“First they ignore you, then they ridicule you, then they fight you, then you win.” – Mahatma Gandhi

Showing posts with label taxes. Show all posts
Showing posts with label taxes. Show all posts

Saturday, June 27, 2009

Time for a revolution.

We're heading back to the days of imperialism if not worse.

Our country was formed to get away from the tyranny that is in the works as I type.

There's a master plan at play and too many Americans are blindly going about their daily lives as the plan is enacted.

Czars that report directly to the President bypassing Congress?
Companies owned and run by the government?
"State run" (ie., government) health care?
The Census.
Now the CRAP and TAX?

The list is much longer than I just popped out. You will wake up and we'll be living in 1984, Soylent Green or some combination of all the books we toss out as "don't want to go there's".

While protests are good and great and I'll be there, we need to be organizing to get the vote out. I know the protests are great ways to energize and engage more people, they're helping to bring attention to causes and hopefully wake up a few of our sleeping Republicans. But we also need to be pounding the streets, handing out information, organizing to go door to door and more.

It is going to take non-politicians to make it happen. It's going to take you and I working our tails off like the organizers of the Tea Party groups are doing (major kudos to all of you!). More Americans HAVE to get involved. More Americans HAVE to wake up.

What is it with these idiot Republicans who voted YES for crap and tax??? Unfortunately, there are many in Washington who sell their souls daily to stay in power. They compromise their principles to appease their voters. I don't know the motivation of the turncoats who sold their countries future in the crap and tax vote. They can dress it up rhetorically any way they want, but the bottom line is they stabbed our free America in the back. One day, if history books are still being freely and truthfully written, their names will be listed in the same column we put Neville Chamberlain, Benedict Arnold and their ilk.

Our Republican politicians need to keep their pants zipped, too. Everyone is human, they fail, but man when a Republican steps over the line it becomes the world's biggest news story. It's a distraction and the press loves it. Can't you guys be good enough long enough to allow us a couple of good elections?

There are a lot of things at play right now. It's the perfect storm as everyone has become fond of saying. Every time one of our Republican politicians steps off the straight and narrow track due to egos, the idiotic thought that they can hide something, letting power mush their judgement, believing the hype or whatever, they poke a hole in our ship. The ship that is already battling the perfect storm.

Too many topics to cover... crap and tax, dallying politicians, vote rigging, protests, America asleep at the wheel.

It's time for a revolution. I'm just not sure if there are sufficient numbers of us out here who are engaged and care enough to make it happen. I hope there are, I hope we can connect and organize. Hope is not a method, but it surely is important! Hope and action combined can work miracles.

Viva la revolution. Let's get it on.

Monday, March 2, 2009

Heritage Foundation: The Obama Tax and Spend Economy is Here

Love the Heritage Foundation, the world isn't right until I've read my Morning Bell. Always have great insights and a clear, consise look at what's going on in our world:

Yesterday, just weeks after they signed their economic stimulus plan, the White House released a statement claiming credit for the reopening of a window and door factory in Chicago, Illinois. Vice President Joe Biden said, “The reopening of this factory and the rehiring of these workers provide an excellent example of how the money in the Recovery Act is targeted to spur job creation quickly.” If the Obama Administration is going to claim credit for every job created since they were elected, then if they are honest, they should also take the blame for every job lost. Since President Barack Obama was elected on November 4, 2008, the Dow has dropped 2,562 points. This past Friday, the Commerce Department reported that the U.S. economy shrank by 6.2%, making it the worst quarter since 1982. Many economists predict that labor data to be released this Friday will show that as many as 700,000 jobs were lost in February.

Breaking Down the Energy Budget

Why has our economic downturn only accelerated since President Obama took office? Because the Obama Administration’s policies amount to a declaration of war on the investors, entrepreneurs and small businesses that make our economy grow. The budget released last week only confirmed the worst fears about the direction the Obama Administration wants to take the country.

