I don't think you saw one word in any of my posting that used the word "rich". The bottom line Chris is that when you work hard in the United States here is a difficult concept for some to swallow, its not a bad thing to realize SUCCESS for your hard work. At the same time, the so-called rich that Obama wishes to punish for their success and then re-distribute their incomes to people who don't pay taxes are the very same people who pay most of the taxes in the first place. All these Obama supporters think that this impending "middle class" tax cut is going to be a great thing. You want to know whats going to happen during an economic downturn when you raise taxes on 80% of the tax payers and raise the corporate tax rate during this kind of situation. One, you will have a rise in "inflation" costs of goods will rise such as food, transportation, home heating, etc. Two, companies will reduce overhead to adjust for the new tax rate by laying off employee's, causing a rise in unemployment and even more people looking to the governement for assistance. Three, in a further effort to reduce costs, companies will seek cheaper alternatives in offshore labor i.e. outsourcing. You want to see a real display of this Chris, when Obama implements his "windfall profits" tax on oil go to the gas station that very same day or the next and see what the price of your fuel is the next day. That tax YOU will be paying not the oil companies. So lets look at it this way, you have a gigantic budget deficit, and have recently added over a trillion dollars in numerous "bailouts" and then you add another trillion in new spending on top of that for social programs, and then you raise taxes on 80% of the tax base to help pay for the social programs then turn around and give back a tax break to the other 100 million who pay little or no taxes. You have not reduced the deficit, or spending, you have added to it in multiple ways. It's as plain as day.
Sorry, after Reagan and Bush created 90% of the National Debt by reducing taxes on the rich, I don't trust Republican presidents with my money. Clinton balanced the budget by cutting the incredibly bloated defense budget. Defense is the biggest welfare queen there is.