors? Gigantic bailouts and engendering an over-involved big-government environment conducive to rent-seeking and crony capitalism.

While most people might think of the term “top-down” as referring to the gratuitous offices of federal intrusion, President Obama is using the term for thinly-veiled class-warmongering; as in, enough with allowing the wealthy financial class to ostensibly control all the wealth and call the shots.

But peeling back regulation and lowering taxes is the way to create bottom-up economic growth. How and why is an American entrepreneur going to start a small business if he knows that, even if he manages to get through all the red tape and make a profit, the government will tax the bejeezus out of him? President Obama’s policies discourage growth, and the free market can solve our problems.

President Obama also went on to warn his supporters that Republicans will “spend more money than we have ever seen in the history of the Republic” in endeavoring to thwart his reelection bid. Guess he only has a problem with record-smashing amounts of campaign cash when it isn’t his campaign that benefits.


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What CEO or corporate crook who played key rolls in the financial meltdown are serbing hard time or have had their ill gotten gains confiscated?

Funny, you have left the root cause for the meltdown out of this: the architects of the CRA, those in the Clinton administration who forced banks to make loans that they knew could never be repaid, the administrators of Fannie Mae and Freddy Mac, the enablers in Congress, specifically Barney Frank and Chris Countrywide Dodd. Why would you do that?

Oh wait….you could fit them on a pin head.

rickyricardo on June 23, 2012 at 6:09 PM

Well, I think you’ve found the source for your headache

AZfederalist on June 23, 2012 at 6:16 PM

Obama, in his own moronic way, is trying to ape Bill Jeff’s line about trickle down economics. Not only was Clinton just plain wrong in his characterization of the free market, but PBHO can’t even state the case that Clinton made.

MJBrutus on June 23, 2012 at 6:18 PM

Tax’O de Turd’O.

Pork-Chop on June 23, 2012 at 6:22 PM

Translation: “Bottom up economics” = “all the illusion of power to the workers” = socialism.

farsighted on June 23, 2012 at 6:14 PM

Gratis

Rio Linda Refugee on June 23, 2012 at 6:24 PM

F@#$ Obama. Won’t be rid of him soon enough.

Midas on June 23, 2012 at 6:32 PM

Obama and his socialist buddies have no idea how wealth is created. They have no idea what productivity is and how increasing it creates wealth and makes everyone wealthier by making goods and services less expensive. They have no idea what more productive and efficient use of capital is all about.

When your dollar buys more than it did yesterday you are wealthier. This is why the “lower and middle classes” — that is, the non-wealthy in socialist terms — in the US and in economically advanced countries are are far wealthier than they are in other countries in the world. They did not get wealthier through government wealth confiscation and redistribution, which is what “bottom up economics” really is.

Wealth redistribution by government – “bottom up economics” – does not increase productivity in any way shape or form. It is also an extremely inefficient use of capital and it kills the incentive to make profits by increasing productivity.

farsighted on June 23, 2012 at 6:34 PM

I have said it before and will say it again, I really think there is something major wrong with bho’s brain! I am not trying to be nasty, but this man is flippin NUTS! bho needs a brain scan STAT to see if half the brain is still there?
L

letget on June 23, 2012 at 4:09 PM

Two factors. One, a LOT of drugs, including cocaine and amyl nitrate, over a period of 20+ years. Second, primitive schools in Indonesia and a touchie-feely proggie school in Hawaii.

Brain damage + lack of basic education.

slickwillie2001 on June 23, 2012 at 6:37 PM

Gratis

Rio Linda Refugee on June 23, 2012 at 6:24 PM

Much better and more accurate.

Another formulation: “bottom up economics” = government forced wealth confiscation and redistribution.

farsighted on June 23, 2012 at 6:40 PM

President Obama also went on to warn his supporters that Republicans will “spend more money than we have ever seen in the history of the Republic” in endeavoring to thwart his reelection bid.

But….but….but Barry said that HE was going to collect a ONE BILLION DOLLAR re-election war chest.

What happened?

GarandFan on June 23, 2012 at 6:47 PM

Obama and his socialist buddies have no idea how wealth is created. They have no idea what productivity is and how increasing it creates wealth and makes everyone wealthier by making goods and services less expensive. They have no idea what more productive and efficient use of capital is all about.

When your dollar buys more than it did yesterday you are wealthier. This is why the “lower and middle classes” — that is, the non-wealthy in socialist terms — in the US and in economically advanced countries are are far wealthier than they are in other countries in the world. They did not get wealthier through government wealth confiscation and redistribution, which is what “bottom up economics” really is.

