Comments on: McCain, Obama deliver speeches on economic policy

Comments on: McCain, Obama deliver speeches on economic policy http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/ Covering the fallout of the 2010 elections Tue, 09 Mar 2010 02:29:43 -0600 http://wordpress.org/?v=2.8.5 hourly 1 By: Babs http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-138853 Babs Mon, 22 Sep 2008 16:38:35 +0000 http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-138853 Small businesses will be affected by Obama's tax package in more than one way. First of all, when he says he will raise corporate tax, understand that small businesses are also corporations in most cases, so they are included in his corporate tax hikes. More taxes on small corporations means less money in the budget for expansion and hiring, and higher prices on the retail side - both of which affects the general economy and YOU, the consumer. If they're not incorporated, like many farmers are not, and file individual taxes, they are likely to be subjected to the higher tax rate that will be applied to the $250,000 tax bracket. In the case of the farming industry, this will also affect labor numbers and drive up the price of their products, which in turn affects the general economy and YOU. These are just two areas, but are the areas that affect me personally, so it's the areas I've studied most closely. Someone else may be able to add more to the discussion. Small businesses will be affected by Obama’s tax package in more than one way. First of all, when he says he will raise corporate tax, understand that small businesses are also corporations in most cases, so they are included in his corporate tax hikes. More taxes on small corporations means less money in the budget for expansion and hiring, and higher prices on the retail side – both of which affects the general economy and YOU, the consumer. If they’re not incorporated, like many farmers are not, and file individual taxes, they are likely to be subjected to the higher tax rate that will be applied to the $250,000 tax bracket. In the case of the farming industry, this will also affect labor numbers and drive up the price of their products, which in turn affects the general economy and YOU.

These are just two areas, but are the areas that affect me personally, so it’s the areas I’ve studied most closely. Someone else may be able to add more to the discussion.

]]> By: Melvin http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-138788 Melvin Mon, 22 Sep 2008 14:30:34 +0000 http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-138788 Well NZ, I do have to agree on that last post. With the current request of 700+ ***BILLION*** from the administration. The tax payers are taking a very big hit again. The first step that should be taken when our government bails out any company is the immediate termination of EVERY EXECUTIVE. The nullification of any bonuses. The placement of entire new board of directors. Lets face it the current people obviously didn't do their jobs and shouldn't get money for it. Well NZ,

I do have to agree on that last post. With the current request of 700+ ***BILLION*** from the administration. The tax payers are taking a very big hit again.

The first step that should be taken when our government bails out any company is the immediate termination of EVERY EXECUTIVE. The nullification of any bonuses. The placement of entire new board of directors. Lets face it the current people obviously didn’t do their jobs and shouldn’t get money for it.

]]> By: nzpudding http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-137594 nzpudding Sun, 21 Sep 2008 02:16:00 +0000 http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-137594 You'll have to provide links O_S as to where you get your information, and I mean proper links not some far-right lets-twist-the-facts propoganda nonsense links either. What I find amusing is the fact that people who don't like Obama saying he's going to raise their taxes (when they don't provide any evidence) yet the Republican government this past week has spent $Trillion of tax payers money on bailing out giant corporations where the executives are getting $millions in salaries and they hardly mention it. You’ll have to provide links O_S as to where you get your information, and I mean proper links not some far-right lets-twist-the-facts propoganda nonsense links either.

What I find amusing is the fact that people who don’t like Obama saying he’s going to raise their taxes (when they don’t provide any evidence) yet the Republican government this past week has spent $Trillion of tax payers money on bailing out giant corporations where the executives are getting $millions in salaries and they hardly mention it.

]]> By: OBAMA_SUCKS http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-137412 OBAMA_SUCKS Sat, 20 Sep 2008 20:34:43 +0000 http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-137412 Have you looked at every tax Obama is going to raise, and I mean every one. It is deadly to small businesses and I mean deadly. Have you looked at every tax Obama is going to raise, and I mean every one. It is deadly to small businesses and I mean deadly.

