Rejoice all you supporters of President Obama who were wondering why he seemed to spend so much time making nice with Republicans in Congress in the first weeks of his administration to win their support for his agenda.
In his weekly address Obama snatched back the olive branch he has offered to his political opponents and said the work of bringing change to the American people, defined in his $3.55 trillion budget to Congress, will begin in earnest.
In other words, IT'S ON!
"I know these steps won't sit well with the special interests and lobbyists who are invested in the old way of doing business, and I know they're gearing up for a fight as we speak. My message to them is this: So am I,"
Obama said.
The president pointed out "special interest and lobbyists" as he should, but anyone who knows how to read knows he is talking about Republicans who will fight tooth and nail to chip away his fiscal 2010 budget and insert more goodies in the form of tax breaks and subsidies for the affluent.
In the same way that the Bush presidency will be judged by his war in Iraq, the Obama presidency may end up being measured against his success in keeping this budget intact and whether it helps the nation. It offers a stunning change to the way business in conducted.
It seeks to cut subsidies for big farms and tax polluters to reduce global warming; it puts a hefty tax on big earners and reduces reimbursements for Medicare and Medicaid treatments.
In short, the rich and wealthy better start to seek cover.
Republicans in Congress and their minions like Rush Limbaugh have already begun attack the budget as a wealth transfer from the rich to the poor. There is an element of truth to their protests. The middle class does get some needed relief in the budget and it does come largely on the backs of the most affluent Americans.
That is a good thing. Billionaire Warren Buffett has said that people in his earnings bracket should be paying more in taxes. He understands the middle class has done more than its share for a long time.
_________________Paul Shepard blogs the Democrat side of politics for Black Voices. He has been a journalist for 16 years on the national urban/minority affairs beat for The Cleveland Plain Dealer and for AP in Washington, D.C. He now runs his own public affairs firm, Shepard Strategic Communications



Comments: (5)
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By: Tired of poor me attitude on 3/02/2009 11:49AM
Obama is being bossed around by The House and Senate. He also lied about no Earmarks...Just because they didn't assign their names to the Earmarks means they don't call them what they are?
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By: charles on 3/03/2009 10:03AM
I don't think so.
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By: salt on 3/03/2009 8:25AM
Based on good business practices, explained below, they know that the USA economy will collapse reacting to Barack Obama’s meaningful changes in policy:
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0) Obama stated that the economy will recover by 2013. He is obviously lying or does not know that the 65 million Baby-Boomers born 1946-1954 will be start turning 66 in 2012. Over the years 2012 to 2019 they will retire collecting Social Security. The Federal Government’s General fund will start having to pay back the trillions it has borrowed from the Social Security System. The deficit and federal taxes will grow by trillions of dollars every year, because of this and because the Baby-Boomers will be earning less and paying less taxes. Obama’s talk of recovery are total fiction, Smart capital is leaving this country by the billions of dollars every day because they know the USA is in for a 75 year depression.
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1) Obama will pull the troops out of Iraq where the oil, oil producing equipment, and refineries are and move the military to Afghanistan a land locked dust bowl that produces nothing but heroin. This will leave the Radical Muslims to take over Iraq and its ability to produce huge wealth. This wealth and the manpower of the Iraqi Military will enable the Radical Moslems to take over the small oil producing nations of Kuwait, Bahrain, Qatar, United Arab Emirates, and Oman. The Royal family of Saudi Arabia will not be able to stand up to the combined military might of Radical Moslem controlled Iraq and Iran. They will then control the world’s oil supply. Notice how oil prices claimed in the weeks as Barack finished winning the Democratic primaries.
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2) Obama’s planed changing the tax on capital gains from 15 % to 28 % has caused the stock market to collapse as investor tried to get out before the new tax rates apply. The collapsing stock market has greatly decrease everyone’s retirement funds, 401K’s and Roth IRA’s. (3) The collapsing stock market will force insurance companies to raze premiums on car, personal, business, and home insurance. (4) As people no longer have their retirement funds they have had to sell their homes forcing housing prices down.
