weissblog

Okay, I’m not going to spend the time needed to look up references on these items because I really don’t think anyone will disagree with me on this. If I’m wrong and I get some comments wanting it, I’ll do the research then. But for now, I will speak in sweeping generalities. Deal with it.

As I said in my previous post, there are quite a few reasons why I’m not voting for Obama. But the economy has to be the one topic that more Obama supporters like to question me about more than anything. So, here’s how I see it.

From what I understand, Obama wants to raise the taxes on people and businesses that make more than $250,000 per year. According to one report I saw, Obama’s tax/economy plan will result in the average $250K earning family having to pay tens of thousands more in taxes than under the current system. Alternatively, the average middle class family will save around $3,000 on their taxes. I’m not even going to get into the who tax refunds for the lower class / redistribution of wealth mess. Obviously I’m against it, but that’s not the point I’m looking to cover here.

On the other hand is McCain’s tax plan. It’s my understanding that that same family earning $250K would pay about what they’re paying now. And that same average middle class family will save around $2,600 on their taxes.

So that’s the breakdown on the taxes. Seems that people making $250K or more will vote for McCain and the typical middle income family will vote for Obama. But there-in lies one of my biggest complaints. So many times I’ve been told by Obama supporters that ‘it would be better for me if I voted for Obama’ and judging by these numbers that may be true… if that’s all there was to this. But the fact is, there’s so much more to electing a president than what’s best for me. I’m not voting based on what’s best for me and I feel that anyone who is voting in such a manner is being extremely selfish. We should be electing a president based and what we feel is best for the nation as a whole. Which president will make this country a better place for our children to grow up in? It totally astounds me that people will risk their children’s and grandchildren’s futures just for an extra $300 on their tax return.

Now you’re thinking I’ve made a leap out of the economy topic and that I’m going to start preaching, but I haven’t and I’m not. Here’s why I don’t think Obama is good for our economy. Jobs. It’s that simple. I predict that when Obama’s tax increase hits the wealthy and the corporations that it is going to stifle job growth. Paired with the increased insurance burden from Obama’s socialized medicine plan and what’s going to happen is skyrocketing unemployment rates. This is going to lead to a huge burden on the systems that are in place (and the ones Obama will put into place) to help lower income people. The end result will be whenever Obama’s time is up and the next president is elected, it will be a Republican who will lower the taxes on the wealthy and on businesses in order to spur growth.

It’s really a fundamental difference of opinions. The Democrats generally want to raise the taxes on the rich and lower taxes on the middle class. The Republicans generally want to lower taxes on the rich to spur reinvestment in hopes of creating more jobs. One of Obama’s commercials talks about how McCain will lower the taxes for wealthy and corporations and it’s said as though that’s a bad thing. Personally, that’s how I feel it should be. Give the guys a break who are taking the risks and starting the businesses that create the jobs our country needs.

So that’s my 2¢ on the economy issue and how it relates to Obama and McCain. I believe it’s wrong to penalize people for achieving their dreams and even worse to take what they’ve worked so hard for and let the government redistribute it to those who haven’t earned it.