McCain-Endorser Greenspan Does Not Endorse His Tax Cuts

Even his supporters cant figure out why they support him. too bad people cant just vote for the candidate and the ideas instead of party or sex or color

yet he will not change his tax proposal, one iota. Bring on the debates!

Wow, I did not know that Alan Greenspan endorsed John McCain. I thought he was a smart guy … if he does not back his tax plan, what does he back about his “plans”??? And now, after the disgraceful campaign McCain is running, and putting Palin on his ticket, Greenspan is still backing McCain. Greenspan said he was a Republican. This Republican Party, should be called the Evangelicals … Greenspan is that you???

Zogby and Rasmussen both show McCain leading in electoral votes. McCain continues to up his lead with white women, Jews and Catholics.
The vile way the trashed Clinton and Palin certainly didn’t help his cause. Did it?

More bad news for Obama.
The electroal map is shifting in favor of McCain-Palin. America is standing up against Obama, especially in those key swing states.
Full speed ahead on the NOBAMA straight talk express!!
McCain-Palin ’08
Hillary ’12

Read my lips. BHO will raise your taxes and the prices you pay for goods. Corp American will not stand buy and eat the cost of business Obama will caused.

Good for Greenspan to point out the need for restraints on spending, which is what McCain-Palin will bring to Washington, and which is why Obama and his big spenders are so hell bent on personally attacking them at all cost.
===
point it out? he is saying that McCain’s plan is NOT A GOOD PLAN.
lol.. nice try

Super Delegates are the democrats way of exerting undue influence on their party’s nomination. Didn’t work too well, did it?

Way way to much drama with Obama. Today he tried to compare the terrible destruction that happend in Texas from Hurricane Ike to what we all go through. Obama is so out of touch with the American people that he thinks everyone’s life is as bad as the guests on Oprah. He just keeps getting worse.

Obama = Change
McCain = CHUMP CHANGE
Only CHUMPS would vote for an UNTRUSTWORTHY LIAR.

10:1 Obama signs to McCain in Northern VA. The folks who actually work in the govenment know who’s best for the job.
If we can get through to the Bubba Americuns down south, and make them understand that a bunch flag waving, fake resumes, and sarcasm isn’t going to help their situation, this state goes blue.

US VET,
Perhaps you should have spent some of that military time learning about economics.McCain sure should have.
The Republican “plan” of record international borrowing, record deficits, record debt, and lowering taxes for the wealthy DOES NOT WORK!
McCain wants to act like a fiscal conservative, but supports every single measure that Bush took to get us in the mess we’re in. He “in good conscience” was against the Bush tax cuts, but of course, now he’s “mysteriously” changed his mind.
There is absolutely no reason to believe that McCain/Palin have any intention of doing anything but maintaining the status quo. McCain has been right there with Bush. The things he wasn’t, he’s now changed his mind. And Palin NEVER was a fiscal conservative despite all the hype.

MORE LIES FROM THE REPUBLICAN TICKET:
Palin never in Iraq, campaign now says
Obama/Biden ’08

The McCain Seven
McLobbyist.com
Obama/Biden ’08

Like the Palin pick, McCain name-drops Greenspan for his “star appeal”. I wish someone would get McCain an education.
Obama/Biden 08!

Obama, you should study Greenspan’s book too. He doesn’t say he is in favor of your economy policy.
Greenspan said we need to cut spending.
Why Obama is so excited??
Palin is the one proposed cutting spending. In the interview, she said ‘cut spending’ is one of the three keys for the economy.

I believe Greenspan caused the Tech Bubble of 2000 and the Housing Bubble that’s straining us now.
He needs to sit down.

