Investor's Business Daily, one of the nation's premier business publications, has this to say about Barack Obama's latest economic scheme:
On the eve of a final debate, Barack Obama unveiled an emergency "rescue" of the middle class from capitalism. The details show it to be all hype and no help.
From an editorial in today's edition of the newspaper:
Obama's idea of letting people deplete 15% of their 401(k) investment holdings is indicative of the candidate we have come to know, who wants ordinary people to look to the government for money — and not, as has been the trend in recent years, to their investment portfolios. Encourage novice investors to get out and stay out of the stock market right after a historic decline? Only a socialist mind-set would exploit the financial crisis in such a way.
Obama's campaign likes to call the middle class "the economic engine of America." But that engine's fuel is private-sector investment, most of which, naturally, comes from those with higher incomes. This community organizer from Chicago's South Side, whose career was launched with the help of unrepentant Weather Underground terrorists Bill Ayers and Bernadine Dohrn, will not accept that.
The Illinois senator might be one of the shrewdest presidential candidates ever, but he does slip. For instance, he promises to end capital gains taxes on investments for small businesses and start-ups.
Read the full editorial, "An Obama 'Rescue' Plan That Doesn't," at the
newspaper's Web site.
1 comment:
The left is full of hype and promises, especially with other people's money. As for the truth, that has no place in the Democrat party. If it did, they would normally lose every election, however, I have noticed since the Clinton administration, the Democrat voters don't seem to recognize the truth any more than the Democrat politicians. That is probably due to not hearing the truth from their own party including from the MSM. What can we really expect from those that say killing the innocent unborn is not murder, only choice? They are going the way of ancient Rome. Crucifixion of the Christians will be next. The ingredients for this behavior is already apparent in the twisted minds of the far left. It is a learned behavior and this is what they have been taught by the legalization of abortion and the excusing of bad behavior committed by the leftists like Ayres. Obama has been running with this crowd for years and the Dems don't care. Instead, they think of him as the Messiah. Didn't the German people view Hitler the same way? I see it coming!
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