During the Chrysler bankruptcy, Obama violated the Fifth Amendment and more than 150 years of bankruptcy law by illegally treating secured creditors worse than unsecured creditors. Some of these secured creditors were retired teachers and police officers from Indiana.
(more…)
February 16, 2015. Tags: Barack Obama, Chrysler, Crime, Education, Income inequality, Indiana, Law, Obama, Occupy, Occupy Wall St., occupy-wall-street, Police officers, Politics, Retirement, Teachers, Unions. Barack Obama, Politics. .
The Washington Times recently reported:
Obama’s State of the Union speech to include $320B tax hike proposal
President wants capital gains rate, bank fees raised
President Obama will propose $320 billion in higher taxes in his State of the Union address, mostly by raising the rate on capital gains and closing tax loopholes for wealthier families, senior administration officials said Saturday.
Previewing Mr. Obama’s State of the Union address to Congress on Tuesday night, aides said the president will propose raising the top tax rate on capital gains to 28 percent, from the current 23.8 percent (20 percent, plus a 3.8 percent tax on unearned income to fund Obamacare) for individual taxpayers with an adjusted gross income of $200,000 or more.
Obama is ignoring the fact that in the real world, raising the capital gains tax in the past has resulted in lower tax revenues.
(more…)
January 24, 2015. Tags: Barack Obama, capital gains tax, Class warfare, Communism, Economics, Income inequality, News, Obama, Occupy, Occupy movement, Occupy Wall St., occupy-wall-street, Politics, Redistribution of wealth, Soak the rich, Socialism, Taxes. Barack Obama, Economics, Politics. .
This guy’s tone of voice and calm demeanor make him sound like he could be a trusted teacher, friend, or relative. I think if I knew him in real life, we could be friends, and enjoy each other’s company. He certainly seems well intentioned.
(more…)
August 22, 2012. Tags: Communism, Labor movement, Marxism, Occupy, Occupy movement, Occupy Wall St., occupy-wall-street, Politics, Progressive, Progressive politics, Progressivism, Unions. Politics. .
