RSSBarack Obama Declares War on Investors, Entrepreneurs, Businesses, And … Our American Economy
And socialism took over America under the guise of “Change you can Believe In” as 
people naively looked on and waited for their redistribution of wealth only to realize that they were by definition, the wealthy. Obama is what we said he was … a tax and spend liberal (socialist). How many of you that voted for change thought you were voting for socialism, even though you had been warned?
As Larry Kudlow stated … Obama is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds. As The Astute Blogger very well states, OBAMA IS ATTACKING THE VERY HEART AND SOUL OF THE ECONOMY.
Let me be very clear on the economics of President Obama’s State of the Union speech and his budget.
He is declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds.
That is the meaning of his anti-growth tax-hike proposals, which make absolutely no sense at all — either for this recession or from the standpoint of expanding our economy’s long-run potential to grow.
This is nearly double the government-spending low-point reached during the late 1990s by the Gingrich Congress and the Clinton administration. While not quite as high as spending levels in Western Europe, we regrettably will be gaining on this statist-planning approach.
Study after study over the past several decades has shown how countries that spend more produce less, while nations that tax less produce more. Obama is doing it wrong on both counts.
The Gateway Pundits adds yet another tax gem from Obama with the carbon gamble that will cost consumers $65 billion. A carbon tax on energy producers passed on to the consumers. Think people earning less than $250K a year will not also be paying these expenses?
Mr. Obama’s budget estimates $645 billion in cap-and-trade revenue over the next 10 years that will largely be paid by oil, electric power and heavy industries that produce the majority of carbon dioxide and other gases blamed for the warming of the planet. Many of these costs are expected to be passed on to consumers.
Posted February 28, 2009 by Scared Monkeys Barack Obama, Economy, Government, Socialism, Tax & Spend Liberals | 27 comments |
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27 Responses to “Barack Obama Declares War on Investors, Entrepreneurs, Businesses, And … Our American Economy”
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God help the Great U S A!!!!
Best line of the day from CPAC from Anne Coulter:
Why do Democrats keep calling Obama Lincolnesque and Reaganesque? What’s the matter they don’t have any good Democrat Presidents to compare him to?
However, before long they will be calling Obama, Carteresque.
R
Well, dumb people, you wanted change and now you have got it…to elect the most liberal senator in Congress…nothing like having your head in your behind…!!!!
At least I think Hillary cared about our country…I’m sure McCain and Hillary look at this as a complete disaster….
The last thing the American People want is to
be set on a ONE WAY STREET to Socialism/Communism.
Most of the actions being initiated by this new
President have the combined effect of doing just that.
Even the Second Amendment is being targeted in order
to weaken the last option of folks who find that Tyranny
is being implemented and potentially imposed.
Currently, the DRUG of ‘entitlements’ has a debasing
grip on a large portion of otherwise responsible people.
Cold Turkey is not a happy prospect for these welfare
addicts. One wonders why a Liberal (Big Brother)
government that is dependent on these dependents
would initiate a cure.
Americans have no history of mass exodus to Socialist
Countries. Those from Socialist/Communist Countries
are dying to become Americans.
Well, so far that is!
Where is Barry’s birth certificate?
For some reason, nobody wants to show it!
I hear if you want “Change You Can Believe In”…
you only have to look at it. LOL
#2 – How about ‘Leninesque’?!
#3 – I’e said it often, on this board and in personal conversation. Many who voted for this clown are young and naive, like Winston Churchill insisted. Many are still in college and have never, EVER, had to even balance their own PERSONAL badgets. Let alone understand the budget of their country. Ask many of these kids what GDP means. They think it’s some new rap star.
Let the growing up begin!!!
keep the “change” Barry
its gonna be a long 4 years….
Obama, he’s a real catfish, thats for sure. He swims around on the river’s bottom, searching for his next worm to eat. The worm—that’s me and you.
Jerry
The people who voted Mr. Obama to be their President are blaming our current situation on President Bush. They do not look for other media sources to learn what’s happening in our country. While I agree with this article, these people don’t even know that it exists. They won’t even know there’s a problem until it’s to late to repair it. How frustrating this is.
Yall its called rectal cranial inversion
The audacity of a government action to ARBITRARILY select
carbon emission (CO2, etc.) level limits fror industries in order
to cripple those industries (as claimed by Obama, ie: coal)
is un-American. A skinny lawyer dude supported by a
motley selection of unsophisticated congressional loons
is attempting to confiscate our children’s future to spend
on pie-in-sky pork. No sign indicating common sense vetting
of self-serving line items. Spending frenzies of this magnitude
and content is criminal by reasonable standards.
Pass the blinders and hit the gas!
