Home > Economics & Money > Obama Lies… No Taxes Pledge & GM Trickery Exposed

Obama Lies… No Taxes Pledge & GM Trickery Exposed

Another prediction comes true – Obama does in fact intend to levy European-style VAT taxes upon Americans, saying he “is open” to the idea.  He wont admit this yet, but in due time he will accept this inevitable conclusion after giving the appearance of having explored all other options to cover his political backside.

Mark my words.

As I have written before in another blog entry, this European-style tax will add taxes to every step of production resulting in approximately $8 for every $20 spent on goods.  And this MAY NOT even include state and local sales taxes. 

So, that $20 DVD you’ve been wanting will cost you $28 dollars if Obama has his way.  This gives Obama and his Democrat do-gooders tons of cash to continue spending America into oblivion, which in turn will crush the American consumer and further erode our economy.

In other news, GOVERMENT MOTORS and the Obama Administration tried to pull a fast one on taxpayers today!  In a letter to the Securities and Exchange Commission, Senator Grassley said, “The bottom line seems to be that the TARP loans were ‘repaid’ with other TARP funds in a Treasury escrow account.  The TARP loans were not repaid from money GM is earning selling cars, as GM and the administration have claimed in their speeches, press releases and television commercials.”   Read more HERE.

The truth?  Obama and GM are lying.

Folks, it’s time to get serious about our future and and finally come to grips with what it means to constantly elect “progressive” (i.e. leftist) Democrats and corrupted RINO’s to represent us, The People.  It means we pay, they play and America becomes a little bit less than it was the year earlier.

Kick the bums out!

See you on the battlefield.

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