One on None conversation with Barack Insane Obama
Change? Hope? Ok you’ve got me. After seven years of the Bush administration – an administration that has done a lot of good and bad, I am ready for change. I am always hoping for better too, so like I said, you’ve got me. Real quick though, what kind of changes are you proposing?
Hmm, that sounds like a tax raise to me.
Ok so you are going to keep the cuts for the middle class but raise taxes on those who are more financially fortunate… Why is it ok to make the people already paying the most income taxes pay more?
Ok but don’t you think that is going to hurt investment in this country since the middle class has almost a negative savings rate and the wealthy have a high savings rate? And since when is improving the economy synonymous with a tax increase, it’s usually the opposite bro. You lower taxes to improve the economy… Kennedy had that idea remember?
Ok we’re just going to have to agree to disagree on this one. But you know what let’s move on. What else are you proposing?
Ok but doubling the capital gains tax from 15% to 28% is just going to cut revenues… Why? Because at such a high rate people will sit on their stocks as opposed to frequently trade because the margin per trade value goes down so greatly. You know, if you want I can help you with this stuff I have a pretty good understanding of economics and I am looking for another summer internship... Oh ok you have economic advisors already? Oh I know them, yeah they are pretty decent -- so what else are you proposing?
Hmm yeah Barack, bud, I don’t think that’s a good idea. Free trade is a good thing. You know your economic advisors have written pieces and taught the benefits of free trade… you should listen to them. You won’t find many credible economists who oppose it. I know it makes for good political rhetoric, but misleading or lying to the American people isn’t a good thing right? Well let’s move on anyway. Tell me what you plan to do to address our federal budget deficits?
WHAT?! Barack you’re going to add 875 billion dollars in spending in your first year?!!!! Hey now! You know what that is going to do to our economy right?! Ok… you know what I have to go. Nice meeting you, and uh.. “good luck” in November.
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