Excerpted from Politico with my comments italicized.
In an interview in conjunction with his big economic speech in New York, Senator Obama tells CNBC’s Maria Bartiromo he favors increasing the capital-gains tax rate. Bartiromo reported after her interview: “Right now, as you know, the cap gains tax is at 15 percent. He has yet to give us a specific number. How high he wants that number to go? He has said, and he told me today, that he won't go above 28 percent. So we are talking about the possibility of a doubling in the capital gains tax. He was averaging at about 25 percent.”
Why is this news? This was part of the economic plan in the first Clinton Admistration, and obviously raising capital gains taxes is big on the Hillary to-do list.
Sen. OBAMA: It is true that I think that having the minimum wage go up every 10 years is a bad idea and it's not good for small businesses...
What? This guy may drinking the Republican Kool-Aid but America's Senator knows that in so many instances it's the minimum wage that keeps folks on the assembly line and off the bread line.
Sen. OBAMA: ...the cap and trade system that I've proposed to deal with climate change and to increase energy independence. That potentially generates billions of dollars that we can reinvest in solar, wind, biodiesel, creating jobs here in America that can't be exported.
Oh please, if you remember back, it was Hillary who came up with the term, Green Collar Jobs.
Sen. OBAMA: And if you talk to any executive, as well as any actuary who's looking at government spending, our biggest crisis looming in the horizon has to do with our health care costs. And the only way to really solve it long term is to make sure that we are making for a healthier America and improving the quality of care so that we get more bang for our health care dollar.
Two things. First, our nation's health care future isn't a crisis, it's an opportunity. It's an opportunity to invest in America. If we just take the money people don't need for their own health care, and put it into the hands of people who do need help with their health costs, then we can save America. For all of us. Second, he talks about getting more bang for our health care buck, but the truth is that his plan would leave millions of people behind. Millions of hopes and dreams. Millions of Americans. Millions of voters. If you don't want to be one of those millions, vote for Hillary.
Sen. OBAMA: I am concerned about NAFTA because they don't have the environmental and labor protections written into this legislation that ensure some basic standards, make sure that child labor laws aren't being circumvented, making sure that you don't have forced labor. I think it is important in our dealings with China to make sure that we are tougher bargainers.
Barry, baby, China is in Asia. The NA in NAFTA stands for North American. Oh, and by the way, real brave stand against forced child labor. Did your Obama girl fall for that? Speaking of the Obama girl...
BARTIROMO: And this is just in the news right now, away from business, the church bulletins. A lot of people say that they were--are anti-Semitic, anti-American. How often did you read them? Did you find them troubling?
Sen. OBAMA: You know, the--you know, I've, I think, talked thoroughly about, you know, the issue with Reverend Wright. And, you know, everybody, I think, who examines the church that I attend knows that it is a very traditional, conventional church. Reverend Wright has made some, you know, troubling statements and some appalling statements that I have condemned. He's the former pastor of that church.
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