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During the summer Obama said if anyone puts forth any legislation that attempts to stop Sequestration he will veto. Now he is playing Drama Obama and by the way if it happens the world will come to an end. Don't believe it... watch the video... straight out of his mouth.
Obama raised taxes on everyone. No need to defend that yours was a payroll tax. It was a tax increase and you get less money to spend and more goes to the government. That is the result that matters. When you pay higher taxes and your employer has less money to hire, pay you or give you raises it hurts the economy on the very fact that there is less money circulating through the economy.
Now Ben Bernanke who has has the printing presses going full steam devaluing the money you work hard for testified to Congress yesterday that the looming spending cuts will have an adverse effect on the economy, and compromise the fragile recovery that is taking place.
So the set up is on. Obama will not (can not) take the blame. when sequestration hits, if the economy takes a hit Obama and the dems will blame it on Sequestration but not a word will be breathed about how he took money out of your pocket and devalued your dollar so your money buys less. Obama will blame it on Sequestration and the republicans.
This soap opera is so transparent that you can't help but to know what his next move is and makes the it boring to watch play out.