Taxes: At a time when only the economists on the White House payroll believe our economy is about to recover, the Obama Administration plans to raise taxes on the American people by almost $2 trillion. The first $1.3 trillion of these taxes are aimed at the highest earning Americans, corporations, and small businesses. According to Heritage Foundation senior analyst Brian Riedl, while the top 20% of taxpayers now pay 80% of all taxes collected by the government, under the Obama plan, the top 20% of tax filers would pay 90% of all taxes, and the number of families who owe no tax would climb to near 50%. Riedl warns: “You can only increase taxes on the rich so much before they stop working, saving and investing, and that reduces economic growth for everybody.”

Then there is the $646 billion tax hike on every American. The Obama Administration euphemistically refers to these taxes as “climate revenues” from their planned carbon capping scheme. But make no mistake: government taxes on energy will be passed on to the consumer. And the deadweight loss from this massive and regressive tax hike doesn’t even include the costs of the invasive new government monitoring of all economic activity necessary to make the plan work.

Spending: Obama’s budget proposes $1.13 trillion in regular discretionary spending for 2010. This is a full 12% increase over the 2009 spending baseline. On top of this the Obama budget increases entitlement spending by another $700 billion. The proposed post-recession spending level of 22% of GDP has been exceeded only 8 times in the post-war era. And these numbers do not include the spending priorities of the unchecked far left in Congress.

The Chicago Tribune reports today “President Barack Obama will break a campaign pledge against congressional earmarks and sign a budget bill laden with millions in lawmakers’ pet projects … Taxpayers for Common Sense, a watchdog group, identified almost 8,600 earmarks totaling $7.7 billion.”

Deficits: The Obama budget claims to cut the deficit in half by 2012, but relies on audaciously optimistic economic forecasts that no one believes in. Adding the “stimulus” bill to a realistic budget baseline yields a projected 2010-2017 cumulative budget deficit of $8.4 trillion – 2.5 times the size of President Bush’s deficits over the same 8-year time period. Before the recession, revenues were 18 percent of GDP and spending was 20 percent. After the recession, President Obama would maintain revenues at 19 percent of GDP, and spending at 22 percent. In other words, all new tax revenues would finance new spending, rather than deficit reduction. President Obama’s structural budget deficit would exceed President Bush’s.

Defending Obama’s budget on Meet the Press this Sunday, Democratic Leadership Council chairman Harold Ford Jr. said, “In November voters said, “We want a different path.” If it doesn’t work, [Obama]’s indicated, “I own this budget. I own this economy.” Exactly.

Monday, February 16, 2009

Live in Colorado? Sign the check!

When President Obama signs his so-called stimulus bill in Denver on Tuesday, his stroke of the pen is equal to each American family signing over a $30-thousand dollar check to the government.

“At a time when tough budgeting decisions are being made around the kitchen table, each family in America will soon be 30-thousand dollars deeper in hock, thanks to this legislation,” says Jon Caldara, President of the free-market think tank, the Independence Institute. “Most of that spending should never happen at all, and much of that money will be spent on pork that won't even taste good.”

WHAT: INDIVIDUALS will sign their names to 4-foot wide checks, made out to the federal government in the amount of $30-thousand dollars.

WHERE: WEST STEPS of the State Capitol.

WHEN: NOON WHO: A coalition of concerned groups and citizens, including
Jon Caldara of Colorado's Independence Institute
U.S. Representative Mike Coffman
Michelle Malkin, nationally-known writer, blogger, and columnist
Former U.S. Congressman Bob Beauprez
numerous other Colorado legislators and dignitaries

WHY: To voice opposition to a government measure that spends more in one bill than has been spent in the entire conflict in Iraq

**Update 2: West steps of State Capitol:

UPDATE: Event details are set. We will begin our press conference at 12:15pm on the West Steps of the State Capitol. Please begin arriving at noon. We have the West Steps until 2pm.

Many speakers have been invited, and we will let you know here when they can confirm.

Confirmed attendees are as follows:
Confirmed attendees:
Former Cong. Bob Beauprez
Michelle Malkin FOX News Contributor and founder of MichelleMalkin.com and HotAir.com
Jim Pfaff, State Director of Americans for Prosperity in Colorado;
several state legislators
Dick Wadhams, Colorado Republican Committee Chairman

Invited Attendees:
Congressman Doug Lamborn
Congressman Mike Coffman

(rec'd via my Team Sarah account)

Saturday, December 20, 2008

How long can we keep paying?

