I listened very carefully to Mr. Obama at his press conference today, Mr. & Mrs. Reader. He’s talking about another round of tax rebates to help stimulate the economy right after he is inaugurated.

He also talked about why he voted to let communications companies off the hook for participating in illegal (i.e., unconstitutional) warrantless domestic spying by the Bush administration. All I’m going to say about this is that two wrongs don’t make a right. Passing legislation and sending it to Mr. Bush to sign into law in order to let him and the communications companies off the hook for illegal activities they committed is just plain ridiculous. For heaven sakes, Mr. & Mrs. Reader, has America turned upside down? As my Oklahoma Dad might have phrased it, “I’m getting blue in the face reciting “this Constitution”, the Bill of Rights and the other seventeen amendments to a bunch of dimwitted politicians.”

Here, Mr. & Ms. Politician, read them for yourself!

http://www.archives.gov/exhibits/charter s/constitution_transcript.html
http://www.archives.gov/exhibits/charter s/bill_of_rights.html
http://www.archives.gov/exhibits/charter s/constitution_amendments_11-27.html#12

Another thing Mr. Obama mentioned was what he often refers to as giving working families a $1,000 tax break. I need…no, I demand…more than that! He also mentioned this business about “wall street v. main street”.

He knows as well as anybody (I presume) that the “main street” U.S. economy is driven by middle class and working class consumers consuming, and by middle class small businesses hiring middle classers and working classers.

The preceding is contrary to what republicans and other privileged classers would like us to believe. These folks want you to believe that the American economy is driven by privileged classers taking their tax breaks (originating in 1981 and 1986) and spending that money on building new production facilities IN the United States, and then hiring middle classers and working classers IN the United States to produce products IN the United States that Americans can consume IN the United States.

Unfortunately, privileged classers wouldn’t know a new domestic production facility (or a new American payroll) if they could find one (and they aren’t looking). Why do you think that most of the products you see on U.S. shelves say “made in China” on them? After China, comes the products “made in Mexico” or elsewhere overseas.

What the privileged classers are really doing is using the money from their quarter-century of tax cuts to speculate on “wall street” in the stock market (e.g., subprime mortgage backed securities) and the commodities futures market (e.g., oil…apparently low risk with only “10% down”). Of course, all that the preceding accomplishes is making the privileged classers more and more wealthy on the backs of hardworking middle classers and working classers. Hey! That’s us!

Now…getting back to Mr. Obama and his “tax rebate thing”, and his $1,000 tax break. He (as a privileged classer) “just doesn’t get it.” What we middle classers and working classers (and America) need is permanent tax cuts just like the privileged classers received at our expense in the 1980’s. We need our top rate lowered to 15% (5% for the members of our working class). Small businesses need their top rate lowered to 20%.

We’ve learned the hard way that if the privileged classers in the White House and on Capitol Hill give themselves and the rest of the American privileged class a tax break from 70% down to 28% (originally), that they simply laugh all the way to the bank, while indulging to excess.

Who are they laughing at? Why, you and me, of course!

So (and this is really scary stuff to these privileged folks), it’s time to REDISTRIBUTE THE WEALTH IN AMERICA from the top of the pyramid to the bottom of the pyramid.

Mr. Reagan and congress redistributed it from bottom to top in 1981 and 1986, and the wealth never did “trickle back down” as the privileged class politicians promised it would. That’s what happens when a privileged class president “just doesn’t get it.” Mr. Reagan didn’t know up-from-down and left-from-right when it came to micro and macro economics. In other words…although he professed to know what makes America tick (e.g., backyard BBQ’s)…Mr. Reagan really had no earthly idea what was going on.

I’m worried that Mr. Obama is sliding down the same slippery slope as Mr. Reagan, Mr. Bush the father, Mr. Clinton and Mr. Bush the son.

OK Jack

P.S. I’ve flipped my 50:50 coin three times. The first time it came up Mr. Obama as the democrat candidate for president. The second time, it came up Mr. Obama as the newly elected president. I would really like to be right a third time. Here’s a risky one though. The third toss came up Virginia senator, Jim Webb, as the democrat candidate for vice president. I’ve really got my fingers crossed on this one. I’d love to get three-out-of-three…but two won’t be bad.