A great show of solid leadership was on display this week by the 44th Commander in Chief. Can we use the phrase 'Flip Flop'? With much pressure being applied by the public, business and the House of Representatives, one can only imagine how many cancer stick the president is consuming. I wonder if he orders his from the reservation?
It wasn't all that long ago when Obama the handsome young community organizer turn politician from Illinois captivated the nation by how he was able to articulate his thoughts into almost a hypnotic fashion that drew crowds as far as the eye can see, but that was a couple of years ago and those crowds have dissolved.
Not all that long ago Obama and his economic team came to the conclusion that the only way to get our nation out of money troubles is to raise the taxes of those making $150k, $200k, or $250K. I don't know because America heard three figures, but it seems now Obama has seen the light.
Within the last three days, Obama is now saying that lower taxes is the answer, which you can guess that didn't well with the Liberal Elites. I wonder what changed Obama's perspective on taxes? Ummmm, November 2, 2010.
Through this process the Republican Party has been called obstructionist, and hostage takers, now it appears the once hostage negotiator is now a hostage taker too.
In simple terms, the provider of services or goods will pass the cost to the consumer (you and me) if their cost of operation goes up. So who is hurting who? Higher taxes on the rich sounds good to the 40% of Americans that don't pay federal taxes and to those politicians or appointees that forget to pay theirs.
Will business of any size know what they'll be looking at tax wise next year? Your guess is as good as mine.