The Obama stock market. Is the Left rejoicing in this loss of wealth?
Obama's war on the middle class
Not gonna work on Maggie's Farm no more. Staying under O's tax limit. Dr. Helen has more. Our Barrister already promised his wife that he would.
Today's economy is a response to Obama policies
4.9 billion for ACORN?
Family farms are the big losers in Obama's budget
Riehl explains why he thinks TigerHawk's video (posted here earlier today) is off base. He says O doesn't give a damn about TigerHawk. O is an orator, but you have to watch what he does, not what he says. He will say almost anything, being a politician.
Obama lied; the economy died
The filibuster, then and now. Powerline
O's plans for medical care rationing. NY Post
From Dick Morris' Obama's War on Prosperity:
President Lyndon Johnson’s administration was known for his War on Poverty. President Obama’s will become notable for his War on Prosperity.
We’re speaking, of course, of Obama’s plans to hike income taxes on the most wealthy 2 or 3 percent of the nation. He’s not just raising the top rate to 39.6 percent; he’s also disallowing about one-third of top earner’s deductions, whether for state and local taxes, charitable contributions or mortgage interest. This is an effective hike in their taxes by an average of about 20 percent.
And soon the next shoe will drop - he’ll announce that he’s keeping yet another of his campaign promises: to apply the full payroll tax to all income over $250,000 a year. (Right now, the 15.3 percent Social Security tax only applies to the first $106,800 of income - you neither pay the tax on income above that, nor accumulate added benefit.) For many taxpayers in this bracket, this hike will raise their total taxes by about half.
Finally, he’s declaring war on investors by raising the capital-gains-tax rate to 20 percent.
These increases are politically insignificant: The top 2 percent of the nation casts only about 4 percent of the votes, barely enough to attract the notice of even the most meticulous pollsters.
But they have enormous economic significance. Those who earn more than $200,000 pay almost 60 percent of America’s income taxes and account for a third of its total disposable income. If these spenders and investors are hunkering down, waiting for the revenuers to beat down their doors, their confidence will be anything but robust. Their spending will drop; they’ll be unlikely to invest (except in new tax shelters).
Photo: Eyeball Soup. I will spare you the recipe for that bummer of a dinner.
