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McCain won’t help poor, middle class
Wednesday, Sept. 10, 2008 | 2:02 a.m.
After listening to John McCain’s acceptance speech Thursday I’m a little leery that we may be in for four more years of the same if he is elected president. He said he will cut taxes and programs, and you can bet your bottom dollar those programs will not affect the rich or big companies and corporations.
So if you’re a working poor person or in what’s left of the middle class, be afraid, be very afraid. And remember you get what you vote for.
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Obama wants to raise taxes on job creation capital investments.
McCain wants to increase incentives for job creation capital investments.
If you want bigger government and less private jobs then vote for Obama.
If you want smaller government and more private jbos then vote for McCain.
The real loser will be the lowest income people. The ones that don't pay any taxes. Why? Because half of Obama's tax "cuts" are payments under the earned income credit. This is where we send checks to the people that didn't pay ANY taxes. It's a new name for welfare that doesn't sound as bad, but a refund of money you didn't pay isn't a refund, its welfare. Why would we vote to pay higher taxes to send money to people who never paid any? It's Nancy and Harry's plan and Obama will deliver it. What a joke.
John McCain
Sept 4, 2008
I will keep taxes low and cut them where I can. My opponent will raise them. I will open new markets to our goods and services. My opponent will close them. I will cut government spending. He will increase it.
My tax cuts will create jobs. His tax increases will eliminate them. My health care plan will make it easier for more Americans to find and keep good health care insurance. His plan will force small businesses to cut jobs, reduce wages, and force families into a government run health care system where a bureaucrat stands between you and your doctor.
Keeping taxes low helps small businesses grow and create new jobs. Cutting the second highest business tax rate in the world will help American companies compete and keep jobs from moving overseas. Doubling the child tax exemption from $3500 to $7000 will improve the lives of millions of American families. Reducing government spending and getting rid of failed programs will let you keep more of your own money to save, spend and invest as you see fit. Opening new markets and preparing workers to compete in the world economy is essential to our future prosperity.
John McCain
Sept 4, 2008
"Education is the civil rights issue of this century. Equal access to public education has been gained. But what is the value of access to a failing school? We need to shake up failed school bureaucracies with competition, empower parents with choice, remove barriers to qualified instructors, attract and reward good teachers, and help bad teachers find another line of work.
When a public school fails to meet its obligations to students, parents deserve a choice in the education of their children. And I intend to give it to them. Some may choose a better public school. Some may choose a private one. Many will choose a charter school. But they will have that choice and their children will have that opportunity.
Senator Obama wants our schools to answer to unions and entrenched bureaucracies. I want schools to answer to parents and students. And when I'm president, they will."
John McCain
Sept 4, 2008
"I know some of you have been left behind in the changing economy and it often seems your government hasn't even noticed. Government assistance for unemployed workers was designed for the economy of the 1950s. That's going to change on my watch. My opponent promises to bring back old jobs by wishing away the global economy. We're going to help workers who've lost a job that won't come back, find a new one that won't go away.
We will prepare them for the jobs of today. We will use our community colleges to help train people for new opportunities in their communities. For workers in industries that have been hard hit, we'll help make up part of the difference in wages between their old job and a temporary, lower paid one while they receive retraining that will help them find secure new employment at a decent wage."
Frank Miles just has selective listening skills.
So maybe Frank Miles can read the posting of what John McCain said in his acceptance speech September 4th.
Sure it is not Obama's job killing redistribution economics, McCain is about getting job growth.
McCain's brilliant "job creating" "pro-growth" economic plan will borrow $5 trillion from China and Dubai to keep the United States afloat.
What happens when we have to pay that back?
Why won't the Republicans acknowledge that McCain's plan will stifle growth through extraordinary deficit spending?
Why are they hiding from the effects of McCain's plan?
I'd rather not borrow more money from China to create jobs. Wouldn't that be like taking out a payday loan? Eventually, it has to be paid back, and at a much higher cost.
McCain's plan effectively continues the Bush economic plan. There's little discernable difference between the two. And where are we under Bush's plan? Stagnant growth, higher unemployment, a weak dollar, massive deficit spending. And McCain wants to CONTINUE those policies?
We need to bring down the national debt, not inflate it to $5 trillion like John McCain plans to do.
