Do you remember when Obama gave a speech in which he talked about America’s “arrogance”? Well, Obama demonstrated some of his own arrogance during the G20. It seems that Obama believes he can tell other nations how to run their economies. In fact, he’s insisting that Europe spend more money and not cut programs, despite running record deficits and risking defaults on that borrowed money.
Obama gave another speech in which in said that their were some “very difficult choices ahead” concerning America’s deficits. Get ready for Obama and the Democrats to raise your taxes. Everyone’s. They’ll blame the Bush economy for their reasoning for having to raise taxes. They’ll float the idea of having to implement the Valued Added Tax or VAT as it’s known. They’ll tell us that they’re taxing the evil banks, because they haven’t paid back their loans ( A lie since the banks have paid back their loans with interest. Fannie and Freddie, however, have not), however, those costs will find their way back to the consumer in way of higher interest rates on loans and lower interest rates on savings. They’ll tell the middle class that they’ll have to raise their taxes to get the deficit under control (Obama “will call their bluff”). Obama will tell the middle class, your concerned about the deficit? Well, if you’re not willing to pay up then you need to shut up. Obama will ignore spending restraint, because it doesn’t fit into his ideology. Remember, this is the same man who is telling Europe to spend more.
We are about to go into a double-dip recession that has been long predicted by Republicans, Wallstreet, and me. Government can not spend its way out of recession, it never works. We need to rescue control of the government away from these liberals and socialist before it is too late.
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