DEMOCRATS ARE DUMMIES ON THE ECONOMY

Democrats still have not figured out that taxes are already too high in a time of high unemployment and slow business activity. Raising taxes now will destroy the moderate economic recovery we are just starting to see. They also don't seem to realize that lowering taxes will actually stimulate business, create opportunities for investors, and the creation of new businesses, resulting in actually greater revenue than if taxes were raised. In fact, raising taxes will probably result in lower total tax revenue than what is now available, as has historically been the case. To compound their error they still intend to raise taxes on people who make more than $200,000 and higher. The $200,000 income level is actually the level which corresponds to the typical small business operation in this country. Raising taxes on this group will have the following effects; (1) The typical small business will not hire any more workers and may even layoff a worker or two to make up for the loss in net income after taxes. Not because they are mean and nasty people, but because it is a matter of survival for the small business and the owners that derive there livelihood from that business. (2) The small business will reduce material and supply orders to a minimum. (3) The small business may raise prices of the products or services it supplies, passing on the tax increases to the consumer who then pays double-taxes in effect.

Also, larger businesses will reduce R&D, layoff workers, reduce inventory, raise prices, stop hiring, etc. Investors that provide the capital for business by investing in companies will look for other more profitable investments, usually in non-business activities, or protective investments such as commodities. The price of commodities then rises further hurting consumers so we could have very high inflation with high unemployment at the same time. Really rich people, that is millionaires and higher will cut staff, curtail luxury purchases, and cut back in various ways to compensate for the new taxes. These people did not get to be millionaires by ignoring taxes! It has been estimated that one new millionaire created will result in an average of ten new jobs such as maids, gardeners, assistants, and other jobs. The list and repercussions of higher taxes goes on and on. I almost hope the Democrats do raise taxes. It will almost certainly result in their political demise in 2012. If you disagree with me, write and tell why I am wrong!

RETIREMENT AGE GOING TO 68 ?

The white House has a plan to raise the retirement age to 68 and possibly cut Social Security benefits for seniors. I can't believe that the Democrats are doing this. Aren't they supposed to be the party of the common working man? Or are they really a socialist party that is so hungry for new money to spend on boondoggle socialist programs (like the Health Care program and pork spending) that they will turn our workers into virtual slaves to their jobs! Is this the return of slavery?

Maybe if you are a scientist, doctor, or other professional, you love your work and will do it until you die at your desk, but if you are an auto worker, coal miner, or a subway operator, you most likely want to get the hell out of that job as soon as possible, like 62 or 65, but certainly not 68 or 69! Young people, watch out the government will try to raise your retirement age to 85 or 90, if you don't fight this plan now! So instead of being a worker slave to support the Democrat politicians pet projects, it would be better to quit working and just be a person on welfare, because under the socialist system you can get all kinds of benefits, food stamps, cash from the IRS, etc., etc.

So workers unite and fight the new Democrat slavery system that is being foisted on us whether we like it or not! Write your Congressmen and tell them how you feel. Stand in front of the courthouses and in the streets and protest. Use passive resistance only please.

THE GRIDLOCK CONGRESS

WELCOME TO THE NEW GRIDLOCK CONGRESS
What can happen with a Republican House of Representatives and a Democratically controlled Senate? Well mostly nothing I think. The Health Care Law will not be repealed for one thing. There will be no more massive stimulus except whatever the federal Reserve can do by itself. There will be no new major spending projects either. There will definitely be no major actions on politically sensitive issues such as immigration. Why will this be? Suppose for example, that the House writes a politically sensitive law. The Senate could kill it or they could pass it and send it to the President. But the President will veto it if it contradicts any of his mostly extreme left agenda. Or the Senate could write some leftist bill but the House will not pass it, so it dies. Either way the bill will not be passed. So we will have gridlock in government to a great extent especially on any political issues on which action would offend either the right or the left. But don't forget that the Executive branch our of government which includes the President has a lot of power to take actions in many areas that are not under the direct control of Congress and there are ways to get around Congress such as recess appointments, etc.
And don't forget the Federal Reserve and the Treasury Depts. that can move mountains in the economy if they want to, controlling the money supply, interest rates, bond issues/re-purchases, and many other aspects of the economy. As far as the gridlock is concerned it can actually be a good thing for business as there will be no significant laws that will "rock the boat" so to speak. What does it mean for 2012 though? I think that many Democrats will be in political trouble even more than now if they don't forget about their leftist agendas and start being cooperative with Republicans and working for the people instead of themselves. This includes the President