05 June 2008

Obama is a socialist



The Lima News as well the rest of the liberal main stream media will continue to give Obama a complete pass.

The question will be does the Marxist Obama shut down the MSM when they find out they are the same corporations he intends to tax to death for his redistribution plan.

Last one out - please turn off the lights.

Don't worry about locking the door - The Marxist-Obamaists will own the building.

05 June 2008 08:08:49
Time to bash the (D) and give JM a free pass dont you mean there Ohio Republican?
Can always count on TL to bash the (D), nothing new to see here. Maybe you like the fact JM said he too would spy on americans with out a warrent?
How many other fruitcake names can y'all come up with for Obama? Should be fun for all!

05 June 2008 10:14:52
Ohio Republiscum,

The problem is that more than 90 percent (I think I read that the figure was closer to 97 percent) of national media are registered Democrats. That is why Democratic policies such as universal health care, welfare for everyone, etc., are rarely tagged as socialist because most of the MSM likes the idea.

~tjl~

05 June 2008 11:14:26
dan,

I have no intention of giving JM a free pass this election. Nor will he get my vote.

As far as name-calling, I don't think calling a socialist a socialist is name-calling. Obama is a socialist and I will be repeating that often through November.

~tjl~

05 June 2008 11:15:52
According to Dictionary.com:

"Socialism= (In Marxist Theory) the stage following Capitalism in the transition of a society to Communism, characterized by the imperfect implementation of collectivist principles."
Seems to fit perfectly to me.

05 June 2008 12:17:50
AverageGuy,

The (D)s don't want to admit their socialist agenda. They would rather ignore the definition of socialism and pretend they are actually doing something good. Unfortunately Americans sit idly by and let it happen because they are getting something from the treasury. They simply do not realize that it is only the money the government stole from them in the first place.

~tjl~

05 June 2008 13:12:08
But..but.. I just got a check for 1800 Bucks! This Democratic congress rocks! Thanks Nancy Pelosi!

rolleyes rolleyes

05 June 2008 13:40:19
yea right!

05 June 2008 14:12:38
Dan:

The issue was "Obama is A Socialist" ... not Juan McCain. So you're just throwing spin into the situation. Demonstrate where Obama is not a socialist and then we can have a discussion.

Average Guy:

That same Congress is the one that gave you $ 4.00/gallon gas too - going back to last year. So don't thank Tuna nancy too much. Your auto is going to eat that $ 1800 us a lot faster than you had intended.

05 June 2008 15:33:19
The best thing people can do for themselves whoever gets in is to get out of debt and stay that way. This country I believe will see harder times ahead, there coming for your pocket and will say - we are doing this for the greater good for everyone.

05 June 2008 18:43:10
So? You are an Iraq War Veteren, and attend Law School in Toledo? Are you paying all your tuition out of your pocket, or do I suspect, perhaps, you are doing it on the GI Bill? That's Socialist...
Socialism is not a dirty word. If Obama is a Socialist, more power to him, he's got my vote for sure.

06 June 2008 07:39:33
Agreeing to work for the gov't in exchange for college tuition is not Socialism. Getting free college tuition because you're "disadvantaged", without working for it, is Socialism.

06 June 2008 09:34:06
I was in Southeast Asia from December 1969 to November 1970. When I got my Honorable Dsicharge in February 1971, I came home to my family. If I had been injured, I would havew expected the Army to pay for it.

I graduated from college and never took a dime from the GI Bill. I bought my house and didn't get a GI Bill guarantee.

People who desire the government payting their way when they are capable of paying their own way are the most dispicable creatures on the earth. They are willing to take advantage of the effort and work of another.

06 June 2008 13:38:26
john forrest,

My law school expenses are wholly out of pocket. The Army is not paying a dime for my law school. However, if it did foot the bill for me, I would not hesitate to take it as it would be part of my renumeration for services I gave to the Army. That is not socialism, that is capitalism, as AverageGuy pointed out. I did not go to war for free.

And yes, socialism is an evil word. Any system that takes wealth from one person and gives it to someone who did not earn it, that is immoral.

