Barack Obama, our next President

There are 20 comments on the Nov 5, 2008, Hampton Roads Daily Press story titled Barack Obama, our next President. In it, Hampton Roads Daily Press reports that:

"The road ahead will be long. Our climb will be steep," Obama cautioned. Young and charismatic but with little experience on the national level, Obama smashed through racial barriers and easily defeated ...

Join the discussion below, or Read more at Hampton Roads Daily Press.

Since: Dec 12

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#830777 Dec 30, 2012
Anonymous of Indy wrote:
<quoted text>its Socialism because the US Constitution allows the Federal Government to get involved in economical activity which the US Constitution grants that authority through the use of Article 1 Section 8 Clause 1 the Taxing Power which Capitalism rejects and is the very first power given to Congress by the US Constitution, the power to tax. Money is power, and in the governmental structure created by the US Constitution, Congress—not the president—controls the money.
Article 1, Section 8
Clause 1. The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
The very first power given to Congress by the Constitution is the power to tax. Money is power, and in the governmental structure created by the Constitution, Congress—not the president—controls the money. Congress also has the power to levy tariffs (taxes on imported goods) but it's not allowed to charge more for imports into one state than into another. The Framers of the Constitution probably put the tax power first on the list of Congress's enumerated powers because they were acutely aware that one of the biggest problems of the old Articles of Confederation was that its version of Congress did not have the power to tax, and thus didn't have the power to do much of anything at all.
http://www.shmoop.com/constitution/article-1-...
That's absurd, you know nothing about economics.

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Since: Aug 11

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#830778 Dec 30, 2012
Death of Tenzing wrote:
<quoted text>
That's absurd, you know nothing about economics.
sure do, no where in the world will you find Capitalism being practiced.

In this article, you'll explore capitalism: its roots, principles and effects, benefits and shortcomings. We'll find out how capitalism compares to the alternative method of doing business. Incidentally, the United States doesn't actually practice capitalism. No one does these days.

How Capitalism Works

http://money.howstuffworks.com/capitalism.htm

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Since: Dec 12

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#830779 Dec 30, 2012
Anonymous of Indy wrote:
<quoted text>sure do, no where in the world will you find Capitalism being practiced.
In this article, you'll explore capitalism: its roots, principles and effects, benefits and shortcomings. We'll find out how capitalism compares to the alternative method of doing business. Incidentally, the United States doesn't actually practice capitalism. No one does these days.
How Capitalism Works
http://money.howstuffworks.com/capitalism.htm
I don't need the lesson but thanks anyway. I didn't say we currently practiced capitalism, the last time we saw anything really resembling capitalism was during the westward expansion but that doesn't mean the Constitution and/or taxation precludes capitalism.

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Since: Aug 11

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#830780 Dec 30, 2012
Death of Tenzing wrote:
<quoted text>
That's absurd, you know nothing about economics.
Article 1 Section 8 Clause 3 & and the Sherman Anti Trust Act are example of Socialism which is alive and well in the United States and is proof of that the US is Anti-Capitalism which Clause 3 of the US Constitution and the Sherman Anti Trust Act allow the Federal Government to get involved economically in the US economy and Monopolies are inherit to Capitalism.

Sherman Antitrust Act

The Sherman Antitrust Act (Sherman Act, July 2, 1890, ch. 647, 26 Stat. 209, 15 U.S.C.§§ 1–7) is a landmark federal statute on competition law passed by Congress in 1890. It prohibits certain business activities that reduce competition in the marketplace, and requires the United States federal government to investigate and pursue trusts, companies, and organizations suspected of being in violation. It was the first Federal statute to limit cartels and monopolies, and today still forms the basis for most antitrust litigation by the United States federal government.

http://en.wikipedia.org/wiki/Sherman_Antitrus...

