President Obama is employing more scare tactics than his economy is people.
The latest is that Gov. Romney's fiscal plan would mean a tax increase for the Middle Class of up to $2000/household/year. This is patently false of course. Romney neither proposes nor supports any such increase. It is a complete fabrication. But as President Obama said himself in 2008, "When you don't have a record to run on you paint your opponent as someone to run from." A prophetic statement.
He also promised he wouldn't raise taxes on anyone making under $250K/year. (He has directly broken that promise with the taxes to pay for Obamacare.) He made that promise, obviously, because people don't like paying taxes. (They only like other people to pay taxes) I believe he has also indirectly broken that promise. I call it the Economy Tax.
Since Pres. Obama took office median household income has dropped over $4,000/year. Before you utter the name Bush here, understand that it has dropped EVERY YEAR since he took office. In addition to that the cost of living has increased rapidly. Any of you that go grocery shopping or use gasoline are painfully aware of this. (Interesting that when calculating inflation the government excludes fuel and food: the two most necessary items) As a result of higher fuel costs, the devaluation of the Dollar due to unrestrained printing of money, and increasingly burdensome regulation on businesses, we will continue to see prices of everything that we need go through the roof. These expenses effect our families just as adversely as does any direct taxation, yet the administration responsible for it largely escapes scrutiny.
Suddenly a $2,000/year tax increase, especially a fictitious one, doesn't seem so scary.
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