Libby, I can see your reasoning, but the reason the rich are getting richer is not because of tax breaks. One of the best things we could do would be to get rid of all cooperate taxes so that companies want to be here rather than overseas.Quote:
Oh, I think plenty of Democrats protect the rich. I am not a Democrat and I do vote across the aisle. But, generally speaking, it is the Republicans who want to give tax breaks to the rich, and remove consumer protections.
I voted for George Bush, his second term, because I believed we needed a strong military, at that time. But, now, we need someone to help us out of this financial crisis. I don't see any Republican that would be up for that ***. Mitt would be the lesser of the many evils, IMO, but still the conservatives (IMHO) are going in the exact opposite direction that we need to go. We do need to cut gov't, but not on the backs of the poor...not during an economic meltdown (and not ever, IMO). And, we need to stop giving the rich so many tax breaks, to the point where some of them pay no Federal taxes, at all. That's not right. Obama is not my ideal, but at least is kind of moving in the right direction.
That said, the main reason that the rich are getting richer is because of government protections. For example, many sugar farmers are protected. As a result, our sugar farmers are billionaries and the cost to the country is about 28,000 ***s (straight from my economics text) to other countries as candy companies, etc. go over seas.
Immelt (who paid no cooperate taxes) who is the very rich CEO got a ton of stimulus money under Obama and a lot of that money went straight overseas.
One of the biggest scams that has occured recently is that the GOP and the Dem leaders took a bill to Obama to close these "cooperate" loopholes that offer protection to large companies and it was Obama who balked at the bill. The news does not tend to report all the details, but if you read enough papers and keep up on the stuff (I read both liberal and conservative papers)--you start to see what is going on.
Another large scam, Boeing hired 1,000 people in S.C. only to be told by government that they could not open a factory in a non-union state (they are suing, I believe) right now.
One of the most dangerous thing that has happened currently is the banking situation. Frank and Dodd's bill will basically mean the demise of small banks and these big (too big to fail) banks will be all that is left. While it appears to be regulation to save us from these big banks, it is actually going to make them richer.
Next is the whole "cash for clunkers" debacle. While it was billed as saving the car companies that were going under, who it helped the most was the rich--because only the rich can afford to buy brand new cars (and they got to do it with tax payer dollars). Then, all the old cars were junked making used car prices go up.
In every way possible, Obama has given lip-service to the middle cl*** while lining the pockets of the rich. Don't just believe what he says--watch what he does and how it affects the middle cl***. I personally think he is the greatest president for saying what sounds good and then smoozing with the rich and doing just the opposite as he claims. It makes me ill, really.

