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In Response to RE: Union Thugs And Their Hatred by scott4321
Obama Receives Top Liar Award from The Washington Post
Glenn Kessler’s article of 07 June 2011 is another eye opener and very worthwhile to read in its entirety. It is assuring that reporters such as Glenn Kessler are investigating Barack Obama, his actions, and his assertions.
We take no view on whether the administration’s efforts on behalf of the automobile industry were a good or bad thing; that’s a matter for the editorial pages and eventually the historians. But we are interested in the facts the president cited to make his case.
What we found is one of the most misleading collections of assertions we have seen in a short presidential speech. Virtually every claim by the president regarding the auto industry needs an asterisk, just like the fine print in that too-good-to-be-true car loan.
Glenn Kessler has previously commented on the ongoing claims of Barack Obama that he will tax “millionaires and billionaires” but will in reality extend his taxes way down into the American middle class.
Obama particularly likes to characterize more tax revenue from millionaires and billionaires as a solution to his out of control spending deficits. Obama said on Wednesday 29 June 2011,
“The tax cuts I'm proposing we get rid of are tax breaks for millionaires and billionaires, tax breaks for oil companies and hedge fund managers and corporate jet owners.”
However, Obama’s real target for his taxes is the middle class. Those making $200,000 ($250,000 for married couples) or more per year would pay much higher Federal income taxes if Obama has his way. They could no longer itemize and deduct their previously reasonable and normal deductions. Glenn Kessler of The Washington Post pointed out,
the president said he would target “millionaires and billionaires” and yet the fine print of his proposal would affect couples making more than $250,000 (and individuals making more than $200,000).