Sunday, March 1, 2009

Obama: scary, absurd, false, and misguided

As his address to the nation showed, the Obama fraud is blustering along. How will his $2,500 tax credit for college costs help anyone afford college? In the real world everyone has their hopes and dreams, including colleges and their employees. They want higher pay, longer vacations, better health care benefits, larger offices, newer furniture, and a new football stadium. Are they going to act dumb in the face of the $2,500 tax credit, or are they going to try and get all of it they can? Human nature (economics) suggests that colleges will quickly raise their tuition and fees to absorb the entire tax credit.