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The economic habits of Clinton are conservative compared to what an Obama administration would be like. Clinton’s desire to raise taxes was thankfully curved by a Republican congress. The credit is always given to Clinton but a mixture of the dot com bubble and Republicans pushing Clinton to cut capital gains tax cuts and curb spending resulting brought the result of the boom that we saw. Now, thanks to the recent fall of the dollar and the war in Iraq the deficit is out of control. You think it’s bad now? Just wait.

Barack’s plan–like any other liberal Democrat–is to cause wealth redistribution by taxing the highest earners in America. If you listen to Biden you understand why they want to punish the successful. He calls wealth redistribution fairness. If you work your tail off, catch a few breaks and become successful it’s fair to have to give away your money to those that haven’t taken the same route? Yeah, it doesn’t make sense to me either.

So the plan for Barack is simple. Cut and run in Iraq, raise taxes on the job creators and small business owners to pay for his socialistic welfare, health care and social security programs. If you think this is good for the poor than you’re wrong. It’s simple economics: if the owner of the local grocery store is taxed more and has to pay his entry positions more he has to raise the prices of his product to make ends meet. When he isn’t getting any business because the milk is $6 a gallon he is forced to cut jobs so he can lower prices. When taxes are low and the he is making a decent profit he will be able to hire more workers and keep prices competitive. Simple.

For the people who don’t understand the markets or realize that we are lucky we aren’t doing worse being in a time of war you’re going to vote for Obama. If you lack the understanding of simple economics and how it is bad to tax small businesses you’re going to go crazy for Obama. You have to think about this on a larger scale. Throwing money at the economy isn’t going to work. The bailout has proved just that. The rich pay the most taxes so taxing them more is not necissary. Keep taxes low, build up the free economy and allow the job makers to make the jobs. Don’t punish them for their success or for so-called fairness.

Related Posts

• Obama’s Selfishness
• Obama in ‘02: “Shame S. Court Didn’t Seek Redistribution of Wealth”
• Are You Ready for the Coming Depression?
• Obama’s Lead Continues to Slip
• The Obama Era and it’s Victims

Tags:  Barack Obama Economy Joe Biden