THE PRESS IS UPSET WITH MCCAIN! WHATEVER SHALL HE DO NOW THAT THE PARTISAN HACKS IN THE MSM ARE UPSET WITH HIM!!!
——————
Nothing. McCain and Oalin will just keep repeating the same lies with no consequences. Republicans, not really a thinking bunch, will be led to believe that EVERY SINGLE JOURNALIST IN AMERICA is out to get McCain and Palin. And it will work because Republicans cast votes out of fear, ignorance, and bigotry. Or they’re part of the mega rich crowd who wants their tax cut.
“No, they’re not really lying, it’s the media. Turn on Hannity. I like him. He’s really objective.”

Anderson Cooper will you get out of the water for your phony photo-ops

Obama Tax cuts will REDUCE taxes for 85% of Americans. Those that make less than $250,000/ year
McSame wants to cut taxes for the RICHEST 15%. Screw the majority right? (That’s also how Bush got elected the first time)
The money is the same. It’s just who has to pay for it. I have no problem making the wealthiest people in America pay taxes at the same rate I have to pay them. Currently, they DO NOT!
Right now, the tax laws are stacked in favor of the rich. They DO NOT pay the same percentage of their income as working, middle class Americans.
McCain has NOT proposed anything that will change this. Obama has. And Obama is not a “socialist” like the Repubs like to use as a smear tactic. But he IS trying to make a more equitable nation.
No one is suggesting give aways. The proposal is that the rich have EXPLOITED their connections with our President to have the rules made for them. It’s time we get our government and our constitution back!

MORE McCAIN LIES:
“McCain aide Kimmie Lipscomb told reporters on Sept. 10 that an outdoor rally in Fairfax City, Virginia, drew 23,000 people, attributing the crowd estimate to a fire marshal.
Fairfax City Fire Marshal Andrew Wilson said his office did not supply that number to the campaign and could not confirm it. Wilson, in an interview, said the fire department does not monitor attendance at outdoor events.”
IS THERE ANYTHING McCAIN WON’T LIE ABOUT?

McCain lies about crowd attendance at rallies with Palin. It’s just how they roll. In lower real numbers than their racist campaign claims. So why would he be happy what NBC’s Andrea Mitchell’s husband has to say about anything. They’re not speaking to her, so why should they care about Greenspan anymore.
Did I say RACIST? Hey, even the Associated Press ap.google.com/article/ALeqM5hNafTsdlgbSZ8YMoFRDSgrVlEwGwD936205O0 has called out the racist McCain/Palin supporters today.

anyone think maybe he will cut spending?? just a thought….

You seem to gloss over the part of cutting spending.
Obama will raise spending and raise taxes.
Wait, no Obama won’t, because Obama will not be elected President.
Hillary has to figure out how to take Obama out of the political picture in the next four years so she can run for President unencumbered by the threat of Hillary vs. Obama II.

while i agree that republicans need a huuuuge reality check about who they are working for, why do you say that they have all the debt?! that is such a broad statement and is just flat false.

Obama – Government as usual only much bigger!

So why did Obama go from an insurmountable lead to a deficit in electoral votes? Easy answer – he took the low road and lashed out with personal attacks on Palin like he did with Clinton. People saw that and acted accordingly. Obama is Obama’s enemy.

mark…
ok, im not going to pick on you, bu in your opinion, why do you think obama will keep more money in the hands of you and i?

McCain’s slavish devotion to Greenspan just shows how little he understands the economy. Greenspan is largely responsible for the current mess in the mortgage markets, and should be shunned, not worshipped.
McCain’s tax plans are a mess, so Greenspan’s right on this. But a stopped clock is right twice a day.

Keith…CNN reported:
McCain campaign spokesman Tucker Bounds criticized Obama for showing “zero restraint” given the storm and said the “attacks mark a new low from Barack Obama.”

marion…
could you post that link so we dont have to go on your words? thanks.

dems…
why are we still talking about hillary?

McCain campaign spokesman Tucker Bounds criticized Obama for showing “zero restraint” given the storm and said the “attacks mark a new low from Barack Obama.”
_____________________________________
Marion please clarify. ‘zero restraint’. You said that Obama was criticized for being insensitive about the hurricane which sounded to me as if you were saying that we said he did not care about IKE.

