Obama-Clinton Philadelpia Debate Transcript: Obama Looks Terrible
If anyone doubts that Barack Obama is nothing more than an empty suit all doubt should be removed after reading this transcript of the April 16th, 2008, ABC News Barack Obama-Hillary Clinton debate in Philadelphia, Pennsylvania.
Just to show you one quick example of what an utter idiot Barack Obama is from the transcript on page three:
GIBSON: All right. You have, however, said you would favor an increase in the capital gains tax. As a matter of fact, you said on CNBC, and I quote, “I certainly would not go above what existed under Bill Clinton,” which was 28 percent. It’s now 15 percent. That’s almost a doubling, if you went to 28 percent.
But actually, Bill Clinton, in 1997, signed legislation that dropped the capital gains tax to 20 percent.
OBAMA: Right.
GIBSON: And George Bush has taken it down to 15 percent.
OBAMA: Right.
GIBSON: And in each instance, when the rate dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down.
So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?
OBAMA: Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.
Barack Obama admits that he would do something detrimental to the United States and demand an increase in the capital gains tax rate which would reduce tax revenues because it fits his twisted liberal notion of “fairness”.
Democrats destroy everything. Every city, every industry, anything they can get their hands on they destroy. Logic goes out the window when Democrats are involved. Barack Obama is willing to do something harmful to the country because he thinks it is fair. Nevermind the reduced tax revenue or the 100 million stock-owning Americans negatively affected by Obama’s proposal. He does not care. As long as it fits his distorted liberal concept of fairness, it does not matter who gets hurt.
There is no doubt that Barack Hussein Obama is a dangerous man given his desire to do harmful things regardless of the negative impact on government and people.
One thing this debate demonstrates is that unless Barack Obama is reciting a carefully practiced speech full of empty platitudes either written or stolen from someone else, he is as clueless as they get. This man is not suitable to be President of the United States. If Obama is willing to do one harmful thing to the country, and happily admitting his desire to do so, what other harmful things is he willing to do?
As for the Clinton capital gains tax rate, only the long-term tax rate was 20%. You had to hold the asset for at least a year to qualify for that special tax rate. Otherwise, you paid the full tax rate, which was significantly higher than 20%.