Barack Obama’s explanation of his tax plans if elected is instrumental in illustrating the thin line between lying and\u00a0nondisclosure. His plan to raise taxes on those that employ a great many of his constituents is a failure to realize the benefit of economic lessons learned. It is also proof of his gross economic illiteracy.<\/p>\n
His “Tax Cuts for 95% of Americans” ploy, given the fact that 40% of Americans don’t pay taxes defies basic mathematics. The idea that those above $250K represent the Nation’s upper crust defies the imagination.<\/p>\n
Being subject to lower taxes will not be relevant\u00a0to middle-class American families if their breadwinners lose their jobs. Half of America’s workforce draws a paycheck from small business owners. Further burdening these businesses, especially in challenging times like these, will serve only to harm those that Obama professes to be the messiah they’ve been waiting for. In fact, they will suffer the most.<\/p>\n
Make no mistake. We are in a recession.<\/p>\n
We need small businesses to do what they have done in most every previous recession. Grow. Hire. Invest. Small business has lead us out of tough times in the past, and if given the chance, will do so this time as well. Unfortunately, in the face of this<\/em> recession, the American voter, in a twisted manipulation of cause and effect, has been lured into thinking that a Democrat is the answer. They will be dead wrong.<\/p>\n It is a sad commentary that the only upside to the current political tide for business owners and investors, and those that benefit from their success, is that an Obama Administration will be another Carter administration. Maybe worse. In this scenario, voters will awaken to the stark postmortem reality that a vote for a true <\/em>conservative is a vote for economic prosperity.<\/p>\n In all fairness, Republicans deserve this predicament even if it is the American people that will suffer the most. Opportunities for true reform and fiscal restraint were squandered. President Bush has been one of the most fiscally liberal Presidents in modern times; and he’s a Republican.<\/p>\n The fact remains however, that raising taxes and spending any time in the next eight years, given the economic turmoil that we have just begun<\/em> to suffer, is the polar opposite of what should be prescribed.<\/p>\n Our nation is amidst a time of unprecedented vulnerability. To think that a liberal majority can somehow resist the temptation to push their socialist agenda, even given the catastrophic consequences it will have for our nation, is a pipe dream.<\/p>\n We are on the precipice of total economic collapse as our system unwinds from a forty year super-cycle of growing consumer and national debt brought on by liberal economic policy and the inability of conservatives to exhibit the leadership to countermand its effects. Barack Obama has been consistently aligned with those that planted the seeds of this crisis while John McCain has been one of only a few voices of caution when leading indicators appeared on the horizon.<\/p>\n Do we face another Great\u00a0Depression? It’s hard to say with certainty. Given our precarious economic status and the near certainty that liberals will gain unfettered control of fiscal policy, there is cause for concern. Great concern.<\/p>\n In the last Great Depression, fiscal policy was exactly wrong, albeit in hindsight. As the economy weakened, the Fed actually increased <\/em>rates. The President resisted even short-term deficit spending. Unemployment was higher than it is now.<\/p>\n In this case, the Fed has little more it can do. Deficit spending has been the norm for years. We have a ten trillion dollar national debt; closer to thirty if you count future obligations. Interest rates are already close to the bottom.<\/p>\n The only lever left is to lower taxes and allow the free enterprise system to rescue us via the creation of new jobs and wage growth, which will drive consumerism and investment. Even that takes time. Time we may not have. Ronald Regan’s efforts took more than a year to take effect.<\/p>\n Consider this: lowering taxes and incentives to allow the free enterprise system to pull us out of the grasp of recession; does this sound likely given the trend in the affiliation of our elected officials?<\/p>\n Be afraid. Be very afraid.<\/p>\n","protected":false},"excerpt":{"rendered":" Barack Obama’s explanation of his tax plans if elected is instrumental in illustrating the thin line between lying and\u00a0nondisclosure. His plan to raise taxes on those that employ a great many of his constituents is a failure to realize the benefit of economic lessons learned. It is also proof of his gross economic illiteracy. His […]<\/p>\n","protected":false},"author":228,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57,12],"tags":[],"class_list":["post-3459","post","type-post","status-publish","format-standard","hentry","category-economy-and-the-market","category-campaign-08"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/3459","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/228"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3459"}],"version-history":[{"count":0,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/3459\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3459"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3459"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3459"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}