~tjl~

06 June 2008 15:33:09
Ohio Republiscum,

Well said and thank you for your service.

~tjl~

06 June 2008 15:53:03
Lucente, You are right on! That is why I am not voting for Obama. evil

06 June 2008 16:09:01
John Forrest .... Did the U S Government not pay you when you were in the Army. I didn't get but $ 135.00 per month and a $ 65.00 allotment for my wife but then it was the 60's too.

Thank you for your service and congratulations on your graduate school.

I'm a mechanical engineer from ONU.

My neice graduated from ONU in Law in 2001.

06 June 2008 16:40:38
Glenn Beck is right on, with this Vedio. God help us if Obama wins in Nov. You Obama peoople need to wake up before it is to late. If you don't want to vote for McCain. Do go to a third party and vote. Just don't vote for Obama! If I knew enough would vote a third party I would even go to a third party. But, I am not going to go to a third party and give the vote to Obama. You people for Obama thought Bush was bad. If you vote for Obama, you are just making this country jump out of the fring pan into the fire. And we are going to get Burned big time as a Nation. I'll vote for McCain and stay in the Pan. cry

06 June 2008 18:03:00
I think that it is great reading all of the rebuttles to this.(and the bickering back and forth.
I just wonder how it was ever the initial intent of the government to take 25-45% of our hard earned money...and piss it down the drain faster than they can collect more. I take it that if these Obama quotes are the total agenda of their presidential campaign, than the next thing they will do is to encourage the poor to have more kids (from multiple parents) so that the government will give them more money per month to sit on their porch...and at the same time blame the republicans for the sh**ty school systems. Oh yeah...they've been doing that for years. So what they are really saying is that they want to take more money from people like you and I so that these people...black and white...most of which have no intent on ever "legally" working for a living...can compete on the same "buying power" scale as an average citizen. Just as an exaple...i sold a Hot tub to someone the other day that paid most of it with her state issued welfare card. These people are making money on the side illegally and spending our tax dollars on a toys for their homes...and yet they want to tell me that I may need to be happy with a little less pie....HOW DARE THEY!!!

06 June 2008 22:48:53
Wow did somebody open a can of worms here, got to agree Obama is definately not my choice either. Just think if thunder buns Hillery goes along as v.p. , won't that be a circus.
Bill's just chompintg at the bit to get back in the White House, new batch of pages and all.
You got to admit the demo. party is really turning into a scarey bunch! Makes you wonder how long can this old world last, God's got to be getting close to fed up don't ya think?

07 June 2008 02:46:38
The Republicans don't complain when they benefit from those same "Socialist" programs, not do they?

07 June 2008 09:01:14
Doesn't matter if McCain wins he will not be able to get anything done. He will have to do the bidding of the Democratic party if he wants to get anything done. The Democrates will be gaining enough seats in the house and senate that they will be Veto proof, McCain will have no power to push anything though. neutral

07 June 2008 13:17:28
totally true...unfortunatelly

08 June 2008 09:58:21
Hey Lucente,

Put down the baby and start posting, Just kidding. Want to give you a hard time. I understand your preocupation, but miss your postings.

08 June 2008 14:31:12
Northwest Ohio republicans will never change. Most of the readers of this blog probably make less than 50k per year, live pay check to pay check, and think the national GOP have their best interests in mind on those 'family value' issues. Obama has no chance in northwest Ohio because the base of the Clinton supporters, i.e., undereducated, blue collar workers, making less than 50K won't vote for Obama because he's black. Obama will take a vast majority of the more college educated, earning more than 50k per year, and not a sucker for those supposed 'family value' issues, white voters than McBush. McBush is nothing more than Bush II rewarmed for another term. I really would respect those white northwestern voters if they would just be honest and say they aren't voting for Obama because he is black rather than using some tired excuse that's he's a socialist, a hater of America, his wife talks too much, his pastor controls his thought process, etc., etc., etc. Thank God I moved away from this area and to an area where rational thought is still a virtue rather than the lock-step mentality which still resounds in northwest Ohio.
Bearcat

08 June 2008 17:09:54
What? Obama is BLACK? OMG...thanks for clearing that up Bearcat. After reading your gibberish, the best reason I have for not voting for Obama is, YOU ARE VOTING for him.
And what if some of these posters make less then 50K a year?
Does that mean you don't respect their vote? And I for one think that voteing is/can be a personal matter. You have no RIGHT to ask or expect anyone to to give you a reason. AND if they give a reason you don't agree with, you want to call them a liar? HAHA!
To you I will just say SHUT UP. And thats all you deserve from anyone. OH yeah. Did I mention...S H U T U P?
PS. we are glad you moved out of this area.

