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Title: Obama's Ill-Timed Tax Increases and Economic Ignorance
Source: RNC
URL Source: http://www.youtube.com/watch?v=QNMIwx6bGvs
Published: May 22, 2008
Author: RNC Staff
Post Date: 2008-05-22 20:49:45 by Horse
Keywords: None
Views: 184
Comments: 9


Poster Comment:

This is an RNC ad exposing Obama's lack of economic sense. A Recession is the worst time to raise taxes. Tax increases in recessions often do not yield more tax revenue. California raised the sale tax rate temporarily after the 1989 earthquake but did not collect more taxes.

The ad would have been tougher if they had explained that capital gains also taxes you for inflation since your purchase so the IRS is punishing you for the Federal Reserve's incompetence. But that would have exposed the Republican party's support of the Federal Reserve system too.

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Begin Trace Mode for Comment # 1.

#1. To: Horse (#0)

The nation is on hard times, and the "D"s answer is more sacrafice from the Proles. The sad thing is that this message is popular.

I have to admit the "R"s play a good game with the borrow and spend policy as opposed to the "D" tax and spend.

It's a no win argument. What's a "D" going to do? Rant about currency devaluation because of excess borrowing and then offer taxation as the answer. Good luck trying that. A 'you're fucked either way' platform will not be that popular.

Of course that answer is that FEDGOV needs to cut back, but we all know that's the answer people don't want to hear.

The gas tax mess was another good example. Obama flat out said suck it up and pay, you sheep. Hillary's answer was tax the oil companies even more so they can negate the savings by upping the price to make up for the tax. McCain, if I may use the phrase loosely, came out the best by simply ignoring where the lost revenue would be made up.

Pissed Off Janitor  posted on  2008-05-22   23:19:11 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 1.

#2. To: Pissed Off Janitor (#1)

The amswer is to repeal the Federal Reserve Act.

Horse  posted on  2008-05-22 23:49:07 ET  Reply   Untrace   Trace   Private Reply  


#8. To: Pissed Off Janitor (#1)

a. The nation is on hard times, and the "D"s answer is more sacrafice from the Proles. The sad thing is that this message is popular.

b. Of course that answer is that FEDGOV needs to cut back, but we all know that's the answer people don't want to hear.

a. What's not to love about the idea of higher taxes when you are either:

#1. a bleeding heart limousine liberal with zero financial common sense and therefore don't realize that "the rich" = YOU under the Dems' formula of "equalization and fairness" OR

#2. you are dependent on gubment hand-outs and you realize that "the rich" = everyone who does not get gubment give-aways OR

#3. you are a very very very rich liberal with off-shore accounts who can shelter personal wealth from gubment taxes but you can still talk "the tikkun olam" talk about making America a better place blah, blah at cocktail parties.

These are the 3 major supporters of the Dem Party, imo. Group 1 is misguided. Groups 2 and 3 are wise and self-serving.

b. Precisely! Cut gubment wasteful spending and there's no need for tax hikes. Tax hikes only encourages MORE wasteful gubment spending.

scrapper2  posted on  2008-05-23 22:58:26 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 1.

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