I wanted to bring up the economic stimulus option of the candidates. I would like to start with the economic stimulus option of Barack Obama. Barack Obama announced on the campaign trail a Two Hundred and Ten Billion Dollar Reform Package with the intentions of jump starting the economy and creating jobs. Sixty Billion Dollars of the Twenty One Billion Dollars will go to a «bank that will rebuild the infrastructure of highways, hospitals, and highways». One Hundred and Fifty Billion Dollars will go to the creation of a «Green Economically Sound Professional Class». The question is where will the money come from?
Hillary Rodham Clinton accused Barack Obama of taking her economic reform package as his own. So I would ask Hillary Rodham Clinton where we will get Twenty One Billion Dollars.
John Mc Cain before his recent problems with a lobbyist outlined an economic plan that would do the following: reduce the corporate tax rate from 25 to 15 percent, allow a deduction for the first year of investment in equipment and technology, and the establishment of a permanent tax credit. John Mc Cain also missed an important Senate Meeting which was discussing the provisions of an economic package who would benefit his voter base of seniors and disabled vet. Because of his absence, seniors and disabled vets have to contend with a «lighter» version of an economic stimulus package. In addition, 100 years in Iraq is not an economic stimulus but a road to a long nightmare for our future generations. All of this in light of the fact that John Mc Cain was absent 56.7% of the four hundred and fifty votes and the one hundred and tenth Congress. I was unable to gauge the economic reform package of Huckabee but Ron Paul had one economic package that almost made sense.
Ron Paul is in favour of reducing the tax burden with the elimination of taxes that punish investment and savings, and this includes job-killing corporate taxes. Ron Paul wants a Spending Reform that eliminates wasteful spending, reduces commitments overseas, and freeze all non-defenses, non-entitlement spending at their current levels. Ron Paul is also in favour of an open and transparent Federal Reserve with its meetings televised and a return to the silver and gold standard. Ron Paul is also in favour of repealing the Sarbanes/Oxley regulations that force businesses to leave the USA for better investment opportunities elsewhere.
George Phillies has an economic policy which starts with the reduction and abolition of unnecessary spending on government agencies that are not giving back in service what they receive with the money from taxpayers. George Phillies also believes that the War on Iraq has been an economic drain and is in favour of withdrawing from Iraq and other countries where the United States is not needed in order to concentrate on the infrastructure. He proposes making the motto of the United States of America: «We cannot afford that». I am in agreement with that statement and would go further by reducing wasteful spending from politicians to special interest groups. Another concept would be to allow the communities to generate their own revenue and spend it as they see fit.
We are owners of our own destiny and we have no need for excess government spending that will convert us into a poor country. We must choose the President with an economic package that will help us not hurt us. It is for this reason I write about this very important issue.
REFERENCE:
KXNet.com and Associated Press: «Bush economic package…Obama economic plan…Billy Graham has…» Feb 13 2008 6:05PM. Associated Press.
http://www.kxmb.com/getArticle.asp?ArticleId=209197 assessed on the twenty first of February 2008
CTW Connect: «Improved Stimulus Package Fails in Senate By Single Vote; Chamber Passes GOP Alternative Instead»
http://www.changetowin.org/connect/2008/02/improved_stimulus_package_fail.html
Assessed on the twenty first of February 2008
Stach, Kevin; Wall Street Journal: «John McCain’s Economic Stimulus Package»
http://blogs4mccain.com/2008/02/15/john-mccains-economic-stimulus-package/
Assessed on the twenty first of February 2008
PressMediaWire: «Ron Paul Unveils a Real Economic Stimulus Plan” Published 01/24/2008 – 1:17 p.m. GMT http://www.pressmediawire.com/article.cfm?articleID=4972
Assessed on the twenty first of February 2008
www.RonPaul2008.com/Prosperity
Assessed on the twenty first of February 2008
http://phillies2008.org/Assessed on the twenty first of February 2008