Obama will NOT tax the rich (1 Viewer)

[Ayn Rand Fan]

WASHINGTON – An economic crisis, rising joblessness and a credit squeeze can make a president-elect refine his words. Today's word is "repeal." During his presidential campaign, Barack Obama promised to repeal President George W. Bush's tax cuts for the wealthy ahead of their scheduled expiration in 2011.

It was part of how Obama would pay for an overall net tax cut aimed at low- and middle-income taxpayers, and an effort to bring what he called "fairness" to the tax system.

No one is talking tax hikes now.

Over the weekend, Obama said he has charged his new economic team with devising a plan that would create or preserve 2.5 million jobs over two years. He said the plan would include broad spending plans as well as the middle- and low-income tax cuts he described during the campaign.

Aides later said the plan would not include any of the tax increases Obama, as a candidate, had said he would impose on taxpayers who make more than $250,000.

This is wonderful news.

 

[timschochet]

Wow. My #1 objection to Obama's presidency has suddenly been removed. So far, I have been very pleased with his appointments; I have absolutely no complaints. He is facing an emergency, and dealing with it as best he can. Good for Obama.

In one sense, the comparison between FDR and Obama is a positive one for Obama. According to William Manchester's The Glory And The Dream. (HIGHLY RECOMMENDED if you can find a copy; it's out of print) one of the great criticisms of Roosevelt is that, once elected, as the economic crisis increased, he refused to do anything or say anything until he took office. FDR and Herbert Hoover did not like each other, and the two did not cooperate to stem the crisis, and banks started to collapse. The day that FDR gave the oath and made his "Fear Itself" speech, most of the banks in this country were shut down and the economy had come to a total halt.

Obama appears to have studied the above situation, and he is NOT silent. His actions are having a positive effect already. I have a feeling Barack Obama is going to be a GREAT president. Very happily surprised.

 

[Ray Stevens]

Wow.

Did you really just start a thread with your alias, then log back in as yourself to say "wow"?

 

[Mookie Blaylock]

WASHINGTON – An economic crisis, rising joblessness and a credit squeeze can make a president-elect refine his words. Today's word is "repeal." During his presidential campaign, Barack Obama promised to repeal President George W. Bush's tax cuts for the wealthy ahead of their scheduled expiration in 2011.

It was part of how Obama would pay for an overall net tax cut aimed at low- and middle-income taxpayers, and an effort to bring what he called "fairness" to the tax system.

No one is talking tax hikes now.

Over the weekend, Obama said he has charged his new economic team with devising a plan that would create or preserve 2.5 million jobs over two years. He said the plan would include broad spending plans as well as the middle- and low-income tax cuts he described during the campaign.

Aides later said the plan would not include any of the tax increases Obama, as a candidate, had said he would impose on taxpayers who make more than $250,000.

This is wonderful news.

Link?

 

[timschochet]

Wow.

Did you really just start a thread with your alias, then log back in as yourself to say "wow"?

Timschochet is pledged not to start any more threads until January.But forget my nonsense, Ray. What do you think of the news?

 

[timschochet]

WASHINGTON – An economic crisis, rising joblessness and a credit squeeze can make a president-elect refine his words. Today's word is "repeal." During his presidential campaign, Barack Obama promised to repeal President George W. Bush's tax cuts for the wealthy ahead of their scheduled expiration in 2011.

It was part of how Obama would pay for an overall net tax cut aimed at low- and middle-income taxpayers, and an effort to bring what he called "fairness" to the tax system.

No one is talking tax hikes now.

Over the weekend, Obama said he has charged his new economic team with devising a plan that would create or preserve 2.5 million jobs over two years. He said the plan would include broad spending plans as well as the middle- and low-income tax cuts he described during the campaign.

Aides later said the plan would not include any of the tax increases Obama, as a candidate, had said he would impose on taxpayers who make more than $250,000.

This is wonderful news.

Link?

It's from Yahoo.

 

[Mookie Blaylock]

WASHINGTON – An economic crisis, rising joblessness and a credit squeeze can make a president-elect refine his words. Today's word is "repeal." During his presidential campaign, Barack Obama promised to repeal President George W. Bush's tax cuts for the wealthy ahead of their scheduled expiration in 2011.

