Calling A Spade, A Spade
WSJ: Obama running out of people to blame.
Santelli: “Are you listening Mr. President?”
Cramer: “Greatest wealth destruction by a President”
Kudlow: Obama “declaring war on investors, entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds”.
Tim Geithner faced congress today, it was and endless and painful dance around questions. The answers all sounded the same: “95% of Americans, 97% of Americans, We have to do something, We must act”. At one point Geithner said that irresponsible government spending got us into this, and two minutes later he said we needed to spend $7 Trillion dollars. He never directly answered the question from a California Congressman “Where will this money come from?” The Congressman had to ask him a second time, and still no direct response from Tim.
I can tell you where it will come from. Your pocket. It doesn’t matter if you make $250,000.00 a year or not. If they tax carbon you will pay extra for gasoline, electricity, any food items that were shipped, any item that was manufactured. They may not raise your income taxes, but the price of everything will go up.