Mr.Nick
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- May 10, 2011
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sums it up rather nicely...LINKS in article at site.
SNIP:
By William L. Gensert
Every Obama speech is fraught with lies and half-truths. He relies on his belief in the ignorance of his audience, and that Americans are too lazy and soft to recognize his dishonesty. When your record is abysmal, you can't tell the truth.
Obama, hasn't a clue on how to fix the economy. Instead, without ideas, he copied Teddy Roosevelt's 100-year-old speech in Osawatomie. With Barack Obama, it's always yesterday's answers to today's problems...and this is the man they told us was a genius. The president maintains that the rich get richer by making everyone poorer. Ah...bitterness and envy, the illegitimate stepchildren of hope and change.
The fix, of course, is higher taxes, but when the taxes to pay for ObamaCare go into effect in 2013 and the Bush tax cuts expire, everyone's taxes will increase -- not just the highest income brackets. People in the top 1%, while earning 17% of the nation's income, already pay almost 40% of all taxes and are scheduled for an almost 20% rise even before the president's proposed increases.
The tax on capital gains will rise by 33%. This is a tax on the sale of assets purchased with after-tax income and held for a specific period of time. A lower rate promotes long-term investment; economists understand this, and every time the rate has been cut, revenues have increased. Yet Barack Obama would raise the rate in the interest of fairness. The nation doesn't need investment; that would just provide jobs, and the country doesn't need jobs. Besides, a higher rate on investment income makes a good slogan, and it "fits well on a bumper sticker."
The president now regularly runs $1.5-trillion deficits and has spent almost a trillion dollars of stimulus funds rewarding political backers such as unions, government employees, and crony capitalists. It's not that he cares for any of them. These people financed his 2008 campaign and are now paying for his 2012 campaign. He is bankrupting America for no reason other than his own re-election.
He wants to spend $1 billion on this election. Disregarding the $800 million he spent in 2008, this is more than all the previous presidential elections combined. It won't be cheap buying all the votes he'll need in 2012 to overcome his failure as president.
Despite what he says, Barack Obama is the original fawner to the fat cats. He has gotten more money from Wall Street, union bosses, and crony capitalists than anyone. For him to position himself as a class warrior, doing battle against an entrenched elite, speaking truth to power, is ridiculous.
In addition, the extra taxes the president demands will not go to deficit reduction; he wants the money for more spending on his vision. His first stimulus provided dozens, if not hundreds of jobs. If the nation would just give him more money to spend, we could be out of the eternal Obama recession in under a thousand years. Pass the bill now; we can't wait.
The Record: Energy
whole article here
Read more: Articles: Barack Has a Record
After GM he should have a criminal record.