My prediction is Joe Wurzelbacher, better known as Joe the Plumber, will change the presidential race. He represents middle-class, mid-west, hard-working entrepreneurs. In other words, me and mostly everyone I know. Joe has worked in the plumbing business for many years. He works 10 - 12 hours a day and is a single parent of a 13 year old boy. He works hard because his goal is to buy the business he works for or one similar to it. He appears to live modestly, within his means, in an attempt to save money for his son's future. The small business he would like to buy has around 8 employees. It has a net profit of roughly 250k to 280k per year. Joe did his own research on Barack Obama's tax plan. It appeared to him that this business was going to see a 30% tax increase under Obama's plan, roughly $80k/year. He got concerned about this and decided to attend a Barack Obama rally near his home town. By luck, Barack Obama passed by Joe after his speech. Joe had his opportunity to find out the truth from Barack Obama about his tax plan. Would all of his hard work for his son, all the hours really pay off, or was it just going to be sucked up by Obama's administration. Here's the exchange and some commentary: Joe quickly became a symbol of all entrepreneurs across the country and the star of last nights debate. Before going on, let's debunk some of Obama's charges here. First off, it is true that 95 - 98% of businesses make under $250k, especially when you include lemonade stands, garage sales, and lawn mowing services run by 13 year olds. The point is, most businesses that make under $250k employ one person, the owner. A business that nets $250k or more employs roughly anywhere from 4 to 8 employees. How many businesses can you think of that employ four employees or more? Everyone of these businesses will see a tax increase under Obama. Somehow, Obama thinks this won't effect the people who work for these companies. Well, these businesses are going to have to cut somewhere aren't they?
3 Comments
Joanna
10/17/2008 12:16:28 pm
I am getting more and more scared of Obama.
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dreams of our fathers was assigned as one of my textbooks for an advanced rhetoric and writing class, along with mccain's memoir as well.
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Nick
10/31/2008 11:16:56 pm
Sara: If Dreams had talked about his beliefs, he might not be running for president.
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