American Elephants


Dawn of the Dead?
October 31, 2008, 1:16 pm
Filed under: American Elephant, Conservatism, Election 2008, Politics, Socialism | Tags: , ,

They don’t eat. They don’t sleep. They don’t think! They have no will of their own. They walk the Earth, in search of brains, with that dazed look in their eye.

You may have noticed I haven’t posted much of late.

Writer’s block.

I simply haven’t been able to figure out what to write. How do you appeal to the reason of those who aren’t reasoning? How do you persuade the unpersuadable? How do you get through to the walking dead?

But of course, you don’t. Obama supporters aren’t going to listen to reason. You can run through his math, and prove that it doesn’t add up. You can play audio of his disdain for the constitution and founding fathers. You can catalogue his shady dealings, radical ties and corrupt connections, or detail his disturbing attempts to prosecute and intimidate critics….

There is no persuading the Obamazombies.

But, I realized, there is a great deal we can do. We don’t need to wake the dead. We can beat them.

The media are working very hard, and very deliberately to convince you the election is over. You’ve probably heard many pundits say as much. “It’s over”, “Obama’s clinched it” — any story they can find to convince you your vote is pointless. They even run reports of a bookie in Ireland who has paid out on bets, conceding that “Obama’s already won”.

They’re doing it very much on purpose.

In 2000, they learned that by calling the election in Florida before polls were closed in the panhandle, they convinced thousands not to bother. They are applying that lesson now, trying to dispirit and depress Republican turnout.

Don’t listen to them. It’s deliberate, pre-meditated propaganda. The polls are close and getting closer. McCain and Palin have struck a chord by pointing out Obama’s redistributionist promises. The all important youth vote? The one’s that are supposed to be most motivated to turn out for “the One”? …John McCain now leads that demographic.

So don’t listen to Obama’s mouthpieces in the MSM. Do NOT be discouraged. Be absolutely sure to vote. Vote early if you can. Call your friends and family and make certain they vote as well. Call up your local McCain campaign, or the campaign offices of your local Representatives or Senators and volunteer to help them get out the vote.

Voter turnout will decide this election — it’s that close. All we need to stop 4-8 years of socialism, a drastic lurch to the left, liberal courts, the “Freedom to Choose” Act, “Card Check”, the “Fairness” Doctrine and electoral reforms intended to keep Democrats in power in perpetuity — is to ignore the media, don’t despair, vote, and help our candidates turn out the vote! If you live in a solid-red state or precinct, the campaign can give you a phone and you can help turn out the vote in a swing state!

If you’ve never done it before, volunteering for a campaign can be a little intimidating. There’s no reason it should be. It’s very easy. Call up, or drop by in these last few days, and ask how you can help. It’s not rocket-science. They’ll teach you everything you need to know. But it makes a very big difference!



Will Obama Gut the Military?

“I’ve fought for open, ethical and accountable government my whole public life.”
BWA HA HA HA!



Obama’s Dishonest War.

Back at the Saddleback Church debate, Obama was asked by Pastor Rick Warren what was the most gut-wrenching decision he ever had to make and what was the process he used to make it?

Obama said:

The opposition to the war in Iraq was as tough a decision that I’ve had to make, not only because there were political consequences but also because Saddam Hussein was a bad person and there was no doubt that he he meant America ill.  But I was firmly convinced at the time that we did not have strong evidence of weapons of mass destruction and do we know how the Shiites and the Sunnis and the Kurds are going to get along in a post-Saddam situation”  What’s our assessment as to how this will affect the battle against terrorists like Al-Qaeda?  Have we finished the job in Afghanistan? And now as the war went forward, very difficult about how long do you keep funding the war if you strongly believe that it’s not in our national interest.  At the same time you don’t want to have troops who are out there without the equipment they need.

This was not what he said when he opposed the war.  He opposed the war because he represented a district that was opposed to the war, and it had no political consequences for him whatsoever since he was only a member of the Illinois state legislature. But his story has changed more than once.

Conservatives and Liberals think differently about war, and do so as a result of their differing visions of life.

Conservatives believe that mankind is imperfect: partly good, partly evil, prone to selfishness, greed, bad temper, cheating, crime, cruelty as well as all the good things.  Because man is imperfect, we cannot expect perfection and must look for ways to modify bad behavior, and prevent crime. But because man is imperfect, it will be a constant struggle, and you will need a certain amount of stoical resignation.

