Debate Winner: Obama or McCain?

I admitted when I thought Palin had lost her debate, but I think McCain won this one. McCain may have started slow, because everyone wants to blame the Republicans when something goes wrong with the economy. You know, the real government body that is able to pass regulations and make laws is Congress. Hasn’t this body been majority Democratic since 2006? Shouldn’t over 2 years be enough time to fix things? Aren’t the big players in Congress that are in charge of our financial situations Democrats?

By the end McCain had proved himself and his position. He doesn’t speak as well as Obama, but Obama couldn’t use his classy rhetoric to win it tonight.

I loved how Obama contradicted himself several times, but one major case was with Iraq and genocide. Obama criticizes McCain for supporting the attacks on Iraq. He said we should have never gone there. Later when asked what we should do with global issues of genocide and cruel leaders that didn’t affect our national security, he said we have a moral responsibility to take on these leaders and prevent another Holocaust. Now if we look back at Hussein, wasn’t he sentenced to death because of genocide? So this case was not one of those that we should have prevented apparently!

McCain is going to prevail. Obama can’t pick a position, and all of the things Biden said last week were not carried over to this debate. Does that mean Obama doesn’t have a clue, or Biden has his own agendas? I think Obama is lost and can’t find the right thing to say now…

Obama also wants to impose tax hikes on small businesses over $250,000. He tells us that is only a small percentage of small businesses, but we know 50% of small businesses are above this line. Let’s put this in perspective: If you have 3 employees who make $50,000, by the time you pay salaries, taxes, insurance (which Obama wants to enforce small business employers to provide better insurance instead of supporting their employee’s individual plans), offie expenses, rent, etc., you will have to make well over $250,000 in revenue. Now I don’t know about you, but 3 employees is a pretty small business, and for Obama to make it out like his tax hikes won’t affect many small businesses, he is wrong!

As I have stated before, the treasury department has shown through several analyses that tax cuts on everyone, including those over $250,000 has resulted in more taxes paid by the top 1% and then top 10%, and the government collected $780 Billion more dollars in tax revenue after our last series of tax cuts. Taxing the rich, as Obama wants to do, is only going to hurt middle America. Do you think someone who makes millions and millions is going to suffer from a $200,000 tax increase? NO!!! But placing tax increases on small businesses over $250,000, which are 50% of all small businesses, will destroy our economy!

Obama’s Staff Part Of Economic Problems!

I apologize for the format of this post, but this information was sent to me in an email, and I wanted to forward this everyone.

> > Here is a quick look into 3 former Fannie
> > Mae executives who have brought down Wall Street.
> >
> > Franklin Raines was a Chairman and Chief
> > Executive Officer at Fannie Mae. Raines was forced to retire
> > from his position with Fannie Mae when auditing discovered
> > severe irregularities in Fannie Mae’s accounting
> > activities. At the time of his departure The Wall Street
> > Journal noted, ” Raines, who long defended the
> > company’s accounting despite mounting evidence that it
> > wasn’t proper, issued a statement late Tuesday conceding
> > that “mistakes were made” and saying he would
> > assume responsibility as he had earlier promised. News
> > reports indicate the company was under growing pressure from
> > regulators to shake up its management in the wake of
> > findings that the company’s books ran afoul of generally
> > accepted accounting principles for four years.” Fannie
> > Mae had to reduce its surplus by $9 billion.
> >
> > Raines left with a “golden parachute
> > valued at $240 Million in benefits. The Government filed
> > suit against Raines when the depth of the accounting scandal
> > became clear.
> > (
> > http://housingdoom.com/2006/12/18/fannie-charges/ )
> >
> >
> >
> > The Government noted, “The 101 charges
> > reveal how the individuals improperly manipulated earnings
> > to maximize their bonuses, while knowingly neglecting
> > accounting systems and internal controls, misapplying over
> > twenty accounting principles and misleading the regulator
> > and the public. The Notice explains how they submitted six
> > years of misleading and inaccurate accounting statements and
> > inaccurate capital reports that enabled them to grow Fannie
> > Mae in an unsafe and unsound manner.” These charges
> > were made in 2006. The Court ordered Raines to return $50
> > Million Dollars he received in bonuses based on the
> > miss-stated Fannie Mae profits.
> >
> > Tim Howard was the Chief Financial Officer
> > of Fannie Mae. Howard “was a strong internal proponent
> > of using accounting strategies that would ensure a
> > “stable pattern of earnings” at Fannie. In
> > everyday English – he was cooking the books. The Government
> > Investigation determined that, “Chief Financial
> > Officer, Tim Howard, failed to provide adequate oversight to
> > key control and reporting functions within Fannie Mae,”
> >
> >
> > On June 16, 2006, Rep. Rich ard Baker,
> > R-La., asked the Justice Department to investigate his
> > allegations that two former Fannie Mae executives lied to
> > Congress in October 2004 when they denied manipulating the
> > mortgage-finance giant’s income statement to achieve
> > management pay bonuses. Investigations by federal regulators
> > and the company’s board of directors since concluded
> > that management did manipulate 1998 earnings to trigger
> > bonuses. Raines and Howard resigned under pressure in late
> > 2004.
> >
> > Howard’s Golden Parachute was
> > estimated at $20 Million!
> >
> > Jim Johnson is a former executive at
> > Lehman Brothers who was later forced from his position as
> > Fannie Mae CEO. A look at the Office of Federal Housing
> > Enterprise Oversight’s May 2006 report on mismanagement
> > and corruption inside Fannie Mae, and you’ll see some
> > interesting things about Johnson. Investigators found that
> > Fannie Mae had hidden a substantial amount of Johnson’s
> > 1998 compensation from the public, reporting that it was
> > between $6 million and $7 million when it fact it was $21
> > million.” Johnson is currently under investigation for
> > taking illegal loans from Countrywide while serving as CEO
> > of Fannie Mae.
> >
> > Johnson’s Golden Parachute was
> > estimated at $28 Million.
> >
> >
> >
> > WHERE ARE THEY NOW?
> >
> > FRANKLIN RAINES? Raines works for the
> > Obama Campaign as Chief Economic Advisor
> >
> > TIM HOWARD? Howard is also a Chief
> > Economic Advisor to Obama
> >
> > JIM JOHNSON? Johnson hired as a Senior
> > Obama Finance Advisor and was selected to run Obama’s
> > Vice Presidential Search Committee
> >
> >
> >
> > IF OBAMA PLANS ON CLEANING UP THE MESS,
> > HIS ADVISORS HAVE THE EXPERTISE…THEY MADE THE MESS IN THE
> > FIRST PLACE! Would you trust the men who tore Wall Street
> > down to build the New Wall Street ?