I know everyone wants to talk about Obama’s middle name, dissect what his wife or his pastor said, or McCain’s houses or Palin’s *** talk with her daughter or her email password. But I’m going to step away from those vital national issues for a moment and talk about a minor issue of our economy.
McCain – standard Republican stance is deregulation and let free market do its thing. He’s been quoted with “I’m always for less regulation, but I am aware of the view that there is a need for government oversight but I am fundamentally a deregulator.” That was in March. Yesterday, he says he’s for Tougher rules on Wall Street to protect your life savings.” My guess is that he’ll veto any stringent regulations based on his first statement.
Obama – standard Democrat stance. More regulation and more taxes on the wealthiest/corporations. He says this crisis serves as a stark reminder of the failures of crony capitalism and an economic philosophy that sees any regulation at all as unwise and unnecessary. With a Democratic Congress, I’d expect him to sign stringent regulations/tax increases into law.
So I understand that philosophically, Republicans will be Republicans and Democrats will be Democrats. In this current eonomy, whether or not it was the result of Bush and the Republican Congress (6 years, then 2 years of Bush vetoes) or not, what is the best way forward?
Keep it the same and get McCain in and let the free market take its course? Or go with Obama and the typical Democrat way of raising taxes on the wealthy to pay for government created jobs/regulations?
March 9th, 2009 at 11:50 pm
First the accessement about Obama raising taxes on the wealthy to pay for government…. is misleading and part of the GOP talking points. They contend that it is a form of wealth distribution. What they choose to ignore is that doing the opposite is exactly the same. Wealth distribution to the wealthy by taxing the larger percentage of the population, middle class and poor; and reducing taxes on the rich. the government then redistrubtes money to a class of people that don’t need it and are self indulgent when they have gotten it.
McCain’s fiscal program is either a joke or a fantasy
McCain ON THE ECONOMY
If He Doesn’t Understand the Economy, He Doesn’t Understand Security
Did you know McCain also doesn’t know who Prime Minister, José Luis Rodríguez Zapatero of Spain is, a NATO ally. I thought foreign policy was his area of expertise?
March 12th, 2009 at 3:36 am
I’m not sure where u live but,I live in America and I dont even know as much as u do about the candidates-I am waiting for a NATIVE AMERICAN INDIAN to run before I vote anyhow.
March 15th, 2009 at 11:39 am
Barak obama of course
According to presidential scholars, Illinois Senator Barack Obama should win the 2008 presidential election by about 10 percentage points. The scholars base these projections on all sorts of data that have proven to be historically accurate – the economic condition of the nation, the mood of people as expressed in polls, the popularity of the incumbent president, etc.
March 16th, 2009 at 6:02 am
Keeping it the same would be to let central planning take its course, not the free market.
Try Ron Paul instead of McCain.
Try all three of the videos on this page (Fox Business and Cavuto)
Then go to Ron Paul’s congressional site:
All of a sudden the kook who predicted this all 5 years ago is in great demand on TV. (Glen Beck tonight, MSNBC at 3:30 today EST, tomorrow on CNN with John Roberts at 7:25 EST.) Too bad people weren’t willing to listen when they could have prevented it.
March 17th, 2009 at 7:32 pm
McCain has a better plan for the economy.
We are headed for a Great Demorcrat Depression if Barack Hussein Obama is elected and implenents his TAX TAX TAX.
March 19th, 2009 at 9:51 am
If you really want to see the market crash. If you really want to see the economy tank. If you would really like to find out for yourself what it is like to live through the 1929 and thirties style depression with bread lines and being unable to purchase anything, go ahead elect Obama. Then you will be able to find out.
Personally, I’ve read enough, heard enough from relatives that lived through it to know that is not something I wish to experience for myself.
Country First, Not Last
McCain/Palin ’08
March 20th, 2009 at 9:07 pm
Dude…really, why are you concerned about such a minor issue like the economy? (Your question/comment was right on target and very well thought out. Unfortunately, the American populous is going to go with the candidate that will tickle their ears and appeal to feelings.)
March 23rd, 2009 at 12:11 pm
Tough question. I think as i always have that a mix of both is needed. Think of it in the ways of parents and children. A parent should not interfere with every aspect of a childs like if they are to learn how to grow on their own with a certain amount of dependency. If the children are completely sheltered and can do nothing, this might cause all kinds of problems for the child later in life. However, if the parent barely focuses on the child and does nothing to enrich the childs life, then that becomes again a problem. I think a parent being there for their child while still allowing them the space they need to grow is what a parent should do. Now apply that ideal to the economy. More regulation would be hurtful while too little is hurtful as well. We need regulation over Wall Street but that comes with limits. I think we have adopted a deregulation policy for years upon years so regulation now would probably have a positive effect rather than negative. And if that regulation is just enough, it will promot growth that nether ideal could do alone. I think that Obama is right in saying more regulation, it is important to do so now. But it would not hurt the economy as some may have said. It would be a plus.
March 24th, 2009 at 5:40 am
Considering McCain doesn’t have a plan other than start a commission, and Obama does, I’d go with Obama.
March 24th, 2009 at 7:35 am
You know as I heard from many of the people in the Obama’s campaign if you like the way the last couple of days have been going, and you like the last eight years then Sen.McCain is your guy he proposes to keep the Bush taxcuts for the wealthy and the well connected, and give tax cuts to the exxon mobil and the big oil corporations because most of them are on his campaign running it, so I expect Sen. McCain to give tax breaks to wealthy and the well connected. Sen Obama on the other hand wants to give 95% of taxcuts to the middle class. So if you want your taxes to go up being that you are a middle income american then Sen McCain is your guy, but if you want a tax cut and you are trying to make ends meet then Sen.Obama is your guy!