Obama's Economic Plan: Opinions?

[missy1999]

Originally Posted by Fun2Day

You mean raising taxes on Cap gains to drive out foreign investors, raise taxes on people making $42,000/year, taxing small businesses at 65% rate, and creating a welfare state for people who pay $0 in income taxes is an actual "Economic plan"?

If the Obama "economic plan" were to be implemented, this current credit crisis would seem like a pleasure cruise.

Be careful what you wish for. One Obama term and you people would be calling Bush out of retirement and back to work.

I agree. If Obama wins we're screwed. And I bet after he's been in office for a couple of years you won't find anyone who would admit they voted for him.

[compJockey]

Originally Posted by artifice

Tax cuts don't cost they flood the market with revenue and jobs.....even Clinton understood this as he continued to cut taxes in office. Of course he also spent more and created the housing problem but he understood cut taxes and business will flourish adding new jobs and cash flow.

Tax revenue that would normally go to the budget, won't.
That is what is meant by 'cost'.

So instead of helping to balance the budget and work off the debt (a big need, considering paying interest on the debt is 10% of our budget), it will get much worse under McCain.

[artifice]

Originally Posted by compJockey

Tax revenue that would normally go to the budget, won't.
That is what is meant by 'cost'.

So instead of helping to balance the budget and work off the debt (a big need, considering paying interest on the debt is 10% of our budget), it will get much worse under McCain.

No McCain plans to put a freeze on all social programs and end earmarks. 18 trillion a year in wasteful spending would go a long way. Frozen programs will not be allowed to raise the budget on any program until they determine if it is doing its job. If the program is not working it will be shut down and revamped....if it is a social re-distribution of wealth it will be killed.

To balance a budget you have to be a fiscal conservative and not just a conservative. Cut taxes to grow the economy and cut earmarks, and social programs that don't work.

Obama wants to raise taxes and Econ. 101 says you never ever raise taxes in a recession.....you also can never tax your way out of debt as the wealthy and SBO's will revolt when more than 50% is taken from us. Obama will ruin the country with his 1 trillion in a civilian military and national healthcare.

[compJockey]

18 Trillion?
You mean 18 Billion.
And that is less than two months in Iraq.

(but lets stay in Iraq! I, McCain, will cut earmarks! Look at my pretty VP!)

Cutting all earmarks isn't going to happen and the effect of such a thing would be so small next to the US budget that it is hardly worth mentioning.

[ZGACK]

Originally Posted by Repubocrat

Although I had never read his economic plan, I decided to take a look at it today and I do not think it is all that bad. I do not believe in a lot of the Democratic ideas: high taxes, social programs, nanny state etc but in my opinion, his economic plan is much better than Mc Cain's. I am not voting or supporting either candidate but at least, some of Obama's ideas are clearly designed to help the middle class. I have not seen anything coming from Mc Cain that would benefit in any way the middle class. What is your opinion?

Too much government. Promises of more government. BAD for small business. And it will totally rook the middle class taxpayers. Fortunately we won't have to live under it since McCain/Palin is going to WIN

[ShoppingCartLaw]

Originally Posted by kidcanaduh

McCindy has an economic plan?

When do we get to hear it?

Read JohnMcCain.com - McCain-Palin 2008 (http://www.johnmccain.com/Informing/issues/ - broken link)

[artifice]

Originally Posted by compJockey

18 Trillion?
You mean 18 Billion.
And that is less than two months in Iraq.

(but lets stay in Iraq! I, McCain, will cut earmarks! Look at my pretty VP!)

Cutting all earmarks isn't going to happen and the effect of such a thing would be so small next to the US budget that it is hardly worth mentioning.

Yes sorry 18 billion. So you think the problem is just too big so we should do nothing? Sorry but it has to start somewhere....earmarks for wool provisions and a purple potato in Idaho sound like an ideal place to start.
I take it you have never run a company....cutting cost is easy....getting your employees to climb on board a bit more difficult....firing those employees that don't get it and hiring someone twice as efficient......priceless.
The war in Iraq has not yet surpassed WWII....if we were energy independent we would not have the deficit that we do.
Add the 18 billion for earmarks to the 750billion for foreign oil and now we are getting somewhere.

You are aware that Obama made sure a little provision was in the bailout bill that will allow you to change the principle amt. on your home aren't you......how does that help the mess we are in? That just forces banks to allow those that can't afford their home to take 50-75 years to pay for it....bad program from Mr. Moron Obama.

[paullySC]

Originally Posted by Repubocrat

Although I had never read his economic plan, I decided to take a look at it today and I do not think it is all that bad. I do not believe in a lot of the Democratic ideas: high taxes, social programs, nanny state etc but in my opinion, his economic plan is much better than Mc Cain's. I am not voting or supporting either candidate but at least, some of Obama's ideas are clearly designed to help the middle class. I have not seen anything coming from Mc Cain that would benefit in any way the middle class. What is your opinion?

Obama's economic plan is a joke. And McCain's is just as bad. The only justification I hear from the liberals is 'he'll cut taxes for the middle class!'.
If you look at Obama's site his plans for spending are through the roof. He wants to the govt. to give people who make under 75,000 50% on the dollar for the first 1000 they save. Like a govt 401k, what the hell

[compJockey]

Originally Posted by artifice

Yes sorry 18 billion. So you think the problem is just too big so we should do nothing? Sorry but it has to start somewhere....earmarks for wool provisions and a purple potato in Idaho sound like an ideal place to start.

Take a look at the budget and tell me what you see that should be cut.

I think McCain either does not have a plan, or he's keeping non-specific so he doesn't **** off potential voters.

Obama's tax plan may allow him to balance the budget at some point. There's been a ton of good information posted in this forum.

Lot of false information too, but hey .. its an internet forum, so watch where you step.

[Donn2390]

Dumbo will destroy our country if he gets elected, he is a radical crazy. He will bring in Rev Wright, and willian Areys to help destroy us.