Posted by
MAXINE on Monday, March 02, 2009 5:07:50 PM
Rush Limbaugh speaks at the Conservative Political Action Conference - Image Credit: MSNBC screen shot
Let’s Talk About Failure – Honestly
Over
the weekend, there was a lot of talk about Rush Limbaugh and his stated
desire for President Barack Obama to fail. Rahm Emmanual, Chuck Todd,
even some recognized figures in the GOP hopped on the bandwagon, tying
to make the comment out to be more than the comment really was … a
defense of the constitution, free enterprise, and the personal freedom
pursuit way of life that America is known for.
To be honest, the
current leadership has a few wishes of failure of their own which they
pursue but are not up front enough to state as clearly as Rush Limbaugh
has in his proclamation.
The Democrat Political Party voted
unanimously to saddle the American population to $787 Billion dollars
in mostly pure government spending without reading the 1,100 page (up
from 700) appropriations bill they passed (this should be
unconstitutional). The final version of the bill was released at 11:00
pm ET and by 3:00 pm the very next day the Senate and House of
Representatives approved the spending with only three Republican
Senators joining 100% of the Congressional Democrats. The Democrats
want our economy to fail. The only way to pay for this type of spending
is to have the government print more money without any consideration
for wealth creation. Democrats are not interested in wealth creation so
as a defacto position … they want wealth creation to fail
The
Democrat Political Party would want any balanced budget to fail, for
with a balanced budget they would not be able to make the Government
bigger and thereby, more intrusive into everyone’s life.
Last
week, President Barack Obama submitted his budget plan for the next
year’s budget and if all of the provisions in the budget were to pass,
he would want charitable giving to fail, he would want to have the
growth in the value of houses and the housing industry to fail, and he
would want his plan to increase taxes on ONLY those who earn $250,000
dollars to fail because of the following:
1)
Obama proposes to eliminate tax credits on money that is given by all
individuals to charitable causes and churches. Effectively, this is
also an increase in taxes to people who earn less than $250,000 dollars
(I supposed he lied).
2) He proposes to eliminate or reduce the
tax credit for interest paid on any home mortgage … in other words, one
has to pay tax on interest paid on the home mortgage loan. This will
have the effect of making the house worth less the moment it passes
because the house costs more to own … it will basically make a four
bedroom house become the value of a three bedroom house. This provision
is also an increase in taxes to people who earn less than $250,000
dollars (I supposed he lied, again).
3) Lastly, Barack Obama
placed a provision of raising fees and taxes on all energy producing
commodities by $634 Billion dollars. So, if someone purchases gas for
their car, lights their home with electricity, cooks their food with
natural gas, heats their home with heating oil they will pay more for
it because the Federal Government through the leadership provided by
the Democrat Political Party headed by Barack Obama, Nancy Pelosi, and
Harry Reid will increase the cost of these goods. Effectively, this is
also an increase in taxes to people who earn less than $250,000
dollars. I suppose that Barack Obama just wants our way of life to fail.
Let’s
be clear, Democrats that are in office and those who vote for them want
to have our stock markets (the DOW is down to 6,813.63 / -249.30 /
-3.53% / today at 10:00 am PT alone, and devalued over 50% since Obama
was elected), Capitalism, small business, free enterprise, and personal
freedom to FAIL!
Barack Obama has passed and proposed more
Federal Government spending and socialism in six weeks than has ever
been put in place in the 233 years that our country has been in
existence.
The
Obama Salute - A Social Engineering Orgy ... And We ALL Lose Our
Freedom Of Choice! The Government owns what once was a limitless future
and has capped opportunity to those who would have benefited from it
the most. Image Credit: Bucksright.com
This excerpted and edited from the International Hearld Tribune -
Obama's budget plan sweeps away Reagan ideas
By David Leonhardt - Published: February 27, 2009
The
budget that President Barack Obama proposed is nothing less than an
attempt to end a three-decade era of economic policy dominated by the
ideas of Ronald Reagan and his supporters.
The
Obama budget - a bold, even radical departure from recent history,
wrapped in bureaucratic formality and statistical tables - would
sharply raise taxes on the rich, beyond where Bill Clinton had raised them.
----
After
Obama spent much of his first five weeks in office responding to the
financial crisis, his budget effectively tried to reclaim momentum for
the priorities on which he had campaigned.
His
efforts would add to a budget deficit already swollen by Bush's
policies and the recession, creating the largest deficit, relative to
the size of the economy, since World War II. Erasing that deficit will
require some tough choices - about further spending cuts and tax
increases - that Obama avoided this past week.
But he nonetheless made choices.
He
sought to eliminate some corporate subsidies, for health insurers,
banks and agricultural companies, that economists have long criticized.
He proposed putting a price on carbon, to slow global warming, and then
refunding most of the revenue from that program through broad-based tax
cuts. He called for roughly $100 billion a year in tax increases on the
wealthy - mostly delayed until 2011, when the recession will presumably
have ended.
----
"The
tax code will become more progressive, with relatively higher rates on
the rich and relatively lower rates on the middle class and poor," said
Roberton Williams, a senior fellow at the Tax Policy Center in
Washington.
----
The
details remain vague, but the budget begins paying for investments that
would eventually allow Medicare officials to refuse to pay for medical
treatment that does not show evidence of improving health. If
successful, that change would vastly reduce the government's long-term
budget deficit. It is also likely to bring down private health costs,
because insurers typically follow Medicare's lead.
----
There
are still many outstanding questions about Obama's efforts, starting
with whether Congress will pass a budget that looks anything like his.
His proposals on health care
are likely to meet stiff opposition from some doctors and insurers.
Spending more money on financial aid - absent other changes to the
education system - may not lift the graduation rate very much. And if
the economy remains weak into next year, as many forecasters expect,
congressional Republicans will try to blame the affluent for the
looming tax increases.
Whatever
happens, though, it has been a long time since any president has tried
to use his budget to shape the government and the economy quite as much
as Obama did on Thursday. On that score, he and Reagan have something
in common.
Reference Here>>
If
Barack Obama and the Democrat Political Party doesn’t want our existing
economy and social structure of life, liberty, and the pursuit of
happiness to FAIL in the name of gaining even more oppressive power
over our lives, they have a very funny way of showing it through their
leadership.
We, at Carter's Second Term, want these folks, and their agenda to
FAIL so that the markets turnaround and grow, so that people have
confidence in our economic structure again, so that small businesses
can hire people because the owners who file personal income taxes of
over $250,000 dollars will not be taxed into oblivion, and so that we
all can make decisions about where we want to give our charitable
contributions without being penalized for our giving.
This is a time in our country that is far worse than the trouble created by our 39th President, Jimmy Carter.