Obama lied and tricked us into voting for him. He forced insurers to hide increases of our medical premiums; defense contractors to hide impending layoffs because of Defense cuts; and employers to hide impending layoffs because of Obamacare and its mandates. Wall Street layoffs because of Dodd-Frank and coal industry layoffs because of EPA regulations were also downplayed. We now have massive layoffs.
One hilarious response by Obama supporters is that they will boycott restaurant chains that are laying off workers; thus guaranteeing more layoffs!!
Socialism has never worked because Socialist leaders kill the private sector, tax and collect all the money and become more and more corrupt. We are becoming just like Argentina and Greece. On Thursday, November 8th nearly half a million protesters marched against Argentina’s President Christina Kirchner’s corruption, media control and rumored attempt to govern for a 3rd term. After 12 years of Socialism, redistribution has not worked. Argentina’s economy is stagnant. Inflation is over 25%. The middle class has descended into poverty. (Sound familiar?)
Greeks are already rioting. Taxes are so high, including a 23% tax on restaurant receipts; that 24% of Greece’s GDP is not disclosed by Greeks. Instead of reducing taxes, or hunting down the rich who avoid taxes; Greece is now hunting down the little people who are hiding income and making ends meet by bartering: “I’ll cut your hair in exchange for you baby sitting for me;” or “I’ll fix your car in exchange for you doing handyman work for me.” Greece has now decreed that if a restaurant or any business doesn’t give a receipt (so Greece can tax it) then the customer can walk away without paying and s/he will not be prosecuted!! Imagine the chaos this will generate!!
Obama throws million dollar dinners, bought a $40 million dollar home, takes luxurious vacations and is planning multimillion-dollar inauguration events with movie stars. This seems completely heartless when Americans, especially black people, are suffering more under Obama than ever before. There is a 71% increase in food stamps since Obama came into office. Actual unemployment is 18.8%. Among black youths, it is over 22%.
Obama takes in $5 Trillion, or $5 Thousand Billion; spends $6.2 Trillion a year; and still says it is not enough. Private businesses cannot print money. So, when Obama raises taxes, private businesses must go bankrupt, retrench or shift workers to part time. There will be no jobs left for you; and no income to the government.
But Obama can and does print money. The inflation that results causes increases in the price of everything you buy. As manufacturers pay more taxes, they are also forced to raise prices. Have you considered that even when you are on welfare, as prices go up, you pay more in taxes for gas, clothing, electricity and even for fast food?*
All this is leading our country into a downward death spiral. The next stop: Hugo Chavez’s Venezuela or the Castro brothers’ Cuba!
* Check how many of these taxes you pay:
November 12, 2012