November 16, 2012 2 Comments
The fiscal cliff is just around the corner. New jobless claims increased 78,000 last week despite Obama’s re-election. Inflation is on the rise. Poverty has increased. Europe is in a recession. McDonald’s is seeing their sales decrease. Don’t be fooled, this doesn’t mean people are eating more nutritious lunches or that they’re spending money at higher end restaurants like Applebee’s. (did I just say Applebee’s is high end? oy) It means that people can’t afford to eat at a restaurant that historically performs well during recessions. It’s not like they’re running over to Burger King or Wendy’s, their sales don’t make up for McDonald’s losses.
At least one restaurant chain owner is going to charge an Obamacare surcharge. We’re beginning to see what’s going to happen thanks to Obamacare. Taxes are going up for thousands of middle class families thanks to Obamacare. Businesses are cutting back on employee hours in order to not be subject to Obamacare. Many small businesses are making sure they don’t have 50 employees and thus aren’t subject to Obamacare. They’re laying off employees and refusing to hire. All of this while stocks are dropping into recession territory, the dollar is falling, unemployment is going up and historically strong companies are losing sales.
We face a major tax increase on January 1st. Odds are that Congress and the President aren’t going to agree on much, if so middle class families will see a major tax increase. Meanwhile high income earners are pulling their money from investments so as not to subject themselves to higher taxes next year. All of this money is going to be taken out of the private sector, furthering a brewing recession. Nothing can be worse for an economy in recession than removing money from the private sector. How does Obama and the Democrats think businesses will hire people if they have no money?
But of course that question assumes Obama and the Democrats care about Americans working. The last four years suggest that they really don’t. Obama won re-election on food stamps and welfare. Voters on food stamps account for nearly 75% of Obama’s votes. So let’s not pretend like Obama particularly cares about jobs. In fact, the fewer people who are employed the better it is for the Democrats. After all jobs, especially good jobs, remove people from the welfare and food stamp rolls and thus those voters are less likely to vote for Democrats. All you’ll see from the left is more food stamps, more welfare, more handouts and fewer jobs. It’s their pathway to re-election.
For the rest of us, we’re looking at a looming disaster. The middle class is facing thousands of dollars in tax increases on January 1st. If we don’t have health insurance, there are thousands of middle class Americans facing the Obamacare tax. Our jobs are threatened as our employers cut back with Obamacare and upper class tax increases looming. We have nowhere to turn. We make to much to go on welfare and we actually want to work, lessening our will to join the ranks of welfare recipient. The country is facing a disaster and we have a President who just doesn’t care. He doesn’t have to, welfare and food stamps got him re-elected. Not even his dismal economic performance could overcome the freebies the government handed out.