Wealth redistribution by government – “bottom up economics” – does not increase productivity in any way shape or form. It is also an extremely inefficient use of capital and it kills the incentive to make profits by increasing productivity.

farsighted on June 23, 2012 at 6:34 PM

Indeed. Every other industrialized country is moving right (in the American sense: freer markets, increased economic liberty) while Obama and the Democrats lurch hard Left.

I mean just look at Canada… Their corporate tax rate is around 26%. Ours is the highest in the industrialized world at 39%. And Obama wants to maintain and undoubtedly increase this rate, as well as stifling regulations.

visions on June 23, 2012 at 6:48 PM

Bottoms up? Okay, can any poor person out there please hire me. I need a job.

Didn’t think so.

No, really, I need a job.

hamnj7 on June 23, 2012 at 6:53 PM

What CEO or corporate crook who played key rolls in the financial meltdown are serbing hard time or have had their ill gotten gains confiscated?

Oh wait….you could fit them on a pin head.

rickyricardo on June 23, 2012 at 6:09 PM

What CEO do you want to see put in jail and what law did they break?

Ampersand on June 23, 2012 at 7:01 PM

I mean just look at Canada… Their corporate tax rate is around 26%. Ours is the highest in the industrialized world at 39%. And Obama wants to maintain and undoubtedly increase this rate, as well as stifling regulations.

visions on June 23, 2012 at 6:48 PM

Even the Chinese communists understand that high taxes on corporations and on capital gains stifle productivity, investment, and wealth creation. The corporate and capital gains tax rates in China are lower than in the US now, and Obama wants to increase them. For chrissakes, friggin’ communists understand how to create wealth better than American socialists like Obama and his gang.

The Chinese commies must think Obama is an idiot, but maybe a useful one.

farsighted on June 23, 2012 at 7:01 PM

“Bottom-up economics”?

Sounds like Barky’s evolution on matters gay continues into territory well plowed by Bawney Fwank and pals.

ya2daup on June 23, 2012 at 7:08 PM

Barky: “We need more taxes and regulations on our Thingamajigs, so we can return to that golden era of tops-down, bottoms-up, union-busted economics . . .

Uhhhh . . . FORWARD!

Uhhhh . . . Let me be clear . . . mmm . . . uhhhh . . .

I got Bin Laden!!! The Armed Forces fought for ME!”

BUSH! . . . uhhh . . . mmm . . . uhhh (burp)

TheClearRiver on June 23, 2012 at 7:40 PM

Is this the economics they teach at Harvard Law School or Columbia?

bflat879 on June 23, 2012 at 7:54 PM

President hypocrite… Can’t get him out of office soon enough… He won’t go quietly into that good night (professional victims never do), so we’ll never be rid of him, but turning around the economy and putting America back to work will be sweet revenge…

Khun Joe on June 23, 2012 at 8:09 PM

It takes an ass to know ass-up economics.

bayview on June 23, 2012 at 8:35 PM

The man is delusional and with 2/3 rds of our government out of control our only ace is the Supreme Court. We’ll find out this coming week.

mixplix on June 23, 2012 at 9:11 PM

What CEO or corporate crook who played key rolls in the financial meltdown

What CEO do you want to see put in jail and what law did they break?

Ampersand on June 23, 2012 at 7:01 PM

Where does one begin?

Bear Sterns execs who who kowingly misrepresented thr suitibility of morgage loans and knowingly sold trash.

Fannie and Freddie execs who made off with millions.

Execs from Countrywide, Washington Mutual and Lehmen….on and on.

All knowingly participated in fleecing the entire chain of the loan, brokerage business. And most of them, with clear incentive to rqpe and pillage, did so while getting away with tens of millions and sometime hundreds of millions a piece after destroying thier firms,

Very few have undegone Federal scrutiny or are under threat of investigation.

You want to know the problem with our system, look no further than the crooks on Wall Street and in Congress. Too much emphsis is placed on welfare cheats on the low end and not nearly enough on the fat cats who suck the tit of the taxpayer to build their mansions.

