Obama’s latest plan is to cut $3 trillion out of our deficit with a combination of cuts in spending and tax increases. He basically wants to raise taxes on “the wealthy” and “large corporations.” These are the people and businesses that he also expects to do the hiring, which is the only way unemployment will decline, and the only way the economy will ever recover. Most importantly, the Republicans will never, ever agree to these tax increases, so all he is doing is making a political speech aimed at setting his talking points for the coming election. It is a sad day with the President of the United States is solely focused on playing politics when the country is teetering on a double-dip recession and so many are out of work and suffering.
- Obama’s “Plan”; for getting us out of this economic slump is to tax the only people who can hire