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Obama supports large capital gain and payroll tax increases, large cuts in military budgets, more regulations on business, gun control, opposition to domestic oil drilling, cap and trade carbon reduction taxes, socialized healthcare, amnesty for illegal immigrants, huge increases in foreign aid, reliance on international law and UN resolutions over US law, and open negotiations with hostile regimes like Iran and Syria. Just the single act of increasing the capital gains tax to 28% (from 15%), as he proposes, will have a huge negative impact on the markets and investors. Considering the generally negative market outlook, a significant tax increase on investors is not exactly the best way to pump liquidity into the system. He is on record as saying that the negative economic impact of the tax increase does not concern him as it is a matter of "fairness." He has co-sponsored a bill (Global Poverty Act of 2007) which would require the US to spend 0.7 percent of its gross national product on foreign aid (above what we already spend) for 13 years. That is $845 billion which will be administered through the notoriously corrupt UN. He is on record as saying he will "cut investments in unproven missile defense systems...... slow our development of future combat systems....." These are the same missile defense systems which have been successfully tested and are being implemented in Eastern Europe right now. Barney Frank is currently proposing a 25% reduction in the defense budget. Obama would sign that into law while McCain certainly would not. His plan for a cap and trade carbon tax system would add significantly to the already high price of gas and would represent the largest tax increase in the history of the country. It would create a huge new layer of government bureaucracy that would have an expensive impact on almost every aspect of your daily life. (Most human activities have a carbon impact). Obama has been quoted as saying that if someone built a coal fired power plant that they would be "bankrupted" under his tax plan. Anyway these positions and many others are why I oppose him in addition to his associations with people like Ayers and Wright. There are so many reasons to be opposed to Obama is hard to know where to begin. He is easily the most left-wing candidate to be nominated by the Democrats in my lifetime. |
Omg.. Hillary? What has she ever done? She was the first lady and then moved to NY because it was easy to win a senate seat. I voted for her husband twice, but I voted for Obama in the primary.
It's funny how a guy who isn't for big oil, isn't for tax cuts for the rich, wants to give health care to every american, etc scares people so much. Bill clinton cut the defense budget too, but he got elected twice. http://www.heritage.org/Research/Nat...rity/bu189.cfm Mccain is an old man and he chose a woman who can't even name a newspaper as his second in command. If that doesn't scare you, 2 more conservative supreme court justices should. |
guys Florida could go either way. I went to Vote today, and the wait is 3 + hours. The lines are huge.
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