I don’t see a liberal. I see someone who has publicly endorced free trade. What has free trade done lately for the American people? Who profits from free trade? Where are jobs? Millions and millions of good paying jobs in manufacturing, finance, etc. have been outsourced for the over twenty years. The backbone of this nation is broken. The number security job in America should include security. Secure the economy. Build firewalls for our financial system. Ensure that we remain capable of buying food to feed our families. Stop the outflow of American dollars.
_________
SM: Free trade? He ran on buy American to pander to the unions …. went back on that little tid bit as the Euros threatened emabargo.
You think increasing jobs means created added expenses on the very individuals who create the jobs? Think adding more expenses and overhead to companies is a recipe for creating jobs?
Put the crack pipe down.
If added expenses are placed on products, the consumer will bear the cost. If a company cannot operate because od extra taxes, they will lay off workers.
This is Euro-Socialism … nothing more, nothing less.
Here’s part of an AP story on what seems to be a growing issue. Obviously the problems are complex, but this does not seem to bode well:
WASHINGTON – The Obama administration rushed to include a health care safety net for laid-off workers in the recently signed stimulus bill, but has not told employers exactly how to make it work.
As a result, tens of thousands of jobless people could wait months before getting help paying for health insurance that their employers previously had covered.
“Too many people are still trying to figure this out,” said Heath Weems, director of human resources policy at the National Association of Manufacturers. “There is a lot of confusion.”
At issue is the program called COBRA, the acronym for the law that allows workers to keep their company’s health insurance plan for 18 months after they leave their job, if they pay the premiums.
The policies are so expensive that only a minority of eligible workers sign up, often those with medical conditions that demand attention. Costs for a family of four can top $1,000 per month.
A $25 billion provision in the stimulus bill aimed to cut COBRA’s price tag, reducing its cost by 65 percent for workers laid off as far back as Sept. 1.
The bill gives eligible workers 60 days to apply. Then they get the reduced-cost premium for nine months.
But it’s not going to happen right away.
Employers are waiting for instructions from the Labor Department and the Internal Revenue Service on how to put the program into place. Both agencies posted some information online Thursday.
Until employers get the guidance they need and notify potentially eligible ex-employees, most workers will not apply for the new benefit. Many probably will not know it exists.
Below is something basic that I believe too many Americans keep forgetting. As was obvious in the Nation’s choice to elect Obama in November, many millions of fed-up Americans fell in to the pitfall of being influenced by the fear THE CHOSEN ONE continually spins & generates.
So, this is it…and it’s not exactly Rocket Science! Bigger government doesn’t work to secure independence for people, it secures power for bureaucrats. This is why the Constitution was carefully drafted and heavily debated. It was created to control government so government could not grow so tyrannical it controlled the people. In our hearts, as much as we may want to believe government can fix things we know the fixes coming from government come also with dependency and chains.
WAKE UP AMERICA!
I’m waiting for those who supported the Osama Bin Laden Barack Saddam Hussien Obama/Joe “brainless” Biden ticket to start crying and whining about the many difficult issues our country is/will be facing under the current administration…
Granted, we are already feeling the impact, but it will only get worse
I CAN’T WAIT TO SAY…”DON’T BLAME ME, I VOTED FOR MCCAIN!!”
Has anyone tracked down the lady that was on television crying about how happy she was that Obama was President because her mortgage was going to be paid for and she would not have to buy gas? I want to know what she is thinking now. Does she still believe in her boy Obama? The majority of the people that voted for Obama are clueless. They have no idea what they have done. It is going to be a long 4 years.
Stupid people will still be trying to blame Bush. It’s all on Obama now folks.
Oh, that lady with no more mortgage and free gas is still happy that Obama is the president. Because the rest of us are gonna be paying for her welfare…And she is probably gonna have more kids. More kids, more welfare money…Why the hell not? The “wealthy” pays for it all. Makes me sick…SICK
#18 It all makes me sick too.
and seneca falls, i do know the definition of socialism and communism. it’s barack obama.
time to go back to school Super Dave
socialist and communist are not the same.
#21…pretty much the same… communism is one or two bumps up from socialism…only a few slight differences.
OBAMA wants the stock market to crash. This has been his plan all along. This will make it easy for his continued spread of socialistic ideas in America.
Anybody that does not think this country is on a socialism train needs to take their heads out of their own rears!
slight?
big.
23:
scott, don’t try to sound like a fool, even you knows better then that.
Well, I’m glad I didnt vote for him. I never heard of B.Obama, his wife is a racist big mouthed hater of America. I cannot stand the fact she’s sitting in that Whitehouse after the bashing of this country. This country really needs to wake the hell up…
Not only that. What dues have they paid? Absolutely nothing! Where had Michelle O worked before her husband ran for office, does anyone know? Same with her husband? I know law school but did they actually work for a living?
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