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]]> By: Dreadsen http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-137365 Dreadsen Sat, 20 Sep 2008 19:15:58 +0000 http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-137365 Ralph Nader talks about ending corporate welfare. There is definitely an inconsistency in this rally against welfare. If people are going to complain about people living high off the hog they should look at the amount of money we send to all these foreign countries. If you are against welfare for people in need IN OUR country then you have to be outraged at the poor people in need in OTHER COUNTRIES who we continue to send money to. So we send money to poor in other countries even countries who are considered not friendly. We give loads of money to corporate companies who have probably mis managed their businesses the same way some poor people mis manage their lives. If we are going to point at someone in poverty and say they deserve to starve and die because they are not taking responsibilities in their lives then the corporations need to DIE who also are not taking responsibility. When these people see and understand how no one cares for their well being but they care for people in other countries and large corporation you can't help but understand the anger. That's why i don't understand now fiscal conservative ideas have been changed over the years. If you are for welfare then support all of it across the board. If you are against it then rally against all of it with the same passion. Ralph Nader talks about ending corporate welfare.
There is definitely an inconsistency in this rally against welfare.
If people are going to complain about people living high off the hog they should look at the amount of money we send to all these foreign countries.
If you are against welfare for people in need IN OUR country then you have to be outraged at the poor people in need in OTHER COUNTRIES who we continue to send money to.
So we send money to poor in other countries even countries who are considered not friendly.
We give loads of money to corporate companies who have probably mis managed their businesses the same way some poor people mis manage their lives. If we are going to point at someone in poverty and say they deserve to starve and die because they are not taking responsibilities in their lives then the corporations need to DIE who also are not taking responsibility.
When these people see and understand how no one cares for their well being but they care for people in other countries and large corporation you can’t help but understand the anger.
That’s why i don’t understand now fiscal conservative ideas have been changed over the years.
If you are for welfare then support all of it across the board.
If you are against it then rally against all of it with the same passion.

]]> By: Christopher Schwinger http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-137302 Christopher Schwinger Sat, 20 Sep 2008 17:09:54 +0000 http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-137302 I am not deceived by McCain's attempts to sound like a proponent of free markets. Look who his pal is: Phil Gramm. I am not deceived by McCain’s attempts to sound like a proponent of free markets. Look who his pal is: Phil Gramm.

]]> By: PeoplePower http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-137295 PeoplePower Sat, 20 Sep 2008 16:50:43 +0000 http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-137295 Folks - I'm *largely* opposed to corporate bailouts, but I can also empathize with the harm it would do to the workforce. That being said, if a major financial company went belly-up, there are tons of other companies in that sector that could hire a majority of the failed-company's workers. So a good number of them could find another job, or maybe start their own company. Still, certainly some would suffer, but that's a part of the system we live in. What really needs to be set right is the huge disparity between CEO pay and a regular worker's pay. Before Reagan took office, the scale was about 40-to-1. Kinda high, but the CEO has a big responsibility. Now it's somewhere in the 440-to-1 range. That's extraordinarily excessive! I know directing a company is difficult work, but the company wouldn't exist w/o the workers... At the very least, if a company goes belly-up, the person who gets all the credit for the good times should get most, or all, of the blame for the bad. The cry of supporters of this huge wage gap say that the CEO guides the company to be better. Why should they have such an extraordinary golden parachute if they guide the company off a cliff? Folks –

I’m *largely* opposed to corporate bailouts, but I can also empathize with the harm it would do to the workforce.

That being said, if a major financial company went belly-up, there are tons of other companies in that sector that could hire a majority of the failed-company’s workers. So a good number of them could find another job, or maybe start their own company. Still, certainly some would suffer, but that’s a part of the system we live in.

What really needs to be set right is the huge disparity between CEO pay and a regular worker’s pay. Before Reagan took office, the scale was about 40-to-1. Kinda high, but the CEO has a big responsibility. Now it’s somewhere in the 440-to-1 range. That’s extraordinarily excessive!

I know directing a company is difficult work, but the company wouldn’t exist w/o the workers…

At the very least, if a company goes belly-up, the person who gets all the credit for the good times should get most, or all, of the blame for the bad.

