President Obama = Tax Cuts for the Middle Class

EXCERPT:

“President Obama says he wants to renew the tax cuts for all those making less than $200,000 to $250,000 a year.”

source:

http://finance.yahoo.com/banking-budgeting/article/110185/what-would-happen-if-the-bush-tax-cuts-expire?mod=bb-budgeting&sec=topStories&pos=3&asset=&ccode=

Caveat: The Wall Street Journal presents its news for a very wealthy audience. Even the title of the Op-Ed by Brett Arends on July 29, 2010, titled, “What Would Happen if the Bush Tax Cuts Expire,” slants the story with a presumptuous “if” in the headline. The Bush Tax Cuts, which cost our country’s budget $1 Trillion, were rammed down the throats of unsuspecting Americans for the benefit of the superwealthy, by a Republican-majority Congress; and as eponymously noted done so during the time of George W. Bush.

* The Bush Tax Cuts were always meant to expire. That’s the trick of the Conservatives: cut taxes for the superwealthy and then point the finger at the other party for cleaning up the Conservatives’ mess by screaming, “They’re raising taxes [for the superwealthy]!” Clarification: Conservatives usually leave out the bracketed information.

Thank God we have President Barack Obama to give Tax Cuts to the Middle Class. Because the Middle Class got shafted during the time of George W. Bush…stagnant wages, 401ks obliterated, housing values cleaved in half, double-digit unemployment, bailouts, the Great Recession.

Note: Mr. Arends does finally bring the Fande at the end of his WSJ Op-Ed.

More on the Great Recession:

http://finance.yahoo.com/news/Recession-was-deeper-than-apf-3247751846.html?x=0&sec=topStories&pos=8&asset=&ccode=

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