Has Obama said yet how they expect to pay for this reform? I am surprised that he drew a line in the sand with the public option.
I am also surprised that during the opening of his speech he claimed that they saved the economy from the brink of colaps. Considering how our economy is, doesn't this reek of 'Mission Accomplished'?
Asked by Anonymous at 8:57 PM on Sep. 9, 2009 in Politics & Current Events
"If you don't think this will reach to the middle and lower classes, you are certainly not paying attention."
You got that right. Business owners will do lay-offs, eliminate raises and bonuses, and do what they can to reduce their expenses. Wealthy people will reduce their spending. Real estate agents won't be selling expensive houses, boat manufacturers will make less boats, services and new purchases will be reduced or put on hold. The middle class will see less income in their checks, and they will pass that on by not buying a new car, dropping the once-a-week housekeeper, and cutting their own grass.
Answer by mancosmomma at 11:44 PM on Sep. 9, 2009
Since almost every economists agrees with him, I'll side with them
Answer by Anonymous at 9:06 PM on Sep. 9, 2009
Answer by Anonymous at 9:08 PM on Sep. 9, 2009
Answer by Carpy at 9:11 PM on Sep. 9, 2009
So there will be a 9% tax increase on those making $250,000 or more, add to that the expiration of Bush Tax cuts and the federal tax obligation will be almost 40% ALONE!!! Then you have to add state and local taxes.
If you don't think this will reach to the middle and lower classes, you are certainly not paying attention. Whether it be an additional tax obligation to the lower wage earners, or if it is a heavy unemployment rate indicating that those responsible for providing jobs are naturally saving their own asses instead of having them handed to them. You can only push people so far before something has to give.
Answer by Anonymous at 9:13 PM on Sep. 9, 2009
Next question overall
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