Yes, CRA was a problem, but it was just one small peg in a bigger corruption picture.

rickyricardo on June 23, 2012 at 9:23 PM

I think that it is, quite simply, that Obama’s understanding of economics is so completely absent that he doesn’t even understand what “top-down economics” means.

besser tot als rot on June 23, 2012 at 9:39 PM

With this crappy economy all I can say is, “bottoms-up “!

mechkiller_k on June 23, 2012 at 9:50 PM

Obama: We need more taxes and regulations, so we can have more bottom-up economics

What does that mean? Starting at the lemonade-stand/bake-sale level? Is that even legal anymore?

minnesoter on June 23, 2012 at 10:12 PM

Oy Vey!

Uppereastside on June 23, 2012 at 4:35 PM

…when I’m gone…can someone else fill this lowlifes mouth?…thanks!

KOOLAID2 on June 23, 2012 at 10:46 PM

No, obama was referring to “trickle down” economics.

The ONLY problem with trickle down economics as it was employed was that the corporations and soros types saw the writing on the wall and sheltered their wealth toward the end of it instead of reinvesting and expanding.

Even so, you can only expand so much, especially when you have old and new union leeches sucking every drop of blood from your corporate body. We’ve never recovered from that, and the housing boom-bubble it helped produce along with the interbubble burst kicked us in the soft spot, leading to a nice unhealthy entitlement crisis from kicking the can down the road.

It’s time to iron it out, and we can reinvigorate trickle down investment. The key feature in the future should be the PUBLIC making informed decisions about what they think that trickle down is or isn’t doing based on each companies performance and handling of the situation. If they don’t like what they’re doing (or not doing) vote with your dollar instead of having big nanny gov’t ‘take care of it’. In other words…..

Free market capitalism works, use it wisely and get your liberal heads out of your socialist asses.

Wolfmoon on June 23, 2012 at 11:36 PM

Guess he the LIbEral media only has a problem with record-smashing amounts of campaign cash when it isn’t his campaign that benefits.

FIFY.

DannoJyd on June 24, 2012 at 4:21 AM

0ur president is Nucking Futs…..

triumphus on June 24, 2012 at 7:31 AM

The world’s total GDP is $63.12 trillion dollars. The population is 6.84 billion. That means a level playing field is the princely income of $9228.07 per person per year – if corporations get NOTHING.

Think about it. Obama’s way will shrink the world’s GDP. That means even without population growth grinding poverty is the world’s natural way of life; and, it gets worse and worse over time.

“Fair” isn’t acceptable.

{^_^}

herself on June 24, 2012 at 8:56 AM

Oy Vey!

Uppereastside on June 23, 2012 at 4:35 PM

…when I’m gone…can someone else fill this lowlifes mouth?…thanks!

KOOLAID2 on June 23, 2012 at 10:46 PM

Why deprive you of the pleasure? We’ll just use your dead one. Rigor mortis, and all . . .

TheClearRiver on June 24, 2012 at 9:33 AM

To reformulate James Carville:

It’s the ideology of the stupid!

WhatNot on June 24, 2012 at 9:43 AM

(regular readers know I’m convinced that somewhere a fairy dies every time the word “investment” escapes his lips)

Yeah, I kinda noticed that, Erika. It’s definitely one of your hot buttons.

Investments, investments, investments, investments!

Investments, investments, investments, investments, investments!

:-)

MisterElephant on June 24, 2012 at 9:45 AM

In order to believe that more taxes and regulations will help our economy is either insane or a deliberate attempt to destroy our economy. Either way, the guy has to go along with every one of the democrats who voted for the Stimulus and Obamacare. The people of this country who enable them are just as bad. Some are just Democrats because they’re Democrats (a poor excuse) and some are helpless children who want cradle to grave nanny care from big brother.

cajunpatriot on June 24, 2012 at 9:47 AM

This just goes along with his typical assumption of the worst motives of others. A CEO is going to make his money and keep it to himself and sleep on a bed of shredded cash while cackling “Whooohahahahaha” himself to sleep. It is so stupid and juvenile it’s hard to comprehend. Remember he was the adult in the room. Sort of like Tom Hanks in the Movie Big. But even in Big it turned out that the problems and issues of adults are too complex for those with a child like mind.

CEO’s who hoard cash will cause the demise of their business. Executives who re-invest, grow and otherwise make smart decisions will grow jobs, wealth, standard of living, etc. for everyone involved. Not to mention reduce cost to consumers and reduce resource consumption.

I realize I am preaching to the choir here….

drocity on June 24, 2012 at 9:48 AM

Is this the economics they teach at Harvard Law School or Columbia?

bflat879 on June 23, 2012 at 7:54 PM

Yes / They don’t teach economics there unless you are a major, and then this is what they teach. It’s a misinformation campaign.