08 June 2008 19:32:00
Get used to this crap, everyone. If you don't vote for obama, you're a racist. End of story. It couldn't possibly be that you genuinely disagree with his politics. rolleyes

08 June 2008 20:03:12
AverageGuy,

DITTO!

08 June 2008 22:24:08
wow...someone is preacing some very elitest prespectives. (Bearcat) My family does make well over 50k and we are "college educated". Besides, all college educated really means,in your case, is you spent more time with a liberal wacko that obviously brain washed you successfully! Good luck with that!

09 June 2008 09:29:15
bengalbob...now that was funny! eek

09 June 2008 14:57:54
Bearcat! Your full of it! Just like all on the Far Left Socialist. I am not voting for Obama, Not only because he is black, but for all of the reasons you mentioned. He is EVIL! evil We also make over 50K a year. And have own our own family business. I am proud that I am a Far Right Wing Evangelical Gun belief and Bible Toten Evangelical Conservative. I am voting for a person that has served his country and not afraid to send his own family into a war zone if need be. A true American. Not a pretend American Christian like Obama is. I don't care what anyone says. To me he is a Muslim. And those are the group of people that we are fighting in the War on Terror exclaim

09 June 2008 15:30:51
Obama is not a Muslim.

09 June 2008 16:16:42
ohio repb
shouldnt you be the one who has to proove something? When you call someone a name, accusse someone of something, SHOULDNT YOU PROOVE IT?

But I know thats not a (R) quality!

10 June 2008 09:15:25
So you all say! Yea! You all will see when he wins in Nov. And you all will be very sorry that you voted for Obama. This country is doomed if Obama wins in Nov. By, By our Freedoms if the Far Lift like Obama wins in Nov. You all will see! I am glad you all for Obama can afford to pay more Taxes. I sure can't. Again, This country is doomed if Obama wins. evil

10 June 2008 19:02:29
Wow, a bit defensive are we? Obama will not increase your taxes if you make less than 250K and will increase taxes on those making more than 250K up to what the rates were prior to Bush's misguided tax cuts. Under Bush, the national debt has balloned from around 5,000,000,000,000 to more than 8,500,000,000 in only 7 years. If you are in the upper 10% of earners (more than 105K) things have been better for you and if you are in the upper 1% of earners (more than 385K) then things have been much better for you with the tax cuts. Obama will move this nation towards universal health coverage, remove the gravy train from big insurance, big drug, big military, and big oil that they have enjoyed during this 7 year nightmare which is drawing to a close thankfully. Wouldn't it be great to again have America recognized as a shining beacon for the rest of the world rather than the war mongering nation we have become under Bush? It seems a bit odd that the self-proclaimed 'evangelical, conservative 'Christian' is so certain that Obama is a Muslim even though he proclaims to be a Christian. While I'm certain MM thinks she knows best, I'll let God decide the answer - I happen to believe him. The Republican party has been such a blessing for all of you in northwest Ohio both at the state and national level all these many years haven't they? All those good paying jobs fighting to come to Limaland, those rising home prices, those lowered medical costs, no longer a concern that National Guard troops might be blown to bits in Iraq certainly have been great for the area under Bush and the republicans now haven't they? While NW Ohio will probably continue to show their true Red colors when they vote in November, here's hoping Ohio turns Blue and the one true hope to put this country back on the right track becomes the 44th President of the United States - Obama.
Bearcat

10 June 2008 23:04:44
Bearcat,
A bit defensive? All I read above was...blah blah bah I'm a brainwashed demacrat. Think for yourself man! I, honestly, DON't like either of the major parties candidates because they BOTH lack one major thing in my opinion...an honest answer to any question given to them. Like you, they both are or have been brainwashed into acting! Yes...acting! And I guess if your happy with your fake self then that's fine with me...but i will not vote for a candidate that always stays in the middle of an issue. Pick a side for once Damnit! Don't give me this bull crap answer just because the mexican people that account for 5% of the vote in New Mexico don't like it....in fact...they might actually have respect for you for having the balls to stand up for what you believe in. Instead of listening to some over paid adviser that just tells them to talk for 5 min. without saying anything, GIVE ME YOUR OPINION ALREADY!!!

