There are actually people in America who will attempt to Vote themselves out of a Job in a week and a half if they Vote for Barack Obama. Between Obama's Disastrous Tax Plan which will destroy small businesses, the fairness doctrine, his opposition to free trade, his desire to tax the US out of the global market and of course his Health Care Plan. I'd like you to name one industry that can survive this guy's plan...
Small Business is the back bone of our economy comprised of Restaurants, Stores, publications, and all the other categories you can find in the yellow pages. Obama's tax plan would raise taxes on 85% of Small Businesses. That additional tax will cause many to shut their doors completely. Others will be forced to reduce staff or benefits. Obama also promises to penalize those who don't offer health insurance to their employees, yet another incentive to Small Business owners to pull down their shingle. Considering that in some of the previous years Small Business was responsible for 100% of the jobs added to the economy, I'm thinking this won't be good for anyone. I am not alone, Small Business Associations across America including the one here in Virginia are endorsing John McCain.
In addition to those who own or work for a small business, there are whole industries that rely on small businesses as customers. As small businesses cut back on expenses, those who sell to Small Business owners will also feel the effect. From the office supply rep, to the advertising rep, to cleaning crew, who ever works for the SB owners will be feeling the pinch too.
Take a look at how one small business owner breaks it down. He does a much better job with the numbers than I can....
Who could possibly think a 20% tax increase won't kill small businesses?
Large Corporations will also have to make cut backs due to increased tax rate, causing more people to lose their jobs. Lots of big companies sell goods and services to smaller companies, so it's a vicious cycle. Obama's opposition to free trade at the behest of the Unions will cause Americans to lose jobs as companies move over seas to avoid higher US tariffs and taxes. American companies will have no incentive to remain here when they are offered tax breaks in other nations competing in the global market.
The Democrats have already gone on record that they will re-enact the "Fairness Doctrine" which in addition to suppressing freedom of speech, also destroys the Talk Radio medium. One of the more profitable mediums in advertising. Think of all the people that work behind the scenes of a Rush Limbaugh, Glenn Beck or a Sean Hannity radio show, not to mention all those local talk shows, how many of those people would lose their job? Obama doesn't care, he just wants the opposition to be silenced.
Obama's "No Tax Hike left Behind" as Deroy Murcoch wrote in his column yesterday, will inevitably cost jobs, yet he continues to insist he'll be cutting taxes for 95% of Americans. I think I've figured out how, 40% of Americans already don't pay taxes, and the rest them won't have jobs when he's done, so they won't pay taxes anymore either. Makes sense now. No job,no taxes.
I found this video and it explains Obama's Plan in a way that is both entertaining and informative....Enjoy!
Why anyone would be willing to Vote themselves or their neighbor Out of a Job is beyond my comprehension. But that is exactly what people who are Voting for Barack Obama are trying to do. I hope they realize before it's too late, Elections have Consequences.