Obama is a fraud.
Americans are seeing that and believing that.
Flip-flop, flip-flop, flip-flop.
Same old Obama, different day!

mark..
i was hoping to get an actual reply for that and not just a one liner, but i will say just a couple things seeing that it needs o be said. you have heard obamas plan for the huge increase on the capital gains tax rate right? and his increase on the already sky high corporate tax we have? (which is the reason companies leave the country) thats not to mention what he will do the “rich” (the job creators nd the ones who run those companies) on their personal taxes. get the pattern there? OBAMA HATES CORPORATE AMERICA. i hope you realize this. you can paint it any color you want, but at the end of the day, he has told us this in plain english. you think jobs are going away now?! please do the research and dont just jump on the bandwagon.

I watched the Palin interview the second time and actually did not find anything wrong with it this time. Palin is fine. And Charlie seems ok, although he seems biased that a women can run our country. For some reasons, that very first short clip, Charlie seems downright condescending then.

I was at the rally, there were NO attacks. Tucker Bounds just made that up.

We need to go back to the days where you get paid for what you produce rather than by the hour. That’s the change we neeeeeeeeeeeeeeed.

Change we need. Oblablahblah has started to sound awfully needy.

Given the political climate and his feel-good message, shouldn’t Obama be leading by 20 points?

Watching the Sarah Palin revealed on CNN, I am thinking about how Obama goes on and on about not having the ‘pedigree’ one would expect a president to have but actually he is the typical Ivy League status quo type that is president. Sarah comes from a different background. Which is a CHANGE. Not saying she is an agent of change but nonetheless her background isn’t stiff shirt IVY which I find refreshing.

The McCain campaign said Governor Palin opposed the Bridge to Nowhere, but now we know she supported it.
They said she didn’t seek earmarks, but now we know she hired a lobbyist to get millions in pork for her town and her state.
They said she visited Iraq, but today we learned that she only stopped at the border.
Americans are starting to wonder, is there anything the McCain campaign isn’t lying about?

Sorry, Ed, but your thinking is askew. Your first point is misleading. Some call it flip flopping, when that’s just a Dem accusation when Reps reevaluate their current view based on new information or situation. Your second point is misleading. “Seek earmarks” is much different than inheriting a previous Gov’s plan for x amount of dollars and then, in OPPOSITION to earmarks (unlike the Dems who’d squeeze blood from a dead man’s finger) she reduced them substantially. She didn’t “seek” them. Your third point is no less praise of Hillary’s “landing under sniper fire” during her visit to Iraq.

Emm, you’re lying just like John McCain.
Palin’s Bridge to Nowhere story is a proven falsehood.
To continue to repeat proven falsehoods is not just WRONG, IT’S STUPID.
IT MAKES YOU A CYNICAL LIAR.
JOHN McCAIN HAS PROVEN HE’S A CYNICAL LIAR.
SARAH PALIN HAS PROVEN SHE’S A CYNICAL LIAR.
THE REPUBLICAN PARTY IS THE PARTY OF CYNICAL LIARS, SAME AS ALWAYS!!!

Greenspan supports McCain. Another smart endorsment from people who know!
I like it! McCain is continuing to improve while Obama has to “change” his message. Funny thing…Hillary had to reinvent herself and her message several times before she lost too! So long Obama! Go back to Chicago and take your dirty Illinois style politics with you!

