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Fred Thompson on the Economy

December 13, 2008 by  

Bob Livingston

is an ultra-conservative American and author of The Bob Livingston Letter™, founded in 1969. Bob has devoted much of his life to research and the quest for truth on a variety of subjects. Bob specializes in health issues such as nutritional supplements and alternatives to drugs, as well as issues of privacy (both personal and financial), asset protection and the preservation of freedom.

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  • jerry silovich

    what gives pres. Bush the right or power to bailout the uaw?i feel it usnt constitutional!

  • John

    Common Sense does exist in the mind of Fred Thompson, and hopefully all who watch his Video about our “new” economy today. Fasten you seat belts citizens the train is going to push the Obama bus off the cliff. Will you be on it, or did you get off at the last bus stop?

  • http://none Dale

    Well said! Too bad government employees don’t understand basic economics. Too bad government employees don’t understand that they do not pay taxes or social security…. you say what? They work, earn their pay, pay taxes just like everyone else.. Well not so fast, the deductions from their checks just reduces the amount of tax revenue they take for their pay. Deductions for social security just moves tax revenue from one pot to another.

    Government employees never contribute to the tax revenue pot, they only take their pay from that pot. As government grows two thing happen, expense goes up and tax revenue goes down.

    Government has always admonished everyone for credit card debt yet they set the example and try to tell us…”DO WHAT WE SAY, NOT WHAT WE DO!”

    Basic economics dictates that you cannot spend your way out of debt.
    Basic economics dictates that creating government jobs cannot stimulate the economy.
    Basic economics dictates that govenment spending depletes the economy.
    Basic economics dictates that stimulating (tax credits) small business creates jobs that pay taxes, more revenue for the government to spend.. the reverse of what government does… go figure????


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