All Obama is doing is bleeding our country dry to distribute money to Obama cronies and supporters. And our poor will remain poor, no matter how much he taxes us.
Obama’s spending is completely out of control. He spends $6.4 Trillion, 41% of GDP, even though he collects only $5 Trillion a year. Obama no longer has to spend on Afghanistan, $809 Billion total; Iraq, $589 Billion total; or his “Stimulus,” $862 Billion total.
Obama wants to do another $50 Billion “Stimulus” and his Fed wants to do another “quantitative easing” to give more money to union leaders and foreign banks. Why do we have to spend more money when he claims his first “Stimulus” was successful?
In fact, his “Stimulus” was a complete failure. He cooks the books, by not counting people who have given up trying to find jobs, to show unemployment is down; when it isn’t. Our economy is crawling along at an almost recessionary pace. Why did his “stimulus” fail?
80% of Stimulus Green Energy grants went to Democrat Donors. Obama gave a “Fair Share” to Millionaires and Billionaires: Tax holidays; outright federal grants; waivers from EPA regulations; 21 million acres of federal land; $529M to Al Gore for Fiskar; $1.4B to Robert Kennedy for Bright Source; $2.14B total to Google guys for Bright Source, Solar City, Tesla Motors; $535M for George Kaiser and Solyndra; $400M for Pat Stryker and Abound Solar; $433M for Ron Perelman and Siga Technologies; $1.2B for Sun Power; $4.7B to Ted Turner for First Solar.
More of the Stimulus was wasted on GM & Chrysler. The GM bailout was a total failure. Obama closed hundreds of dealerships and put thousands out of work. After their bankruptcy, Obama favored UAW and gave it ownership of GM & Chrysler and made the Union pension plans whole. Obama cancelled $54 Billion in GM debts. GM wont pay taxes on the first $45 Billion profit! But GM still owes taxpayers $42 Billion!
Worse still, GM just agreed to build a third $1 Billion factory in Chongqing; increase dealerships to 3,500 by adding 600 more dealerships; and plans to build 2 million vehicles a year in China by 2015. Why did we ever bother to help GM when it is shipping jobs to China?
Favored Obama entities hide behind their non-profit status and don’t pay their “fair share” or any taxes. Union leaders – $16 Billion from union member dues; Big Bird – $289 million assets, $46 million non-profit arm; PBS – $571 million revenues, including 97.8 million federal funds in 2010; Planned Parenthood, >$500 million federal funds; AP News Service – $676 Million in 2009. How much taxes does Hollywood pay?
Obama says we should have the tax rates of the Clinton/Gingrich era. But doesn’t want to have the spending of that era, which was only 39% of GDP.
Tweet your congressman, Speaker Boehner, Senator McConell and Paul Ryan. Tell them you support their attempts to prevent tax hikes and to stop spending. They are under huge pressure from Obama and his media. They really need your support.
December 1, 2012