The McCain campaign said Governor Palin opposed the Bridge to Nowhere, but now we know she supported it.
______________________________________
Yawn. I really don’t care

Marion score 4 electoral votes for BO whoopie

Man what is going on with all of those Americans that believe that McCain’s plans will work. I am A Union Painter from Painters DC#30 and I want to know McCain’s stance on Unions. What about our children what about our life. I have not heard 1 single thing come out of his mouth about Organized Labor. What to take on Union Bosses? For what trying to increase wages? Benefits? We all know what his answer is. McCain is from Arizona and I have worked down their in Phoenix and the Painters only make 15.00 per hr. And what about all of the blackmail and the taking advantage of the Mexican workers. In Illinois we make 3x’s that per hr. And with today’s economy I barely make it. McCain wants to do away with Organized Labor and Wages. McCain is way out of touch. The truth will come out when he faces Obama for the first time at the Debate. Lets see what he can pull out of his hat this time. Obama is the only one who lives in Reality. And Ed who wrote that Obama should go back to Chicago with his dirty politics, Ed man you are an Idiot!! Read this blog and you tell me what you read blog after blog Obama is the man for our future. When and if McCain gets elected it will people like you who will be crying about all of this when things go straight down.. Obama 2008 the “Real” change we can believe in!!

So far looking at the CNN series everyone’s story looks sincere, people are emotional except Obama. All you ever see of Obama is this one half sister and business associates.

McCain spokesman: “We’re running a campaign to win. And we’re not too concerned about what the media filter tries to say about it.”
Basing a campaign for high office on a strategy of deliberate lies is not an issue of tactics. It calls into question the character of the candidate and his fitness for office.
McCAIN IS UNTRUSTWORTHY.

Got that, America? McCain’s campaign admits that THEY’LL SAY ANYTHING AT ALL if they think it’ll get you to vote for them.
ANYTHING AT ALL.
LIARS ARE UNTRUSTWORTHY.
McCAIN IS A LIAR.
McCAIN IS UNTRUSTWORTHY.

Well McCain said he didn’t know much about economics.
Greenspan just confirmed it for us.

gluv, the part of bush’s tax plan that i like is the one where you can keep your cap gains tax free if you stay in a home for at tleast 2 years and then sell it. that’s something the average american can do. the news likes to tell you the gloom and doom and prices are falling, but it’s not bad like that where i live. removing that tax cut will remove dollars from the economy.

Democrats use identity politics to try to corral blocks of voters to vote for them. That’s a culture war. Republicans, whethter you like their beliefs or not, are guided by a set of priciples applied to everyone. Democrats need to stop making different promises depending on who their audience is at any given time.

McCain continues to run an unethical campaign – how do you really think he’ll govern given the chance?

@ kitty,
that’s how it’s USE to be…now it seems like the parties switched roles due to the palin factor.
everything the dems or known to whine and cry about the republicans are doing. i feel like the pig & lipstick thing took the cake! palin, i truely believe is a strong woman, however it’s more shameful on how the republicans are trying to overprotect her rather than her standing on her own and fight it head on.

I’m amazed at how Greenspan continues to be idolized. His policies have led to bubble after bubble. Haven’t people been watching the disaster still unfolding from the housing bubble? Greenspan’s failing is his aversion to even minimal regulation by the government.

This has nothing to do with Obama’s tax cuts. It has to do with trickle down economics and Greenspan knows that policy does not work just like it did not work for Reagan.

Are you better off now than you were two years ago when the Democrats took over Congress? The US has not had another attack since 9/11. President Bush was able to get the economy moving again after 9/11 and Katrina. However, even President Bush could not keep the economy strong and vibrant after the Democrats took over Congress. The Democrats in power over the last two years have been able to wreck more damage to the economy than 9/11 and Katrina combined.

gluv, cnn is in the tank for Obama. They are not the people to go to for fair reporting.

Here’s how I look at it. Just because AG is a famous economists, doesnt mean he’s always right. We need to NOT allow the tax cuts to end. We also need to cut spending. In that order.

