Friday, September 24, 2010

Obama to Break Another Promise

It looks like the party of Obama has no plans to vote before Election Day on extending the Bush tax cuts for the middle class. This means an across-the-board tax increase for most Americans, something Obama promised would not happen. What a shock, he fails to deliver on another promise.

This also is another blow to a failing US economy. Mark Zandi, chief economist of Moody's Analytics, wrote last week, "The uncertainty of not knowing what tax rates will be just a few months from now is adding to the collective nervousness." He called the impact on business decision-making, especially hiring, "discernible."

November is not far off, but things will be so bad in this country and the foreseeable future so bleak that the voters should have no trouble deciding to turn the scoundrels out.

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