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Obama's spending blitz worries Powell: 'We can't pay for it all,' he says
The Washington Times ^ | July 4, 2009 | Jon Ward

Posted on 07/04/2009 3:15:28 AM PDT by Scanian

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To: 4rcane

I got the same sense of this after reading the interview. Powell seems more concerned that by having so many things on the table at once you create a self imposed over reach which comes up against more resistance than if you took things at a slower pace. Powell is the pitch perfect definition of a RINO.


21 posted on 07/04/2009 3:48:12 AM PDT by RU88 (Bow to no man)
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To: wastoute

Colin Powell endorses Barack Obama for president

http://bulletin.aarp.org/yourworld/politics/articles/colin_powell_endorses_barack_obama_for_president.html

“I would have difficulty with two more conservative appointments to the Supreme Court, but that’s what we’d be looking at in a McCain administration,” Powell said.

Powell chaired the Joint Chiefs of Staff, the nation’s top military post, during the first Gulf war under President George H.W. Bush. As secretary of state, he helped make the case before the United Nations for the U.S.-led invasion of Iraq, launched in March 2003.

Powell said the nation’s economic crisis provided a “final exam” of sorts for both candidates, suggested McCain had failed the test.

“I found that he was a little unsure as to how to deal with the economic problems that we were having,” Powell said. “Almost every day there was a different approach to the problem and that concerned me, sensing that he doesn’t have a complete grasp of the economic problems that we had.”

In contrast, Powell said Obama “displayed a steadiness, an intellectual curiosity, a depth of knowledge and an approach to looking at problems ... . I think that he has a, a definitive way of doing business that would serve us well.”


22 posted on 07/04/2009 3:49:27 AM PDT by Son House (President Øbama Turns His Back On The Oppressed During Their Darkest Hours)
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To: The Phantom FReeper

that is very possible


23 posted on 07/04/2009 3:51:10 AM PDT by GeronL (freeping on a PS3)
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To: Son House

Powell said the nation’s economic crisis provided a “final exam” of sorts for both candidates, suggested McCain had failed the test.

.
Wrong, his buddy President Øbama is failing, and Moron Powell failed to see the passing exam;

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McCain’s economic plan;

.
Pro-Growth Tax Agenda
John McCain believes taxes should be low, simple, and fair and has a track record of commitment to these principles.

Cut Taxes On The Middle Class

* Cut Taxes For Middle Class Families: Hard-working American families need lower taxes. John McCain will permanently repeal the Alternative Minimum Tax (AMT) — a tax that will be paid nearly exclusively by 25 million middle class families. John McCain will repeal this onerous tax, saving middle class families nearly $60 billion in a single year. Under McCain’s plan, a middle class family with children set to pay the AMT will save an average of over $2,700 — a real tax cut for working families.

Pro-Growth Tax Policy

* Keep Tax Rates Low: Entrepreneurs are at the heart of American innovation, growth and prosperity. Entrepreneurs create the ultimate job security — a new, better opportunity if your current job goes away. Entrepreneurs should not be taxed into submission. John McCain will fight the Democrats’ crippling plans for a tax increase in 2011. Left to their devices, Democrats will impose a massive $100 billion tax hike, almost $700 per taxpayer every year.

* Make It Harder To Raise Taxes: John McCain believes it should require a 3/5 majority vote in Congress to raise taxes.

* Cut The Corporate Tax Rate From 35 To 25 Percent. A lower corporate tax rate is essential to U.S. competitiveness. America was once a low-tax business environment, but as our trade partners lowered their rates, America failed to keep pace, leaving us with the second-highest rate among the world’s advanced economies.

* Reward Saving, Investment and Risk-Taking: Low taxes on dividends and capital gains promote saving, channel investment dollars to innovative, high-value uses and not wasteful financial planning. John McCain will keep the current rates on dividends and capital gains and fight anti-growth efforts by Democrats.

