Insight on Obama

[fixacr]

If you think Barak Obama has the best interests of the country in mind, check out this interview

http://www.issues2000.org/economic/b...tax_reform.htm

Even though he apparently admits that it has been proven over and over that raising taxes decreases the amount taken in and lowering taxes increases that amount, he says he would raise taxes "in the interest of fairness"

Is it just me or does that sound like he is willing to flush the country down the toilet just so he could "get the rich"?

[acmanko]

I really don't think anyone can accurately tax the income of the rich. most of the rich don't have income. they have profit.

[whec720]

I really don't think anyone can accurately tax the income of the rich. most of the rich don't have income. they have profit.

LOL....that sounds like something Barney Frank would say.

[acmanko]

there is nothing wrong with profit. It's all about capitalism, which is still working as intended. It just needs Democrats and Republicans to leave it alone.

[batdude]

IMO what is "working as intended" and which the Dems and Repubs are "leaving alone" is global government under a world central bank.

note the recent historic coordinated ratecut round the world. no voting allowed.

Peter Schiff, EuroPacific Capital
"Of course the biggest collateral damage caused by Paulson’s bazooka is the large hole ripped through the already tattered U.S. Constitution. If the government can do this, does anyone believe there is anything it cannot do? In effect the Federal government now has absolute power to corrupt absolutely.

…While it is dizzying to predict how this plan will be implemented, it is fairly simple to foresee the macroeconomic consequences. The U.S. dollar will be shattered beyond repair. The government simply has no means to make good on the trillions of new liabilities. Interestingly, while both Paulson and President Bush acknowledge that the plan will put “significant amounts of taxpayer dollars on the line,” they did not mention any tax increases. Given the politics, no such move is forthcoming. The printing press is their only solution."

Hey, buddy, can you spare an Amero?

[Mr Bill]

there is nothing wrong with profit. It's all about capitalism, which is still working as intended. It just needs Democrats and Republicans to leave it alone.

Well the market was on the upside before the bail out.