Monday, March 16, 2009

Obama doubles-down, Doubles-back

The headline reads:

"Obama plans small-business lending boost"

WooHoo! In the time it took to write this post, the AP has changed it to "Obama offers more aid to small businesses"
- (Double-Plus GoodSpeak!)

...but the first line may have been the more telling part:

"The Obama administration announced Monday that the 21 largest banks receiving government money must report monthly on how much lending they do to small businesses."
All the better to find you with my dear.

Toward the bottom of the story we find one of the ways that Obama hopes to have a couple of "small businesses" around after the upcoming budget-blood-bath, so that there's someone left to pay for all of the new entitlement programs:

The plan comes amid Republican efforts to cast doubt about Obama's ambitious budget, in particular the proposal to raise taxes, starting in 2011, on individuals earning more than $200,000 and on households earning more than $250,000. Those provisions also hit small businesses.

Geithner also ordered the Internal Revenue Service to issue a series of new rules for temporary but significant tax breaks, meaning that small businesses:

-That earn up to $15 million will be allowed to claim losses for the past five years in the current tax year;

-May write off up to $250,000 in investments this year.

-Can reduce estimated tax payments to 90 percent of the previous year's filing.

-Are allowed to take larger depreciation deductions within the first year of property purchases.

-And will see 75 percent of capital gains excluded for those who invest in small businesses.

Okay,.... but...

Didn't The One base his entire campaign on class-warfare and promises of "Eat the Rich" policies?

Hasn't he and his tireless and eternal PR division
(Hey, MSM-anchors - come on up here and take a bow!) made it abundantly clear that anyone who makes upward of $250,000 annually is, in fact, among the hated "Rich" who must be punished for their success and taxed disproportionately in order to keep the money flowing to the "entitled" - in the name of 'fairness'?

So... doesn't that really mean that Geithner's orders to the IRS are.. well...

..."Tax Cuts for the Rich"?

But - what about all that "We are the ones we've been waiting for" - ?

Just askin' is all.

- MuscleDaddy

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