What’s your take on the fiscal cliff? If the proposed solutions regurgitated in the mass liberal media were jobs, we would lower the unemployment rate. The fiscal cliff is a distraction from the real crisis facing America, debt.
The fiscal cliff will give the economy the flu, while the debt will lead to terminal cancer. Obama’s request to give the executive branch unlimited spending authority by eliminating a debt ceiling proves he’s all in for the terminal cancer.
Thomas Sowell clearly spells out a big lie of the left is that President Bush’s “tax cuts for the rich” cost the government so much lost tax revenue that this added to the budget deficit– so that the government cannot afford to allow the cost of letting the Bush tax rates continue for “the rich.”
Easily proven false, revenues to the government increased following the tax cuts by not only Bush, but Coolidge, Kennedy, and Reagan too. Why don’t the Republicans scream the truth from the rooftops, every day?
Looks like we’ll go over the cliff, not as Democrats claim due to Republican obstruction, but due to Obama himself, entrenched in his radical left ideology closer resembling Marx than Madison. Obama doesn’t have a clue of the benefits economic freedom provides people and the economy. None.
Daniel Henniger of the WSJ perfectly diagnoses the problem, quote; “The main reason there isn’t, and may never be, a solution on the fiscal cliff is that Barack Obama doesn’t know how to do a political compromise. Where in his career did Barack Obama ever learn the art of the political deal? Nowhere.”
This proves once again you can never trust what Obama says, he who campaigned tirelessly repeating “You can trust me, I mean what I say”. It appears Obama’s desire is to take us over the cliff because he is inflexible with his class warfare tax the rich for ‘fairness’ stance. Lost jobs be damned.
We know the amount of money raised by this tax will be as beneficial to the economy as taking a squirt gun to a five alarm fire. If it even raises the projected amount. The rich historically have been able to shelter their income. That is lost on Obama.
The main concern is the impact on jobs. Obama continues to mislead that jobs will not be lost because it only impacts 3% of small businesses. Ernst and Young an accounting firm says it will cost 700,000 jobs. Who do you trust more on economic predictions? Obama who has never been right, attempting to break Bernanke’s record of futility, or an accounting firm?
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Thursday April 17th, 2014 | John Ransom
New Time 11:20 AM PT: Get the Market Movements in Advance: William's Edge Webinar for Wednesday April 16th, 2014 | John Ransom