It was part of how Obama would pay for an overall net tax cut aimed at low- and middle-income taxpayers, and an effort to bring what he called "fairness" to the tax system.

No one is talking tax hikes now.

Over the weekend, Obama said he has charged his new economic team with devising a plan that would create or preserve 2.5 million jobs over two years. He said the plan would include broad spending plans as well as the middle- and low-income tax cuts he described during the campaign.

Aides later said the plan would not include any of the tax increases Obama, as a candidate, had said he would impose on taxpayers who make more than $250,000.

This is wonderful news.

Link?

It's from Yahoo.

So why don't you link it?

 

[timschochet]

WASHINGTON – An economic crisis, rising joblessness and a credit squeeze can make a president-elect refine his words. Today's word is "repeal." During his presidential campaign, Barack Obama promised to repeal President George W. Bush's tax cuts for the wealthy ahead of their scheduled expiration in 2011.

It was part of how Obama would pay for an overall net tax cut aimed at low- and middle-income taxpayers, and an effort to bring what he called "fairness" to the tax system.

No one is talking tax hikes now.

Over the weekend, Obama said he has charged his new economic team with devising a plan that would create or preserve 2.5 million jobs over two years. He said the plan would include broad spending plans as well as the middle- and low-income tax cuts he described during the campaign.

Aides later said the plan would not include any of the tax increases Obama, as a candidate, had said he would impose on taxpayers who make more than $250,000.

This is wonderful news.

Link?

It's from Yahoo.

So why don't you link it?

I'm guessing Ayn is lame at linking things. Never mind that. What do you think of the news?

 

[Leroy Hoard]

Wow.

Did you really just start a thread with your alias, then log back in as yourself to say "wow"?

 

[dgreen]

What do you think of the news?

A politician isn't going to do what they said they'd do. That's news to you?

 

[IvanKaramazov]

Wow.

Did you really just start a thread with your alias, then log back in as yourself to say "wow"?

Quality schtick.

 

[timschochet]

What do you think of the news?

A politician isn't going to do what they said they'd do. That's news to you?

In this case, yes! The one promise almost every politician always keeps is when they say they're going to raise taxes. This is a pleasant surprise. I heard Sean Hannity actually trying to discredit Obama for this last night. "Don't get me wrong, I approve," he said, "But it shows how this man is always willing to go back on his word."

Man I hate Hannity.

 

[Mookie Blaylock]

WASHINGTON – An economic crisis, rising joblessness and a credit squeeze can make a president-elect refine his words. Today's word is "repeal." During his presidential campaign, Barack Obama promised to repeal President George W. Bush's tax cuts for the wealthy ahead of their scheduled expiration in 2011.

It was part of how Obama would pay for an overall net tax cut aimed at low- and middle-income taxpayers, and an effort to bring what he called "fairness" to the tax system.

No one is talking tax hikes now.

Over the weekend, Obama said he has charged his new economic team with devising a plan that would create or preserve 2.5 million jobs over two years. He said the plan would include broad spending plans as well as the middle- and low-income tax cuts he described during the campaign.

Aides later said the plan would not include any of the tax increases Obama, as a candidate, had said he would impose on taxpayers who make more than $250,000.

This is wonderful news.

Link?

It's from Yahoo.

So why don't you link it?

I'm guessing Ayn is lame at linking things. Never mind that. What do you think of the news?

I think the article is ambiguous and your thread title is ridiculously misleading.ETA: And your Ayn Rand character apparently enjoys posting other's material as her own, right Yaron?

 

[Bonzai]

Wow.

Did you really just start a thread with your alias, then log back in as yourself to say "wow"?

Quality schtick.

Actually, that's Dufresne.

 

[timschochet]

WASHINGTON – An economic crisis, rising joblessness and a credit squeeze can make a president-elect refine his words. Today's word is "repeal." During his presidential campaign, Barack Obama promised to repeal President George W. Bush's tax cuts for the wealthy ahead of their scheduled expiration in 2011.