I saw the numbers flash across the screen the other day re: those filing for unemployment. We're cranking out benefits for first-time claims in excess of 550,000 per week right now! First-time claims for unemployment benefits in the week to December 13 was 554,000, the previous week's revised figure was 575,000 per the Labor Department.

Here's another stark statistic: The jobless rate has risen to 6.7 percent. This is the highest rate since October 1993.

I have no idea how much money is being shelled out to cover those benefits. I know the government keeps extending unemployment benefits. Businesses "fund" unemployment benefits through payroll taxes in part. It's administered through the state with the federal government funding the program when unemployment is high and the states can't cover the costs.

It was intended to be a short-term program to help cover basics while the unemployed individual looked for a new job.

Then we have the bailout. Our politicians are tinkering around with billions and billions of our current and future dollars to bail out select businesses.

According to the New York Times the Treasury has now spent the first $350 billion of the bailout (http://www.nytimes.com/2008/12/20/business/20tarp.html).

The states are in trouble and have their hands out. Insurance companies are trying to restructure to meet the bailout requirements. The government just changed the rules of the bailout and opted to throw money at the auto industry. Every time I tune into the news I hear of another business that is laying off people or another business group with their hands out.

I heard on the news that 7% of companies who were matching 401K employee contributions have stopped doing so. Businesses are cutting back. States are considering increasing taxes. Some governments and businesses are going to four-day work-weeks. Companies aren't giving out Christmas bonuses.

I could go on with the doom and gloom, but we're all aware of the state of the economy.

It's almost a vicious cycle, or maybe it's not "almost". I hear the bad news and I decide not to go buy the new car I wanted or to buy some Christmas gifts. I decide not to fly to see my family opting to save the money. You get the idea --- we're all hanging onto our money, just like the banks! The irony is that if we'd go shopping we'd help the economy and maybe stop that vicious cycle.

Sooner or later the government is going to have to shut off the money spigot. There's only so much of our money we can be expected to hand over to take care of companies that made bad decisions. My biggest fear is not that the economy will collapse and that we'll go through another depression, which would be horrible. No, my biggest fear is that Obama, Pelosi and friends will use it as an excuse to move us into a more socialistic society. I fear that more companies will let the government intrude inside their board rooms just to stay afloat. Given my druthers I'd choose bankruptcy and depression over socialism. One is temporary, the other is the ruination of the very foundation that has made America the greatest country in the history of this world.

Saturday, November 1, 2008

Obama thinks I'm selfish...

Obama is saying (broadly speaking) that anyone who doesn't buy into his tax plan is selfish.

I beg to differ. No, I don't beg, I'm telling you Mr. Obama, you are SO wrong.

I give and I give mightily. I spend a lot of time helping local charities and sit on a number of working (and I mean working) Boards. I work my butt off in my business, too. I CHOOSE who I give to though, I don't need you or any government hack telling me who I need to give my hard earned money to. (and yes, I know you're not supposed to end a sentence in a preposition)

I would bet that my percentage of monetary giving makes yours look like a distant star in the universe, too. I don't earn money when I give like you did as a "community organizer". I give because I care and because I want to make the world a little bit better.

I don't want to give my money to people who won't get off their backsides and do an honest days labor. I don't want to support illegal aliens, deadbeat dads and those who bilk the system.

I want my money to go to those who truly can't help themselves and those who need a leg up so they can get back on track.

Do you really think that by taxing the so-called rich (those making over $120,000 was the last number I heard from your campaign) and giving it to those who haven't earned it that you'll be helping the world?

Here's what's going to happen to the "rich" folks who are supporting your government:

1. They're going to stop giving as much to charity.
2. They're going to increase the price of their products.
3. They're going to lay off workers.
4. They're going to cut benefits if it's allowed in your authoritarian government.
5. They're going to stop handing out bonuses and raises.

