Tuesday, October 14, 2008

Blog Burst: Obama's Economic Plan

Blog Burst: Nobama Economic Plan

OBAMA/BIDEN ECONOMIC PLAN A FRAUD
The media and candidates assure us that the number one issue in the minds of prospective voters is the economy, so this week we will address that issue; and we’ll do it clearly and concisely. Two concerns right off the mark: (1) If Americans are nervous about the economy, why on earth would they turn to a Democrat for help? (2) If Americans are nervous about the economy, what does the Obama/Biden Economic Plan offer that will improve our lives?
We don’t want to waste time on adolescent bantering, but the truth is that our present economic conditions are a direct product from the seeds of eight-years of Bill Clinton and Republicans in Congress who violated their contract with America . And now let’s get down the brass tacks.

You live a busy life; you don’t have the time, and probably not the inclination to spend hours sifting through, and thinking about the Obama/Biden Economic Plan. Neither, apparently, do the authors of that website; after considering tens of thousands of words of gibberish, what we found are volumes of proposals, policies, programs, and promises. Less than 10% of these ideas come close to responsible or prudent. This is apparent at the very beginning. According to Mr. Obama:
Wages are Stagnant as Prices Rise: While wages remain flat, the costs of basic necessities are increasing. The cost of in-state college tuition has grown 35 percent over the past five years. Health care costs have risen four times faster than wages over the past six years. And the personal savings rate is now the lowest it's been since the Great Depression.Tax Cuts for Wealthy Instead of Middle Class: The Bush tax cuts give those who earn over $1 million dollars a tax cut nearly 160 times greater than that received by middle-income Americans. At the same time, this administration has refused to tackle health care, education and housing in a manner that benefits the middle class.

In laying his predicate, Obama wastes our time with what we already know. In 1954, a loaf of bread cost five-cents. In fifty-five years, prices have increased; but I also know that back then, my father earned $60 a month; when he retired in 1972, he earned over $3,000 a month. Next, Obama typically engages in Marxist class-warfare, a classic saw within the Democratic platform. The facts tell us something else.

According to U. S. Treasury Department, taxpayers in the top half of income paid 96% of the total income tax revenues. In future years, the percentage of income tax paid by middle class citizens who fall into the bottom half of income earnings will be less than 4% of the total. That presumes, of course, that Barack Obama is defeated in this election. So it would seem that Mr. Obama is being dishonest. If the American people elect Barack Obama to the presidency, taxes will increase across the board. And the proof of this is that Barack Obama cannot increase government spending AND provide meaningful tax cuts to “95% of the American workers.”
Barack Obama claims that he has a plan to jumpstart the economy — and he plans to do this by giving “something back” to Americans. At the very outset, he wants to tax oil company profits to give American families a $1,000 rebate. Now if you lack critical thinking skills, this sounds great. History tells us that government does not exist to give us money; in fact, the opposite is true. Every “benefit” costs the American worker money. But now consider, if these funds come from the “greedy oil companies,” what is the likely consequence to the cost of gasoline and heating oil? By the end of the first year, Obama’s rebate checks might offer consumers a “break even” scenario.

He also wants to give $50 billion to state and local governments so that each of us can have access to health, education, housing, heating fuels, as an offset to property taxes. Forget that federal grants do not offset state, county, or municipal taxes, but do think about this: his allocation of one-billion dollars to each state, if distributed on a per-capita basis, is a laughable benefit. In California , the per-capita share of one-billion dollars is $27.35, and in Pennsylvania , it comes to $80.43. Once again, Barack Obama is following the example of Bill Clinton in 1991 — promises made, promises broken.

Obama wants to provide “a tax cut” to middle class Americans. This is what he wrote:
Provide a Tax Cut for Working Families: Obama and Biden will restore fairness to the tax code and provide 150 million workers the tax relief they need. Obama and Biden will create a new "Making Work Pay" tax credit of up to $500 per person, or $1,000 per working family. The "Making Work Pay" tax credit will eliminate income taxes for 10 million Americans.
Mr. Obama is not going to cut taxes. It is impossible to cut taxes for 150 million Americans — half of our entire population, when he in fact intends to increase spending by $3 Trillion. Our grandfather might have noted, “This dog won’t hunt.” Additionally, ten million Americans is roughly three percent of our population, so at this point we must ask, “Who benefits most from the Obama plan?” The answer is, “Not the average American.”

Barack Obama and Joe Bide believe foreign trade should strengthen the American economy; it should create more jobs for Americans. Obama vows to “fight for fair trade,” which means that he will erect trade barriers that will make imported goods more expensive, and domestic made goods less appealing to foreign consumers. How does this help “jump-start” the economy? The answer is it doesn’t. Two issues come to mind. The first is, think about an increase in the retail cost of Chinese-made “junk” you find on the shelves at Wal-Mart. Second, what will happen to American jobs when foreign buyers no longer purchase domestic-made goods? Does Obama have a realistic goal for our economy? No, he does not.

Several years ago, a thoughtful schoolteacher noted the following: when her school district gave teachers a raise, there was a direct and immediate increase in the cost of food, utilities, clothing, fuel, and medical and dental costs. She noted that if her new salary was a modest increase of four percent, the cumulative weight of increased costs across the board resulted in an income loss. Now, Barack Obama wants to “reward” companies with tax breaks when they pay their workers a “decent wage.” We don’t know what “decent wage” means, but we do understand Barack Obama’s very first statement: “Wages are stagnant as prices rise.” We also understand that Obama does not have a solution to a problem he identified as a national priority.
To bolster manufacturing, Barack Obama will create an “Advanced Manufacturing Fund.” The first intelligent question is, “What is that?” The next question should be, “Where will the money come from?” The answer to the first question is it is another costly government bureaucracy. Another government program, another layer of inefficiency added to the federal government. The answer to the second question is simple: it will come from the pockets of the American worker. Is this what Americans want? Does anyone honestly trust Obama with a flagging American economy?

None of the foregoing should surprise; these are economic programs we can expect from an avowed socialist. The question really is, having won the cold war, do the American people now want to put a Marxist in the White House? We should make no mistake: Barack Obama has been a radical leftist for at least twenty years. These programs may well accomodate his plan for America, but we don't think they pass the odor test; they are not a proper fit for America.
There was a time when this country had a surplus budget. Bill Clinton was in the White House, but both houses of Congress were controlled by Republicans. An overwhelmingly Democratic Congress demands a Republican in the White House, and we need more conservative representation in Congress.

So once again, we urge you to vote NO Obama, and NO to socialist members of Congress seeking reelection.


Participants: Always on Watch; And Rightly So; Big Girl Pants; Chuck Thinks Right; Confessions of a Closet Republican; Defending Crusader; Farmer’s Letters; Fore Left; GeeeeeZ; Has Everyone Gone Nuts?; Learn Something Today; Long Range; Papa Frank; Mind of a Misfit; Paleocon Command Center; Political Yin and Yang; Pondering Penguin; Right Truth; Social Sense; The Amboy Times; The Bitten Word; The Crank Files; The Jungle Hut; The Logic Lifeline; The Merry Widow; TSOFAH;

1 comment:

dibsy said...

I still want Obama to win.