Obama is lying about only raising taxes on people making above 250k.
Only 1.5% of households in the U.S. make above that amount. That’s only 1.7 million households.
You can’t get significant tax revenue for increased social spending by increasing taxes only only 1.5%.
The entire middle class will be affected by his policies.

For example, who do you think will pay for the 700,000,000,000 dollar bailout?
The 1.7 millions households making above 250k will have to pay 400k in additional taxes. How likely is that?

Here’s another great explanation, from a story on Fox News (online):

Socialism!” he said incredulously to a crowd of more than 10,000. “It’s kind of hard to figure how Warren Buffet endorsed me. Colin Powell endorses me and John McCain thinks I’m passing socialism,” he said with more than a hint of disbelief.

Obama explained that he would implement a tax cut for those making under $250,000 - 95% of Americans. “These are the teachers and the janitors who work in our schools. They’re the cops and firefighters who keep us safe. They’re the waitresses who work double shifts, the cashiers at Wal-Marts, the plumbers fighting for the American Dream. John McCain thinks that giving these Americans a break is socialism. Well I call it opportunity, and there is nothing more American than that,” he said.

Obama turned from defense to offense, saying that if John McCain wants to have a debate about redistributing wealth - just look at the Republican nominee’s plan. It’s McCain who would give tax breaks to those who don’t need it and don’t deserve it, Obama said - tax cuts for Fortune 500 CEOs, billions to Wall Street banks, and tax breaks for big oil companies.

“Let’s talk about the 100 million middle-class Americans who John McCain doesn’t want to give a single dime of tax relief. Don’t tell me that CEOs and oil companies deserve a tax break before the men and women who are working overtime day after day and still can’t pay the bills,” Obama said as the crowd cheered.

Obama asked those in the crowd to raise their hands if they made under $250,000 and then promised them - nearly every single person in the arena - they would not see a dime of tax increases. For those making more than that, he promised to put rates back where they were under Bill Clinton’s administration.

“Did that feel like socialism to you? Rich folks were still making out just fine back then, but we were able to make sure that ordinary folks got a little bit of help without blowing a hole through the budget and piling up mountains of debt like George W. Bush has done and like John McCain has supported,” he blasted. “We have tried it George Bush’s way. We’ve given more and more to those with the most and hoped that prosperity would trickle down to everyone else. And guess what? It didn’t work. So it’s time try something new,” he said.

And like that tennis player who knows he’s about to score, Obama said, “He can call me any name he wants- but I know what’s right and what he’s talking about is not right, it’s not change - that’s why we’re gonna beat him in this election on November 4th.”

That’s what Obama believes and wants.

Thank you for you question and for your opinion. If I believed everything the Republican leadership said, I would be expecting them to come to neighborhoods like mine and start machine-gunning poor folks into trenches pretty soon after McSame is elected/appointed to the White House.

Because he plans on doing it using the extortive force of the government rather than finding ways to encourage people and corporations to give money away. Those who are privileged should be willing to “spread money around” but it is unjust to take what a person has earned from them.

As a country, we already spread the wealth around. How do you think the people on public assistance live? They live on our tax dollars! So why do we need to give more of our wealth to these people? How is that fair? Obama wants to make all of us middle class at the expense of the upper class. That’s crap! The foundation of this country is built on the concept that with hard work and determination, you can be anything you want to be. Not with hard work and determonation you can help support a fellow American who has no motivation to do any better for himself! It’s wrong and it goes against everything this country stands for.

VERY GOOD. I’ve been debating this for months with friends.

We have become a country where we would rather take $200 and purchase a new iPod than use it to help another American.

These taxes go to building roads, bridges, hospitals, schools, libraries, and the works. It goes to supporting our education.

America has become a place where if someone takes some money from you to help the rest of the country and you’re all of a sudden not able to upgrade to that 50″ plasma, that person must be a socialist…

This country SERIOUSLY needs to re-evaluate its values…

If I earn my money then it’s MINE. I will decide what to do with it. I work very hard to get where I am while you sit on your arse crying about being poor. get up, stop whining, and get a job.

Cause he is one

The top 1% of the population controls 33% of the nations wealth. The bottom 80% of the population controls 15% of the wealth. Whatever “ism” you want to call it, Obama is right—-we need to balance the picture.