I'm not selfish. It's people like you who expect the government to do it all who are selfish. You wouldn't roll up your sleeves and do an honest days work to help someone unless it involved a photo op with the media.

I don't mind working and I believe in giving. I just don't believe in giving the government the right to choose where I give the dollars I work hard to earn. I do believe in paying my fair share of taxes to keep this great country working like it should. However, when you and your buddies in the Senate take my tax dollars and waste them, you're getting too much from me.

Maybe Martha Stewart had it partially right when she said we'd all have to learn to budget so we could give your government more taxes. She just needs to turn the phrase around to say that you and the rest of government need to learn to budget so you don't need as much from taxpayers.

Monday, October 27, 2008

McCain-Palin - I can't wait to see them in the White House!

Isn't it going to be great in January when John McCain and Sarah Palin move into the White House? I can't wait for the changes we're going to see!

I know everyone keeps dumping on how minute the earmarks are, but to me they're a big thing. It speaks to the mindset of those we've elected, their ego, their need for power, their need to stay elected and their lack of concern for our hard-earned tax dollars.

I saw a thing today from the Wall Street Journal comparing the tax plans of Barack Obama and John McCain. It spelled out very clearly how much better McCain's plan will be for all, not just the few.

I'm in the process of re-reading Atlas Shrugged by Ayn Rand. I highly recommend it to everyone. I don't agree with everything she puts forth, but I think it is a timely read given what we're hearing from the Obama campaign.

I am hearing more and more enthusiasm for our ticket! Today while scanning through blogs and email messages I saw the news about the W.A.M. '08 group (http://www.wam08.org/ I think). This is a group of thousands and thousands and thousands of Independent, Democrat and Republican groups and individuals working together to get McCain-Palin elected.

Then I received an update from http://www.teamsarah.org/ and saw the huge increases in numbers overnight! It jumped 10,000 in just one day! Impressive don't you think?

And then I saw the post by one of my fellow bloggers about the http://www.catholicvote.org/ (or .com?) group that is over a million strong. Pro-LIFE, which should mean pro-McCain-Palin.

There are many, many people who are working hard, doing things that aren't making it into the mainstream media. We can do this friends, we can and will win on Nov. 4th! Start thinking about all the great things the future holds for us with Sarah Palin out there working to make us oil independent! She's going to be a superb advocate for our special needs children, too.

Palin and McCain are going to be able to make great strides in Washington to clean up the rabble. I think they'll probably be fighting a Democrat Congress, but in two years if we keep working we can hand them enough votes to work miracles during the last two years of this term.

I noted that Priests for Life (Catholic group) is asking members to pray every night for the right choice on Nov. 4th (or something like that). I think all Christians and those of any praying faith should be joining them in sending up prayers for wisdom for voters.

Loved the slogan I heard shouted out today at a Palin rally: Use your brain, vote McCain! Catchy.

Wednesday, October 15, 2008

Obama's Tax Plan

Aside from Obama's statement, umm I mean promise, to give everyone a tax cut (which means 40% of the people get a check since they don't pay taxes), there is this issue of taking away the Bush tax cuts. (One hand gives while the other takes)

I'll have to admit I haven't really payed that much attention to the details as it isn't going to affect my vote. However, I have friends who it will impact heavily and they are very, very concerned.

I was talking to a friend Monday who's husband has a partnership. The company, on the books, makes over Obama's $250,000 line. However, they invest a large chunk back in the business AND it's split between two families. They've looked at the plan and they figure it will put them out of business. With the economy being like it is at the moment, the two owners have already substantially cut back their own salaries in order to keep all of their employees. There is light on the horizon for this successful business... as long as Obama doesn't enact his business stopping plans.

I have a small business but not one that should be directly affected by the Obama's tax plans. Indirectly it stands to kill our business. We depend on advertisers to pay the bills. We're doing fine right now, even with the economic crisis. However, as businesses cut back funding for things like advertising will be heavily decreased.

I was listening to a financial program this morning. They were discussing McCain and Obama's plans. One thing I found very interesting is that Obama's advisers are from think tanks, colleges, and they're academics. McCain's advisers are CEO's and business types.

