Wednesday, January 25, 2012

OBAMANOMICS: Euro Fears Send a Shiver Through Davos Revelry - WSJ.com

Euro Fears Send a Shiver Through Davos Revelry - WSJ.com

Perhaps the US is like the family that increases their lifestyle by living on their credit cards (US government borrowing) and hasn't a clue there is a downside.

Just ask yourself in his speech yesterday, did Obama talk about asking the 50%+ of people in the US who pay no income tax to start paying? Nor, did he mention the percent of all taxes paid by top income earners vs. historical averages?

He's not encouraging or supporting training Americans to learn how to participate in the economy with new opportunities; rather, he's looking for additional sources of revenue for handouts!

Frankly, the Germans should be talking tough to Obama!

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