Liberals believe that man is perfectible, and the right government, the right laws, the proper controls will fix things, and if they don’t, then you have to fix the government and the laws.  Man is born an empty slate and is formed by his environment and his government and laws.  If the world is not what it “should be” then you have to fix it, by putting the “right” people in charge.

Conservatives believe that war is a natural part of mankind arising from man’s imperfect nature. And that we must try to manage those impulses and try to prevent war, although there have always been wars. We must learn more about how to sustain peace.  It is a slow process.

Liberals believe that war is a matter of misunderstanding or paranoid emotions that override rationality.  They feel the need to explain war and crime, rather than prevent it.

When we were attacked on 9/11, George W. Bush understood that we were looking at a long war with a radical part of Islam that yearned for a return to the days of the Caliphate and the submission of the free world to the rule of Islam. That though it would begin with the terrorist training camps in Afghanistan, the war would not end there. He said:

Now this war will not be like the war against Iraq a decade ago, with a decisive liberation of territory and a swift conclusion.  It will not look like the air war above Kosovo two years ago;, where no ground troops were used and not a single American life was lost in combat.

Our response involves far more than instant retaliation and isolated strikes.  Americans should not expect one battle, but a lengthy campaign unlike any other we have ever seen.  It may include dramatic strikes visible on TV and covert operations secret even in success.

President Bush was looking ten years down the road and trying to see how to manage those “impulses.” Barack Obama, writing in the Hyde Park Herald a week after 9/11, presented the typical liberal response, trying to explain the “paranoid emotions:”

We must engage, however, in the more difficult task of understanding the sources of such madness.  The essence of this tragedy, it seems to me derives from a fundamental absence of empathy on the part of the attackers; an inability to imagine, or connect with the humanity or suffering of others.  Such a failure of empathy, such numbness to the pain of a child or the desperation of a parent is not innate; nor, history tells us, is it unique to a particular culture, religion or ethnicity….Most often though, it grows out of a climate of poverty and ignorance, helplessness and despair.

This was a fairly typical response among the leftist liberal intelligensia. Many university professors penned similar paragraphs, and the farther left, the more similarity.

Former Ambassador Peter Galbraith has written that:

Along with Cambodia’s Pol Pot, Saddam Hussein’s regime was one of the two most cruel and inhumane regimes in the second half of the twentieth century.  Using the definition of genocide specified in the 1948 Genocide Convention, Iraq’s Baath regime can be charged with planning and executing two genocides — one against the Kurdish population in the late 1980s and another against the Marsh Arabs in the 1990s.

Yet Senator Obama continued to oppose the war to liberate Iraq, despite the fact that the U.S, had amassed a coalition of more than two dozen nations that committed troops to the war and had won unanimous approval for the UN’s Resolution 1441.

Once we were in Iraq, Sen. Obama did everything that he could, including voting against funding for the troops, to block efforts to win the war.  He insisted that the surge was failing long after it was clearly making progress, and he promoted a plan that would have withdrawn all troops by March 2008, which would probably have led to another genocide.

Senator Barack Obama was perfectly willing to lose the War in Iraq. There were obvious immediate consequences. But there are also long-term consequences for losing a war, as any examination of the history of the Vietnam War would demonstrate.  We are still seeing the consequences of Congress’ withdrawal of funds just when we were on the verge of winning that war.

Senator Obama seems to have the childish idea that the purpose of our whole effort should have been to get revenge on one man, Osama bin Laden.  This shows a profound misunderstanding of the history, the intelligence, the Middle East and America’s place in the world.

The Iraq war did not go smoothly.  Wars don’t.  A war is not a one-sided operation.  The other side gets a vote, and in this case there was more than one “other side”. There were bad decisions, and poor intelligence and a terrorist war that we had to learn how to fight.  Was it important? Yes. Was it worth it? Yes.  Is Barack Obama prepared to be Commander in Chief? Not if you care about your country.



Why is Barack Obama running against George Bush? Because he has no record of his own.

Every Democrat speech includes the obligatory phrase “eight years of failed Bush policies.” This is the old “big lie” technique of propaganda. You repeat something often enough, and people will start to believe it. New York’s senior senator Charles Schumer, chairman of the senate Democratic Campaign Committee, has been in front of every available camera and microphone for the last eight years, bloviating on the “terrible economy”, at least until he caused a bank run and got caught at it.

