Sorry ... but I'm really getting sick of this nonsense and the narcissistic boob that's spouting this crap from the Rose Garden. That's right .. notify the Soros myrmidons at Media Matters. I just referred to Obama the Obtuse as a "narcissistic boob." I've had it. I'm fed up. I still have enormous respect for the office of the presidency .. but absolutely none - not one stitch - for the self-involved incompetent and corrupt person who holds that office now ... courtesy of millions of voters who glom on to mindless slogans and a Republican Party that complete squandered a mandate.
Actually ... that "Obama the Obtuse" line, though it sounds clever, isn't quite right. Obama isn't obtuse .. at least now as I understand the word. "Obtuse" means "difficult to understand;" and there is nothing difficult to understand about Obama. He said five days before his coronation that he was going to "fundamentally transform the United States of America," and he meant it. He had every intention of transforming the United States from a nation where people seek self reliance to a nation where the masses seek government-provided security; From a nation with a dynamic free market economy to a clone of the European-Socialist welfare state; from a nation where the majority worship God to a nation where the people worship, as Obama does, the God of Government.
Oh yeah .. Obama is going to launch his "full-scale attack" to get the economy back on its feet. Don't the dumb masses understand that Obama launched his attack 19 months ago?
Obama says that his administration is "hard at work" looking for new ways to promote economic growth. Sure he is. Any work he's doing to find a way to promote economic growth pales to the effort he puts in every day of his life to promote government growth.
Perhaps you've heard the sound bites from yesterday. Obama has this grand new bill he wants the Republicans to support that is supposed to really get things hopping again. What does the bill entail? More government spending, that's what! Basically it's a small business lending bill ... government backed and subsidized lending. He says the GOP has been blockading the bill. Did he happen to mention that the Senate Democrats absolutely refuse to allow the Republicans to propose any amendments to the bill? Look! The Democrats have a majority in the Senate! Let the Republicans propose their amendments, then vote them down! There's your blockade ... but somehow that's just fine with Obama. He preached all this bi-partisanship stuff when he was running for president ... but never meant a word of it.
Lending to small businesses? Is Obama trying to tell us that there's no available money to loan to small businesses right now? Let him explain why small banks are sitting on one trillion dollars in excess reserves right now .. but somehow don't want to put that money into the lending marketplace? Wait --- I'll tell you. He doesn't know. You could take what Obama knows about small business and the mindset of the people who own them and shove up an ant's ass and it would rattle around like a marble in the Super Dome.
These small banks aren't lending right now because they have no confidence that the small businesses they might loan their excess reserves to will be able to pay the back. Simple as that. These business owners are under assault. There's ObamaCare, the financial reform act, tax increases, card check and the empowerment of unions, Cap and Trade ... as my father (a red-ass Marine if there ever was one) would say, these small businesses don't know whether to $h1t or go blind right now ... they are no more in a mood to borrow for expansion than the banks are to loan them money.
Do you know what small business owners - the principal job creators in our economy - talk about over their morning coffee? They're laughing their butts off at Obama's promise to eliminate their capital gains taxes. Hell ... most of them; the vast majority of them don't PAY capital gains taxes! What does it matter to them if capital gains taxes are eliminated? This is like telling hookers you're going to eliminate their unemployment insurance taxes. Oh yeah ... that ought to bring down the price of a little tang in a big way.
Now I may concede the point to you that Obama really does want to do what he can to get the economy moving right now .. but that's only because there's an election on the horizon and he's afraid of losing his support structure on Capitol Hill. There's two problems though:
(a) President ME has no clue HOW to get the economy moving again. He has no understanding of the workings of a small business. None. Same goes for his team of advisors. Obama's Cabinet has the lowest degree of private sector involvement in the past 100 years.Don't you get it folks? The reason we're in this mess is that Mr. Hopey Changey has ALREADY launched his full-scale attack. It's an attack on producers; an attack on achievers; an attack on economic liberty and an attack on the rule of law and our very Constitution. His attack on the private sector has managed to keep businesses, lenders and investors in a state of uncertainty. Consumers don't want to spend. They know his promise not to raise their taxes was another ObamaLie ... and they just don't know how much of their work product they'll even be able to keep after the end of the year. These people are scared to death! They saw Obama ram through a health care bill that clearly the public did not want ... a health care bill that adds to our health care and increases our deficit. Is this supposed to put them in a spending mood? Business leaders have no idea how much of their earnings are going to be seized in the form of taxes or ObamaCare penalties in the coming years. This is supposed to put them in a hiring mood?
(b) Even if President Wonderful DID know what to do, he would probably balk because his anti-capitalist agenda is more important than poor saps who probably didn't vote for him anyway finding a job.
Right now we have dozens of federal agencies that are working on more than 120 new rule-makings under ObamaCare and the wonderful financial overhaul bill. Businessmen have no idea what those new rules and regulations will entail. They've found out about the 1099 reporting debacle under ObamaCare. What's next? The rules aren't even written yet, and when they are written they will be crafted - if that's the word - by bureaucrats who have never hired a worker, met a payroll or developed a business plan in their entire lives ... and these businesses are supposed to answer Obama's battle cry for hiring and economic growth?
What will the tax rate on small businessmen be next year? The great government-educated dumb masses may not understand this, but businessmen certainly do ... that their business income is going to be reported on their personal income tax return next year .. and that if that business income exceeds $200,000 they're going to be hit with new taxes. How much? Nearly 5 percent? That's right folks ... according to numbers from our own wonderful Imperial Federal Government, over 50% of the income that will be hit with Obama's tax increase on the evil, filthy rich will be BUSINESS income. That's not even mentioning increases in dividend and interest taxes. Let's hold a job fair!
I never imagined it could be this bad. I knew Obama was a radical. I saw the American votes falling for his wonderfully-crafted speeches and mindless slogans. I actually felt the Republicans deserved some comeuppance for their performance after the 1994 revolution and for putting John McCain instead of someone like Mitt Romney at the head of the ticket ... but Lord help us, I never suspected this guy could be quite THIS bad.
Costa Rica anyone? Panama? New Zealand? Does it come to the point that we leave this idiot to the voters who put him in power? I guess we'll know a lot more on November 3rd.
.................Neal Boortz
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