“Our economy wouldn’t survive without the Internet, and cyber-security continues to represent one our most serious national security threats,” [Obama spokesman Dan] Pfeiffer said. “It’s extraordinary that someone who wants to be our president and our commander in chief doesn’t know how to send an e-mail.”
Well, I guess it depends on what you mean by “extraordinary.” The reason he doesn’t send email is that he can’t use a keyboard because of the relentless beatings he received from the Viet Cong in service to our country. From the Boston Globe (March 4, 2000):
McCain gets emotional at the mention of military families needing food stamps or veterans lacking health care. The outrage comes from inside: McCain’s severe war injuries prevent him from combing his hair, typing on a keyboard, or tying his shoes. Friends marvel at McCain’s encyclopedic knowledge of sports. He’s an avid fan – Ted Williams is his hero – but he can’t raise his arm above his shoulder to throw a baseball.

But he is not a quad. Maybe he doesn’t want the help. But it is still an interesting fact.

To all you Repubs:
McCain’s campaign has ADMITTED that they will say and do ANYTHING AT ALL to get elected.
Don’t you understand that McCain has destroyed his own credibility, and yours too?
IF YOU STAND BY A PROVEN LIAR’S LIES, YOU ARE A LIAR TOO.
NO ONE BELIEVES YOU ANYMORE.

Kitty – you are one of Rush Prothero’s great footsoldiers out pushing the message no matter what because your war on “liberals” is more important than anything else.
The argument that the “liberals” use those voting blocks until they turn on them and the true hatred comes out is a direct reflection of the Prothero projection: twisting the conservative platform onto the “enemy”, and then pointing and screaming about the straw man argument created.
i force myself to listen to 30 minutes of Rush Prothero’s hate speech every day, just so i know what all the footsoldier’s are going to say on these comments. its been an interesting study honestly, and its too bad that Prothero had to become a hate preacher. were he more realistic and not so sold out to the neocon movement he could be a great voice in the news. The fact that everything that comes out of his mouth is neocon propaganda makes him very difficult for me to listen to, but he is entertaining.
oh, ask how the whole “Operation Chaos” thing went for me. looks to me that it is just a hollow shrill and that PUMAs were just another neocon facade… kind of like McCain/Palin’s campaign. we aren’t going to tell the truth, we’re going to do whatever we think will help us win, and right now it is to play up on any form of fear and smear that we can.
pathetic that the man i fought for in 2000 turned into this…

McCAIN AND PALIN ARE BOTH LIARS!!!
The pile of lies is getting bigger by the minute!! Let’s get Palin in front of a news conference with real questions, not this “Charlie Gibson softball BS” at Palin’s home in Alaska…
What kind of nonsense is this???
She wants to be a heartbeat away from the Presidency, the most important job in the world? OK, let’s grill her then! none of this softball stuff!!!
THIS IS IMPORTANT, COUNTRY FIRST!!!!
Come on Republicans, what are you afraid of?? Obama does it all the time and Biden too!!!
There are 7 weeks to go kids and McCain and Palin are already “flaming out!”
Ha, ha, ha, ha, ha, ha, ha, ha, ha!!!!
Vote for real leaders that don’t read from a script! Obama/Biden 2008!!!!

It is of course no surprise that Greenspan endorsed McCain. He has a history of manipulating the money supply in favor of Republicans. In 1992 with a Republican in office, he loosened the money supply (second loosest year for money in the last 50 years), he tightened it drastically in 1996 with a Democrat in office (second biggest decline in money supply in the last 50 years), and again in 2000 with a Democrat in office (largest decline in money supply in the last 60 years). After three consecutive elections he meddled in with manipulations of the money supply, in 2004 he tweaked the fed funds rate instead.
The guy is a disaster. Once is by chance, twice is coincidence. Three times indicates enemy action.

McCain who?

PS. and just who do you think employs all those people? Sometimes, it’s like talking to tree, but the tree really needs to start to think it ALL THE WAY THROUGH.

Kitty: “and just who do you think employs all those people? ”
You mean the hundreds of thousands of people who have lost their jobs this year alone?
You tell me.