The cry of supporters of this huge wage gap say that the CEO guides the company to be better. Why should they have such an extraordinary golden parachute if they guide the company off a cliff?

]]> By: PeoplePower http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-137291 PeoplePower Sat, 20 Sep 2008 16:43:12 +0000 http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-137291 Let me add to that request, O_S and others who agree with O_S. I keep seeing you say that Obama is going to tax small business. Where are you getting that from and what makes you think he'd tax your hardware store? Of course, if your hardware store is making huge profits (doubt it, but this is hypothetical), then you probably owe a little more in taxes...And I *do* mean *HUGE* profits! I can't put a number on it, as I don't know how much profits are made at a typical hardware store. Let me add to that request, O_S and others who agree with O_S.

I keep seeing you say that Obama is going to tax small business. Where are you getting that from and what makes you think he’d tax your hardware store?

Of course, if your hardware store is making huge profits (doubt it, but this is hypothetical), then you probably owe a little more in taxes…And I *do* mean *HUGE* profits! I can’t put a number on it, as I don’t know how much profits are made at a typical hardware store.

]]> By: Pats http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-137269 Pats Sat, 20 Sep 2008 15:50:43 +0000 http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-137269 nzpudding, I agree with you. Throughout the campaign Obama talked about taxing the top 5% of companies that make record profit each year. Please O_S explain furhter. nzpudding, I agree with you. Throughout the campaign Obama talked about taxing the top 5% of companies that make record profit each year. Please O_S explain furhter.

]]> By: nzpudding http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-137066 nzpudding Sat, 20 Sep 2008 08:47:16 +0000 http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-137066 O_S, you'll have to explain your logic (don't laugh everyone...LOL) because from what I can gather Obama is all too keen to shaft the the top 5% of companies that make record profits NOT the small businesses. O_S, you’ll have to explain your logic (don’t laugh everyone…LOL) because from what I can gather Obama is all too keen to shaft the the top 5% of companies that make record profits NOT the small businesses.

]]> By: Ed Read http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-136994 Ed Read Sat, 20 Sep 2008 06:14:38 +0000 http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-136994 hey people ! nyth just hit right on the center of the center of the issue, good for him !. I'm glad to finally read someone smart. The Bush administration & surrogates, like McCain, created this economic meltdown with their war economy policies that is putting in very serious danger not only the U.S. but the Americam continent (I mean all the countries tied to the U.S. one in this continent) That's why is so necessary to elect to have a Real Change, that means to vote for Obama and expose all the lies McCain is saying. hey people !

nyth just hit right on the center of the center of the issue, good for him !.

I’m glad to finally read someone smart.

The Bush administration & surrogates, like McCain, created this economic meltdown with their war economy policies that is putting in very serious danger not only the U.S. but the Americam continent (I mean all the countries tied to the U.S. one in this continent)

That’s why is so necessary to elect to have a Real Change, that means to vote for Obama and expose all the lies McCain is saying.

]]> By: OBAMA_SUCKS http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-136983 OBAMA_SUCKS Sat, 20 Sep 2008 05:48:54 +0000 http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-136983 I say look at it like this. Small businesses run and fuel America. As a small local hardware store owner I know that with Obama's tax hikes my business is going to be hurt severely. I think all small business owners should know and go over all the taxes Obama is going to raise on us. Those taxes ain't no tax cut for my middle class family. Will it be for yours? I say look at it like this. Small businesses run and fuel America. As a small local hardware store owner I know that with Obama’s tax hikes my business is going to be hurt severely. I think all small business owners should know and go over all the taxes Obama is going to raise on us. Those taxes ain’t no tax cut for my middle class family. Will it be for yours?

]]> By: nyth http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-136908 nyth Sat, 20 Sep 2008 02:57:41 +0000 http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-136908 I don't quite remember the numbers, but don't we spend nearly $50 billion a week in Iraq? Now, I agree that giving $50 billion to "the poor" is nothing more than a publicity stunt, solving nothing. But really, isn't giving money - some of it which might actually help people in need out - better than spending it on napalm? Don't get me wrong, I think that a vote for either major candidate is a vote for war. I don’t quite remember the numbers, but don’t we spend nearly $50 billion a week in Iraq? Now, I agree that giving $50 billion to “the poor” is nothing more than a publicity stunt, solving nothing. But really, isn’t giving money – some of it which might actually help people in need out – better than spending it on napalm?

