Friday, August 29, 2008

The Speech

Obama... Yeah. I won't be voting for him. He likes to talk like me, but does not deliver on what he says.

I have a hard time figuring out what he means when he talks. He talks about freedom and personal responsibility, then talks about how government needs to provide things for people who have not been personally responsible. These things he promises will be provided by the people who have been personally responsible. Thus he is punishing personal responsibility.

Freedom and personal responsibility... Why then, must he look to remove guns from law abiding citizens? That is not personal responsibility. That is not freedom.

We disagree on the Bush Administration's economic policies.
He said "Tonight, more Americans are out of work and more are working harder for less." Just this week we learned that the average Americana's wages were higher. Does he not read the papers?

He said "More of you have lost your homes and even more are watching your home values plummet." A very small percentage of people have lost their homes. The primary reason they lost their homes was because lending institutions were forced to lend money to people they knew were high risk. About 97% of all mortgage owners are paying just fine.

Obama said that he would "for 95% of all working families. Because in an economy like this, the last thing we should do is raise taxes on the middle-class." This is a lie. He will not cut taxes for working families. He said that he would allow the Bush tax cuts to expire. That means that the Marriage penalty will be back. That means that all married families will immediately get a tax increase.
Who is not middle class to Obama? He has said earlier that he considers that any family making $150 to $200 thousand is not middle class. What group of people are the majority that make that kind of money? Small business owners. The major economic force in the country. Higher taxes on these people means that they can employ fewer people. That means fewer jobs. Most of these businesses will not "create the high-wage, high-tech jobs of tomorrow." That means that they will not receive the capital gains tax exemption that Obama spoke of. Without the Bush tax cuts that means that they will be taxed at 30% for their capital gains. With the increase of cost to profit, it makes investment in stocks too risky, with very little reward. They will invest in safer bonds instead. That means that the stock market will suffer.

Not the policy we need.

I intensely dislike George W. Bush. He grew government at a pace that no President before him could match. Not even uber liberals like Roosevelt, Hoover, and, LBJ. He absolutely screwed up the Iraq war. What should have a total victory in 6 months, took us 5 years. We did not go in with enough men, and we kept it that way until, finally, a real fighting man came to save the day.
However, you have to give him props. His administration has been through:
  • The worst natural disaster in the Nation's history, in which a major American city was virtually wiped out.
  • The worst corporate scandal in American history.
  • The worst terrorist attack in American history.
    Two major armed conflicts.
    Any one of those events would have caused a major recession. To this date, we have no recession. Unemployment is at 5.7%. This is what it was at the height of the Clinton economic boom.
    Bush was handed what could have been a major recession in 2000, and that was a real recession with the full two quarters of negative growth, and turned it in to the greatest economic boom of the last 50 years. The Dow sits at 11,715. Unprecedented.

    The greatest mistake of the Bush administration was over spending. Had we not enacted the ridiculous Medicare prescription drug benefit, had we cut spending, like Bush promised in his campaigns, the dollar would have not dropped, and the price of oil would not have skyrocketed.

    America does not need more benefits. We need more freedom. We need less government. We DO NOT need Barack Obama.

    Transcript
    Labor Stats
  • 2 comments:

    Daniel said...

    Good thing McCain selected a running mate to complement his beliefs and make up for his shortcomings. Oh, wait...!

    I'll take fresh and dynamic over stale and... stale. Anyday. :)

    Natto Ninja said...

    What is dynamic about him exactly? His tired ideas that have failed in every socialist country, or his inability to say anything of substance?