Saturday, October 11, 2008

Obama Tax Cut Redistribution of Income

Yes, That's What The Obama Tax Cut for 95% of Americans really is Redistribution of Income. That's A Nice Way of Saying SOCIALISM. Today's Online Opinion Journal piece (Obama's Magic) makes this point clearly.
... Mr. Obama will give 95% of American working families a tax cut, even though 40% of Americans today don't pay income taxes! How can our star enact such mathemagic? How can he "cut" zero? Abracadabra! It's called a "refundable tax credit." It involves the federal government taking money from those who do pay taxes, and writing checks to those who don't. Yes, yes, in the real world this is known as "welfare," but please try not to ruin the show. [Emphasis mine]
A Take from the "Haves" and give it to the "Have Nots". And Obama will stimulate the Economy by doing the following.
Obama will jumpstart the economy, and he'll do it by raising taxes on the very businesses that are today adrift in a financial tsunami! That will include all those among the top 1% of taxpayers who are in fact small-business owners, and the nation's biggest employers who currently pay some of the highest corporate tax rates in the developed world. Mr. Obama will, with a flick of his fingers, show them how to create more jobs with less money. [Emphasis mine]
We all tend to think of Jobs Creation in terms of Big Corporations, But the reality is - The Small Business Owner is the one who creates Most of the Jobs in America. The Small Business Owner creates Jobs 1, 2 or 5 at a time. Mr. Obama wants to tax and take Profits of these Small Business Owners. Think about that. If Taxes eat more of their profits, how will the Small Business Owner fund the Equipment, Facilities and Benefits to expand and thereby Create more Jobs?
Mr. Obama will re-regulate the economy, with no ill effects whatsoever! You may have heard that for the past 40 years most politicians believed deregulation was good for the U.S. economy. You might have even heard that much of today's financial mess tracks to loose money policy, or Fannie and Freddie excesses. Our magician will show the fault was instead with our failure to clamp down on innovation and risk-taking, and will fix this with new, all-encompassing rules.
The problem is not De-Regulation. The Problem was lack of Oversight. The Problem was the Politicians who looked the other way, because they were getting Campaign Contributions from the guilty. The fox guarding the hen house.

We are shocked when the Police take bribes from the Bank Robbers, but we don't demand more regulation of the Crooks. No, instead we demand more oversight on the part of the Police. And we prosecute those Crooked Cops who took the Bribes. But with Politicians it's different. When they take a Legal Bribe (Campaign Contribution) we don't demand prosecution. We decide with help from those same guilty Politicians that the problem was caused by de-regulation. It was lack of Oversight by the Politicians. The Politicians are the guilty ones.
Did someone in the audience just shout "Sarbanes Oxley?" Usher, can you remove that man? Thank you. Mr. Obama will now demonstrate how he gives Americans the "choice" of a "voluntary" government health plan, designed in such a way as to crowd out the private market and eliminate all other choice! Don't worry people: You won't have to join, until you do. Mr. Obama will follow this with a demonstration of how his plan will differ from our failing Medicare program. Oops, sorry, folks.
Sarbanes Oxley is a flawed piece of Regulation which only increases the cost of operating a business. It should be eliminated. Government Regulation is not the answer, Proper Oversight and Proper Punishment are the answers.
And just watch the Great Obama perform a feat never yet managed in all history. He will create that enormous new government health program, spend billions to transform our energy economy, provide financial assistance to former Soviet satellites, invest in infrastructure, increase education spending, provide job training assistance, and give 95% of Americans a tax (ahem) cut -- all without raising the deficit a single penny! And he'll do it in the middle of a financial crisis. And with falling tax revenues! [Emphasis mine]
It is called $pend, $pend, $pend and $pend some more!!! Mr. Obama's plan includes spending $50 Billion a year on Foreign Aid! That's a 100% Increase over current levels. Could we use $50 Billion a year in the USA?
Study his mouth carefully, folks: It looks like he's saying "I'll stop the special interests," when in fact the words coming out are "Welcome to Washington, friends!" Wind and solar companies, ethanol makers, tort lawyers, unions, community organizers -- all are welcome to feed at the public trough and to request special favors. From now on "special interests" will only refer to universally despised, if utterly crucial, economic players. Say, oil companies.
Mr. Obama is full of platitudes and feel good words, but the substance is Re-Distribution of Wealth.
Obama will uphold America's "moral" obligation to "stop genocide" by abandoning Iraq!
Mr. Obama thinks that we have a "Moral" obligation to "Stop Genocide" worldwide, but the Genocide of Saddam Husain against the Kurds is not reason enough to go into Iraq. Saddam may not have had Weapons of Mass Distruction (WMD)when we went into Iraq, but everyone agrees Saddam used WMD to kill many Thousands of Kurdish People.

Mr. Obama supports Abortion at any time right up to the moment of birth for any reason. Even Senator Barbara Boxer (D-CA) finds Partial-Birth Abortion objectionable, and Senator Boxer has always been recognized as the strongest advocate for preserving Roe v Wade in Congress. That is until Senator Obama. Mr. Obama also believes any fetus born alive shall be dened care and left to die if the fetus was born as a result of a botched abortion attempt. Most reasonable people would call anything alive outside the woman's body a child, a person. Not Mr. Obama.

To most reasonable people, who believe in Abortion, consider abortion a right of a woman to choose because it's her body. But it is hard to extend this right to include a child who is no longer in the womans body. It is not a person and deserves the same rights as you and I do. Mr. Obama does not agree.
He will respect your Second Amendment rights even as he regulates firearms! He will renegotiate Nafta, even as he supports free trade!
Yes, there are other areas where Mr. Obama talks out of both sides of his mouth. And who is most to blame for letting Mr. Obama do his majic? JOHN McCAIN! Mr. McCain has allowed Mr. Obama free reign to say anything he wishes without question. All the things in this post are weakness of Mr. Obama, John McCain seems for some reason unwilling to point out and by so doing is giving the Election to Senator Obama.

Because of this We the American Public are the biggest Loosers. Thanks, John.

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