You can avoid reality for only so long, then it comes rushing back and smacks you right in the face. I think Mr. Obama’s face is smarting right now. Mr. Obama has recently been reaquainted with reality. The super rich just don’t have enough money to rob. So, who can you rob, Mr. Obama? Ah yes, that is the dilemma, isn’t it? That is the problem with political rhetoric. It sometimes comes back a kicks you square in the butt.
In 2008, Obama campaigned on a message of tax the rich and take care Joe Plumber. The “rich” came to be defined as those making over $250,000 per year. However, the reality is finally sinking in that there is no way that taxing the rich can even come close to paying for all of Obama’s programs. There just isn’t enough money in the over $250,000 demographic. Where is there enough money? According to this Wall Street Journal article, Obama would have to go after the over $100,000 per year demographic.
Do the Joe Plumbers of America that got Obama elected in 2008 make over $100,000? Maybe not. But, Joe and his wife together often do make over $100,000. So, what are you going to do, Mr. Obama? Let’s see what the WSJ article has to say:
In the New Republic, the Brookings Institution’s William Galston zeroes in on the fuzzy math. “Unless Obama is prepared to tolerate huge deficits indefinitely,” he writes, “or to emulate arch-conservatives and curb the budget deficit with spending cuts only, he will have to break his unsustainable tax pledge at some point. The only question is when.”
Then, referring to the demographic group earning between $ 100,000 and $ 200,000, we find this:
The political problem is that this is a block that went Republican by 56% to 43% in 2010.
“The President’s political advisers are keenly aware of the fact that Democrats need to improve their performance with these voters or face defeat in 2012,” Mr. Salam writes. “This helps explain the profound irrationality of the Obama administration’s approach to key public-policy questions.” By irrationality, he means what Mr. Galston means: the split between what the president needs to do economically to fund his programs and what he did politically to get himself elected.
So what are you going to do, big boy? Are you going to go after Joe Plumber with higher taxes? Do you think that would get you re-elected? Or do you need to scale back your programs to reduce spending? Or maybe you could convince the American people that we just need to borrow a whole lot more money? Hmmmm. Being President is just a little tougher than being a community organizer, isn’t it? No matter where you hide, Mr. President, reality will find you.
Mr. Obama is not the only one faced with a reality check. The American voter has to face that very same reality as point out by the WSJ article:
So here’s the question for 2012: If we the people don’t want the higher taxes that are needed to support not only ObamaCare but a growing federal government, are we willing to support the real cuts that go along with that choice? And if we decide we don’t want these programs touched, will we accept the higher taxes that go along with keeping them, including for people making a lot less than $250,000?
The 2012 elections are shaping-up to be a real slug fest. All I can say is : LET’ GET IT ON!
What do you think?