Ok, so there are several threads out there that are about one or the other, but lets get down to business in this one. This is about McCain and Obama, and their beliefs, polices, etc...
I will start out with a video that I think sums up what I have been preaching about Obama's economic policy in most every thread here.
What do you say big government is. The organizations that has no place being part of the government. Name some, so I'll know what we are talking about. I don't watch those videos because I'm on dial up.
May those who love us, love us. And those that don't love us may God turn their hearts; And if he doesn't turn their hearts, may he turn their ankles so we will know them by their limping.
I guess that as a football coach...I need to change to do whatever it takes to win.
The will of God prevails. In great contests each party claims to act in accordance with the will of God. Both may be, but one must be, wrong. - Abraham Lincoln, 1862
McCain should not be putting the huge tax cuts in on the top 1%. All it will do for us is increase the bank statements of the top 1%. The cuts will increase the national debt, decrease the value of the dollar, and further our country into a recession. This would have the same effect as what everyone believes Obama's plan will.
Obama may be over-taxing them, but McCain wants to under-tax them (himself). As a taxpayer who stands to see a bigger tax break from Obama, it's hard to justify McCain's plan when the end result will likely be the same. At some point, someone is going to have to compromise.
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Cutting taxes across the board has historically stimulated the economy and resulted in better gains for the government. It is in their best interest to to so.
One of the things that scares me about the Obama plan is his taxation of capital returns. My job (capital project engineer) depends on an economy conducive to spending capital dollars. If the taxation is such that it is not profitable to for companies to assume the risk of capital investment, then they will stop. Along with stopping or slowing capital investment you will slow growth and innovation.
If you pair this with Obama's environmental policy, it just won't work. Obama's environmental policy is going to cost manufacturing facilities big money in equipment to control what ever new gas they deem "green-house". This means that they companies need to spend capital dollars, that are no longer profitable according to the economic policy. What is the company to do? Move overseas. I tend to like it better here in Alabama, so I plan to vote for McCain.
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McCain vs Obama
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