Posted on 07/01/2011 10:28:45 AM PDT by Servant of the Cross
Will this class warfare-fueled, fundamentally misguided, empty talking point attack on the wealthy never cease?!
President Obama demonstrated a blatant lack of economic understanding during his press conference on Wednesday, when he villanized the corporate jet industry and made millionaires sounds like petulant children unwilling to share their ill-begotten cache of cash. The corporate jet industry employs at least a million people, and such a risky, time-and-knowledge intensive role as running a high-end business requires incentives for capable people to step up.
But its all too easy for the Obama administration and the Democrats to pit society against these age-old symbols of greedy, corporate evil. Hey, somebody's gotta' take the fall for this, right?
We have a graduated income tax - the wealthy already pay way more in taxes, while practically half of Americans pay no taxes at all. The Republicans are as-yet staying strong on not raising taxes, but this high-stakes game of budgetary chicken is going to have to come to end eventually. Exasperation.
At least the Senate is making moves, I suppose, after that way harsh "leaders need to step up and lead" scolding from Obama.
In other news, the President departs for Camp David today for a long holiday weekend.
Wonder if 'el pres__nt is making lootie caddy again?
Did you hear that now the dems are taking credit for the balanced buget of the 90’s?
http://www.realclearpolitics.com/video/2011/07/01/harry_reid_return_to_type_of_fiscal_discipline_under_the_democrats.html
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