Posted on 11/02/2008 4:30:34 PM PST by lewisglad
So, in one of those bizarre jokes that history sometimes plays, the United States is apparently about to choose as president the most inexperienced, untried and virtually unknowable candidate who has ever run for that office at a time of unquantifiable international risk and unprecedented economic instability: a candidate who, as Bill Clinton revealed in a wonderfully back-handed "tribute", responded to the banking collapse by ringing every expert he could find (including Bill) to ask them what he should be saying.
Barack Obama - a threat to the world economy?
But there is another facet of Obama taxation with even more serious consequences for the US. In order to pay for his tax cut for 95 per cent of the population (half of whom do not pay income tax and whose "cut" would be in the form of a cash rebate), President Obama and his Democratic Congress would raise the US rate of corporation tax - already the second highest in the world - from 15 to 20 per cent. They also plan to punish through taxation companies that employ people overseas rather than "creating American jobs". These measures would have the almost immediate effect of driving companies and capital out of the US.
In the same "help the little guy" spirit, Obama proposes to raise capital gains tax, thus penalising those whose investment is desperately needed for market recovery. As my economist friends always tell me when I advocate tax cuts for the low-paid: it may seem a morally and politically attractive policy but it doesn't do a damn thing for economic growth. The tiny amounts that the lower-paid receive in such wide-ranging cuts make little difference as a stimulus and if they are balanced by penalties on business and on the investing classes, they are worse than useless.
(Excerpt) Read more at telegraph.co.uk ...
Telegraph is under new ownership for the last year or so. It’s all over the place now.
CYA time......big time.
He just flipped the bird to McCain at a rally in Jacksonville. Saw it on Fox.
0bama mentioned McCain, the tough campaign he has waged, and then placed his middle finger to his lip.
What a juvenile ass.
(Vanity) The Polls are (mostly) nonsense. Here’s why.
Self | 11/3/2008 | Self
Posted on 11/03/2008 7:38:36 AM PST by MaverickElephant
http://www.freerepublic.com/focus/f-news/2123538/posts
marking
Thank you - that explains a lot....
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