10 June 2008 23:25:34
bearcat, gotta tell you, here is one independent voter that's not voting for Obama and it has nothing to do with race or color.
I was a registered democrat for years, but what chance does that party have?
Look at the "elite" of the party Pelosi, Boxer, Reid, Screaming Dean, and of course the patron saint of honesty Kennedy.
I'll bet one of your heroes is Michale Moore right, he's a nut case too.
You kind of rant and ramble like him.

So if you are so glad you left NW Ohio why are you haunting the local blog, your local too smart for you? Got into this late, but it sure sounds like you aren't missed, gotta give you credit tho you sure got a lot of dander up around here.
Oh yeah, I make 70k plus and I still ain't voting for him!! Ciao

11 June 2008 00:16:44
bearcat- How will you personally benefit by raising taxes on the 250k and up crowd? How will that make you any wealthier? How will punishing Big Oil, Big Drug, Big Insurance, or Big Military make you any better off?

More importantly, who will get gas to the pump, find cures for disease, gamble on your health, or create life-saving technological military equipment when there is no longer a profit in doing so? Profit=good in capitalism. It's a profit-based system. Take away the profit, and the whole thing falls apart.

I agree it's a travesty that the national DEFECIT has returned under Bush (I'm not sure your national DEBT example proves anything). The solution is to cut BS gov't spending, NOT raise taxes.

11 June 2008 10:12:10
Bearcat...if you think that taxes will raise for every income level, you must be as stupid as you are uninformed. You have got to be kidding. Thats what Dem's do. Rasie taxes and give it away. Obama said, he wants to cut the pie more evenly. That means taking from everybody that anything, and giving it to all those who won't go to work to get it. Check your water supply Bearcat, I think you have yoo much lead in it. Did you eat paint as a child? I hear that causes brain damage too.

11 June 2008 13:38:07
OOOOPS...should have read..IF you think taxes will NOT raise for every income level.....etc.

11 June 2008 13:39:48
The warmth from your comments is very comforting. I didn't realize I was ranting. I will not directly benefit from those over 250K who will see their taxes increase to the prior levels before Bush reduced them. The country will benefit by the increased revenue and the value of the dollar will rise. With an increasing value of the dollar, the price of oil will fall as will the price of other commodities. Personally, I will be at a disadvantage because I am looking forward to $7 corn and $15 beans from our farm in NW Ohio. However, speculation by hedge funds have increased the values of all commodities and their decline will translate into reduced food and fuel costs for all Americans. Mr. Moore makes movies to make money. I thought making money in America was the purpose of all endeavors. Having an 'elite' might not be such a bad thing. If I recall, a majority of Americans would have rather have shared a beer with Bush than either Gore or Kerry. That common man, Bush, certainly has left his mark on this nation and the world now hasn't he? This country spends 20% of its budget on the military. While I certainly admire the members of the military, I did 6 years myself, the amount of money expended is a tremendous waste. At least the current Secretary of Defense has made some common sense decisions on what weapons are needed and some of the pork of the military industrial complex should and will be eliminated when Obama becomes president. Ike wasn't wrong in his remarks on this issue when he was leaving office and I think he knew a thing or two about the military. The drug, oil, and medical insurance industries have had a free ride these past 7 years and I doubt if any of them will go out of business soon. A bit more oversight on each of them will yield benefits to all Americans through better coverage and lower costs. The level of the national debt is very much important. The costs to finance the increased burden will eat up more and more of the money collected by the government in future years and there is just something wrong about passing on the cost of this war and the shortsightedness of increased spending and lower taxes on future generations. I really don't see why my kids and their kids and their kids should shoulder the costs that this current generation should have covered when we went to war over WMD which never existed. Every poll of Americans indicate that change is wanted on how we do things. The republicans ran Ohio for years and in 2006 the people spoke and the democrats nearly swept to power in all statewide elective offices. In 2006, the nation expressed their desire for change by sweeping the republicans out of control of both the House and the Senate. In the last 28 years, the republicans have been in charge of the White House for 20 years. What have they done that benefits Americans today? Obama just might be the failure that most of you claim he will be if he is elected. I say a McCain election will give us more of the same that has given us nothing in return. The nation is demanding change and Obama is the only one who can deliver that change and I am willing to give him a chance and I feel many more Americans will do the same.

