Some Points On McCain vs. Obama Debate 3

On taxes and the economy:

The Joe the Plumber issue began with Barack Obama having a conversation with a plumber who planned to buy his employers’ business, but realized with concern that he would be paying much higher taxes under Obama’s plan.  Obama responded:

“It’s not that I want to punish your success. I just want to make sure that everybody who is behind you, that they’ve got a chance for success too,” Obama responded. “My attitude is that if the economy’s good for folks from the bottom up, it’s gonna be good for everybody … I think when you spread the wealth around, it’s good for everybody.”

Please realize: we’re talking about a PLUMBER and a SMALL BUSINESS – not a Wall Street tycoon or a big corproation.  He would pay more in taxes under Obama’s plan.  It turns out that half of the over 8 million taxpayers in the top 5% of income earners are small business owners.  And it is small business owners who are and have been the engine of the economy and who are hiring the most workers.  All the small businesses that are driving that engine – the businesses that employ at least 20 workers – would pay more taxes under Obama’s plan.

Obama keeps claiming that he’ll cut taxes for 95% of Americans.  but about 40% of Americans don’t pay federal taxes.  Obama will give these free riders an IRS welfare check paid for by taxpayers, amounting to nearly $400 billion dollars a year.  Obama’s tax credit goodies will be “fully refundable,” which is taxspeak for government payments that do not require a tax liability on the part of recipients in order to be paid out.  This is a transfer payment, a transfer of wealth, and socialism.

Corporations don’t pay taxes; they pass them on to you through higher prices.  Obama’s tax increase on corporations will amount to a de facto higher cost of living for you.  To the extent that it cuts into their profits, corproations will increasingly outsource jobs to save on labor costs, or they will simply relocate their operations to countries with lower corporate tax structures (that currently means anywhere on the planet except Japan unless taxes are lowered here).

If you want corporations and businesses to hire more workers and provide goods and services at low prices, you have to lower their tax burdens.  You don’t create an incentive to hire more workers when you increase their costs of doing business.

“Spread the wealth around,” Obama says.  From each according to his ability, to each according to his need.  Bottom line, if you design a system which does not sufficiently reward people based on allowing them to enjoy the fruits of their hard work, than no one will have incentive to work hard.  The hard worker will eventually get tired of working for the lazy person unless he can keep what he produces for the benefit of himself and his family.

In Europe, the steep rates create a disincentive to continue working.  If you have to pay skyhigh taxes after $200,000 (as a single filer in Obama’s plan), why keep working hard after you’ve made your $200,000?  Obama will confiscate most of your profits (for New Yorkers, as an example, it would be 65 cents of every dollar!).  If you’re a small business owner, you have good reason to simply shut down and take a long vacation until next April.  We don’t want that here.

Investors’ Business Daily describes Obama as “the most anti-capitalist politician ever nominated by a major party.”  And for good reason.  Sadly, the media has largely given inspection of Obama’s economic and tax plans a pass.  The specifics are largely unknown to the American people.  Barack Obama will regard the recent socializing of much of our financial system as a leaping-off point.

On health care:

One thing is extremely important to understand: Obama’s health care plan is modeled on the Massachusetts plan.  How are things going there?  Well, in couple of years of the program’s existence, the tiny state is now already facing cost overruns of over $400 million.  Does that sound like a rousing success?  Massachusetts is facing a projected 85% increase in its costs by 2009 – which should set up a serious red flag that such programs are MASSIVELY underfunded.

Obama is claiming that his plan will save money.  It won’t.  It has been tried, and it has failed.  He is overestimating the “savings” of his plan, and massively underestimating the costs.

Barack Obama’s health care plan is estimated to cost $1.6 trillion in 10 years.  And that’s if everything goes wll.  But it won’t go well.  The numbers don’t take into account the very sort of cost overruns and cost increases that are even now plaguing the very state that Obama is basing his own plan upon.  What is going to happen to our economy given the extremely real likelihood that Obama’s massive national plan runs into similar issues?  Do you believe our economy is strong enough to bear the brunt of these massive cost increases?

You need to understand something else that emerged from the second debate: is health care a privilege, a right, or a responsibility?  Obama answered “It should be a right.” What does that mean?  It means that a government has a fundamental duty to guarantee me my health care the same way it has a duty to guarantee me right to free speech or my right to assembly.  You have a constitutional, government-imposed duty to give me health care – no matter what – regardless of how much it costs you and your family to do so.  Am I an alcoholic who needs a liver transplant?  You owe me a new liver.  As an American citizen (or an illegal immigrant, under Obama’s plan) I have a right to that liver.   Did I sustain a brain injury riding my motorcycle without a helmet because I like to feel the wind in my hair?  Doesn’t matter.  Do I want a sex change?  Give it to me!  I have a fundamental constitutional right to that liver, or to that brain surgery and all the long months of incredibly expensive therapy, or to my sex change operation.  I also have a right to years of incredibly expensive psychological counseling with highly paid professionals.  And if I have any pre-existing conditions, you still have to cover me (and illegal immigrants because we don’t deny fundamental rights to anyone in the United States, even if they are here illegally), no matter what.