It was part of how Obama would pay for an overall net tax cut aimed at low- and middle-income taxpayers, and an effort to bring what he called "fairness" to the tax system.

No one is talking tax hikes now.

Over the weekend, Obama said he has charged his new economic team with devising a plan that would create or preserve 2.5 million jobs over two years. He said the plan would include broad spending plans as well as the middle- and low-income tax cuts he described during the campaign.

Aides later said the plan would not include any of the tax increases Obama, as a candidate, had said he would impose on taxpayers who make more than $250,000.

This is wonderful news.

Link?

It's from Yahoo.

So why don't you link it?

I'm guessing Ayn is lame at linking things. Never mind that. What do you think of the news?

I think the article is ambiguous and your thread title is ridiculously misleading.

Why? His aides in the article say he's not going to do it. I heard on the news last night he's not going to do it. I heard it again on the radio this morning the same thing.

 

[timschochet]

I'm amazed there's not more people coming in here to praise Obama, as I am doing, and taking back what we wrote about him before. During the campaign, when there were threads about Obama raising taxes, they would go on for pages and pages. Words like "socialism" were thrown around.

I admit I was wrong about Obama. Where are all the other critics who were shouting how left wing he is?

 

[Ray Stevens]

Wow.

Did you really just start a thread with your alias, then log back in as yourself to say "wow"?

Timschochet is pledged not to start any more threads until January.But forget my nonsense, Ray. What do you think of the news?

Your nonsense is way more interesting to me. 1) You pledge not to start any more threads;2) But you are so desperate to start threads you create an alias for the purpose, apparently, of circumventing your pledge;3) You freely acknowledge that you are breaking your pledge in this way, yet continue to go through the motions;4) You log back in as yourself to comment on the threads started by your alias, exclaiming "wow."No tax policy thread can possibly top this level of insanity.

 

[Follows Closely]

I'm amazed there's not more people coming in here to praise Obama, as I am doing, and taking back what we wrote about him before. During the campaign, when there were threads about Obama raising taxes, they would go on for pages and pages. Words like "socialism" were thrown around. I admit I was wrong about Obama. Where are all the other critics who were shouting how left wing he is?

I will wait till he gets in office and does something before my mind is changed......but you can praise and worship him all you want.

 

[Statorama]

During the latter rounds of his campaign, Obama was careful to frame his rhetoric as "No one that makes under 250K will see a tax increase".

So technically he's still keeping his word.

 

[Mookie Blaylock]

I'm amazed there's not more people coming in here to praise Obama, as I am doing, and taking back what we wrote about him before. During the campaign, when there were threads about Obama raising taxes, they would go on for pages and pages. Words like "socialism" were thrown around. I admit I was wrong about Obama. Where are all the other critics who were shouting how left wing he is?

He still hasn't said that he will not tax the wealthy. He was asked directly in the Yahoo article when the tax hikes were coming and his response was:"Whether that's done through repeal, or whether that's done because the Bush tax cuts are not renewed, is something that my economic team will be providing me a recommendation on."That's not saying he won't do it, it's saying that he's not going to talk about it right now and that he's either going to raise the taxes via repeal or expiration. I don't see a whole lot of news here. He hasn't changed a thing.

 

[meanjoegreen]

I'm amazed there's not more people coming in here to praise Obama, as I am doing, and taking back what we wrote about him before. During the campaign, when there were threads about Obama raising taxes, they would go on for pages and pages. Words like "socialism" were thrown around. I admit I was wrong about Obama. Where are all the other critics who were shouting how left wing he is?

Maybe some people would like to see what he does once he is actually the sitting President. He hasn't even started his job yet.

 

[videoguy505]

He's not going to add new taxes, however, he's still going to let the Bush tax cuts expire in 2010.

What this means for his plans, I would like to hear--taxing the rich was going to pay for 95% of his promises.

 

[phthalatemagic]

Wow.

Did you really just start a thread with your alias, then log back in as yourself to say "wow"?

Timschochet is pledged not to start any more threads until January.But forget my nonsense, Ray. What do you think of the news?