Jaibones on June 24, 2012 at 10:05 AM

rickyricardo on June 23, 2012 at 9:23 PM

And everyone you mentioned here is a hand-picked Democrat crony. Imagine that, multi-millionaire limosine liberals raping the poor…..

jb34461 on June 24, 2012 at 10:14 AM

“What we need is some middle class-out economics

Say what? You want the middle class out?

Or you just dropped another verbal deuce?

CorporatePiggy on June 24, 2012 at 10:28 AM

Why do I get this strange feeling that Obama doesn’t really understand the idea of freedom?

Actually, he gets it very well and wants to stamp it out.

clippermiami on June 24, 2012 at 11:12 AM

And everyone you mentioned here is a hand-picked Democrat crony. Imagine that, multi-millionaire limosine liberals raping the poor…..

Both parties are guilty in feeding the corruption on Wall Street and beyond. Im not much for the “both parties do it” excuse that lets one side of theother off the hook, bit in this case, the corruption of the financial industry is systemic and both parties ignore it….while the taxpayer bails outthe crooks to the tune of more money than any amount that welfare recipients could ever imagine.

The jails should be brimming with white collar crooks from their dirty deeds of the last decade,, but in our system, dishonesty and cronyism is rewarded.

Do you think Romney will do a damned thing? Obumbles already proved he wont although at least he gives it lip service.

rickyricardo on June 24, 2012 at 11:31 AM

This just goes along with his typical assumption of the worst motives of others. A CEO is going to make his money and keep it to himself and sleep on a bed of shredded cash while cackling “Whooohahahahaha” himself to sleep. It is so stupid and juvenile it’s hard to comprehend. Remember he was the adult in the room. Sort of like Tom Hanks in the Movie Big. But even in Big it turned out that the problems and issues of adults are too complex for those with a child like mind.

CEO’s who hoard cash will cause the demise of their business. Executives who re-invest, grow and otherwise make smart decisions will grow jobs, wealth, standard of living, etc. for everyone involved. Not to mention reduce cost to consumers and reduce resource consumption.

I realize I am preaching to the choir here….

drocity on June 24, 2012 at 9:48 AM

CEOs who cause the demise of there businesses should not be permitted to take off with tens of millions of dollars after leaving a trail of destrution in their wake. Too much of the financial industry had incentives to knowingly do the wrong thing when it came to motgage loans because the guys at the top were stuffing more money in their pockrts with every lie they told and the brokers themselves made money with every misrepresentation.

I still would like to know why Glass-Stegall was repealed.

I

rickyricardo on June 24, 2012 at 11:41 AM

The economy all ready went bottom-up.

ronsfi on June 24, 2012 at 11:51 AM

I am sick and tired of this Amateur Junior Socialist Club community college drop out garbage from President Kardashian. We have a leaderless executive. We are on a captain-less ship with no rudders. We have a man-child who has a juvenile ideology and no experience in the actual world. This is why the economy won’t “recover” under him. What business in their right mind would dare to invest or hire anyone with this boob flailing about and speechifying about the rich not paying their fair share. Business needs stable leadership so they can know what is coming down the pipe as far as taxes and regulation are concerned. This is how business makes its plans and is motivated to expand and hire more people–by knowing what the tax and regulatory structure will be! Instead we have a celebrity in chief who likes to worship himself and give speeches spouting this adolescent marxist bullcrap–thinking he knows what he’s doing. Go back to academia Junior Professor/Lecturer Obama and stay out of the real world! And that goes for all of you idiot socialists in the Dem party.

jasongray711 on June 24, 2012 at 12:40 PM

As I see it, this “bottom up” economics BS all boils down to a vast transfer of wealth from the top to the bottom. Liberals feel that in doing so, the consumer will have more spending power and everyone will benefit. Correct me if I’m wrong, but wouldn’t you then have a situation in which there were fewer goods available for sale, since you’re diverting money away from capital investment and production? So what you have is more consumer dollars chasing fewer goods, in other words higher prices. What good is it to “transfer” more money to the poor, if that money has less purchasing power? They’re no better off.

I think the upshot here is that liberals truly believe that you can create prosperity by moving existing wealth around. They have yet to grasp the idea that you cannot create prosperity without producing more wealth, and that rule #1 is that you don’t penalize the wealth producers.

