No, I'm not going to say doom. Too many of you don't think that's very funny.
But seriously, what should you expect?
First, Nancy Pelosi and Harry Reid are going to have the tax hike bill on President Obama's signature on Inauguration day! On his very first day on the job he is going to the sign the biggest tax hike on "rich" Americans in American history.
Right away, the class warfare is going to start in earnest. "Rich" people are going to be made to suffer.
This will take a toll on the economy. The "rich" won't have as much money to spend. They'll go out to eat less. Waiters will make less. Restaurants will shut down. People who are living on the margin in service jobs will lose those jobs. Misery will increase. Thank you Obama and Pelosi and Reid!
Next, Obama will start sanctioning our trading partners for mistreating workers in those countries. Our trading partners will retailiate. A trade war will start.
Those lower income folks who just lost their jobs, who relied on cheap goods from Wal-Mart to enjoy a semblance of a decent living, will see those goods skyrocket in value.
Wal-Mart sales will decline. Wal-Mart, the largest employer behind the US government, will start laying people off. It will be real hard times.
Next, Obama will disallow all nuclear, offshore and onshore drilling for oil, and energy prices will jump again. People will literally not be able to afford to drive.
People will get really made. The downward cycle will start self-reinforcing. Successive rounds of higher and higher tax hikes on the "rich" will further drive the economy down. Meanwhile, the tax hikes on the "rich" won't bring in the money the government was expecting, and in fact the government will bring in less money from the "rich" than before the tax hikes--you know why? The rich won't work as hard because they don't have to! hahahahhaahha
More tax hikes will follow to close the "tax gap." More service people will lose their jobs as the rich quit spending.
The Obama Presidency is going to be a disaster.
where were you and why didnt you see this 6000 point drop in stock market or better yet why didnt you use your crystal ball to tell the country how screwed up it would get if George Bush got elected in the first place but better yet can you give me all 6 digits in the next power ball drawing------------------------------------------- I didn't think so.
Right away, the class warfare is going to start in earnest. "Rich" people are going to be made to suffer.
The rich are going to be made to suffer? Hahahahaha!!
trickle up works best..when the poor have more money they buy more things and the rich have more customers.. thats why when bush gave us all 300-600 the economy actually factually improved for 2 months.
now give peopel a real living wage and blamo.. you have a functioning economy again.
wow amazing how that works.
hey lets look into the fiture of the john mccain economy tax cuts for the super richa nd tax cuts on investments.. well since raies havent kept up with inlfation, slowly but surely the middle class falls into the upper lower class and have less disposible income to shop at the rich peopels stores, to buy cars from rich people, to buy houses from rich people.. they have less meoney to shop at rich peopels super malls and start giettign thinsg like food stamps to cope.. the rich start to suffer from less sales.
the poor screem that food stamps arent enough.. the rich laugh and say get a job you POSs the poor say raise taxes.. the rich laugh and point at the gop who lower their taxes again.. the rich keep the excess and even more of the middle class fall into the lower class and then you start to have a real class war.. all thanks to john mccain and his view that if you give peopel money at the top they will freely give it to the peopel at the bottom.. when if you give it to the peopel at the botom they will actually buy stuff and only in this country.,. they wont go to europe and sepdn a ton on a quick vacation.
Right away, the class warfare is going to start in earnest. "Rich" people are going to be made to suffer.
This will take a toll on the economy.
Wow. Apart from the rich people suffering, it sounds like you've taken us on a magical trip into the present.
How about punishing those with 401k retirement accounts? Or the government bailing out insurance companies at the expense of the taxpayers? Guess you're cool with that, too.
hi hitg
we have had capitalism for the last hundred years and social welfare as you call it is an expanding serf class a contracting middle class and a shrinking elite class
capitalism needs balance which it wont do on its own
sorry if you are part of the rich but you NEED to be taxed more and i call BS on the rich cutting back becuase of tax cuts ROFL
trust me, if you tax the rich too heavily everyone is made worse off, especially the poor
head we are doign reverse socialim by our tax codes and protectionist amrkets.. how can i compete when walmart gets a tax break to mvoe in and be my competition.. i didnt get a tax break, I am not large enough.
You guys have had the ball for years.. as it has been noted only clintona nd carter have had control for the dems.. but other wise it has been 8 years of reagan, 4 years of dady bush amd 8 years of the idiot.. and what have we got but the rich gettign super richer.. the middle class shrinking, the stock market in the garbage,and a median priced house out of the reach of a mnedian income.. yeah thanks gop.. but no thanks.
Yes, we are so much better now! (note the sarcasm) The GOP is no longer a party of the people. I am forced to vote Libertarian and hopefully bring legitimacy to a much needed third party. We've been betrayed and it's time to clean house.
"I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale." Thomas Jefferson
"I know no safe depository of the ultimate powers of the society but the people themselves;" Thomas Jefferson
lol the gop are reverse socialist.. but you knwo you love to through that term arround.. and active military is socialism, schools system is socialism, a pure capital system woudl only have paid schools and a hirered military.
it woudl be nice if the mccains knew there were more than 5% of the p[opulation in this country.
