3. He wants to increase federal taxes on corporations and close tax loopholes - while I believe that closing tax loopholes is the moral thing to do, it could result with more companies moving over seas to escape higher taxes. In a recessionary economy I don't think chasing companies and American jobs is the right thing to do.
Personally, I think taxes need to be increased in general. I say this because I'm thinking of the future, and because, that is what Bushshould've done when he initiated the two wars that are currently raging in Afghanistan and Iraq...
The thing is "War requires financing and that money needs to come from somewhere. There are two options. You can raise taxes, to the temporary displeasureof citizens, or you can burrow money (which in the case of the US = print more of it) to finance the war. The former option is the best because it's neverpermanent. After a war, you just re-adjust the rates of taxation back to their pre-war time and everything is good. The latter option is the worse of the two,and significantly so, because you either increase the national debt of your nation as a consequence of burrowing, or you increase inflation by printing.
Relative to today's economy, the Bush years were economically more stable--at least, when the War began (Thanks to Clinton's surplus). So in thatregard, raising taxes to finance the war would have been the best option. The key point is that, taxation in a good/ok economy is something the U.Scould've handled. But did he raise taxes, no! WHY--because he knew raising taxes would affect his wealthy comrades the most...and we certainly cannot havethe rich folk pay for the War...
Now Obama's economy is clearly different. He inherited a War and a faltering economy. He has the same 2 options as Bush, but in reality, he stands to loseby executing either one.
On the matter of the War, he can raise taxes in an attempt to finance the War (as should be the case) but by doing so, he risks dealing a damaging blow to analready writhing economy. His second option would be to burrow more money (as Bush did) but, we already know how that situation paly out--increased nationaldebt and flagrant inflation...
This is why Obama will lose regardless of what he does. His cards were already in play way before he entered the game. The worst part is that, Republicans knowdamn well that his options are awful in either case, they know the cards he was dealt, and they know the inheritance he was given. And yet, they attack the manfor matters he didn't even put into play himself."
Originally Posted by JustScoreda100
4. Guantanamo Bay / Rendition - He closed Guantanamo bay with out any plan on where the terrorist will be moved to. By closing it he will probably have to house these terroists on American soil. He also didn't repeal bush era rendition polices which sanctions kidnapping people and transporting them to foreign countries so they can be tortured by foreign governments.
This doesn't mean it they will be your neighbor. They will be in our prisons where we can be more certain torture will not occur. And innocent until proven guilty is still our philosophy right?
What he said...
5. Warrant less Wiretapping - He directly went against his words when he said he would end warrant less wiretapping in America before he was elected. He even took it a step further than the bush administration by asserting that the government can not be sued by people who wiretapped.
Proof of this...
...
..... He has tried to create a master race...
