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  • From: DSanner106 AT aol.com
  • To: homestead AT lists.ibiblio.org
  • Subject: Re: [Homestead] Scary as h*ll
  • Date: Thu, 16 Oct 2008 11:13:04 EDT

I did watch the clip Lynn, and unless CNN cut it down, Obama didn't say most
of this stuff. The talk was about not the cuts for people below 250,000 but
about the increases for those over. Obama congratulated Joe on his self made
success and told Joe that by taxing him more and spreading the wealth around,
he would help not Bob, but those coming up behind him to be successful as he
had been. Joes concern stemmed from the fact that most employees in America
are employed by or in small businesses and most small business had profits
over 250,000.00. Then they pay for their employees , etc etc. If their
250,000
is cut to 180,000.00, that is a few employees they can't keep on and have to
lay off to stay in business. This had absolutely everything to do with
taking
the profits of small businesses.

Drew


In a message dated 10/16/2008 7:38:26 A.M. Eastern Daylight Time,
lynnw1366 AT hotmail.com writes:


Bob; did you listen to the clip? It has absolutely nothing to do with
'taking the profits of small businesses'. He's talking about his planned
tax cuts for people making less than $250,000/year...nothing that he
hasn't been talking about for months. He says that if those people have
more money to spend, they can afford to hire people like Joe the
plumber, who he is talking to. That's what he meant by 'spread the
wealth around". Sort of a reverse 'trickle down' (which never did
trickle down to me). He also explains that as those businesses grow,
they won't pay capital gains tax, so can use that money to put back in
their business, possibly keeping MORE money than under the present system.

Lynn Wigglesworth

bob ford wrote:
> It is 3:30 am here and listening to CNBC. They mentioned mentioned
something Obama said, yesterday, that I hadn't heard, This should scare the
h*ll
out of everyone. According to CNBC, no one is even covering it, except NY
Post. I'm all for jailing the flying monkey bankers who caused this mess,
but
that won't happen with Obama -- they aren his advisors , but listen to what
he
plans to do:
>
> " Conservatives yesterday ripped Obama after he was caught on video
telling an Ohio plumber that he intends to take the profits of
small-business
owners and "spread the wealth around" to those with lesser incomes."
>
>
>
http://www.nypost.com/seven/10152008/news/politics/obama_fires_a_robin_hood_warning_shot_133685.htm
>
>
>
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