12 June 2008 22:46:32
Bearcat,

I have know doubt you love your country and want whats best for it. Reading this thread you have taken some hard hits, and I think your in the minority. I mid as well pile on too. I think by the government raising taxes on people because they worked hard and made some money is wrong. The politicians have done a masterful job of creating class envy..."those evil rich people are keeping you back," and so forth. Vote for me and I will level the playing field and make them pay. twisted Bearcat, I am one of those people here in NW Ohio who make under 50k a year, you think I am backwards or something for the way I feel, you said your glad you moved away from us. Well, you have that right. I am not going to cuss you out because thats not me. I never went to a poor man for a job! You are right about the falling dollar making things more expensive, but how will punishing people who went to school worked there butts off, will benifit me? I believe it is our own politicians--the defenders of the little man, or so they say, have sold us a bill of goods. Nothing is the fault of our elected officals....oh, no. They do a masterful job of pointing the finger at others to get the attention off themselves, the rich, big oil, big drug and so forth. By there own actions they hurt the average guy, and tell us it's someone else's fault. Tax cuts work, when taxes are cut, not just for the rich but everyone, people benifit. JFK, a democrate, cut taxes and revenue to the treasery increased. When taxes are increased revenues decrease to the treasuray, it's a proven fact. I wish I made more money, but, I made my choices in life, and do not begrudge anyone who strived and made more than me. People should be fearful of someone saying, They don't deserve to be rich and I will take from them and give to you, what is this Robin Hood stuff. I read a book recently called "Crash Proof" by Peter Schiff. Not that he changed my mind, but rather reinvorced my own thoughts. He states that the government hides and keeps from the American people the true economic condiction of this country. The tresuray used to disclose the amount of money in circulation, not anymore, and hasen't for many years. Also they do not figure inflation the way it should be. Don't have the time to go to in depth with all of this but would encourage anyone to read it. Not saying I agree 100% with him but does give you some thought.

Bearcat you want more oversite of big buisness, but what about more oversite of government spending, fedreal spending is killing this country and economy. what makes you think government does a good job of handeling money, or running things. Have you stood in line at the BMV. And yet many people want the government to run there lives. I know personally, I work for state government.

Republicans and Democrates, my opinion, there one in the same. MaCain or Obama, no differance, doesn't matter who you vote for.

13 June 2008 00:50:42
Still cant get an answer heh?
IF, Obama will lower the taxes of 90% of americans, and McBush will not, why vote for McBush if you want lower taxes? IF 70% of national debt, was from 3 (R) prez, why vote for them, if you are concerned about OUR LOOT?

If RR, and GWB lowerd taxes and the economy tanked, and BC and GB rised taxes, and the economy boomed. Is there a point someone can make about tax cuts being a good idea?

07 July 2008 14:09:32
Dan,
I am not going to fight with you anymore, I gave my opionions and facts and asked you qeustions you didn't answer. I am not going to change your mind, and you won't change mine. Let's agree to disagree. The debate has been good I enjoyed it.

07 July 2008 15:11:55
Change my mind? Its either true, or its not. SO?

07 July 2008 15:30:01
Dan,

The problem is that your premise is seriously flawed. Obama is NOT going to lower taxes for 90 percent of Americans. If you think so I have a bridge in Brooklyn I would like to sell you.

