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Ben Stein explaining how Obama will screw the US Economy



Uploaded by: joeybee3313
Video Description:
Ben Stein explaining on Fox News how proposed economic polices by candidate Barack Obama will siphon funds from retiring Americans. Ben Stein also explains that Obama will raise taxes for the middle class, and if Barack doubles the capital gains tax as he has proposed that will bankrupt the middle class' retirement funds. It is also pointed out that if Obama raises taxes on home sells as proposed, the construction industry will be in even more trouble.
Aired: June 12, 2008 08:46AM


Tags for this video: Barack Ben capital construction gains home John McCain Obama retirement sells Stein taxes

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You know, John F. ... ( 1 day ago by jsgoodfella)
You know, John F. Kennedy was for tax cuts for the wealthy and corporations
Bullshit. Obama ... ( 1 day ago by jsgoodfella)
Bullshit. Obama also complains about the jobless rate, and then wants an increased minimum wage, which destroys entry level jobs.
Obama tax plan=tax ... ( 1 day ago by jsgoodfella)
Obama tax plan=tax corporations=fewer jobs, fewer dividends for shareholders, fewer charitable contributions, more expensive products.
Raise in minimum wage=thousands of entry level jobs destroyed=bad obama plan.
The top 10% richest people in america pay 65% total taxes. To be eligible for the 10%, you must make 97,000 dollars a year. Its very easy to accuse Bush of tax cuts for the rich, cause they pay the freakin taxes.
That simple enough for you?
º¤ø„¸ º¤ø„¸ º¤ø„¸ ¸ ... ( 18 hours ago by raysolomon)
º¤ø„¸ º¤ø„¸ º¤ø„¸ ¸„ø¤º°¨¸„ø¤º°¨¸„ø¤º°¨¸„ø¤º°¨
º¤ø„¸ º¤ø„¸ º¤ø„¸ ¸„ø¤º°¨¸„ø¤º°¨¸„ø¤º°¨¸„ø¤º°¨
º¤ø„¸ „ø¤º°¨ Obama-Biden 2008!!!¸„ø¤º°¨¸„ø¤º°¨
¸„ø¤º°¨ „ø¤º°¨YES WE CAN !!!!!!¨°º¤ø„¸¨°º¤ø„¸
¸„ø¤º°¨„ø¤º°¨„ø¤º°¨¨°º¤ø„¸¨°º¤ø„¸¨°º¤ø„¸¨°º¤ø„¸
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In response to ... ( 18 hours ago by JackOperaMan)
In response to Kennedy: 1960 we were not running a deficit. Ronald Reagan borrowed and spent more than any other president in our history until Bush, and now my generation is stuck with the bill. The Republicans stopped being fiscally responsible in 1980. Now we have the choice - borrow and spend or tax and spend. Neither one is appealing, but at least my cut is better off(since my household makes less than 150K) with Obama. Also Obama has a decent healthcare plan, is right on energy, etc.
jsbadfella You are ... ( 15 hours ago by bmer650)
jsbadfella You are typical of republicans tell a lie 100 times and it becomes truth, well I am sorry people now are learning and more can read now, than when you were at school. you're facts are wrong and you know it where do you get all your information that hannerty weasel and Satan himself O'rielly
Actually, my ... ( 14 hours ago by jsgoodfella)
Actually, my sources were the Daily Breeze and Investor's Business Daily. I dislike O'Reilly strongly, I don't give a shiite about hannerty.
Regan had to spend ... ( 14 hours ago by chipperThe1)
Regan had to spend that money to end the cold war, there was no other choice. The cold war started with dems and look had to fix it Republicans.Obama's healthcare is a joke. No way it works. And his energy plan will make gas go UP. He wants to tax oil companies which will make it more expensive to produce gasoline so they have to sell it a higher price, He also doesnt want more nuclear or drilling. He wants to make a government that can give everything to the people and then take it all away.
Explain how that ... ( 8 hours ago by lpelina31)
Explain how that will work, Cuz I will. When the middle class gets tax breaks they spend, increasing demand for corporations. Give me ONE example of a business that cut jobs when they saw increased demand, you can't because it doesn't happen. As far as more expensive products, I'll argue that that's already happened according to the CPI, with inflation rising approximately 3-4% every year. Inflation has more to do with the Federal Reserve & FOMC operations than wages. Do your research.
when corporations ... ( 8 hours ago by jsgoodfella)