Your nonsense is way more interesting to me. 1) You pledge not to start any more threads;2) But you are so desperate to start threads you create an alias for the purpose, apparently, of circumventing your pledge;3) You freely acknowledge that you are breaking your pledge in this way, yet continue to go through the motions;4) You log back in as yourself to comment on the threads started by your alias, exclaiming "wow."No tax policy thread can possibly top this level of insanity.

Yeah, it's ######ed. Is it any different than the Clifton/Finless/etc garbage? No.

 

[FlapJacks]

Props to BO for this move.

I wonder what the Kos crowd thinks?

 

[3C's]

This is some funny ####

 

[TheAristocrat]

TimsChochet> Hi. This is all pure speculation at this point. Let's keep our pants on until he takes office, mmmmkay?

 

[Mookie Blaylock]

Props to BO for this move.I wonder what the Kos crowd thinks?

What move exactly? He hasn't done a damn thing.

 

[TheAristocrat]

Wow.

Did you really just start a thread with your alias, then log back in as yourself to say "wow"?

Timschochet is pledged not to start any more threads until January.But forget my nonsense, Ray. What do you think of the news?

Your nonsense is way more interesting to me. 1) You pledge not to start any more threads;2) But you are so desperate to start threads you create an alias for the purpose, apparently, of circumventing your pledge;3) You freely acknowledge that you are breaking your pledge in this way, yet continue to go through the motions;4) You log back in as yourself to comment on the threads started by your alias, exclaiming "wow."No tax policy thread can possibly top this level of insanity.

 

[Statorama]

It's going to be a fun 4 years, isn't it?

 

[Ray Stevens]

Yeah, it's ######ed. Is it any different than the Clifton/Finless/etc garbage? No.

I think it's different. Clifton/Finless/etc. do it for shtick. Timschochet's motive is that he is incapable of not posting threads about tax policy but feels honor bound to pretend to adhere to a pledge that he's actually not adhering to.

 

[TheAristocrat]

It's going to be a fun 4 years, isn't it?

Of Timschochet postings?

 

[phthalatemagic]

Yeah, it's ######ed. Is it any different than the Clifton/Finless/etc garbage? No.

I think it's different. Clifton/Finless/etc. do it for shtick. Timschochet's motive is that he is incapable of not posting threads about tax policy but feels honor bound to pretend to adhere to a pledge that he's actually not adhering to.

How do you know timschochet isn't shtick? I think it is. In fact, I'm certain of it.

 

[Mookie Blaylock]

Yeah, it's ######ed. Is it any different than the Clifton/Finless/etc garbage? No.

I think it's different. Clifton/Finless/etc. do it for shtick. Timschochet's motive is that he is incapable of not posting threads about tax policy but feels honor bound to pretend to adhere to a pledge that he's actually not adhering to.

How do you know timschochet isn't shtick? I think it is. In fact, I'm certain of it.

It's shtick if he thinks this yahoo article says anything new.

 

[Ray Stevens]

Yeah, it's ######ed. Is it any different than the Clifton/Finless/etc garbage? No.

I think it's different. Clifton/Finless/etc. do it for shtick. Timschochet's motive is that he is incapable of not posting threads about tax policy but feels honor bound to pretend to adhere to a pledge that he's actually not adhering to.

How do you know timschochet isn't shtick? I think it is. In fact, I'm certain of it.

I don't see it. Nobody is committed enough to pull that off.

 

[Moobers]

Yeah, it's ######ed. Is it any different than the Clifton/Finless/etc garbage? No.

I think it's different. Clifton/Finless/etc. do it for shtick. Timschochet's motive is that he is incapable of not posting threads about tax policy but feels honor bound to pretend to adhere to a pledge that he's actually not adhering to.

How do you know timschochet isn't shtick? I think it is. In fact, I'm certain of it.

I don't see it. Nobody is committed enough to pull that off.

 

[Gigantomachia]

The more things change, the more that stay the same.

 

[phthalatemagic]

Yeah, it's ######ed. Is it any different than the Clifton/Finless/etc garbage? No.