* Allow First-Year Deduction, Or “Expensing”, Of Equipment And Technology Investments. Expensing of equipment and technology will provide an immediate boost to capital expenditures and reward investments in cutting-edge technologies.

Pro-Innovation Tax Cuts

* Ban Internet Taxes: John McCain believes we must make a farsighted, robust, and fervent commitment to innovation and new technologies to sustain our global competitiveness, meet our national security challenges, achieve less costly and more effective health care, reduce dangerous dependence on foreign sources of oil, and raise the quality of education in the United States. John McCain has been a leader in keeping the Internet free of taxes. As President, he will seek a permanent ban on taxes that threaten this engine of economic growth and prosperity.

* Ban New Cell Phone Taxes: John McCain understands that the same people that would tax e-mail will tax every text message — and even 911 calls. John McCain will prohibit new cellular telephone taxes.

* Establish Permanent Tax Credit Equal To 10 Percent Of Wages Spent On R&D. This reform will simplify the tax code, reward activity in the United States, and make us more competitive with other countries. A permanent credit will provide an incentive to innovate and remove uncertainty. At a time when our companies need to be more competitive, we need to provide a permanent incentive to innovate, and remove the uncertainty now hanging over businesses as they make R&D investment decisions.

Retirement Tax Cut

* Lower Medicare Premiums: Seniors face a growing threat from higher Medicare premiums that tax away their Social Security and retirement savings. John McCain has proposed comprehensive, pro-market health care and Medicare reforms to reduce health care costs and control increases in premiums — while delivering high-quality health care.

REFORMING WASHINGTON TO REGAIN THE TRUST OF TAXPAYERS
Wasteful spending in Washington has gone from irresponsible to indefensible. Right now, even the government reports that one-fifth of programs are receiving failing marks. John McCain will restore the trust that Americans have lost in their government spending their hard earned money wisely. (John McCain’s detailed government reform plan may be found here.)

Eliminating Wasteful Spending

* Stop Earmarks, Pork-Barrel Spending, And Waste: John McCain will veto every pork-laden spending bill and make their authors famous. As President, he will seek the line-item veto to reduce waste and eliminate earmarks that have led to corruption. Earmarks restrict America’s ability to address genuine national priorities and interfere with fair, competitive markets.

* Leadership, Courage And Choices: Reduced spending means making choices. John McCain will provide the courageous leadership necessary to control spending, including:
o Eliminate broken government programs. The federal government itself admits that 1 in 5 programs do not perform.
o Reform our civil service system to promote accountability and good performance in our federal workforce.
o Eliminate earmarks, wasteful subsidies, and pork-barrel spending.
o Reform procurement programs and cut wasteful spending in defense and non-defense programs.

Budgetary Reform To Give Tax Cuts A Fair Chance

* Congress Has Unfairly Stacked The Deck To Spend More And Raise Taxes.
o If a spending program is on the books, budgets assume that it is on the books forever — and continues to grow — even if the law says it expires.
o If low taxes are on the books, budgets don’t assume that they last forever. When they expire, those taxes are automatically raised.
o John McCain will reform budgeting to treat equally spending and taxes and to stop damaging tax hikes.


24 posted on 07/04/2009 3:53:33 AM PDT by Son House (President Øbama Turns His Back On The Oppressed During Their Darkest Hours)
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To: Son House

Eliminating Wasteful Spending

* Stop Earmarks, Pork-Barrel Spending, And Waste: John McCain will veto every pork-laden spending bill and make their authors famous.

.
Chirp, once in a while, guess the old fella is no longer having fits, like McCain thought he was going to


25 posted on 07/04/2009 3:56:58 AM PDT by Son House (President Øbama Turns His Back On The Oppressed During Their Darkest Hours)
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To: Son House

* Cut The Corporate Tax Rate From 35 To 25 Percent. A lower corporate tax rate is essential to U.S. competitiveness. America was once a low-tax business environment, but as our trade partners lowered their rates, America failed to keep pace, leaving us with the second-highest rate among the world’s advanced economies.

