Taxing the rich is not the solution

We saw even before the election how afraid of an Obama presidency the markets were. And it has only worsened. You can't say we weren't warned. You can't just blame out right subsidies for the poor and low income, lo these many years, a gravy train Obama wants to enlarge. For many, many years partnerships of private industry, city and state governments and the federal government have been encouraged at every level, especially in construction of housing stock and rebuilding the inner core of cities. Even churches got in the game with their non-profits. So what happens when all levels are struggling? Private businesses lay off workers, the state then gets less tax revenues, runs low on unemployment funds (scraping the bottom in Ohio), the church tithes are cut back and the federal government is bailing out the banks, insurance companies and Detroit who are calling in their markers and favors. It's not unlike when a married couple both work for the same company, living well in a nice house, SUVs and big vacations, and have all their retirement assets in company stock. When the company goes belly up, there's no plan B. Mr. Obama, you can't get blood from a turnip. Time to reject all your lefty buddies and do what's right. Keep the Bush tax cuts, and cut government spending to reinvigorate the economy.