the economy: do we know what the candidate's plans are?
By evanslf
@evanslf (484)
September 12, 2008 5:00am CST
I wanted to start a discussion about the US economy which is in bad shape right now. Democrats normally have the edge regarding economic issues but I still don't have a clear idea what Obama is going to do. I think Obama really needs to get his act together here because if he can get it right on the economy he will win the election, but if the election is about other things, then McCain might well win.
I am also not very clear what McCain's plans are, though what I've heard is that they will be broadly traditional Republican prescriptions (ie low taxes, etc.)
Would be grateful for your thoughts and any information that you might have on the candidate's positions re the economy and how they both plan to get us out of this mess.
1 person likes this
4 responses
@newtondak (3946)
• United States
12 Sep 08
I haven't really heard much in this area from either candidate - and I do think it is a very important area that needs to be addressed - before the election! I do know that McCain has hired an expert economist to serve on his staff to advise him in such matters, but haven't heard anything beyond that.
There are rumors that Congress intends to authorize another stimulus payment before the end of the year, but don't know whether that is accurate or not. I don't really feel that the minimal amounts that each family receives are enough to actually do anything for the economy - most of the time it helps catch up on bills they already owe and doesn't go towards new purchases.
As we all know, gas prices are having a huge impact on Americans - much of their paycheck is going to pay for gas to go to and from work instead of to buy new items. Food prices are also taking a big part of everyone's paycheck.
I personally don't think that tax cuts/increases impact each of us all that much - especially to the point of helping the economy. I would rather think that the government needs to get involved in the areas of gas prices and food prices to actually help the economy.
1 person likes this
@thickchic (41)
• United States
12 Sep 08
Whats not clear about giving tax cuts to the middle class working families? What not clear about offering college assitance to students who provide community svc? Whats not clear about an additional $1000 stimulus check for all families who file taxes? Also, what is not clear about companies losing their tax breaks if they continue to send jobs over sees? I mean shall I go on?
What I would like clearified is besides MCCain not cutting taxes for the rich, what specifically will he do? I think folks listen to what they want to listen to...
@xfahctor (14118)
• Lancaster, New Hampshire
12 Sep 08
Anyone who thinks anyone is going to get a tax cut from either of the 2 major candidates this year is going to be in for a big let down. there is so much debt right now and even more going to be added when the whole fannie mae bail out plays out, and so much more going to be spent, well intended spending or otherwise, that we simply can't afford much of a tax cut anywhere as the current structure for the next 4 years stands from either side.
@liscampll (124)
• United States
13 Sep 08
The way the parties think on the economy are exactly opposite.
Republicans tend to believe in "trickle down" economics where businesses are given tax credits in the hopes that if corporations are doing better there will be more jobs and lower prices. We've seen Bush use this strategy. He gave corportaions huge cuts and now 2/3 of corportations don't pay any income taxes. As you all know, during the current Administration, unemployment is at a 5 year high and the cost of everything across the board has skyrockted.
Democrats tend to believe in "trickle up" economics where the people are given tax relief in hopes that they will spend more which will then help the corporations. That's another reason Congress just approved a raise on the minimum wage for the first time in years.
It's up to you as a voter to decide which approach you think is right.