{"id":3569,"date":"2008-10-31T10:00:06","date_gmt":"2008-10-31T15:00:06","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=3569"},"modified":"2008-10-31T14:07:05","modified_gmt":"2008-10-31T19:07:05","slug":"we-will-all-pay","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=3569","title":{"rendered":"We Will All Pay"},"content":{"rendered":"

Obama has been touting the absurdly transparent\u00a0notion that 95% of Americans will receive a tax cut under his “plan”.<\/p>\n

As long as you make less than $250,000 $200,000 $150,000 $100,000<\/strike> <\/a>$50,000 and aren’t a corporation, you’ll be “safe.”<\/p>\n

But businesses and employers are too smart for that; you will<\/em> pay. We all<\/em> will.<\/p>\n

An increased\u00a0tax burden\u00a0will become a cost of doing business. A cost that will be passed through and ultimately borne by consumers via higher prices on goods and services that soon they won’t be able to afford any way because so many will have lost their jobs; rendered by the cutbacks\u00a0(already in progress by the way) necessitated under an Obamanomics regime.<\/p>\n

Does Obama really believe<\/a> that the rich got that way by taking losses or swallowing costs?\u00a0 When the price of gas or copper or labor or insurance or anything else increases, businesses and the people who own them have two choices: they can lose money or they can raise prices and pass the cost along to their customers.\u00a0 What do you believe they will do?\u00a0 If you need a moment to figure this out, you are probably a hardcore Democrat and you can stop reading now.<\/p><\/blockquote>\n

Anyone else, conservative, moderate, or apathetic, knows the answer: businesses cannot lose money.\u00a0 They will pass along any increased taxes in the form of price increases.\u00a0 The taxes they pay, you pay — eventually.\u00a0 The only difference is that unlike the hated 5 percent of Americans that Obama openly brags of punishing with new taxes, you will not get a bill from the government declaring your new taxes.\u00a0 You\u2019ll just pay more for milk and gas and credit and clothes and iPods and everything else you buy.\u00a0 At the end of the month, you will have less money and not know why.\u00a0 Doubtless, Democrats will tell you to blame the rich for that too.<\/p><\/blockquote>\n

I heard someone (It wasn’t a wealthy person or a business owner – I can tell you that) say this week “No one believes that the rich will stop making money just because they have to pay higher taxes.”<\/p>\n

I agree. The\u00a0wealthy, business\u00a0owners, the employers in America won’t stop trying to create wealth. To them, a bad day running their own business is better than a good day working for someone else. It’s their nature. They will innovate and do it with with less. Less employees – the very people that Obama professes to be the messiah<\/strike> champion of. Suckers.<\/p>\n

The effect of liberal policies is reflected in the current (or should I say latest) crisis in our domestic automotive industry. Workers “served” so well over the years by their Unions will soon be losing their jobs as GM and Chrysler merge – Chrysler will disappear, only after closing half it’s manufacturing plants. Tens of thousands are about to lose their jobs.<\/p>\n

Permanently.<\/p>\n

Earlier this week we published<\/a> a Battle Royale between General Motors and Chrysler in order to determine in a fun way which vehicles from each automaker that compete directly in the marketplace would survive if the two merged. Out of 12 matchups, GM vehicles won eight and Chrysler four. A new report by consulting firm Grant Thornton LLP largely confirms that our experiment was spot on. The report says that if a GM\/Chrysler merger happens, only the Dodge Ram, Chrysler and Dodge minivans and a few Jeep models will survive.<\/p>\n

…Chrysler’s model lineup across all three brands would largely be wiped out if a merger with GM happens, as well as the plants that build those models and the workers who do the building.<\/p><\/blockquote>\n

America’s auto unions have “spread the wealth” too, forcing employers to pay an artificially high price for labor, in turn bringing on the demise of the domestic auto makers because they simply can’t compete with higher-quality product produced by people that are willing to work harder for less money. In the end, it is no consolation that the American has<\/strike> had it so much better when his foreign counterpart still has his job.<\/p>\n

Try as you may to manipulate our economy with “wealth spreading”, the market will ultimately <\/em>determine the value of products, services and <\/em>wages. Liberals decry the evil of outsourcing when it is their very policies that incent American corporations to seek it.<\/p>\n

Employers are already running scared and their employees know it – hence the drop in spending and growth. We have one quarter of decline already in hand. One more, and we officially have a recession. And Obama hasn’t even taken the helm yet.<\/p>\n

Obama’s economic plans will not “save” anyone. Raising\u00a0taxes will simply be throwing sand in the gears of our economy and everyone will suffer for it. Exactly the wrong idea at exactly the wrong time.<\/p>\n

I am less concerned for Obama’s now obvious ambitions and ideologies, and a liberal Congress doing his bidding. I’m more concerned that if Obama is installed, it will be exactly the other way around. There is a greater chance Barney Frank and Nancy Pelosi will see their <\/em>plans manifest in policy than Obama’s “redistributive change.”<\/p>\n

Admittedly John McCain hasn’t been the most charismatic media darling like his smooth-talking Marxist opponent but he represents the closest thing we have to a savior in a time we are about to need one. We need someone that will stands up to a democratic congress to bring some semblance of balance.<\/p>\n

…and hope…that things don’t get a whole lot worse…for a whole lot of people.<\/p>\n","protected":false},"excerpt":{"rendered":"

Obama has been touting the absurdly transparent\u00a0notion that 95% of Americans will receive a tax cut under his “plan”. As long as you make less than $250,000 $200,000 $150,000 $100,000 $50,000 and aren’t a corporation, you’ll be “safe.” But businesses and employers are too smart for that; you will pay. We all will. An increased\u00a0tax […]<\/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-3569","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\/3569","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=3569"}],"version-history":[{"count":0,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/3569\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3569"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}