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Mar 11th
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Cognitive Dissonance

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As I was on the L this morning coming into my office and half the people on the train were staring at me because Enrique Iglesias, "Bailamos" was aggressively emanating from my iPod, I realized that this was the exact phrase I was looking for. Roughly defined, cognitive dissonance refers to the psychological state of mind that results from simultaneously holding conflicting or incompatible attitudes or beliefs towards a particular topic. What's the point in bringing up this seldom used bastion of American nomenclature? Because of the fact that so many people across this great nation right now have this exact feeling towards their decision to vote for President Obama.

Look at the latest Presidential approval poll. At the time this poll began tracking the President's approval rating, somewhere around 12% of those polled disapproved of what he was doing. In six short weeks, that number grew to 26%.

That's a big shift in a very short period of time. Why? Is he doing anything different than expected? Is he shying away from what he promised during the campaign season? The answer to both questions, my friends, is no; he is doing exactly what he said he was going to do. Hidden beyond all his rhetoric, and tucked away at the heels of his charming demeanor, people are realizing the consequences a capitalist society must deal with when it is led by the ideals of a far-left politician. I can almost hear a collective "Oh, shit….what did we do" coming from family rooms all across the country. You see ladies and gentleman, people were so fixated on the phenomenon that was Presidential Candidate Barack Obama, they chose to ignore the actual meat and potatoes of the liberal policies he stood for. He promised a message of "change." Little did America know, the change he was planning to make was to drive unemployment higher and pass an egregious government spending package that he was able to so cleverly pass off as a "stimulus bill." Exclaiming a message of gloom and doom just weeks ago and then coming out last Tuesday to tell the American public that they should buy stocks? Come on, I have heard of people changing their political stance before, but I haven't seen flip-flopping like that since Kerri Strug in the '96 Olympics (Come on, that joke is so terrible you can't help but laugh).

Unfortunately for us, it's only going to get worse. The President has put into motion another set of his campaign promises that will further deepen this recession and hurt the people who have kept this economy above water. Thanks to my boy Dick Morris, I have been able to discover the following:

1) Not only does our President plan to hike income taxes on the most wealthly 2-3% of our nation, nor is he just raising the top bracket to 39.6%, but he is disallowing about one-third of top earner's deductions; whether for state or local taxes, charitable contributions, or mortgage interest. This will have an approximate effective hike in the taxes paid by this population by an average of about 20%.

2) President Obama is raising the capital gains tax rate to 20%. That's just brilliant. I am beginning to wonder whether his top economic advisor is Corky from "Life Goes On" or Gilbert Grape. After telling people they need to get back in the stock market, he casually let them know that they will now face a greater tax burden for the risk they are taking. That's ok though, he said cool things like "Yes we can" and "Ba-rock the vote!!"

Dramatically increasing taxes for the upper class and raising the capital gains tax sounded like a good idea when Mr. Obama began talking about this during the election, didn't it? What the majority of the American people who weren't upper class didn't realize during the election cycle was the effect these policies would have on the overall economic structure of this country. Let me drop some knowledge on you; the people in this country who make over $200,000 pay almost 60% of America's income taxes and account for one-third of its total disposable income. If the amount of taxes they have to pay (while already extremely high) increases even more, what do you think is going to happen? Exactly……they are going to stop investing and they are going to stop spending. By having the wealthy citizens of a country stop spending their capital, the government has accomplished the exact OPPOSITE of economic stimulation.

For anyone out there who thinks they are a baseball fan but didn't watch either of the Team USA World Baseball Classic games this weekend; you are a complete and utter fool. If you want to believe the players out there on our squad do not take this seriously, you are sadly mistaken. Anyone who watched the USA vs. Canada game on saw exactly how much energy and passion the team has right now; as evidence by the ferocious man-hug between Brian McCann and JJ Putz after the final out. If you haven't gotten on board the WBC bandwagon yet, I highly encourage you to do so. Send me your emails.

Blue Horseshoe loves Anacot Steel.

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