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#1 Obama is dangerously unfit to be president
09-23-2008, 04:55 PM
- Join Date
- Aug 2005
Ihave followed American politics closely since I was a child in the 1940s. No election of my lifetime has left me as apprehensive as the current one. There are compelling reasons why Barack Obama is dangerously unfit to be president of the United States.
Foreign affairs and national security are important issues for all citizens. Obama appears blind to the dangers posed by rogue states and international terrorism. Most criticism of him has concentrated on his inexperience, which can be overcome with time. Unfortunately, his naivete, vacillation and aversion to logical analysis cannot.
I shall focus here instead on Obama's domestic agenda, which has not been subject to as thorough critique as his foreign policy. He claims that he wants to raise taxes only on persons making over $250,000 per year. Totally apart from what this ceiling will do to small business owners and the dubious morality of confiscatory taxation of lawfully gained property, Obama's allegation that the "rich" do not pay their "fair" share of taxes is nonsense. Almost 50 percent of American families pay little or no income tax under present law, and the top 10 percent of earners pay 90 percent of what the federal government realizes from the income tax.
Even if one believes that rich people (whom most of us define as persons with significantly more money than we have) are inherently iniquitous, Obama's claim that his plans will raise taxes only on them is a lie. He wants to increase taxes sharply on dividends and capital gains, evidently because he thinks -- or believes that lower income voters think-- that only rich people own stocks; try telling that to a retiree living on a 401(k). He purports to think that raising taxes on "excess" profits by the oil companies will lower energy prices, although the taxes will simply be passed onto the consumer. In fact, the federal tax per gallon of gasoline is already nearly quadruple the profit that the oil companies realize on that same gallon.
Obama promises billions of dollars worth of new "entitlements," accompanied by a stifling regulatory bureaucracy and funded by higher taxes on the "rich." His claim that he wants to help the middle class is in fact a plan to tax it out of existence and transform all but a small political elite into wards of a state on the east European model. There has been no case in history of state socialism stimulating growth anywhere in the economically developed world.
After six years of strong growth, the economy is now in a cyclical downturn, which has allowed Obama to get away with telling the most materially prosperous people in the history of humankind that they are living in misery. An Obama presidency would mean fewer jobs and less disposable income for most jobholders and retirees.
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