Jim Cramer has finally seen the light it seems….after sitting down with his accountant and realizing what is coming down the pike.
Small businesses cutting hours, cutting employees or going out of business altogether. Taxes being raised on close to 80% of all households. Incredible amount of debt which will cause our credit rating to be downgraded which will increase are debt.
Increased unemployment and increased dependence on government will come, rest assured.
But of course this is what Obama wanted:
The rout was complete, the retreat disorderly. President Obama got his tax hikes — naked of spending cuts — passed by the ostensibly Republican House of Representatives. After which, you might expect him to pivot to his self-proclaimed “principle” of fiscal “balance” by taking the lead on reducing spending. “Why,” asked The Post on the eve of the final fiscal-cliff agreement, “is the nation’s leader not embracing and then explaining the balanced reforms the nation needs?”
Because he has no interest in them. He’s a visionary, not an accountant. Sure, he’ll pretend to care about deficits, especially while running for reelection. But now that he’s past the post, he’s free to be himself — a committed big-government social democrat.
As he showed in his two speeches this week. After perfunctory nods to debt and spending reduction, he waxed enthusiastic about continued “investments” — i.e., spending — on education, research, roads and bridges, green energy, etc.
Having promised more government, he then promised more taxes — on “millionaires” and “companies with a lot of lobbyists,” of course. It was a bold affirmation of pre-Clintonian tax-and-spend liberalism.
Why not? He had just won Round 1: raising rates. Round 2 is to raise yet more tax revenue by eliminating deductions. After all, didn’t John Boehner offer him $800 billion of such loophole-closing revenuejust a few weeks ago?
To paraphrase Churchill on the British Empire, Barack Obama did not become president of the United States to preside over the liquidation of the welfare state. On the contrary, he is dedicated to its expansion. He’s already created the largest new entitlement in half a century (Obamacare). And he has increased federal spending to an astronomical 24.4 percent of GDP (the postwar norm is about 20 percent), a level not seen since World War II.
But this level of spending requires a significantly higher level of taxation. Hence his hardball fiscal-cliff strategy of issuing an ultimatum to Republicans to raise tax rates— or be blamed for a massive across-the-board tax increase and a subsequent recession.
So sorry Jim….taxes WILL be raised and our economy WILL continue to crumble.
Why? Because that is what America voted for
See author page
Fortunately, I always keep my feathers numbered, for just such an emergency!
I am now hearing from a bunch of people who voted for Obummer again …. that they don’t deserve the higher taxes ‘they’ voted for. Guess what? I DO NOT CARE! YOU VOTED FOR IT now SHUT THE F**K UP!
I tried to educate everyone I knew about what to expect if Obama won again. Guess what? Not enough people listened. And here they are complaining about how they are now considered ‘rich’. Oh well, this is what ‘they’ voted for.
However, this sure as hell isn’t what “I” voted for. But it’s ok ……. I prepared. Too bad the people who voted for “ObamaClaas’ didn’t.
For all the libs I knew who told me ‘I’ needed to ‘suffer’; I’ll say it ‘straight up’.
“I told you so.”
One of the best decisions I ever made, was to retire at age 62. Not long after I retired, obama got elected.
Saw this…kind of left me speechless…
http://www.zerohedge.com/news/2013-01-04/hilda-solis-paying-people-not-work-saved-millions-jobs
@sarah #2 – I tend to wonder 2 things….If the Obummer voters though Ofraud was going to take the wealth of the “rich” to (a) redistribute and/or (b) use it to pay down our debt….thereby excluding “them” [those who voted for the Ofraud] from having to ‘pay’ as much/or “any” taxes….
This for most working people this is the last paycheck for 2012…I’d like to be a fly on the wall when they see their “first” paycheck of 2013…MAN!! is THAT going to be a RUDE AWAKENING….
I’d love to be the one to remind them that “elections have consequences”….this is what you wanted and this is what you got….the ‘other side’ tried to educate you and you were warned….Now suck it up and shut up!!! lol
I imagine it really ticks a lot of people off that the S & P 500 reached its highest point in 5 years today, and that the U.S. economy picked up 155,000 jobs last month.
That last item reflects a seasonal fluctuation,of course, but it still has some entertainment value.
Obama’s taxes are even higher than the taxes people PAID in the 1950’s when the tax RATE was pushed down to 91% from 92%!
Note I wrote taxes PAID vs tax RATEs.
http://news.investors.com/ibd-editorials-perspective/010413-639424-obama-high-taxes-still-worse-than-1950s-tax-rates.htm#ixzz2H3xjWk8R
Obama has closed loopholes to the extent that people will change their earnings so as to avoid paying the higher rate.
Even Al Gore tried to sell his 20% share of CURRENT TV before the Jan 1, 2013 deadline so as to save over $10 million in more taxes……and he SAYS the ”rich” SHOULD pay more!
Hahahahahaha…
I’m loving it.
I remember when our CEO gave a speech just before the holiday break and commented about being glad that the election had ended. The production employees, all union goons, chanted Obama, Obama, Obama…
Know I get to chant Obama, Obama, Obama and tell them to stfu and stop crying…
Hahahahahahahahaha…
Several times I heard Cramer say the economy was poised to “explode.” I think “implode” was the word he was looking for.
