Dr. Elliott summarizes a Wall Street Journal article, but adds his own twist of reality to it. The fact that Obama wants to extend the Bush tax cuts to everyone making less than $250,000 makes people think they will be paying less in taxes. PURE HOGWASH! The 0.9% Obamacare addition to the 2.9% Medicare tax is a 31% INCREASE IN TAX! Capital Gains taxes are being raised 58.6%, dividends taxes are being raised 300%–NO JOKE! This will stifle investment, be the foundation for huge stock market losses, amplify unemployment, and raise taxes for just about EVERYONE! The disinformation, misinformation, lies, and deceit need to stop. The tax cuts NEED to be extended in this recession. Who raises taxes in a recession anyways??? That makes no economic sense, and it lacks common sense period!