President Barack Obama and deliquent tax payer Secretary of the Treasury Timothy Geithner are quick to respond to any inquiry or concern about the tax increases they are proposing in their new budget, as being fiscally responsible and consistently state, that the tax increases have to do with fairness in the tax code.
Obama, Geithner and a host of administration and Democrat party talking heads also continually remind the American public that they have proposed a tax break for 95% of taxpayers. The top 5% of American taxpayers currently pay in excess of 60% of all federal income taxes. The bottom 90% of all taxpayers pay 29% of all federal income tax. The bottom 50% of earners pay only 3% of all federal taxes. It would appear from those statistics that the tax system is unfair. It is unfair to the top 5%.
In an economic crisis it is those who have the most to lose that also lose the most. The President either fails to understand that economic reality or simply chooses to ignore it. Of the trillions of dollars of wealth lost since this recession began, the top 5% have lost a disproportionate amount of wealth yet, it will be the top 5% that will bear the burden of the extraordinary spending Barack Obama is proposing to spend as he honors his desire to transform America into a nation without aspiration.
Barack Obama in order to promote his class war and feed his desire to lead America along the path toward socialism fails to mention these statistics when he is promoting his policy’s. He takes for granted that those who have paid in full to date will pay more in the future.
Ceo4aday believes it is time for the top 5% to be heard. Why should we support an adminustration that proposes to penalize innovation and entrepreneurship. Why should we support an administration that disdains our contribution and perceives us solely as a means to fill the coffers of a government expansion that seeks to undermine the free enterprise system. Ceo4aday believes it is time for the top 5% of income earners to be recognized for the positive contribution they have made to this nation. Ceo4aday believes it is time to step up and be heard. Join us in our quest as we seek to make Congress and the White House listen to the minority that funds the majority.
Ceo4aday 
Barack Obama And Our Aspirations
Posted in business, economy, entrepreneurship, politics, tagged Age of Austerity, American Recovery Act, American Recovery and Reinvestment Plan, auto bail out, Bail Outs, Barack Obama, business, CEO, commentary, Democrats, economy, investing, marketing, recession, White House on February 18, 2009| 3 Comments »
If one listens closely you can hear the trees falling in the dense, dark economic forest that we as a nation, are currently wandering aimlessly through, as we search for a path that will lead us to the light of economic recovery. We have arrived at our current location on our national economic journey as a result of a well documented series of implosions in the financial infrastructure that provides the frame for our economic portrait.
Events, such as the sub prime mortgage crisis, a commodity spiral that led to oil peaking at $147 per barrel, the collapse of the stock market, a bank and auto industry bail out from TARP funds and now the American Recovery and Investment Plan of 2009, are all evidence of the decline of the most productive economy in the world.
Cumulatively, the aforementioned seem to many to have created insurmountable hurdles of economic distress. The case is being made by a variety of economic pundits that America as we have experienced it is going through a transformational change in which standards of living will permanently decline. That in fact the aspirations of Americans will decline.
Americans are looking to the Federal government increasingly for leadership and resolution to this economic and cultural crisis. What our political leadership has provided in the form of President Barack Obama and his administration is an endless stream of rhetoric that serves to heighten consumer fears about the depth and length of the current recession. While Barack Obama’s rhetoric may have spurred a Democrat controlled Congress to pass a partisan spending bill, it has alienated wall street and undermined the confidence of a nation. A nation, which has prospered and developed on the backs of our cumulative aspirations, generation upon generation.
Is our leadership today, so arrogant, that they would transform our individual aspirations and desires to achieve the “American Dream” into a collective nightmare. As the current administration extends their platform of economic fear we must look beyond the lowered expectations provided by the White House and maintain our individual aspirations for our national psyche.
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