Monday, June 7, 2010

Obama At War With American Business

Socialist President Obama is at war with American business. At every turn and with every crisis, Obama is always looking for a convenient villain in American business to enact his Socialist Schemes. Of course, the villain of the day is British Petroleum, related to the disastrous oil spill, because Obama is now pushing for his CAP & TAX scheme, which will dramatically raise energy prices on the 50% of people who pay all the taxes in the US. The other 50%, Obama's PEEP's, will receive tax credits, or subsidies, to spare them the "pain" and additional expense of higher utility and gas prices. Just wait and see. While BP should cover all the costs associated with this environmental disaster, which happened as a result of an accident, not willful negligence, they are not the villian in this matter. Let's not forget that BP employs thousands of employees in the Gulf and pays billions in taxes.

And, in order to enact financial regulation, the big banks that have all paid back their government bail out monies, as contrasted with GM, were Obama's villains that brought down the financial markets, when in fact, it was government controlled Fannie Mae and Freddie Mac, both exempted from financial regulation that were the culprits. So now as part of financial regulation, the banks will be required to pay billions in new taxes as a penalty to contribute to a bail out fund so that tax payers will "never again will be on the hook". Does any one really believe that this new tax will go into a "lock box" for future use in a financial crisis. This is just one more new tax that will be used to fund Obama's Socialist Schemes and new entitlements. And, of course, it is money that the banks will not have available to fund loans to the private sector.

And, then there were the hotels and casinos in Las Vegas. Obama told companies planning conventions in Las Vegas to stay away because Obama, who has never worked in business, determined that these were business boondoggles rather than legitimate annual business meetings. Obama went further by telling Americans to save for their kid's college educations rather than spending money in Vegas. The end result of Obama's war on Vegas and Nevada was hundreds of millions of dollars in lost business, the second highest unemployment rate in the US at more than 13% and the highest foreclosure rate in the country. Thanks alot Mr. President!

These are just a few examples of Obama's war on American business. We could add many other industries to the list along with small businesses that will be taxed out of business as a result of Obama's Socialist Schemes. Let's face it. Obama is a Socialist who supports intrusive big government, higher taxes and more regulation as the solution to every problem. Obama does not believe in the free market even though the private sector employs about 98% of the people in the US. Free market capitalism, with all its warts and boom and bust cycles, is the goose that laid the golden egg. The problem is that at every turn Obama is purposefully attempting to kill the goose. If Obama is allowed to succeed, American business will vote with its feet pushing even more jobs overseas.

Each new job created in government, that requires higher taxes, is a job lost in the private sector. But it is even worse because though higher paid government employees may be in the 50% that pay income taxes, government pays no corporate income taxes, which ultimately deprives both state and the federal government of tax revenues needed to fund Socialist Schemes and pay down the debt. This vicious cycle is evident in bankrupt Socialist European countries and blue states like California, New York and New Jersey that have been run by Socialists for years and are all bankrupt today.

Obama's war on American business will lead to economic disaster. If anything American business should be given more incentives to create jobs, or just left alone unencumbered by higher taxes and more regulations that are all job killers. The free market works provided government gets out of the way. Clearly, we need to get Obama out of the way by making him a one term President and sweeping the Socialists that control Congress out of power.

We must elect Conservatives in 2010 and 2012 who support free market capitalism, limited government, lower taxes and less regulation, a balanced budget, term limits, a strong national defense including securing our borders and fighting Terrorism, real energy independence and health care reform, the right to bear arms, the sanctity of life and family values. Most important, we must elect Conservatives who support the Constitution, as written by our Founding Fathers, not as contrived by our current Socialist President, former Presidents, Congresses, or the Courts. This is the winning platform in 2010 and 2012. We can do it. We must take back our country for the sake of our children and grandchildren.

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