But what are these “failed Bush policies?” Let’s consider the history. The Clinton administration benefited from a technology boom that became a bubble. The stock market peaked and by the end of 2000 had declined by 8%, and GDP declined from 4.8 to 1.9 percent. Six weeks into the Bush administration the economy was officially in recession.

On the national security front, Saddam Hussein had kicked the weapons inspectors out of Iraq, and was in complete defiance of UN resolutions that he was obligated to obey. His military had fired at US Air Force planes that were patrolling the ‘no-fly’ zones. The US Cole had been attacked in 2000 by Islamists, killing 17 American sailors.

Then on September 11, 2001, just eight months after George W. Bush took office, Islamic terrorists attacked, killing nearly 3,000 civilians and brought down the twin towers and destroyed part of the Pentagon. Not an auspicious start for an administration.

By November the recession was officially over, and the economy never looked back. Under a Republican Congress and a Republican President the economy has grown at a healthy and sustainable pace every year until 2008, with unemployment averaging 5.2%, which is considered good.

Inflation-adjusted personal disposable income grew by 9% in the first six years under President Bush.  The real economy grew by about 20% since the President took office.

Imagine, this was an economy battered by the attacks of 9/11, battered by the devastation of Katrina, and in spite of it all it just chugs along. The Bush tax cuts helped greatly.  They raised the threshold so that way more people owed no taxes at all, and reduced the rates for everyone else, increasing the number of brackets from five to six.  The tax brackets are available here.  Please find the vast tax cuts for “the rich” that were somehow so unfair. Another example of the “big lie” technique in operation. The United States has the most progressive tax system in the world, and collects more income from the top 10 percent than any other country.

Though no one expected it at the time, President Bush has managed to keep us safe here at home for 7 years, while Islamist terrorists were attacking other countries, and attempting to attack us here.  Took a lot of vigilance to accomplish that.

If you look a little deeper than the bumper-sticker slogans from the Democrats, you will find that Guantanamo has been a model prison where no one except the guards was abused.  You will find that no one had any interest in listening to your telephone conversations unless you were chatting with someone in the mountains of Pakistan.  You will find that American troops were restoring schools, rebuilding water supplies, fixing power stations as well as trying to protect Iraqi civilians.

It does require a little effort to find sources like the Long War Journal or learn which reporters can be trusted, or how to find the Milblogs.  It is easier to simply repeat the daily sound bite.

It has been a great disappointment that President Bush has been unable to break through the mainstream media spin. He feels that history will justify him. I agree that it will.  He’s done a pretty darn good job.



Did you need a reason? Here’s a very good one.



How can we get fair and honest elections? The media could help.

Electoral fraud? Let me count the ways.  How about the “grubby little racket” of Obama’s online credit fraud.  There are default security checks on the computers that accept donations that prevent basic fraud like fake addresses, names that don’t match.  Apparently all those checks have been intentionally disabled. Donations from Mr. A Hitler of Berlin Germany, names such as Es Esh or Doodad Pro.

Or there are the scores of small online donations Mary T. Biskup discovered that had been made to the Obama campaign in her name even though she had not given him a cent. They added up to $174,800, obviously more than a little over the $2,300 legal limit.

Or the Obama campaign that claims “no ties” to ACORN; but a former staffer testified today that ACORN was provided a “donor list” from the presidential campaign.  Obama contributors who had “maxed out” under federal limits could be targeted to give to ACORN’s Project Vote.

No home? There are ways around the rules.  ACORN and the ACLU are anxious to be sure that the homeless can vote.  Apparently all you need is a park bench and a cross street.

We are a little sensitive to this kind of thing here in Washington State. Our election four years ago put a Democrat governor into office through a highly questionable election that involved ACORN as well as improper actions by election officials.

American Elephant Adds: I happen to think the very reason we are seeing such widespread voter-registartion fraud by ACORN in all the battleground states this year is because it worked so well in Washington in 2004. Fake registrations is the first step, miraculously “finding” enough ballots on election day to overcome any lead the opponent may have is the second. Remember, ACORN was convicted here in WA, and the ballots that put Christine Gregoire in the governor’s office were unsecured, in violation of election law. Look for ballots to be “found” on election day if there is any crucial state where Obama is behind.



