4 Jan

Higher Taxes and a Crumbling Economy…This IS What America Voted For

                                       

Jim Cramer has finally seen the light it seems….after sitting down with his accountant and realizing what is coming down the pike.

Small businesses cutting hours, cutting employees or going out of business altogether. Taxes being raised on close to 80% of all households. Incredible amount of debt which will cause our credit rating to be downgraded which will increase are debt.

Increased unemployment and increased dependence on government will come, rest assured.

But of course this is what Obama wanted:

The rout was complete, the retreat disorderly. President Obama got his tax hikes — naked of spending cuts — passed by the ostensibly Republican House of Representatives. After which, you might expect him to pivot to his self-proclaimed “principle” of fiscal “balance” by taking the lead on reducing spending. “Why,” asked The Post on the eve of the final fiscal-cliff agreement, “is the nation’s leader not embracing and then explaining the balanced reforms the nation needs?”

Because he has no interest in them. He’s a visionary, not an accountant. Sure, he’ll pretend to care about deficits, especially while running for reelection. But now that he’s past the post, he’s free to be himself — a committed big-government social democrat.

As he showed in his two speeches this week. After perfunctory nods to debt and spending reduction, he waxed enthusiastic about continued “investments” — i.e., spending — on education, research, roads and bridges, green energy, etc.

Having promised more government, he then promised more taxes — on “millionaires” and “companies with a lot of lobbyists,” of course. It was a bold affirmation of pre-Clintonian tax-and-spend liberalism.

Why not? He had just won Round 1: raising rates. Round 2 is to raise yet more tax revenue by eliminating deductions. After all, didn’t John Boehner offer him $800 billion of such loophole-closing revenuejust a few weeks ago?

To paraphrase Churchill on the British Empire, Barack Obama did not become president of the United States to preside over the liquidation of the welfare state. On the contrary, he is dedicated to its expansion. He’s already created the largest new entitlement in half a century (Obamacare). And he has increased federal spending to an astronomical 24.4 percent of GDP (the postwar norm is about 20 percent), a level not seen since World War II.

But this level of spending requires a significantly higher level of taxation. Hence his hardball fiscal-cliff strategy of issuing an ultimatum to Republicans to raise tax rates— or be blamed for a massive across-the-board tax increase and a subsequent recession.

So sorry Jim….taxes WILL be raised and our economy WILL continue to crumble.

Why? Because that is what America voted for

About Curt

Curt served in the Marine Corps for four years and has been a law enforcement officer in Los Angeles for the last 24 years.
This entry was posted in Barack Obama, Economy, Nanny Government, ObamaCare Results, Obamanomics, Politics, POWER GRAB!, Socialism, Socialized Health Care, Taxes. Bookmark the permalink. Friday, January 4th, 2013 at 1:49 pm
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20 Responses to Higher Taxes and a Crumbling Economy…This IS What America Voted For

  1. Biggyrat says: 1

    Fortunately, I always keep my feathers numbered, for just such an emergency!

    ReplyReply
  2. sarah says: 2

    I am now hearing from a bunch of people who voted for Obummer again …. that they don’t deserve the higher taxes ‘they’ voted for. Guess what? I DO NOT CARE! YOU VOTED FOR IT now SHUT THE F**K UP!

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  3. Debraraes says: 3

    I tried to educate everyone I knew about what to expect if Obama won again. Guess what? Not enough people listened. And here they are complaining about how they are now considered ‘rich’. Oh well, this is what ‘they’ voted for.

    However, this sure as hell isn’t what “I” voted for. But it’s ok ……. I prepared. Too bad the people who voted for “ObamaClaas’ didn’t.

    For all the libs I knew who told me ‘I’ needed to ‘suffer'; I’ll say it ‘straight up’.

    “I told you so.”

    ReplyReply
  4. Smorgasbord says: 4

    One of the best decisions I ever made, was to retire at age 62. Not long after I retired, obama got elected.

