WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke sketched a bleak picture of the U.S. economy Tuesday — and warned it will darken further if Congress doesn't reach agreement soon to avert a budget crisis. Without an agreement, tax increases and deep spending cuts would take effect at year's end. Bernanke noted what the Congressional Budget Office has warned: A recession would occur, and 1.25 million fewer jobs would be created in 2013.
President Obama and his minions in Congress are willing to extend the Bush tax cuts one more year to avoid another recession, but only if taxes are raised on the owners of our most successful small businesses who do the most hiring in this country (also known as Americans who make more than $250,000 a year). Our president thinks success is a bad thing that needs to be punished.
The Republicans in Congress refuse to raise taxes on anyone because they understand the unemployment problem will get worse if job creators are punished with higher taxes. It's a simple concept but liberal loons don't understand.
Meanwhile, small business owners are not hiring anyone until the matter is settled.
If our president was competent he would have a long time ago demanded the Bush tax cuts be made permanent for everyone including job creators, which would have made planning and hiring decisions easier to make. Instead our president is going out of his way to make it difficult for business owners to make decisions.
Thanks Mr. President, you fucking moron.
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