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, Obamaâs 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 ...
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?
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