Can we play a simple game of connect-the-dots here? Really … I promise not to tax your minds too heavily this early on a Monday. Here come the dots:
- For the economy to improve we need jobs. We need more people working, producing wealth and paying taxes.
- Over 50% of all private sector jobs are with small businesses.
- Over 80% of all new jobs are created by small businesses.
- Small businesses report their income on someone’s personal income tax return.
- A successful small business will report income of over $250,000 a year.
- Obama wants to raise taxes on all people reporting over $250,000 in income.
- Final dot: Obama is insisting on raising taxes on the very people we are depending on to create jobs and lead us to economic growth.
Now if you connect those dots you will see that they point straight down … and that’s not the way we want our economy to go.
Here’s a little factoid about our unemployment levels. The recession began 38 months ago. In all previous recessions since WWII employment has risen by an average of 3.7% over that 38-month period; that’s 3.7% above the employment level at the beginning of the recession. Under Obama employment is now 5% below what it was at the start of the recession. That’s a swing of almost 9%. But remember — it’s all Bush’s fault, and if it’s not Bush’s fault it’s because of the weather and gas prices. And of course Obama’s moves to pretty much halt all exploration and expanded production on domestic oil sources hasn’t had a thing to do with gas prices.