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$1,000 for your vote!!!!
Do you remember when George McGovern ran for President against Richard Nixon in 1972 he promised to give every American $2,000? Talk about pandering and having the taxpayer pay for what amounts to campaign financing. (This would have increased federal spending by about 50% for this plan alone……..no wonder he was 100% behind having Senator Eagleton on the ticket as V.P. originally before he fired him……..Wiki Eagleton if you want in on this bit of humor :)
Well now we have it again with Hillary offering to set up everyone a 401-K with the Government kicking in $1,000 per plan. Gee thanks, just write me the check and forget the bureaucratic costs. Lets see, you have had the Republicans saying (along with myself on a few NSL posts) that private retirement accounts are the only solution for solving the Baby Boomer retirement equation.
I think this proposal is a defacto admission that no form of modification (short of changing the retirement age to death + 1 year) of the Social Security System will keep the program solvent. But wait………..now we have them also proposing a system that basically turns the money that employers and workers put in retirement savings over to those nasty Wall Street boys, and get this, along with taxpayer money as well. I wonder if Harry Reid will immediately jump on this and accuse her of having retirement savers put their money in a “risky” stock market scheme like he accused Republicans of when proposing private accounts. (you don’t think that the 401-K managers will simply purchase Treasury Bills do you?)
Now here is the sweetest part of all. She is talking about financing this through a modification on the Estate Tax laws and according to her statement at a campaign stop in small–town central Iowa she is going to tax Estates over $7,000,000 to fund this program and again according to her own statement that from each estate exceeding $7,000,000 5,000 families would get the matching funds of $1,000 (i.e. $5,000,000). Wow, that sounds generous of her…….and to think she can do all this with only taxing estates at the rate of 71.4%. Although she didn’t admit it out loud you can see that if a single estate of $7,000,001 would fund $5,000,000 (5/7 = .714 - that is 5,000 families at $1,000 per family) you end up with a confiscatory estate tax rate of 71.4% at the Federal level alone plus what ever the state accesses.
I wonder if this proposal will last any longer than last month’s little bit of pandering where she stated at an address to the Congressional Black Caucus that she wanted to give every child born a $5,000 baby shower gift from Uncle Sam which could be used to pay towards college or a first home. Her office claims that she has now given up on that proposal, but not until after (I am sure) it obtained its desired impact on impoverished and black communities relative to their support for her candidacy.
I am sure she took pains to calculate at what threshold she could put the Estate Exemption (less than $7,000,000) so as not to disturb or rattle the majority of Iowa farmers that have land values not exceeding that amount with those exceeding being a small percentage. For additional information on this latest and greatest from the geniuses in the Clinton camp, check HERE.
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11 Responses to “$1,000 for your vote!!!!”
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hi there Steve..can she beeeeeeeee any more obvious!..spit!
Hi Angel, ……….don’t know how she continues to flip flop and pander and her base keeps widening. Maybe it is because of the proposed giveaways (5,000 for education or house & 1,000 401-k) that people keep closing their eyes………..steve
“you don’t think that the 401-K managers will simply purchase Treasury Bills do you?”
BEEP BEEP BEEP - irony red alert (pun intended)
“can she beeeeeeeee any more obvious”
Well, she could just come right out with “from each according to thier abilities, to each according to thier needs”, but that might not be suitably subtle enough.
Plodon……….You are right….she is some piece of work…..steve
you break this down very tightly, but i wonder if people think about these things before they enter the booth. i am hearing alot of support for her inspite of creative math, pandering and plausibile deniability.
i wonder if egos can be put aside for a clinton/obama ticket? do you think that the gop will be able to stand against a “rock star” and a creative “genius”? i am not trying to be funny or sarcastic, just throwing it out there becasue the average person probably does not parse info the way that you and the nsl readers do for a decision in 08
Matt………..That is exactly the point, not only do I not believe that people will consider all this (contradictions, flip flops and outright lies) when they enter the booth but that Hillary is depending on it and that it is affirmatively part of her matrix. She has no intention of this proposal actually becoming law, she would need 60% in the Senate to pass it. It will probably be off the table by the General Election as well (just like the $5K baby gift for retirement or 1st home).
The Clinton/Obama ticket would be a formidable opponent and I don’t know if the GOP could prevail against it but sheesh…………I don’t see any qualifications in the combined bunch. But she could get to the point where she feels untouchable and then make the big gaffe that chokes her………steve
And yet she still won’t support privatizing social security.
