Obama's tax plan same as FDR

[netrox]

On tv interview with .. I forgot her name... Obama pointed out that his tax plan is hardly socialist and said that McCain's favorite "hero", FDR, was the one that implemented the SAME progressive tax plan that Obama's promoting.

However, what Obama did NOT realize was that FDR's tax rate was maximum at 91%, which is unimaginable for most people today.

McCain is so busted if he thinks FDR is a hero and wants to follow his steps - that requires imposing 91% tax rate on the rich! Not only that FDR put high tax rate on the rich, he also capped salaries for executives meaning that executives cannot make more than the limit imposed by FDR.

 

[netrox]

Found more info from Wiki:

Roosevelt was backed by a coalition of voters which included traditional Democrats across the country, small farmers, the "Solid South", Catholics, big city machines, labor unions, northern African Americans, Jews, intellectuals and political liberals. This coalition, frequently referred to as the New Deal coalition, remained largely intact for the Democratic Party until the 1960s.

Franklin D. Roosevelt - Wikipedia, the free encyclopedia

Those were good old days!

 

[Hear Again]

As another ADer's signature states, Obama will create the second New Deal.

As for McCain and FDR, McCain has no idea what he's talking about. He obviously needs to brush up on his history. :roll:

 

[Byrdie714]

Found more info from Wiki:

Roosevelt was backed by a coalition of voters which included traditional Democrats across the country, small farmers, the "Solid South", Catholics, big city machines, labor unions, northern African Americans, Jews, intellectuals and political liberals. This coalition, frequently referred to as the New Deal coalition, remained largely intact for the Democratic Party until the 1960s.

Franklin D. Roosevelt - Wikipedia, the free encyclopedia

Those were good old days!

And how do you know that they were the good old days? Did you live it?

 

[Hear Again]

And how do you know that they were the good old days? Did you live it?

One does not need to live in the Roosevelt era to know whether or not they were the "good old days." All one needs to do is to read up on the history of the New Deal to learn about its' success.