Promoted from diaries. – Moe Lane
So this is reported from the Times UK:
“Barack Obama’s senior advisers have drawn up plans to lower expectations for his presidency if he wins next week’s election, amid concerns that many of his euphoric supporters are harbouring unrealistic hopes of what he can achieve.
The sudden financial crisis and the prospect of a deep and painful recession have increased the urgency inside the Obama team to bring people down to earth, after a campaign in which his soaring rhetoric and promises of “hope” and “change” are now confronted with the reality of a stricken economy.”….
Well, well, well…it is interesting that we find this out BEFORE Nov. 4th.
I have always said that Obama has oversold himself.
There is no way he could accomplish what he wants even if our economy was booming. Obama has no understanding of economics. No understanding of how business works. You cannot tax your way outof a hole.
About 70 million people work for small businesses. These people make up one-third of the entire population of U.S. voters. Those are numbers that can wield incredible influence in any election. Imagine what can happen if somehow small businesses and their employees could unite around a few key reforms. In fact, regardless of polls, any candidate that can make his case in support of small businesses could walk away with the presidency on November 4.
Imagine what might happen if somehow small businesses and their employees could unite around a few key reforms. Specifically, the next president should work to eliminate the alternative minimum tax, lower corporate tax rates from 35% to 25% and eliminate the capital gains tax entirely. Those are the types of policy changes that small business owners and employees will embrace.
To borrow a few lines: “You may think I’m dreaming, but I’m not the only one. I hope some day you’ll join us” — in support of America’s job-creating engine, the women and men in small businesses.
The only way back is to vote McCain/Palin.