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	<title>Exploit The Market: How To Profit From Reality &#187; labor</title>
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		<title>Obama’s Many Promises</title>
		<link>http://exploitthemarket.com/blog/obama%e2%80%99s-many-promises/</link>
		<comments>http://exploitthemarket.com/blog/obama%e2%80%99s-many-promises/#comments</comments>
		<pubDate>Tue, 11 Nov 2008 11:11:38 +0000</pubDate>
		<dc:creator>John</dc:creator>
				<category><![CDATA[economy]]></category>
		<category><![CDATA[congress]]></category>
		<category><![CDATA[education]]></category>
		<category><![CDATA[energy]]></category>
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		<category><![CDATA[health care]]></category>
		<category><![CDATA[labor]]></category>
		<category><![CDATA[national security]]></category>
		<category><![CDATA[obama's promises]]></category>
		<category><![CDATA[social security]]></category>
		<category><![CDATA[spending]]></category>
		<category><![CDATA[taxes]]></category>

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		<description><![CDATA[Here they are &#8211; Obama&#8217;s biggest promises from his &#8220;blueprint for change&#8221; campaign speeches and advertisements&#8230;. I wonder how many he will keep?  Actually, we would be better off if he made no promises and did less.  That would mean less damage to the economy.  How I miss the days of political gridlock back in [...]]]></description>
			<content:encoded><![CDATA[<p></p><p>Here they are &#8211; Obama&#8217;s biggest promises from his &#8220;blueprint for change&#8221; campaign speeches and advertisements&#8230;. I wonder how many he will keep?  Actually, we would be better off if he made no promises and did less.  That would mean less damage to the economy.  How I miss the days of political gridlock back in the 1990&#8242;s, it was great for financial markets&#8230;.</p>
<p>A Checklist Of Obama’s Many Promises:</p>
<p>Taxes<br />
Give a tax break to 95% of Americans.<br />
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.”<br />
Dramatically simplify tax filings so that millions of Americans will be able to do their taxes in less than five minutes.<br />
Give American businesses a $3,000 tax  credit for every job they create in the U.S.<br />
Eliminate capital gains taxes for small business and startup companies.<br />
Eliminate  income  taxes  for<span id="more-261"></span> seniors  making  under $50,000.<br />
Expand the child and dependent care tax credit.<br />
Expand the earned income tax credit.<br />
Create a universal mortgage credit.<br />
Create a small business health tax credit.<br />
Provide a $500 “make work pay” tax credit to small businesses.<br />
Provide a $1,000 emergency energy rebate to families.</p>
<p>Energy<br />
Spend $15 billion a year on renewable sources of energy.<br />
Eliminate oil imports from the Middle East in 10 years.<br />
Increase fuel economy standards by 4% a year.<br />
Weatherize 1 million homes annually.<br />
Ensure that 10% of our electricity comes from renew- able sources by 2012.</p>
<p>Environment<br />
Create 5 million green jobs.<br />
Implement a cap-and-trade program to reduce green- house gas emissions.<br />
Get 1 million plug-in hybrids on the road by 2015.</p>
<p>Labor<br />
Sign a fair pay restoration act, which would overturn the Supreme Court’s pay discrimination ruling.<br />
Sign into law an employee free choice act — aka card check — to make it easier for unions to organize.<br />
Make employers offer seven paid sick days per year.<br />
Increase the minimum wage to $9.50 an hour by 2009.</p>
<p>National security<br />
Remove troops from Iraq by the summer of 2010.<br />
Cut spending on unproven missile defense systems.<br />
No more homeless veterans.<br />
Stop spending $10 billion a month in Iraq.<br />
Finish the fight against Osama bin Laden and the al- Qaida terrorists.</p>
<p>Social Security<br />
Work in a “bipartisan way to preserve Social Security for future generations.”<br />
Impose a Social Security payroll tax on incomes above $250,000.<br />
Match 50% of retirement savings up to $1,000 for families earning less than $75,000.</p>
<p>Education<br />
Demand higher standards and more accountability from our teachers.</p>
<p>Spending<br />
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.<br />
Slash earmarks.</p>
<p>Health care<br />
Lower health care costs for  the typical family by $2,500 a year.<br />
Let the uninsured get the same kind of health insurance that members of Congress get.<br />
Stop insurance companies from discriminating against those who are sick and need care the most.<br />
Spend $10 billion over five years on health care information technology.</p>
<p>Source: Investors Business Daily, Page A11, Tuesday, November 11, 2008</p>
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