Obamas speech was a disgusting display of Demagogery. Definition; A leader who makes a speech intended to appeal to the fears and emotions of the people inorder to gain support for himself, devoid of actual content or beneficial purpose.
Obama once again has worked his magic, drawing a stern warning from "Standard&Poors" that Americas Bond rating status is no longer excellent and that Americas inability to curb its out of control spending will result in a reduction of credit rating. This will reduce the willingness in Countries to loan us more money with the new spector of an America ,unable to pay its loans back! Hyper inflation is the expected result if the rate on borrowing is increased! Thanks be to Obama and his Democrat Band of Idiots!
In Obamas pandering speech, he discussed why we need to penalize the rich once more and take their Money, so He and His Socialist Band can redistribute it. If in fact, we have decided that nobodys money is their own, how long will it take for these socialists to turn their hungry eye on every American?
Lets say we decide to screw the rich and confiscate ALL their money this coming year, 100% tax levy on the rich because we want to!
The entire theft would net 938 billion dollars! It would be a one time robbery of course, because they wouldnt be rich any more and next year the money wouldn't be there to steal.The Democrats and Obama refused to pass a budget for last year because they didnt want America to know just how much money was being thrown away and spent! 4 trillion dollars to be exact or 8 times the worst spending year of Geo. Bush's Presidency while Democrats had a majority in the house and the senate! Or more spending in one year than in 8 years of Bush!
In order to take screwing the rich seriously, to bail out the democrats insane spending spree, we would have to conjure up six times more rich people each year to hedge Obamas government spending!...well , in Obamas anti-business economy, thats not going to happen.
O.K. lets go after everybody in the top 10% of income in the United Stated and screw them, steal their money and redistribute it instead.
Unbelievably, that income bracket starts at $114,000.00 per year.
Remember, the "annointed one" said he wouldn't touch anbody, screw anybody above $250,000.00 per year, so where Are the Democrats and Obama going to find their next vicitm? the top 10% already pay 70% of all taxes collected in America. Obama said he wouldn't screw anybosy under $250,000.00 so ....include all American Small Businesses in the bracket of intended victims, that will work! Any small business earning $250,000.00 dollars gross income will be included in the new 40% tax shaft Obama plans to shove up Americas blind side! A small business that makes $250,000.00 a year normally operates on a 20% margin or has only $ 50,000.00 profit and overhead left after expenses. Are these people rich? not even close, still Obama, Demagog that he is, is displaying his cold blooded opinion of Americans' intelligence quotent by mis-directing his sppech and intentions to do so, while making no mention of attacking small business people.
Will America benefit from this robbery? Actually, we will suffer and fall into more unemployment, as small businesses are forced out of business and take their jobs with them. Remember, small business employs 80% of Americans today.
Where else can the Compassionate Money Grabbers get some cash? Obama said it in his tainted speech"TAX EXPENDITURES": A SMELLY NAME, A GAME OF MIS-DIRECTION CALLING TAX DEDUCTIONS, EXPENDITURES!
Look out for this one, this really means elimination of all tax deductions for 401ks, Mortgage interest deductions, property tax deductions, employers deductions for health care contributions, employee deductions on expenses, you guessed it, the financial end game destined to collapse the real estate market once and for all, destoy property values, eliminate jobs in construction, manufacturing, supply and marketing for ever! Millions of people will lose their homes, values will bottom out at zero and the economy will collapse!
Funny, my kids learned at early ages, if they wanted something from the store they had to save up for it. My kids knew not to ask for a cookie if they had eaten them all!
Democrats have gobbled up all the cookies for decades to come and want to go next door now and steal the neighbors cookies.They want to hire more employees to go house to house and inspect all kitchens for hidden cookies. they want to write legislation on cookie ownership and legislate why they need and want our cookies, even though they didn't work for them or buy them
Democrats are willing to burn their house down tomorrow for a cookie they must have today!
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