B Hussein's Investment Advice...More Government

Good reading from ibd today...

Mr. Obama says that he is going to make you better off by increasing taxes. But taxes are like a gigantic pay cut, and it is hard to see the benefit in that.

Or perhaps Mr. Obama is saying he will increase someone else's taxes and give you some of the loot. Well, maybe so, but you had better make sure you get an extra big share — paid up front.
Economics 101 tells us that Mr. Obama's tax increase would over the next five years damage the economy to the tune of about $2.5 trillion. In doing so, it would reduce incomes by at least 3% and on average each month cost 25,000 jobs. (Perhaps yours.)

A job is too precious a thing for the economy to lose and, once gone, is expensive to recreate. Economywide, the re-creation of a new full-time job on average requires about $500,000 of additional gross domestic product, which in turn typically entails about twice that amount of business capital investment.

Mr. Obama would make job creation even harder by hiking marginal tax rates on capital investment by 35% and greatly expanding the regulatory burden on employers.
Be careful not to trade your job for a "mess of pottage" (Genesis 25:29-34.) Though Mr. Obama may promise you an extra big share from one of his new government spending programs, experience says that things never really work out quite that way.

According to the government's own studies, only about 50% of the promised benefit from government spending ever materializes. The rest seems to disappear "down the drain," as A.P. Herbert predicted.

Investing your money in the government is a sure loser — so bad, in fact, that selling shares in such a bunko operation to the public ought to be against the law. But Mr. Obama is by no means the first politician to do so, and many have gotten themselves elected.