Reuters: President Barack Obama on Monday called for Congress to extend by a year Bush-era tax cuts for people earning less than $250,000 annually and said letting tax rates rise for higher earners would not hurt small businesses.
"This isn't about taxing job creators, this is about helping job creators," Obama said at the White House, noting that 97 percent of all U.S. small business owners would fall under the $250,000 a year income threshold.
...more platitudes atop more BS stats. He's helping job creators? Barack Obama wouldn't know where to begin. Besides being at odds with his fellow Dems -- who say the Bush tax cuts should be extended to those making up to $1 Million -- I think Victor Davis Hanson has a better gauge on what Obama really wants for job creation...
If one wanted to ensure permanent 8 percent to 9 percent unemployment, one might try the following:
1. Run up serial $1 trillion deficits.
2. Add $5 trillion to the national debt in three and a half years.
3. Impose a 2,400-page, trillion-dollar new federal takeover of health care, with layers of new taxation, much of it falling on the middle class and employers, even as favored concerns are given mass exemptions.
4. Scare employers with constant us/them class warfare rhetoric about a demonized one-percenter class and its undeserved profits; constantly talk about raising new taxes and imposing regulations, ensuring uncertainty and convincing employers of unpredictability in regulation and taxes. You cannot convince a country to go into permanent near-recession, but President Obama is doing his best to try.
5. Appoint a bipartisan committee to study the fiscal crisis and then neglect all its recommendations.
6. Subsidize failed green companies, while denigrating successful gas and oil concerns, as well as putting rich oil-and-gas federal leases off limits.
7. Vastly increase unemployment insurance, disability, and food-stamp constituencies, while promising all sorts of mortgage, credit-card, and student-loan bailouts.
8. Borrow hundreds of billions for stimulus programs that are not shovel ready, but are rather aimed to bail out state budgets, pensions, and unions.
9. Federalize elements of non-profitable private companies, while threatening to shut down profitable plants for supposed union or environmental incorrect behavior.
10. Do not address changing the above policies, but rather blame others for such self-induced stagnation.
Do the above and you can pretty much always ensure something like the present slow-down.
It's not coincidental, folks. This is the blueprint. Hanson concludes, "We are now at an impasse: The nation is shrugging, and will the president try to coax it to start lifting again, or in petulance, add more weight?" I think you know the answer in regards to this man, particularly in his pursuit of an all-powerful government and a subservient people.
