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Week of October 12, 2008 - October 18, 2008

Archie Bunker endorses Obama!!!


I can just hear Archie Bunker singing - "Mister we could use a man like Herbert Hoover again"

Obama to plumber - we're going to "spread the wealth around"


I hope there's a lot of plumbers out there who own their own small business and earn more than $250,000.  I think this election is going to be determined by the small business owners

Here's what was on camera:

"Your new tax plan is going to tax me more, isn't it?" the plumber asked, complaining that he was being taxed "more and more for fulfilling the American dream." 

"It's not that I want to punish your success. I just want to make sure that everybody who is behind you, that they've got a chance for success too," Obama responded. "My attitude is that if the economy's good for folks from the bottom up, it's gonna be good for everybody ... I think when you spread the wealth around, it's good for everybody." 

Obama to eliminate capital gains taxes on small business??


What capital gains taxes are paid by small business owners??  Did Obama flub this one??  Last time I checked small businesses pay income taxes, not capital gains 

This is right from his website - "Provide Tax Relief for Small Businesses and Start Up Companies: Barack Obama and Joe Biden will eliminate all capital gains taxes on start-up and small businesses to encourage innovation and job creation. "

http://www.barackobama.com/issues/economy/

WSJ - Obama's 95% illusion


Interesting reading - http://online.wsj.com/article/SB122385651698727257.html
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MiddleClassBill

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