Obama’s Slippery Rich Slope
by Bill Hennessy on November 1, 2008
in Economy, Latest, Politics
At the current rate of decline in Barack Obama’s definition of “the rich,” by June 2009, anyone earning more than $20,136 a year will get a tax increase.
Since July 2008, Obama’s definition of rich has been declining at rate of 20 percent per month. Simple extrapolation shows that even minimum wage earners will face a tax increase by the time any legislation can be enacted in June 2009.
In other words, Obama’s real definition of “rich” is: “you have a job.”
For those of you with short memories, in 1992, Bill Clinton promised to raise taxes on the rich and cut taxes for the middle class. But shortly after taking office, Clinton, claiming to have worked harder on that tax cut than anything in his life, decided everyone’s taxes must go up. In fact, my little company made some good money selling sweatshirts that read, “I Got Wet When Clinton Soaked the Rich.”
Popularity: 1% [?]
![[del.icio.us]](http://images.del.icio.us/static/img/delicious.small.gif){kind=small}
Related posts:
- Approval of Obama Continues to Fall Rasmussen’s daily Presidential Approval Tracking numbers continue to show that...
- Why Focus on Government Spending? The mounting government debt–$2.98 trillion in recent bailouts and stimuli...
- Tea Party Message Sinking In Rasmussen’s weekly report shows the Tea Party message of limited...
- The Absurdity of Obama “Absurd” is the perfect word. Obama personifies absurdity. Take this...
- Cincinnati Tea Party HUGE Michelle Malkin has impressive photos from the Cincinnati Tea Party. ...
Related posts brought to you by Yet Another Related Posts Plugin.
Paperback $14.95
Follow me on Twitter!