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5) Barack Obama has stated that he wants to give drivers licenses, Social Security, Universal Health Care, and free College Tuition to immigrants who are currently illegal. Right now millions of them pay into the SSI system under false or duplicate numbers with no means of ever collecting. Their being able to collect will be a huge expense to a system already financially in trouble. If enacted millions more will come to the USA. This will be a huge expense to the nations health care system, even if the money comes from the Federal Budget. This will be a huge cost to the Education facilities, and to Social Services. Why should emigrants get preferential treatment in college financial aid over people who have lived in this country their entire lives.
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6) Barack Obama has stated that he wants to create universal healthcare. This means people who have never worked a day in their lives and drug dealers who get shot-up are going to have the exact same level of treatment and entitlements as people who have worked their entire adult lives. It will create unprecedented shortages of health care facilities and personnel. It will eat up trillions of dollars to tax revenue.
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7) Barack Obama has stated that he wants to give .7% of the US Gross National Product to the undeveloped nations of Africa. This while US citizens drive through massive traffic jams twice a day, have school systems that are failing to provide a adequate education for 20 % of the students. This while we have over crowded courts and prison systems. This while we have a collapsing industrial base as jobs go overseas.
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8) Barack Obama intends to set up a system of carbon credits that will add to the cost of every product and service; while it creates a huge bureaucracy keeping track off all the carbon credits and who paid while not reducing the total output of pollution. Because polluters can just buy credits. It will add at least 10% to the cost of manufacturing and cost of transporting every product.
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9) Barack Obama has no solution to the outflow of capital (money) from this country to pay for energy. Until a few weeks before the election he was against drilling off shore. He is still against atomic power, He is still apposed to the recycling of spent fuel-rods, He is still against using shale to produce oil unless it comes from Canada. He is against using coal to produce electricity unless it is so clean that it violates the basic laws of chemistry. He even said he wants to “bankrupt the coal companies“. The only thing he seems to be for is to keep sending money to the Middle East.
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10) Barack Obama’s plan to keep minor nations from acquiring atomic weapons is to negotiate with them. This would seam rational except he is putting pre-conditions on the USA by stating that the US pull out of the Middle East before negotiations can start. The USA would probably have to give them a multi billion dollar aid package to get them to comply. The USA already gave billions to North Korea only to find out they did not stop building the bomb.
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11) If the US pulls out of the Middle East the people who worked with the USA, and for the USA will end out getting shot along with their families. It will forever after be indelible world opinion that it is fatal to be a USA ally. As in the cases of the Shah of Iraq, Nationalist China, the South Vietnamese, the Cambodians, the Laotians, and the Lebanese Christians.
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12) In the weeks before the election Obama said he would scour the Federal Budget to eliminate pork barrel spending and useless programs. As soon as he is elected but not yet swarm in he has purposed a $ 800,000,000,000 expenditure on interstructure. This will tare up roads and schools that are functioning in order to spend billions to replace them. He should have proposed a stimulus package that would help the USA to become less energy dependent and to give USA companies a better chance in the World Markets, not one that will provide pork barrel projects for local politicians.
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By: Tired of poor me attitude on 3/03/2009 3:01PM
Salt, you have an uncommon ability to state the facts clearly and unemotionally. Congratulations and thank for for being a clear thinker.
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By: Jessie on 3/04/2009 12:54AM
"It seeks to cut subsidies for big farms and tax polluters to reduce global warming; it puts a hefty tax on big earners and reduces reimbursements for Medicare and Medicaid treatments. In short, the rich and wealthy better start to seek cover."
On trade-distorting subsidies, such as farm price supports, Joe Biden has voted for lower subsidies on only 3 of 11 votes. Since Obama joined the Senate, he has voted for lower barriers 36 percent of the time and for lower subsidies 0 percent. So basically they're against the farm subsidies they've always supported.
I'm confused as to how reducing reimbursements for Medicare and Medicaid would effect the "rich and wealthy". The Medicare and Medicaid caps so far are about the government deciding if the elderly should die sooner or not in order to save money. And by the way, you go right ahead and tax those polluters but don't complain when you're paying higher prices.
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