And clearly, you have no concept of how economies work. We had 18 years of a great economy because of RR lowering taxes. It would have even been a longer period had BC not messed it up.

~tjl~

07 July 2008 16:10:30
Do tell TL! Do tell, why is he not?

Why did the first Bush raise taxes?
Clinton raised taxes, and we got 7 years of double digit uinvestment growth and a booming economy.

W lowerd taxes AND? Not so pretty Tom.

Your facts are wrong and your logic flawed. Besides we could have done without ALL of RR debt. But being honest about who did what and what was the outcome, is not your strong suit IMO. You even believe RR didnt comitt any crimes during Iran/Conta.
So IMO you are hardly a credible unbiased sourse of info. Nice try though.

07 July 2008 16:40:56
Dan,

Seriously, please tell me why you think Obama is going to reduce taxes. No one believes that. That is the most ridiculous statement I have ever heard.

And if you want a clear understanding of economics, read "Wealth of Nations" by Adam Smith and you will understand how raising taxes harms the economy. It is true and only idiots think you can help the economy by raising taxes.

Finally, the economy under Clinton was thanks to RR's tax cuts. Even you have to admit that as true. Even today, are taxes are still no where near where they were in 1981 when RR took office.

~tjl~

07 July 2008 16:46:36
You dont believe that, but you dont believe alot of things that are true.

WHY DO YOU KEEP LEAVING OUT BUSH ONE? He raised taxes and so did Clinton.
No I dont have to admit that is true, RR bankrupted the country, and IMO is more responcible for the mess we are in now, at home and the middle east than any prez.

Obama says he will cut taxes by 80 bil, for mostly people who work for a living.
I know who is not going to cut my taxes, JM, or BB.

07 July 2008 16:55:07
Dan,
Dang it, I can't resist. One last parting shot. Quit using the, IMO, cause thats all you have is your opionion. Back it up with some verivable facts, brother.

07 July 2008 17:05:43
Dan,

Those who work for a living? Bill Gates works for a living. Will his taxes get cut to?

I don't keep leaving Bush I out. There is nothing to say. He was absolutely wrong to raise taxes. That is why he lost to BC.

Again, explain why you think Obama will cut your taxes. He won't. He can't. Especially if he wants to implement all the programs he claims he will implement.

And lowering taxes for the middle class but raising them for the wealthy is not lowering taxes. Who do you think ends up paying the taxes of the rich? We do through increased costs. That is how the economy works, yet all you socialist Democrats live in a fantasy world where wealth is distributed evenly and everyone still works hard to make the society work.

Grow up. It is time to leave those childish fantasies behind and face reality. Higher taxes ALWAYS equals a slower economy. Lower taxes ALWAYS improves the economy. We have more than 2,000 years of evidence to show this as true.

~tjl~

07 July 2008 17:06:40
I said 90%, that would be the lower 90%. But you knew that.

JM will lower BG taxes, now you get it?
You leave Bush out because he raised taxes and saved us fron RR voodoo.

Now lowering taxes is not lowering taxes? ABSURD.
So if Obama lowers taxes it wont help the economy? Make up your mind. Now who is childish? Always names and lables. AKA BS!

improves economy and buries us in debt you mean?

07 July 2008 17:14:15
Scant,
Obama SAYS he will lower my taxes and yours I assume. FACTS?
Clinton raised taxes and we had 7 years of double digit investment growth, 22 million new jobs and a surlpus. THATS NOT MY OPINION! So what do you got?
Ever heard of VOODOO economics? Iran/Contra? Saddams WMD? Maybe you should check for facts?

07 July 2008 17:18:25
We already know what that double digit investments was, and it began petering out as fast as the dot coms started. And, the new jobs began fading away a year before Bush was elected. The surplus mostly came from the largest tax increase in history, courtesy of Bill Clinton.
As for Obama:
From Heritage.org, just as Tom explained: Presidential hopeful Senator Barack Obama (D–Ill.) has unveiled his economic plan of raising taxes on the successful. His plan would boost the top marginal rate to well over 55 percent—before the inclusion of state and local taxes—resulting in many individuals seeing their marginal tax rate double. The consequences of this policy would be a return to the bad old days of tax avoidance, with taxpayers disguising personal income as business income or capital gains and the migration of capital from the United States to abroad.

