GARTMAN: Fiscal Cliff Deal Is Anti-Marriage And Obama Has Got Us One Step Closer To Socialism

businessinsider. ^ | Jan. 2, 2013 | Mamta Badkar

[dennisw]

Dennis Gartman wasn't too happy with the deal. First he criticized it for being overtly anti-marriage. Second, he said it failed to tackle the "egregious lack of discipline on spending" and said President Obama was leading the country towards socialism. Finally, he was also critical of the fact that this bill originated in the Senate, whereas he writes, "according to the Constitution all fiscally related legislation must originate in the House."

His take on the fiscal cliff deal: "We’ve no great disagreement with the legislation as it stands except for the fact that this is an overtly anti- marriage decision and therefore manifestly discriminatory on its face and there is of course a marked lack of spending cuts and as we all know the problem with the US fiscal deficit is not one of revenue but is one of egregious lack of discipline on spending. Regarding the former concern, unmarried up-income couples will have their taxes held at current levels while upper-income married couples with same incomes will see their taxes raised materially. Even the French Supreme Court has found that wrong.

The Left has won. The President has succeeded in moving the country along the path toward socialism. Those who have succeeded in life will pay for that success with higher taxes; those who’ve failed will be paid by those who’ve succeeded. Paul will be paid by Peter and Paul’s support has been won ... perhaps eternally.

Will spending cuts be debated later? Certainly they will be, but just as certainly they will be defeated. Revenues are always raised at the margins, and fail inevitably to raise new revenues, while spending is always supported any number of way, demanded by the “poor” and by “minorities” and by the “downtrodden” and by whatever euphemism the Left can conjure up.

[unixfox]

Break up families, break up small businesses, take over the schools, take away religion, take away guns, take away our money and our freedoms.

Looks like a recipe for another civil war.

When do start?

[stockpirate]

This writer is an idiot, we are ALREADY a socialist country, the type of socialism we have here is Fascism.

[Sooth2222]

"The Left has won. The President has succeeded in moving the country along the path toward socialism."

Notwithstanding Obama's rhetoric, Obama's policies have hurt those he claimed to want to help more than they have hurt those that he claimed to want to hurt. I don't think he or his constituents can see this. His voters certainly didn't see it in November.

True, they rejected the ever so slightly bitter pill that Romney prescribed over no pill and a free lunch that Obama promised.

"Workers making $30,000 will take a bigger hit on their pay than those earning $500,000 under new fiscal deal"

[Graewoulf]

RINO File.