Obama said he could pay for his programs by eliminating the Bush administration???s tax cuts for the wealthy, winding down the Iraq war and spending more on alternative energy programs that eventually will save money.
First, let me simple say just one thing - since I want to really focus on personal income taxes and not corporate taxes. Any confiscatory tax strategy on companies will hurt the economy - especially if oil companies are the ones targeted. Taxes are always passed on to consumers in the form of higher prices. These taxes punish shareholders who invest in oil companies. They will also slow the exploration of oil and the development of new technologies. If Barrack Obama really does care about the ???little guy??? - screwing over Exxon with confiscatory taxing is not the way to reduce prices at the pump.
Now - back to the issue of income taxes. From Barrack Obama???s campaign website:
Sounds good, right? Screw the rich - those idiot rich - with all their gold toliets, and fancy cars, and caviar lifestyle. Take their money away from them??? right! Confiscatory taxes - raise them through the roof on the wealthy - the evil, evil, wealthy. Like that commercial for JG Wentworth - Obama dressed as Uncle Sam is screaming, ???It???s my money??? and I WANT IT NOW!???
Those stupid millionaires, and billionares, like oh - well like Barrack Obama for example - or George Soros - and Bill Gates - or Warren Buffet - those guys will pay lots and lots more??? right! They deserve to pay more - since clearly they ripped us all off to get where they are??? the fat lot of them.
That???s what democrats THINK when they hear Obama speak. Now - that???s the ???smear??? in Obama language. Now let???s talk the truth.









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