Guess who I want advising our President? It sure isn't someone who's never run a business, dealt with a payroll or had to make decisions that affect their bottom line.

I used to work for a large company, quasi-government. It was a cush job. Being a work-aholic with drive and a need to please, I worked my butt off and rose fairly fast in the ranks. However, while I had to hire and fire, deal with budgets and the bottom line of my area of responsibility, I really didn't see the big picture. I had a nice salary, a 401K plan, retirement, medical (cheap, too), a free physical every year, parking, a nice corner office, a cafeteria that sold at a discount to employees, and we even had a gym! Nice job.

If you'd asked about my political leanings I probably would have said I was Independent, maybe Democrat. Until I left and started my own business.

My eyes were opened quickly to the meaning of self reliance, self responsibility and how some of those policies I had supported in the past affected every-day life. Within the first year I sought out the local Republican Party and have never looked back. The more I stood for myself and wasn't coddled the stronger I felt about our country, free market values and the need for people to stand up for what is right.

It's easy to be sucked into lib-land if you work for big companies. It's me-me-me. Give me more pay, give me more benefits, give me a bigger office, give me more supplies, workers, etc., etc. It's hard to articulate the difference between a job where you're not providing for others and one where you are responsible for everything.

I heard a survey earlier today that said something like 80 plus percent of business owners feared a win by Obama.

If you think it's bad now, wait until the Democrats control Congress and the White House. I think we're already on the road to socialism, especially with all that is going on in regards to nationalizing banks, etc. President Bush says it's short term, but does anyone believe it will be short term if Obama takes over? They will blame Bush, then extend things until it's too late for us to turn back. I have a hard time believing that President Bush could be so naive. If Obama wins on November 4th they better back off before January 1 or it'll never change.

Tuesday, October 14, 2008

John McCain Speech, Blue Bell, PA -- Fantastic!

I just finished listening to John McCain give the following speech. It was phenomenal! Wow! It loses some of the impact when reading it rather than hearing it, but he really did a great job and I loved the ending!!! Let's FIGHT for our country! (I'll see if I can get a YouTube video for you)

Here's the speech:

Thank you all very much. I appreciate the warm welcome to Pennsylvania, and the hospitality of Montgomery County Community College.

Tomorrow will be the third and final presidential debate, and just 21 days remain until Americans choose their next president. Over the last 21 days, we have seen once-sturdy Wall Street institutions vanish, we have seen huge swings in the market both down and up, and we have seen new federal commitments in the hundreds of billions of dollars. We have seen how suddenly a crisis can unfold these last several weeks, and how great the costs can be in jobs, savings, lost opportunities and taxpayer dollars. What we need to see now is swift and bold action to lead this country in a new direction.

If I am elected president, I will help to create jobs for Americans in the most effective way a president can do this -- with tax cuts that are directed specifically to create jobs, and protect your life savings. I will stand up to the corrupt ways of Washington, the wasteful spending and the abuses of power and I will end these abuses, whatever it takes. I will lead reforms to help families keep their homes, and retirees to keep their savings, and college students to pay their tuition, and every citizen to afford health care, and America to reclaim its energy independence.

These will be my priorities. We cannot spend the next four years as we have spent much of the last eight: waiting for our luck to change. The hour is late and our troubles are getting worse. We have to act immediately. We have to change direction now. We have to fight.

That is what I will do in my term as president, and when I leave office I can promise you that this nation will not be on the same path it is today. I will not play along with the same Washington games and gimmicks that got us into this terrible mess in the first place. I am going to Washington to fight for you.

I will begin by making certain that the 700 billion dollars already committed to economic recovery is not used to further enrich the very people and institutions that invited these troubles with their own reckless conduct. Instead of just propping up institutions deemed "too big to fail" in this crisis, we will use more of this public money to help businesses and homeowners that may be too small to survive.

