Thursday, February 26, 2009
It’s Official
A while ago I said that I would give President Obama a chance before passing judgement.
Well, it’s official now. President Obama is now the “Don’t blame me, I voted for the other guy” President.
He’s barely passed the four week mark and already he’s proof positive that a Harvard education does not negate the fact that blithering idiots can get a good education and still remain a blithering idiot. Everytime the guy opens his mouth you can count on the market taking a dive the next day. He is either incapable or unwilling to grasp basic fundamentals of economics. I mean, check this out.
The $318 billion President Obama wants to raise over the next ten years for his $634 billion Health Care Reserve Fund—from reducing the itemized deduction rate for families with incomes over $250,000, limiting it to 28 percent—that he wants to raise in FY2010.
- jpt
Update
The White House changed its information late Wednesday and now says that the tax hike will take place in fy2011.
Along with demonstrating the now commonplace occurrence of one hand not having a clue as to what the other is doing, this is a sure way to spark that ‘ol economy.
Not.
Also, President Obama is now, surprise, surprise, going after guns.
The Obama administration will seek to reinstate the assault weapons ban that expired in 2004 during the Bush administration, Attorney General Eric Holder said today.
Again, a misunderstanding of basic reality; the original assault weapons ban had no effect on crime levels. But common sense doesn’t seem to be high on the list of priorities in Obamaland.
If I remember correctly, President Obama ran on a platform of “change” and doing things different.
Let’s see, a Democrat spending like a psychotic sailor (even more the G.W.), raising taxes, pushing huge social spending even though history shows the folly, and going after guns. Wow, would’ve thought? There’s your change.
Not.
The only “hope” we have at this point is that he will be a one term debacle.
