Thursday, March 27, 2008

Obama: Massive tax hikes but not a liberal

Barack Obama gave another economic address today and then submitted to a rare interview to a non-fawning reporter. His answers on taxes should frighten America even more than the rantings of his racist pastor.

As we've pointed out before, Obama is a George McGovern liberal, not a JFK Democrat. He believes that we should permanently stifle the economy by dramatically increasing taxes on many Americans and thus limiting the growth potential of our economy.

BARTIROMO: ...let's hypothetically say that...

Sen. OBAMA: Right.

BARTIROMO: ...cap gains tax goes from 15 percent to 25 percent.

Sen. OBAMA: Right.

BARTIROMO: You're impacting a lot of people.

Sen. OBAMA: Right.

BARTIROMO: A hundred million Americans own stocks today.

Sen. OBAMA: Absolutely.

BARTIROMO: So it's not just the rich.

And then Barack, who had the most dogmatic liberal voting record in the U.S. Senate, proclaimed his tired redistribution ideology is not based on ideology or dogma.

BARTIROMO: Why raise taxes at all in an economic slowdown? Isn't that going to put a further strain on people?

Sen. OBAMA: Well, look, there's no doubt that anything I do is going to be premised on what the economic situation is when I take office. I'm going to be sworn in in January, we don't know what the economy's going to look like at that point. And, you know, the thing you can--you can be assured of is that I'm not going to making these decisions based on ideology. I'm not a dogmatist. I know that some, you know, my opponents to the right would like to paint me as this wooly-eyed, you know, liberal or wild-eyed...

BARTIROMO: You're not a liberal?

Sen. OBAMA: The--but my attitude is that I believe in the market, I believe in entrepreneurship, I believe in opportunity, I believe in capitalism and I want to do what works. But what I want to make sure of is it works for all America and not just a small sliver of America. And if it turns out--if somebody can make a persuasive argument to me that, you know what, what we need at this juncture, at this particular point in time is a different set of policies than some of the ones that I've proposed, I'm always going to listen to people. Because I think one of the problems, in fact, with the Bush administration has been its rigidness when it comes to economic policy. I mean, you ask them any question, they'll say tax cuts. It doesn't matter what the problem is, if it's, you know, our trade deficit: tax cuts. If it's, you know, slowdown in manufacturing: tax cuts. You know, at a certain point, you know, if you've only got one arrow in the quiver, then you're going to have problems.

Read the whole interview and be scared. Very scared.

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