Bad Economy And All Democrats Know Is Raise Taxes

For 19 months we have seen the dismal failure of the socialist policies of Barack Hussein Obama and the Democrats.  The stimulus bill stimulated nothing but the deficit.  The second stimulus did even less.  The cash for clunkers, the home weatherization, and  making home affordable programs were all dismal failures.  All any of these accomplished was increasing the deficit.

Now Obama and the Democrats plan to let Bush’s tax cuts for working America expire.  As with Obamacare they are also thinking of new ways to tax working Americans as their deficit keeps growing.  Unemployment is high and will probably get worse.  People are losing their homes and home sales keep declining.

All the socialists hate Bush, but he inherited a recession when he took office.  Most have forgotten it because Bush understood business and economies something Obama and none of minions have a clue about.  The 2001 Economic Growth and Recovery Tax Act was George Bush's version of Barack Obama's stimulus plan. However, instead of creating a bunch of temporary government jobs and subsidizing the expansion of government, it cut tax rates, increased the child tax credit, increased the standard deduction for married couples, and increasing contribution caps for a variety of savings programs.

Bush’s results were far different than Obama’s.  Even with the attack on America forever to be remembered simply as 9/11 the recession Bush inherited was over in November of 2001.  In ten months Bush stopped a recession.  In 19 months Obama has made the recession worse.

Obama and the Democrats have literally started a war on people with high paying jobs.  They try to blame all their woes on Bush, his tax cuts and the wealthy.  Here is a fact they don’t want you to know.

Bush's "tax cuts for the rich" the rich paid more in taxes in 2005 than any time in the prior 20 years. In fact, as the Wall Street Journal noted, thanks to George W. Bush's tax cuts for the rich, the richest one percent went from paying 25% of all income taxes in 1990 to 39% in 2005. The richest 5% went from paying 44% of all income taxes in 1990 to paying 60% of all income taxes in 2005.

Last and very important is a very large percent of the over $200,000 taxpayers that Obama and the Democrats hate just happen to be small business owners.  This is the same small business owners that most Americans work for.  Increase their taxes and the economy, employment, and tax receipts will shrink and get worse. 

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