Do you understand how expensive this can all get?

Do you understand that Barack Obama is essentially talking about socializing a quarter of our economy?  Do you trust your government’s track record to do that?

On the mortgage industry collapse:

Neither candidate brought up the fact that there was a gigantic elephant in the room.  And it was ridiculous.  A lot of people are livid over this collapse and the subsequent $850 billion bailout package Congress approved.  But Democrats are all over this.  From their passage of the Community Reinvestment Act, to Bill Clinton’s radical expansion of the program (particularly in the last two years of his 2nd administration); to the almost exclusively Democratic leadership of Government Supported Enterprises Fannie Mae and Freddie Mac (e.g. Jim Johnson, Franklin Raines, and Jamie Gorelick who collectively took over $300 million from the GSEs even as they played around with the books); to the repreated stubborn refusal of congressional Democrats to regulate Fannie and Freddie during the first six years of President Bush’s presidency.

Barney Frank repeatedly said that Fannie and Freddie were fine, and that regulation was unnecessary.  The last time was on July 14, 2008 – only a couple months before they went belly up.  He assured the American people – and American investors – that Fannie and Freddie stock were strong going forward.  The stock of Fannie and Freddie and declined 90% during the Democrats’ watch.  And oversight of Fannie and Freddie was Congress’ job, NOT President Bush’s.

This was a Democrat-created disaster.

And the level of propagandizing and demagoguery blaming Republicans for “the failed policies of the last 8 years” has reached a level of deceit not seen since Hitler blamed the Jews for all of Germany’s problems.

On abortion:

Abortion is an issue that not only displays how radical Barack Obama is, but how deceptive and disingenuous he is.  Factcheck.org has a thoroughly researched article titled, “Obama and ‘Infanticide’: The facts about Obama’s votes against ‘Born Alive’ bills in Illinois” which will shock you.  Obama DOES support infanticide in the name of abortion rights.

Barack Obama is deliberately misrepresenting his position on the Born Alive Infant Protection Act.  He has given fallacious reason after reason for wanting babies who have been born and are surviving outside of their mothers’ bodies to be killed.  Obama supports late term and partial birth abortion, too; but this evil transcends even that abomination against the sanctity of human life.

It is for this reason that I will refuse to support a President Obama or any country that elects him to lead it.  If the American people vote for Barack Obama, I will agree with Jeremiah Wright to this extent: “No, no, no.  Not God bless America.  God damn America!”  God damn an America that would vote for a certified baby killer.

Conclusion:

Our already-most-expensive education system in the world (around $65 billion a year) that isn’t producing education for our kids is going to get another nearly $20 billion a year from Barack Obama.  But the government throwing money at schools is clearly not the answer: Washington D.C. spends more money per student than any public school system in the world, but provides the worst education in the country.  As John McCain pointed out several times last night, again and again, Barack Obama sees big government spending other peoples’ money as the solution to every problem.

The obvious question to ask should be, where’s all this money going to come from?  From “the rich”?  Fat chance.  Half of the rich are no longer “rich” after all their investments went south; they invested themselves out of Obama’s 5% group.  The other half are going to shelter their money from Obama so they won’t have to pay Obama’s new taxes.  Where’s Obama going to get his money?  He’s going to come after you, and – given the polling figures – chances are you are too damn stupid to know it.

Economists by the truckload have come out against Obama’s plan, because when it fails – and it will fail – the costs will be catastrophic.

I liken this society to a culture that has been transformed into a lemming colony by a biased liberal media voting to jump off a cliff.

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One Response to “Some Points On McCain vs. Obama Debate 3”

  1. FloBama Says:

    Your statements and research in this article prove what you once said about having two America’s and it won’t help calling it Unity or even Americanism anymore. We have America, as we have known it and an entirely different place that Joe Biden calls Barack’s America.

    Hillary said at one time before she was ousted that 2008 will be a watershed year to which I wrote in to FoxNews that she was quoting what I had said in an earlier comment in FoxNews, the exact same words: a watershed year. But I didn’t and she didn’t refer to two America’s and it was long before Biden was even in the picture.

    Perhaps this hapless stooge has given it a name with your help as well. We have two opposites: America on the one side and Obamerica on the other side. People will have to make their choice on that this year. It is not about the prize of gasoline anymore or the economic meltdown. It is not about Obama’s flirtation with terrorists or Barney Frank using “male prostitutes” [what a nsme?] and not about Slick Silly Willy chasing skirt in the White House. It is no single item because America can solve anything if the core is healthy but nothing if we are morally depraved.

    It is America or it is Obamerica. Make up your mind. They are too far apart to fuse into a cohesive united all American life. One must go or the other one must break apart.

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