In Barack Obama’s quest to transfer power from the people to the government Barack Obama is making decisions with out the consent of the voting citizens of the United States. Today’s announcement that he is going to with draw troops on August 10, 2010 is a good idea. But this is how stupid Barack Obama is, He just announced to the world that we have surrendered and are incapable of finishing what we started. If Barack Obama had withdrawn the troops quietly in an organized or systematic way that would have been OK. Everyday Barack Obama shows his short comings in his ability to lead this country. And again I’m sure today’s news will again remove the confidence in the investors in this county and the markets will weaken even further. You can see the downward spirial of the market here as I track it as Barack Obama makes his plans to ruin Wall Street and destroy the savings of US Citizens.
I just want to explode as I watch the market and my life’s savings disappear. It is bad enough the Bill Clinton started this mess, George W. Bush contributed to it when he got side tracked with 9/11 and didn’t grab the bull by the balls and stop the emerging mortgage melt down by taking action against the Socialist party and stop the madness at Fannie Mae and Freddie Mac. And now the voters of The United States of America have giving a person that has roots in Marxist Socialism a credit card with no limits or good credit. If you think 9/11 changed America for the worst, Just wait till you see the shambles that Barack Obama is going to leave. Most of my friends say, “Give him a chance he is only in office for a few months.” In the few months that Barack Obama has been in office he has not give us hope, rather he has done just the opposite, he has destroyed the confidence of the public. The only people that have confidence in Barack Obama are people that believe that they deserve a life of entitlement provided free by the entrepreneurs that have started businesses to give this country jobs.
Today Barack Obama has made the proclamation that he (in the name of the Government) is mandate that the successful people today making $250,000.00 or more will be subject to extreme high taxes which amount to extortion as these people that make that amount of money have no say in how much Barack Obama wants to take from them.
Barack Obama wants to use the taxes that he is going to take from people that make over $250,000.00 to provide subsidized welfare in the name of healthcare to the public.
See my page on my comments on healthcare.
Let’s listen to Barney Franks statement about “RECOVERING” the money that the wealthy have due to the currant tax rate.
This was an interview with CNBC which is one of the most liberal media stations on the air. According to Barney Franks the people that have been successful must now have that money “RECOVERED.” As if that money never belonged to the sucessful people to begin with and the government is “ENTITLED” to that money and must take it back.
Just think about what Barney Franks is saying. Just think. Basically if the socialists believe you have to much money they will take it back and PUNISH you for being successful. What is this going to do to the psyche of anyone that wants to start a small business, create jobs and provide a privately run enterprise? It will discourage anyone from starting a business for fear of being successful and making over $250,000.00 a year. And here is the worst of this, $250,000.00 is not a lot of money for some one to earn if they own a small business. Ok so what amount would be? I think that any one making over $750,000.00 a year should be taxed at a slightly (maybe 8%) more in Income tax.
Wake up America. This is not good. You can think about today as we are all having a rough time. But what is emerging is not a good plan for the future of your children or your not to distant future.