JohnTX: “I doubt very much McCain could balance the budget and make tax cuts. I certainly won’t believe it until I see exactly what he plans to cut instead of this nebulous “efficiencies”.”
He can’t. His pet project: “ending earmarks” won’t do anything in reducing the deficit.
The current Federal Budget is close to 3 Trillion. Revenues this year is approx. 2.6 Trillion. Earmarked money this year totalled 18.2 Billion.
In other words: Earmarks account for 0.63% of the federal budget.
To put it another way: when you are making $2,600 a month but spend $3,000, you are $400 short. You won’t fix that with quitting to treat your family with a trip to McDonalds of $18 dollars once a month. Especially when you have to spend that money on food for that day anyway (that’s what earmarking does, it doesn’t increase spending, it just tells you *how* to spend your budget).
This tale doesn’t even account for the fact that McCain wants to lower his monthly income. McCain’s taxplan is a true disaster for the Budget Deficit and eventually the National Debt.

hi everyone…..don’t want to vote for mc lame…..he is for the wealthiest 10% of the country. even tho i admire palin, tho no experience, what experience does obama have……but being the staunch dem that i am, i will vote dem in the fall……the biggest mistake obama has made so far, is not selecting hillary as his vp. if he has a half of brain if elected prez, he should and better elect or select her as secretary of state.
since the kennedy era so long ago, there has not been a politcal dynasty like that of the clintons……go bill, go hillary….

concerned in ohio, i see your point, however, being the daughter of a late teamsters union man, truck driver, sometimes the unions, especially now a days, stick up for those who are the bad apples in the barrell. i believe in a fair days wage for a fair days work. benefits go along with it…..but what do we have to say about the union workers that constantly play the system…..fmla, points, attendance, vacation, sick pay, where does that leave the honest workers….i will tell you…..in a hell of a bind.

Polderboy, what does that mean he’s going to invest in green technology? What exactly does that mean?

Ask yourself if you would trust Sarah Palin and John McCain to manage your savings or IRA. Would you be satisfied with mounting losses because they invested in old technology without vetting what they were buying into because they could cover their ineptitude with lies without anybody calling them to account?
Its your money. Its your country. Its your future.
Sarah and John are the bridge to nowhere.

If a professional painter can paint several times faster than an untrained painter, uses less paint, has higher quality work and their work lasts longer, then surely their services are more valuable.
Or maybe you just want to hire a professional for peace of mind. I mean, if you have $20,000 worth of wood flooring and $30,000 worth of furniture, maybe you’ll spend a bit more to make sure it doesn’t get ruined. Plus if you have an older house with lead-based paint, removing it requires special care.
(I know a lot of general contractors)

Doug, it makes no difference how much we trust M/P to handle our money, it’s that we don’t want Obama/Biden and the Dems anywhere near it at all.

And how is Obama going to pay for his tax cuts, spending proposals, and new government programs? Over-taxing the wealthiest of us doesn’t begin to cover it all.

Emm
you probably can’t explain socialism because you’re passing the buck on informing us. Come to think of it, most Americans can’t explain socialism because all we ever grow up knowing was that capitalism is the best system in the world. There’s a real baseless fear about socialism in this country.

marylou…
you obviously don’t have the facts. Obama has been talking about green jobs since back in 2007. He has a plan and he wants to create new jobs. McCain wants to ship jobs overseas and continue the failed policies of GWB.
Bush has destroyed our country. McCain wants to continue the destruction.
Obama/Biden ’08

The “Straight Talk Express” has detoured into doublespeak
Obama/Biden ’08

Obamanomics just don’t add up. You can’t increase welfare like he proposes and still balance the budget.
Is this something else McCain said?
Vote Goldwater 08!

No way for McCain in the fall election.Bush has destroyed tthe country and his colleague would like to continue the destruction.
Mccain = Bush 8 years

What does Greenspan says about Obama HUGE tax cuts and HUGE loans to the auto industry, HUGE welfare programs, HUGE 1 Billion dollars stimulus package?
The Democrats HUGE pork bills? LOL!

