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Subject: Obama's Big After-Election Surprise Strategy
CJH    11/18/2011 9:38:15 PM
The 2013 Tax Cliff

"President Obama unveiled part two of his American Jobs Act on Monday, and it turns out to be another permanent increase in taxes to pay for more spending and another temporary tax cut. No surprise there. What might surprise Americans, however, is how the President is setting up the U.S. economy for one of the biggest tax increases in history in 2013.

Mr. Obama said last week that he wants $240 billion in new tax incentives for workers and small business, but the catch is that all of these tax breaks would expire at the end of next year. To pay for all this, White House budget director Jack Lew also proposed $467 billion in new taxes that would begin a mere 16 months from now. The tax list includes limiting deductions for those earning more than $200,000 ($250,000 for couples), limiting tax breaks for oil and gas companies, and a tax increase on carried interest earned by private equity firms. These tax increases would not be temporary.

What this means is that millions of small-business owners had better enjoy the next 16 months, because come January 2013 they are going to get hit with a giant tax bill. Let's call the expensive roll:"

 
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YelliChink       11/19/2011 2:52:03 PM
Meanwhile, the republicans are committing harakiri.
 
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CJH       11/24/2011 4:42:44 PM
Meanwhile, the republicans are committing harakiri.

Of course, I thesis is that the nation has rejected the God of the Bible and therefore as given in Paul's Letter to the Romans, Chapter One, is given over to a spiritual and therefore mental depravity (or weakness) the effect of which on our republic has been terminal. Let's face it, we no longer live in a republic since that would necessitate that a government of laws would prevail. Clearly, McCain Feingold, Obamacare and issuing driver's licenses to illegals all demonstrate a lack of a rule of law.
 
So I am not looking at the GOP primary race as a last chance to save the nation. I am looking at it as the only game in town albeit one that has very little chance of really affecting the nation's destiny.
 
The country's fate is out of our hands at this point and only God can save us. If He wills, some worthwhile leader might come out of all this. But the appearances are not all that encouraging.
 
As far as the import of a Romney nomination is concerned, I look at him as at best leaving us back at where we were in the fall of 2008 after 4 or 8 years. Perhaps a further 4 years of Obama would be better for the conservative movement than a demoralizing repeat of 2004-2008.
 
 
 
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YelliChink       12/7/2011 10:43:50 PM
Anybody still thinks that our warning that Obama is a hardcore Marxist socialist is based on fantasy?
 
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