Obama Buyer's Remorse Spreading

We all know what the most overused catchphrase was in 2008: Hope and Change. It was the ridiculously vague Obama campaign slogan that seemed to resonate like a religious proverb to many Americans. Almost five years later the change is hopeless. The very same group the president captivated the most-unions and college students-are the most disenchanted. This week the IRS has announced changes to the tax rules concerning automatic tips at restaurants. In the past such tips were not treated as wages subject to withholding, it was left up to employees to report them to the IRS. The new rules will treat tip income as ordinary income subject to W2 withholding. Large restaurant chains such Darden Restaurants which operates Longhorns, Olive Garden and Red Lobster are discontinuing the practice of automatic tips.. as The lower income service workers who live on their tips between paychecks will be hurt-the same lower income workers are amongst Obama most fervent supporters.

Another groups which certainly overlaps with the previous group have also been burned: Black college students. The department of education has changed the credit eligibility rules which determines who qualifies for student loans. As a result many students at historically black colleges do not qualify for federal aid. Again, this group is made up young black students and their administrators who represent the 95% of blacks who voted for this president. And now unions are the latest group of Obama fans that is experienced buyers remorse. The reality of the much debated Affordable Care Act, also better known as Obama care has become clear. The AFL-CIO, one of President Obama's biggest supporters has released a scathing criticism      of the health care law, calling it disruptive to union "health care plans" and said that it would drive up health care cost. This marks a critical sea change in the backlash against Obama. Big labor spent an estimated $40m to get Obama elected. Now it appears that these groups have seen the change that they believed in and I guess they don't like it.

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