Wednesday, February 10, 2010

Obama's State of the Union Address

Obama’s state of the union address was rather long and he tried to justify his programs and himself. But it was not very well received especially by the republicans. He again made A lot of promises that he may not be able to keep. I think his intentions are good and some of his ideas are good if he could get them passed. He has been working on creating new jobs but so far his ideas have cost A lot of money and have not produced very good results. Now he is planing to give the low income people tax breaks. That may be good for the people that have jobs and can pay taxes but for the people that have no jobs and no money to pay taxes it is not going to do them any good. And I am sure it would not create any jobs. He has suggested A tax break for small companies .That is good if it keeps the companies in business because companies are what create jobs and people that have jobs pay taxes. We are going to have to raise taxes some where if we are ever going to pay off the national debt and the people that have the money are going to have to do it and they have no intention of doing that. We are just going to have to put some people into office that are willing to raise the taxes on the super rich people that are taking all the money out of our economy to increase their own bank accounts. Our present tax system is creating A class of multi millionaires and billionaires at the expense of the general public. I would estimate ten percent of the people in this country are holding at least ninety percent of the money. We need to get some of that money back into circulation where it will help the general public and the country. One good idea Obama had was to let the bush tax cuts for the people making over two hundred fifty thousand expire. But of course he probably wont get that done because the people with the money wont let that happen if they can help it. My opinion by John Zilverberg

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