Where's Robin Hood?

Before the election, most of us knew Obama wouldn't be able to go through with his extensive tax cut plan, given the current economic conditions. Yet he kept running on the promise of provision, making the famous remark of his desire to "spread the wealth around." A past radio interview discusses his disappointment in the Constitution's lack of allowing the government to redistribute wealth. [link: here]

Yet most Americans believed him and gave him the vote. Do they realize what's going on now that the campaign is over? Probably not.

Now, the word is Obama will restrain himself from taxing the richest Americans to provide for the other 95%. [Link: here] It suggests he'll leave Bush's tax cut alone and let it expire in 2011. It would've been foolish of Obama to go through with his economic plans that he was running on, yet people believed the empty promise. Ah yes, change.

There's an article that was published by the BBC today, in which it remarks: how the world's opinion of America has already risen due to Obama's election, and secondly, how little is known of who Obama actually is.

Obama also named Tim Geithner for Secretary of the Treasurery. Who is this guy? To refresh your memory, Geithner was "a key architect of the $30 billion bailout to prevent the bankruptcy of Bear Stearns Cos." [Link: here] Someone else who believes it's the government's responsbility to prop up the economy. Where does the gov't get this money from? Tax payers. I promise you, Obama will not be cutting your taxes (or raising taxes on the upper $250k) anytime soon.


Other stories to read concerning the economy:
Obama will get stimulus package on Day 1 [Bloomberg.com, here]
Congress pledges 7.4 Trillion [Bloomberg.com, here]