<<< No Ma, its me, Barack.
Understand that Obama's
thoughts on "fairness" can be illustrated with this scenario:
He believes that all
Americans should rise or sink together. He would take the better swimmers
on a sinking ship and forcibly tie them to the larger population of
non-swimmers and proclaim that he has solved some sort of problem . . . . .
. maybe population growth, but certainly, he has saved no one
on the sinking ship.
In a debate Obama had
versus Hillary Clinton and moderated by Charles Gibbson back in 2008,
Gibbson pointed out that in previous years, lowering corporate rates
increased the amount of revenues collected by the Federal Government,
even during the [Bill] Clinton years. Obama agreed with that summation,
but argued that such financial decisions were inherently unfair to those who
could not take advantage the "new" corporate rates --
balancing the budget be damned.
Obama is about to take the dividend tax rate from 15% to something over 55%. Oh, he will divide the effort and give it two or three differing names, but his hatred of profits, is about to destroy the middle class investor class in this country.
As a result, all
Americans who have retirement funds in addition to Social Security
promises, are quietly being penalized. After all, it is not
fair for some to save when others either do not know how or do not have the
extra funds.
When he sent GM into
structured bankruptcy, he used the opportunity to destroy the retirement funds
of those invested in GM. He raped their funds (and most of these
investors were Democrat police and teacher union members) as auto union roaches
laughed all the way to the bank.
It is time for the business community to stop the rush to capitulation, stand up and walk out on this blow hard of a president. Time to drive off the cliff. Better now than four years from. Under Obama's fantasy leadership, the cliff is unavoidable. What a shame. We had a chance to avoid all this pain and blew it.
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