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
- From Obama Campaign
By Obama Campaign - Jason Furman, Economic Advisor
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The Heart of America
The heart of America has always been the people. The people run this country. In the past when there were issues we used our Creative ingenuity to come up with the best solutions. Giving Government the power to make decisions for us is not the right move. What is freedom when someone else says what you can and cant have and do with your life. Taxing the rich will decrease the amount of business and corp. owners and cause us to loose even more jobs. I personally just got laid off and it had nothing to do with the economy. When you work with the criminal justice department then less work actually is a good thing. Now I can sleep better and teach students who are eager to learn. Again I say let the constitution reign, let the people run this country.
- rkiser
October 12, 2008 10:21PM
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Side: John McCain
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No Thank You, Mr. Furman
My vote is not for sale, Mr. Furman, but thank you for the offer. I would like the government to get out of direct economy manipulation altogether! I'm not sure that anyone can do that for me, but at least Senator McCain is not trying to bribe me with a post-election check.
The economy is not broken down; it is in a traffic jam, and an insane "spread the wealth around" strategy is the primary obstacle! The Reinvestment Act of 1977, with its 1999 steroid treatments, FORCED banks to write mortgages to patently unqualified home-buyers, designatedFannie and Freddie to buy those loans with implicit government guarantees. The real estate market flooded with unqualified customers. With higher demand prices began to rise and speculators stepped right in! Because of inflated home values, Fannie and Freddie can cook the books with these opaque mortgage backed securities, but last month the s*** hit the fan. Now the credit market is legitimately clogged with distrust and fear, and we taxpayers are on the hook for $1 Trillion in bailouts. Did I here someone say "implicit guarantee for mandated sub-prime loans purchased by Fannie and Freddie"?
Simple solution collect less taxes all around, and Americans will have more wealth to "spread around" on their own. Private Americans are the most generous people on the planet! Next, accept resignations from all members of the Banking and Finance Committees in the House and Senate. Then, lay off 30% of the Washington-based bureaucrats, which produces two good results. First, the deficit will go down when they stop working on their boondoggle projects. Second they can get a job working at something productive rather than thinking up ways to regulate our lives.
Truly, the contrast between my views and Barry's could not be much clearer.
- ScottyNow
October 17, 2008 11:01PM
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Side: Uncommitted
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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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Side: Uncommitted
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