Among the more prominent elements of his tax proposal, Senator Obama would end the Bush tax cuts and allow the top two tax rates to return to 36 and 39.6 percent. He also would allow personal exemptions and deductions to be phased out for those with income over $250,000. The real kicker, though, is that Senator Obama would end the Social Security payroll tax cap for those over $250,000 in earnings. (The cap is currently set at $102,000.) These individuals will then face a tax rate of 15.65 percent from payroll taxes and the top income tax rate of 39.6 percent for a combined top rate of over 56 percent on each additional dollar earned.

High-income individuals will be forced to pay even more if they live in cities or states with high taxes such as New York City, California, or Maryland. These unlucky people would pay over two-thirds of each new dollar in earnings to the federal government.

How the Obama Tax Plan Compares to Other Countries

Senator Obama's new tax rate would give the United States one of the highest tax rates among developed countries. Currently only six of the top 30 industrial nations have a tax rate for all levels of government combined of over 55 percent. Under this tax plan, the United States would join this group and have a higher top rate than such high-tax nations as Sweden and Denmark. The top marginal rate would exceed 60 percent with the inclusion of state and local taxes, which means that only Hungary would exceed Senator Obama's new proposed top tax rate.

The costs in economic terms of such high taxes are real. For example, of the six countries with higher tax rates than 55 percent, the average unemployment rate is 7.35 percent (see chart). This figure includes Denmark, which appears to have a very low unemployment rate of 3.9 percent. However, Denmark spends over 5 percent of its GDP on unemployment programs and benefits, thereby increasing its unemployment rate.[1]

A Return to the Bad Old Days

Historically, Senator Obama's tax rate would be the highest individual tax rate since the Jimmy Carter days. Tax shelters and tax avoidance strategies were common when the top marginal rate was 70 percent or higher. This new top tax rate will again encourage these gimmicks, reducing investment and economic growth as resources are squandered in an attempt to avoid punitive taxation.

Many individuals will attempt to transfer their compensation from wages to capital gains, since capital gains would only be taxed at 25 percent, or less than half of the top rate on wages. This would put a great deal of pressure on a company to do anything it could to make its stock quickly increase in value. Other individuals would try to incorporate so they could pay business taxes instead of having to pay taxes on their wages. Again, these resources would be diverted away from more productive uses and slow the economy.

07 July 2008 17:31:57
Dan,
I can't believe I am letting you goad me into continuing to respond to your twisted thinking. You are championing Obama for lowering your taxes and then out of the other side of your mouth, you say, Clinton raised taxes and we had an economic boom? Which is it, Dan, you for lowering taxes or not, give me a straight answer for once. FACTS, thats what I been asking you for. Give me a news artical, website, of an indepent source to back you up.

A debate in which Obama and Hillary had back in the primaries - he said he wanted to raise the capital gains tax, which will hit guys like you and me. He also said, he will let the Bush W tax cuts exspire. If you want the date of that debate and the network it was on I will find it for you. Tom, you could find that out faster than I could, please give it to him. George - and I know I will screw up his last name - Stepholuest, did the moterating on that debate - a Democrate - grilled him on that, and his ties with William Ayers, a terrorist.

07 July 2008 17:41:49
Im saying Obama says he will lower my taxes. Im saying Clinton raised taxes ans it lead to a to a booming economy. Whats so hard to understand? My comments were for those people who cry about taxes. If you are FOR LOWER TAXES, than Obama says he will lower yours.

I am for lowering MY taxes. Still confused? Im for making kazillionaires pay theres. Still confused? This site wont let me copy and post, so Im not going to spend all day typing just so you can blow it off. If you want to know about Obama tax plan, look it up. Then call me a liar if you cant find it. Its there. Is there such a thing as a un-biased independent sourse? WHO? Where? Maybe you should do your homework on "those capital gains taxes"? Then you would know. He said he would let those tax cuts expire, (which I agree), then he would lower the taxes for people who make less than $200,000, thats would be ME! Maybe you should also look up this so-called terrorist and ties to Obama, before you repeat nonsense? Maybe you should look at the ties the (R) have with terrorist? Try GOOGLE

Bottom line, IMO Obama will win, because the (R) are like old fish, and (I) have no chance as of now. Hopefully soon all that will change, but right now, not a chance. So I guess the world is coming to an end in Nov.

