response to obama's 2-minute economy ad...

[master_of_muppets]

My response to the latest 2-minute Obama ad regarding the latest Wall Street chaos:

Script of ad from Mr. Obama:

“Here’s what I believe we need to do. Reform our tax system to give a $1,000 tax break to the middle class instead of showering more on oil companies and corporations that outsource our jobs.”

That’s it?! $1k is hardly reform. For most families, $1k is less than 1 month of groceries, or 1 month of car payments for two vehicles. Real reform would be the Fair Tax. This is not reform - it’s insulting.



“End the “anything goes” culture on Wall Street with real regulation that protects your investments and pensions.”

More regulation = higher consumer costs. It’s an elementary formula of how valuable one’s time is. The more time companies (like mine) spend on adhering to govt. oversight, the more expensive it is to pay the employees’ time for doing this new work. If you want to protect my investments, give me my Social Security monies so I can put it in a Roth IRA!


“Fast track a plan for energy ‘made-in-America’ that will free us from our dependence on mid-east oil in 10 years and put millions of Americans to work.”

I’m 100% in favor of this… but using private enterprise to do it. The best thing the govt. can do is open up ANWAR and off-shore drilling so that the speculators (the REAL cause behind rising oil…read a headline) will see more potential oil into the world market while we fast track new energy sources. My solution is for NOW. Your solution is speculative and lacking many, many details.



“Crack down on lobbyists – once and for all -- so their back-room deal-making no longer drowns out the voices of the middle class and undermines our common interests as Americans.”

An interesting idea coming from a man whom touted NOT accepting public (read: Lobbyist) money for his campaign, then changed your mind once it became apparent you would get the Dem nod. Your actions betray your words.



"And yes, bring a responsible end to this war in Iraq so we stop spending billions each month rebuilding their country when we should be rebuilding ours."

Totally in favor of this, too. We agree on one thing


Thoughts?

[Franny]

“End the “anything goes” culture on Wall Street with real regulation that protects your investments and pensions.”

More regulation = higher consumer costs. It’s an elementary formula of how valuable one’s time is. The more time companies (like mine) spend on adhering to govt. oversight, the more expensive it is to pay the employees’ time for doing this new work. If you want to protect my investments, give me my Social Security monies so I can put it in a Roth IRA!

Dude, you'll be paying either way. Some people are saying the current bailouts will cost tax payers a TRILLION dollars when all is said and done. I think we're at 400 Billion so far. If you don't regulate effectively, the greedy will eventually get their grubby hands on anything they can and it will backfire. Then they will be going to the government/taxpayers with their hands open for more cash. The government has no other option but to help these companies. Either way, it's socialism!

[master_of_muppets]

Originally Posted by Franny

Dude, you'll be paying either way. Some people are saying the current bailouts will cost tax payers a TRILLION dollars when all is said and done. I think we're at 400 Billion so far. If you don't regulate effectively, the greedy will eventually get their grubby hands on anything they can and it will backfire. Then they will be going to the government/taxpayers with their hands open for more cash. The government has no other option but to help these companies. Either way, it's socialism!

i agree that what's happening here amounts to socialism, or a mutated form of it, a la china's "capitalism."

but that has nothing to do with what i wrote in response to obama.

my point is centered around the fact that as a business owner i live by one principle: cash flow is king.

i can begrudgingly take incremental increases in taxes as my business grows - to an extent - but what i can't deal with (or won't) is something like a sudden cash flow burden like obama's healthcare plan. go read it. there is language in that plan that is very scary for business owners because we know that when you feed the obese govt. a little, they demand a lot more.