Aug 02 2008
“The One” Is Really One Tough Ad
This has to be one of the best political ads I have seen. The mocking of “The One” and his inflated ego is clearly one way to wake America up to this media stunt the Democrats call a ‘campaign’.
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Update: The above ad is all the more ridiculous when seen in the light of Obama’s Emergency Economic Plan:
It’s shocking that a mainstream candidate, with so many supposedly well-regarded economists advising him, would produce such a shoddy, poorly thought-out plan.
Take his proposal to send every family a check for $1,000. Don’t worry, he assures us, we won’t have to pay for it. “Windfall profits from Big Oil” will pick up the tab — in this case.
Ugh. All of what Exxon earns comes from the gas pump somehow or another – so clearly I am paying for this gimmick.  What people need to know is Exxon pays more in taxes than half the taxpayers in the country:
As economist Mark Perry has noted, Exxon Mobil will pay more taxes this year to the U.S. Treasury than the bottom 50% of all taxpayers — combined.
I did not realize the corporate taxes were so much of the tax revenues, but I am not surprised. Most of the taxes are hidden from us. Â Does Obama have such a low opinion of Americans he thinks we still believe there is such a thing as Free Money? Give me a break!
Great ad but the ending should be: ” Barrack may THINK he is the one, but he has proven by his actions that he is not ready to lead”
Not Barrack may be the one, but is he ready to lead?
You’re kidding, right? Of course they believe there is such a thing as free money. His constituents, that is. The ones who will vote for him.
DHunter,
Yeah, I thought the ending was a bit weak, but it makes the point well.
Sue,
Yeah, but they know we are laughing at them and we are right. That will burst his image bubble and deflate his followers. No one likes to be made to look foolish, and right now Obama is making his groupies look really foolish. And they know it.
AJ,
Senator Obama’s ‘windfall profits tax’ on BIG OIL would be a very regressive tax on the American taxpayer base.
Obama should think this through, eh…
The breadwinner(s) of the vast majority of American families drive to work or use public transportation. The cost of fuel directly affects the cost of transportation.
So, Senator Obama recommends imposing a fuel tax to fund fuel expenses. BIG OIL will simply raise the price of fuel to cover the tax. Thus, if the average American family receives $1,000 from a BIG OIL tax they will pay it to BIG OIL at the pump.
So, if I make $30/hour and I drive 15,000 miles a year in a car that gets 30mpg I will spend $2,000 on fuel at today’s prices. I will assume that a chap making $8/hour drives about the same distance. He too will pay about $2,000 on fuel. This is at $4 a gallon. I work 50 hours/year to pay for my fuel. The young chap works 250 hours for the same amount of fuel.
Now, President Obama wants to send everybody $1,000 bucks via a tax on BIG OIL that will be paid by the consumers of the product BIG OIL produces. I will work an additional 25 hours, the other will need to work an additional 125 hours. And, gasoline will cost $6/gallon.
How does that help the fuel consumer???
Look, the government should just nationalize Exxon and fold the profits into our everyday budget, then Obama will be happy they are making such great profits. He needs to take a page from Putin and Chavez, their economies are thriving, right?
Perry’s article is misleading, and that quote you have is completely untrue. Exxon did not pay $27 million “to the U.S. Treasury” – they in fact only paid between $5-10 million. (Hint – not all of Exxon’s “taxes” are paid to this country.)
And no, though I am an Obama supporter, I am not in favor of windfall taxes.
I remember the windfall profit tax that Carter passed, what a flop that was.
The Russians passed a tax like that on their oil companies. They had to pay a 90% tax on oil over $80 a barrel. Of course production declined for obvious reasons. So this year they decided to get rid of the tax, only problem is it will take a couple of years to gear up production again.
breschau:
You do not know what you are talking about. For one thing it is not millions, it is billions, for another thing they paid more in taxes than they made in profit, because the tax is on the gross.
Exxon paid $30 billion in federal taxes in 2007. Back when Carter tried that whole windfall tax thing he overlooked the fact that the foreign oil producers do not pay those taxes, therefor they had an unfair advantage. Domestic oil production declined and foreign imports increased.
I keep hearing Obama and his friends bitch and moan about keeping jobs here in America instead of letting foreigners do the work. Well, how about keeping this industry as much in America as possible. Exxon is not Saudi Arabia or Hugo Chavez.