I will await your un-biased, independent sourse. I wont hold my breath.

07 July 2008 18:09:33
Here's an unbiased, independent source: http://www.ontheissues.org/barakobama

Strongly Favors topic 11:
Make taxes more progressive
(-5 points on Economic scale) Trillion dollar giveaway: the Paris Hilton Tax Break: Strongly Favors topic 11
Bush tax cuts help corporations but not middle class: Strongly Favors topic 11
Tax cuts for the rich do not create jobs: Favors topic 11
Rated 100% by the CTJ, indicating support of progressive taxation: Strongly Favors topic 11
NO on raising the Death Tax exemption to $5M from $1M: Strongly Favors topic 11
YES on increasing tax rate for people earning over $1 million: Strongly Favors topic 11
NO on allowing AMT reduction without budget offset: Favors topic 11
NO on extending the tax cuts on capital gains and dividends: Strongly Favors topic 11
YES on $47B for military by repealing capital gains tax cut: Favors topic 11
NO on retaining reduced taxes on capital gains & dividends: Strongly Favors topic 11
NO on permanently repealing the `death tax`: Strongly Favors topic 11
NO on supporting permanence of estate tax cuts: Strongly Favors topic 11
NO on raising estate tax exemption to $5 million: Strongly Favors topic 11
NO on repealing the Alternative Minimum Tax: Strongly Favors topic 11


07 July 2008 18:15:19
Dan,
Like I said, agree to disagree, well see in the next for years. It's been fun. Untill the next blog and topic. cool

07 July 2008 18:17:21
So Obama will lLower the tax that Happy pays? And thats a bad thing? LOL
And Scant quits, because? WHERE DID WE DISAGREE?

07 July 2008 18:20:22
Happy,
Aperciate all the info, I do, but your beating your head against the wall with Dan. He doesn't want facts, give it up he is lost.

07 July 2008 18:20:36
Dan,
Can we agree that America is the best damn country in the world?

07 July 2008 18:23:13
happy NEWSMAX? LOL!

07 July 2008 18:25:33
Scant,
YEPPER no doubt in my mind about that one.

BTW what FACTS have you produced? ZERO! And you call me lost?

07 July 2008 18:27:28
I know that most on here, and of course the writer TL. Fact
Either a (D) or a (R) will win and be the next Prez. Fact
I know everyone understands what the word "IF" means. Fact
I know how most of you think about taxes. Fact

I asked, IF, that is "IF", Obama is going to lower my taxes, and McCain will not.
(it dosent matter IF either is true)
IF that happens, why should I not be for the guy, who is going to lower my taxes, and puit more money in my pocket?

What I got was the usual nonsense, by the book. Inuendos, accusations, cry about sources, change subject, then call names. But didnt answer the question. FACT!

Obama or McCain will be the next Prez. Fact

SO?

07 July 2008 19:21:40
Dan,
You are absoulty right, I should have never doubted you. I stand corrected.

07 July 2008 19:45:24
Where in the heck did you get Newsmax out of my post? "On the Issues" is a non partisan site that has all the candidates included. Try again! All that twisting and turning is going to sprain your back. It's already strained your brain.

http://www.ontheissues.org/Barack_Obama.htm

08 July 2008 07:19:58
Follow the link Happy, Its from NEWSMAX!
Idependent heh? LOL

08 July 2008 12:12:53
You're full of it, dan. One the Issues has always been a non partisan site. They are not associated with Newsmax, and you know it.

Please donate to OnTheIssues.org!


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08 July 2008 16:59:31
Here's a good one for you, dan.

[Img]http://obamaism.blogspot.com/[/omg]

08 July 2008 17:51:27
Again, this country is DOOMED if Obama wins in Nov. He is evil and cry Obama people will have great recreats next year this time, if Obama wins. sad

12 July 2008 18:05:01



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