Obama vs. business & jobs

Even The New York Times now is saying that Barack Obama's unswerving call for tax increases -- to impose more "fairness" -- is the wrong prescription for the current crisis in the U.S. economy.

With the U.S. in the midst of a financial meltdown, The Times recognized that Obama's proposed tax hikes would only push the U.S. economy into a deeper hole:

"Mr. Obama has said that he would raise taxes on the wealthy, starting next year, to help restore fairness to the tax code and to pay for his spending plans. With the economy tanking, however, it's hard to imagine how he could prudently do that...

All told, Obama's flawed economic plan is a direct threat to employers and employees, especially in small business, the sector of the U.S. economy that currently creates nearly three-quarters of all net new jobs, produces 28 percent of the nation's exported goods and employs 51 percent of the private sector work force...

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