{"id":808,"date":"2009-05-10T05:43:08","date_gmt":"2009-05-10T05:43:08","guid":{"rendered":"http:\/\/www.rightwinggranny.com\/?p=808"},"modified":"2009-05-10T05:43:08","modified_gmt":"2009-05-10T05:43:08","slug":"why_we_need_an_objective_media","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=808","title":{"rendered":"Why We Need An Objective Media"},"content":{"rendered":"

Yesterday’s UK Telegraph<\/a> ran an article with the headline “Barack Obama’s rich supporters fear his tax plans show he’s a class warrior<\/strong>.”  No kidding.  The article goes on to say that wealthy businessmen and investors supported Barack Obama’s presidential campaign and now are surprised by his anti-Wall Street rhetoric.  One hedgefund manager who was a top fundraiser for the Obama campaign commented that the rhetoric was OK on the campaign trail, but now we are in the real world.  <\/p>\n

Part of this has to do with the American media, but part of it has to do with the American voters.  President Obama made no secret during his campaign that he wanted to ‘return America’s wealth to its rightful owners’.  That alone should have told businessmen all they needed to know.  There is nothing in that statement about earning wealth or creating businesses that generate it–it is just about transferring wealth.<\/p>\n

The article also points out:<\/p>\n

\n

“Mr Obama made no secret of his plans to raise taxes on the “working rich” (individuals earning<\/font><\/a><\/nobr> more than $200,000) by imposing a top income tax rate of almost 40 per cent, and there is little surprise that those plans remain on track, even during the worst economic crisis since the Great Depression. <\/em><\/p>\n

But Democratic opposition is building in Congress to many of the President’s proposals. A plan to reduce tax deductions for charitable gifts by richer people may have to be scrapped, because the charitable sector – which includes hospitals, museums and voluntary service groups – depends heavily on tax-deducted donations.”<\/em><\/p>\n<\/blockquote>\n

The tax hikes were all discussed during the Presidential campaign.  For whatever reason, Americans chose to ignore the fact that historically raising taxes in a recession deepens the recession.  President Obama spent $787 billion on the stimulus package and passed a $3.5 trillion budget through Congress.  He has to find a way to pay for these things.  Corporations are going to bear the brunt of this burden and consumer prices and unemployment will increase as these corporations pay higher taxes.  Meanwhile, he has found jobs for 800 people–they will be working for the IRS to make sure everyone pays his fair share of the tax burden.<\/p>\n

I don’t have buyer’s remorse–I didn’t vote for the man, but I suspect it’s going to be a long four years! <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Yesterday’s UK Telegraph ran an article with the headline “Barack Obama’s rich supporters fear his tax plans show he’s a class warrior.”  No kidding.  The article goes on to say that wealthy businessmen and investors supported Barack Obama’s presidential campaign and … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-808","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=808"}],"version-history":[{"count":0,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/808\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}