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The Honest Version of Obama’s Stump Speech


Usually, only the youthful first-timers actually believe a candidate’s campaign rhetoric. Last time it seems great swaths of the population, even graying old righties, were willing to suspend disbelief in trade for hope. Here’s the first half of the campaign speech Barry should have used if he meant to honor the faith so many placed in him:

”As we approach Election Day, the American people should not waste the crisis we find ourselves in.

“Consequently, if elected, I promise to get us over the Bush financial meltdown with a stimulus program that will borrow $787 billion - which, of course, will add to the already sizable budget deficit (nearly $500 billion) projected in the Bush administration's last budget.

“By March of next year, my new $3.6 trillion budget will include a spending bill with more than 8,500 budget earmarks to target in-need constituents.

“In addition to the stimulus/borrowing plan, I intend to devote $634 billion to fund a new supplementary national health-care system. But that is not all. Unfortunately, the initial Bush bank bailout of some $700 billion also may well have to be augmented by an additional $750 billion.

“Although my new spending proposals may raise the federal deficit in my first year to $1.75 trillion, I promise the American people that by the end of my first term, I will halve the federal deficit - albeit adding another $3 trillion to $5 trillion to the national debt.

”Those savings can be accomplished by upping the federal income tax to about 40 percent on those rich 5 percent of Americans who currently pay only 60 percent of our aggregate income taxes - as well as lifting Social Security caps on their payroll taxes and cutting out many of their tax deductions.

”With state income taxes, federal income tax, Social Security and payroll taxes, along with new cutbacks in deductions, some of these rich will pay over 60 percent of their incomes in taxes. That is not an unreasonable rate in comparison with past levels - or the fact that well over 40 percent of Americans do not make enough to pay any federal income taxes.

The second half is worth a look, too.

I expect even with the plain, Honest Abe version of his stump speech, Barry would still have won over 40 million votes. People without grounding in economics don’t seem to care about deficits and debts as long as they hear the right promises. The continuation of Bush’s policies regarding homeland security, like the PATRIOT Act, would have been—are—seen in a different light with a kinder, gentler face is issuing the orders to violate human rights.

H/T: Maggie’s Farm