Friday, June 11, 2010

Brit's are Scared of Obama Now

Not only are we scared of Obama but now the Brit's are shaking in their boots. B.P. is a major player in their economics and they are scared to death of what Obama is going to do. This could possibly make or break them and cost thousands of jobs for Britain. His fear is now starting world wide. The Jews are scared because he does not seem to interested in helping Israel and backed the U.N. in a recent resolution.They don't expect much help from Obama if something happens. He clearly is leaning towards the Palestinians. Now will he start harming the world market as clearly as he is harming us? The new "jobs" bill will increase spending by $126 Billion over the next ten years and will add $79 Billion to the federal deficit. How many "jobs" will the "jobs" bill actually help the economy? Only 6% of Americans think the stimulus package actually stimulated anything. Aren't we supposed to hire people because our business is doing better and then there are taxes coming in from those jobs? I don't have a degree in economics but how do you spend tax money to create jobs? Would not it help to cut capital gains tax and payroll taxes so small businesses would have more capital to increase their businesses. Is not this what Reagan did to help the economy?  In the State of the Union Speech he said and "maybe" we could cut capital gain taxes. I'm still waiting. He said yesterday "possibly" cut capital gain taxes. I'm still waiting.
Not only that but now in June he says to use pay as you go plan that they used in the 90's. The principle, Congress can only spend a dollar if it saves a dollar somewhere else.The rule did work and brought us from a deficit to a surplus.
But then in the "jobs" bill there are loopholes in the pay as you go rule so they can evade certain requirements. Now today he hits us with $125,000,000 million to go around and explain the health care plan. Again. Evidently we just don't quite get it. So we have to be re-educated. Again. It must be a pain to work with those slow Americans.
So Brit's join the Obama club. You can join and suffer with us. By the time he is through with us there will not be a market in the world he has not affected.  Marna

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