Associate editor “Wild Bill” sends this link to a Peggy Noonan article, and if you can believe it, a recommendation. Worth the read also for her description of why Obamas tax increases on the middle class will hurt the economy.
An actual good substantive piece written by turncoat Reagan fangirl Peggy Noonan. She talks about how every time Obama has to negotiate on something he holds the country hostage, and makes it as long and dramatic as possible. She doesn’t even mention though, that as we are heading towards the fiscal cliff in 30 days, that Obama is taking a $4 Million vacation to Hawaii for 3 weeks this month. WB
The same economic chain of events described by Noonan that will occur with the middle class on a mass scale, applies to the rich as well. Wealthy individuals, the investors and business owners, faced with higher taxes will curtail spending investment and job creation in America because not only because with higher taxes they will have less to do, but because they foresee no vibrant market and a hostile regulatory climate.
Hey that will just be the beginning of the fun for America on Jan 1st when we go over the cliff. Just wait for the THOUSANDS of companies cutting full-time/part-time hours and laying people off because of Obamacare that will kick in.
I talked to an older gentleman who I have gotten to know well over time who works in Hy-Vee’s ‘Wine & Spirits’ department recently. He basically told me that Obamcare just created the 29 hour week. He worked 32-40 hours a week before. Now that is gone because Hy-Vee cann’t pay for Obamacare’s requirements imposed on 30 hour employees. (this posted was corrected from an earlier post)
I mistyped on the previous post. He worked 32-40 hours a week and now that is being cut to 29 hours to avoid paying for Obamacare.