Quote from: Buffgeek on Today at 11:15:06 AM
Will Obamas Economic plan lead us into the next great depression?
Obama has make clear his intentions for your dollars and this financial crisis hasnt changed those one bit. Here is what he proposes to do with tax dollars:
$65 billion-a-year health plan NEEDED The only people who want this is big bussiness and poor people who cannot afford it (but can afford cigs, beer, and nikes) which is why they are backing democrats as that is one of the biggest burdens on them. most companies spend more on healthcare than their products. What do you think a federally run healthcare system will look like? I work in the healthcare industry and the people who will get killed by this is the avg american who will have to pay for other peoples health insurance. Do you think politicians care? Obama will never use the same system as you and I. his healthcare will never suffer or even change. The quality of healthcare will be completely reduced to shiat.
$15 billion in green energy spending NEEDED I think more needs to be spent but look at what obama supports: Biodiesel?? Subsities for farmers? Dude do you know how much water and gasoline gets wasted to make biodiesel. Not to mention starving people and raising the prices of food worldwide? WTF$85 billion in tax cuts and credits This im 50 50 on... Tax Cuts are the last thing im worried about
$25 billion-a-year increase in foreign aid Not a big fan of it, FUCK everyone else, take care of US
$18 billion a year in education spending NEEDED Agree, but also teachers need to be held accountble and earn it. I am all for giving them ig raises IF they are producing. Obama is not going to hold them to this accountability.
$3.5 billion for a national service plan I need more details on this
Folks that is 200 billion a year or $800 billion during his term as president.
Where is he going to get that money?? Get rid of the Iraq war, thats 200 billion a year of OUR MONEY DUDE We dont even have that money. Its already defecit spending. Its not like we just have that in the bank. And are you saying we just pack up and leave? We will be spending a lot more when we have to go back.
1. He mentioned he could save $90 billion dollars by ending the war in Iraq. It would be more than 90 billion
Wait a min Barry, didnt you say that you would wait at least 16 months to leave Iraq and havent you stressed over and over that those resources need to be in Afganistan? So which is it Barry? Are we busting out of there or we going to finish the job?
2. Raise Taxes on Bil Oil is another point he has mentioned. Well do you think the oil companies or going to just say ok... you got us guys... here is more tax money?? No they are going to push that increase on the consumer. A lot of what we are facing now is because of fear of what is going to happen if/when he is elected.
3. Increase Corporate Taxes is another gem on his list. Lets say you are a shareholder and the company says to you. Ok here is $1000 in profit you can have as a dividend, but with these new taxes you will only get $487 at it will be taxed twice. First taxed as income for the company, then taxed as income to you. Alternatively, we can just reinvest that $1000 back into the company for R&D or building a new plant. Well as a bussiness owner/share holder wtf would you do? see that $1000 go farther into your company or get raped by the goverment? You are going to fire employees, reinvest in your efficiencies, and or move your workforce to a foreign company. He never said Increased coorp taxes, where did you come up with this? He said he could CLOSE COORP TAX LOOP HOLES, and I can honestly say, I benefit from Coorp Tax loop holes... So what McCain said about us having the highest corporate tax will be true? Obama mentione the loopholes that effectively make it cheaper, but if he closes those, then what McCain said will be true and we will be that much more unfriently to Americian Corporations?
4. 95% of americans get tax cut! Ok lets look at this. 95% of working richest americans equals roughly 1.5 million people. What you are effectively saying is the 50% of you who do not already even pay taxes are getting more money back. You the most productive 5% (1.5 million americans) will each pay an additional 60,000 dollars in taxes. Man that sound good dosnt it! Robin hood and shit! whoo hoo. Oh wait. that 1.5 million isnt just going to take it up the ass. That 60,000. Well that is the cost of one employee that I pay. I will just have to do without those services. Bummer more jobs lost. Personally I dont like tax cuts, we are in DEBT we NEED to pay it off, if that means each of us pay a extra 2-3% a year to start paying it down, im for it... you dont like American People keeping their own money that they earn? You prefer to give it to out of touch politicans to waste? AWESOME. How about we pay off debt by tightening the budget cutting spending and using the excess for debt reduction? OR Foster policies that will boose the economy which will increase tax revenues and make everyone sucessful.
