Friday, September 9, 2011
Why Obama needs to go
Rather than stand up for the middle and lower classes "Mr. Change we can believe in" is leading us right down the path that the republicans have carved. What nobody seemed to notice in that speech last night was that the bulk of the "Jobs Act" is nothing more than tax cuts. And you'll note that the bill must be offset by spending cuts. Just where do you think these cuts will come from? The military? Oh think again. Corporations? Ha think again. They have more lawyers and accountants than a teen heartthrob has fans. And they are the ones who make the laws anyway so you know where that will go. No Mr. Obama played nicely into the hands of the looney bus and will take that money right out of your pocket. How's that you might ask? Well remember when he lowered witholding from pay checks? That was 2%. Where'd it come from? Social Security taxes. There's a stupid move if I've ever seen one. Drain your retirement income to live for today. Isn't that what teens who haven't learned responsible spending habits do? And now he wants to give everybody a nice $1500 tax break only that will be from Social Security. You see a pattern here? This is just what the republicans want. And he wants to go after Medicare as well.
Then there's the $4000 tax incentive for businesses to hire. Nothing like trying to push a string down the street. The reason business isn't hiring is because there's no demand. So why would a business with no demand want to saddle themselves with more workers with nothing to make? At the very height of this past recession that very same idea was put in place. Back then it was $1000 credit. It didn't work then and it won't work now. All the businesses that I contacted during that time told me the same thing. "I can't keep my regular people working and many were laid off". At one point they even fired the receptionist and the phone was answered by the manager.
No, tell Obama what he can do with his grand Jobs Act. We don't need a republican in the white house any longer. The safety nets of this country were put there for a reason but he doesn't seem to get it. We need a true progressive who will stand up to the planks of the democratic party platform and not some weenie who caves on every issue.
Bank fails later.
Only one bank fail this week in FL