“He is going to spread the wealth, that was the purpose of the sub prime loans. It sounds good on paper, but you may have noticed that the folks that it was supposed to help have defaulted on their loans and are out in the cold, and your saving accounts have lost much of their value. Not only did the hare brain idea hurt the people that it was supposed to help it also devastated the economy.
“Many think electric cars will be a great step forward in the fight against global warming. President-elect Obama has promised to bankrupt any power company that dares to build a coal-fired power plant. I heard that you have to plug those things in. Do you suppose that his job creation plan will include hand-cranked generators to provide electricity to charge the electric cars?
“Under the Obama plan for this country we will be going to Mexico to find work. Raise the capital gains tax, corporate tax and tax on the evil rich will kill the goose that lays the golden egg. I have heard about the tax cut for the middle class before, but it hasn’t happened. President Clinton said he had never worked as hard in his life, but it was impossible to give the middle class a tax cut. In my opinion the most work he ever engaged in was operating his zipper. In case you have forgotten you are rich if you get out of bed every morning and go to work.”
I hope you realize how painful it is for me to tell you, “I told you so.”
Do you remember Charlie Gibson asking candidate Obama, “Would you lower the capital gains tax, even if the result was more income for the government?” The answer was no, because fairness is his objective. The man is destroying the economy with his brand of fairness. You might want to check with the folks who have lived under the fairness imposed by big government. The object of the game is that all will be equally poor.