Posted on 08/23/2008 7:03:27 PM PDT by FocusNexus
We now know what Obama has in store for the American economy. Let's start with energy. His is the traditional Democratic tilt in favour of renewables, ethanol and conservation. But with the polls showing that more than 70% of Americans favour opening offshore America and federal lands to drilling, Obama panicked. He now says he will go along with a comprehensive deal that includes new taxes on oil companies in return for a relaxation of restrictions on offshore drilling, so long as it is done in an environmentally sensitive way, which means that there will be no offshore drilling.
As for nuclear, Obama says he does not oppose building new plants so long as the waste-disposal problem is solved. Which he makes sure it will not be by opposing the opening of the Yucca Mountain nuclear waste repository in Nevada. All in all, Obama’s plan to get America off foreign oil in 10 years is no plan at all. Solar, wind and corn are no match for Saudi oil when moms fill their tanks en route to picking up the kids at school.
Obama plans to redistribute wealth from the "rich" to the middle class. The top tax rate will go from 36% to 39.5%. Tax rates on dividends and capital gains will rise from 15% to 20% on individuals who are making more than $200,000 a year and on families earning more than $250,000, and 10 years hence payroll taxes on earnings above $250,000 will rise significantly. The estate tax would rise to 45% on estates that are valued at more than $7m per couple.
(Excerpt) Read more at business.timesonline.co.uk ...
Obama is focused on income redistribution -- which is socialism.
And here is Biden’s approach:
Interview with Sen. Joe Biden — Aug. 27, 2007
http://www.iptv.org/iowapress/transcript_detail.cfm?ipShowNum=3435&play=true
“Yepsen: SENATOR, HOW DO YOU PAY FOR YOUR IDEA?
Biden: ... I WOULD LET THE TAX CUTS FOR ALL OF THE MIDDLE CLASS LAPSE. I WOULD NOT MOVE FORWARD WITH THE NEW TAX CUT CALLED FOR BY ELIMINATING THE INHERITANCE TAX....IN ADDITION TO THAT, ON THE NATIONAL SECURITY SIDE OF THE AGENDA, I WOULD END THE WAR IMMEDIATELY. I WOULD END THIS WAR....I WOULD ELIMINATE THE STAR WARS PROGRAM. I WOULD NOT DEPLOY THE STAR WARS PROGRAM, WHICH IS A MULTITRILLION-DOLLAR, LONG-TERM INVESTMENT WE’RE MAKING... “
WAIT A MINUTE!!! Isn’t this a government of the people, for the people and by the people? Slick Willie once told us that’s what the Declaration of Independence or the Constitution says. Who the hell does Obama think he is? The “rich” are also “the people!” It’s not Obammie’s job to hit anybody.
President Obama will destroy the US economy — Carter is an exonomic genius in comparison.
Obama is focused on income redistribution — which is socialism.
:::::::
I would have to yes, AND he is much closer to being an outright communist. After his open public endorsement of the style of government in communist China, that was the cherry on top of the ice cream. This guy is the last thing America needs, certainly we do not need any MORE socialism than we already have. But this college-campus-commie is a nutcase, maybe not even a bona-fide American qualified to be a US president, clearly anti-American at every turn and a supporter of criminals and terrorists.
Now, which is worse? The judgement of Obama, or the judgement of the American voters that would put this raving radical in our precious Oval Office?
I find it all quite terrifying given that I am a Constitutional Conservative, a staunch patriot, a veteran, and an American citizen. HORRIFYING!!!
that’s not going to happen!
the irs enjoys a lot of control over peoples’ lives,
and it will continue.
| You might point out the old INCOME tax (and its fans like Obambi) hurts those still TRYING to get rich, NOT the ALREADY-rich. |
Yep. As late as 4 months ago I was still comparing Obama to Carter...and if you turn both into black and white line drawings with Photoshop, there’s an amazing resemblance...but, yes, Obama is probably the only man on the planet who could make Carter look competent.
they’ve been selling this all of my life!
and NOTHING happens.
Obama’s brother lives in Africa, and it’s been reported that he lives on less than $1 a month. I don’t know if it’s true or not - but I believe someone who’s hot to pick the pockets of strangers owes us an explanation about his brother. Is he really destitute? If not, fine. If so, why won’t Obama help him?
I argued this with liberals today and they went nuts - calling me a liar and much worse.
So is the Obamassah going to reach into his own back pocket and redistribute HIS wealth to the black community in Chicago before he leaves for the White House, if the issue arises?
#6 that i originally replied to.
it is not going to happen.
They are embracing Carter.
President Carter to speak in Denver
http://polhudson.lohudblogs.com/2008/08/19/president-carter-to-speak-in-denver/
“Former President Jimmy Carter will be an opening night speaker Monday at the Democratic National Convention in Denver along with House Speaker Nancy Pelosi and Denver Mayor John Hickenlooper.
The featured speaker that night will be Michelle Obama.
Other speakers Monday include several Obama friends and family members as well as union leaders and lawmakers from Chicago and the state of Illinois.