    ReplyReply
  5. FAITH7 says: 6

    @sarah #2 – I tend to wonder 2 things….If the Obummer voters though Ofraud was going to take the wealth of the “rich” to (a) redistribute and/or (b) use it to pay down our debt….thereby excluding “them” [those who voted for the Ofraud] from having to ‘pay’ as much/or “any” taxes….

    This for most working people this is the last paycheck for 2012…I’d like to be a fly on the wall when they see their “first” paycheck of 2013…MAN!! is THAT going to be a RUDE AWAKENING….

    I’d love to be the one to remind them that “elections have consequences”….this is what you wanted and this is what you got….the ‘other side’ tried to educate you and you were warned….Now suck it up and shut up!!! lol

    ReplyReply
  6. Greg says: 7

    I imagine it really ticks a lot of people off that the S & P 500 reached its highest point in 5 years today, and that the U.S. economy picked up 155,000 jobs last month.

    That last item reflects a seasonal fluctuation,of course, but it still has some entertainment value.

    ReplyReply
  7. Nan G says: 8

    Obama’s taxes are even higher than the taxes people PAID in the 1950’s when the tax RATE was pushed down to 91% from 92%!

    Note I wrote taxes PAID vs tax RATEs.

    The illusion commences with that famous 1950s top rate of 91%.
    Official rates matter, but so do effective rates, the percent of income that people actually pay in tax.

    The Internal Revenue Service reckoned the effective rate of tax in 1954 for top earners was actually 70%.

    Or lower.

    The real effective tax rate for millionaires was 49% in 1953.
    The effective rate dropped throughout the decade, reaching 31% by 1960.

    http://news.investors.com/ibd-editorials-perspective/010413-639424-obama-high-taxes-still-worse-than-1950s-tax-rates.htm#ixzz2H3xjWk8R

    Obama has closed loopholes to the extent that people will change their earnings so as to avoid paying the higher rate.
    Even Al Gore tried to sell his 20% share of CURRENT TV before the Jan 1, 2013 deadline so as to save over $10 million in more taxes……and he SAYS the ”rich” SHOULD pay more!

    ReplyReply
  8. John Galt says: 9

    Hahahahahaha…
    I’m loving it.
    I remember when our CEO gave a speech just before the holiday break and commented about being glad that the election had ended. The production employees, all union goons, chanted Obama, Obama, Obama…
    Know I get to chant Obama, Obama, Obama and tell them to stfu and stop crying…
    Hahahahahahahahaha…

    ReplyReply
  9. drjohn says: 10

    Several times I heard Cramer say the economy was poised to “explode.” I think “implode” was the word he was looking for.

    ReplyReply
  10. Mully says: 11

    @Greg:

    Yeah it ticks me off that its not 250k or greater which is what we were told would happen by the summer of 2010 with the stimulus spending. 150k is not enough. If Obama’s policies are responsible for such mediocre numbers then he has failed to deliver on his promises. Does it tick you off poverty is rising and food stamp use age it exploding upward? Raising taxes does nothing to change any of this. Doesn’t going 4 billion more in debt per day everyday tick you off?
    http://www.aei-ideas.org/2013/01/the-dismal-december-jobs-report-shows-a-lost-year-for-u-s-workers/

    ReplyReply
  11. why trying to impeach a previous PRESIDENT FOR SCREWING
    A WILLING STAFF MEMBER,
    AND NOT IMPEACH ONE OTHER FOR SCREWING THE PEOPLE OF ALL THE STATES,
    WHAT DOES IT TAKE , WHO COULD IT TAKE,
    ARE AMERICANS BECAME TO SCARED TO PUT IT AS IT IS,
    who’s job would it be?
    who’s got the guts?
    it don’t seem to be any party in GOVERNMENT,
    ANY PENTAGON TOP GUYS?
    ANY GOVERNOR?
    THERE IS A GOLD BAR IN THE MUD NEEDING TO BE PICKED UP,
    BY WHO WILLING TO GET IN THE MUD,
    oops, maybe THE NEW CONSTITUTION PARTY HAS THE RESOLVE TO DO IT.

