Obama The Socialist, 2001 Interview

This is not going to go over well with many people. I fail to understand why an interview done in 2001 is not relevant to today's election:

"A 7-year-old radio interview in which Barack Obama discussed the failure of the Supreme Court to rule on redistributing wealth in its civil rights rulings has given fresh ammunition to critics who say the Democratic presidential candidate has a socialist agenda."

Read more here:

http://elections.foxnews.com/2008/10/27/ra...ealth/comments/

"Change we can believe in" and "Change we need" are perhaps mere code words for socialism - lets change the constitution to what we really want to do and that is to redistribute wealth.

Grant it, I would probably be one of the people to benefit from redistributing wealth, but to me it just not seem right to penalize people that work extremely hard to become doctors, scientists or build a business up working 80 hours a week. Socialism is not something we need and if I recall, didn't we fight a 35 year cold war to prevent the spread of Socialism?

MacFive;

The Cold War was waged to stop the spread of what we labled Communism which in fact was Bolshevism, an extreme Dictatorial form of Socialism which corrupted the tenents of Socialism. There is a vaste difference between Communism and Social Democracy. Look to Scandinavia, or the Netherlands or North to Canada which is a blend of both Capitalism and Socialism under a Parliamentary Government. Canadas' economy is Free Market just like yours but we have Social Programs for those who are in need. We also have of course Socialized Medicine, Old Age Pension, Canada Pension, Unemployment Insurane and Baby Bonus. Any resident or citizen of Canada is free to pursue the Capitalist Dream just like in the States. In my 40 plus years of working only once did I have to rely on Unemployment Insurance when I was laid off and I actually found a new job before the payments started. Our Socialized Medicine is the best safety net in the country as I know that if I am sick or need hospitalization I will not be bankrupted by the bills. So as I have stated maybe just maybe a little Socialism would do you guys some good. All you have to do is look at the Banking crisis you are going through.

Camac.

Camac.

Redistributive change can also mean taxing the windfall profits of the big guys like Exxon in order to help the small guy, both indviduals and businesses. This is what Obama has talked about during the campaign. He's not talking about taking anything away from anyone, just changing the tax rates to more realistically spread the tax burden to those who can afford it while giving some relief to the folks who can't afford it.

Meanwhile, McCain's plan to tax health benefits and give a five thousand dollar credit directly to the insurance companies seems like a way to take money from the small guy and give it to the big corporations.

Buzzzzzzz! Wrong answer. He isn't going to ease any burden, period. Those "in need" he speaks of are the ones who, as we speak, already DO NOT PAY TAXES. Building the nation from "the ground up?" That's preposterous. What Obama's referring to here is more evidence of a flawed view. He wants to give to those making little and contributing nothing from what is taken from those giving over 1/3 of their gross earnings and contributing everything (jobs, revenues, GDP, etc.). No, spreading the wealth is not a slip of the tongue, it's exactly what Obama intends to do. A little Robin Hoodism. Take from the rich (punish success) and give to the poor (hand outs to the undeserving). Period. My fear is, unsubstantiated as it may be, is that such a system will serve as a deterrent to entrepreneurialism (new word) and more government control in what should be private commerce.

Question? Whats wrong with paying your fair share of Taxes? If I'm a multi millionaire why should I have more tax loopholes and breaks than the ordinary working stiff. If the country is good enough to live in it's good enough to pay taxes in.

Camac.

If your not afraid to learn the truth, go to www.taxcutfacts.org and follow the hot link to read Obama's entire plan. Plus there is a widget to calculate how much tax relief you would get under his plan.

Wouldn't there be a lot of money generated if they just did away with all of the tax loopholes?

Val

Who owns Exxon? Is it an individual, or is it owned by the "little guys" via their 401(k)?
Sure, nail the "big guy" even harder, and watch the "little guy" end up with even less to look forward to during their retirement.
You may get an immediate tax break, but the end result will be that you have to invest all of it in order to maintain your retirement goals.

I'm not saying to take away all of Exxon's profit, just make the tax they actually pay more proportionate. I don't remember the percentages (nor do I remember where the actual report came from), but a large number of the fortune 500 pay no income tax due to loopholes in the tax code, yet they pay large dividends to their shareholders.

The little guy has very few loop holes. Ask the guy making $25,000 a year who's supporting a wife and two kids.

Any tax on business is always passed on to the consumer. Were the "rich" and who defines rich as all things are relative, taxed at 80 % with no loop holes, the money raised would be only a drop in the bucket. The wealthy would move their money to more favorable tax countries and only bring back needed living expenses.

The only thing that makes a country great is it's industry and we "gave ours away."

That can be attributed to both parties though for different reasons.

Slàinte,    

Patch    

I heard tonight that they first said if you made $250,000 or less you would get a tax break....then it was $200,000 and now Biden said $150,000.

I don't believe all of this talk about tax breaks. Thats what they do to get into office and then they will say because of the unusual financial condition they won't be able to follow through on tax breaks.

Ditto!

A sporting goods tax was slipped under my radar and then my internet phone service was taxed, again without my knowledge. If one votes for a tax cut, he/she has truly wasted their vote.

Slàinte,    

Patch    

I suppose you could call the video at this web site McCain the crook.

http://my.barackobama.com/page/invite/keatingvideo

I expect it will increase to a frenzied pitch in the next week. I have seen some rough elections but this one should get a prize. Both sides know who will win at this time. They are both polling daily. Locally our "conservative" newspaper said this AM that McCains team seems to be losing enthusiasim in Ohio.(?)

I personally see some possible glitches yet.

Slàinte,    

Patch