Mob Obama
Posted by admin on January 14th, 2010 filed in UncategorizedBe really careful with what you ask for! You want the large banks to pay for there activities that caused the current recession. OK just make sure that you do not end up paying more right along with them. The facts are that the Federal Government took the risk with these firms to keep our economy from going into a depression. The Companies that took TARP money have borrowed it. There is $10 of Billons that were forgiven by the courts through bankruptcy and takeovers. Chrysler, GM, Fannie and Freddy have been forgiven many of there depts., some of it TARP money. Those that paid off TARP paid interest and principle plus the warrants demanded by the government to the tune of $54 billion interest and warrants to date. Now because the banks made great profits, the Godfather wants a bigger cut. This is exactly the same as you borrowing money from a bank to buy a car and when you pay off the loan the banker wants more money because your current income is more then he expected. Only the Mob does business like this.
Now Obama is coming after the common people. First it became obvious that the supposed tax cuts last year was just a reduction of the amount deducted from our paychecks. When filing your 1040, you will find out that the same amount of tax will be due the Federal Government as in 2008 and now in 2010. Second the healthcare bill is being negotiated to exempt unions but everyone else gets to pay 40% on there “Cadillac” plan. Remember Obama saying that no one will have there taxes go up if you make less then $250,000? My wife and I make a nice income for Montana but no where near half of the $250,000 minimum. So it is great that Godfather Obama may force the two of us to pay up to $11,000 total $5,500 each in tax on our health plans. I am retired management so I can not join a union and my wife is a non-union State worker. Right now my plan pays for my MS medications but many of the normal plans do not. I guess we will see if the Death Panel will allow me to continue treatments (Yes they are Death Panels). How does this equate to equal treatment under the law? It will be a terrible day for all of us if this bill becomes law.
Finally there are the Bush tax cuts that expire this year. Based on Obama’s actions so far he will let all of the law expire that gave a tax break to all over $28,000. Less then that was not paying taxes at that time. So guess what, between the “Cadillac” plan and tax cut expiring I will see my Federal Taxes go up more then 5 times. I am not unique is this, so all of you out there that think this will not happen better brace themselves. Obama thinks he can do anything he wants. November will not come fast enough.
February 21st, 2010 at 7:43 am
Are you a professional journalist? You write very well.