Reader comments: McCain, Obama battle over economic plans
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Why we need McCain & Sarah | 5:12 p.m. Oct. 14, 2008
Liquidate labor, liquidate stocks, liquidate the farmers. So Treasury Secretary Andrew Mellon advised Herbert Hoover in the Great Crash of '29. Hoover did. And the nation liquidated him and the Republicans. In the Crash of 2008, 40 percent of stock value has vanished, almost $9 trillion. Some $5 trillion in real estate value has disappeared. A recession looms with sweeping layoffs, unemployment compensation surging, and social welfare benefits soaring. America's first trillion-dollar deficit is at hand. In Fiscal Year 2008 the deficit was $438 billion. With tax revenue sinking, we will add to this year's deficit the $200 to $300 billion needed to wipe the rotten paper off the books of Fannie and Freddie, the $700 billion (plus the $100 billion in add-ons and pork) for the Wall Street bailout, the $85 billion to bail out AIG, and $37 billion more now needed, the $25 billion for GM, Chrysler and Ford, and the hundreds of billions Hank Paulson will need to buy corporate paper and bail out banks to stop the panic. As Americans save nothing, where are the feds going to get the money? Is the Fed going to print it and destroy the dollar?.
Bro Chuck's Rock & Roll | 5:18 p.m. Oct. 14, 2008
With Election Day now in sight, John McCain and Sarah Palin need to turn up the heat. Frustrated conservatives are waiting for some spirit and energy. This race is far from over. In fact, these final three weeks are the most critical of the campaign. What the McCain/Palin ticket needs to do is to genuinely address and capitalize on the tremendous level of disgust, distrust and dissatisfaction of the American people towards our government. May 20, 2008 Rasmussen poll found that 62% of the American public support fewer government services and lower taxes. That’s because ordinary Americans believe what President Reagan believed: government is the problem, not the answer. Remind Americans of this, Senator McCain. The last debate next Wednesday night may be your last chance to connect because they need to see you as a bigger presence, a better choice right up, elbow-to-elbow with Obama. Rank and file Americans know that more government meddling ultimately equals more problems. It always has and always will because government is not the social or cultural engine that drives America.
Vote for McCain and Sarah for REAL change in Washington.
Vote for McCain and Sarah for REAL change in Washington.
WOW | 9:21 p.m. Oct. 14, 2008
Fox News, Sean, Rush, Mark, and Bill.
All in two comments!
Thanks for the update?
All in two comments!
Thanks for the update?
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Re: 9:21 PM | 10:40 p.m. Oct. 14, 2008
You can look at the record of what he's done or you can just go with your gut, but either way you're left with the same conclusion: Senator Obama is going to raise your taxes. And in this economy, raising taxes is the surest way to turn a recession into a depression. Senator Obama also promises to restrict international trade and risk access to foreign markets for American goods and services. The last President to raise taxes and restrict trade in a bad economy was Herbert Hoover. That didn't turn out too well.
They say those who fail to learn the lessons of history are doomed to repeat them. Well, I know my history lessons, and I sure won't make the mistakes Senator Obama will. And were my opponent elected with a Democratic Congress in power, not only would there be no check on my opponent's reckless economic policies, there would be considerable pressure on him to tax and spend even more. This explains how Senator Obama can promise an income tax cut for millions who aren't even paying income taxes right now.
They say those who fail to learn the lessons of history are doomed to repeat them. Well, I know my history lessons, and I sure won't make the mistakes Senator Obama will. And were my opponent elected with a Democratic Congress in power, not only would there be no check on my opponent's reckless economic policies, there would be considerable pressure on him to tax and spend even more. This explains how Senator Obama can promise an income tax cut for millions who aren't even paying income taxes right now.
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