    ReplyReply
  12. Debraraes says: 13

    Clinton was not ‘impeached’ for screwing someone. He was impeached by congress for perjury. And the Democratic controlled senate kept his sorry butt in office.

    And as for Bush, please show how he ‘screwed’ the people of the United States. Please show how Bush used the Patriot act to throw American Citizens into jail as terrorists without due process or trial ……oh wait …….that was Obama.

    The so called ‘New’ Constitution Party wouldnt’ be the one that was exposed as being funded by Patriot Majority aka the Democrats and Reid … would it?

    ReplyReply
  13. Debraraes
    are you sure about the CONSTITUTION PARTY, BEING CONNECTED
    WITH THE DEMOCRATS AND HARRY REID,
    that make a big difference, I thought it would lean on CONSERVATIVES SIDES
    thank you for the info, some other here will be surprise too,
    good that I said trying to impeach, instead of impeach
    and you have to admit his perjury was for screwing
    and on the other line
    not impeach the other for screwing the STATES,
    I meant OBAMA, not PRESIDENT BUSH, which I had and have much respect for him and his decisions to stand for AMERICA,

    ReplyReply
  14. Ditto says: 15

    @Debraraes & ilovebeeswarzone:

    No,
    @ilovebeeswarzone and Debraraes, that is incorrect information. You are confusing two different third parties.

    A candidate Jon Scott Ashjian registered and ran as a member of the “TEA Party of Nevada”. This candidate was never ever affiliated with any of the real Nevada Tea Party activist groups, and it seems clear that the purpose was to confuse voters and siphon off votes that may have otherwise gone for the GOP candidate and therefore increase Harry Reid’s chances of winning.

    Twenty leaders of established Nevada TEA Party activist groups have all signed a letter denouncing Ashjian as a fraud backed by the media and the Reid campaign.

    Tea Party Express Accuses Nevada ‘Tea Party’ Candidate: ‘We Think You’re A Fraud’

    Ashjian has registered as a candidate with an actual “Tea Party” label for the general election, rather than running in the Republican primary. Right-wing talk radio host and Tea Party Express spokesman Mark Williams tells Ashjian to “get lost.” “Dozens of Tea Party groups across Nevada have spoken out against your candidacy,” Williams says. “None of us has ever heard of you, or even seen you at a Tea Party rally. Nothing. We think you’re a fraud who’s trying to split the vote and help re-elect Harry Reid.”

    Tea Party Imposters?

    A Tea Party Fake?

    A Pro-Harry Reid group out with radio ad touting Scott Ashjian

    Patriot Majority, the pro-Harry Reid independent expenditure group, is out with a new ad on conservative radio in Reno designed, in part, to push voters toward Tea Party of Nevada candidate Scott Ashjian.

    Nevada Tea Party Chairman Quits After Leak Of Sharron Angle Tell-All Tape

    LAS VEGAS — The chairman of the Tea Party of Nevada resigned Tuesday after a recording was made public capturing Republican Sharron Angle badmouthing GOP leaders during a meeting with the shadowy group’s U.S. Senate candidate…

    …”I gave the Angle campaign my word that this was to be a private meeting and not tape recorded. I feel my personal integrity and honor was violated when Scott taped what was to be a private conversation and then made it public,” James said in a statement.

    “I can understand why the Angle campaign feels that they were double-crossed. The Angle campaign trusted me and that trust was violated,” James added.

    New York Times: Democrats Backing Fake Tea Party Candidates

    Increasingly desperate and fearful of a GOP takeover of Congress, the Democratic Party is secretly supporting fake tea party and other third-party candidates in the hopes of diverting votes from Republican contenders.

    The stunning conclusion was made in a page one New York Times story headlined “Democrats Back Third Parties to Siphon Votes” – a report by correspondent Jim Rutenberg and published in Saturday editions of the paper.

