Obama's Plan to Destroy the Economy

Senator Obama loves the working poor, so much so that he wants all of us to be in that category, and his economic plan will go a long way to seeing that dream become a reality. He plans to raise capital gains and dividend taxes by 100%, even though he admits it will generate less revenue and therefore increase the deficit even more. This should keep the markets down, and with them your 401k's. He wants to raise corporate taxes, which he apparently doesn't know are not paid by corporations, but by employees, shareholders, and customers. This will reduce the number of jobs and keep the salaries of those working nice and low, which is good since when the Bush tax cuts expire that lowest bracket will go from 10% back to 15% so they can enjoy a further reduction in pay.  In addition he wants to remove the Social Security tax cap, so companies will be hit with the another 6.2% for higher paid workers. Of course, the company isn't going to just eat that extra cost, so that added expense will get passed on to the consumers as well. Those higher paid workers are looking at more than a 10% cut, and they are going to demand higher pay to make up for it. Too bad the companies will be already struggling to pass off the costs of the higher taxes, so they will have to have some more layoffs. In addition, Obama wants to bring back the windfall profits tax, the disaster from the 70's that caused domestic oil production to plummet. This will further drive up the cost of gasoline and make us even more dependent on the volatile middle east. If you want to know where it will all end, look to the 70's (the last time we elected an ultra liberal president). Skyhigh interest rates, soaring unemployment, and inflation out of control.