Article 1, Section 8

Clause 3. To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;

Congress has the power to impose regulations on interstate and international business. This "interstate commerce clause" has been quite controversial in the history of constitutional law; for a long time, judges tended to read the clause narrowly, overturning federal laws they deemed focused mainly on regulating economic activity within states rather than between them. Since the 1930s, however, judges have tended to read the clause broadly, allowing the government to regulate all kinds of economic activity—by setting a national minimum wage, for example.

http://www.shmoop.com/constitution/article-1-...

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Since: Aug 11

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#830781 Dec 30, 2012
Death of Tenzing wrote:
<quoted text>
I don't need the lesson but thanks anyway. I didn't say we currently practiced capitalism, the last time we saw anything really resembling capitalism was during the westward expansion but that doesn't mean the Constitution and/or taxation precludes capitalism.
Right, Lincoln & the Republicans(Party of Lincoln) had no use for Capitalism.

An Unfinished Revolution: Karl Marx and Abraham Lincoln

by Robin Blackburn

The impact of the American Civil War on Karl Marx, and Karl Marx on America.

Karl Marx and Abraham Lincoln exchanged letters at the end of the Civil War. Although they were divided by far more than the Atlantic Ocean, they agreed on the cause of “free labor” and the urgent need to end slavery. In his introduction, Robin Blackburn argues that Lincoln’s response signaled the importance of the German American community and the role of the international communists in opposing European recognition of the Confederacy.

The ideals of communism, voiced through the International Working Men’s Association, attracted many thousands of supporters throughout the US, and helped spread the demand for an eight-hour day. Blackburn shows how the IWA in America—born out of the Civil War—sought to radicalize Lincoln’s unfinished revolution and to advance the rights of labor, uniting black and white, men and women, native and foreign-born. The International contributed to a profound critique of the capitalist robber barons who enriched themselves during and after the war, and it inspired an extraordinary series of strikes and class struggles in the postwar decades.

In addition to a range of key texts and letters by both Lincoln and Marx, this book includes articles from the radical New York-based journal Woodhull and Claflin’s Weekly, an extract from Thomas Fortune’s classic work on racism Black and White, Frederick Engels on the progress of US labor in the 1880s, and Lucy Parson’s speech at the founding of the Industrial Workers of the World.

http://www.versobooks.com/books/954-an-unfini...

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GhostofRaygun

Russellville, KY

#830782 Dec 30, 2012
Death of Tenzing wrote:
<quoted text>
I don't need the lesson but thanks anyway. I didn't say we currently practiced capitalism, the last time we saw anything really resembling capitalism was during the westward expansion but that doesn't mean the Constitution and/or taxation precludes capitalism.
Problem with Capitalism is it only works for about 250 years. At the end of it all you have is the Elites and the Peasants class.
sickofit

Owatonna, MN

#830783 Dec 30, 2012
GhostofRaygun wrote:
<quoted text>Problem with Capitalism is it only works for about 250 years. At the end of it all you have is the Elites and the Peasants class.
So true..as long as the rich people pay good wages and fair share of taxes capitalism works great...But like now all we have is VULTURE capitalism and rich people off shoring money and jobs...Then capitalism falls apart.

Since: Dec 12

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#830785 Dec 30, 2012
Anonymous of Indy wrote:
<quoted text>Article 1 Section 8 Clause 3 & and the Sherman Anti Trust Act are example of Socialism which is alive and well in the United States and is proof of that the US is Anti-Capitalism which Clause 3 of the US Constitution and the Sherman Anti Trust Act allow the Federal Government to get involved economically in the US economy and Monopolies are inherit to Capitalism.
Sherman Antitrust Act
The Sherman Antitrust Act (Sherman Act, July 2, 1890, ch. 647, 26 Stat. 209, 15 U.S.C.§§ 1–7) is a landmark federal statute on competition law passed by Congress in 1890. It prohibits certain business activities that reduce competition in the marketplace, and requires the United States federal government to investigate and pursue trusts, companies, and organizations suspected of being in violation. It was the first Federal statute to limit cartels and monopolies, and today still forms the basis for most antitrust litigation by the United States federal government.
http://en.wikipedia.org/wiki/Sherman_Antitrus...
Article 1, Section 8
Clause 3. To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;
Congress has the power to impose regulations on interstate and international business. This "interstate commerce clause" has been quite controversial in the history of constitutional law; for a long time, judges tended to read the clause narrowly, overturning federal laws they deemed focused mainly on regulating economic activity within states rather than between them. Since the 1930s, however, judges have tended to read the clause broadly, allowing the government to regulate all kinds of economic activity—by setting a national minimum wage, for example.
http://www.shmoop.com/constitution/article-1-...
Which is not in the Constitution, stay on point if you want any credibility.

