Obama Presidency News

President Obama

President Obama signs into law measures that hold government accountable for responsible use of taxpayer dollars and cut down on waste, fraud and abuse. July 22, 2010.

Recession, credit crisis, massive war debts, massive national debt, medicare & Social security in big trouble. And with the Recession even Big Business & the rich have less to give. Obama's universal health care program alone will be the biggest welfare program in US history.
The is no way that Obama could not tax the middle class if he wants all his new welfare programs. He has to tax them. But he sure won't tell anyone that until of course he's already in office.

He says he wants to take out loopholes>>>does anybody know what loopholes specifically? I know some rich people...they are already planning on how to move more money overseas if Obama gets elected....and planning to lay off employees. How is Obama going to make the rich do anything? They did not get rich because they are stupid. Good example is Hollywood, whom are his greatest supporters...but they are not worried about his tax hikes because they have smart accountants that transfer their money to Swiss Accounts.