If you think this is bad, you have another thing coming (insert song)
Today Obama said that he seeks to stop companies from going offshore, by offering them tax breaks....flip flop.
He said those words "offer them tax breaks" but what he failed to talk about, were the different tax rates on companies that are financed through debt rather than equity.
Leads me to believe two things 1) He does not know anything about taxes and 2) he's a big liar.
Different rates on overseas and domestic investment and other tax loopholes for certain industries, like oil and natural gas, are given to every company, Obama just does not want to state the obvious (or maybe it's not), for fear of being linked to corporations, which he is now attacking McCain of.
You know what is even funnier alot of Democrats on here, know NOTHING about economics, and they think Obama is going to drive down or stop the spending.
When the budget deficit is about to reach $482 billion/2009,
AS A RESULT OF THE "fiscal stimulus package" compounded by a sluggish economy.
Obama CALLED FOR a second, $50 billion stimulus, and said if it needs to be done he would bring on another round.
LMFAO. This guy is going to devalue and bankrupt the country.
