Obama and Class Warfare

The White House: Statement by President Obama on failed Senate Agenda. The President has stated the following, “ Tonight, Senate Republicans chose to raise taxes on nearly 160 million hardworking Americans because they refused to ask a few hundred thousand millionaires and billionaires to pay their fair share. They voted against a bill that would have not only extended the $1,000 tax cut for a typical family, but expanded that tax cut to put an extra $1,500 in their pockets next year, and given nearly six million small business owners new incentives to expand and hire. That is unacceptable. It makes absolutely no sense to raise taxes on the middle class at a time when so many are still trying to get back on their feet. Now is not the time to put the economy and the security of the middle class at risk. Now is the time to rebuild an economy where hard work and responsibility pay off, and everybody has a chance to succeed. Now is the time to put country before party and work together on behalf of the American people. And I will continue to urge Congress to stop playing politics with the security of millions of American families and small business owners and get this done. ” Does Obama ever bother to check the statements put out under his name, in the statement Obama states that it is “ makes absolutely no sense to raise taxes on the middle class ”, who does Obama thinks pays for the middle class in many respects, yes it’s the rich, by this blog definition the rich are small business owners, or those that are millionaires and billionaires, they pay most of the taxes, they buy the goods that are made by the working or middle class. These two groups know life is hard, thus they tend to be quite conservative in their spending habits, if you tax the rich, you don’t get the unemployment rate down, you don’t get tax revenue up, all you do is feed the class warfare ideology of the left and Obama. President Obama confirms what we knew already folks, he conned the US voter in 2008, he is left wing liberal, who does not understand Americans, in fact it can be argued that he does not like up and coming Americans, he seems to think that the poor have some morale claim on the wealthy to look after them from birth to death, that’s BS folks, if your poor giving you money does not help, you can either teach someone to fish or give them fish, if you give them fish but not the next day or the next day they starve, if you teach them, they can feed themselves.
　

Euro Bonds = No from Angela Merkel

Guardian: Reports a speech by the German Chancellor Angela Merkel to the German Parliament, again the Chancellor as ruled out Euro Bonds as way to save the Euro. There is a simple reason for this folks, the Germans would have to underwrite the bonds, in other words they would be on tap to bailout the PIGS in till the end of the time. Why would the PIGS reform if they know that the Germans are going to open the till anytime they get in to trouble. The Chancellor also stated that the Eurozone was on the way to a fiscal union, lets see how the other 16 States react to the fact that the Germans would have a VETO over their budgets, could revoke those budgets if they broke German rules. Lets see if the other 16 States of the Euro go along with the 4th Reich view of the EU. What really was the point of WW1 and WW2, the idea of Germany running the European economy was part of the aims of the Kaiser should Germany have won WW1.

8.6% Unemployment in the US

BBC News: Reports that the US Unemployment rate has fallen from 9% to 8.6%. There are two themes here folks, there is the political and economic, the Obama Oval will be shouting this number for all its worth, that would be a mistake, on the political and economic front, if you look deep in the background as the did on Fox News, they found that the drop was due to the fact that over three hundred thousand Americans have stopped looking for work and the new jobs are in the services industries, thus what happens after Christmas, these short term contracts come to end, thus a spike in the rate can expected in January. This will look bad on the political front, the US voter will expect the unemployment rate to do down after the seasonal period, when that does not happen they will think they have been sold a lemon. On the economic front, there is the 15 trillion US debt, the US political system has still not come up with a plan. Think of these figures as a pre Christmas Party, then expect the hangover in the New Year folks. Also the Credit Card Bill.