"This is the greatest wealth destruction I've seen by a President." - Cramer
I guess some in his party want to get re-elected.
Oh, and then the left will say -
“see, it didn’t get passed, you can’t call us radical leftists or communists now”
The one still has majority Democrat support for those and it's doubtful that will change anytime soon.
This is ridiculous. He’s making it up as he goes along, then changing when it becomes a threat to 2012.
I did predict his program won’t pass, but this will only be true with continued strong political blowback. And even half his program is a disaster.
Also PO’s me that people can go on loving this idiot as a figurehead if his lousy programs fail.
..don’t think tea parties are not being noticed...the rat party is getting phone calls too
I saw “Mutiny On The Bounty” yesterday and when the ship’s crew threw the breadfruit plants overboard, I thought it was more like the situation we now face than the Boston Tea Party. The libs are revolting against Capt. Bly.
If someone can figure out a way for Michelle to get $1,000,000 a year in return for ditching these policies, it will be done. I figure as First Lady she wants an increase from her old no show job.
Amateur Hour in America.
Dropping “charity” write-offs is a great idea. They can keep the ones for churches - taxing religion is a slippery slope at best... dump the rest of them.
The reason the charitable deduction cutback on high earners is so obnoxious is that you have to give to the government in order to donate to charity. It is added insult and corrosive to the social compact.
Thank God. My family income is not yet at $250,000, but it conceivably could be by the end of Obama’s term.
Even though my husband was laid off for 2 months this year, if the Bush tax cuts expired tomorrow we’d still lose $5-6K a year.
I’m surprised only 1.2% of American families make more than $250,000. In the San Francisco Bay Area, and I know in the DC area too, it is quite common for the wife and the husband’s salaries together to be that, or near that.
Capping charity write offs and mortgage interest deductions, while hurtful to the economy, are not the most damaging. The bull in the china shop is the proposed cap and trade legislation and excise taxes on domestic oil production. If these go into effect we are in for a long period of economic woes.
Even Bloomberg knows that a tiny percentage pay most of the taxes and that if you piss them off, they just might stop doing what they do to earn the money that pays the taxes or they might move to a different country.
Obama just doesn’t care. His whole plan is one of equal outcome, even if that means that everyone will be equally poor and miserable. Well, everyone except the elite liberals, of course.
In Obamabizarro World, it is better that 99.5% of the people be poor and miserable and 0.5% be wealthy, than for 5% to be rich, 80% to be in the middle class and comfortable and 15% be poor.
Headline:
“American people re-think election of Obama”.
My bi-weekly federal withholding LAST PAYDAY 246.54 THIS PAYDAY 215.77
Extra on my bi-weekly paycheck + $ 30.77 or 61.54 a Month
BUT I just got a letter from my mortgage company that my Escrow is increasing $117 a months beginning April 1st due to increased taxes on my property.
MY NET LOSS each month – $55.46. That’s Right, this middle class well below 250K worker, in fact below 100K, WILL BE PAYING MORE TAXES.
If he rethinks tax hikes is he also going to rethink the enormous proposed spending increase?
I sure would like to see the new deficit numbers for:
No tax hikes
Reduced tax revenue
Significantly higher spending
Bailouts galore
He wanted the sun and moon - he asked for the sun, moon, stars and planets and when people said "that's too much" he responded by saying "OK - we'll drop the stars and planets".