Thursday, November 1, 2012


Saw coverage of one of President Obama's campaign speeches today on HLN.  During the speech he received a round of applause when he compared his plan for our economy to former President Clinton.  While I think it highly questionable that Clinton's economic policies had anything to do with the budget surplus during his administration, there is one thing I know for sure about that time.  When President Clinton was elected, he passed one of the largest tax increases in history and made it retroactive to the beginning of the year.  Did he ask the rich to "pay a little bit" more, like President Obama says in his campaign commercials?  Undoubtedly.  However, as someone who lived and worked through those years, I know from first hand experience that my personal income taxes increased dramatically during Clinton's years in office, while my income did not.  In fact, there is no doubt in my mind that I would be considered among the "working poor" and yet I was faced with higher taxes and less take home pay.  

So if President Obama wants to compare himself to Bill Clinton, then I'm afraid I'll be saying NO THANK YOU on election day.  And by the way, wasn't it during this administration that government bailouts, with taxpayers money, helped rich bankers pay themselves obscene bonuses, while the rest of the nation suffered through the "Great Recession"?  I didn't hear any mention of that in his commercials about all that he's accomplished during his first term.  In all fairness, I think he probably should have mentioned that as well.

All this leads me to question who the President is really asking to "pay a little bit more"?

No comments: