One step forward two steps back goes the economy. We need jobs desperately to supply the housing market with buyers. The 75,000 net monthly jobs in the second quarter is pathetic and comes up short of even meeting population growth.
However there was good news on July 25th when Democrats heard the call; we must do something to help the private sector create jobs.
So every single Democratic senator, excluding the retiring Lieberman, and Webb, voted to raise taxes on small businesses, all but guaranteeing to slow the economy further. It passed Harry Reid’s senate 51-48.
Please don’t fall for the Democrat’s outright deception that this won’t impact 97% of small businesses. Although technically correct when you exclude the millions of Mom and Pop shops, the three percent that would be impacted represent tens of thousands with millions of employees. Somebody’s not going to be hiring when their tax bill goes up.
Why was this good news? Just as with Obama’s Freudian moment when he told the truth about how he feels about business, ‘you didn’t make that happen’, ‘you didn’t build that’; every Democratic senator just showed people they side with Obama’s top down authoritarian government philosophy. Jobs be damned, small businesses be damned, we place party over small businesses.
All in the name of taxing the rich which will help how? It will be as negligible as a five hundred pound man losing an ounce. If you are foolish enough to believe this new found revenue would go to pay down the debt.
Now we can have our moment of truth in America. Obama proves he doesn’t care for capitalism in Osawatomie when denying America’s history when he said ‘free market economies don’t work and never have.’
Guess it was government all along who invented, invested, risked, created the highest standard of living in world history? A totally preposterous claim, and asinine expectation that people would believe such notions. After all there are roads and bridges in Mexico. Wonder why so many want to flee such government largesse?
Obama proves in his latest non-teleprompter moment of truth he doesn’t believe in the individual, or God given unalienable rights with his collectivist speech.
Obama: “If you were successful, somebody along the line gave you some help. There was a great teacher somewhere in your life. Somebody helped to create this unbelievable American system that we have that allowed you to thrive. Somebody invested in roads and bridges. If you’ve got a business–you didn’t build that. Somebody else made that happen. The internet didn’t get invented on its own. Government research created the internet so that all the companies could make money off the internet.