Obama’s War on the “Wealthy”- Or as I Call Them, Job Producers

President Obama held a press conference yesterday and espoused the virtues of Parties working together for the good of America. But what he says and what he does are two entirely separate things. Obama and, indeed, the rest of the Democratic Party have become very skilled at painting the narrative that Republicans are holding up economic recovery. In truth, as bad as things are, the Republicans are the only reason we have not seen crushing economic catastrophe (yet).

President Obama stated,

“Right now our economy is still recovering from a very deep and damaging crisis, so our top priority has to be jobs and growth. We’ve got to build on the progress that we’ve made because this nation succeeds when we’ve got a growing, thriving middle class. And that’s the idea at the core of the plan that I talked about on the campaign trail over the last year — rewarding manufacturers and small businesses that create jobs here, not overseas; providing more Americans the chance to learn the skills that businesses are looking for right now; keeping this country at the forefront of research, technology and clean energy; putting people back to work rebuilding our roads, our bridges and our schools; and reducing our deficit in a balanced and responsible way…

As I’ve said before, I’m open to compromise and I’m open to new ideas. And I’ve been encouraged over the past week to hear Republican after Republican agree for the need for more revenue from the wealthiest Americans as part of our arithmetic if we’re going to be serious about reducing the deficit…

We should not hold the middle class hostage while we debate tax cuts for the wealthy. We should at least do what we agree on, and that’s to keep middle-class taxes lower.”

Obama sure does say all the right things, but in practice, advocates none of it. He began the press conference by claiming that the solution to our economic crisis is to reward manufacturers and small businesses. I agree. However, in what way has he done this? Industry regulation is entirely too stifling and Obamacare is going to add crippling taxes to thousands of businesses, forcing businesses into the red and forcing countless workforce alterations that will adversely affect wage earners who comprise the middle class. Obamacare has become Obamatax. If Obama wants to reward small businesses and manufacturers, maybe he should take the boot off their neck.

Later, Obama claimed he’s open to compromise. With the next sentence, he discusses his encouraged outlook at the gutless Republicans who have abandoned their fiscal sanity to acquiesce to Democrats’ demands that the rich “pay a little more.” I have said it before and I will say it again, President Obama is thoroughly uninterested in compromise, he’s only interested in winning the argument.

Finally, he began to wrap up the press conference by simplifying the issue. This is not an issue that holds the middle class hostage while we debate tax cuts for the wealthy, this is an issue that deals with long-term fiscal solvency. The “wealthy” in this equation are the moderate-sized businesses and business owners that have the greatest opportunity for expansion and growth. Knee-capping them for short-term gains on revenue will help the middle class in the short-term, but will cost America middle class jobs. Giving the moderate-sized businesses chances at expansion creates opportunities for the middle class and creates revenue for government. However, on the most superficial of levels, it sounds better for the social engineer to tout his plan as being a battle against those who wish to protect rich fat-cats.

As we head towards this fiscal cliff, we must keep the endgame in mind. It is not a compromise to give the Democrats what they want in exchange for them to stop calling us names. Furthermore, we must keep the long-term goal of economic recovery in mind and maintain the tax cuts for the job producers in society.

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