This administration has a reputation to keep. And that is, to be wrong. And they are really good at it. Right now, the White House is just being stupid.
What is being said out of the White House now, is that ‘keeping the “Bush tax cuts” in force for the rich won’t help any because the rich will only use the money for putting in bank accounts or investing it. Now, there are several things wrong with this thinking, starting with the White House’s stark raving lunacy about these ‘so called’ “Tax Cuts.”
1. Tax cuts are only tax cuts when they are implemented. After that they are no longer tax cuts, but instead, are a part of the Tax Code. Nothing more. Bush’s tax cuts ceased to be tax cuts when they were implemented They are now a tax code, that you only wish to raise with TAX INCREASES! Get it right for once.
2. If you raise taxes on the rich, especially in this economy, you hurt the little guy because they are the ones that depend on the jobs that the rich have. You raise taxes on small businesses to large businesses, you curtail the hiring that they would do, if taxes were left alone, or lowered. This has been proven through out history.
3. What in the world is wrong with putting money in banks? Don’t the banks use the money to finance homes, businesses, loans, car purchases? All things that help the economy? What planet are you liberals from anyway? All of this has been proven over and over again in the past to work, and, would be proven again if you would allow it.
But, there is more here people. I found out today that we support the bailout of the European Union. You know, the European Union? Here it is from CNBC: “The United States would be ready to support the extension of the European Financial Stability Facility via an extra commitment of money from the International Monetary Fund, a U.S. official told Reuters on Wednesday.” Essentially we are going to bail out the EU. So, let me ask you, Obama, a question. And I do want an answer, because, after all your spending over the last year and a half, we are broke! Why do you insist on doing things that spend massive amounts of money? HMMM???
Are you being stupid for a reason? Or does it just come naturally for you?
May God’s Blessing be on our great country, her leaders and her people,