Sharke on June 24, 2012 at 12:54 PM

Do you think Romney will do a damned thing? Obumbles already proved he wont although at least he gives it lip service.

rickyricardo on June 24, 2012 at 11:31 AM

1. Romney (a good businessman, clean-cut, and sane) is the only Republican candidate in the race.

2. We have a dog-eating, Marxist, lunatic in the White House.

3. What’s difficult about this choice?

TheClearRiver on June 24, 2012 at 1:20 PM

Since some are playing the “blame game”, I’ll proffer this: Long, long ago, banks that loaned people and businesses were very, very careful about who they loaned money to, because if the they wrote bad loans then THEY WERE STUCK WITH THEM!

At some point, the US GOVERNMENT began to allow companies to sell their notes to others, thus an entire cottage industry sprang up of companies that had a sole goal of loaning money and then selling the note.

The next step was a further relaxation of regulations by the US GOVERNMENT in order to permit creating investments that were backed by bundles of these notes.

The final straw was the US GOVERNMENT pressuring lenders to make loans to people that traditionally would have NEVER QUALIFIED due to their job status and credit history, and these ROTTEN LOANS were bundled with other good loans and sold openly and dishonestly as being 100% solvent, or a “don’t worry, the feds will cover your back” message.

NONE OF THIS WOULD EVER HAPPEN IF THE PEOPLE LOANING THE MONEY HAD TO KEEP THE NOTE!

The more safety nets you erect, the more risky behavior you get.

electric-rascal on June 24, 2012 at 1:22 PM

Long ago banks were not allowed to engage in esoteric investment intruments and the Ceos of investment firms had to have skin in the game and prove their ability run a successful company over a period of years before they could pull obscene amounts of money out of the firm.

Again, why was the banking industry deregulated? Why was Glass stegall repealed?

The Tea Party should be front and center demanding the heads of these banks and defunct investment firms and in the vanguard of foing after their ill gotten gains.

rickyricardo on June 24, 2012 at 2:47 PM

(regular readers know I’m convinced that somewhere a fairy dies every time the word “investment” escapes his lips)

Obama is working hard to win the fairy vote and money this election with the most important issue to fairies: fairy marriage.

Gladtobehere on June 24, 2012 at 3:09 PM

I have yet to be hired by a poor man.

Bmore on June 24, 2012 at 3:13 PM

Bottom-up economics and wedding gifting to the O campaign.

*takes a drag and exhales green smoke*

Dude, soooo surrrrreal.

shades_of_gasden on June 24, 2012 at 3:18 PM

1. Romney (a good businessman, clean-cut, and sane) is the only Republican candidate in the race.

2. We have a dog-eating, Marxist, lunatic in the White House.

3. What’s difficult about this choice?

TheClearRiver on June 24, 2012 at 1:20 PM

Romney is an establishment fellow traveller who wont rock the boat. The entire regulatory system as it relates to the financial industry will go untouched and enforcement will become even worse than it is now.

justice?

rickyricardo on June 24, 2012 at 4:00 PM

Perhaps the man just cheekily alludes to the ankle-grabbing posture he wishes the American people to assume.

Blacklake on June 24, 2012 at 4:12 PM

Harvard’s reputation has sunk to an all-time low after Obama.

John the Libertarian on June 24, 2012 at 4:18 PM

Harvard’s reputation has sunk to an all-time low after Obama.

John the Libertarian on June 24, 2012 at 4:18 PM

I’m sure that Elizabeth Warren can drag it even lower.

Gladtobehere on June 24, 2012 at 4:54 PM

President Obama also went on to warn his supporters that Republicans will “spend more money than we have ever seen in the history of the Republic”

Chuckle

CW on June 24, 2012 at 5:14 PM

Obama: We need more taxes and regulations.

Oh yes. Applying burdens to businesses is the way to go if you want to spur growth and employment.

I would also like to see Obama create a new office within the Commerce Department, that actively works to dissuade new private ventures from getting off the ground. Call it the Office of Balanced Growth.

It is very important that the public sector have a level playing field in competing with private enterprise.

And one of the best tools we have available to accomplish that aim is to regulate the piss out of greedy capitalist startups that refuse to “work hard” and “play by the rules” of Obamanomics. Make them rue the day.

minnesoter on June 24, 2012 at 7:47 PM

“Two factors. One, a LOT of drugs, including cocaine and amyl nitrate, over a period of 20+ years. Second, primitive schools in Indonesia and a touchie-feely proggie school in Hawaii.

