So we are just about halfway done with the first 100 days and I was wondering how you feel the Federal Government is doing?
Neither part right now has any clout in my book right now. Both of them are hell bent on increasing the size of government and making sure that they get re-elected. As for the comment that the GOP only looks to the past in another thread, President Obama wants to bring back the new deal and follow in the steps of Lincoln. Perhaps it would be better if he got out of the way and let capitalism run its course. While the GOP did not vote in favor of the 'spending bill' they did little to stop it. Sometimes you need to step in front of the tank to keep it from destroying a village.
I love how the Government wants banks to start lending and people to start borrowing money again. Umm, excuse me but I thought that was the major thing that caused this whole mess in the first place. A congressman from Texas said that Americans need to get on the Dave Ramsey plan. That is like a fat kid telling people that they need to eat healty, while waving a Krispy Kreme in one hand and a bucket of KFC in the other. Perhaps the federal government should live on common sense, you know, spend less than you make. But lets keep track of what they make and how they make it. That would be our taxes.
How much did you pay in taxes last year? Don’t just look at your W2 statements. Think about sale tax, hotel tax, gas tax, phone tax, and all the other taxes that are behind the price of most of what we buy.
Obama campaigned on Hope and Change and it seems like the more that he does, the worse off the economy gets. Look more into the stimulus bill, I (and many others) find state tax cuts, but temporary federal money to cover it. It would be like you selling your car because your neighbor promised to drive you to work for the week…. Ummm yea, great, but what happens next week?
The DOW is at lows not seen since 1997, investor confidence is at an all time low, foreclosures continue to increase, and people continue to loose jobs. Obama touted that the CEO of Caterpillar said that he would hire people if a responsible stimulus bill was pass. Well Obama’s bill was passed and they have not hired any new people. Maybe because the stimulus bill was not responsible and maybe because it has done nothing but hurt the economy.
Furthermore, everything that the democrats seem to control goes to complete waste and now they want to control healthcare. Do you want your inner city hospitals operated the way many inner city schools are operated. Were all the money goes to the state and then gets distributed to the hospitals based on the popularity of the representative in office? Some of the best hospitals in the country are in areas that have the worst school systems.
The new tax system (as proposed currently) would eliminate church and charitable tax deductions if you make more than $250,000. A recent economic review found that charities, non-profits, and similar agencies receive more than 90% of their annual fundraising contributions from those making more than $250,000, many of whom only do it for the tax write-off. Now who is going to be more hurt by this provision in the tax change… those making $250,000 or those charities and non-profits that depend on those contributions.
Overall, I can not think of one good thing that the Federal Government has done in the past 44+ days, and from what I see, it will not change.
How do you think the first 50 days have gone.