Obama, Intentions Not Results

Whatever you want to say about Obama, that he is not liberal is not one of them.  In classic liberal fashion, Obama has again decided that it is not the results that count, but the intentions.

When asked about Capital gains taxes by Charlie Gibson, Obama stumbled and fumbled and then basically said raising taxes was not about revenue.  No, it was about "fairness".

GIBSON: You said on CNBC, and I quote, "I certainly would not go above what existed under Bill Clinton, which was 28%." It's now 15%. That's almost a doubling, if you went to 28%. But actually Bill Clinton in 1997 signed legislation that dropped the capital gains tax to 20%. And in each instance, when the rate dropped, revenues from the tax increased. The government took in more money. And in the 1980s, when the tax was increased to 28%, the revenues went down. So why raise it at all, especially given the fact that a hundred million people in this country own stock and would be affected?

The question is a truism.  Demonstrated by not only republican administrations, but by Clinton's as well.  And indeed, it is being proven around the world in the former eastern block nations to this day.  But Obama, ever the liberal, let his true colors show through:

OBAMA: I would look at raising the capital gains tax for purposes of fairness. We saw an article today which showed that the top, uh, 50 hedge fund managers made $29 billion last year, $29 billion for 50 individuals. And part of what has happened, uh, is that those who are able to work the stock market and amass huge fortunes on capital gains are paying a lower tax rate than their secretaries. That's not fair.

See?  It is not about money for the government.  It is about control.  And envy.  Of those they want to ensure pay "fairly".  Yet as Gibson pointed out, and as been proven, raising the rate is not going to get them to pay more taxes.  They will only pay less.

Is that really fair?  Only to a liberal with the best of intentions.