Skip to comments.Bring On Obama's E-Team 2.0, Please
Posted on 10/22/2010 5:23:25 PM PDT by Kaslin
Columnist George Will aptly described the Obama administration as "implacably hostile toward free enterprise." One example of this its crusade to arbitrarily demonize American couples who make more than $250,000 as rich, greedy and unworthy.
Couples who make less than $250,000 per year are encouraged to resent, and exact tax retaliation, on their countrymen who make more. The political calculation of this Obama-generated class warfare is transparent.
However, entrepreneurs and small businesses create over two-thirds of net new jobs, and most job creators are organized as Limited Liability Companies, subchapter S corporations or other business entities whose tax liability is "passed through" to their individual owners.
Consequently, their job-creating businesses transgress into the administration's contrived status of "the rich."
As pass-through individual income becomes fodder for Mr. Obama's tax increases on "the rich," these funds are redirected from creating jobs and instead fall into the federal tax abyss, to be used to pay interest on our staggering national debt and contribute to unreformed and unsustainable entitlement programs.
Our $1,400,000,000,000 annual deficits are "Obamacits," created by this administration's reckless discretionary spending. No amount of blaming others belies the fact.
As Americans beg for austerity, there is no restraint exercised by the administration: our nation's financial black hole becomes increasingly dangerous and increasingly irreversible.
(Excerpt) Read more at investors.com ...
It’s unicornomics, don’tcha know?
As soon as Democrats discover the Right Message to explain the spending, the debt, the ridiculously high unemployment, and what happened to the trillion dollars in stimulus money, Obama will once again be perceived as a god by everyone. /sarc
The Rats are shovel-ready for the dust bin of history.
Hook up the Obama Team to their E-meters, please.