Is Barack Hussien Obama purposely trying to destroy the US economy?

[Xiahou]

So, speaking of destroying the economy, did anyone take a look at how Obama plans to halve the deficit by the end of his first term? Carbon taxes, higher income taxes, and wishful thinking- otherwise known as unrealistic economic growth.

In its budget, the administration predicted the economy will shrink by 1.2 percent this year but snap back and grow by a solid 3.2 percent in 2010. That would be followed by even stronger increases of 4 percent in 2011, 4.6 percent in 2012 and 4.2 percent in 2013.

By contrast, the consensus of forecasters surveyed by Blue Chip Economic Indicators this month predicted the GDP will fall by a larger 1.9 percent this year and then increase at weaker rates of 2.1 percent in 2010, 2.9 percent in 2011 and 2012 and 2.8 percent in 2013.

The administration needs GDP growth in the 4 percent-plus range for successive years to be able to make its budget math work add up.

Long story short, it's not going to happen.

But, what I really love here is the carbon taxes. What's the idea behind a tax on carbon dioxide? To encourage businesses to produce less of it, yes? Does anyone else see a conflict between trying to tax something to discourage it while at the same time counting on people creating more and more for tax revenue? Further, this is essentially going to be a tax on energy. It's going to make energy more expensive for everyone. The administration claims the increased expenses will be offset by his mid to low income tax credit. If that's the case, please stop bragging about cutting taxes for low income families- the money will likely only be able to partially offset increased energy prices.

Obama has acknowledged it would cause an initial spike in energy costs and is proposing to use $60 billion a year from the auction of carbon trading permits to help finance his “making work pay” tax credit program for lower-income families.

Further, what is this energy tax, along with high income taxes on top earners, and higher capital gains taxes going to do to an economy that is still trying to climb out of recession?