2008-09-16

Why Obama IS Great.

Now that virtually every single segment of the American Financial sector is bordering on insolvency most the largest corporations are turning to Uncle Sam to bail them out. Honestly what other choice do we have? But here is the issue, once these institutions are bailed out, once yet again prove with disastrous results that while people can be free economies never can be, will this Generation of Americans, long past paying the pensions of most of the Greatest Generation and long since Sold Out by the Me Generation have what it takes to turn this around? 

America: A wholly owned Division of China: A Dubai Corporation. 

Can we turn this around? Can turn around a process that had it roots in the mind of Amnesiac President's and Corporate Raiders in the Seventies? Can turn back the clock to a basic decency that can allow us to look after one another again? Can we find the strength to challenge those people in our Corporations who feel they have no fundamental responsibility to the people they employ? Can we challenge those in Government who feel no basic need to protect and serve their constituents and the greater constituency of the American People, regardless of race, creed and gender? Can we a make America a benevolent power, not just an imposing Super-Power poised to take the world to brink for the smallest of perceived threats? Can we rise above the din and confusion to be a little bit then we have been, and honor what we ARE about?

There is a guy out there who thinks so, and he gives a lot more back to this country than a great speech, although this is one of them:

..Make no mistake: my opponent is running for four more years of policies that will throw the economy further out of balance. His outrage at Wall Street would be more convincing if he wasn’t offering them more tax cuts. His call for fiscal responsibility would be believable if he wasn’t for more tax cuts for the wealthiest Americans, and more of a trillion dollar war in Iraq paid for with deficit spending and borrowing from foreign creditors like China. His newfound support for regulation bears no resemblance to his scornful attitude towards oversight and enforcement. John McCain cannot be trusted to reestablish proper oversight of our financial markets for one simple reason: he has shown time and again that he does not believe in it.

What has happened these last eight years is not some historical anomaly, so we know what to expect if we try these policies for another four. When lobbyists run your campaign, the special interests end up gaming the system. When the White House is hostile to any kind of oversight, corporations cut corners and consumers pay the price. When regulators are chosen for their disdain for regulation and we gut their ability to enforce the law, then the interests of the American people are not protected. It’s an ideology that intentionally breeds incompetence in Washington and irresponsibility on Wall Street, and it’s time to turn the page.

Just today, Senator McCain offered up the oldest Washington stunt in the book - you pass the buck to a commission to study the problem. But here’s the thing … we know how we got into this mess. What we need now is leadership that gets us out. I’ll provide it, John McCain won’t, and that’s the choice for the American people in this election.

Can we overcome the stupidity and foolishness of our hard right bend in the States?

Yes we can...


2 comments:

Jason said...

I just heard about the McCain/Palin Health care plan today. Basically it comes down to any portion of your health care that is provided or reimbursed by your employer, that money is to be counted as income and they can collect taxes on it. They will offer a deduction of, I believe up to 5400 for single and 7200 for married people. This is all in an attempt to bring competition to the health care market. To most Americans who have to pay a great part of their health care costs, they are now going to be taxed on the rest of the money the employer pays to the HCP (Health Care Provider) For anyone who works for the Government, who is Union and receives a high percentage of their HCP cost covered by the Union or employer, or Military which all health benefits are covered in their contract will now pay taxes on that because it would be considered income. You may ask well how much would that be. Let's take me for example. I get paid just under 30k a year for my hard work at the city government. My benefits include full medical, dental and vision through the big local HCP. This health care package costs the taxpayers around 800 a month just for me! If I were married, it would be around 950 and if I had kids it would be close to 1100 a month! This is a great benefit to working for a government because they HAVE to accept you in the the plan. So back to the example. So now the McCain/Palin plan raises my taxable income from 30k to 39600 with a deduction of 5400 to 35200 since I am single (or will be at the time I file) If I were married it now goes to a taxable income of 41400 with a 7200 deduction it drops the taxable to 34200, 1000 less then me being single. Now if I had kids, it now jumps to 43200 and most likely being married you get the 7200 deduction dropping the taxable to 36000 but of I was not married but had kids I only get the 5400 raising the taxable to 37800.
Thanks to this plan that would mean a single parent would be taxed on 300 dollars extra a month without ever getting a raise.
Just a little more number crunching here if you are still reading. Someone whose base is 37800 can expect around 30000 dollars cash after taxes. In the single parents case when their base is 30k, they get taxed at 37800 and only get 24k. It's like the government just said, you make more money than what you really do now give me more taxes, and then took 6 grand from you. I though McCain said he wasn't going to raise taxes, I guess it's partly true, this is a NEW tax!
Sorry about the long rant.

Joshua Vaughan said...

New Taxation is almost inevitable to help stabilize things... But with AIG getting bailed out the Government it's people like you and I who foot that bill. Any Company getting bailed out by the government should by necessity forfeit their boards of directors holdings. But instead they cash in when they are high flying and fuck everyone over when it crashes. It's TIME for Class warfare, and don't think for one second that those Fuckers didn't start it...