I took a Democrat to clean up the economic mess and deficits left by twelve years of “conservative” Republicans in 1992. It’s going to take another Democrat to clean up the mess that “conservative” Bush will have left us by 2009.
Borrowing from China to pay for tax cuts makes about as much sense as charging your 6% mortgage payment to your 29% credit card. We need to stop the economic insanity.

Obama on taxes. This is a quote from a young man of 21. “Obama wants to punish the successful and reward the failures.”
———————————–
Hard to argue with those credentials.
Almost as good as Palins

Read New York Times.
read it daily:
McCains sense -
Palin

DragonFly writes, “Obama on taxes. This is a quote from a young man of 21. “Obama wants to punish the successful and reward the failures.”
=====================================
I’ve heard this “catchy” line used before by Conservatives. Granted, they failed to mention how approximately 10% of Americans earn $100K per year. Imagine what percentage earns $250K or more.
So here is this 21 year old, who is about as close to being “successful” as the Earth is to Pluto worrying about something he has YET to become.
Funny isn’t it. Instead of worrying about the jobs that will be available in the future, whether he/she will be able to buy a home, etc…He’s worried about eliminating tax cuts for small percentage of Americans. He beleives it’s okay to borrow money from other countries to FINANCE the tax cuts for the affluent.

I took a Democrat to clean up the economic mess and deficits left by twelve years of “conservative” Republicans in 1992. It’s going to take another Democrat to clean up the mess that “conservative” Bush will have left us by 2009.
___________________________________________
1. It took Clinton to clean it up
2. Obama does not have the same skill or know how as Clinton.
3. You guys will pick a democrat like Carter. I am a DEM and even I can see that.
4. This election became a joke for me when the DNC nominated Obama. Someone who has never worked with budgets and got writers to draft a policy for him

Obama’s rich Hollywood backers will not be subjected to BO’s tax increases.
They will just put their money in a Swiss bank.
The small businesses will be punished and lose jobs.
Meanwhile he promises handouts to people that don’t even pay taxes.

One element of McCain’s tax policies have hardly been discussed yet: the very significant tax increase on the broad group of people who receive health insurance through their employers.
The average cost of health insurance for a family is aroung $12,000. McCain will give you only $5.000 back in a deduction. Meaning you will be taxed on the additional $ 7.000 you’ve received from your employer and from which you have to pay your insurance.
For a family that is at the bottom of the middle class (80.000), this will amount to a $500 dollar tax increase.

Woody writes, “Obama tax increases + astronomical new federal spending = financial ruin and redistribution of wealth.”
===================================
Tell us something Woody. We see an awful lot of Conservatives talking about Obama increasing this or that. What proof do you have that this will happen?
Does wasting trillions of dollars on Iraq bother you? Of course not. You’re a “What If” Conservative. You base your beliefs on “What Ifs” versus ACTUAL fact.
What if Obama raises taxes? What if he does this that or the other? It’s actually pretty comical but sad if you ask me.
Tell us something. Do YOU know more about Economics than Greenspan? Could you sit in a room and discuss the financial condition of American with HIS peers?
This is the fundamental problem with America. Instead of sitting down and trying to UNDERSTAND fundemental economics, you would rather rattle off a series of “What Ifs” that aren’t rooted in reality.
How’s about this one? What if McCain didn’t graduate at the bottom of his class? What if McCain wasn’t part of the Keating 5? What if McCain actually could tell the difference between a Shiite and a Sunni? What if McCain didn’t say he didn’t know much about the economy?
If you’re going to function on “What Ifs”, why not base them on FACT versus fabrications?
Food for thought……

