The American people can handle the truth about Obama’s phony jobs bill

William A. Jacobson
Legal Insurrection
9/13/2011

There is a good reason Obama did not unveal his jobs bill prior to his jobs speech.

It’s because the jobs bill is not a jobs bill, it is the tax increase Obama has been hoping for since he was a candidate, taking $400 billion from people making $200,000 or more (couples making $250,000 or more).  Had Obama released the plan, all the talk surrounding the speech would have been about the tax increase, the opposite of what the Axelplouffe message machine wanted.

What Obama misleadingly calls a jobs bill literally takes $400 billion from the demonized “top 2%” over 10 years to give to almost everyone else now, a pure redistributionist plan.  There is some revenue taken from oil companies and corporate jet owners (yes, that’s in there), but that is just political cover, a relatively small percentage of the total tax increase, as this chart shows

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