Obama – the tax and spend liberal – lives up to his name.

http://www.advisorone.com/2011/08/02/senate-passes-debt-bill-obama-vows-taxes-on-table

While the economy falters, while confidence is down, while America’s credit rating crumbles, Obama vows to ensure recession if not depression with more taxes. I’m going after oil companies he says. Why? The government gets revenue several times over on an oil company tax, the oil company isn’t the on getting screwed. The oil company tax gets paid by the consumer (YOU) when the oil company raises prices to cover costs. Then the consumer (YOU) pay more excise taxes at the pump. In addition, farmer’s diesel goes up as do food prices for consumers (YOU), trucker’s fuel goes up as does shipping and transport prices for product to consumers (YOU), and the consumer’s (YOU AGAIN) paycheck covers that much less each week. The markets realize this, that’s one of the reasons they are dropping. So ask yourself; Is Obama the worst student of economics ever, or is ruining the economy his goal?