GAS HITS $9.00 A GALLON IN BRITAIN, IS THIS AMERICAS FUTURE BECAUSE OF OBAMA SPENDING
Great Britain hit a milestone as gas prices reached $9.00 a gallon. The price is not because of a shortage of oil on the world market or because the Brits are consuming an excessive amount of oil. The cause is simple socialist mathematics. A perfect storm of rising wholesale costs, the weak pound and more Government tax hikes will propel fuel costs even higher.
Does this sound familiar ? The Obama administration and Democrats in Congress have steadily been following a very similar economic practice as the Brits. Excessive government spending has weakened the US dollar to its lowest state in decades. The weakened dollar is causing inflationary rises in wholesale costs and as a result gas prices are going UP in The United States at a time when there is almost a glut of oil available not only here but throughout the world.
The price of a barrel of oil is based on the US dollar and as the dollar continues to weaken due to the deficit, excessive spending and increased debt as Obama expands government, oil will continue to rise and so will our gas prices.
Another factor in the Brits $9.00 a gallon at the pump are steadily increasing tax hikes across the board to pay for excessive government spending and an out of control health care system which is similar to the recently passed Obamacare. The increased taxes have caused prices to rise on goods, services and yes gasoline and the Brits are paying the price of socialism. Are we heading down this same path under the Marxist Barack Obama ?
Under the current spending policy of Obama and the Democrats deficits will continue to rise, the debt will follow suit and next year the Bush tax cuts will expire raising the tax rate by 30%. Additionally the recently passed Obamacare has so many embedded taxes which affect business, individuals and especially large corporations that inflationary prices will continue to rise in order to pay for the excessive taxation.
What Democrats have NEVER understood is that a business DOES NOT pay taxes. Yes the tax bill comes to the business and the check to pay for the taxes is written from the business whether a large corporation or small business. But the cost of the tax is passed on through higher prices on goods and services to everyone who uses the service or purchases goods and we the people actually pay for business taxation including Obama increases.
Once again November becomes all the more important to stop this out of control spending, deficits and debt brought on by Obama and Democrats. This is not and has not been for well over a year an, "inherited," problem, but one that is caused by and belongs solely to Barack Obama and his radical agenda. Unless we shake up the balance of power with strong conservative fiscal responsibility in the November elections, we will follow in lock step with the Brits and a gallon of gas will cost American $9.00 and much more!
Ken Taylor
Does this sound familiar ? The Obama administration and Democrats in Congress have steadily been following a very similar economic practice as the Brits. Excessive government spending has weakened the US dollar to its lowest state in decades. The weakened dollar is causing inflationary rises in wholesale costs and as a result gas prices are going UP in The United States at a time when there is almost a glut of oil available not only here but throughout the world.
The price of a barrel of oil is based on the US dollar and as the dollar continues to weaken due to the deficit, excessive spending and increased debt as Obama expands government, oil will continue to rise and so will our gas prices.
Another factor in the Brits $9.00 a gallon at the pump are steadily increasing tax hikes across the board to pay for excessive government spending and an out of control health care system which is similar to the recently passed Obamacare. The increased taxes have caused prices to rise on goods, services and yes gasoline and the Brits are paying the price of socialism. Are we heading down this same path under the Marxist Barack Obama ?
Under the current spending policy of Obama and the Democrats deficits will continue to rise, the debt will follow suit and next year the Bush tax cuts will expire raising the tax rate by 30%. Additionally the recently passed Obamacare has so many embedded taxes which affect business, individuals and especially large corporations that inflationary prices will continue to rise in order to pay for the excessive taxation.
What Democrats have NEVER understood is that a business DOES NOT pay taxes. Yes the tax bill comes to the business and the check to pay for the taxes is written from the business whether a large corporation or small business. But the cost of the tax is passed on through higher prices on goods and services to everyone who uses the service or purchases goods and we the people actually pay for business taxation including Obama increases.
Once again November becomes all the more important to stop this out of control spending, deficits and debt brought on by Obama and Democrats. This is not and has not been for well over a year an, "inherited," problem, but one that is caused by and belongs solely to Barack Obama and his radical agenda. Unless we shake up the balance of power with strong conservative fiscal responsibility in the November elections, we will follow in lock step with the Brits and a gallon of gas will cost American $9.00 and much more!
Ken Taylor
posted by The Liberal Lie The Conservative Truth | 12:08 AM
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