Barack Obama promised during the campaign that you would only pay higher taxes if you made over $250,000.
Today the United States House of Representatives voted and passed by a vote of 219-212 a massive climate change bill. This bill will tax energy producers and green house gasses. Hopefully, this bill will die in the Senate. If it does not, this country will suffer more then you can possibly imagine.
By the way, not one member of the House read this bill that is around 1200 pages long.
Now, what does this bill do? In short, this bill will increase taxes, and by extension the cost of energy for everyone in America. As the energy producers costs rise, so will your costs as an energy consumer. This is basic economics. Energy costs are factored into every product you buy. The people who championed this bill are Barack Obama, Nancy Pelosi, Steny Hoyer, and Joe Biden among many others who are too many to list here. If you voted for any of these people, then I hope you enjoy paying more for gas, electricity, and food. You have only yourself to blame. When its harder to feed your kids, don’t come crying to me. If I were you I would call the White House and ask them to cover your monthly shortfall.
After all, Barack Obama promised you would only pay higher taxes if you made over $250,000. Well, today that lie was exposed yet again with his support of this cap and tax bill. Barack Obama lied to you, and if you still do not realize that then there is no hope for you at all. Sadly, this lie was spread throughout the media during the last campaign and was never strongly challenged. People like Sarah Palin predicted it, but the media will never acknowledge that.
This is where investing comes in. If you do not understand the simple fact that you were lied to, then becoming a successful investor is virtually impossible. What gives me an edge when I invest is that I know the truth, or I am as close to the truth as anyone can be. Without the truth, getting rich through investing is nearly impossible and not much fun, unless of course you enjoy losing money.
So, we have a congress that doesn’t read a bill that will raise your cost of living and then votes for it! Do you think that is OK?
I make my living as an investor and therefore I have to be somewhat good at it or I don’t eat. I am more then ready to invest and make money off this stupidity, and I hope you are too. If not, then you have only yourself to blame if you voted for these people. Hey, I’ve made mistakes in my life and each time I suffered because of them. Maybe this is your time to learn.
We will see what happens in the Senate.
Tags: Capitalist, Economy, Government, Investing, Obama, Palin, Taxes