Hi John, Yeah……..if speculating in Wall Street is a Risky Republican SCHEME why would she support putting tax dollars in the same place. This party will insure that the retirement conundrum will never be solved so they have a hot issues for the ignorant mass for many many election cycles……….steve
Hi Steve
I’ve noticed that many are voting for Hillary only because she is a woman. It should not go unnoticed that there’s a lot of silence when asked one thing she has done that makes her qualified to be President.
No matter what she promises in order to get elected, I’m still not convinced she will win no matter how much the media demands it.
She’s plain and simple not a leader. I would hate to depend on her leadership skills in a time of real crisis and a time of real crisis is at the doorstep.
If she does win the election then the US people will get exactly what they deserve for electing such a hateful, scheming shrew.
Lord Crimson
LC…….Your comment about her not being a leader is absolutely true. I am subject to being charged with being partisan, but with every bone of my body I believe that she is a follower not a leader and that none of the real problems facing the country will be broached by her unless the outside pressure forces her that way. I also believe that organizations like Move On will be her primary think tank, especially in a 2nd term…………steve
steve, and other readers…
one point that i need clarification on is, what issues do you think will be discussed moving forward that are constitutional? personally, the thought of passing out checks sounds good, but will be a disaster in the real world. however, is this constitutional?
i was in a polite but active conversation with some far-left leaning people on how they felt that not taking care of the growing mass of low and low-to-mid income earners whom are obliged to choose between food and meds. my point was that the constitution does not grant “insurance” or standard of living assesments in its body. protection of life, liberty and persuits is though. the old “guns v. butter” that gets me called greedy, insensitive, protectionist and un-christlike, without ansering a simple question… are these things constitutional?
Matt………I think the hand out mentality might be constitution although I am not sure it would measure up on the “equal protection” plank (but some would say that equality in this case would be based on outcomes which I would dispute………I would say it deals with availability of resources and opportunities and assistance where it promotes the “common good.” But there are those that would say that the common good is defined by everybody having the right to their own choices yet can rely on their neighbor if it was the wrong choice even if it was the most comfortable at the time.)
There are two groups of people in this country that reliably have health insurance. The very rich and the very poor. I think that is what Medicaid and state laws requiring hospitals to treat patients. Every time I get a hospital bill it states that if you can’t afford it to fill out the back and they will reduce it or write if off and they do….
But you are right that there is no Constitutional guarantee to healthcare, but it is the way the left will manipulate the dialogue to make you feel guilty. Just think how well off the country would be if the portion of the poor that are there because of their own actions and copouts were actually contributors to society. How much better would we be able to serve the truly innocent needy………….steve
This might surprise you, but Whoopi finally said something that made sense
http://totaltransformation.wordpress.com/2007/10/10/well-good-for-you-whoopi/
John……..just connected to the video from Woopie. Wow, good for her. Thanks for the heads up. Here is a direct link to the video……..
http://www.liveleak.com/view?i=dd0_1192025762
…………steve
So, what’s new? Hillary is speaking out of both sides of her mouth again. She’ll continue to do it, until or unless somebody really does a smackdown with her. As to voting for her because she is a woman, I’m not sure that’s enough - I know many women who can’t stand her, regardless of their political affiliation. I suppose we’ll see. A Bama & Hil ticket? Interesting thought, but I think their wives might over ride it.
WC
WC………….Good point………If algore gets the Nobel Peace Prize Friday I think that puts him back in play and then it gets interesting come convention time. That will empower Obama as kingmaker I believe (if it happens)……..steve
Puts him back in what play that he’s not already in?
Gore will not get in any Democrats way (especially Hillarys) nor will he use the Peace prize as a political football. He’s not cut from the same cloth as your boys Thompson & Rudy.
& how about that Fred Thompson everyone has been clamoring to see jump in because he’s so amazing? What a joke!
A better mystery than reality huh…
M2……sorry, this guy is cut deeply from the cloth that you refer too and I think you will see an uptick in the Gore candidacy talk now that the question has moved from speculation to fact on Gore’s award. I’ve pretty much lost all respect for the Nobel committee anyway. Just glad that the Nobel Prize for Economics isn’t a Nobel Prize at all anyway……..steve
Nah… Lets watch.
Thanks for the comparison to McGovern. I hope she fares as well as McGovern!
Bob yeah……….seems like the Democrats like to re-visit the scene of the crime occasionally….steve