Obama is a Marxist. This came as news to me.
I had not heard him propose to nationalize Microsoft or Merck or McDonalds or MMM or Monsanto, but I guess he has just not gotten to the M's yet.
But wait, he wants to steal from the rich and give to the poor. In fact, he wants to bring the marginal rate all the way to... to what? Well, to where it was before the Bush cuts, back to when we were a Marxist state! (Hey, Red Staters, out east we call this sarcasm).
Take a look at this historic top marginal rate tax chart. Top marginal rates today are at 35%, and they were at 39.6% before the Bush cuts. Obama wants to bring the marginal rates back to 39.6%. McCain wants to keep them at 35%. Before Bush, marginal rates were as high as 90%, back in the 1950s when were a communist state (hey, Red Staters, catching on?).
Under Reagan, the top tax rate was at 70%, and he brought it down to 28% (and left us with an enormous deficit). That was called trickle down. Emphasis on TRICKLE. But almost everyone agrees 70% was too high.
Clinton brought the marginal rate back to 39.6%. Did that kill investment and risk taking, Red Staters? Have you heard of internet startups? Google? Amazon? EBay? What else did Clinton do? He balanced the budget. Balanced budgets used to be called conservative.
But wait, what about national healthcare? What about it? Today we have welfare, we have social security, we have medicare, medicade, unemployment, and a progressive tax code. All of these help to bolster those least able to fend for themselves. Only the most radical libertarians and lassez-faire capitalists propose eliminating these programs.
The choice is not between a capitalist state and a marxist state. The Obama vote is one which admits that the past few years have been hard on our middle class. To think this is Marxism or socialism is plain ignorant. (Now I think you understand.)
The most profitable candidate won. History shows that poorly managed governments wasting money on expensive military ventures or appeasing populations with lots of services without paying or them the way that McCain and Bush want leads to business downfall, unemployment and inflation. Think Argentina from 1945-1985 as one example.
Posted by: David Neubert | March 17, 2009 at 11:04 AM