Obama's economic plan promises new jobs, a return to the growth-spurring economic policies of the Clinton administration, and 30% lower national debt than McCain's plan.
Clinton presided over one of the largest periods of uninterrupted growth in American history. It's time we say "enough" to George Bush and John McCain's economic plan and push forward.
Obama wants to increase taxes on capital job creation investments.
LOL.......That will really help Las Vegas and Nevada.
Let's face it people, the working poor and the lower middle class are always going to get the shaft no matter who is in the White House. Remember Bill Clinton? He claimed to be a champion of the poor and the lower middle class and he dumped them as soon as he was elected.
Nance, how will McCain's $5 trillion national debt help create jobs?
Other than borrowing all that cash from China to pay for the Bush/McCain economic policies?
LOL, clueless.
How does increasing taxes on job creation investments create jobs?
LOL...both you and Obama are clueless.
Shhhssss....I heard a rumor that Obama might change his tax plan again (for the 100th time).
Can't answer the question, huh?
You're entirely debunked, kiddo!
You can't ignore McCain's $5 trillion national debt. It hangs over your head like an ACME anvil. It also demonstrates that McCain's economic plan MIRRORS that of Bush: borrow and spend, borrow and spend. Let's see, that's been in action for eight years or so, and how's it doing? It surely isn't creating jobs!
Show me where Obama will "increase taxes on job creation investments."
He's going to revert most taxes to the same level they were in the Clinton administration.
How are those levels awful when so many jobs were created during his administration?
Simple answer: they won't stop job creation. Take a look at history and at the number of jobs created during the Clinton administration.
History proves you wrong, yet again, Nance!
You can not answer that Obama taxes on job creation capital investments will not create jobs either.
I obviously do not accept your $5 trillion number for it comes from the National Tax Policy Center which is really just a joint venture from two liberal think-tanks.
Even in their report they admit there numbers are just guesses adn that are relying on their own assumptions about details in both candidates plan.
They do not give credit to McCain's plan to create economic growth because they have left wing bais.
Nor do that take into account Obama's overly optimistic plan that grossly under estimates the cost of his health plan nor his over estimates on health care savings. Many say that Obama plan will trigger trillion dollar deficits because all Obama wants to do is spend, spend and spend.
"...capital job creation investments..."
Jim, I've asked you so many, many times to explain what you mean by this and you have ignored every request.
Here's another question for you: How will "capital job creation investments" HELP Las Vegas and Nevada when our very own state government will do NOTHING to DIVERSIFY our economy?
Again, to watch local TV, you'd think we have four industries here:
1. Gambling
2. Lawyers
3. Furniture Stores
4. Car Dealers
We could have a thriving IT industry here, but the majority of those jobs were shipped overseas. We could have a thriving distribution industry here but no one appears to have pursued that. There are so many industries that would be a perfect match for this place - manufacturing, for one. But it appears that no one pursues any of this. So I ask you ... How will ANY "capital job creation investments" help Nevada's and Las Vegas' economy if those economies are not DIVERSIFIED?
Do you really believe that if the uber-wealthy get their tax cuts, which ostensibly are to be earmarked for "capital job creation investments", they will actually USE that money for "capital job creation investments"?
Or do you think they'll most likely take those windfalls and "invest" them in offshore, tax-haven accounts?
The bottom line is that "capital job creation investments" are not the answer. Preventing corporations from outsourcing the jobs IS the answer. And that particularly nasty practice cuts across party lines, lest you think I'm being partisan.
BTW, it was very early and I flagged my own post for deletion. I'm going to try to curb my snarky remarks in the hope that others will attempt the same.
"I obviously do not accept your $5 trillion number for it comes from the National Tax Policy Center which is really just a joint venture from two liberal think-tanks."
Don't backpedal.
You've used their numbers in the past to ridicule the middle-class tax cut that Obama has proposed.
Now, suddenly you reject it?
LOL, how convenient!
Again, how will reverting to the Clinton tax structure kill jobs? You so conveniently skipped over that entire point.
Patricia, that's the rub:
We've tried the trickle-down economic theory twice. Once in the 80's, and now.
It didn't work in the 80's.
It hasn't worked now.
