Susan Leary
We owe it to ourselves to do our homework. Look at Obama's issues closely before you decide!
The following issues are just a sampling of the money Barack Obama wants to spend. There's much more, look at his website under the issues. See each logical result that follows each issue below; it gets expensive!
"Enact a Windfall Profits Tax to Provide a $1,000 Emergency Energy Rebate to American Families: Barack Obama and Joe Biden will enact a windfall profits tax on excessive oil company profits to give American families an immediate $1,000 emergency energy rebate to help families pay rising bills. This relief would be a down payment on the Obama-Biden long-term plan to provide middle-class families with at least $1,000 per year in permanent tax relief.
Result - Gas and oil prices will rise again and a great number of Americans will have to pick up the tab.
"Obama and Biden will create a new "Making Work Pay" tax credit of up to $500 per person, or $1,000 per working family."
Result - "Up to" That must mean it could be less. No mention of 250,000 threshold and we've heard 200,000 or less, 150,000 or less and 120,000 or less to define the middle class. Small business is the backbone of this country and it will not be able to afford to keep employees, hence job losses. Also,who is actually the middle class with no figures mentioned in this plan. The spoken words keep changing.
"Create a National Infrastructure Reinvestment Bank: Barack Obama and Joe Biden will address the infrastructure challenge by creating a National Infrastructure Reinvestment Bank to expand and enhance, not supplant, existing federal transportation investments. This independent entity will be directed to invest in our nation’s most challenging transportation infrastructure needs. The Bank will receive an infusion of federal money, $60 billion over 10 years, to provide financing to transportation infrastructure projects across the nation. These projects will create up to two million new direct and indirect jobs and stimulate approximately $35 billion per year in new economic activity."
Result - Investments to create direct/indirect jobs; the American people pick up the tab!
"Barack Obama and Joe Biden will increase federal support for research, technology and innovation for companies and universities so that American families can lead the world in creating new advanced jobs and products."
Result - More investments; the American people pick up the tab!
"Invest in the Sciences: Barack Obama and Joe Biden support doubling federal funding for basic research and changing the posture of our federal government from being one of the most anti-science administrations in American history to one that embraces science and technology. This will foster home-grown innovation, help ensure the competitiveness of US technology-based businesses, and ensure that 21st century jobs can and will grow in America."
Result - More investments; the American people pick up the tab!
Investments go on and on; tax relief seems at most a temporary pacifier.
Remember, the economy has worsened over the past 2 years with the left in control of Congress!
I don't understand why you always have to do news; can't you go into the university, incite creativity. Expanding something live?
Why not?
Posted: March 12th, 2009 | Report This Comment