Theodore's World: Why Obama Can't Close the Sale ~ He Wants To TAX you to Death!

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September 04, 2008

Why Obama Can't Close the Sale ~ He Wants To TAX you to Death!

Why Obama Can't Close the Sale

The Wall Street Journal


Even before John McCain shook up the presidential race by tapping Gov. Sarah Palin to be his running mate, polls weren't showing the late-August lead that Barack Obama (and many Republicans) expected. Why so?

It's not because of the brilliance of the McCain campaign. Rather we believe that -- despite the media's best efforts to exempt Mr. Obama's policies from critical examination -- American voters aren't sheep. They pay attention to the candidates and positions and make wise decisions about who should lead the country.

True, Mr. Obama enjoys several advantages. Republicans are struggling nationwide in head-to-head contests. Democrats lead in voter registration, and have a well-funded presidential candidate.

Yet Americans have not committed to Mr. Obama. Why?

Clearly, Mr. Obama's weakness on foreign policy is a factor. He has a knee-jerk preference for diplomacy with China, Europe and Russia over the security of the American people and our closest allies. He hasn't explained his shifting positions on Iraq and Iran, among other hot spots. And he felt compelled to make up for his experience gap with Mr. McCain by picking Sen. Joe Biden to be his running mate.

But here's the thing: It's not that Mr. Obama hasn't been specific enough in his governing plans. To the contrary, he has been very specific about his tax policy, health-care and energy proposals. It's that voters are paying attention and appear not to like what Candidate Obama is saying.

Mr. Obama has proposed a massive tax increase on investors, business owners, and the "wealthy." At a time when the American people rate the economy as the central issue of the campaign, a tax hike doesn't make a lot of political sense. Voters know that a tax hike won't help the economy.

Moreover, Mr. Obama's tax plans would directly or indirectly harm U.S. investors by raising the capital gains and dividend taxes. More than half of U.S. households are equity owners, so Mr. Obama's proposal risks alienating half the population.

Mr. Obama claims to offer a tax cut to moderate-income families, but a significant portion of Mr. Obama's tax plan is a welfare giveaway costing more than $648 billion over 10 years, according to the Tax Policy Center.

How so? He would authorize a hodgepodge of refundable tax credits covering everything from education, mortgage payments, child care and other items for people who do not pay income taxes now.

About 38% of U.S. households pay no income tax today. Under a President Obama (whose policies would shave 15.3 million households off the tax rolls) that share would grow to nearly half of all American households.

We have been repeatedly told that everyone should pay their fair share. So this sounds grossly unfair and like a return of tax-and-spend liberal economics. No wonder there is a lot of doubt about the wisdom of the junior senator from Illinois.

Mr. Obama's health-care proposal is not quite HillaryCare, but it comes close. A national health insurance, heavily subsidized by taxpayers, would be offered to the currently uninsured. Mr. Obama's instincts on health care are always to move more people onto rolls of government-paid and government-mandated insurance, while depriving the marketplace the oxygen it needs for greater innovation, life-saving cures, and efficiency.

Americans have heard the refrain for government-provided health care before and know an expensive government giveaway when they see it.

Mr. Obama's energy policy is to drill less, consume less, tax more, and spend more. With barely a nod to nuclear energy -- the only meaningfully large, carbon-free source of domestic energy -- he is promising a massive increase in domestic, noncarbon-based energy from sources that produce only a fraction of our energy now.

He has also proposed massive tax increases on U.S. oil and gas companies while continuing to cut off vast swaths of U.S. territory to drilling.

Again, Americans are wiser than they are given credit. They know that if you restrict supply and tax production, prices go up.

The economic wisdom of Americans should not be doubted. They can see through Mr. Obama's proposals. They know that they will have to pick up the bill if Mr. Obama sends checks to people who already don't pay taxes; they know a centralized government-controlled health-care system will be more expensive, less efficient, and less friendly to patients and doctors. They know that the most effective way to bring down energy prices is by keeping all our energy options open, including more drilling in the U.S.

And they know that if a candidate has spent his entire career taxing more and spending more, that's what you'll get -- and more of it.