Don’t get me wrong, I think that a vote for either major candidate is a vote for war.

]]> By: Mel http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-136837 Mel Fri, 19 Sep 2008 23:52:28 +0000 http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-136837 Following is the FACT CHECK McCain's speech was Partially true, but misleading. Donations don't come from companies. A list of employee contributions puts Obama second, but a different list including lobbyists and directors shows McCain getting more. If you look at the FACT CHECK about the tax related accusation by McCain, you will see his claims are misleading, not the whole truth. Following is the FACT CHECK
McCain’s speech was Partially true, but misleading. Donations don’t come from companies. A list of employee contributions puts Obama second, but a different list including lobbyists and directors shows McCain getting more.
If you look at the FACT CHECK about the tax related accusation by McCain, you will see his claims are misleading, not the whole truth.

]]> By: Babs http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-136796 Babs Fri, 19 Sep 2008 20:41:58 +0000 http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-136796 I don't either, O_S, I just read a new news article titled "Obama laments National Debt, but backs billions for UN". I just don't understand his logic. He's proposing $50 BILLION dollars for World Poverty, when our own country is next door to bankruptcy. Where is his head on this one?? Is he raising taxes so we can line the pockets of the rich in other countries? "Johns Hopkins professor Steve Hanke said such spending would merely drive up American debt, while doing almost nothing for the worldâ€™s poor. â€œIt goes down a bureaucratic rat-hole, lining the pockets of people who are connected to the power structure,â€ said Hanke, a senior fellow at the Cato Institute. â€œItâ€™s basically a system to redistribute income from middle class people in the United States to rich people in poor countries. It never reaches those people who are living on a dollar a day.â€ I don’t either, O_S, I just read a new news article titled “Obama laments National Debt, but backs billions for UN”. I just don’t understand his logic. He’s proposing $50 BILLION dollars for World Poverty, when our own country is next door to bankruptcy. Where is his head on this one?? Is he raising taxes so we can line the pockets of the rich in other countries?

“Johns Hopkins professor Steve Hanke said such spending would merely drive up American debt, while doing almost nothing for the worldâ€™s poor.

â€œIt goes down a bureaucratic rat-hole, lining the pockets of people who are connected to the power structure,â€ said Hanke, a senior fellow at the Cato Institute. â€œItâ€™s basically a system to redistribute income from middle class people in the United States to rich people in poor countries. It never reaches those people who are living on a dollar a day.â€

]]> By: OBAMA_SUCKS http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-136791 OBAMA_SUCKS Fri, 19 Sep 2008 20:30:36 +0000 http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-136791 I am happy to see McCain got out there first and gave his speech. He gave a great speech and I believe was very much right to the point and has a good formula for this economy. On the other hand Obama gave a great speech to, but i do not believe in the ways he does, and i do not believe in raising tax after tax after tax, in this situation, especially raising taxes on small businesses, who are the ones that really fuel our economy. I am happy to see McCain got out there first and gave his speech. He gave a great speech and I believe was very much right to the point and has a good formula for this economy. On the other hand Obama gave a great speech to, but i do not believe in the ways he does, and i do not believe in raising tax after tax after tax, in this situation, especially raising taxes on small businesses, who are the ones that really fuel our economy.

