Senator Obama: ready to tax and spend, but not ready to lead.

The Obama File

America is facing a financial crisis: the economy is slowing to a halt, unemployment is rising and home values are plummeting.

What is Senator Obama's solution? He wants to take more of your money!

The Facts:

• Joe the Plumber wants to buy the company he works for, but purchasing it would make him a target of Barack Obama's plan to tax the "wealthy." When Joe raised questions to Barack Obama about the plan, Senator Obama told him that it was important to "spread the wealth around."
• Senator Obama received a lifetime rating of 22% from Citizens Against Government Waste, and he was named "the most liberal Senator" by National Journal.
• Senator Obama's health care plan is full of massive mandates and tax increases.
  To pay for his massive spending increases, Senator Obama proposes "higher taxes on income" and he will "raise the cap on the payroll tax."[1]
• Senator Obama's health care plan "will create a brand new government-run health plan at the cost of $243 billion a year - a financial burden of more than $3,000 a year on American families."[2]
• In addition to his other proposed tax hikes, Senator Obama has even called for "higher Social Security taxes."[3]
• One newspaper has even warned that Obama's higher-tax plan is a "recipe for economic disaster."[4]

The Bottom Line:

Why would Senator Obama want to raise taxes during an economic slowdown? His big government spending and tax increases prove he lacks the judgment and experience to make important economic decisions.

Senator Obama: ready to tax and spend, but not ready to lead.

[1] Sen. Barack Obama, Remarks at a Campaign Event, New Albany, IN, 4/23/08; U.S. News & World Report, 2/13/08

[2] Roger Feldman et al, "Impact of Barack Obama 2008 Health Reform Proposal," HIS Network, LLC., 8/21/08

[3] U.S. News & World Report, 2/13/08

[4] Las Vegas Review-Journal, 9/20/07