Let me be very clear on the economics of President Obama’s State of the Union speech and his budget.
He
is declaring war on investors, entrepreneurs, small businesses, large
corporations, and private-equity and venture-capital funds.
That
is the meaning of his anti-growth tax-hike proposals, which make
absolutely no sense at all — either for this recession or from the
standpoint of expanding our economy’s long-run potential to grow.
Raising
the marginal tax rate on successful earners, capital, dividends, and
all the private funds is a function of Obama’s left-wing social vision,
and a repudiation of his economic-recovery statements. Ditto for his
sweeping government-planning-and-spending program, which will wind up
raising federal outlays as a share of GDP to at least 30 percent, if
not more, over the next 10 years.
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* My 0.02: We all, investors, specualtors and market lvoers, should declare WAR on this fakely-created Messiah that now runs (really?) the USA and who's a big threat to life as we know it now only there but in all the puppet countries that will follow him for the sake of destroying free-thinking and movement of capital (Spain, as first welcomer of him, included, of course). I know these are other level's games, but only united we can defy the new dictatorship is emerging.