This financial crisis started with our housing crisis, and we cannot fix our markets and the economy until we fix the housing crisis. My plan will protect the value of your home and get it rising again by buying up bad mortgages and refinancing them so if your neighbor defaults he doesn't bring down the value of your house with him. I will direct the government to refinance troubled mortgages for homeowners and replace them with mortgages they can afford. This is what we did during the Great Depression and we can do it again. Helping families who face default, foreclosure, and possible bankruptcy helps all homeowners, and will begin the process of recovery from this crisis. With so much on the line, the moment requires that government act -- and as president I intend to act, quickly and decisively.

When the government does provide funds to shore up companies, the terms will be demanding, there will be complete transparency and the safety net for our financial system will not become a golden parachute for failed executives. Moreover, we will not merely inject billions of dollars into companies and walk away hoping for the best. We will require that those companies be reformed and restructured until they are sound assets again, and can be sold at no loss -- or perhaps even a profit -- to the taxpayers of America.

And when that is accomplished, in each instance, government will relinquish its interest in these private companies. We're going to get government out of the business of bailouts and equity stakes, and back in the business of responsible regulation. We will learn from this crisis to prevent the next one, with much stricter oversight. No more wild overleveraging, no more liabilities concealed from the public and from shareholders, no more bundling of assets to maximize profit by assuming insane risks. Those days are over on Wall Street. With new rules of public disclosure and accounting, my reforms will make certain these betrayals of shareholders and the public trust are never repeated.

We must restore trust to our financial system. On my orders, the Department of the Treasury will guarantee one hundred percent of all savings accounts for a period of six months. This will calm the understandable fears of widespread bank failure, while also restoring rational judgment to the choices of the market.

As president, I will also act to protect investors -- especially those relying on their investments for retirement. Current rules mandate that investors must begin to sell off their IRAs and 401Ks when they reach age 70 and one half years old. Those rules should be suspended to spare senior citizens from being forced to sell their stock just as the market is hurting the most. Under the emergency measure I propose, we will also cut the tax rate for withdrawals from tax-preferred retirement accounts to ten percent. Retirees have suffered enough and need relief, and the surest relief is to let them keep more of their own savings.

It is essential that we avoid an exodus of capital from the market. Senator Obama yesterday offered up a proposal that would have the effect of encouraging early withdrawal of funds from 401(k) accounts, by suspending penalties through 2009. This is an invitation to capital flight, and therefore to continued instability in the market, at a moment when exactly the opposite is needed. Any family that takes part in this will not see the benefits of the market recovery that smart policy can help bring about. In my administration, we will instead revive the market by attracting new investment. I will cut in half the capital gains tax on stocks purchased and held for more than a year -- from a rate of 15 to 7.5 percent. This vital measure will promote buying, raise asset values, help companies and shore up the pension plans for workers and retirees.

We should also not penalize Americans who are forced to sell investments in today's tough markets. I will increase the amount of capital losses from $3,000 to $15,000, which can be deducted from your ordinary income in tax years 2008 and 2009. So much of this decline in our markets and value destruction was due to the failure of Congress and the Administration to come out with a timely rescue package. Investors are always responsible for their investment decisions, but the hard earned savings of Americans should not be penalized by the erratic behavior of politicians.

It will not be enough for the federal government to correct the excesses of Wall Street without reforming its own reckless practices.

Spending in Washington is out of control and I am going to rein it in. As president, I will veto the pork barrel special interest projects that are wasting your tax dollars, driving up our debt, and weakening our dollar. I have proposed a one year spending freeze with certain exceptions for such things as defense and veteran care. We are going to use that year to turn Washington inside out and get rid of wasteful, inefficient programs that do no one any good.

While we put government back on your side, we must reform our tax system to deliver needed tax relief to working Americans, and to create jobs. I will double the child deduction, from 3,500 dollars to 7,000 dollars. Every person in America who chooses it will receive a 5,000 dollars towards the purchase of health insurance -- health plans that will be theirs to keep, even if they change jobs or move to another state. And we will reduce the federal business tax rate from 35 percent -- the second-highest in the world -- to 25 percent. I am also proposing today that for those who are between jobs, we eliminate all taxes on unemployment benefits. It is unclear to me why the government taxes money it has just sent you, and we should relieve this burden from Americans who've been hit the hardest.

