Skip to comments.Middle and lower class workers see taxes rise so Obama can give Goldman Sachs a tax break
Posted on 01/05/2013 10:54:43 AM PST by Starman417
Kailua Hawaii is situated on the East coast of the island of Hawaii, about a 14 mile drive from the Honolulu airport and much closer even to Kaneohe Marine Air Base. It's home to about half a dozen exclusive hotels and it is also the Obama family vacation destination.
Last year Obama's dog Bo visited some damage to the property the Obama's rented so this year Obama issued an Executive Order guaranteeing that the taxpayers of the United States would make good for any damage Bo left this year.
It seems Barack Obama needs constant reminding that he is the President of the United States of America so he has built and shipped to Hawaii an exact replica of the White House gate. Obama also ordered a custom made Hawaii-themed golf bag for his enjoyment.
The Obama family vacation is estimated to cost the US taxpayer $20 million this year.
As I write Obama is either frolicking in the surf or hitting the links. He was so intent on his vacation that he had to autopen the fiscal cliff into law from Hawaii.
The Hawaiian setting makes for a very poignant contrast in the world of Barack Obama. And it is no small irony that Obama cavorts in the tropics having signed a into law a bill that raised taxes on the middle and lower class so that Goldman Sachs, among other wealthy entities, could enjoy corporate welfare courtesy of Harry Reid and Barack Obama.
Thus Michigan Democrat Debbie Stabenow was able to retain an accelerated tax write-off for owners of Nascar tracks (cost: $78 million) to benefit the paupers who control the Michigan International Speedway. New Mexico's Jeff Bingaman saved a tax credit for companies operating in American Samoa ($62 million), including a StarKist factory.
Distillers are able to drink to a $222 million rum tax rebate. Perhaps this will help to finance more of those fabulous Bacardi TV ads with all those beautiful rich people. Businesses located on Indian reservations will receive $222 million in accelerated depreciation. And there are breaks for railroads, "New York Liberty Zone" bonds and so much more.
And the lower class is paying more so that Hollywood could get a tax break:
(excerpt) Read more at floppingaces.net...
“situated on the East coast of the island of Hawaii, about a 14 mile drive from the Honolulu airport”
Interesting, i didn’t know one could drive from Honolulu directly to the east coast of the island of Hawaii. Usually one would choose a boat or an airplane. I’m sure glad we stopped teaching geography in favor of social studies.
We now have, and have had, government of the scu&bags, by the scu&bags and for the scu&bags.
That got changed fast. Good editing by someone.
The rich wont pay more taxes. They will simply change their investments & work their tax accountants harder.
For the rest of us, the Obama economy has seen not only Federal taxes increase, but state & local taxes/fees/fines are increasing, & the cost of virtually everything else has gone up significantly. All the necessities are costing more - utilities, food, gas, etc.
As rich people ignore these costs, poor people often have to chose which bills to pay to survive another month, while the middle class is squeezed between higher prices & little return on their middling investments & savings, ie., they are getting poorer, not richer.
Hey, that ain’t her backside in that first picture! More photoshopping, plz.