After nearly two years of Obama’s ridicules, and lack of responsible spending spree, over 43 million Americans, (one in seven people) , are now living in poverty, which is a 51-year high, and up nearly 4 million. And guess what, increased poverty means increased welfare or warfare, and that leads to increased taxes. Was this the October surprise? The Census Bureau reported that the percentage of Americans below the poverty line was the highest it has been in 15 years. Encouraged? I don’t blame you, neither am I.
And next year these figures are expected to show even higher numbers of people in living poverty than ever previously known. But how can think be happening? This is only supposed to happen when we have a Republican President.
Is this the Hope and the Change you were expecting? Or are we just going to throw up our hands and “Blame Bush” for this as well! That is exactly what the Obama apologists are saying. As usual. Stop me if you've heard that before!
And let me tell you another thing. If you think that the housing market is in bad shape now, prepare yourself for what’s coming down the line in 2011. The Banks have a huge inventory of homes that are about to go into foreclosure but are holding them back only because they are flooding the market and because the Banks were so overloaded with none payers they were foreclosing without even looking at the records.
And just wait til it’s tax time and the Bush tax cuts go bye, bye.
I just did a bit of research and guess what? The Bush Tax cuts completely ELIMINATED Federal Taxes for a family of 4 making $50,000 when they expire at the end of this year, that same family will be paying $3250 in Federal taxes. How’s that for helping the lower and middle class?
And just in case you missed it, the Capital-Gains tax rates are scheduled to go up almost 60 percent and that the tax rate on dividends is scheduled to nearly triple. So that means the few buck you and I may have gained back form the BIG hit we all had on our investments and our IRA’s will be taxes at a much higher rate. That will really help the economy. Recovery? What recovery? The destruction of our economy as planned, is right on track. We're being lied to everyday, and the blind refuse to see.
But have no fears my friends Our Dear Leader has told us that the worst economic downturn since the Great Depression is OVER!
So Mr. and Mrs. Obama can go on and take another vacation in another European country in another 5 Star hotel. While "Joe and Jane" are still unemployed .
10+% Unemployment, record and skyrocketing foreclosures every day, deficits so high that our grandchildren will never see paid, almost no support for Obamacare from the public, Stimulus packages that come one after another, to bail out the inevitable, that may help in the short term, but will ruin us in the longer term ...do I really need to go on, or do you get my point?
History tells us that the masses will put up with so much crap for so long. There will come a boiling point when rioting turns into full blown rebellion, and revolution. You may feel that this is preposterous right now. But think about it, you are already beginning to see a number of states starting to attempt to push through legislation to claim their own, because we are really hurting . Hurting from illegal immigration, and from this out of sight taxation, as well as many other problems this administration has brought upon us. .
The only silver lining I can see is payback time on November 2nd. Maybe it’s wishful thinking on my part but that’s about the only hope I can see .