I remember when President Obama was campaigning in '07 & '08. He, along with his wife , encouraged everyone to strive to reach their goals, that anything is possible to be successful in this great country. Gee, I wish he would've finished his context, by saying, "and when you get successful I'm gonna raise your taxes". Has anyone told the President that if you increase taxes on corporations, they are just going to pass that increase onto the end consumer, or worse yet move their operations to China. 

Americans are smart people. We know the figure of 8.1% unemployment is totally understated. The true figure is over 14%. As the saying goes; figures don't lie, but liars can figure. 

Currently over 350,000 Americans each week file for unemployment for the first time, while this President has raised our national debt nearly $6Trillion. If you took all the money, yes I mean ALL the money from every millionaire and billionaire in the U.S.,  and gave it to our Government it wouldn't even dent our national debt of nearly $16Trillion.

Now, here's a novel idea. One from a President from the '80's; Lower corporate taxes significantly; to the point where corporations will feel secure enough to invest, expand, and hire.
Sure would put a lot of people back to work.

By the way what does the President want to do with the money he gets from increased taxes on the rich? Some say he wants to expand his entitlement programs to make sure people on welfare/unemployment/food stamps continue to get their "fair share".

As I've asked many times before...when's the last time someone on welfare/unemployment/food stamps ever created a job? Well the good news for Obama is you can bet these "fair share" entitlement people will vote for him in November.

and that's Politics with Pete for today.