Posted on 11/07/2012 4:34:32 PM PST by raptor22
Economy: Having successfully blamed his predecessor for four years, the president celebrates at the edge of a fiscal cliff, with Taxma-geddon, ObamaCare and sequestration looming as war clouds gather in the Middle East.
Exit polls released Tuesday showed about half of voters still blame President George W. Bush more than President Barack Obama for the country's economic problems, as most cited the economy as their top issue in the election.
They believed the Big Lie that the mess we are in was inherited and that Obama at least kept things from getting worse. Well, it's about to get much worse.
Starting Jan. 1, Americans face a $494 billion tax increase, the highest ever in one year, as the Bush tax cuts are allowed to expire and new ones are added to the taxpayer's burden.
At $502 billion, ObamaCare's tax increase over 10 years barely edges ahead of Taxmageddon. The average American household would see its taxes rise by $3,800 in 2013 alone. And this is just for one year.
The top income-tax rate (which is also the rate at which most small-business profits are taxed) will rise to 39.6% from 35.0%.
The lowest rate will rise to 15% from 10%. All the rates in between will also go up. The "marriage penalty" (narrower tax brackets for married couples) will return from the first dollar of taxable income.
The child tax credit will be halved to $500 per child. The standard deduction will no longer be doubled for married couples relative to the single level.
(Excerpt) Read more at news.investors.com ...
For those old enough to remember, when Ronald Reagan became president and inherited an economy that was in shambles, the media made a big deal out of the fact that once he put in his first budget, the economy was his. Now, four years after Obama was elected, the media pushes the idea that the economy is still not Obama’s. No double standard or bias here.
Obama likes being President but doesn’t like doing the work of the office. After 8 years he may be ready to retire and take it even easier than he has been doing. We are lucky to have the 22nd amendment—he might try to stay in there by running Michelle in 2016 but there are too many ambitious politicians in the ‘Rat party waiting for their turn—Hillary, Cuomo, maybe others. Maybe Christie will switch parties now that he has killed his future in the Republican Party and run as a Democrat. The one thing that we can count on is that whoever the Democratic nominee in 2016 it will be someone just as bad as Obama.
That imaginary but likely exchange shows the serious problems that Romney had running as a Bush like candidate. That problem stems from the GWB years and the GOP apologist arguments that followed.
Of course Romney avoided the GWB subject like the plague because he knew this. But that didn’t work. He needed to be able to address it directly but couldn't.
He is just another irrelevant loser, In fact he didn't even leave any marks on Obama, He was so civil to him. It was O that went negative and demonized Romney.
Romney just wasted every ones time. I give him nothing.
Nothing new here. The Democrats blamed Hoover for the Great Depressions and kept on blaming him long after FDR should have owned the problems his policies created. It worked then and clearly the smoke-and-mirrors game still works.
Maybe because Obama hasn’t produced a budget yet?
but I'm now angry that he has not stood up for us, as we stood up for him.
he has not stood up for the office he held for eight years and allowed B.Hussein to constantly insult him..
HE NEEDED TO SPEAK UP AND HE STOOD SILENT ALL DURING THIS ELECTION...HE HAS LET ME DOWN..I WILL NO LONGER STAND UP FOR HIM.
The New York Times will still blame Bush for the next four years - they're total suck-ups.
Maybe the boys at the NYT's can get on the gravy train and force taxpayers to pay for their Dem/PRNewsWiredPropagandaSheet... Michael Moore feels storms and destruction work for dems... and he's right - looting too. WOW - what a great party. When joy comes from the misery of broken citizens, is it sweeter? Moore and the New York Times knows...
Climb on that bandwagon journalists. Citizens don't want your stuff so FORCE them by taking their tax dollars to re-write dem Press Releases. You believe in looting... and the joy of broken citizens - go for it.
The New York Times Slogan can be : "We rewrite Democrat Press Releases Better!" It's a go.
I know the Bush Presidents think it s classy never to speak against an existing President but they are wrong. The mainstream media never thought it was classy and were complicit in the demonization of the Bushes and their policies. The end result is that a majority of the public continues to blame the policies of GWB for the financial recession.
Worst of all they associate the ideas of limited government, lower taxes, free markets and free people as policies that only benefit the rich. The Bushes behavior might be considered honorable and dignified in polite and respectful society, but in the real world of the current culture of the United States, one dominated by a corrupt media, it is tantamount to capitulation of one’s own principles.
The Bushes were wrong not to fight back. They let us down.
The Bushes = the Republican Party’s Kennedy dynasty.
This is why is was EASY to call Red Hampshire for Obama, when EVERYONE else thought Romney was a shoo-in...every single day of the week; there were letters in local newspaper shredding Bush for one thing or another...right up until Election Day. The irrational hatred for all things Bush in NH was, and still is, palpable. Funny when you consider they are from New England, NOT Texas.
You can defund the media by cutting your cable and canceling newspaper subscriptions, but very few can let go...until then; get used to it.
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