In response to:

Obama Admin: Tax Cuts Work in China, Just Not in the U.S.

searcherseeker Wrote: Apr 08, 2012 9:15 AM
Socialism is such, that the simpletons running it cannot look beyond the façade of one day of reality. As in this article, there is only a finite amount of wealth available to go around. This is the famous pie from which everyone gets (not: earns) a piece. If your piece is too small, it is only because someone else has taken a bigger piece. That 'someone else' is greedy. It is the only 'obvious' fact recognized by a Socialist. The pie can only be “shared” equally for “justice” to prevail. Each piece gets smaller and smaller as time goes by.
searcherseeker Wrote: Apr 08, 2012 9:15 AM
Beyond ignoring the reality, which is, one getting a smaller piece has earned that smaller piece, and the one getting the bigger piece has also earned it, Socialists refuse to recognize the pie is never the same size. It is either growing or shrinking. This economic myopia is cardinal to Socialistic belief. The Socialist takes a photograph of an issue and constructs a Rube Goldbergian scenario to account for it. The chart used to illustrate “Obamacare” is a classic of this genre of deceit.
searcherseeker Wrote: Apr 08, 2012 9:16 AM
Socialism is similar to a sit-com where the hero tells a lie in the beginning of the show, and spends the rest of the time covering it up. It may be funny on TV, but the reality is misery. Look to the USSR, Mao's China, Lon Nol's Cambodia or, most tellingly the family of Il's North Korea. Without covering one lie with an even greater lie and holding the entire façade together with deadly force, these governments have and would collapse.
searcherseeker Wrote: Apr 08, 2012 9:19 AM
Oh, and one other element is required for Socialism to perpetuate; the existence of an “enemy”.

While speaking recently about the communist government in China, Undersecretary of State Robert Hormats -- an Obama appointee -- praised China's decision to spur economic growth by lowering taxes. So, at least somebody in the Obama administration definitely understands and embraces the basic lower-taxes-equals-higher-productivity principle of free-market economics, while President Obama himself chooses to neglect that certain principle. I award the administration zero points for consistency on this one:

“China lowered taxes very recently, which will help increase demand, but it’s also good to boost consumption in China,” said Hormats. “So I think what’s interesting is that—sure,...