Every claim in your article is a gross exaggeration or misrepresentation of Obama's platform. But I hope you enjoyed your self-deluding thought experiment. And I hope you'll look back on it in 4 years and see how wrong you were.
i like how you make it sound like only rich people go out to dinner and tip waiters. lol...
fact of the matter is, is if the middle class has more money to spend, and they will due to the TAX BREAK obama will give them, more people will go out to eat and the waiters will be fine. :)
Exactly... the tired and played out mantra of "trickle down" has been shown for what it really is, a bunch of BS which benefits the rich. Enough of this waiting on crumbs to fall from the dinner table. People want to eat at the table not to simply wait on crumbs to fall as a dog does. Its time for a "bottom up" approach. The "rising tide" idea is both a more economically and moral approach whose time has come.
Exactly. There are not enough rich to trickle down to the poor and middle class. But there's plenty of middle class to trickle up to the rich.
obama is a tax hiker. a serious one. he wants to unilaterially amend nafta.
the guy is a radical socialist whose policies will be very harmful to america.
300 million people in this great country and who do we have running for the highest office in the land? A socialist, a certified nut case, Rambo and I don’t know how to classify Biden since I’ve never heard anything from him but garbage.
LOL ok get this.. look at the market.. and this guy called "headinthegame" wants to convince you OBamas' plans will be bad for america.
LOL head tell me in what way are mccaisn plans any differnt from bush.. they wont say.
This must be kinda tough, being a die hard republican in this type of political season...where reality and public opinion are at odds with you at every turn.
It will be ok, we'll accept your apology in 2012 :)
Let me guess... doom?
Yah, the tripping part is right.
Wow!! Scare tactics again. It doesn't work. Haven't the polls made that crystal clear???? From where I sit, there's nothing Obama can do that's any worse than GWB. I'm willing to give him a chance. If he screws up, then we'll throw him out. Meanwhile, go Obama/Biden!!
It is interesting how you link the Tax Hike on the rich to to the demise of everything else in the economy.
I am interested to know why you think that the 5% of Americans that make over 250,000$ a year (the "Rich") can have such a big impact on everything.
What about the rest of us?
HITG - You really have it backwards. You actually believe that 'trickle-down' economics works. You actually believe that our economy is driven by them and not working folks.
Well, you have about three more weeks to push this junk and then your credibility will reach rock-bottom. All of the economic points you bring up supporting the opposite of an Obama presidency are ludicrous. The Bush tax cuts for the rich cost this country $300 billion since 2001.
Working families don't feel sorry for rich people, sorry. They wonder if they will have a job next spring, be able to keep their homes, feed their families, or worry if they will lose everything they worked for if someone has a major illness.
You are a fan of fear. I am a fan of hope. That is where we differ.
Your constant calls to doom and gloom are tired and worn. zzzzzzzzz
you cant kill something that is dead already sorry rob but no one here is buying it
we are already sorry for 28 years of trickle down
its time we try something new
you know what we already have many socialist programs so please stop acting as if its the end of the world
and secondly cuba maybe possibly might have been ok if we hadnt had the world put up non trade agreements with cuba
we helped fidel castro into power and then vilified him and economically ruined his country(this is a matter of record at this point in history by the way you can look it up)
us not him
no one knows how they would have ended up without those events transpiring, heck even the mob bosses were trying to turn havana into the new las vegas
but trade embargoes tore that asunder
if college and health care being free and quality to every american is socialism then BRING IT ON DAMNIT WE NEED IT
you should quit acting like a trigger word like socialism is the bogeyman, its just a word
HITG - Gayla the Bookkeeper and I have this other business besides the book-and-mag thing. Most of our customers are well-to-do Republicans. We're talking about folks some of whom get signed Christmas cards from George Bush each year. Two own investment companies.
We don't discuss politics or my column with these people because our business is non-political. But, they often volunteer their feelings to us. Many are planning on voting for Obama.
Here's the basic problem with your pro-McCain stand, and you just can't get around it.
The Republicans had the White House for two terms. Bush has caused so much damage that Americans just want no more of it right now. They are tired. They have been beat down with an unimaginable set of events. Gas prices, war, poorly-addressed natural disasters, a Torture Center in Guantanamo, bad relations with our allies, and to top it off at the very last moment...the worst economic crisis in the last eighty years.
'Hello...(hello)...is there anybody IN there...'
You only have two realistic choices, as I said in a previous article. You can go with the New Kid on the Block, or you can go with So Five Minutes Ago.
Since So-Five depends on hate and fear to further his campaign, even unintentionally, I vote for hope and change. See you on November 4.
the only thing mccain would change is what countries we are fighting wars with
we dont need him, strike that our country isnt strong enough to be able to survive him right now
we need to stay in the recovery room for a little while after the cancerous bush/cheney tumor has been removed
About fear, I think there is alot of valid fear out there because we are seeing the results of an economic culture that has evolved in the past 100 years...We are living in an economic world where a human being has been reduced to a tool of profit and the worker is continually dealing with the threat of unemployment...that alone should have been a standard in regulating underwriting decisions in granting home loans or not. I knew of only one woman who was very conservative and did not deal in subprime loans.
