Like I was sayin… change isn’t always good. Senator Obama has an ambitious plan to bring change to America. However, several of those changes will make things much worse.
One of the keys to understand how America will suffer under an Obama administration coupled with a Dem congress is to look back to the debates. Obama was asked if he supported the raising of the capital gains tax even though raising the tax would bring in less revenue to the government. He indicated that it was the right thing to do if you look at it through the lens of fairness. What he is really advocating is that we should take more money away from “rich people” even if it means the government takes in less money. Apparently it is better for some people to have less even if it means nobody benefits. This is some sort of insane leftist thinking that will raise taxes to the point that the government takes in less money and sees that as being a good thing.
He is also on record as advocating raising taxes on the evil oil companies. Many people who are sick of paying “too much” for gasoline nod their heads like lemmings. Many people don’t understand that there isn’t really any such thing as corporate income tax. All business taxes are passed on to the consumer. If you raise taxes on oil companies, you either get higher prices or less oil (and then higher prices).
Obama also likes to push ending the Bush tax cuts (which is really just raising taxes). One of the things the Bush tax cuts did was to increase the child credit by $500. I am amazed at the people that support ending the tax cuts, but don’t realize it means they will pay an extra $500 a year per child in taxes.
With the rest of the world getting ready to pass America by, we as Americans need to wake up and become competative in the world.
First, we need an energy policy that makes sense. America gets around 20% of its energy from nuclear energy. This ranks America 19th in the world behind the UK, Finland, Spain, Sweden, Belgium, and France to name a few. We haven’t build a nuclear plant in years and we are beginning to lag behind the rest of the world.
We also have our oil policy totally wrong. America has enough known oil supplies in the ground to run America for over 60 years without using any foreign sources of oil. We also haven’t added any new refineries in years. It has gotten to the point that other countries have started drilling off our coasts to get oil that we refuse to get. Oil isn’t the solution in the long term, but we need to reduce our dependence on countries that do not support America or worse support those that would do America harm.
America is the greatest country on earth, but will soon find itself somewhere in the top 10 if we do not wake up and start making common sense actions rather than pursue populist policies that do not address short or long term issues.
Yes America needs change, but the change candidate isn’t bringing the change that would build America up, but rather would continue to push America toward its eventual ruin.
Posted by smrtas1