Think Universal Healthcare is Desirable? Think again.

Universal healthcare A Canadian says be careful what you wish for.

A friend living in the USA tells me that one of the great attractions for voters leaning toward Barack Obama is his plan to deliver universal health care.  Canada is often mentioned as a paragon of the socialized health care model in the pitch for the Utopian dream; what is seldom mentioned is that the dream is often more like a nightmare….

Canadian hospitals are filthy bacteria-infested places where perhaps hundreds of people die painful and needless deaths because doctors can’t be bothered to wash their hands.

No one can tell you how many people die of C. Difficile each year because tallying the numbers may be politically embarrassing.  A lawsuit is under way against one hospital where 91 patients died in less than 2 years from C. Difficile.

Read the whole brief article. It includes a table that explains the ‘wait times’ for medical procedures in Ontario, Canada’s most populous province. And why so many Canadians come to the U.S for treatment.

You might refer again to this post, which explains why it cannot work in the long run.



“Spreading the Wealth Around.” Good Idea?

“Redistribution of wealth” is a phrase that has made Joe the Plumber famous and caused the mainstream press to pruriently investigate every aspect of his life.  It caused three TV stations to be banned by the Obama campaign because they were impertinent enough to ask Sen. Biden about redistribution of wealth and socialism.

KYWTV, Channel 3 in Philadelphia, a station serving Wilmington DE has been banned because Sen. Biden doesn’t like tough questions.  WFTV in Orlando has also been banned, for Barbara West asked the kind of probing questions of Joe Biden that the mainstream media refuses to ask.  And then there is Angela Russell of CBS Channel 3 in Philadelphia who also asked about “spreading the wealth around.” You can’t even ask!

Sweetness & Light has gathered together some of the reflections of the founding fathers on redistribution here.

“Redistribution of wealth” or “spreading the wealth around” is, of course, a socialist idea, designed to help those who are less fortunate.  Oddly enough we already have a very progressive tax system.  Over 30% of those at the bottom of the income groups currently pay no taxes at all.  And Americans are the most generous people on earth, not only giving more of their income to charity, but giving of their time as well.

The assumption is that the only reason people are poor is strictly a matter of money, which it is not.  Studies have shown that if one graduates from high school, doesn’t get married until they have graduated from high school, and waits to have a child until they are married, they will do fine in our society.  I should add stay away from drugs. We do better if we help kids to finish school, and that does not have to be a government program.

Somehow, it is hard for people to understand because it is usually couched in terms of “fairness.”

I shamelessly borrowed this from the folks at geeeeZ.

I don’t know who wrote this, but it sure works…….

Today on my way to lunch I passed a homeless guy with a sign that read “Vote Obama, I need the money.” I laughed.

Once in the restaurant my server had on a “Obama 08″ tie, again I laughed as he had given away his political preference–just imagine the coincidence.

When the bill came I decided not to tip the server and explained to him that I was exploring the Obama redistribution of wealth concept.

He stood there in disbelief while I told him that I was going to redistribute his tip to someone who I deemed more in need–the homeless guy outside. The server angrily stormed from my sight.

I went outside, gave the homeless guy $10 and told him to thank the server inside as I’ve decided he could use the money more. The homeless guy was grateful.

At the end of my rather unscientific redistribution experiment I realized the homeless guy was grateful for the money he did not earn, but the waiter was pretty angry that I gave away the money he did earn even though the actual recipient deserved money more.

I guess redistribution of wealth is an easier thing to swallow in concept than in practical application.

REDISTRIBUTION OF SOMEONE ELSE’S WEALTH, A GREAT IDEA …………..
or just a fools game?

Here is what Barack Obama had to say on a call-in radio show in 2001:

You know, if you look at the victories and failures of the civil-rights movement, and its litigation strategy in the court, I think where it succeeded was to vest formal rights in previously dispossessed peoples. So that I would now have the right to vote, I would now be able to sit at a lunch counter and order and as long as I could pay for it, I’d be okay, but the Supreme Court never entered into the issues of redistribution of wealth, and sort of more basic issues of political and economic justice in this society.

