President of US spent trillions on recovery with no concrete results

Ateneo Professor on Entrepreneurship

From Money news | August 8, 2013

The president of the US spent $4 trillion on stimulus spending but does not have much to show for this:  the broken American dream, growing poverty in US and and widening gap between the haves and have nots (are we talking about US or 3rd world country here?

Sequestration (cutting expenses) as means to go by without reduced spending budget cuts resulted in $45 billion reduction in expenditures, Obama wants $200 billion in additional taxes, the trade deficits has resulted in more losses to the govt.  The Obamacare which has driven health care costs has resulted in many Americans being part time workers. 

Are Obama programs working really for the benefit of the poor or making things worse for Americans

Pres. Obama's Plan to Tax Millionaires to Help cut Deficit? What do you think?

Our generation needs an ENTREPRENEURIAL REVOLUTION.

One of the plans of the administration in US now is to tax millionaires (additional?) and the Republicans immediately called it a class warfare.

Here is a video from CBS regarding the said plan.

Questions:

l. Is this move fair?

2. Is this consistent with the idea that entrepreneurship is the solution to US woes?

3. Can they implement this?