]]> By: Babs http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-136775 Babs Fri, 19 Sep 2008 19:46:41 +0000 http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-136775 On this issue, we agree. They are both saying basically the same thing, and it's all hypothetical. Very easy to say what you think should happen or what you would do "if it were you", but no different than if you or I say it. None of us have the authority to do anything about it. The job is being done by the current President, and yes, we actually have one. I do know that McCain was right two years ago, and had he been successful in his attack about F/F, maybe this wouldn't have happened - at least to them. And I do think that there's not enough regulation of Wall Street and Banking corps that are so large they can ruin our economy with their mismanagement to the point of literally throwing us into another Depression. The business down the street mismanages, they bankrupt and start over - some creditors get burned, and they learn to be more careful who they give credit to. These corporations are different, but should they be? Doesn't F/F almost compare to a monopoly? And aren't monopolies a dangerous thing? On this issue, we agree. They are both saying basically the same thing, and it’s all hypothetical. Very easy to say what you think should happen or what you would do “if it were you”, but no different than if you or I say it. None of us have the authority to do anything about it. The job is being done by the current President, and yes, we actually have one.

I do know that McCain was right two years ago, and had he been successful in his attack about F/F, maybe this wouldn’t have happened – at least to them.

And I do think that there’s not enough regulation of Wall Street and Banking corps that are so large they can ruin our economy with their mismanagement to the point of literally throwing us into another Depression. The business down the street mismanages, they bankrupt and start over – some creditors get burned, and they learn to be more careful who they give credit to. These corporations are different, but should they be? Doesn’t F/F almost compare to a monopoly? And aren’t monopolies a dangerous thing?

]]> By: JD http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-136769 JD Fri, 19 Sep 2008 19:00:47 +0000 http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-136769 Babs - "I didnâ€™t agree with him but I got it." I am glad we are back to talking about the issues, again. I was running out of one liners and was going to have to start googling some new ones. So let me ask what didn't you agree with specifically? Also, I thought both McCain and Obama hit the nail on the head in saying that there needs to be accountability in the market and not just bailouts. I feel too often corporations hate the government involvement unless they are failing then they come crying back. If we are willing to let citizens go bankrupt then we should be doing the same for companies. Babs â€“ â€œMaybe Iâ€™m just so used to hearing him bash McCain that when he actually talks about something Iâ€™m stunned.â€ I thought it was interesting that McCain went after Obama for his Tax cuts but then went on and talked about how he was going to give 5000 dollars to every family to help them afford healthcare. It is like they are saying the same thing but both parties are pawning it off like they are different from each other. But I like Obama more. Babs – “I didnâ€™t agree with him but I got it.”

I am glad we are back to talking about the issues, again. I was running out of one liners and was going to have to start googling some new ones.

So let me ask what didn’t you agree with specifically?

Also, I thought both McCain and Obama hit the nail on the head in saying that there needs to be accountability in the market and not just bailouts.

I feel too often corporations hate the government involvement unless they are failing then they come crying back. If we are willing to let citizens go bankrupt then we should be doing the same for companies.

Babs â€“ â€œMaybe Iâ€™m just so used to hearing him bash McCain that when he actually talks about something Iâ€™m stunned.â€

I thought it was interesting that McCain went after Obama for his Tax cuts but then went on and talked about how he was going to give 5000 dollars to every family to help them afford healthcare.

It is like they are saying the same thing but both parties are pawning it off like they are different from each other.

But I like Obama more.

]]> By: Babs http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-136765 Babs Fri, 19 Sep 2008 18:42:42 +0000 http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-136765 ha ha, JD. McCain's speech I got - his language is to the point. I heard another portion of Obama's on the tube that was a little clearer, I didn't agree with him but I got it. This video left me saying "huh"? Maybe I'm just so used to hearing him bash McCain that when he actually talks about something I'm stunned. He made a U-turn on me. ha ha, JD. McCain’s speech I got – his language is to the point. I heard another portion of Obama’s on the tube that was a little clearer, I didn’t agree with him but I got it. This video left me saying “huh”? Maybe I’m just so used to hearing him bash McCain that when he actually talks about something I’m stunned. He made a U-turn on me.

]]> By: JD http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-136759 JD Fri, 19 Sep 2008 18:16:24 +0000 http://www.youdecidepolitics.com/2008/09/19/mccain-obama-deliver-speeches-on-economic-policy/#comment-136759 "Am I having a senior moment?" Its ok Babs... McCain's entire speech is a senior moment. “Am I having a senior moment?”

Its ok Babs… McCain’s entire speech is a senior moment.

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