In President Obama’s interview this past Super Bowl Sunday with Bill O’Reilly, Obama happily remarked that in his presidency he did not once raise taxes, and that in fact he had lowered taxes over the last two years. However, it is interesting to see how quickly the President forgot about some of the policies he pushed and signed into law during the past two years:
– $27 billion “fee” on drug companies that is already in effect
– $20 billion tax on device manufacturers next year.
– $60 billion starting in 2014 for health insurers.
– Increase in the Medicare payroll tax for families making over $250,000 and singles over $200,000 taking effect in 2013.
N0w many liberals would argue that these taxes are only on the “rich,” but don’t you think the same companies taxed heavily by these proposals will transfer these added costs to the consumers? Can you say price increases!?
In Obama’s State of the Union address two weeks ago, he said he does not support “a permanent extension of the [Bush] tax cuts.” Obama also forgets to mention the fact that although he was a champion-tax “lowerer” he raised the U.S. national debt by $2.75 trillion in just the past two years.
Obama also notes that the U.S. economy is now rebounding by putting Americans back to work, a blunder in the mold of Bush’s “Mission Accomplished” banner when we look at the truth behind the new unemployment figure of 9%. As noted by the Inflation Trader website, “it is important to realize that one reason the unemployment rate isn’t much higher than 9% is because the workforce is shrinking, a lot.” The creation of new jobs is just not there, and these figures simply represent a growing number of retirees leaving the workforce.
Thanks Mr. Obama for the great spirit, but no thanks on your policies. Good luck in the next two years, but I hope you’ll be cheering for the Bears from your couch back in Chicago in 2013.
Photo Credit: http://blog.heritage.org/?p=4210
“I Didn’t Raise Taxes Once”… Are you sure?
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