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Experience The Joys of Democratic Governance

Just a few recent examples

By: Dan McLaughlin (Diary)  |  October 23rd, 2008 at 12:39 PM  | 

RESIZE: AAA

More goodies to expect from a Democratic president and Congress:

-Elimination of tax breaks for 401(k)s in favor of a government system.

-Bailout for Obama’s buddies in the ethanol industry. (Yes, this one comes from Bush’s Agriculture Department…but just remember that McCain is Big Ethanol’s least favorite Senator, while Obama is its favorite).

-Obama says that taxes are bad, so he has a plan to reduce state and local property taxes by sending $25 billion to state and local governments. He will get the $25 billion from…voluntary charitable donations?

-Eliminating year-end bonuses that provide the bulk of compensation to employees on Wall Street and the backbone of the tax base for New York State and City.

-A replay of the foreign policy blunders of the early Kennedy years all the way down to the management style.

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  • jsteele

    -Obama says that taxes are bad, so he has a plan to reduce state and local property taxes by sending $25 billion to state and local governments. He will get the $25 billion from…voluntary charitable donations?

    He’s been so successful getting campaign contributions maybe he figures the same scam will work for his revenue shortfall.

  • stephenhalsey

    for including the elimination of 401K tax breaks in your post. Hopefully people that read this site will pass this along to everyone they know.

    This is a huge deal to millions of Americans, many of whom would receive their little check from Obama. The thought of being forced into a government run retirement plan, administered by the Social Security Administration should send chills up everybody’s spine. It’s absolutely frightening to think how much government could expand and invade our lives under an Obama/Pelosi/Reid regime.

    And why isn’t McCain and Palin mentioning this on the stump? I really think this is a game changing issue that millions of people understand. I’ve already called their Virginia office and all I got was an ‘uh-huh’ and ‘thank you for your call’. Folks, call your Reps and Senators up for relection and call your local McCain office to let them know that this elimination of 401K tax breaks cannot happen.

    • wt259

      I also don’t understand the unwillngness of McCain-Palin to exploit this. It is a game changer, if people know about it, but they don’t. The other side’s base doesn’t care about this, they’re going to get their relief from the guv’mint, so they’re not interested. Our side better be.

  • janmar

    Investors business daily poll has barry up 1.1%

  • PaRep
  • PaRep
    • Dan_McLaughlin

      Ed’s post this morning was the first I had heard of this particular crackpot idea. There’s more here, including a relevant analogy to what Argentina is doing.

      But they should jump on this one with both feet, it dovetails perfectly with the “spread the wealth” tax plan.

  • c17wife

    GOP to jump on the 401K stuff.
    I mean seriously, this is just insane.
    401K are the only thing we really have left. Oh, and let me guess, they are probably going to tax our Roth’s too? We switched those back in the day and our accountant told us to beware of that possibility.

    The ads need to be pumping in every critical battleground state and each critical race.

    This is an issue Right Change could also take up. Any one have any pull with them?

    Lastly, get it to Lou Dobbs and O’Reilly. This is just the kind of thing to get those two schreeching wildly!

  • Obama2008

    MAVERICK MY A*S!! I’ll be back around November 4 or 5 to get your thoughts. You do know what day that is don’t you?, the day we call it a day and send McInsane packing. See you then!! MAVERICKKKKKK

  • horaceox

    China.

    • aaronbg

      You sick pieces of fecal matter.

      I am suprised you even have the gall to post here since there was an Obama supporter today who attack a McCain worker who is a 20 year old female. Yeah thats right…your side…and in fact the attacker went so far as to carve a B for barrack in this young ladies face….I hope you are proud of your Man-God and the supporters he draws….you have no shame!!

      • awtherfrd

        You don’t have to be so harsh. We are sensitive. We have feelings too.

        • Moe_Lane

          And, no, you’re not coming back.