This Could Be a Disaster (Update)
John on November 2, 2008 at 11:11 am
I don’t wish it would happen, but the more I listen to Barack Obama talk about the economy, the more I’m convinced he’s going to make a hash of it at a time we can ill afford it:
The video makes some sound points (though I think the teachers union jab was a bit heavy handed). For one thing, Obama never does answer the question. For another, his answer about the top 50 hedge fund managers earning $30 billion did confuse capital gains taxes with income taxes. The two are not the same. Essentially Obama wants to lower the tide in order to bring down the top 50 boats. Why? Because according to him that’s fair. This is almost a conservative cariacature of Democratic policy, i.e. punish everyone so that things are more equal.
Add to this his admission in January 2008 that his plan would cause energy prices to skyrocket and that he would drive coal plants out of business. Please note, these are his own words. Is this the change we need in the midst of a recession? I think this guy is likely to take the economy into a ditch, but I hope I’m wrong.
Update: This video is really worth a look [HT: Hot Air]:
Even if you discount the $120K figure as coming from someone outside the immedate campaign, it’s amazing to me that after 18 months of campaigning on “95% of Americans will get a tax cut”, i.e. those making under $250K a year, he has the audacity to drop this $50K in the last two weeks. It’s an astounding bit of sleight of hand worthy of a used car salesman. But I’m not convinced anyone is still listening. Too many Americans are buying the packaging not the contents in this case.
Category: Politics |
This is why I dislike allowing early voting: too much that’s material to making a choice comes out late in the campaign.
And I can’t believe this guy is near 50% in the polls. I can only assume it’s because he’s been such a cipher during the campaign.
November 2, 2008 @ 11:58 amThe economy is so complex and with so many problems and with so many world wide variables that when either candidate claims to know how to get it back on track they are either lying or deceived.
“And I can’t believe this guy is near 50% in the polls”
That may be to an unwarranted and inflated view of the American electorate. We underestimate the effect that money, the media, commercials, speeches, and how information is disseminated to the masses controls many people’s views. I would love to see the statistics of how many presidential races were won by the candidate with significantly lesser funds.
November 2, 2008 @ 1:06 pmMe too, Rick. In all this, what leaves me speechless, is the amount of money that is spent, the amounts just seem obscene!
November 2, 2008 @ 3:58 pmThe economy is no more complex in a free enterprise system than each individual looking out for his or her self. The bottom line with this election is the gene pool of the USA has deteriorated significantly. Obama appeals to our fears and relies on stupidity for votes and close to a majority of people apparently identify with it.
November 2, 2008 @ 7:11 pmObama promises a tax cut for those making less than 250k per year. However, the best indicator of future behavior is past behavior. This is a man who has never voted to cut taxes. This is a man who has always voted to increase taxes. Bill Clinton promised a middle class tax cut as well, but he changed his mind when he got into office. Obama will do the same thing.
The above statements should have been the focal point of McCain’s criticism of the Messiah. He never did it forcefully and it will cost him the election.
November 2, 2008 @ 7:24 pmIs that due to intermarriage and/or immigration?
November 2, 2008 @ 8:28 pmMost of the immigrants south of the border that have infested our fair nation have little grasp of our language. They believe that California was stolen from them and should be a part of Mexico. This is not a gene pool of any significant note. They have adopted a good case of victim mentality and believe our country owes them free health care, free education for their kids, free lock-up of their felons (27% of our state institutions are made up of illegals), free lunch programs for their kids, food stamps and any other giveaways that the Democratic party is so eager to give them to get their votes. They refuse to do what my grandparents did when they immigrated here – learn the language, obey the law and become productive, self-sufficient citizens who contribute to the overall good of the nation.
November 2, 2008 @ 8:38 pmAs I understand it Obama began his tax cutting promise at 250K a year but has since reduced it to 50K a year (I think – may be wrong on the exact number). Those changes do reflect his inexperience. But, I do agree with Rick that it would be a stretch to assume McCain automatically understands “all things fiscal.”
Obama’s lack of experience makes him naive. McCain’s experience possibly makes him manipulative. A weakness in the one is not an endorsement of the other.
November 3, 2008 @ 1:13 amI don’t endorse either candidate. I’m voting for Alan Keyes.
November 3, 2008 @ 9:04 amLet it come tumbling down. Vote for Obama. Sometimes, we have to learn the hard way. It stays fixed longer too. America only reacts after crisis strikes.
November 3, 2008 @ 1:48 pm