Thursday, July 3, 2014

Open for Business

Crony capitalists and Wall Street wizards have been cleaning up under Barack Hussein Obama. US markets are at all-time highs, but that success is not translating to Main Street. In order to do what Obama claimed to want and "spread the wealth", he should have lowered marginal tax rates and lessened Federal regulation. Instead, in the event of six years of governance, Obama has done just the opposite. He has instituted the most severe regulatory regime in US history. In the last quarter, Obama's government collected more tax revenue than any previous quarter in American history. Despite all that revenue flowing into government coffers, the deficit and national debt have also never been higher because Obama has spent more than any of his predecessors. If you are a moneyed friend of Obama, chances are your wealth has grown under the current regime. If you are a small business person, what Obama has done and is doing is diminishing your chances of becoming a greater success. Obama's rhetoric suggests a hand up but in reality, Obama has put stumbling blocks in front of the type of small business that has heretofore fostered prosperity in America.

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