President Obama today held a campaign rally at a high school in Virginia. In an effort to channel his inner Elizabeth Warren, he decided to lecture the dependent class on how everyone is dependent, so don't feel bad.
If you’ve got a business -- you didn’t build that. Somebody else made that happen.
The mind reels. Yes, he actually said that. Private business and the free market really are as foreign to Obama as space aliens. In Obamaworld, your money isn't your own, so they talk about how much tax cuts "cost" the government. In Obamaworld (and Washington, D.C. as a whole), your business is only allowed to continue as a going concern if you don't offend the enlightened elites (coal-fired power plants, health insurance companies). Businesses can't succeed unless government is helping (Solyndra, Beacon Power, etc.)--and even with government assistance they can't seem to repeal the law of supply and demand.
Obama is the worst of both worlds -- a socialist and a crony capitalist.
Obama's mindless populism appeals to far too many. A herd of sheeple consisting largely of those dependent on the government applaud this idiocy and tell themselves that those hard working businesspeople are making too much money, aren't spending it the "right" way and dammit, government has to do something to make it stop.
It's become a cliche that no one ever got hired by a poor person, but it's true. With a dearth of jobs and opportunities out there, Obama's response is not to try enable the entrepreneurial class. Instead, he announced last week a plan to raise taxes on the very people who still have money that can be put to use creating jobs.
At the same time he announced his desire to extend the Bush tax cuts for those making less than $250,000 annually for another year.
Just out of curiosity, why wouldn't Obama promise to make those tax cuts permanent? Could Democrat Rep. Steny Hoyer have let the cat out of the bag when he said that he'd be open to raising taxes on those making less than $250,000 after the election?
That's a trick question. The answer as anyone who's been paying attention is "yes." It is impossible to sustain spending at current levels without raising taxes on the middle class. There just aren't enough "rich" and they don't have enough money to make up the gap between current spending levels and current tax revenue.
The American people can't afford another 4 years of hope and change and the holiday from reality that comes with it.