Hopefully President Obama Will Break A Few Campaign Promises

ugh I did not vote for President Barack Obama, Ibusiness owner, I have a hand's on understanding of
wish him well and I hope that he is as successful asthis scenario.
President Bill Clinton. If Obama governs as a centristBusinesses will do what is possible to bring the same
as Bill Clinton did, he should not have any problemamount of after-tax profits they have seen
getting a second term. But if he chooses to governpreviously. Especially when the business is a sole
to the left, he will have a troublesome and short fourproprietorship like mine, our profits become our
years as Jimmy Carter once had.incomes. So, if I need $70,000 per year to sustain
Why John McCain Failed...my lifestyle, I will find ways to increase my business
John McCain failed in his quest for the presidency forback to the level I need to be at to sustain my
a number of reasons, but primarily because he couldstandard of living.
not or would not explain the underlying problems withTaxing my profits only ensures that I must earn
Obama's economic policies.more money, so that I can maintain my standard of
Perhaps he could not explain the problems ofliving. Laying off people is not an acceptable option,
Obama's campaign promises regarding the economy,because fewer staff will ensure a shrinking ability to
because he did not understand them himself. Perhapsearn the money I need to keep my standard of
the problems simply could not be explained in a soundliving.
bite.Since I am not willing to lower my standard of living
But I believe that John McCain failed in his quest forand laying off people is not an option, I will have to
the White House, because he would not acceptfind other ways to make the difference. The only
advice from the faithful who were not part of hisway that I am going to be able to maintain my
internal campaign team. Perhaps his people shieldedbusiness is to increase my prices. And so long as the
him from outside input.consumer feels that my products and services are
My wife says that the McCain team probably thoughtnecessities in their lives, my customers will pay the
of me as a stalker in the wild. I had sent explanationshigher prices.
of the problems of Obama's economic plans severalHow This Affects You...
times, but it would seem that my help never escapedThe bakery company will not cut its profits or lay off
the email box. ;-)people; instead, it will increase the price of a loaf of
Great presidents of years past were great becausebread.
they surrounded themselves with really smart people.The lumber store will not cut its profits or lay off
The measure of a great president - be it Bill Clinton,people; instead, it will increase the cost of lumber.
Ronald Reagan, John F. Kennedy, Franklin D.The oil companies will not reduce its profits or lay off
Roosevelt and others - can be succinctly describedpeople; instead it will increase the cost of gasoline.
by their ability to find and get people who bestAll in all, the prices of all products and services will
understood the needs of the nation and how toincrease to reflect the new tax environment.
solve those problems faced by average Americans.As prices eventually increased to reflect higher fuel
In the end, the American people were worried aboutprices during the summer of 2008, so will all prices
the economy, and yet, John McCain could not showincrease to reflect higher business taxes and the
us why his approach to the economy would beincreasing prices of all raw materials, due to higher
better than Barack Obamas. That is why he lost hisbusiness taxes. Increasing prices for any reason will
bid for the White House.increase the rate of inflation for everything in the
What Is In It For Me?United States.
Barack Obama understood something else that JohnAmazingly, the 42% who did not pay taxes under
McCain seemingly could not. President-elect ObamaGeorge Bush will now be paying the new taxes on
understood that people vote on the premise of whateverything they buy. And you will pay those taxes,
is in the deal for them.because you cannot stop eating or buying goods and
A tax cut for 95% of Americans and a tax increaseservices.
for the richest Americans is something thatWhereas 42% of Americans do not pay taxes now,
resonated for many people.all Americans will soon be paying for Obama's "new
So long as the tax payer thinks that they will gaintaxes on the rich".
more than they lose, they are frequently happy toMaybe that check that Obama will send the 42%
hear promises of this type.who do not pay taxes now will offset the increase in
This is where the McCain campaign failed tothe cost of living - maybe it will not.
understand the marketing of a politician. Jumping upWill Obama's Economic Policies Reflect A Net-Gain Or
and screaming about how the 42% who do not payA Net-Loss?
taxes now will receive a check from Obama, as ifIf the tax cut for the middle-income and the checks
that were a bad thing, alienated the 42% who dofor the lower-income families are greater than the
not pay taxes. To argue that this was the equivalentincreased cost of goods and services, then this plan
of "welfare" was to stomp on the hopes and dreamswill be a net-gain for all middle- and lower-income
of 42% of the electorate.families home finances.
To have told the story to the American people in aIf the tax cut fails to add enough money to the
way that could have swayed the electorate tobudgets of families to offset the increased cost of
McCain would have been to explain the underlyinggoods and services, then the American people's
economy of Obama's plan. But John McCain could notpersonal finances will experience a net-loss.
or would not do so.It is all about standard of living. Will you in four years
The rich voted on principles different than thehave a better standard of living under Obama's tax
economy, because the rich understand what I amcuts? Or, will you find that the increased cost of
getting ready to show you now.products and services have eaten away the benefit
Shifting The Tax Burden To Businessthat you received from Obama under his tax cut for
Under the basic structure of Obama's tax plan, he is95% of American taxpayers?
going to eliminate most taxes paid by those whoIn Conclusion...
work for a living. On the surface, that seems like anI am not very optimistic about middle- to
awesome plan. Even I would benefit from lowerlower-income families finding a net-gain under
taxes under Obama's plans.Obama's tax plans... But, I hope that I am wrong.
But here is the problem...Many pundits suggest that Barack Obama will not be
The Republicans utterly failed to tell us this story, soable to keep all of his campaign promises, and it is still
that most of us could understand the fallacy of thismy hope that in four years we will be able to look
plan.back to see that Obama's tax plan was one of the
Higher taxes for business will not eliminate jobspromises that Obama did not keep.
directly, as described by the Republican brand! As a