Mr. Obama is wondering why he can't shake Mr. McCain. His problem isn't his plans for the campaign. It's his plans for governing the country. Americans just aren't buying into them.

Wild Thing's comment.........

B. Hussein Obama = SOCIALISM

Whenever someone asks an Obama representative to explain ANY of Obama’s policies, they ALWAYS tell the questioner to go to the Obama website for the information. Obama nor his handlers can speak for themselves or explain any policy. It’s all smoke and mirrors.

Taxes on companies are also back door taxes on individuals. McCain should make this very point and challenge Obama to be a man about it and be upfront with the American people!

This will also effect charities too.

The Dems have nominated an amateur, and a not very talented amateur, at that.

Posted by Wild Thing at September 4, 2008 04:45 AM


He's a typical tax and spend dummy. If I have to deal with the death tax, I may as well sell everything I own right now, get rid of my 401k and anything else of value (like life insurance) because under an Obamanation regime, I won't be able to leave my house to my youngest and my 401k and life insurance money to my older. They'll have to sell everything.
I remember my parents paying over $17,000 in capital gains taxes under Jimmy Carter because we had to sell our house and move to a rental because we couldn't afford a down payment on another house for over a year.
Beware the tax man. Why do you think people have always hid things from the tax man and feared the tax man?

Posted by: Lynn at September 4, 2008 05:01 AM

When the man's (I use that term loosely) ideological heroes are Lenin, Marx and Engels, it is what we could end up with.

Posted by: GM Cassel AMH1(AW) USN RET(1973-1993) at September 4, 2008 07:56 AM

Obama, the man with a fantasy, Marxist, Orwellian non-answer to all our issues. The man who believes government should be in all aspects of our lives, and of course we should be taxed to pay for that government, and of course he should be in charge of that government.

Posted by: TomR at September 4, 2008 10:00 AM

Fred Thomson's comment about the bucket sums up Obamas' policies. They won't take water from yourside of the bucket but from the other side of the bucket. Great line.

Obama's policies are that vane and the Tards on the left believe it.

Another dumb biden comment, about Sarah Palin, "She didn't mention the middleclass or Health care" ...Hey Joe...she is middle class.
The VP debate should be great.

Posted by: Mark at September 4, 2008 11:16 AM

I've said it before, if the Dem's were afire and I had a full bladder there is always the other side of the street.
Been on the road myself and it's hard to keep track of the home front even if you have only been away a bit over a month, you always get involved with the locale you are in and the associations you are having, too busy to look back. None of the insiders have an untainted view, they all have that insiders view shared by all the left that all is broken and they are the savior's, all looking from the inside out not from the outside in, blind to the fact that they are the problem not the solution.
How long has Biden been out of touch with reality? Since January 3, 1973. He can ride that commuter train until hell freezes over and not know what is really going on in his backyard. He's like an embedded tick, his head is buried and his body bloated from the blood of taxpayers.

Posted by: Jack at September 4, 2008 02:01 PM

Lynn, amen to that. Too bad those votin gfor this jerk don't understand or are too stupid to understand they are going to be taxed too. Not just the well to do and business owners, but everyone.

Posted by: Wild Thing at September 4, 2008 08:38 PM

GM Cassel AMH1(AW) USN RET(1973-1993), your right, those are all combined in this Obama.

Posted by: Wild Thing at September 4, 2008 08:44 PM

Tom, yes and it would be so horrible if our country got like that with government in all areas of our lives.

Posted by: Wild Thing at September 4, 2008 09:06 PM

Mark, thank you, I LOVE that speech and what Fred Thompson said, that bucket quote is sooo perfect!!!!!!!!!

Oh my gosh I had not heard that about Biden hahahahaaha good one Mark !

Posted by: Wild Thing at September 4, 2008 09:10 PM

Jack, Hahahahaahahahahahaa

Excellent, description of Biden too. LOL good one.

"He can ride that commuter train until hell freezes over and not know what is really going on in his backyard. He's like an embedded tick, his head is buried and his body bloated from the blood of taxpayers."

Posted by: Wild Thing at September 4, 2008 09:21 PM