I’m a small businessman. I was flush with cash during the Clinton years. Eight years of Bush has almost ruined me. Did I mention that I live in New Orleans?…thanks for your Katrina response to nowhere, Bush.
I have 3 great stores that could easily produce 1.3 million dollars in revenues during the type of economy we enjoyed during Bill Clinton’s administration. For my net, adjusted, taxable income to rise above $250 thousand, I would need to be operating in the consumer driven economic expansion, the largest in 35 years, that we saw with Clinton in office. He also reduced the welfare rolls, the number of abortions, and the wealth of America’s largest sector; the middle-class. He exercised fiscal responsibility which left us with a healthy surplus. During that economic expansion, the country saw a significant increase in jobs, and a major increase in tax revenues because more people were working. Real wages increased and so the middle-class became more wealthy. During the last eight yeas, around a million Americans a year fell into poverty. This was due to a loss of jobs, which offset job growth during that period to dismally low numbers. (New jobs were added, but lay-offs and downsizing was too great). And I’m talking about the working poor, not the “lazy” people that Republicans (who are intellectually lazy) are always talking about.
I would love to help spread the wealth. If Obama wins this election, he will cut taxes for 95% of us, while allowing the tax breaks to the very rich, given under the Bush administration, to expire. I know i will pay less taxes under Obama, and will be able to once again afford health insurance. if his public works programs are implemented, they will help rebuild our infrastructure and produce a new, green energy sector while producing new jobs and encouraging innovation and competition. If my revenues go back to where they were headed under Clinton, then I will hire more people, perhaps open more stores, and gladly pay another 3% for the privilege of living in an intelligently run and prosperous country, once again.
