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Posts Tagged ‘Obama’

Jim Cramer: There’s been an “enormous destruction of wealth that’s happening in this country, much of it now thanks to Obama’s agenda.”

“He’s made people afraid.”

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obamaLets keep track on how Obama does with all of his campaign promises.  List from Investor’s Business Daily.

Taxes

• Give a tax break to 95% of Americans.

• Restore Clinton-era tax rates on top income earners.

• “If you make under $250,000, you will not see your taxes increase by a single dime. Not your income taxes, not your payroll taxes, not your capital gains taxes. Nothing.”

• Dramatically simplify tax filings so that millions of Americans will be able to do their taxes in less than five minutes.

• Give American businesses a $3,000 tax credit for every job they create in the U.S.

• Eliminate capital gains taxes for small business and startup companies.

• Eliminate income taxes for seniors making under $50,000.

• Expand the child and dependent care tax credit.

• Expand the earned income tax credit.

• Create a universal mortgage credit.

• Create a small business health tax credit.

• Provide a $500 “make work pay” tax credit to small businesses.

• Provide a $1,000 emergency energy rebate to families.

Energy

• Spend $15 billion a year on renewable sources of energy.

• Eliminate oil imports from the Middle East in 10 years.

• Increase fuel economy standards by 4% a year.

• Weatherize 1 million homes annually.

• Ensure that 10% of our electricity comes from renewable sources by 2012.

Environment

• Create 5 million green jobs.

• Implement a cap-and-trade program to reduce greenhouse gas emissions.

• Get 1 million plug-in hybrids on the road by 2015.

Labor

• Sign a fair pay restoration act, which would overturn the Supreme Court’s pay discrimination ruling.

• Sign into law an employee free choice act — aka card check — to make it easier for unions to organize.

• Make employers offer seven paid sick days per year.

• Increase the minimum wage to $9.50 an hour by 2009.

National security

• Remove troops from Iraq by the summer of 2010.

• Cut spending on unproven missile defense systems.

• No more homeless veterans.

• Stop spending $10 billion a month in Iraq.

• Finish the fight against Osama bin Laden and the al-Qaida terrorists.

Social Security

• Work in a “bipartisan way to preserve Social Security for future generations.”

• Impose a Social Security payroll tax on incomes above $250,000.

• Match 50% of retirement savings up to $1,000 for families earning less than $75,000.

Education

• Demand higher standards and more accountability from our teachers.

Spending

• Go through the budget, line by line, ending programs we don’t need and making the ones we do need work better and cost less.

• Slash earmarks.

Health care

• Lower health care costs for the typical family by $2,500 a year.

• Let the uninsured get the same kind of health insurance that members of Congress get.

• Stop insurance companies from discriminating against those who are sick and need care the most.

• Spend $10 billion over five years on health care information technology.

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