Every time a liberal has a problem the only answer he or she can give is to raise taxes, increase spending, and cut the military. Precisely what OBama wants to do. Here's excerpts from his CNBC interview. I cracked up when he did not answer the question as to whether he was a liberal. But here you have it from the horse himself. He is going to double the tax rates on Cap Gains and he's going to increase tax rates back to 39%. So any household making in excess of $ 70K per year (the majority of Americans married filing jointly), your federal taxes are going up which is very moronic in a recession. Remember your idol JFK Barack? He cut taxes in the recession which got the country out of the recession. You don't raise taxes in a recession. That's macro economics 101 pal. In any event, read it for yourself:
Sen. OBAMA: “Well, you know, what I've said is that we should go back to probably a top marginal rate of 39 percent what it was before the Bush tax cuts. So I would roll back those Bush tax cuts, I would not increase taxes for middle class Americans and in fact I want to provide a tax cut for people who are making $75,000 a year or less. For those folks, I want an offset on the payroll tax that would be worth as much as $1,000 for a family. Senior citizens who are bringing in less than $50,000 a year in income, I don't want them to have to pay income tax on their Social Security. And as part of my overall approach to housing, I actually want to provide an additional 10 percent mortgage deduction, a credit, mortgage interest credit, for those who currently don't itemize. Because if you live in a house that's pretty expensive, like I do, and I itemize, I get a pretty big break from Uncle Sam. If you own a $100,000 house and you're making 65, $75,000 a year, you're not getting that same deduction. I think that they deserve a break as well. That will actually help relieve some of the pressure on homeowners.
BARTIROMO: Why raise taxes at all in an economic slowdown? Isn't that going to put a further strain on people?
Sen. OBAMA: Well, look, there's no doubt that anything I do is going to be premised on what the economic situation is when I take office. I'm going to be sworn in January, we don't know what the economy's going to look like at that point. And, you know, the thing you can--you can be assured of is that I'm not going to making these decisions based on ideology. I'm not a dogmatist. I know that some, you know, my opponents to the right would like to paint me as this wooly-eyed, you know, liberal or wild-eyed...
BARTIROMO: You're not a liberal?
Sen. OBAMA: The--but my attitude is that I believe in the market, I believe in entrepreneurship, I believe in opportunity, I believe in capitalism and I want to do what works. But what I want to make sure of is it works for all America and not just a small sliver of America. And if it turns out--if somebody can make a persuasive argument to me that, you know what, what we need at this juncture, at this particular point in time is a different set of policies than some of the ones that I've proposed, I'm always going to listen to people. Because I think one of the problems, in fact, with the Bush administration has been its rigidness when it comes to economic policy. I mean, you ask them any question, they'll say tax cuts. It doesn't matter what the problem is, if it's, you know, our trade deficit: tax cuts. If it's, you know, slowdown in manufacturing: tax cuts. You know, at a certain point, you know, if you've only got one arrow in the quiver, then you're going to have problems.
[The answer Obama did not give is “yes” - he’s a tax and spend liberal … It’s a good interview and it clearly shows that he will spend more money for social programs by raising taxes, by cutting the military and he will enact protectionist legislation]
You can read the entire interview
here.
0 comments:
Post a Comment