When Obama unleashed his budget, it is very short seller’s dream. Tax productive parts of the economy to waste on government expenditures.

Obama decided to go even further than the statutory tax increases on people making $250k+ a year; he went after their deductions as well. The goal is to expand government at the expense of small business, not exactly a recipe for economic recovery.

My favorite is his decision to tax the worldwide profits of multi-nationals, even the ones made from their foreign subdivisions. This short-sighted grab at company’s profits will either help bankrupt some companies, and will push others to decide to just relocated outside of the US. All of this so he can give government employees a salary increase.

Increasing government and attacking business has been done before. It was tried in Cuba and the Soviet Union. Look where it got them.