BBC News: Reports that President Obama is to propose raising the taxes on richer Americans. Folks this is class warfare rhetoric, POTUS is afraid of losing his base of support, thus this tax hike idea, its not going anywhere, it would never pass the Democratic controlled Senate, it will never pass the Republican House. Thus it can be argued that President Obama is in full time re-election mode, if it was right on policy or politics then this blog would not have a problem, but its WRONG, it’s the rich that spend, if you tax them they wont spend, thus a deeper recession, on the politics go ask former Vice - President Walter Mondale if US voters will love you if you say tax hikes, the answer is NO. It called losing 49 States to the Republicans. Thus folks discard Obama henceforth, its just liberal political rubbish, from a President that could have been great but will be another Hoover, Carter and finally Bush 41, a one term President.
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