And uh, to that extent, as radical as I think people tried to characterize the Warren Court, it wasn’t that radical. It didn’t break free from the essential constraints that were placed by the Founding Fathers in the Constitution — at least as it’s been interpreted, and Warren Court interpreted it in the same way, that generally the Constitution is a charter of negative liberties: [It] says what the states can’t do to you, says what the federal government can’t do to you, but it doesn’t say what the federal government or the state government must do on your behalf.

And that hasn’t shifted, and one of the, I think, the tragedies of the civil-rights movement was because the civil-rights movement became so court-focused, uh, I think that there was a tendency to lose track of the political and community organizing and activities on the ground that are able to put together the actual coalitions of power through which you bring about redistributive change. And in some ways we still suffer from that.

Free people are generous because they have the choice of what to do with the funds that they worked hard to earn.  Even poor people value the money they earn themselves far more than they do handouts.  Making people dependent on handouts destroys ambition, pride and even, Senator Obama — hope.



Here’s something worth a few minutes of your time.

National Review Online has been featuring the Hoover Institution’s “Uncommon Knowledge”, a TV show in which scholar and host Peter Robinson interviews interesting people.  The current video is an interview with Thomas Sowell about one of his most famous books A Conflict of Visions.  In the book, Dr. Sowell explains the ideological origins of political struggles.  Controversies in  politics arise from many sources, but the enduring conflicts over generations show a remarkably consistent pattern.  Issues like criminal justice, income distribution and war and peace reflect radically different visions of the nature of man.

It’s a wonderful series, and well worth a bit of your time.  The entire interview is divided into five sections, so you can watch one at a time, briefly, or settle down to watch the whole thing at the end of the week.



Promises? Obama Will Need to Raise $4.3 Trillion!

The new president, whoever he is, will face a budget deficit of at least $1 trillion, possibly much more according to economist Alan Reynolds writing in the Wall Street Journal.

Senator Obama has nevertheless promised to devote another $1.32 trillion over the next 10 years to several new or expanded refundable tax credits and a special exemption for seniors, according to the Urban Institute and Brookings Institution’s Tax Policy Center (TPC). He calls this a “middle-class tax cut,” while suggesting the middle class includes 95% of those who work.

Mr. Obama’s proposed income-based health-insurance subsidies, tax credits for tiny businesses, and expanded Medicaid eligibility would cost another $1.63 trillion, according to the TPC.  Thus his tax rebates and health insurance subsidies alone would lift the undisclosed bill to future taxpayers by $2.95 trillion — roughly $295 billion a year by 2012.

But that’s not all.  Mr Obama has also promised to spend more on 176 other programs, according to an 85-page list of campaign promises (actual quotations) compiled by the National Taxpayers Union Foundation.  The NTUF was able to produce cost estimates for only 77 of the 176, so its estimate is low.  Excluding the Obama health plan, the NTUF estimates that Mr. Obama would raise spending by $611.5 billion over the next five years; the 10-year total (aside from health) would surely exceed $1.4 trillion, because spending typically grows at least as quickly as nominal GDP.

A trillion here, a trillion there, and pretty soon you’re talking about real money.  Altogether, Mr. Obama is promising at least $4.3 trillion of increased spending and reduced tax revenue from 2009 to 2018 — roughly an extra $430 billion a year by 2012-2013.

Mr. Obama’s proposed tax hikes on “the rich” would probably not raise more than $30-35 billion according to Mr. Reynolds, but Mr Obama claimed that he has “laid out how I’ll pay for every dime — by closing corporate loopholes and tax havens.” Mr. Obama dreams about increasing corporate tax collections by more than 25% just by closing “loopholes” and complaining about “foreign tax havens.”  In today’s climate this looks even more unbelievable, as profits are falling, banks have cut or eliminated dividends, and who has any capital gains?

Mr. Reynolds adds that “the campaign has said that an Obama administration would look for other sources of revenue.” Even if he dips deep into the taxes of the middle class, he would still come up short.

You might want to keep this in mind.