Reducing business tax rates has the potential to stop and reverse the rise of unemployment, and could create millions of new jobs. Despite the frequent changes to my opponent's tax plans in recent months -- he seems to revise them with each new poll -- his plan to raise taxes on 50% of small business income has survived. And even as he rails against companies that shut down their plants and move overseas, he refuses to cut the tax rate that drives many of these companies away.

A typical middle-class family of four making 42,000 dollars a year with health insurance will get 4,350 more dollars under my plan than they would under Senator Obama's plan. That example of 42,000 a year in wages is especially relevant, because just last year Senator Obama voted to raise taxes on individuals making that amount.

Senator Obama is also the same fellow who requested a million dollars a day in pork barrel earmarks ... who thinks that wasting 18 billion dollars a year in earmarks is not worth worrying about, who proposed a near doubling of the taxes on dividends and capital gains during the primary, who has voted 94 times for tax increases or against tax cuts, who is promising almost a trillion dollars in new spending, who came to the Senate a few years ago and already earned the title of its most liberal member -- this is the man who now presents himself as a tax cutter and champion of middle-class America.

He is an eloquent speaker, but even he can't turn a record of supporting higher taxes into a credible promise to cut taxes. What he promises today is the opposite of what he has done his entire career. Perhaps never before in history have the American people been asked to risk so much based on so little.

You can look at the record of what he's done or you can just go with your gut, but either way you're left with the same conclusion: Senator Obama is going to raise your taxes. And in this economy, raising taxes is the surest way to turn a recession into a depression.

Senator Obama also promises to restrict international trade and risk access to foreign markets for American goods and services. The last President to raise taxes and restrict trade in a bad economy was Herbert Hoover. That didn't turn out to well. They say those who fail to learn the lessons of history are doomed to repeat them. Well, I know my history lessons, and I sure won't make the mistakes Senator Obama will. And were my opponent elected with a Democratic Congress in power, not only would there be no check on my opponent's reckless economic policies, there would be considerable pressure on him to tax and spend even more.

This weekend, a plumber concerned that Senator Obama was going to raise his taxes asked him directly about his plan. The response was telling. Senator Obama explained to him that he was going to raise his taxes to quote "spread the wealth around." This explains how Senator Obama can promise an income tax cut for millions who aren't even paying income taxes right now. My friends, my plan isn't intended to force small businesses to cut jobs to pay higher taxes so we can "spread the wealth around." My plan is intended to create jobs and increase the wealth of all Americans.

My plan for economic recovery does not require guesswork or blind faith from the American people. You know my record. You don't have to hope I will do what I promise. When I say I will cut spending, you need only look at my record to know it's true. When I say I will defend taxpayers, you know it's true because it's what I've always done. When I say I will work across the aisle, you can see it in the results I've delivered.

And when I say I will change Washington, you know I'll do it, because for me change isn't a political slogan, it's what I've been doing my whole career.

I know you're worried. America is a great country, but we are at a moment of national crisis that will determine our future. Will we continue to lead the world's economies or will we be overtaken? Will the world become safer or more dangerous? Will our military remain the strongest in the world? Will our children and grandchildren's future be brighter than ours?

My answer to you is yes. Yes, we will lead. Yes, we will prosper. Yes, we will be safer. Yes, we will pass on to our children a stronger, better country. But we must be prepared to act swiftly, boldly, with courage and wisdom.

I know what fear feels like. It's a thief in the night who robs your strength.

I know what hopelessness feels like. It's an enemy who defeats your will.

I felt those things once before. I will never let them in again. I'm an American. And I choose to fight.

Don't give up hope. Be strong. Have courage. And fight.

Fight for a new direction for our country.

Fight for what's right for America.

Fight to clean up the mess of corruption, infighting and selfishness in Washington.

Fight to get our economy out of the ditch and back in the lead.

Fight for the ideals and character of a free people.

Fight for our children's future.

Fight for justice and opportunity for all.

Stand up to defend our country from its enemies.

Stand up, stand up, stand up and fight. America is worth fighting for. Nothing is inevitable here.

We never give up. We never quit. We never hide from history. We make history.

Now, let's go win this election and get this country moving again.