Obama's Abomonible Obamanomics

Obama's Abominable Obamanomics

Ever wonder when you wake up in the morning if we’re blessed to be living in a rare age of wonderment, of great innovations and unprecedented progress? Or is ours a cursed era where little makes sense, where up is down, where truths are lies, where the formerly-understood has degenerated into massive confusion?

Our age is all of the above, though the nonsensical, falsehoods, misrepresentations, and confusions have upstaged innovative progress, taken center stage, and are evolving into the norm.

When President Barack Hussein Obama unequivocably declared in August, 2009 that the United States should never raise taxes during a recession, he seemed, even to me, sincere. When he said, “The last thing you want to do is raise taxes during a recession,” he seemed to believe what most rational people think, that the very thought of any government taxing money out of an already-reeling economy was incomprehensible.

That was then, this is now.

Two years later, with America’s economy still in pitiful shape, unemployment stuck at over 9%, poverty on the rise, the under-employed numbering some 26 million, those who hire not hiring for fear of the future, food stamps being doled out like candy at Halloween, the nation’s credit rating lower than ever before, our president is proposing $1.6 trillion in new tax levies.

Fear not, however. Those taxes, which he pledged would never be exacted during a recession, will only burden the filthy rich, i.e., anyone earning more than his constituents. The 45% of American workers who don’t pay a dime in federal income taxes now will continue to save that dime under his scheme and the wealthy would finally cough up their fair share.

Obama never lets facts intrude on his socialist ideology and intentionally ignores an Associated Press report which puts the lie to his populist soak the rich gambit.

The same AP that has twisted news to his advantage since 2007 exposed Obama for a tax charlatan by revealing the truth.

According to the CBO, ”On average, the wealthiest people in America pay a lot more taxes than the middle class or the poor . . . They pay at a higher rate, and as a group, they contribute a much larger share of the overall taxes collected by the federal government. The 10 percent of households with the highest incomes pay more than half of all federal taxes. They pay more than 70 percent of federal income taxes.”

So much for Obama-buddy multi-billionaire, Warren Buffett, so much for Obama’s wealth theories.

Regardless of his other misrepresentations, did we miss something here? Did the recession, when raising taxes was verboten, end and nobody noticed? . . .
(Read more at http://www.genelalor.com/blog1/?p=5500)