President Barack Obama once again blamed Republicans for a stalemate that could increase taxes on Americans next year while a leading Senate Republican cast Obama and his Democratic Party as obstructionists who want to place the tax burden on businesses during an economic slowdown. In his weekly radio and online address, Obama pressed the Republican-controlled House to extend Bush-era tax cuts for households making $250,000 or less while letting lower rates on wealthier taxpayers expire and go up.
The Democratic-controlled Senate narrowly passed such a measure earlier in the week, but the House is not expected to follow suit.
As if this President has any clue towards creating jobs or helping the economy, he has the nerve to say: “Instead of doing what's right for middle-class families and small-business owners, Republicans in Congress are holding these tax cuts hostage until we extend tax cuts for the wealthiest Americans," Obama said.
Responding on behalf of the congressional GOP, Sen. Orrin Hatch of Utah, the top Republican on the Senate Finance Committee, said Obama's plan would do more harm to the economy and criticized him with almost identical language. He called for extending current tax rates for all taxpayers and spending 2013 overhauling and simplifying the tax code. “Raising taxes as our economy continues to struggle is not a solution, and the majority of Americans and businesses understand that," Hatch said. "The president and his Washington allies need to stop holding America's economy hostage in order to raise taxes on those trying to lead our economic recovery.
The real issue that everyone should understand and caress is that,"The government reported that weak consumer spending held growth to an annual rate of just 1.5 percent in the second quarter. That was lower than the 2 percent rate of the first quarter and less than what's necessary to help drive down the unemployment rate, now stuck at 8.2 percent."
"The White House budget office on Friday also predicted that the economy for this year will grow at a modest 2.6 percent annual rate and that the jobless rate will average 8 percent. It forecasts 2.6 percent growth next year, down from the 3.0 percent it predicted in February.
So here we have the economy in abismal condition. Our savings and wealth has shrunk with no end in sight. (Unless of course, we vote this loser out)
Yes, people are living longer due to technological and medical advances; but is this so we can suffer at the hands of an incompetant "Dictator"? One who must control everything? This is bad enough, but he's a president who has no clue in alleviating the problems we face every day. He has ballooned the government to such an extent that we can't afford to keep it running. Then to make matters worse, he and his cronies print money like it was a board game, thereby devaluing the dollar, making it almost worthless.
The american people must wake up and vote this person out. We need to get this country back on track.
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