The true job creation took place in the '90's, with Clinton's tax policies and tax burdens. Then Bush took office, extended HIS tax cuts to the wealthiest, and what resulted?
Unemployment rose.
Sorry, Nance, the cause/effect rule definitely debunks your candidate's economic policy. Or should I say, the Bush-McCain economic policy.
Explain how returning to the tax burdens of Clinton will not result in the same economic expansion and job growth. History proves it worked.
I never used the $5 trillion number.
That bs has always come from you, theBS.
It is a fact. Obama wants to increase taxes on job creation capital investments.
That will hurt Las Vegas and Nevada.
Oh, so you want to PICK AND CHOOSE facts from the same report which you believe?
But you just said you didn't trust their figures, even though you've been QUOTING THEM for over a month?
LOL! How pathetic.
Show me where Obama will "increase taxes on job creation investments."
He's going to revert most taxes to the same level they were in the Clinton administration.
How are those levels awful when so many jobs were created during his administration?
Simple answer: they won't stop job creation. Take a look at history and at the number of jobs created during the Clinton administration.
History proves you wrong, yet again, Nance!
Ok.....increasing taxes on capital job creation investments will create jobs.
Sounds like Obamanomics......
So explain to me how reverting back to Clinton-level taxes, which helped spur the largest expansion of the US economy IN HISTORY, will kill jobs?
It created them in the past, what has changed?
That's right, nothing.
All you have is your broken sound byte.
You can repeat yourself all you want, without arguing the FACTS, you're just screaming into the wind.
Obama step 1:
Discourage investments in capital job creations investments.
Obama step 2:
Via magic beans, step 1 will result in capital investments that create jobs.
Obamamonics at work!!!!
It's the Clinton economic theory, and it worked.
That's why you can't disprove it.
Poor Nance, stuck on repeat, running in a circle.
You are right that Clinton economic theory worked.
In 1997, Clinton cut the captial job creation investment tax (capital gains) from 28% to 20%.
It worked!!!!!!!!
Obama is plaing on raising taxes on capital job creation investments and according to Clinton economic theory that will hurt jobs.
Obama should listen to Clinton.
According to the Tax Policy Center's findings, the common assumptions most people make about the plans of McCain, the presumptive Republican nominee, and Obama, the Democrats' pick, are not wildly off-base.
McCain: The average taxpayer in every income group would see a lower tax bill, but high-income taxpayers would benefit more than everyone else.
Obama: High-income taxpayers would pay more in taxes, while everyone else's tax bill would be reduced. Those who benefit the most - in terms of reducing their taxes as a percentage of after-tax income - are in the lowest income groups.
BREAKING DOWN THE NUMBERS
Here's how the average tax bill could change in 2009 if either John McCain's or Barack Obama's tax proposals were fully in place.
MCCAIN / OBAMA
Income Avg. tax bill Avg. / tax bill
Over $2.9M: -$269,364 / +$701,885
$603K and up: -$45,361 / +$115,974
$227K-$603K: -$7,871 / +$12
$161K-$227K: -$4,380 / -$2,789
$112K-$161K: -$2,614 / -$2,204
$66K-$112K: -$1,009 / -$1,290
$38K-$66K: -$319 / -$1,042
$19K-$38K: -$113 / -$892
Under $19K: -$19 / -$567
Link to the full article: http://money.cnn.com/2008/06/11/news/eco...
You're right. McCain will continue to erode the working class. Anybody hear the news about the Fannie/Freddie heads leaving with millions for the wonderful job they did, while taxpayers will pay? How many times have we heard similar stories now, CEO's leaving with millions, while the "government" (us) bails the company out? You can put lipstick on a greedy CEO...
This and a stupid, wasteful, war that has killed thousands of innocents in Iraq as well as our own soldiers, and the erosion of respect for America all around the world - these are the legacies of Bush.
Now McCain, who admits he doesn't know much about economics, wants to continue the deregulation and lowering of taxes for those who already have made way too much off the backs of average people. Unbelievable that anybody will vote Republican.
Obama is neck deep in Fannie/Freddie ex-CEO's as lead advisors and both are involved in scandals.
Obama sure can pick them.
One use to be in-charge of finding his VP.
http://topics.nytimes.com/top/reference/...
Raines is one of Obama key economic advisors.
He got one of those golden retirement plans.
