Obama's Tax Hikes NO MORE!

The New York Times: Reports that President Obama has decided that his call for Tax Hikes on those on more that two hundred and fifty thousand no longer apply. Have to admit have been very impressed with the Obama Cabinet and this latest news on Taxes, Obama should have a word with UK PM Gordon Brown, Brown wants to after the next General Election to have a 45 percent tax band on those on one hundred and fifty thousand. The PM is pandering to the left of the Labour Party. On the other hand President - Elect Obama is following the example of Ronald Reagan, tax cuts work, the left of the Democratic Party will not be happy, Michigan Senator Carl Levin stated on CNN's Late Edition on Sunday that he wanted to raise the tax on the rich. Lets not get to far head of praise for Obama, lets see what he does after January 20th 2009.

Economic News in the UK

On the economic side we have some good news if you want to be conned, in this case its the new policy by Labour Government to cut VAT, Value Added Tax from its present 17.5% to 15%. The catch is that it will go back up after a year. Have to admit sat down to watch the Chancellor of the Exchequer but he was so boring fell asleep. Its a con, its being done as way to allow Labour to have some good news before calling a General Election. If Labour really wanted to help people it would have cut income tax, all the policies are pandering, make the left happy, what my concern is the future of the UK Economy. WELCOME BACK TO THE 1979 AND THE WINTER OF DISCONTENT FOLKS.

Death in Afghanistan

BBC News: Reports on the death of another British Soldier in Afghanistan. The total of deaths now stands at 126. After January 20th 2009, President Obama is going to ask the UK to send more troops to Afghanistan. I hope PM Gordon Brown has the courage to follow the example of the late PM, Harold Wilson and refuse such a request, in Wilson's case it was Vietnam. The UK is doing her bit, to much it can be argued, its about time that the rest of NATO got off their back sides and helped. The UK is in a War that is without End, we cant win and we cant afford to lose in Afghanistan, also we have the prospect of another Great Depression, we need new ideas and polices for Afghanistan.