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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?
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The Contrast Could Not be More Clear
Check History
It is always a simple matter to check history when comparing options. Stimulus plan: tried it, the economy got worse. $500-$1200 does not a spending spree create as a one time shot. History does show that continuing the stimulus for several cycle, say yearly has an agragate affect to positively influence the economy. Additionally, the concept of stimulus being repeated: well that's a tax break, for everyone. Now we are actually discribing McCain's plan. Ironic.
Job creation: spend taxpayor money to invest in job creation, green or otherwise. This can work, but takes years to make an impact. A quicker path is to open up the restrictions on the jobs we could already have. Drilling for example, ON SHORE, could have additional oil on the market in under a year, not the 3-4 years for offshore drilling. This is more jobs, more wealth creation, and we use the money from the oil rights to invest in the longer term green job creation. Now we are tax neutral to boot. Now we have gravatated to the McCain plan.
- bobberaaaaa
October 19, 2008 11:00AM
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