From our buddy, Morgan...who explains Obama's tax plans 'better' than Obama could..more personally, and more truthfully....

Barack Obama's Economic Idiocy and Outright Lies.

Here in Florida, Obama continues to run an economic ad stating that "the old theory of trickle down economics has failed badly..." and then went on to spout leftist platitudes and lies intended to appeal to the less informed and just plain stupid.

According to Obama surrogate Bill Richardson, if you make less than $120,000 your taxes will be cut. Above that, they WILL go up! Here's where trickle down economics comes into play. Obama's plans DIRECTLY target all of my customers for higher taxes. My business, like hundreds of other small businesses, relies on the ability of wealthy clients to spend disposable income. If the federal government under Obama raises their taxes from 35-40% and then maybe even raises the estate (death tax), my customers will take a DIRECT hit in the pocketbook and will cut back on their discretionary spending.

So my wealthy customers spend less money, affecting my business and countless others who rely on them. When our businesses are hurt, we cut back on equipment purchases, expendable overhead, advertising dollars, raises, bonuses, etc.. Ultimately we need to start firing people to stay in business. The economy ends up being strangled by socialist policies.

Trickle down economics is NOT a theory! As you can see, wealth flows downhill from the high achievers, businessman, investors, and risk-takers to the rest of the economy and then flows in all directions through spending and investing and hiring. Just as wealth and jobs flow down through an economy, so does "human waste", in the form of tax increases!

Obama's lies? He says, "the top 5% will have their taxes increased, while the other 95% will get a tax cut." That's a whopper of a lie from top to bottom. Approximately 45% of all income earners pay NO federal income taxes, so how can they POSSIBLY get a tax cut? Simple, they get a welfare check paid for by the people whose taxes are going up. That's Socialist income redistribution from Obama, plain and simple.

Obama's socialist economic policies count on the thoroughly discredited theory that the government can create wealth and jobs by redistributing income. In practice that has proven to be imposible because a heavy-handed government cleptocracy kills the initiative of individuals. Remember that when casting your vote on Tuesday.

Vote for economic freedom and prosperity, vote for John McCain!

BY, Morgan Orlins, friend extraordinaire!

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