At the conclusion of his Father’s Day Sermon at the Apostolic Church of God in Chicago on Sunday, June 15 Senator Barack Obama made the point that his life revolves around his two little girls, and he fears for his little girls’ future in America without him as their president. The senator offered a litany of ills that—from his vantage point—currently plague America, which make America a terrible place to raise children:
• America is a country “where there is a huge gap between a few people who are wealthy and whole bunch of people who are struggling every day.”
• America is a country “that is still divided by race.”
• America is a country where “girls don’t have as much opportunity as boys do.”
• America is a country that is “hated around the world because we don’t cooperate with other nations.”
• America is a country that is in “grave danger because of what’s happening to the planet.”
In Senator Obama’s America there would be no income disparities because his confiscatory tax policies would take the wealth earned by the initiative of hard-working Americans and redistribute it to Americans who lack the initiative to work hard and make something of themselves. A recent editorial in The Detroit News properly characterizes Obama’s economic policy as “a war on wealth.”:
While giving part of the middle class a break, Obama would wage what could be described as a war on wealth through the tax code. He would restore the tax rates on those earning more than $250,000 a year to pre-2001 levels, remove the cap on payroll taxes for upper-income earners and push the current 15 percent capital gains tax rate to 28 percent.
While soaking the rich might have some political resonance, it’s risky to strip investment incentives from those most likely to create jobs. And despite the rhetoric, even with the Bush tax cuts, the top 1 percent of American earners still carry 35.6 percent of the tax burden, compared with 31.6 percent in 1996, according to the Internal Revenue Service.
In Senator Obama’s America there is still “a racial divide,” even though millions of white Americans went to the polls over the past six months and gave a black man a real opportunity to become President of the United States. A February 2005 San Francisco Chronicle article highlighted the gains being made by African-Americans in corporate America:
For executives who came of age in the post-civil rights era of the 1960s, the growing ranks of top black managers indicate race is becoming less of a factor, some say.
“I think tremendous progress has been made. It’s really a reflection that we’re making progress corporately,” said D. Steve Boland, 36, president and managing director of LandSafe Inc., a division of Countrywide Financial Corp.
“I think there’s a tremendous amount of opportunity.”
In Senator Obama’s America girls don’t have as much opportunity as boys, even though girls now make up the majority of undergrad students in our colleges and universities. Contrary to liberal propaganda, women have broken the glass ceiling. A recent story in USA Today highlights the gains female CEOs are making in corporate America:
Female CEOs running major U.S. corporations grew from nine to a record 12 in 2007. While that is only 2.4 percent of the Fortune 500, one trend is developing that might suggest that women are going mainstream. Continued... |