Another Proposal From Obama to Throw Your Money Down the Drain(Shows amazing ability to waste $)

foxnews ^ | 9/8/10 | john lott

[bestintxas]

After focusing on health care and various regulatory bills for over a year, Democrats are trying to convince voters that they do care about the economy and the high unemployment rate. With the November elections looming (only 55 days away) and Congress set to adjourn on October 8, this is the week for Democrats to push new stimulus proposals. They're doing this although we already have had the $814 billion giant stimulus package last fall and the recent $26 billion in aid for state and local government workers. The various new proposals would increase spending to well over another $200 billion.

The centerpiece of today’s speech in Cleveland is to announce changes in the tax law. President Obama may never have managed a business, but he is sure making up for that lack of experience since becoming president. He is now making lots of business decisions for hapless firms as his new stimulus bills pick what firms should invest in and what product lines will get tax subsidies.

Obama talks tax cuts, but he wants to raise the marginal income taxes that small business owners pay and then give them back some of that money only if they make business decisions that his administration approves of. Large businesses also will get tax cuts, but only if they do what the Obama administration wants them to do.

[bestintxas]

Ane dem stupid enough to vote for this one will certainly go down to defeat in November.

There may even be a Republican like Graham or Snowe who would vote for it too.

[katana]

There’s an old two word phrase that describes this kind of behavior. But it includes a word which, as a Caucasian, I am not permitted to utter publicly. The second word is “rich”.

[terjon]

http://www.youtube.com/watch?v=2_OzLHKFN5s

[Fintan]