when corporations have their dividends taxed, it means less investment Less investment means lower salaries, less research and development, and lower dividends for stockholders. My family is middle class and they own stock and I am going to college through that. Lower dividends hurt our finances and more corporate investment means more jobs. When taxes hurt profits, corporations find a way to raise profit margins, even if it means fewer jobs or more expensive products.
Yes, I am for ... ( 7 hours ago by jsgoodfella)
Yes, I am for middle class tax breaks, too, but products such as Toyota cars cost $2000 more due to tariffs.
hey sorry, my ... ( 7 hours ago by lpelina31)
hey sorry, my browser displayed it weird.
I guess where you ... ( 7 hours ago by lpelina31)
I guess where you and I disagree is that youre assuming businesses are going to lose profits due to taxes and in turn try recoup them by cutting jobs. I believe that those lost profits are going to be made up for in full with such a large increase in demand. I know for a fact that businesses traditionally want to expand with respect to demand increases, such as r&d, expansion into other markets, and investments in capital. As far as dividend taxation, that is the consumer tax, not the business.
Sorry let me make ... ( 7 hours ago by lpelina31)
Sorry let me make that last part a little bit clearer, businesses don't have to pay taxes to dole out dividends, only the recipient of the dividends has to.
Yeah man - that's ... ( 4 hours ago by nevous8)
Yeah man - that's why I don't want NDP ruling shit all in Canada.
Cost-push inflation ... ( 4 hours ago by nevous8)
Cost-push inflation is real, even though it is imaginary.
Yeah it's retarded, ... ( 4 hours ago by nevous8)
Yeah it's retarded, he really hates old people I guess.
Yeah, I assume your ... ( 3 hours ago by jsgoodfella)
Yeah, I assume your talking about Democrats, and they dont really know how the economy works and what robbing the rich and giving to welfare means, and those create poverty. What do you think of the free healthcare?
Yeah, well what Im ... ( 3 hours ago by jsgoodfella)
Yeah, well what Im saying is the dividends are taxed, screwing over the recipient. I honestly believe that a large business will take those measures rather than cut profit margins
I have to say that ... ( 3 hours ago by jsgoodfella)
I have to say that you by far are the most intelligent person I have debated this topic with.
Obama's healthcare ... ( 3 hours ago by JackOperaMan)
Obama's healthcare plan is based on sound economic policy, while trickle down economic policies which McCain endorses have gotten us into this mess. Obama has said he would support recent proposals by the centrist "Gang of Ten" that include drilling, if such a law included funding for alternative energy research.
John McCain is not totally healthy - he has had four recent bouts of cancer. Sarah Palin has not been made available to the national press corps. Why? What is she hiding?
jsgoodfella is your ... ( 3 hours ago by nevous8)
jsgoodfella is your question directed at free healthcare for canadians or obamas healthcare? If you are talking about ours, it's not free. Each person pays (or doesn't) depending on the tax bracket. The max you are paying is $600 a year. I think our system is great b/c you pay a little and you get a lot back. The only problem is wait times for non-lethal patients. Which is fine really. As for obama's well i know that he leaves out the baby boomers on the streets in terms of health care.
Elina, dividend ... ( 3 hours ago by qpwoei282)
Elina, dividend taxes are not right. Corporations pay taxes on their net income, which is where the dividends come from. And then the individual receipiant of the dividends also pay taxes on it. It is double taxation and is stupid.
Why the hell would ... ( 59 minutes ago by jbranstetter04)
Why the hell would Obama want to give everyone a $1,000 tax credit to offset their payroll tax? Their payroll tax is for THEIR retirement. So why should people that pay income tax pay for someone Else's retirement? This smells of Socialism to me. Is Obama a closet Socialist?



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