Obama’s newly submitted budget contains almost 1 trillion dollars in direct new taxes and an additional half a trillion more in “cap and trade” taxes on businesses which are directly aimed at reducing CO2 emissions from American businesses.
So, those of us who warned that an Obama Presidency would put crushing burdens on American business in the name of “Saving the Planet” were correct. Also those of us who said that Obama’s claim of a net tax decrease was a transparent campaign lie were correct. Of course I was one who said both of these things.
And don’t be fooled, this half a trillion dollars in cap-and-trade taxes is just the tip of the melting iceberg when it comes to burdens on American business in the name of planetary salvation. More is coming. Much more.
I hope you liked America, because in ten years you won’t recognize it.
8 users commented in " The trillion dollar solution "
Follow-up comment rss or Leave a TrackbackIt’s no solution. Or it’s a solution for a problem that doesn’t exist (in the case of AGW).
I’m incredulous on so many levels I don’t even know where to begin. To roll out ‘cap and trade’ measures in the midst of an economic ‘catastrophe’ is monumentally irresponsible and will lead to increased economic pain for all Americans.
But Obama and his goons don’t care (in spite of their rhetoric). Their strategy is to rapidly implement radical, systemic changes to U.S. social and economic institutions before the stupid masses can figure out what they are up to. I just hope any damage that is now being done can be reversed when the political pendulum swings back to the right and free markets (assuming that happens again in my lifetime).
I’m afraid I can hear the bell tolling for the American standard of living that’s been the envy of the world. Very sad…
Reducing the American standard of living that’s been the envy of the world is the explicit or implied goal of most hardcore leftists.
I keep wondering what their end game truly is.
The history is there for these Democrats to see that these type of moves don’t work. They never have. Be it in America or Russia or Europe.
The true indicator of how these things are being viewed is wall street. Notice that it keep going down? Some of the morons that voted for this man are already voicing their regrets over it, and we haven’t even passed the first quarter.
Think about that. This is the most spending and changing of just about everything, and it isn’t even 3 months into this Obamination of a presidency.
Noise is growing out there, yet it will be passed off as “necessary” change to remake this great country into some socialist state.
Dadman, I fear that we will never fully recover from these moves. I don’t think America will recover from the already passed and signed monopoly money bill let alone all the additional garbage they are shoving down our throats.
Wait till these pogroms and programs and taxes all start taking effect.
That’s why I visit this blog…it always gets my day off to an upbeat positive start!
Yeah guys…we are hip-deep in it. All I know to do right now is just hold on…and read the Bible a lot.
There is an alternative that we might be ultimately face. A total reboot if you will.
While it will be unpleasant, having everything pretty much shut down or fail will mean a chance to rebuild from the bottom.
It is the difficult times that bring people to knees, it causes reassessment of everything and that is what leads to growth.
An interesting aside, Atlas Shrugged sales are up quite a bit since Obama took office. Coincidence?
While things are not as bad as portrayed in the book, the real point is you can see the trend. Is it time to go John Galt?
Isn’t that a bit of what the Tea Party is about?
Goat:
Yes, I’ve noted the shrugging Atlas phenomenon myself. One thing that even many avid readers of Ayn Rand seem to miss in Atlas Shrugged is that the “strikers” were actively trying to destroy the economy of the world to expedite the “new world order.”
I’m not much for “new world order” movements wether they come from the right or left, especially when I percieve the movement as being indifferent to the human suffering involved.
While it was looking like a new world order, it was in reaction to over bearing political punishment of achievement.
When you look at at how politics tend to go, the “pendulum swing” effect, it rarely stops near the center and has the tendency to move toward extremes.
Ayn seemed to advocate isolationist tendencies such as the “utopia” that Galt had created.
Isn’t what Obama and the Democrats doing very much the same tactic, using the economic problem to push through all kinds of sweeping change under disguise of economic recovery?
It also has its basis in revolution. This country was formed on taking a extreme view on a series of taxes, many of which we would probably gladly take over what our own government is taking now.
My biggest beef with Ayn Rand is her vilification of all things religious. Charity being totally wrong.
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