Thursday, November 6, 2008

And so it begins...

Sigh.

It's hard to believe that so many people bought into the phony promises of "tax cuts" from the "most-liberal" Senator in decades.

Mark my words: Within 30 days of Obama's inauguration, he will tell the American people why he can't implement his plan for tax cuts after all. He'll say that the economy was worse than he realized - naturally blaming W. for everything. He won't simply adjust his plans for tax cuts, but rather scrap that promise altogether.

How can I be so sure? Clinton pulled the same routine in 1993. I voted for him way back in 1992 (last time I ever voted for a Dem) because a "panel of economists" judged his economic plan - including tax cuts - the best one for the economy. If I had judged him by his voting record rather than his campaign commercials, I probably wouldn't have been so shocked when he announced - within weeks of his inauguration - that the economy was worse than expected (Bush Sr.'s fault, of course) and that he wouldn't be able to put his plan into action. Not just modify it. No, never even consider using it! And of course, Clinton had no idea things were that bad, even though he started the chant, "It's the economy [stupid]!"

Anyone want to speculate how many days it will take before Obama delivers the same message?

And now, Reid and Pelosi unveiled a plan to take everyone's 401K. They must have worked on this baby for weeks, but never said a word to voters before the election. Heaven forbid a politician should disclose all their plans so that voters can make informed decisions in the voting booths.

So, the government, which has never run any program efficiently and without fraud, is going to take your hard-earned retirement savings. You have no say, unless you want to get hit with heavy penalties for early withdraw. The government will take this money out of Wall Street investments, leading to the official collapse of the market, and invest them in government bonds.

Yes, they're dangling a bone: restoring your portfolio to August figures. But for the rest of your working lives, you will have no control and no say in your investment, with a cap on how much you can contribute and a cap on your return. And Congress will "handle" your money for you!

With Dems controlling the White House, Senate, and House of Representatives, who will stop them?

Bend over and grab your ankles for the next four years. This is just the beginning...

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