I think it's different. Clifton/Finless/etc. do it for shtick. Timschochet's motive is that he is incapable of not posting threads about tax policy but feels honor bound to pretend to adhere to a pledge that he's actually not adhering to.

How do you know timschochet isn't shtick? I think it is. In fact, I'm certain of it.

I don't see it. Nobody is committed enough to pull that off.

I could name some. Mr Ham for example is great at story fabrication and personalities

 

[Black Label Society]

I didn't bother to read anybody else's post, but let me see if I get this right.

Obama is now declaring that if he taxes rich people, it will harm the economy? What about being Patriotic??

So...basically he lied for the last 24 months and is no different than any other politician, except he's better at convincing people he's different.

Gotcha.

 

[TheFanatic]

Wow.

Did you really just start a thread with your alias, then log back in as yourself to say "wow"?

Timschochet is pledged not to start any more threads until January.But forget my nonsense, Ray. What do you think of the news?

Your nonsense is way more interesting to me. 1) You pledge not to start any more threads;2) But you are so desperate to start threads you create an alias for the purpose, apparently, of circumventing your pledge;3) You freely acknowledge that you are breaking your pledge in this way, yet continue to go through the motions;4) You log back in as yourself to comment on the threads started by your alias, exclaiming "wow."No tax policy thread can possibly top this level of insanity.

Well I guess that would be the last 4 nails in the Tim Credibility Coffin. Can we get an official board name change to trollschochet? All in favor say aye!!

 

[Sand]

Wow. My #1 objection to Obama's presidency has suddenly been removed. So far, I have been very pleased with his appointments; I have absolutely no complaints. He is facing an emergency, and dealing with it as best he can. Good for Obama.

In one sense, the comparison between FDR and Obama is a positive one for Obama. According to William Manchester's The Glory And The Dream. (HIGHLY RECOMMENDED if you can find a copy; it's out of print) one of the great criticisms of Roosevelt is that, once elected, as the economic crisis increased, he refused to do anything or say anything until he took office. FDR and Herbert Hoover did not like each other, and the two did not cooperate to stem the crisis, and banks started to collapse. The day that FDR gave the oath and made his "Fear Itself" speech, most of the banks in this country were shut down and the economy had come to a total halt.

Obama appears to have studied the above situation, and he is NOT silent. His actions are having a positive effect already. I have a feeling Barack Obama is going to be a GREAT president. Very happily surprised.

Napolitano is an abomination as Homeland Security Chief, but other than that Obama's choices aren't awful.Just too bad he can't choose another Speaker of the House and Senate Majority leader.

 

[Ron_Mexico]

I didn't bother to read anybody else's post, but let me see if I get this right.Obama is now declaring that if he taxes rich people, it will harm the economy? What about being Patriotic??So...basically he lied for the last 24 months and is no different than any other politician, except he's better at convincing people he's different.Gotcha.

Living proof that people are so hating on Obama,they will hate whether he does the right thing or the wrong thing in their eyes.I've excommunicated these right wing extremists from my life..

 

[videoguy505]

He's not going to add new taxes, however, he's still going to let the Bush tax cuts expire in 2010.What this means for his plans, I would like to hear--taxing the rich was going to pay for 95% of his promises.

OK, when we're done arguing about Tim, can someone please figure out how Obama is going to pay for everything if one of his major sources of funding isn't in the works anymore?

 

[Aaron Rudnicki]

Wow.

Did you really just start a thread with your alias, then log back in as yourself to say "wow"?

Timschochet is pledged not to start any more threads until January.But forget my nonsense, Ray. What do you think of the news?

Your nonsense is way more interesting to me. 1) You pledge not to start any more threads;2) But you are so desperate to start threads you create an alias for the purpose, apparently, of circumventing your pledge;3) You freely acknowledge that you are breaking your pledge in this way, yet continue to go through the motions;4) You log back in as yourself to comment on the threads started by your alias, exclaiming "wow."No tax policy thread can possibly top this level of insanity.

 

[bigbottom]

He's not going to add new taxes, however, he's still going to let the Bush tax cuts expire in 2010.What this means for his plans, I would like to hear--taxing the rich was going to pay for 95% of his promises.

