Let's Move "Beyond Bailouts" Toward Real Financial Reform

Your trollish arrogance does not match your inept and failed attempt to abuse the English language to make 'up' down and high-taxation to not be socialism.

First, the "but he does it too" is feeble. I would love a flatter, simpler, lower-tax-rate tax system - the Democrats are always against that however. In every respect that our tax system is 'convoluted' Obama wants to make it WORSE. Obama in the past year proposed higher payroll taxes, higher income taxes, and raising the capital gains taxes from 15% to 25%. Now in the general election, Obama has flipflopped on it, but he will surely flipflop back in order to make taxpayers pay for his $800 billion in spending promises that he can’t keep without higher taxes. 

While you are right that cap gains is at 15%, you neglect to admit that: In many countries it is zero; low-to-middle-class income tax rates are no higher (and thanks to Bush tax cuts 40% of Americans pay no income taxes); and that lowering cap gains from 25% to 15% actually increased the cap gains revenues in 2005 and 2006.

Obama's plan increases the marginal tax rate even for families making $40,000 a year. this is a clear disincentive for work and the worst tax policies since the 1970s. And yes - it is socialism, dont deny it.

http://travismonitor.blogspot.com/2008/10/exposing-obamas-tax-cut-lie.html

Now, it's NOT socialism to have lower taxes so your Clintonesque dissembling of calling lower tax rates on the rich 'socialism' is bizarre. It is socialism to have Higher taxes. And the idea that the wealthy have $1 trillion in tax breaks is absurd - the top 10% are paying about 60% of TOTAL income taxes, and we have the highest corporate income taxes in the OECD. As for

The wealthy can use tax shelters and tax exempt investments to shelter income.

They are incentivized to do so when tax rates are too high, but when they do that, they are withdrawing their money from the dynamic economy and putting it into less productive activities. AS A RESULT, THE ECONOMY SUFFERS. Obama's high tax rates will cause more 'tax shelter' behavior and will drive investment results down, keep the economy in a sluggish fashion and create poverty.

We added 8 million new jobs from 2003 to 2007 in the wake of the passing of the Bush tax cuts, and the economy grew. But since the threat of them ending has arisen, the economy stalled. the Democrats are largely to blame for the current economic woe, they have ALREADY done worse than we would be if only the Bush tax cuts were made permanent:

The Democrats are the incumbent party in Congress. Since liberal Democrat Nancy Pelosi became speaker after 2006 elections, the price of oil rose, the stock market fell 20%, unemployment rose 20%, and the economy has sputtered. The Democrats’ threats of tax increases and their attacks on businesses and markets and energy producers have had a toll on the economy. The Democrats tried and failed to lose the war in Iraq, but they have managed instead to break promises to cut earmarks (they made it worse), and have spent over $1 trillion and counting on bailouts this year alone. They want more - money from the taxpayer to new govt welfare cases, with a slice for their special interests on the side. An example of their special-interest giveaways is the ‘alternative energy bill’ that included $50 billion in new taxes and had a hidden $1 billion gift to trial lawyers.

The Democrats’ earlier support for the creation of CRA (Community Reinvestment Act), sowed the seeds for subprime lending. Barack Obama, did legal work on behalf of ACORN to sue banks to force them to engage in subprime lending. that subprime lending ballooned, and the leaders in it, like Countrywide, gave sponsors like Sen Chris Dodd, sweetheart deals as thank yous; when Republicans warned about Fannie Mae supporting these risky schemes in 2005, the Democrats stopped them. The chicken’s have come home to roost on the flawed idea of giving homes and mortgages to people who cannot really afford them. Democrats instigated this financial crisis as much as anyone else.

http://travismonitor.blogspot.com/2008/10/change-we-need-defeat-democrat...

Last, I would not that tax cuts NEVER impose a burden of debt on anyone. Federal Goverment SPENDING does! That's just obvious financial math. Obama's $800 billion in new spending promises, and his dishonest mislabeling of $100 a year in welfare spending as a 'tax cut' is indeed SOCIALISM at a scale that we have not seen in America .... EVER. It must be stopped.

I am not accusing everyone of being a Socialist. I AM ACCUSING OBAMA. And why not? He was the endrosed candidate of the marxist New Party when he got his start in politics:

Now, have you ever answered my question? McCain/Palin or Obama/Biden, who are you voting for? It's helpful to get some intellectual honesty from the trolls around here.