When candidate Obama promised, over and over again, not to raise taxes on the “middle class” it was a clear warning sign to business and industry; a sign that was totally ignored by millions, that he was about to wage a personal war against the free enterprise system. At the same time as Obama was preparing for this war he displaying his total ignorance of how the government and the economy work.
Every new tax and every new regulation that is imposed on business represents a cost that will eventually be paid for by the taxpayers (including the ‘middle class’) through the increased costs of goods and services.
Every dollar that goes to some senator’s or congressman’s pet project (and there have been trillions spent in that way) is a cost to the government that will be paid for by taxpayers — ALL the taxpayers.
Every day, some number of companies in every industry, reach the point where they are about to close their doors due to mismanagement, inadequate response to changes in the marketplace or government over regulation in the name of a “greener tomorrow”. Every company that is ‘bailed out’ of this eminent collapse is a huge cost to government and, since the government has no money except ours, it is a huge cost to taxpayers — yes, including those in the “middle class.” Yes! Attack the crooks, the frauds and phonies who steal peoples money to line their own pockets but leave the rest of business and industry alone. Just as in the jungle, in business the strongest will survive, the weakest will surrender and die. That’s one ‘natural selection’ process that can’t even be debated.
The Obama administration inherited a weak economy and a huge deficit, no argument there! George Bush’s administration was strong on National Defense but failed terribly on economic matters. Be that as it may, it is a total mystery to me (and many others), why the government decided to attack this problem by massively increasing that deficit or by making it harder for business and industry — the very engines of our economy — to do what they do best.
Perhaps I shouldn’t imply that it is a “total mystery” to me why this is happening. President Obama is a firm and strong believer in large government and total control. It is imperitive that everyone understand what Obama believes and where that belief system will lead the United States.
A Bit Of Good News
Obama’s plan for healthcare Reform is also a plan that will cost middle class Americans, although it has not been framed like that by the Obama administration but here’s some good news: A Charles Krauthammer article, reprinted in the Kansas City Star (linked below) predicts that Obama’s plans for a massive overhaul (upheavel) in the healthcare system may be all but dead; here’s an excerpt from the article:
By year’s end, President Barack Obama will emerge with something he can call health care reform. The Democrats in Congress will pass it because they must. Otherwise, they’ll have slain their own savior in his first year in office.
But that bill will look nothing like the massive reform Obama originally intended. The beginning of the retreat was signaled by Obama’s reference — made five times — to “health-insurance reform” in his July 22 news conference.
Reforming the health care system is dead. Cause of death? Blunt trauma administered by the green eyeshades at the Congressional Budget Office.
CNNMoney.com: Obama’s tax promise: Too tall an order
Kansas City Star: Obamacare developing into insurance changes