Obama the Socialist

Quote from clacy:

I would actually be ok with a temporary tax increase if I thought for a second that Obama would use the money to pay down our debt rather than instill several more entitlement programs that quicken our demise.
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Congress has a long history of implementing new programs whenever there was a bit of extra money in the treasury, regardless of how specious or temporary the source.

And of course all new programs become permanent... never to be trimmed nor eliminated when funds dry up... thereby requiring ever greater taxes or print-money and inflation.
 
Quote from walter4:

What a load of crap. Especially after the $29 billion of taxpayer money to bail out Wall Street (Bear Sterns).

As one poster said: American capitalism = Privatize the profits, socialize the losses. The rich get richer while the poor get the bill.

I think it's time to change that shit around.
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There have been some serious FED economic fuck ups the last few years, but BS was not one of them. In case you haven't noticed, there is no Bear Stearns anymore. This was not a bail out. It was a move to prevent the complete melt down of the financial system due to all the counter party risk (estimated that half a trillion could have evaporated immediately).

There is a reason why they acted on a Sunday, something they almost never do. They (the FED), were truly scared of an implosion. I am not a fan of the FED at all. I wish they didn't exist, and we had some other method of controlling rates, etc, but in this case, they did the right thing.

The FED is non partisan BTW. They would have done the same thing under a democrat President.
 
Quote from lindq:

Everything coming from him lately speaks to a clear socialist agenda.

Redistribution of wealth. Government interference in free markets. High taxes on successful entrepreneurs AND their businesses. Increased capital gains taxes.

Look out below. Dow at 9500 next year.
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I agree. Obama is bad for business, but fortunately he won;t win.
 
Yup, Obama will be the second term of Jimmy Carter and the fourth term of Roosevelt.... after 8 years of Obama we will have cobbled together the worst of all worlds, no incentive to produce and a patchwork of socialism that doesn't work for anybody except Obama's fellow lawyers.......
 
Quote from MustPlayOptions:

November will be the end of America as we know it and we will become the USSA:

http://money.cnn.com/2008/06/20/mag...bama.fortune/index.htm?postversion=2008062308
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Thanks for the link. My take-away from that article is plainly that Obama simply has no clue.

We get to look forward to a trainee in the White House.

Note here that I was the first to coin the phrase, the "Waffle House". Which it will become.

Nary a decision will be made without a lot of waffling.
 
Lately Obama has moderated some of his views. Whether he is doing this just to get elected (playing to the middle) or he really has seen the light remains to be seen.

For example he has indicated he won't be withdrawing troops en masse from Iraq. He has also indicated he would be in favor of lower corp tax rates. One good item to note is that he has pissed off the MoveOn.org peolpe to the point of them getting a petition started.

Oh yea, he also said he would not take public funding, which also po'd the MoveOn.org folks.
 
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