Obama to Move to the Middle – Class – State of the Union to Include “Tax Credits” – Congress to Work on Job Creation! Who’s Buying This?

Barak and Jimmy - image conservative report.wordpress

Obama’s State of the Union Address which will be telecast Wednesday night, January, 27th, will include a slew of “tax credits” aimed at the Middle Class. The President now believes that the “Middle Class” is under assault, however, his tax credits, will be offset by the Bush tax cuts due to expire this year. What is lost on those who blindly follow, yet refuse to read, is that the Bush Tax Cuts included the child tax credit, eliminated the marriage penalty and gave across the board relief in the form of a tax reduction. This will now be offset by the following proposals by the Obama administration: begin with new mandates on employers to “encourage” retirement plans – this will encourage “savings”. (This will result in additional paperwork, an expense that the actual private sector employers left, can hardly afford.).

Obama also plans to almost double the tax credit that families receive for the costs of child care. One has to ask what happens to the millions of families that cannot afford “child care” per se – those that use the “latch-key” method, let alone those who have older teens who are not about to go into a “child care” setting.
Here’s one for the ever growing budget: adding more to the federal fund that helps working parents pay for child care – most often those that need assistance to pay for child care under federal guidelines are not the middle class.

Adding to the federal deficit through Job Creation - although the President and his like-minded Congress and Senate agree that American’s need job creation, they apparently have no clue as to how to achieve job creation in the private sector. This is evidenced by a new proposal being pushed through Congressto the tune of $80 billion dollars in the form of a “Job Creation” package. Job creation defined by the administration is to save jobs in the public sector and then designate the balance of the monies (being printed out of the Congressional basement) to “shovel-ready” projects. (See all the infrastructure work and thousands of private sector constructions jobs created by Stimulus 1?). Perhaps it would do well for the administration to take a step back and review a bit of history.

Although not found in history books, per se (as they are mainly written by Progressives, a group with an agenda, less a clue), there are archives of newspaper clippings and articles and books written on subjects (Google Books and Amazon.com) such as: Jimmy Carter's failed Job Stimulus program. A program which worked so poorly that between unemployment and inflation (which resulted when the U.S. dollar was worth less than the Canadian Dollar and the Cost of Oil rose through the roof – one should refer to recent articles where: the Canadian Dollar is strong compared to the U.S. Dollar and the price per barrel of oil continues to rise)the mix of unemployment and inflation caused a “misery index”. That index name leaves no room for speculation.

Recently, Obama gave an interview to Diane Sawyer of ABC in which he noted he’d rather be a really good one-term President as opposed to a mediocre two-term president. One, our President is considered a progressive (political ideology that is based mainly on socialism) and b); there are concerns that that he does not have a clue. Obama was being somewhat predictive in his interview with Ms. Sawyer, yes; he will be a one-term President – more than likely. The question of a “really good” one-term president, now that’s a different story. Then again, Jimmy Carter believes he was a “really good” one-term president too, and there are textbooks that are there to back him up.

Senator Elect Scott Brown (the Pride of the Bay State), has a clue. In one of his initial campaign ads, a video of John F. Kennedy discussing tax cuts (not mentioned in text books), was morphed into Scott Brown talking about – tax cuts! It was not designed to compare Brown to Kennedy as so many who cannot read believed. Clearly stated in the ad was that there were difference between the men, but that one policy that worked, regardless of political party or ideology, was: Tax Cuts

Apparently Brown did his research, while, some holding higher offices have not. In order to give true relief to the American public, including those from the bottom to those on the top, we need less “stimulus” and much less “debt”, in order to function and bring jobs (private sector) back on track. Which, it is obvious from the preview of the President’s State of the Union, that’s not going to happen.

As the second year of the one-term Presidency of Obama begins, let us hope that someone, somewhere gives that man several teleprompters loaded with articles from the 1970’s that explain, in detail, where he may be going wrong. Perhaps he’ll get it in time to stop the bleeding of the Middle Class, those on fixed incomes, and those who are seeking employment in the private sector.

How bad is it?

Sam’s Club, (owned by Wal-Mart) is being forced to layoff 11,000 employees. This is not high end luxury retail we’re talking about, this is deep discount. Apparently, the fact that rising costs due to rising taxes on every business that has anything to do with production, from food to clothing, has been lost on the administration. Our nation is at the point where, should this pattern continue, no matter what spin the political powers that be put on the misery of the people, no matter how many times Bush and Cheney are mentioned by a Progressive Democrat who is hell-bent on not getting elected (See Martha Coakley), the fact remains – that the “Buck Stops Here”, and it has. Republican or Democrats in both houses need to jump on the Scott Brown train and take a look at what can help the People, party politics aside, or they will soon be joining the ranks of the ever increasing unemployed.