How Much is A Trillion?
October 26, 2008, 7:24 pm
Filed under: Uncategorized
  • A million seconds is 11.5 days.  A billion seconds is 32 years.  A trillion seconds is 32,000 years.
  • A tightly-packed stack of new $100 bills totaling $1 million would be about 4 feet high.  A billion dollar stack of $100 bills would be 4,000 feet high, or 3 Sears Towers stacked on top of each other.
    A stack of $100 bills totaling $1 trillion would be 789 miles high or 144 Mr. Everests stacked on top of one another.
  • In 2007, Microsoft generated $51 billion in revenue — sales, not profits.  To reach a trillion dollars in revenue, we’d need 20 Microsofts.
  • A box that holds a case of copier paper will hold about $72,000 one-dollar bills.  It would take 1.4 billion boxes to hold a trillion dollars.
  • With $1 trillion, everyone living in America in 2008 could have 1,000 boxes of Girl Scout cookies.                                          (from www.uspolitics.about.com)


Still Undecided? Fred Thompson Makes the Choice Crystal Clear

Fred Thompson has some important words for Americans.  Give him a few minutes:

The transcript of this video is here, should you want to keep it or share it. There is a button for emailing the video at the end.



It can’t happen here, can it?

Argentine President Cristina Kirchner announced this week, the Wall Street Journal reports, that her government plans to nationalize the country’s private pension system.  If the Argentine Congress approves of this property confiscation, $30 billion in individually held retirement accounts (think 401(k)s) managed by private pension funds will become government property. This must strike Americans as appalling.  That the state cold seize the private savings of their citizens is outrageous, but it is because of the “crisis” of course.  Couldn’t happen here. We are Americans. If you have a 401(k), you have probably watched in dismay as your nest egg has grown smaller because of the current turmoil in the markets.  Democrats are now talking about eliminating the tax deductability of 401(k)s. Workforce Management reported on a hearing of the House Education and Labor Committee earlier this month:

A plan by Teresa Ghilarducci, professor of economic-policy analysis at the New School for Social Research in New York, contains elements that are being considered… Under Ghilarducci’s plan, all workers would receive a $600 annual inflation-adjusted subsidy from the U.S. government but would be required to invest 5 percent of their pay into a guaranteed retirement account administered by the Social Security Administration.  The money in turn would be invested in special government bonds that would pay 3 percent a year, adjusted for inflation. The current system of providing tax breaks on 401(k) contributions and earnings would be eliminated.

James Taranto goes on to explain: Ghilarducci outlined her plan last year in a paper for the left-liberal Economic Policy Institute, in which she acknowledges that her plan would amount to a tax increase on workers making more than $75,000 — considerably less than the $250,000 Barack Obama has said would be his tax-hike cutoff.  In addition, workers would be able to pass on only half of their account balances to their heirs; presumably the government would seize the remaining half. (Under current law, 401(k) balances are fully heritable, although they are subject to the income tax.

Well, yes, apparently it could happen here.  It is hardly certain that a President Obama or a Democrat Congress would be receptive to such a proposal, but I wouldn’t want to bet on it.  They are very serious about “spreading the wealth”. Which only becomes troubling if it is your hard-earned wealth that they are spreading.     (emphasis mine)

ADDENDUM: Democrats in Congress might want to take a hard look at what has happened in Argentina since the announcement.  Its stock market lost 23% of its value in two days, for a 57% loss since January.  The losses spread to other markets in Brazil, South Africa and Spain. Investors Business Daily goes on to explain:

Markets don’t like expropriation of private property — including savings.  And this takes away a key source of private capital.  Moreover, one quarter of private pension assets were by law invested in Argentine stocks, making up about a quarter of the bourse’s value.  So the seizure of pensions amounts to government ownership across the entire private sector. “It’s a stealth nationalization of every single business in the country,” explained Diana Mondino, an Argentinian economist at Universidad del CEMA in Buenos Aires. “Will (the government) influence those companies? I would think so — anyone who owns 25% of a company will have a lot to say about how it’s run.” Growth will suffer, and Moody’s already warns it “undermines the government’s already weak policy credibility.” Nationalization may pay the bills now, but it poisons prospects for growth. For that reason, Argentina’s sovereign bonds now trade at 25 cents to the dollar and yield 30%.

If the next President and the next Congress see private corporations as the class enemy, and Congress continues to see private assets as a public piggy bank, we’re in for trouble.



Why Hasn’t McCain Been Running Ads Like These?

Two great new ads about the real Barack Obama from NeverFindOut.Org. Pretty devastating if you ask me. Just wish the McCain campaign were running more like them.

Donate here to help them out if you can.



One guestimate about future taxes.

CAPITAL GAINS TAX

McCain:

0% on home sales up to $500,000 per home (couples) McCain does not propose any change in existing home sales income tax.

Obama:

28% on profit from ALL home sales.

