Saturday, October 18, 2008

Obama's fairness doctrine

The damage of Obama's slip up in talking to Joe the Plumber, and why the press is trying to take your eye off Obama and focus on an ordinary citizen working for a living for a plumbing company in Ohio, is that even the most undecided voter knows that "spread the wealth around" is socialism.

For some reason, the voters haven't caught on to the lie, "95% will have their taxes reduced." These are the same people who don't realize credit means debt and sale means spend. In this parable he's talking about reinstating welfare for millions; millions of people don't pay taxes, so they will get a tax credit, i.e., will be paid for not paying taxes. McCain has been really weak in demolishing this phony claim.

Also, voters don't seem to remember one of the most successful features during the Clinton years was the Congress forcing his hand on welfare reform. Oh! the Democrats moaned and groaned, they predicted horrible things, but the economy soared by putting people to work. And Clinton got the credit--about his only positive legacy. The "community organizations" immediately went right to work pushing the newly employed or low income into NINJA loans so they would have something to do when they took their clutches off the necks of the poor.

Also, voters in 2008 don't remember the promises Bill Clinton made about reducing taxes on the middle class during his campaign in 1992 (I voted for him, did you?)--took about a month when he told us that he really couldn't do that--we'd all have to pay more. Maybe McCain is too much of a gentleman to bring it up, but he could turn that one over to Sarah.

Someone, and I don't care if it is Governor Palin or Senator McCain, needs to tell the voters that when Obama hits up the rich for more taxes (because "it's fair" or "patriotic"), he is simply penalizing the investors. The truly rich will still hire the accountants and lawyers and buy their boats, houses, and travel, but there will be much less left to invest. I saw some figures on how much Cindy McCain has lost recently. You're not sorry? I am. That's money that won't create jobs. (And she won't pay taxes on her losses, remember, so we're hurt two ways). So tax rate for the top 10% goes up, but Joe the Plumber or Jane the Pharmaceutical rep may be 100% out of a job. Jobs are created by the rich, not the poor.

Bush certainly hasn't been frugal. He's thrown money at education like he was a drunken Democrat from Massachusetts instead of a recovering Republican from Texas. He's infuriated conservatives. But he knows the way to bring in more money is to reduce the tax rates--that really spreads the wealth. Our nation's unemployment was under 5% for most of the Bush years because of his tax cuts. And before the housing meltdown caused by Democrats failing to rein in Fannie and Fred, the market was at an all time high. Obama doesn't care. He wants your job--as long as some rich investor gets taxed more. If you are 100% unemployed, well good, it just gives him more opportunity to make you more dependent on him. Makes him feel good--or powerful--or both.

The Team Obama's treatment of Joe the Plumber is just a foretaste of what's to come.

2 comments:

R. L. said...

"Our nation's unemployment was under 5% for most of the Bush years because of his tax cuts."

Not even close, but nice try. The tax cuts were passed in 2001.

Unemployment rates:

2002 5.8 (first year tax cuts would have had an effect).
2003 6.0
2004 5.5
2005 5.1
2006 4.6
2007 4.6

Please note - the unemployment rates for 2000 and 2001, before the tax cuts, were 4.0 and 4.7 respectively.

The unemployment rate for the nation was OVER 5% for the years since the tax cut.

Where did you get your facts? I got mine from the Bureau of Labor Statistics

Am I drowning in details again?

Norma said...

OK, I'll take your word for it--for 3 of the last 7 years it was 5.1% or lower--based on your figures. And remember 2002 was after the 9/11 attack which was a bit of a jolt to the economy and psyche of the nation, in case you've forgotten. Just wait till you see what's going to happen when Obama starts raises taxes on the folks who create jobs. Stay focused and stop majoring in minors--that's what this blog was about--Obama and his tax increases and how they will hurt your job and my retirement.