Big Dogs Weblog

Obama Apple Stays Near The Tree

by Big Dog on Sep 8, 2008 at 22:27 Political

If Barack Obama is elected president he, with the assistance of a Democratic Congress, will impose huge tax increases upon us. His defenders claim he will roll taxes to what they were under Bill Clinton. Those were bad enough but with all the spending he has proposed, he will have to increase taxes much more in order to push through his agenda. However, Obama hedged on taxes a bit:

Democrat Barack Obama says he would delay rescinding President Bush’s tax cuts on wealthy Americans if he becomes the next president and the economy is in a recession, suggesting such an increase would further hurt the economy.

Nevertheless, Obama has no plans to extend the Bush tax cuts beyond their expiration date, as Republican John McCain advocates. Instead, Obama wants to push for his promised tax cuts for the middle class, he said in a broadcast interview aired Sunday.

“Even if we’re still in a recession, I’m going to go through with my tax cuts,” Obama said. “That’s my priority.”

What about increasing taxes on the wealthy?

“I think we’ve got to take a look and see where the economy is. I mean, the economy is weak right now,” Obama said on “This Week” on ABC. “The news with Freddie Mac (FRE) and Fannie Mae (FNM), I think, along with the unemployment numbers, indicates that we’re fragile.” My Way News

Obama will delay rescinding the Bush tax cuts because the economy is in a recession (it is not). Therefore, he is admitting that taxes hurt the economy. If taxes helped then it would not matter when he rescinded them. The reality is, even under the best of times, taxes hurt the economy and when it is not in great shape the pain is even worse.

He also admits that he would have to take a look at his tax increases on the wealthy because of the fragile economy. In other words, we have more people out of jobs and high prices so if he raises taxes those who create jobs will stop creating as many and more people will be unemployed. The increased taxes will cause prices to go higher (tax increases are passed on to consumers) and people will pay even more.

The way to solve the problems is to cut federal spending. Eliminate unnecessary and duplicate programs and cut budgets. This will decrease the need for our money and we can keep the taxes low or lower them even more. People who earn the money should keep it and decide how it is spent.

Taking money from those who have more of it and redistributing it to those who have less of it is Socialism. That is what Barry Obama is all about because it is in his blood:

“What is more important is to find means by which we can redistribute our economic gains to the benefit of all. This is the government’s obligation.”
~snip~
“Certainly there is no limit to taxation if the benefits derived from public services by society measure up to the cost in taxation which they have to pay. It is a fallacy to say that there is this limit, and it is a fallacy to rely mainly on individual free enterprise to get the savings.” Barack Hussein Obama, Sr.

The apple certainly does not fall far from the tree. Daddy Hussein was a Harvard educated economist. Amazing what a goat herder can do when he puts his mind to it.

The link to the story about his father is very enlightening. Particularly interesting is this gem:

Obama Sr. described his own economic plan, his counterproposal, as it were, as “scientific socialism — inter alia — communism.” Yes, Obama’s father was a communist who wanted to put socialist theory into action — by “force.” [emphasis mine]

Tags: communism, economy, high taxes, Obama, socialism