Tax Day Tea Party...Lessons Learned.

Obama says he gets it. He gets why a couple thousand people gathered in front of his, well actually, our house yesterday and countless more gathered across the nation. But frankly, I think Obama and his advisers have missed the whole point entirely.

In this mornings Wall Street Journal, Obama is said to have seen the calls of the constituents and decided to reform the "monstrous tax code" with one plan being so that 40% of Americans wont have to file income tax. He claims that this break will be in addition to the break that came with the stimulus bill where taxes are supposedly cut for 95% of Americans, and that should suffice the protesters across the nation.

I don't think that the people protesting though are as concerned about current taxes as they are about perceived taxes from the Socialists hefty spending agenda. In the three long months Obama has been in office, he and his cronies, Nancy Pelosi and Harry Reid, have "lent or committed $12.8 trillion dollars" to different programs. These facts are horrific and this is what has people taking to the streets. By 2019, the Congressional Budget Office estimates that Obama's spending will reach 82% of GDP. This essentially says 82% of GDP in 2019 will not go towards education, infrastructure, national defense or anything other than paying off debt. It is the fear that our future generations will have to pay this off, reducing their standard of living, reducing the possibility of their prosperity, and reducing more of the marginal people into poverty given product inflation and currency devaluation. Ultimately, to pay for all this, people will have significantly higher taxes.

This is why people took to the streets! Not because they want simplification of the tax code.

Obama claims he sympathizes with us all. But really, how can he? Yesterday it became known, because of congressional law, what the Obamas made in 2008. The Obama's 2008 tax return (read here) shows the two earning roughly $2.7 million. Are these the earnings of a man who can relate to the average person? (Just as an aside; although all SSN's would be blocked for security reasons, careful examination of the 1040 shows where Malia, Natasha and Michelle's were whited out. There are even remnants of Michelle's numbers but Barack's area is completely clear, as if there was never a SSN listed. Rather interesting!)

Obama's exuberant earnings place him over and above the ability to sympathize with an ordinary citizen. I think he lives in a mythical dream world where all is bliss. What Obama really needs to do though is come back to reality, hear the calls of the people and quit spending so much money.