Wednesday, October 22, 2008

Truth Rears Its Ugly Head

Barrack Obama told Joe the Plumber that he feels "when you spread the wealth around, it's good for everybody."

Rep. Frank exclaimed on national television, "I think at this point, there needs to be an immediate increase in spending, and I think this is a time when deficit fear has to take a second, uh, a second seat. I do think this is the time for a very important kind of dose of [unintelligible]. Yes, I think later on, there should be tax increases. Speaking personally, I think there are a lot of rich people out there who we can tax at a point down the road to recover some of this money." (CNBC's "Closing Bell," 10/20/08)

Spread the wealth, immediate increase in spending, increase taxes. What?

President Clinton campaigned on lowering the taxes for the middle class but when it came time to make good on the promises, there weren't any tax cuts. At least the legislature and White House worked together in the mid-90s to provide a path that led out of the deficit spending model. Those days are long gone, aren't they.

Based on polling data, it seems we're well on our way to provide the perfect tri-fecta. President Barack Obama, Senators Harry Reid and Chris Dodd and Representatives Nancy Pelosi and Barney Frank have our backs! Congressman Frank has let their plan leak out to us. These guys have our backs alright. At knife point.

Am I going down a wrong path here?
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