We're not in Kansas anymore

Well, it just does not get better.The prez rolls out a budget plan and has a health care symposium and the market tanks further. It is hard for the private sector capitalists to think that they have a future when the government is planning to take over health care. It is hard for the private sector capitalists to infuse money into any manufacturing businesses when the cap-and-trade is proposed that will effectively tax these manufacturing operations. It is hard for the private sector to invest in banks when the government continues to take them over rather than work with the industry to remove bad assets that continue to drag the banks down.

I found out yesterday that the big "middle class tax cut" will be paid for with money from the carbon cap-and-trade program. Interestingly, if we implement cap-and-trade, that is effectively a tax on business. That tax will be passed on to consumers (otherwise the companies do not make profits, which is why they exist). It turns out that the amount of the "tax cut" for the "middle class" is only 80% of the amount of dollars that the cap-and-trade tax will consist of. If all of the manufacturing tax is passed on to consumers, there is a net increase in taxes on the middle class. What a deal.

Socialism. Gateway to mediocrity. Regulated, free markets can give solutions. Tax cuts will spur development. One man and his team of lackeys doesn't have a chance.