Brain damage + lack of basic education.”

slickwillie2001 on June 23, 2012 at 6:37 PM

1. He’s still doing drugs.
2. He was born stupid.

sablegsd on June 24, 2012 at 9:34 PM

“Perhaps the man just cheekily alludes to the ankle-grabbing posture he wishes the American people to assume.”

Blacklake on June 24, 2012 at 4:12 PM

It’s his koranimal showing. What is more regulated than a muslime economy? Who lifts their arse 5 times a day as required? (Bottoms up!) Who is regulated to the point of how they wipe said arse?

sablegsd on June 24, 2012 at 9:38 PM

“Perhaps the man just cheekily alludes to the ankle-grabbing posture he wishes the American people to assume.”

Blacklake on June 24, 2012 at 4:12 PM

It’s his koranimal showing. What is more regulated than a muslime economy? Who lifts their arse 5 times a day as required? (Bottoms up!) Who is regulated to the point of how they wipe said arse?

sablegsd on June 24, 2012 at 9:38 PM

I think “sablegsd” has some excellent insights there to the text of Obama’s subterranean messaging.

Lourdes on June 24, 2012 at 9:58 PM

Do you think Romney will do a damned thing? Obumbles already proved he wont although at least he gives it lip service.

rickyricardo on June 24, 2012 at 11:31 AM

Yeah. That’s makes all the difference, huh?

pfffft.

98ZJUSMC on June 25, 2012 at 12:46 AM

“Perhaps the man just cheekily alludes to the ankle-grabbing posture he wishes the American people to assume.”

Blacklake on June 24, 2012 at 4:12 PM

It’s his koranimal showing. What is more regulated than a muslime economy? Who lifts their arse 5 times a day as required? (Bottoms up!) Who is regulated to the point of how they wipe said arse?

sablegsd on June 24, 2012 at 9:38 PM

I think “sablegsd” has some excellent insights there to the text of Obama’s subterranean messaging.

Lourdes on June 24, 2012 at 9:58 PM

I had more thoughts to share about this, about that point that “sablegsd” made at 9:38 PM.

It’s his koranimal showing. What is more regulated than a muslime economy? Who lifts their arse 5 times a day as required? (Bottoms up!)

Obama delivered this speech in Florida. I don’t know how many who read these comments are aware, but the Tampa Bay, Florida area is location of a growing Muslim population.

Obama’s contexts are very often (if not routinely) really rank to most of ours senses but he does tend to include special phrases if not double-meaning or double-purposed phrases and words that he then repeats. Like the post identifies (by Erika Johnson), Obama exploits words and word-concepts for an underlying purpose to include that way a “street” message. I do think that this speech (pushing “bottoms up” as an economic model) is, indeed, Obama using his “koranimal” voice.

Lourdes on June 25, 2012 at 1:20 AM

Eat the rich and the not so rich and the probably not rich….

Sherman1864 on June 25, 2012 at 7:20 AM

koranimal.

Awesome, I may have to borrow that tag sablegsd, well done.

insidiator on June 25, 2012 at 7:25 AM

I have said it before and will say it again, I really think there is something major wrong with bho’s brain! I am not trying to be nasty, but this man is flippin NUTS! bho needs a brain scan STAT to see if half the brain is still there?
L

letget on June 23, 2012 at 4:09 PM
Two factors. One, a LOT of drugs, including cocaine and amyl nitrate, over a period of 20+ years. Second, primitive schools in Indonesia and a touchie-feely proggie school in Hawaii.

Brain damage + lack of basic education.

slickwillie2001 on June 23, 2012 at 6:37 PM

You also left out that the The One has never been in business and has gotten all that he has through Affirmative Action and through the slobbering love affair of the liberal mainstream media. Obama is nothing more than a snake oil salesman. And slippery he is.

Cherokee on June 25, 2012 at 8:45 AM

“We don’t need more top-down economics,” he said. “What we need is some middle class-out economics, some bottom-up economics.”

He wants the middle class out? What if we want to stay in?

We already had bottom-up economics, at the White House beer summit. Because some Mass cops acted stupidly, or something like that.

Steve Z on June 25, 2012 at 10:02 AM

To borrow a meme from the title ‘Animal Farm’ —

Since there’s no shovel at the ready, that just leaves things to collect .. from the bottom up.

/.

CaveatEmpty on June 25, 2012 at 7:40 PM

Bottoms up economics…Bwahahahahahaha

So that’s why the Russian people developed an addiction to Vodka.

Roflmmfao

donabernathy on June 25, 2012 at 9:33 PM

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