We live in a world where there is a growing class of very rich people, separate from us. This economic world has created 2 classes--capital and labor, and with it has brought about the response of the need for revolutionary change....but this type of change only brings about more injustice.I believe in the capitalist system, but it has to have a strong ethical and moral overseer....otherwise we reap what we witness now.
I look at the environment of the modern world where the consumerist mindset is ravaging the animals and plants, science is experimenting joining animals and humans, changing the natural foundation of our food with muted genes...
Ideally, the state should exist for the human being.
There are states that work for that ideal in our country. But the federal government is way out of line as is the economic system...the bailouts haven't worked, and I think the common people who opposed bailing out the corrupt rich have more sense than the financiers with all their speculative and inflated investing...
We live in an increasingly secular world and the freedom of religious expression has been muzzled. People should read John Paul II's writings on the social condition such as 'Centisimus Annus'. It is very timely and can give us some guidance many of us are not receiving from presidential candidates. There is an essential bond between freedom and truth and fascist societies prevent that.
We already have powerful fascist elements in both government and the media and need to look more to history. The blame game can only go so far and you can not demonize a race or economic class without seeing the same in the other.
I expect the American people to actually work together with the government and help fix a lot of the problems we are facing. I expect the people to be informed good citizens and be the overseeing power of a democracy they truly are.
Obama cant fix this country by himself he needs help from everyone. I also believe if he starts doing stupid stuff people should start questioning his decisions. This is a democracy people, we have the right and duty to question our leaders and make sure they are helping this country. I support Obama but its going to take more than one man to put this country back on the right track.
What To Expect If McCain/Palin are Elected; Join Me For an Imaginary Trip Into The Future
I have to go out, but coming back to see this 'trip'! I will probably miss Hannity tonight when he comes out on Obama...
Missed Hannity but saw the bomb.
headgame you are such a crazy nut. And I mean that in the best weird uncle kinda way. You know the guy that comes over on the fourth and disagrees with everybody. The one that everybody wishes wouldn't show up but just can't bring themselves to not invite. Yeah your like that.
Look me up on the 4th Headgame. I'll buy you a beer and we can compare notes.
Obama is trying to correct the mistaken policies of all Presidents since the 70s by raising again the taxes for the highest income groups. Sure, the rich weren't as rich in the 70s, but they were still effing rich.
yeah rememerb the great depressions of the 90s when clinton was president and we were losign jobs and the world hated us and the market was in tatters.. oh wiat that is now and under bush.. the 90's were awwesoem.. and you say obama wants to rerun clintosn tax plans?
hell yeah!!!!!!
here is the main reason why trickle down doesnt work and peopel dont get fired when min wage goes up.
Businesses will use the bare minimum number of people they need to get a job done.
Businesses will pay them just enough not to quit.
This doesnt change if they have more money or not. you wont get 3 waiters at your table just cause a resteraunt is popular.. no they add tables. taxes go up, hey dont get rid of help it eats a little in their proffits, but they still staff the resterautn with the bare min they need to get through the day.. most have computer programs or databases to help that say I neede this many peopel from last year as we did this much and I'm goign to need this much today.
If suddenly a business got a windfall of a few million it woudlnt be raises accross the board. it would go into the reserves and to executive pay.
sure there are minor exceptiosn but for the most aprt the human animal is greedy.. we need to hoard food for winter.. You give all the money to the top it wont trickle down as he has no influence to make it trickle down.
Poor peopel on the other hand do have influence.. besides for food and bills they want to live as much like those above them as possible too.. they will spend every dime they make.. the rich are less likely.. they invest.. they hoard, they leave to their children.
and i dont care how much you tax the rich.. they will always eat out. LOL I mean as if really.
Wait until after the Debate... must hear what is the plan... will he Include Americans, will he challenge "We The People" to change our credit-card usury behavior, cut our Thermostats down, close the Fridge? Let you know late Wednesday...
[If Both are "Go-it-alone" leaders (like McCain saying, "I can do this, I know how..."
Then...... we are in for a long recession, possible depression... WWII= we saved tin-cans for Japan, Kennedy called us to The Peace Core/ Then The Moon... you get my drift...
(like McCain saying, "I can do this, I know how..."
Always worry's me when I hear that. It's like my kid saying, "Let me, I know how to do that".
I have a little secret for all of you the word that comes out of Senator Obama's mouth the most is not Democrat, it is not Republican, it is not Libertarian, it is not Green Party it is not Black and it is not white nor is it African American in fact the reason why I like Barack so much is the wordhe uses the very most is America you listen to him and try to see how many times he has used any description for himself and all of us and i will guarantee you it is not our ethnic descriptions but our nations name America or Americans and that is why he will get my vote.
while id much rather see obama than mccain that is whats called a political tool ren
its similar to never saying your opponents name which is stupid but they actually think it matters
the reason mccain doesnt do it is because he isnt in control of his campaign anymore and they are telling him to say things that in the end leave him little chance of winning
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