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OpEdNews Op Eds    H3'ed 3/13/09

Volunteers Needed For the War on Rich People

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     According to Republicans and their media mouthpieces, President Barack Obama has declared a war on rich people.

·       “[President Obama] is declaring war on investors,   entrepreneurs, small businesses, large corporations, and private-equity and venture-capital funds.”--Larry Kudlow, CNBC, 2/27/09

·        “Obama chose a time of recession to propose a massive increase in progressivity--a 10-year, trillion-dollar haul from the rich, already being punished by the stock market collapse and the housing market decline. [The plans are so radical,] there will not be enough wealthy people left to bleed.”--Michael Gerson (a former Bush speechwriter), The Washington Post, 3/5/09

      They are calling it a “class war” (from Media Matters, 2/27/09).

 ·        [MSNBC’s] Michelle Bernard said Barack Obama “was almost declaring class warfare” in his speech to Congress;

 ·        CNBC’s Carlos Quintanilla said, “I don’t want to call it class warfare, although that’s what it may end up being in the end, this debate over wealth redistribution”.

 ·        Politico ran an article headlined “Class warfare returns to D.C.”.

 ·        MSNBC ran a segment asking: “Is there a war against the wealthy? Do we have a class war developing?”

 ******

      What has President Obama done to start a class war and throw these pundits into such a tizzy?

      He has proposed to:

 ·        Roll back the Bush tax cuts on families making more than $250,000 per year or single filers earning more than $200,000 per year.

 ·        Raise taxes on the gas and oil companies that made record profits while Americans paid record gas prices.

 ·        Eliminate subsidies paid to private insurers in Medicare and drug companies in Medicaid, and put the savings toward healthcare reform.

 ·        Make the investor class pay the same tax rate as the working class.

      In other words, President Obama is proposing to do exactly what he said he would do--if elected President.

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Mick Youther is an American citizen, an independent voter, a veteran, a parent, a Christian, a scientist, a writer, and all-around nice guy who has been aroused from a comfortable apathy by the high crimes and misdemeanors of the Bush Administration.
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