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Since: Dec 12

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#830786 Dec 30, 2012
Anonymous of Indy wrote:
<quoted text>Right, Lincoln & the Republicans(Party of Lincoln) had no use for Capitalism.
An Unfinished Revolution: Karl Marx and Abraham Lincoln
by Robin Blackburn
The impact of the American Civil War on Karl Marx, and Karl Marx on America.
Karl Marx and Abraham Lincoln exchanged letters at the end of the Civil War. Although they were divided by far more than the Atlantic Ocean, they agreed on the cause of “free labor” and the urgent need to end slavery. In his introduction, Robin Blackburn argues that Lincoln’s response signaled the importance of the German American community and the role of the international communists in opposing European recognition of the Confederacy.
The ideals of communism, voiced through the International Working Men’s Association, attracted many thousands of supporters throughout the US, and helped spread the demand for an eight-hour day. Blackburn shows how the IWA in America—born out of the Civil War—sought to radicalize Lincoln’s unfinished revolution and to advance the rights of labor, uniting black and white, men and women, native and foreign-born. The International contributed to a profound critique of the capitalist robber barons who enriched themselves during and after the war, and it inspired an extraordinary series of strikes and class struggles in the postwar decades.
In addition to a range of key texts and letters by both Lincoln and Marx, this book includes articles from the radical New York-based journal Woodhull and Claflin’s Weekly, an extract from Thomas Fortune’s classic work on racism Black and White, Frederick Engels on the progress of US labor in the 1880s, and Lucy Parson’s speech at the founding of the Industrial Workers of the World.
http://www.versobooks.com/books/954-an-unfini...
You want to bring the Tyrant Lincoln into a discussion on the constitutionality of a thing?

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Since: Aug 11

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#830787 Dec 30, 2012
Death of Tenzing wrote:
<quoted text>
Which is not in the Constitution, stay on point if you want any credibility.
Commerce Clause(Clause 3 of Article 1 Section 8) was the basis & justification for Sherman Anti Trust Act which goes against Capitalism just look at what the Federal Government did to John D Rockefeller Sr & Standard Oil).

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Since: Dec 12

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#830788 Dec 30, 2012
GhostofRaygun wrote:
<quoted text>Problem with Capitalism is it only works for about 250 years. At the end of it all you have is the Elites and the Peasants class.
That's a pretty out-dated notion that's never really happened.

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Since: Aug 11

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#830789 Dec 30, 2012
Death of Tenzing wrote:
<quoted text>
You want to bring the Tyrant Lincoln into a discussion on the constitutionality of a thing?
I know it and the Republican Party is the Party of Lincoln.

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Since: Dec 12

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#830790 Dec 30, 2012
Anonymous of Indy wrote:
<quoted text>Commerce Clause(Clause 3 of Article 1 Section 8) was the basis & justification for Sherman Anti Trust Act which goes against Capitalism just look at what the Federal Government did to John D Rockefeller Sr & Standard Oil).
Interpretations are interpretations.

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Ironically

San Jose, CA

#830791 Dec 30, 2012
Anonymous of Indy wrote:
<quoted text>Commerce Clause(Clause 3 of Article 1 Section 8) was the basis & justification for Sherman Anti Trust Act which goes against Capitalism just look at what the Federal Government did to John D Rockefeller Sr & Standard Oil).
Ironically, roughly 100 years later America finds itself in basically the same mess it was in Rockefeller's time.