And he was part of an accounting sandal.
"Bill Clinton's former budget director and current Obama advisor Franklin Raines, who served as chairman and CEO of Fannie from 1999 to 2004, pocketed $52 million in pay and bonuses while at the helm. No surprise that Fannie's earnings were overstated by nearly 50% during that time, and subsequently had to be "restated" downwards by $3 billion."
http://biz.yahoo.com/ibd/080908/general....
http://www.usatoday.com/money/economy/20...
http://www.cbsnews.com/stories/2004/12/2...
Once again, Nance, I CHALLENGE YOU to answer 2 simple questions. I know you are afraid of me and cannot find the guts to answer them. Still to prove to the world what a clueless coward you are:
1. Do you support the idea that Alaska should secede from the United States, YES OR NO?
2. Do you support a member of a church that advocates the idea that Armageddon is approaching, and that it would be a good thing to unleash our "New-Clear" arsenal upon our enemies, in order to bring this about, YES OR NO?
I know you are afraid to answer, so why not copy and paste your B.S. Alaska Democrat blather.
"And he was part of an accounting sandal."
Someone call the newspapers! There's an accounting sandal!
Was it open-toed or closed? Leather?
Can it do my taxes?
LOL.
"You are right that Clinton economic theory worked. In 1997, Clinton cut the captial job creation investment tax (capital gains) from 28% to 20%. It worked!!!!!!!! Obama is plaing on raising taxes on capital job creation investments and according to Clinton economic theory that will hurt jobs. Obama should listen to Clinton."
So let me get this straight, this is all about the capital gains tax? You think there's a direct correlation between the capital gains rate and job creation?
Um, Nance, Bush cut the capital gains rate to 15%... in 2003. Look at the key indicators, the DJIA, home ownership, inflation, the deficit, unemployment to see how that worked out for us.
So, with a 15% tax rate, those magical jobs haven't appeared. In fact, the Bush administration projected job creation from July 2003, six months after the rate was cut, to September of 2004...
The actual result? The number of jobs created fell short of the projection by 2.8 MILLION jobs in only 14 months.
Uh, the lowered capital gains tax really didn't accomplish anything NEAR what you apparently think it will.
Also, McCain has no intentions of cutting the capital gains tax further, according to his own website.
It seems reality, again, infringes on your loony worldview.
So under Clinton, five years of a 28% capital gains tax and three years of a 20% rate, and unprecedented growth.
Under Bush, five years of a 15% capital gains tax and we get... this? THIS? You think 2008 is better?
LOL, clueless.
In my humble opinion, I believe the cost of health care insurance is holding down employment. Who can afford to hire anyone and pay for health coverage at the same time?
I own several businesses so I know what I am talking about. Wages are expensive, but health insurance costs are going through the roof!
TUESDAY, April 29 (HealthDay News) -- Employer-based health insurance premiums have skyrocketed at a pace that far exceeds the rate of American wage increases since 2000, a new study reveals.
According to an analysis of government statistics being released Tuesday by the Robert Wood Johnson Foundation (RWJF), the average dollar amount employees must pay per year for family health coverage went up by 30 percent from 2001 to 2005. During that time, incomes increased by just 3 percent.
Health care consumes 2 out of every 10 dollars earned in this country. If we are going to "grow" the economy, everyone will need to either give up health benefits, pay more for coverage (kills employment) or cap premiums with government intervention.
This truly is one issue that will "kill" the goose that lays all of our eggs.
theBS is changing his story.
Before it was look at Clinton.....look at Clinton...see see he has a great economic policy.
Now...it is ugggg....oppps...Clinton cut the capital gains tax....mmmmmm...lets change the story....now
Nance, argue the facts, like I did.
Under a 20%/28% capital gains, the economy grew.
Under Bush's 15% capital gains, the economy has not had nearly the success as Clinton's economy.
Bush overestimated the job creating benefits of cutting the capital gains... to the tune of 2.8 MILLION jobs in 14 months.
Simply, there's no direct correlation between creating jobs and capital gains.
You're flailing.
Bush didn't overestimate (or misunderestimate LOL) anything.
That money went into tax havens that are only available to the uber-wealthy. He knew exactly what he was doing.
Lest we forget, that's his "base" (in his own words).