Thursday, October 29, 2009

Domestic Axis of Evil

There is a domestic axis of evil which - although they have
sworn to support and defend the Constitution - does everything
to destroy it. It is Barack Hussein Obama, Nancy Pelosi, and
Harry Reid. They are supported by over 30 unapproved czars.
Banks are asked to send 3 years of increased premiums to the
FDIC. The premiums are based on assets - not deposits! In
case you have forgotten, FDIC is the Federal DEPOSIT Insurance
Corporation. Premiums were initially increased to raise the
insured limit from $100,000 to $250,000. Was this for the
middle class?
Small businesses will be forced to provide health care to their
employees on top of the Federal mandate to increase wages. If
the small business makes a profit, then they will have to pay
a surcharge (a tax by any other name). They will defer hiring.
The skewed business cycle will insure that the pain continues!

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