Since: Aug 11

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#830792 Dec 30, 2012
Ironically wrote:
<quoted text>
Ironically, roughly 100 years later America finds itself in basically the same mess it was in Rockefeller's time.
yeap and the Federal Government went after Bill Gates too over Microsoft because the Federal Government said that Bill Gates was operating like a capitalistic monoply.

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Since: Aug 11

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#830793 Dec 30, 2012
Death of Tenzing wrote:
<quoted text>
Interpretations are interpretations.
here is another example of the interpretation & implementation of Socialism dealing with the Commerce Clause and and what the Democrats did in 1944 after the SCOTUS issued its ruling in United States v. South-Eastern Underwriters Association since the Democrats didnt like the direction Socialism was taking after the SCOTUS ruled that the US Federal Government could regulate insurance companies(Including Health Insurance) under the authority of the Commerce Clause in the U.S. Constitution. So the Democrats in Congress passed and FDR Signed into Law the McCarran–Ferguson Act which provides that federal anti-trust laws will not apply to the "business of insurance" as long as the state regulates in that area, but federal anti-trust laws will apply in cases of boycott, coercion, and intimidation. By contrast, most other federal laws will not apply to insurance whether the states regulate in that area or not.

McCarran–Ferguson Act

http://en.wikipedia.org/wiki/McCarran%E2%80%9...

United States v. South-Eastern Underwriters Association

http://en.wikipedia.org/wiki/United_States_v....

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sonicfilter

Indianapolis, IN

#830794 Dec 30, 2012
Book review: The Betrayal of the American Dream

"Because they conduct business around the world and move money in and out of tax havens and other countries to secure the lowest possible rate, many [U.S. multinational corporations] stash their cash offshore rather than bring it home, where they would be obliged to pay taxes on it.

They will bring it back only if Washington will agree to a tax holiday.[...] If you want to understand the differences between you and the ruling class, try that ploy with the IRS someday. Just tell them if they don't lower your tax rate you are going to move your money to another country."

http://www.dailykos.com/story/2012/12/30/1174...

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sonicfilter

Indianapolis, IN

#830796 Dec 30, 2012
Why the Economy Needs Tax Reform

The main problem is that the current tax code is incapable of raising the revenue needed to pay for the goods and services of government. Over the last four years, federal revenue as a share of the economy has fallen to its lowest level in nearly 60 years, a result of the recession, the weak recovery and a decade’s worth of serial tax cuts. Even with deep spending cuts, the chronic revenue shortfall is expected to continue, swelling the federal debt — unless taxes go up. To stabilize the debt over the next 10 years while financing more investment would require at least $1.5 trillion to $2 trillion in new revenue, above what could be raised by letting the top income tax rate revert to its pre-Bush-era level of 39.6 percent.

A logical way to help raise the additional needed revenue would be to tax capital gains at the same rates as ordinary income. Capital gains on assets held for more than a year before selling are taxed at about the lowest rate in the code, currently 15 percent and expected to rise to 20 percent in 2013. That is an indefensible giveaway to the richest Americans.

http://www.nytimes.com/2012/12/30/opinion/sun...

it's not a political question anymore. the Bush tax cuts did not produce as advertised.

2001 guess.....

The Economic Impact of President Bush's Tax Relief Plan

Significantly increase economic growth.

Create more job opportunities.

Substantially increase family income.

Effectively pay off the federal debt.

http://origin.heritage.org/research/reports/2...

fail.

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Yeah

Mililani, HI

#830797 Dec 30, 2012
Death of Tenzing wrote:
<quoted text>
Oh, so you can't.
Figures.
All mouth and no music.
lol! Why son? You can't prove you're right.

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Yeah

Mililani, HI

#830798 Dec 30, 2012
Death of Tenzing wrote:
<quoted text>
Can't drive you but I didn't say capitalism grew out of the Constitution but that it was the only economic system I could think of that fit within the constraints of the Constitution and I invited anyone to prove me wrong.
Why?

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