The Barak Obama Agenda – Part I

As we transition into the Obama Era (or Obamanation as I like to put it), I thought it might be useful to go issue by issue of what ideas our new President has for our great country. I’m convinced that most of the voters who actually voted for Senator Obama have no idea of his radical agenda for America. I can only hope that he governs from the center, but we have to take him at his word.

Since there are so many issues to cover, I’m going to pick out the ones that I have a problem with, so this is going to take some time. I’ll cover a few issues at a time and stretch this out as long as possible.

Issue #1 – Windfall Profits Tax

Enact a Windfall Profits Tax to Provide a $1,000 Emergency Energy Rebate to American Families:Barack Obama and Joe Biden will enact a windfall profits tax on excessive oil company profits to give American families an immediate $1,000 emergency energy rebate to help families pay rising bills. This relief would be a down payment on the Obama-Biden long-term plan to provide middle-class families with at least $1,000 per year in permanent tax relief.

Problem

It is an easy target to blame the oil companies for all our ills. Those of us who know the truth know that oil is an international commodity and thus the price is dictated by the market. There are several things that go into this, but the oil companies really don’t have that kind of power. Supply and demand is the king in this industry. The oil companies make very little on each gallon of gas. When compared to the Federal and State Taxes that are collected on each gallon of gas, maybe we should create a Windfall Profits tax on the Federal and State Governments! Fat chance. This is a prime example of class warfare on corporations.

____________________________________________

Issue #2 – $50 Billion Give Away Program

Provide $50 billion to Jumpstart the Economy and Prevent 1 Million Americans from Losing Their Jobs: This relief would include a $25 billion State Growth Fund to prevent state and local cuts in health, education, housing, and heating assistance or counterproductive increases in property taxes, tolls or fees. The Obama-Biden relief plan will also include $25 billion in a Jobs and Growth Fund to prevent cutbacks in road and bridge maintenance and fund school re­pair – all to save more than 1 million jobs in danger of being cut.

Problem

It was a problem when President Bush and both branches of Congress voted on the $700B bailout bill. All that is happening is that we are printing money to put into the system. This devalues our currency and causes a whole host of problems – not to mention higher inflation. What we need is someone who will stand up and say, “How about taking some personal responsibility for your own situation”. Sounds a lot like the New Deal to me. Maybe President Obama will start a new war to fire up the tank and ship builders like FDR.

Of course, this is just my opinion

Rob’s Rant

Source: http://www.barackobama.com/issues/economy/index.php

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: