OK...it's time to get over the looks, feel and glitz of the Obama campaign and take a look at what Obama is trying to sell. In case you have not noticed Mr. Obama's poll numbers vs his Republican opponent are pretty close. That, in and of itself, is an interesting fact given Mr. Obama has been on the campaign trail for almost two years and has had more than his share of coverage from the Main Street Press (actually by a four to one margin...Mr. Obama has, for example, been on the cover of Time magazine seven times in the last year to Mr. McCain's two times...go figure). So why can't Mr. Obama close the sale
Foreign Policy Experience: None! But Mr. Biden (a 36 year member of the Senate and the current chairman of the Senate Foriegn Relations Committee) has a bunch! Mr. Obama only gives us "one-liners" when speaking of his diplomacy plans with China, Europe and Russia as it pertains to the security of America and our allies.
Tax Policy: What can I say? Up to now his policy and practice has been increase taxes and spend more money. Can we expect anything different? Oh yea, I forgot he has promised change! What change? Well...he has promised massive tax increases on investors, business owners, and the "wealthy". Since I am an investor (my 401K...my retirement...is my investment portofiolo) I can look forward to being taxed more. As I see it his tax plans would directly or indirectly harm US investors by raising the capital gains and dividends taxes. Since more than half of US households are equity owners I see this as alienaiting half the US population! About 38% of the US households pay no income tax today. Under President Obama (whose policies would shave 15.3 million households off the tax roles) that share would grow to nearly half of all american households. We have been told that everyone should pay their fair share...sounds pretty unfair to me!
Health Care: A national health insurance, heavily subsidized by taxpayers, would be offered to the currently uninsured. Mr. Obamas instincts on health care are always to move more people onto rolls of government-paid and government-mandated insurance, while depriving the marketplace the oxygen i needs for greater innovation, life-saving cures and efficiency. We have heard all of this before and no matter how much Mr. Obama promises us CHANGE we know a government giveaway when we see it!
Energy: Drill less, consume less, tax more, spend more. Not even a whisper about nuclear energy - the only meaningfully large, carbon-free source of domestic energy - he is promising a massive increase in domestic, noncarbon-based energy from sources that produce only a fraction of our energy now. Oh yea...he has also proposed massive tax increases on US oil and gas companies while continuing to cut off vast swaths of US territory to drilling! He can't close the deal because he does not get that the American people are wiser than they are given credit for...they know that if you restrict supplies and tax production the prices GO UP!
So what can we expect from a President Obama? Change?! Yup. A change in the tax rate! BUT...he promises he will only tax businesses! We don't have to worry about tax increases if we don't purchase any goods or services from businesses! We don't have about tax increases if we on our paychecks from businesses! DO WE?? And he will increase taxes on investors...we don't have to worry if we are not in the 50% of Americans who invest!
Hollywood has it's cause in Mr. Barack Obama! The media has it's historical change...a Black Man...that they want to take credit for getting into the White House. Washington has it's man in 36 year Senator Joe Biden who is the consumate beltway insider and professional politician! This is the ticket of the non-thinker...which is exactly who they want to attract to their cause.
If you listen to the hype and process the words they say nothing. If you review Mr. Obama's plans you will see the typical failed "tax and spend" strategies we have seen for years...repackaged.
Mr. Obama talks the "change" talk but walks the "same" walk.
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