I should have said he’s looking to buy off the middle class.
New York Times: President Obama will propose in his State of the Union address a package of modest initiatives intended to help middle-class families, including tax credits for child care, caps on some student loan payments and a requirement that companies let workers save automatically for retirement, senior administration officials said Sunday.
By focusing on what one White House official calls “the sandwich generation” — struggling families squeezed between sending their children to college and caring for elderly parents — Mr. Obama hopes to use his speech on Wednesday to demonstrate that he understands the economic pain of ordinary Americans. The proposals also include expanded tax credits for retirement savings and money for programs to help families care for elderly relatives.
How is a child care tax credit going to help the unemployed? If someone has no job they have no need for child care. And where is he going to come up with the money to cap student loan payments? Oh, that’s right, he’s nationalizing the student loan industry. Silly me. We’ll all be on the hook for those student loans. Lucky us.
Every time I hear him say he’s going to keep fighting for us and will focus on jobs, I cringe and wonder how much his next idea is going to cost us.
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