OK, when we're done arguing about Tim, can someone please figure out how Obama is going to pay for everything if one of his major sources of funding isn't in the works anymore?

Agreed. This is a concern. I saw an interview with Krugman last night and he stated that it was obvious that we were going to have to do some serious debt spending in order to get out of this crisis. In response to how the Obama administration was going to pay for the stimulus package, Krugman said simply, we're going to have to borrow the money. Obama has stated that he was going to go through the budget "line by line" to find places where spending could be curtailed. Finding several billion in cuts will be quite a feat. In any event, Obama's position on taxes may have changed, but only with regard to timing. I would be shocked if he proposed extending the Bush tax cuts beyond their proposed expiration date for those making over $250k.

 

[Marvelous]

What do you think of the news?

A politician isn't going to do what they said they'd do. That's news to you?

In this case, yes! The one promise almost every politician always keeps is when they say they're going to raise taxes. This is a pleasant surprise. I heard Sean Hannity actually trying to discredit Obama for this last night. "Don't get me wrong, I approve," he said, "But it shows how this man is always willing to go back on his word."

Man I hate Hannity.

It is probably unprecednted that a candidate runs on raise some taxes, wins, and then does not raise them. I have been a proponent of raising taxes, but right now is the absolute worst time to do it.

 

[Marvelous]

He's not going to add new taxes, however, he's still going to let the Bush tax cuts expire in 2010.What this means for his plans, I would like to hear--taxing the rich was going to pay for 95% of his promises.

Some thoughts:1. I heard Obama would probably still let the Bush tax cuts expire for people making more than $250k. If Obama goes that route, not sure if that shoudl count as a tax increase by Obama. After all, he would have done anything. Maybe is counts as a Bush tax increase, since it is part of the legislation that he pushed through congress.2. I believe in Obama's tax plan, the tax increase primariy paid for the tax cuts for the Middle and Lower class. But the overall package was slightly revenue negative. It was never designed to pay for all the other goodies he promised.3. My one big concern is that with all the bailouts, stimulus packages, and now backing off the tax increases, everyone, including Obama, is proposign things with no means of paying for them. That means the budget deficit will skyrocket, which will hurt the economy in the long run. I know Obama it using the current environment to get his initiatives started, which is smart. But if he does not make progress on getting the deficit down, our economy will be in tatters in 4 or 8 years.

 

[BoneYardDog]

He is going to govern more center than McCain was...

This is great news...

Appoint a ####pot of Clintons and then don't raise taxes...

The lefties sure have quieted down in here and are going nuts out on their blogs...

 

[TheFanatic]

OK, so I actually read the article. It is all about another bailout plan that the Dems in Congress and Obama are working on to implement very soon after Obama is inaugurated in order to send a jolt through the economy. They want Bush and the Repubs to do something now but they are balking so this is plan B.

This is a quick hit, shot in the arm package. This is not the augmentation to the tax code he has promised throughout his campaign. He was simply asked if tax increases for the rich would be in this bill and he said it would not. That does not preclude it from being in any other legislation.

Trollschochet needs a hobby other than cherry picking lines from articles (and conveniently not linking the original)...This guy is a joke....

 

[Balance]

He is going to govern more center than McCain was...This is great news...Appoint a ####pot of Clintons and then don't raise taxes...The lefties sure have quieted down in here and are going nuts out on their blogs...

What...

 

[Black Label Society]

I didn't bother to read anybody else's post, but let me see if I get this right.Obama is now declaring that if he taxes rich people, it will harm the economy? What about being Patriotic??So...basically he lied for the last 24 months and is no different than any other politician, except he's better at convincing people he's different.Gotcha.

Living proof that people are so hating on Obama,they will hate whether he does the right thing or the wrong thing in their eyes.I've excommunicated these right wing extremists from my life..

I'm an extremist because the guy who got elected President has run on a platform of taxing people who make more than 250k annually, and then immediately changes his position post-election?It's pretty much been discussed ad naseum around here for the last year.I can see you'll buy into the bullsh!+ for a long, long time. Go ahead...close your eyes, cover your mouth and suppress your ears.