    The Times reported: “The efforts are taking place across the country with varying degrees of stealth. And in many cases, they seem to hold as much risk as potential reward for Democrats, prompting accusations of hypocrisy and dirty tricks from Republicans and the third-party movements that are on the receiving end of the unlikely, and sometimes unwelcome, support.”

    “It is one of the dirtiest moves,” Rep. Kevin McCarthy, R-Calif., told the Times. “It’s not as though the Democrats are playing to compete against the third party — they’re helping to build the third party up to make those votes not count.”

    The Times detailed numerous races across the U.S. where a “Tea Party” candidate has been working to siphon votes from the Republican candidate. In a close race this third party effort could throw the election to the Democrat.

    Arguably, the most serious effort is taking place in Nevada where the Times says supporters of Harry Reid are backing a “Tea Party” candidate named Scott Ashjian.

    Read Latest Breaking News from Newsmax.com http://www.newsmax.com/InsideCover/harry-reid-scott-ashjian/2010/10/24/id/374718#ixzz2HBmXociq
    Urgent: Should Obamacare Be Repealed? Vote Here Now!

    I have no doubt whatsoever my mind that Jon Scott Ashjian was a spoiler candidate put forth to help Reid’s chances at reelection. Harry Reid is a sleazy and disingenuous politician with a political machine that will pull every dirty trick possible to keep power, and as New York Times correspondent Jim Rutenberg notes, the Democrats have used this tactic in other races all over the nation.

    ReplyReply
  15. Ditto
    wow, I’m glad to have tell you,
    I thought of HARRY REID AS A DANGEROUS SNAKE WHEN HE ACCUSED MITT ROMNEY
    OF NOT PAYING HIS TAXES, AND KIND OF PAY ATTENTION TO HIS TALK
    IN THE GOVERNMENT AFFAIRS,he always shift the blame to other party,
    and it’s now apparent they him and OBAMA WORK TO GET THE CONGRESS THE BAD PUBLIC NUMBERS OF
    POPULARITY, THEY BEGAN AND WHEN IT START FALLING THEY CONTINUE BEATING THE CONGRESS MAKING THEM LOOK AS THE ONE CAUSE OF THEIR OWN FAILURE,
    THAT IS THE MOST VICIOUS ATTACKS THOSE TWO OBAMA AND REID MADE,
    ALONG WITH THE ATTACKS ON PRESIDENT BUSH SO THAT EVERY AMERICAN ALMOST HATED HIM,
    AMERICA STARTED HER CULTURE OF HATE OF ANY KIND WITH OBAMA IN POWER
    AND THE DEMOCRATS AND THEIR MEDIAS COVERED HIM AND THE DEMS, UNTIL THE LAST ELECTION WHO REALLY EXPOSE THEIR POWER ANGRY DANGEROUS HATEFULL ACTIONS TO WIN AT ANY PRICE EVEN BY LOOSING THEIR SOULS,
    IF THAT’S NOT FROM HELL, WHAT IS?

    ReplyReply
  16. Ditto says: 17

    Excellent article that explains what Beohner and the establishment Republicans continually fail to understand Obama:

    Republicans Should Recognize, Reveal the Real President Obama

    ReplyReply
  17. Ditto
    page not found on your last link
    bye

    ReplyReply
  18. Ditto
    she has it right on the heart of it,
    I HAD FIGURED JUST THE SURFACE , BUT SHE GOT ALL THE CHARACTER OPEN he his bare naked in there
    AND DID YOU READ THE COMMENTS?
    THANK YOU FOR GETTING THAT LINK,
    OBAMA MUST HAVE THE OTHER CLOSE, MAYBE HE’LL TRY ON THIS ONE,
    I must add to it that his drug use at any time until today has created a block in his brain,
    preventing him from growing his brain, he has stop progressing to become better and smarter,
    but the negative side of his brain has evolved and took the space left untouch, that make the guy dangerous on revenge
    BYE

    ReplyReply

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