If you sell your home and make a profit, you will pay 28% of your gain in taxes.  If you are heading toward retirement and would like to downsize your home or move into a retirement community, 28% of the money you make from your home will go to taxes.  This proposal will adversely affect the elderly who are counting on the income from their homes as part of their retirement income.

DIVIDEND TAX

McCain: 15% (no change)

Obama: 39.6%

If you have any money invested in the stock market, IRA, 401K, mutual funds, college funds, life insurance, or anything that pays or reinvests dividends, you will now be paying nearly 40% of the money earned in taxes if Obama becomes president.  The experts predict that “higher tax rates on dividends and capital gains would crash the stock market yet do nothing to cut the deficit.”

INCOME TAX

McCain: (no changes)

Single making 30K — tax $4,500
Single making 50K — tax $12,50
Single making 75K — tax $18,750
Married making 60K — tax $9,000
Married making 75K — tax $ 21.000
Married making 125K — tax $31,250

Obama: (allowing Bush tax-cuts to expire)

Single making 30K — tax $8,400
Single making 50K — tax $14,000
Single making 75K — tax $23,250
Married making 60K — tax $16,800
Married making 75K — tax $21,000
Married making 125K — tax $38,750

INHERITANCE TAX

McCain: 0% (No change, Bush repealed this tax)

Obama: Restore the inheritance tax.  Many families have lost family businesses, ranches, farms and homes because they couldn’t afford the inheritance tax.

NEW TAXES BEING PROPOSED

New government taxes proposed on homes that are more than 2400 square feet.
New gasoline taxes.
New taxes on natural resources consumption (heating, gas, water, electricity, carbon)
New taxes on retirement accounts and taxes for socialized medicine.

Comparisons are really hard because everyone states things differently. Obama talks only about his tax credits, and doesn’t mention how much taxes you will pay, and it doesn’t really matter because the bill will be written by congress, passed by congress and sent to the President for his signature.  Presidents can only ask and/or veto or sign. Congress (12% approval) is very anxious to raise taxes.

Source: Jennifer Rubin at Commentary Magazine



A few words about greed on Wall Street.

One word that has been popping up in the campaign with frequency is GREED.  They talk about “greed” on Wall Street, and the “greed” of investment bankers.  Did you ever notice that no one speaks of the “greed of Congress?  I didn’t think so.

What is it that money managers do on Wall Street, and investment bankers and ordinary bankers? They try to earn money for their clients and for themselves, just like Earl and Betty do in their little appliance repair store down on Main Street.  Or Joe the plumber does when he hopes to save up and buy a business.  That’s what business is, working to earn a profit so that lives are nurtured and improved with the gain.  No profit, no business, at least not for long.  Frankly, it is fairly hard to earn a profit consistently.

But this should be of concern only if you work for a business, own a business or buy things from a business. But isn’t “greed” something different?  You mean that if you or I earn a profit or make money on something, it is just an exchange, but if someone on Wall Street earns a profit or makes money it is greed?

Then there must be  dividing line, but we don’t know where it is.  Is it $10,000, $100,000, or $1,000,000? Below the line, it’s O.K. and if you earn more than that, it’s greed?  Do you see how silly this is? This is “class warfare”.  Politicians want to point to that fellow over there, and say — envy him, look upon him with rage and contempt, hate him — because he is greedy — for making a profit.

That’s not how America works. Capitalism works. If people have the opportunity to work hard and try to reach the goals that they dream of, they can do it, if they are not burdened with fees and taxes and regulations imposed on them by a (greedy) Congress that didn’t do one thing to earn that money except demand that you give it to them.

So when politicians start talking about “greed”, at least recognize just what is going on.  And set your internal monitor so a little alarm goes off.



Reducing the problem to bullet points.

Abe Greenwald went to a “Democrats for McCain” event a couple of days ago, and was impressed with speaker Bartle Bull’s bullet points:

8 YEARS OF AN OBAMA-PELOSI-ACORN ADMINISTRATION WOULD GIVE AMERICA:

♦ 8 YEARS OF SPREAD-THE-WEALTH SOCIALISM,

♦ 8 YEARS OF CHICAGO-STYLE CORRUPTION ,&

♦ 8 YEARS OF UNITED NATIONS-STYLE FOREIGN POLICY

That is short and sweet. And factual.