.
A no brainer compared to Øbama’s plan. How does Powell miss the obvious?


26 posted on 07/04/2009 4:02:15 AM PDT by Son House (President Øbama Turns His Back On The Oppressed During Their Darkest Hours)
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To: Mr Ramsbotham

I’m not talking metaphysical. I mean truly sold his ancestors. Check on the reintroduction of slavery into the western European countries. Also check on the origins of the people sold into slavery in Africa and how they became “property”. Europeans were late comers. It actually surprises me that no one has done the searches to find how involved Obama’s “Tribe” was historically involved in this.


27 posted on 07/04/2009 4:02:56 AM PDT by Kadric
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To: Scanian

Collin,

Say it loudly and often.

Perhaps some of your black Liberal friends will start to understand that O has sold you, your children and grandchildren down the river.


28 posted on 07/04/2009 4:04:37 AM PDT by ADSUM (Democracy works when citizens get involved and keep government honest.)
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To: Scanian
TO POWELL:

From a great singer Mr. Ernest Tubb
Thanks, Thanks a lot . . . . . .

29 posted on 07/04/2009 4:09:21 AM PDT by DeaconRed (RL BURNSIDE Has it exactly right-"Everything's Broken" &" Its Bad You Know". . . . .)
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To: Son House

Time. Most Americans that pay taxes are unappreciated and their time spent at work goes to President Øbama spending blitz

.
McCain at least admitted not understand economics

.
Budgetary Reform To Give Tax Cuts A Fair Chance

* Congress Has Unfairly Stacked The Deck To Spend More And Raise Taxes.

o If a spending program is on the books, budgets assume that it is on the books forever — and continues to grow — even if the law says it expires.

o If low taxes are on the books, budgets don’t assume that they last forever. When they expire, those taxes are automatically raised.

o John McCain will reform budgeting to treat equally spending and taxes and to stop damaging tax hikes.


30 posted on 07/04/2009 4:10:40 AM PDT by Son House (President Øbama Turns His Back On The Oppressed During Their Darkest Hours)
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To: Son House

Obama’s spending blitz worries Powell: ‘We can’t pay for it all,’ he says

.
Maybe someone else can, Powell;

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Barack Obama’s Stealth Socialism: Monday, July 28, 2008

http://www.ibdeditorials.com/IBDArticles.aspx?id=302137342405551

During his NAACP speech earlier this month, Sen. Obama repeated the term at least four times.

“I’ve been working my entire adult life to help build an America where economic justice is being served,” he said at the group’s 99th annual convention in Cincinnati.

And as president, “we’ll ensure that economic justice is served,” he asserted. “That’s what this election is about.” Obama never spelled out the meaning of the term, but he didn’t have to.

His audience knew what he meant, judging from its thumping approval.

“Economic justice” simply means punishing the successful and redistributing their wealth by government fiat. It’s a euphemism for socialism.

In the past, such rhetoric was just that — rhetoric. But Obama’s positioning himself with alarming stealth to put that rhetoric into action on a scale not seen since the birth of the welfare state.


31 posted on 07/04/2009 4:15:40 AM PDT by Son House (President Øbama Turns His Back On The Oppressed During Their Darkest Hours)
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To: Kadric
I see so many black muslims, what idiots. The muslims were the masters of the slave-trade. Black African tribal warfare produced 99% of the slaves sold overseas. Nowadays it just produces corpses. (See Namibia)
32 posted on 07/04/2009 4:16:13 AM PDT by Huebolt (Islam is the only religion that recognizes and approves of SLAVERY)
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To: Son House

Corporate taxes are passed on to the consumer. It is a “hidden” tax. We should completely do away with the corporate income tax. Make it 0 rate!