@Greg:
Yeah it ticks me off that its not 250k or greater which is what we were told would happen by the summer of 2010 with the stimulus spending. 150k is not enough. If Obama’s policies are responsible for such mediocre numbers then he has failed to deliver on his promises. Does it tick you off poverty is rising and food stamp use age it exploding upward? Raising taxes does nothing to change any of this. Doesn’t going 4 billion more in debt per day everyday tick you off?
http://www.aei-ideas.org/2013/01/the-dismal-december-jobs-report-shows-a-lost-year-for-u-s-workers/
why trying to impeach a previous PRESIDENT FOR SCREWING
A WILLING STAFF MEMBER,
AND NOT IMPEACH ONE OTHER FOR SCREWING THE PEOPLE OF ALL THE STATES,
WHAT DOES IT TAKE , WHO COULD IT TAKE,
ARE AMERICANS BECAME TO SCARED TO PUT IT AS IT IS,
who’s job would it be?
who’s got the guts?
it don’t seem to be any party in GOVERNMENT,
ANY PENTAGON TOP GUYS?
ANY GOVERNOR?
THERE IS A GOLD BAR IN THE MUD NEEDING TO BE PICKED UP,
BY WHO WILLING TO GET IN THE MUD,
oops, maybe THE NEW CONSTITUTION PARTY HAS THE RESOLVE TO DO IT.
Clinton was not ‘impeached’ for screwing someone. He was impeached by congress for perjury. And the Democratic controlled senate kept his sorry butt in office.
And as for Bush, please show how he ‘screwed’ the people of the United States. Please show how Bush used the Patriot act to throw American Citizens into jail as terrorists without due process or trial ……oh wait …….that was Obama.
The so called ‘New’ Constitution Party wouldnt’ be the one that was exposed as being funded by Patriot Majority aka the Democrats and Reid … would it?
Debraraes
are you sure about the CONSTITUTION PARTY, BEING CONNECTED
WITH THE DEMOCRATS AND HARRY REID,
that make a big difference, I thought it would lean on CONSERVATIVES SIDES
thank you for the info, some other here will be surprise too,
good that I said trying to impeach, instead of impeach
and you have to admit his perjury was for screwing
and on the other line
not impeach the other for screwing the STATES,
I meant OBAMA, not PRESIDENT BUSH, which I had and have much respect for him and his decisions to stand for AMERICA,
@Debraraes & ilovebeeswarzone:
No,
@ilovebeeswarzone and Debraraes, that is incorrect information. You are confusing two different third parties.
A candidate Jon Scott Ashjian registered and ran as a member of the “TEA Party of Nevada”. This candidate was never ever affiliated with any of the real Nevada Tea Party activist groups, and it seems clear that the purpose was to confuse voters and siphon off votes that may have otherwise gone for the GOP candidate and therefore increase Harry Reid’s chances of winning.
Tea Party Express Accuses Nevada ‘Tea Party’ Candidate: ‘We Think You’re A Fraud’
Tea Party Imposters?
A Tea Party Fake?
A Pro-Harry Reid group out with radio ad touting Scott Ashjian
Nevada Tea Party Chairman Quits After Leak Of Sharron Angle Tell-All Tape
New York Times: Democrats Backing Fake Tea Party Candidates
I have no doubt whatsoever my mind that Jon Scott Ashjian was a spoiler candidate put forth to help Reid’s chances at reelection. Harry Reid is a sleazy and disingenuous politician with a political machine that will pull every dirty trick possible to keep power, and as New York Times correspondent Jim Rutenberg notes, the Democrats have used this tactic in other races all over the nation.
Ditto
wow, I’m glad to have tell you,
I thought of HARRY REID AS A DANGEROUS SNAKE WHEN HE ACCUSED MITT ROMNEY
OF NOT PAYING HIS TAXES, AND KIND OF PAY ATTENTION TO HIS TALK
IN THE GOVERNMENT AFFAIRS,he always shift the blame to other party,
and it’s now apparent they him and OBAMA WORK TO GET THE CONGRESS THE BAD PUBLIC NUMBERS OF
POPULARITY, THEY BEGAN AND WHEN IT START FALLING THEY CONTINUE BEATING THE CONGRESS MAKING THEM LOOK AS THE ONE CAUSE OF THEIR OWN FAILURE,
THAT IS THE MOST VICIOUS ATTACKS THOSE TWO OBAMA AND REID MADE,
ALONG WITH THE ATTACKS ON PRESIDENT BUSH SO THAT EVERY AMERICAN ALMOST HATED HIM,
AMERICA STARTED HER CULTURE OF HATE OF ANY KIND WITH OBAMA IN POWER
AND THE DEMOCRATS AND THEIR MEDIAS COVERED HIM AND THE DEMS, UNTIL THE LAST ELECTION WHO REALLY EXPOSE THEIR POWER ANGRY DANGEROUS HATEFULL ACTIONS TO WIN AT ANY PRICE EVEN BY LOOSING THEIR SOULS,
IF THAT’S NOT FROM HELL, WHAT IS?
Excellent article that explains what Beohner and the establishment Republicans continually fail to understand Obama:
Republicans Should Recognize, Reveal the Real President Obama
Ditto
page not found on your last link
bye
Try this link:
http://www.breitbart.com/Big-Government/2013/01/09/Republicans-Should-Reveal-the-Real-Barack-Obama
Ditto
she has it right on the heart of it,
I HAD FIGURED JUST THE SURFACE , BUT SHE GOT ALL THE CHARACTER OPEN he his bare naked in there
AND DID YOU READ THE COMMENTS?
THANK YOU FOR GETTING THAT LINK,
OBAMA MUST HAVE THE OTHER CLOSE, MAYBE HE’LL TRY ON THIS ONE,
I must add to it that his drug use at any time until today has created a block in his brain,
preventing him from growing his brain, he has stop progressing to become better and smarter,
but the negative side of his brain has evolved and took the space left untouch, that make the guy dangerous on revenge
BYE