Leonard Peltier wrote: “Interesting that Democrats managed to clean up the financial mess left by the last Republican financial genius.”
Amazing how forgetful you Obama supporters are! During President Bush 41′s Administration the Democrats held huge majorities in both Houses of Congress. In 1989-1991: The House had 260 Democrats and 175 Republicans, while the Senate had 55 Democrats and 45 Republicans; In 1991-1993 the House had 267 Democrats, 167 Republicans and one Independent, while the Senate had 56 Democrats and 44 Republicans.
AND during President Clinton’s last SIX YEARS, the Republican’s held majorities in BOTH houses of Congress.
And guess what, it is not a coincidence that our economic downturn has taken place since the Democrats took control of Congress on January 1, 2007.

James Danley wants you to forget who proposes budgets and sets tax rates. While Congress approves such meausres the President more or less gets their way.
The economy historically does better under Democratic administrations vs Republican administrations.
When Greenspan is calling your tax cuts wrong and Karl Rove is calling your ads sleazy, you know you have lost your way as a campaign

Ryan C is absolutely wrong when he says the president sets tax rates.
The U. S. Constitution gives CONGRESS the sole authority to make laws:
Article I, Sec. 8 — “The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States…”
“To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers…”
The president may make proposals but it is the Congress who actually writes the bills and passes the bills. The president can only sign the bill or veto the bill (to which Congress can override with a 2/3 vote).

McCain wants to give a 4.4% tax cut to those who make over $2.8 million.
How can we keep giving tax cuts to the wealthy and expect a different result?
McCain’s tax policies are the same as George Bush’s. There’s no difference.
Obama wants to increase taxes for this bracket by 11.5%, bringing their tax rate back to what it was under Clinton.

Obama’s proposed Tax Cut is Pro-People (Low and middle class income Earners) while McCain Tax Cut is Pro-Corporation.
If Obama’s Tax Cut is allowed to see the light of day, a Tax Payer earning below $250,000 per annum will save an averagen of $1000 per annum.
The Country is heavily indebted and with the War in Iraq and Afghnaistan, the Country would continue to experience dwindling economic fortunes.
Except below was posted on Political Punch on August 7, 2008 and it shows that contrary to what pundits’ claim, the incidence of Obama’s proposed Surtax can not be shifted by the Corporation to the Consumers.
The incidence of Surtax on Oil Companies’ profit can not be passed to you and I. But the proceeds would be used for good of all.
A Company’s Revenue less the Operating Expenses results in Operating Profit before Tax. The Revenue in this case is the sales revenue which must have included the price you pay at pump.
Companies Tax, which is a direct tax, is levied on the PBT. The resultant figure is the Profit After Tax (PAT).
It is the PAT that the Company appropriates between itself in the form of Reserve and its Shareholders in the form of Dividend.
If a Surtax is applied on the PBT, it reduces Profit available for appropriation and hence, Dividend payout to Shareholders.
The Company bears the incidence of the Taxation and it will subsequently have less to appropriate to Reserve and Dividend.
You and I are not affected.
The reason why the Bush Administration shied away from it to finance the Iraq War and Reconstruction is because the Core members of his Government and his Donor are mostly Oil Men.
It is an open secret that the Bush’s Family is big Players in the Oil Industry. So levying Surtax on Oil Companies will greatly affect the returns they get at the end of the year.
That is why they are against it and that is why they are selling the dummy of Off-shore drilling to confuse hapless Americans who are now sold on the idea without considering the attendant Problem it will create for the environment, especially acquatic lifes.
President Lyndon Johnson was able to finance the Vietnam War using Surtax. That was why the Economy stayed bouyant despite the heavy War Spending.
The summary of my post is that SURTAX IS NOT AN INDIRECT TAX, SO IT CAN NOT BE SHIFTED TO THE CONSUMERS.

You can ask a Republican like Greenspan to endorse McCain, but you cannot ask an economist like Greenspan to endorse McCain’s economic policies. Even Republicans have their limits.
Obama/Biden 08