33 posted on 07/04/2009 4:17:01 AM PDT by jslade (People who are easily offended......OFFEND ME!)
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To: Scanian

Change that you seemed to believe in, Captain Obvious Powell....


34 posted on 07/04/2009 4:23:28 AM PDT by cranked
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To: Son House

During his NAACP speech earlier this month, Sen. Obama repeated the term at least four times.

“I’ve been working my entire adult life to help build an America where economic justice is being served,”

.
NAACP Holds 89th Convention In Atlanta

http://findarticles.com/p/articles/mi_m1355/is_10_94/ai_54367677/

Among the highlights of the convention were addresses from NAACP President Kweisi Mfume, Board Chairman Julian Bond, U.S. Vice President Al Gore, Agriculture Secretary Dan Glickman and Ret. Gen. Colin Powell

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good company to keep, Powell /s

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Colin Powell from the 2009 NAACP Image Award Winning film.

http://www.youtube.com/watch?v=dsN61h6iVwo


35 posted on 07/04/2009 4:23:53 AM PDT by Son House (President Øbama Turns His Back On The Oppressed During Their Darkest Hours)
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To: SeaHawkFan

“Colin Powell is proof that affirmative action is a complete failure” PRICELESS!! Thanks for the laugh this am.


36 posted on 07/04/2009 4:32:06 AM PDT by Elkiejg (GO SARAH GO!!)
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To: Scanian

It’s sooooooooo nice to see this phony rat caught by the tail in a trap made by his “new best friends” in the Marxist media. I wonder if Benedict Powell remembers how Benedict Arnold was treated by BOTH sides after the Revolution.
Now let’s see how eager Ridge is to go on these shows :-)


37 posted on 07/04/2009 4:32:40 AM PDT by jmaroneps37 (Conservatism is truth. Liberalism is lies.)
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To: Scanian
Aww, what's the matter Colin? Your racist decision to back Barry backfiring on you?

Here, let's sing a song together that is sure to cheer you up. It's called "Barack the Magic Negro"...

Barack the Magic Negro lives in D.C.
The L.A. Times, they called him that
‘Cause he’s not authentic like me.
Yeah, the guy from the L.A. paper
Said he makes guilty whites feel good
They’ll vote for him, and not for me
‘Cause he’s not from the hood.

See, real black men, like Snoop Dog,
Or me, or Farrakhan
Have talked the talk, and walked the walk.
Not come in late and won!

Oh, Barack the Magic Negro, lives in D.C.
The L.A. Times, they called him that
‘Cause he’s black, but not authentically.
Oh, Barack the Magic Negro, lives in D.C.
The L.A. Times, they called him that
‘Cause he’s black, but not authentically.

Some say Barack’s “articulate”
And bright and new and “clean.”
The media sure loves this guy,
A white interloper’s dream!
But, when you vote for president,
Watch out, and don’t be fooled!
Don’t vote the Magic Negro in –
‘Cause —

’Cause I won’t have nothing after all these years of sacrifice
And I won’t get justice. This is about justice. This isn’t about me, it’s about justice.
It’s about buffet. I don’t have no buffet and there won’t be any church contributions,
And there’ll be no cash in the collection plate.
There ain’t gonna be no cash money, no walkin’ around money, no phoning money.
Now, Barack going to come in here and .......

38 posted on 07/04/2009 4:40:18 AM PDT by Costumed Vigilante (Congress: When a handful of evil morons just isn't enough)
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To: jmaroneps37

I think we’ve already noticed how Benedict Arlen is being treated.


39 posted on 07/04/2009 4:40:26 AM PDT by Scanian (i)
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To: Scanian

Oh, Colin just feels the “winds of change” in the country shifting back the other way and wants to position himself for a job in the next Republican administration....

hh


40 posted on 07/04/2009 4:51:00 AM PDT by hoosier hick (Note to RINOs: We need a choice, not an echo....Barry Goldwater)
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