Check Out The New Obama Ad & Give Your Input!

Obama's threats aka election promises, are based on the faulty assumption that supporting the wealthy is counterproductive to the rest of the populace. The fact is the economy is dependent on the financial overflow of the wealthy corporations, tax breaks in this sector sector convert to expansion, increased productivity, job creation etc. Crippling big business and/or attempting to place a ceiling on prosperity translates to economic regression & hoarding of money by the individual rather than individual risk taking & returning the funds back into the countries financial arterial system.

Politicians rely on public naivety about national finances...governments have no money of their own, the taxpayer is the Governments piggybank, hence the individual is integral to the prosperity of the country via the trickle down effect. The wealthier the individual/s the greater their capacity to contribute to a healthy financial ecosystem.



The welfare culture is a western phenomenon, the government, in this case Obama, offers to ensure continuity & safeguards in this system rather than actively looking @ viable alternatives to promote self reliance instead Liberals kindly give the tax payers money to those not earning their own. "For society as a whole, nothing comes as a 'right' to which we are 'entitled'. Even bare subsistence has to be produced.... The only way anyone can have a right to something that has to be produced is to force someone else to produce it... The more things are provided as rights, the less the recipients have to work and the more the providers have to carry the load." Thomas Sowell, quoted in Forbes and Reader's Digest.



According to Mr. Kneeland, "...all dollars come from the people. Where do [you] think Coca-Cola gets the money to pay its taxes, Exxon gets its money to pay the Exxon Valdez fines, Denny's gets the money to pay its Justice Department fines, or even Microsoft gets the money to defend itself? It all ultimately can come from only one place, and that's from individuals." ED: When you buy a product, the price of that product has to cover ALL the costs to get that product to you.



"A politician cannot spend one dime on any spending project without first taking that dime from the person who earned it. So, when a politician votes for a spending bill he is saying that he believes the government should spend that particular dollar rather than the individual who worked for it." Neal Boortz.



Only a fool would rely on the promises made during election campaigns. The best predictor of future behavior is past behavior, this is empirically proven & informs many decisions related to potential risks. I note no mention of Obama's tendency to resort to stimulus packages in an attempt to kickstart a free falling economy. Ask why was it free falling in the first place, be certain that if big business is spooked the economy suffers.

For those who think Obama's use of this strategy is effective, remember Economic Stimulus" is shifting us from an "economic crisis" to a debt crisis. This practice is the same as business using monopoly money with the governments blessing for a period of time, business could give this money to customers to spend on their products...everyone happy for a while.. Until bankruptcy resulted. Hence Obama has relied on printing & giving away money to stimulate the economy...a dangerous, irresponsible short term fix with debt ultimately being stimulated exponentially & the economy thrown back into fear & stagnation mode.



And despite the common belief that large wealthy corporations are given a free tax ride the fact is ' the 5 % of the top earners already pay over half of all income taxes in the US. And earn only 33% of annual income. Quote..."...in 2002 the latest year of available data, the top 5 percent of taxpayers paid more than one-half (53.8 percent) of all individual income taxes, but reported roughly one-third (30.6 percent) of income...'

The ad failed to touch on core issues related to the economy. I find this a blatant disregard & underestimation of the American intellect. Civil rights are important but in a hierarchy of importance they must not distract from code red when the country is facing the most insidious crises in America's history. Never before in peacetime has the threat to to the countries way of life & political relevance been so profound.

Let's see Reagan cut taxes for the rich and tripled our national debt. Bush cut taxes for the rich and doubled our national debt. Bushes tax cuts cost this country 2 trillion dollars. The "added" returns don not add up to 2 trillion dollars. We are STILL paying for Reagan's tax cuts so tell me, when will the Regan tax cut be paid off and why didn't Bush's tax cut pay for themselves like he said they would?

Clinton left Bush a budget that was paying down our national debt. Bush cut those tax rates for the rich and we start to run a deficit. The cut to welfare and other social programs are still in place but the Clinton tax rates aren't. We're running a deficit. What's different.

And your silly notion that rich people create jobs has been proved untrue for so long now that fact that latch onto it is disturbing.

The rich do not invest their money and create jobs with tax cuts; they save it.

http://www.bloomberg.com/news...

Tell me, you're running a company. You get a tax cut. Do immediately go out and hire someone or do you wait until your demand goes up and then hire someone to help you keep up? If people aren't buying, you're not increasing your production.

When you point out the "record" revenues because of tax cuts you need remember that during the Bush years, the loan rates were purposefully kept low to keep money money moving. And Bush had one of the worst job creation records in history.

Nobody is calling rich people evil. We are simply stating a fact. Giving tax breaks to rich people does not lead to job growth.