Among them: Barack Obama’s sister Maya Soetero-Ng, Michelle Obama’s older brother Craig Robinson, Barack Obama’s mentor and longtime friend Jerry Kellman, Illinois Rep. Jesse Jackson, Jr., Illinois SEIU President Tom Balanoff, Illinois Attorney General Lisa Madigan, Illinois State Treasurer Alexi Giannoulis and Chicago City Clerk Miguel del Valle.”
I noticed “Barack Obama’s mentor and longtime friend Jerry Kellman, “ will also speak at the Dem Convention. I wondered who he is.
Well, I found that he is the one who hired Obama as community organizer and he himself went to Chicago to “organize under Saul Alinsky”.
“Jerry Kellman came to Chicago, a product of the ‘60s and the anti- war movement, to learn how to organize under the legendary Saul Alinsky “
http://www.rockymountainnews.com/drmn/news_columnists/article/0,1299,DRMN_86_5684916,00.html
the concept’s been around for decades.
Why is it “fair” to tax the rich at a rate higher than other people? The only reason it’s done is so that politicians can get their hands on more money. They can then use said money to bribe voters with various giveaways.
Fairness demands that I hit the rich, says Obama
____________________________________
Fairness demands that I get a crack at you back, says Nana (the rich that Obama is going to hit)
similar ideas were being discussed when i was in college in the seventies.
yes, they were later formulated.
but my point is the same:
the irs stays.
the u.s. government enjoys controlling your life. and mine.
Compare and contrast with McCain:
“I DON’T WANT TO TAKE ANY MONEY FROM THE RICH. I WANT EVERYBODY TO GET RICH. I DON’T BELIEVE IN CLASS WARFARE OR REDISTRIBUTION OF THE WEALTH. “ — McCain at the Saddleback Forum.
Transcript link:
http://www.rickwarrennews.com/transcript/civil_forum_transcript-05.doc
Link to full transcript:
http://www.rickwarrennews.com/transcript/
Fairness demands the opposite.....hit the lottery winners...NOT the rich. Make the slow moving and lazy get going. You know in the US, the rich are working their heads off and the poor are laying around collecting from the government troug.
i remember similar ideas being discussed in the seventies.
i never said the plans included the irs.
i said that the u.s. government will never give up the irs because they enjoy having control over peoples’ lives.
good bye.
Marxist economics is exactly why the Obamas have to be sure that they stir up all kinds of class and wealth envy and hatred (like of those who have seven houses). It will be useful when the redistribution of wealth occurs.
That quote of his is a far cry from him wanting to cap CEO’s pay.
Sen. Joe Biden
(”I Would Let The Tax Cuts For All Of The Middle Class Lapse”)
Iowa Public TV/Iowa Press | April 27, 2007 | Staff
Posted on 08/23/2008 5:52:44 AM PDT by PghBaldy
http://www.freerepublic.com/focus/f-news/2066660/posts
Note the increase of marginal tax rates for everyone:
Bottom line, Leftists like Obama honor the Lie. No matter what he says now, good or bad, will be unimportant and non operative once he gains power.
Are you opposed to the FairTax, or are you just pessimistic?
“The top tax rate will go from 36% to 39.5%.”
To tempt others to sin is far worse than to sin oneself. BO tempts his followers to covet other peoples’ property. It’s that simple. Appealing to the banal side, the wicked side, of the human soul sometimes works. Thank God that BO has made so many goofs in all 57 states. I think I’ll go inflate my tires.
Maybe BO should get the money needed from his magical banking committee?
Get your dictionary out, it is fascism he is wanting.
___________________________________________________
I think fascism is a little too masculine for what Barry has planned....it’s more like a very effete socialism.
cynical.
been around the block a couple of times.
He is following the communist manifesto!
Fairness demands that Barack give up his million dollar mansion and move into more modest affordable housing.
I’m not saying that he needs to move into a mud hut leanto like his brother.
But if there will be change, let it begin with “me”. Obama needs to make some PERSONAL SACRIFICE before he starts taking things that belong to OTHERS.
Damned Marxist.
Don’t give up so easily! This, and issues like it, is a grassroots, bottom up kind of effort. We all recognize that. But the FT is becoming part of the mainstream lexicon, and Obama’s tax plan will only make it more popular.
Ah, yes. To paraphrase a brave soul who fought the Soviets:
“The peace and equality of the cemetery.”
Ah, yes. To paraphrase a brave soul who fought the Soviets:
“The peace and equality of the cemetery.”
Good. It's about damn time those Trust Fund Babies like Ted Kennedy, Chris Dodd, Jay Rockefeller, Dianne Feinstein, etc., who didn't do a damn thing to earn their wealth shared their good fortune with others.
Oh, wait. I doubt if JoeBama will tax those bloodsucking cur dogs.
I sent an email to Obama’s campaign asking why, if BO wants to eliminate the power of lobbyists and CHANGE the status quo, he is not for the Fair Tax, which would eliminate the tax code and the very reason that lobbyists exist, to manipulate it. Of course, it was a futile gesture and I got an auto reply asking me to donate money and volunteer, hahahaha.
btt
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