Sunday, November 2, 2008
Something for Nothing
Obama has promised to lower taxes on those earning less than $250,000 per year. When he takes office, he will announce that though it rends his heart, the previous administration left the economy in such a dire state that no taxes will be lowered. No nation has ever taxed its way into prosperity. The ideas of John Maynard Keynes have been tried and discredited. The junior Senator has claimed to be all things to all people except the rich-for he and Biden a moving target that is now according to Joe $150,000. Barry still contends he will lower taxes on 95% of people when almost half pay no federal income tax now except withholding putatively for their own retirement (Social Security). This is not tax relief but welfare and in any event will not happen unless the government devalues the dollar creating massive inflation. Obama is playing sugar daddy-Santa with the confiscated earnings of the productive which will only diminish their initiative, thwart growth, and cripple the recovery. Obama is already known to break his promises as in his pledge to take Federal campaign financing. He merits no trust. Fear Obama-vote McCain.
Labels:
commentary,
conservatism,
economy,
election,
McCain,
Obama,
Politics,
trust
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