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The Socialist State of America

www.ChristianFinancialConcepts.com

October 27, 2008


Obama has promised "change", and, if elected, he'll make sure we get it. The result of his "change" will be that you won't have any paper money in your pockets - all you'll have is change. If you think we have economic problems, wait until you see the changes Obama's Socialism will bring to America. (For a preview, consider the devastation Obama-style economic "reform" brought to Russia: economic ruin, complete with bread lines.)

Why am I talking about Socialism? Everyone knows that this election is about the economy, right? Not really. It's about MONEY. Following this election, either Capitalism or Socialism will control the economy, and thus the money.

Guess who got the money after the Russian Revolution? The Communist Party leaders. Sure, they gave wonderful speeches about how the ordinary comrade in the streets would have more money after their Glorious Revolution. But we all know what happened. The comrades were soon starving in the streets. And the party leaders were living in luxury.

"But Obama's not like that." Really? After his convention backers had agreed to spend $40 million, he forced them to spend another $20 million so that he could look like an emperor. His campaign trashed Sarah Palin because the RNC bought her some clothes appropriate for campaigning in. Obama wears $3,000 suits. During his campaign he has stayed in 5-Star luxury hotels, and his room service meals (including the lobster and champagne that his wife is so fond of) cost hundreds of dollars.

At a DNC fundraiser at the home of millionaire backer Phil Murphy, Obama complained about the hardships he has endured on the campaign trail (see LINK below). In his speech he said, "I haven't been putting up with airplanes and hotel food for 19 months just to come in second." He is so out of touch with the people who adore him. Most of them will never see, much less fly in, a luxurious jet like his. And few of them could afford to eat in the gourmet restaurants he enjoys every day.

Why do you think so many billionaires and millionaires support Obama? Do you think it's because they think he is actually going to take more taxes from them? Not a chance. No, America after an Obama Revolution would be like Russia after their Revolution. Obama's rich friends would get even more tax breaks; why else would they back him? Just one example from Obama's plan: $1.5 Trillion in "tax relief" for trial attorneys. Why would overpaid trial attorney's need tax relief? They don't. But they contributed millions to Obama. And politicians always take care of their friends...

Unfortunately Obama does not number American workers among his friends. Under Obama's Socialist regime, the average worker would be far worse off financially.

American workers would pay more in taxes. One of the less-known aspects of Obama's "economic plan" is a new payroll tax for something he calls "wage insurance". How many federal deductions do you see on your pay stub now? If you want to add another deduction, vote Obama.

And the 95% who will receive tax cuts under Obama? Pure fiction. The Wall Street Journal calls it a "clever pitch" because it lets him pose as a tax cutter while proposing one of the largest tax increases ever. (See LINK below.) Some would receive income tax cuts, but the increase in their social security taxes and the new taxes he plans would dwarf them. His new taxes includes a "Natural Resources Tax (he will tax heating gas, electricity and water); higher GASOLINE taxes; a new tax on homes over 2400 square feet; and new taxes on your retirement account. If you want to pay new, clever taxes, then by all means vote Obama.

Obama lies when he claims only the "rich" would see tax increases. A non-partisan study showed that families who make as little as $42,000 would suffer tax increases. Make sure you watch the video, "Obama's 95% Tax Cut Doesn't Pas the Math Test (see LINK below). It contains a chart from the highly respected American Enterprise Institute which demonstrates that even low income workers will see taxes as much as double under Obama. If you want to pay more income taxes, vote Obama.

Consider that 40% of the people Obama claims will get tax cuts pay no taxes at all. How then will he give them a "tax cut"? He will take YOUR tax money and send it to them. I call that federal welfare. Obama calls it a tax cut. If taxpayers want to send their money to non-taxpayers, they should vote Obama.

Even the few who do receive tax breaks initially would suffer later. The Wall Street Journal's analysis concludes, "Because Mr. Obama's tax credits are phased out as incomes rise, they impose a huge "marginal" tax rate increase on low-income workers...Families with an income of $40,000 could lose up to 40 cents in vanishing credits for every additional dollar earned from working overtime or taking a new job." If you want to be penalized for working harder, vote Obama.

Obama's taxes on small businesses, which create most of America's jobs, would devastate many of them. Many of the business owners who have been interviewed on this subject say that their only recourse would be to lay off workers. If you're tired of working, and would like to get laid off and try to live on Obama's "tax cuts", you should vote Obama.

Obama has admitted that he would have to raise taxes to pay for his massive universal health care plan. (These are not included in the numbers he has revealed in order to get elected. We'll get that surprise if we are stupid enough to elect him.) He plans to institute a Canada-style socialized health care plan at a cost that could double our national debt over the years, and cause double-digit inflation. If you don't have health insurance, or you think it costs too much, you might be tempted to support Obama. Talk to a Canadian first, as I have. They are uniformly bitter about the high cost of their inferior government health program. If you want to pay more for less, vote Obama.

