How Could Anyone Vote for Obama?
I am still dumbfounded. How in the world could anyone with any measure of success and education vote for Obama? I really don’t know but what I do know is that there were plenty of people that fit that description who voted for him. Let’s look at a specifc issue. The number one issue this country faces is the economy. The McCain camp and the Obama camp would both agree. So let me break this down for you.
McCain’s idea was to keep the taxes where they were. He wasn’t planning on giving any individual a tax cut. His plan was to keep the existing lower taxes in place. I’m sure most of you don’t know how the brackets break down so I’ll lay it out for you.
10% : 0-65k | 28% : 65k-131k | 33% : 131k-357k | 35% : 357k+
So the majority of Americans would have been taxed at 10%. Keep in mind that 40% of that bracket pay zero taxes to begin with. My feeling is that these tax brackets are too steep anyway but why change this? Why put an even heavier burden on the disproportionate burden the upper two brackets already carry?
One thing McCain was promoting was cutting taxes on companies by about 10% for large companies to possibly 20% for smaller ones. This isn’t because he wants to give the rich more and give less to the poor. To understand how this affects everyone, especially the poor, you need to understand how the market works. When a company is faced with increased costs (including taxes) they have a few options. They do one or more of the following:
- Raise prices
- Reduce quantity
- Stop Hiring
- Layoffs
- No Raises
- No Bonuses
- Reduce Benefits
It doesn’t take a genius to figure out how this is going to affect the consumer, especially the poor. We are already seeing the affects of a struggling economy on prices of everyday goods. Look at the price of dairy. In the last year prices have seen an increase of about 5% up to 11%. So guess what. When Obama starts taxing them higher what do you think is going to happen? That’s right, prices are going to increase even further. So instead of people paying $3 for a half gallon of milk we will pay $4 or $5. Now this isn’t going to impact my family at all but it will certainly impact poorer Americans.
Let’s take a look at some other items. Have you noticed that most ice cream packages are now about 30% smaller? Guess what, Pepsi and Coke are going to be coming in 8 packs and 18 packs instead of 12 and 24 packs. The best part is they will mostly likely be more expensive as well. We are already seeing these changes. I ask anyone, how is raising taxes on all of these companies going to help the middle and lower classes? How? A $500 check in the mail will be spent quickly but these high prices are here to stay. What a joke. How all you educated people missed this is totally beyond me.