Massive bailouts, foreclosed homes, jaw-dropping gas prices, chaos on Wall Street. These are just a few signs of the U.S.'s struggling economy. As America enters the next chapter of its history, what impact will an Obama administration have on our economic future?
Taylor Griffin, Senior Advisor
American families are worried about rising gas prices, a deteriorating job market, shrinking retirement portfolios, and falling home prices. John McCain has laid out his Jobs for America Plan (see below), a real strategy to create millions of good American jobs, ensure our nation’s energy security, get the government’s budget and spending house in order, provide access to affordable health insurance, bring relief to American consumers, and allow more Americans facing foreclosure to stay in their homes.
Hard working Americans are suffering from high gas prices and need relief now. John McCain will suspend the federal gas tax to provide immediate relief. He will also secure our energy independence in the long term through a mix of new production here at home and the development of alternative sources of energy.
John McCain Will stop filling the strategic petroleum reserve (SPR) to reduce demand. International demand for oil is bolstered by federal purchases for the SPR. There is no reason to fill it when oil is so expensive; the overall SPR is of adequate size, and when it places further upward pressure on prices.
John McCain will end policies that contribute to higher transportation and food costs. Ethanol subsidies, tariff barriers and sugar quotas drive up food prices.
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