At first I included Obama's Global Poverty Tax in the paragraph above about Obama's new taxes. But I concluded that it was dangerous enough to deserve its own paragraph. On December 7, 2007, Obama introduced the "Global Poverty Act" in the Senate. In short, this Act that will cost $845 Billion over the next decade and send your tax money to people all over the world through his beloved UN. Supposedly this will help reduce poverty. But anyone who is not as naïve as Obama has watched the US send billions to third world countries over and over, only to have the money stolen by their dictators to build more mansions and buy more armor-plated Mercedes-Benz's. The most insidious part of this TREASONOUS Act is that, "For all practical purposes, it surrenders U.S. political sovereignty and independence to the U.N., an organization most of whose members are actively hostile to the U.S." (From the article "Obama's Global Poverty Act" see LINK below.) Obama says, "This is the type of Act that we can - and must - make a priority." If you are stupid - abjectly, irretrievably stupid - vote Obama.

This week a gutsy anchorwoman at an Orlando TV station asked Joe Biden a question that much of America would like to see answered. "Karl Marx said, 'From each according to his ability, to each according to his need.' How is Senator Obama not being a Marxist if he intends to 'Spread the Wealth around?'" A furious Biden sputtered, "Are you joking. Is...is this a joke?" The Obama campaign is so accustomed to being worshipped by the press that Biden simply couldn't believe that he was being challenged. Obama retaliated by trashing the journalist and cutting off scheduled and future interviews with the station - a chilling preview of how an Obama White House will punish any member of the press who dares to ask a question he does not like.

Unfortunately, Biden and Obama left the question unanswered. In what way does Obama's promise to "spread around" your money and mine differ from Karl Marx's philosophy, a philosophy which gave rise to two of the most brutal and repressive regimes in the world, the Union of Soviet Socialist Republics and Communist China?

At the top of this article are pictured The Three Comrades (or Three Stooges, you choose) who will run The Socialist State of America if Obama is elected. They are Nancy Pelosi, the Speaker of the House, Harry Reid, the Senate Majority Leader, and of course Barrack H. Obama, The Socialist-in-Chief. Even Democrats should be afraid - very afraid - of this picture.

You see, America has always been wary of a national government completely controlled by either party - even if it is their own party. In my opinion the best Congress is one that is gridlocked. If they can't do anything, they can't do our nation harm. A Congress in which both Houses are controlled by one party will do a lot, and little of it will be good for the nation.

When you add a filibuster-proof majority in the Senate to the mix, the potential for disaster increases exponentially. Add a president who will sign any bill that appears on his desk, and there is nothing to stop the government from controlling every aspect of our lives.

What about Checks and Balances, you may well ask. With Obama in the White House and Democrats in control of the Senate and the House, there would certainly be no check or balance between the Legislative and Executive Branches. But we might be able to depend on the Judicial Branch, the Supreme Court to provide some level of restraint - for a while.

At present, the Supremes are pretty evenly split, although left-leaning. Most issues come down to a 5-4 vote, with some victories going to traditional, conservative America, and some going to the future Socialist America that Obama wants to create. But most Court observers say that the next POTUS will appoint two or three justices. If Obama is the president, there will be no checks on Congressional misdeeds for decades to come. The Three Branches of Government will effectively cease to exist. The Congress and the Supreme Court will simply rubber-stamp anything that Commissar Obama commands.

Obama would not be able to accomplish everything on the list below in two terms. But perhaps he could do as Mayor Bloomberg of New York City recently did, and remove the two-term limit. If not, he would certainly do his best to make sure his policies were followed after he left office. I will leave you with a list of the long-term effects of Obama-style Socialist government:

Taxes will rise to the point where the middle class will cease to exist.

People will use abortion as birth control, because Big Government will pay the bill.

Our Defense budget will be slashed and our nation will be vulnerable to attack.

The ability of homosexuals to marry and adopt babies will become national law.

Socialized health care will reduce our health care system to third world nation levels.

The death penalty will be abolished for murder or treason, because it is too cruel.

But gun ownership will be punishable by death, as will speaking against the government.

Freedom of the press will become a fond memory.

And eventually, America will cease to exist as a Sovereign Nation. We will become just another member of the United States of the World, part of the New World Order Obama speaks of so fondly. By then Obama will have figured out a way to become the President of the World. And then he will be able to re-distribute our wealth, not just here, but all over the world...

One last thought on the economy, and how Obama's Socialist tax plans will impact us. We learned a terrible lesson as a nation the last time we suffered an economic crisis such as we are experiencing now. Obama constantly refers to the Depression, but he understands nothing of its cause. According to noted economist Murray Rothbard, author of "America's Great Depression," after the Stock Market Crash of 1929 Herbert Hoover did the worst thing possible. He RAISED TAXES, thereby plunging us into the Great Depression.

The top tax rate for individuals was 25% after the Crash. With the Revenue Act of 1932 Hoover raised this to 63%. He also increased corporate taxes, gift taxes and estate taxes. Sound familiar? These are all part of Obama's "economic plan." As John McCain has warned us, raising taxes during a time of economic crisis could turn an economic downturn into a Depression. The ignorant and foolish refuse to learn from history, and are therefore doomed to repeat it.

