A few months into the Obama/Pelosi reign there are two demographic groups that should have significant regrets about their votes. The first group is the 18-30 year old voters. Obama won the under 30 vote by 34 points. The young voters that I spoke to during the campaign were completely enamored by Barrack and were totally brainwashed by the media that Bush was a failed president. The vast majority had no clue about his policies and fewer about how his policies would negatively effect their futures.
It is clear that with Obama/Pelosi administration spending is reaching a level never before seen. Trillions of dollars are being spent and commitments being made. This is even before including health care reform which is guaranteed to be a major source of spending. The money to pay for this spending spree can only come from two sources, either raising taxes or borrowing the funds. By borrowing , bonds are being sold predominantly to the Chinese which will have to be paid back over decades. By spending now what will need to be paid for by future generations is basically robbing from our children and grandchildren. The 18-30 crowd will be paying off Obama's debts for almost their entire working career. I wonder if they knew or now know that Obama/Pelosi are spending their future earnings.
Otherwise, taxes can be raised to pay for this historic spending spree. Obama has already indicated his intention to raise taxes on those making over 200k. He says he will only raise taxes to the level they were during the Clinton years but to pay for this degree of spending, taxes will have to be raised substantially more. This degree of confiscatory taxation will significantly inhibit people from trying to exceed 200k of income. Why would someone take unnecessary risks, endure long periods of training, or work extra hard if the government will penalize you by excessive taxation over 200k of income. Young people will be facing a future where their upside is limited. They will be essentially capped at a certain level and any dream to reach above that level will be deemed not to be worth the effort. A very sad prognostication for our youth and for the future of this country. But regretfully, this is what they voted for.
The other demographic group that should be or will be regretting their support of Obama is the Jews. It is astonishing to me that after the Bush administration was such an unwavering backer of Israel, that the Jews overwhelmingly backed Obama. 78% went to Obama versus 21% for Mccain. This is not understandable to me. Why will my coreligionists, the Jews, not support the republicans who have demonstrated such tremendous loyalty. Instead they support the dems who fail to use the words Islamic terrorism. The leftists dems are filled with the blame Israel first crowd. They believe Israel is the obstacle and the Pals just want their independence and are willing to live in peace and harmony. Truly enigmatic.
As time passes, it seems clearer that Obama is going to try to pressure Israel into unilateral concessions. He views Israel as the obstacle to peace and makes no demands on the Pals. He demands a halt to all Jewish construction in the West bank, including natural growth, in the naive opinion that this is what is preventing peace. Obama and Netanyahu do not share the same vision of the middle east and this will continue to fray the relationship between the U.S. and Israel. Regretfully, support of Israel will diminish.
Hopefully, these two demographic groups realize they made some serious mistakes. Hopefully, they will try to correct these mistakes in the midterm elections. Hopefully, these corrections will happen before its too late.
It is clear that with Obama/Pelosi administration spending is reaching a level never before seen. Trillions of dollars are being spent and commitments being made. This is even before including health care reform which is guaranteed to be a major source of spending. The money to pay for this spending spree can only come from two sources, either raising taxes or borrowing the funds. By borrowing , bonds are being sold predominantly to the Chinese which will have to be paid back over decades. By spending now what will need to be paid for by future generations is basically robbing from our children and grandchildren. The 18-30 crowd will be paying off Obama's debts for almost their entire working career. I wonder if they knew or now know that Obama/Pelosi are spending their future earnings.
Otherwise, taxes can be raised to pay for this historic spending spree. Obama has already indicated his intention to raise taxes on those making over 200k. He says he will only raise taxes to the level they were during the Clinton years but to pay for this degree of spending, taxes will have to be raised substantially more. This degree of confiscatory taxation will significantly inhibit people from trying to exceed 200k of income. Why would someone take unnecessary risks, endure long periods of training, or work extra hard if the government will penalize you by excessive taxation over 200k of income. Young people will be facing a future where their upside is limited. They will be essentially capped at a certain level and any dream to reach above that level will be deemed not to be worth the effort. A very sad prognostication for our youth and for the future of this country. But regretfully, this is what they voted for.
The other demographic group that should be or will be regretting their support of Obama is the Jews. It is astonishing to me that after the Bush administration was such an unwavering backer of Israel, that the Jews overwhelmingly backed Obama. 78% went to Obama versus 21% for Mccain. This is not understandable to me. Why will my coreligionists, the Jews, not support the republicans who have demonstrated such tremendous loyalty. Instead they support the dems who fail to use the words Islamic terrorism. The leftists dems are filled with the blame Israel first crowd. They believe Israel is the obstacle and the Pals just want their independence and are willing to live in peace and harmony. Truly enigmatic.
As time passes, it seems clearer that Obama is going to try to pressure Israel into unilateral concessions. He views Israel as the obstacle to peace and makes no demands on the Pals. He demands a halt to all Jewish construction in the West bank, including natural growth, in the naive opinion that this is what is preventing peace. Obama and Netanyahu do not share the same vision of the middle east and this will continue to fray the relationship between the U.S. and Israel. Regretfully, support of Israel will diminish.
Hopefully, these two demographic groups realize they made some serious mistakes. Hopefully, they will try to correct these mistakes in the midterm elections. Hopefully, these corrections will happen before its too late.
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