We have had stock market crashes many times in our history. Within six months to a few years the market has always recovered. So market crashes by them selves do not cause depressions. The only president who was foolish enough to raise taxes following a stock market crash was Hoover. If Obama is elected, he will be the second president to cause a Depression.

INTERNET RESEARCH:

** Make sure to read the chart at the end of this article regarding both candidates' positions, and their different tax plans.

Wall Street Journal: Obama's promise of a 95% tax cut is nothing more than an illusion

http://www.fastcompany.com/big-idea/obama-s-promise-95-tax-working-families-nothing-more-illusion

VIDEO: Obama's 95% Tax Cut Doesn't Pass the Math Test

http://www.liveleak.com/view?i=be3_1223924138

Searching for Obama's 95%

http://spectator.org/archives/2008/10/16/searching-for-obamas-95-percen/

Obama's Global Poverty Act

http://www.capmag.com/article.asp?ID=5152

Obama Plan Ships Dollars Overseas - By the Billions

http://www.worldnetdaily.com/index.php?fa=PAGE.view&pageId=56405

Spreading Our Wealth All Over the World

http://www.americanthinker.com/2008/02/the_global_candidate_proposes.html

VIDEO: Obama's Hardships on the Campaign Trail

http://www.youtube.com/watch?v=g49YtT7nh28

 

THE CANDIDATES ON THE ISSUES

 

 

JOHN McCAIN

BARACK OBAMA

Experience in the US Government

22 YEARS

291 DAYS

Will appoint Constitutionalist judges who interpret the law, not make it

Yes

No

Served in the US Military

Yes

No

Believes in and supports a Capitalist, free market economic system

Yes

No

Supports offshore drilling to make US energy independent

Yes

No

Supports 2nd Amendment gun ownership rights

Yes

No

Will institute a socialized national health care plan

No

Yes

Supports abortion throughout pregnancy (including at the moment of birth)

No

Yes

Vowed to pull all troops out of Iraq within 90 days of taking office (has since softened on that naïve promise)

No

Yes

Supports homosexual marriage

No

Yes

Proposed programs will mean a huge tax increase

No

Yes

Voted against making English the official language of the US

No

Yes

Voted to give Social Security benefits to illegal aliens who never paid into the plan

No

Yes

THE CANDIDATES' TAX PLANS


 

CAPITAL GAINS TAX

 

McCAIN

0% on home sales up to $500,000 per home (couples). McCain does not propose any change in existing home sales income tax.

OBAMA

28% on profit from ALL home sales.  (How does this affect you? If you sell your home and make a profit, you will pay 28% of your gain on taxes. If you are heading toward retirement and would like to down-size your home or move into a retirement community, 28% of the money you make from your home will go to taxes. This proposal will adversely affect the elderly who are counting on the income from their homes as part of their retirement income.)

DIVIDEND TAX

 

McCAIN

15% (no change)

OBAMA

39.6% - (How will this affect you? If you have any money invested in stock market, IRA, mutual funds, college funds, life insurance, retirement accounts, or anything that pays or reinvests dividends, you will now be paying nearly 40% of the money earned on taxes if Obama becomes president. The experts predict that 'Higher tax rates on dividends and capital gains would crash the stock market, yet do absolutely nothing to cut the deficit.')

INCOME TAX 

 

McCAIN

(no changes)

Single making 30K - tax $4,500
Single making 50K - tax $12,500
Single making 75K - tax $18,750
Married making 60K- tax $9,000
Married making 75K - tax $18,750
Married making 125K - tax $31,250

OBAMA (reversion to pre-Bush tax cuts)

Single making 30K - tax $8,400
Single making 50K - tax $14,000
Single making 75K - tax $23,250
Married making 60K - tax $16,800
Married making 75K - tax $21,000
Married making 125K - tax $38,750
Under Obama, your taxes could almost double!


INHERITANCE TAX


McCAIN

0% (No change, Bush repealed this tax)

OBAMA

Restore the inheritance tax

Many families have lost businesses, farms, ranches, and homes that have been in their families for generations because they could not afford the inheritance tax. Many who will their assets to loved ones will lose them to Obama's taxes.

NEW TAXES PROPOSED BY OBAMA

 

New government taxes proposed on homes that are more than 2400 square feet.  New gasoline taxes (as if gas weren't high enough already). New taxes on natural resources consumption (heating gas, water, electricity). New taxes on retirement accounts, and last but not least: New taxes to pay for socialized medicine so we can receive the same level of medical care as third-world countries!

 

Copyright ©2008 Tom Barrett

Tom Barrett is the Founder and Publisher of www.ConservativeTruth.org. He has written thousands of articles that have been republished in national newspapers and on hundreds of websites, and is a frequent guest on radio and television shows. His unique viewpoint on social, moral and political issues from a Biblical worldview have resulted in invitations to speak at churches, conferences, Money Shows, colleges, and on TV (including the 700 Club). Tom is also an expert speaker and writer on the subject of Biblical Finance, and is the Founder of www.ChristianFinancialConcepts.com. 
Send the author an Email at Barrett @ ConservativeTruth.org
Visit Dr. Tom Barrett's web site at www.ChristianFinancialConcepts.com

 


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