"http://www.ontheissues.org/celeb/Barack_Obama_Budget_+_Economy.htm"
A different economic approach vs. McCain's 4 more years
A different economic approach vs. McCain's 4 more years
Q: The GOP is arguing already that you want to increase capital gains taxes on investments and stocks: A lot of middle-class people have those kinds of accounts.
A: If they have a 401(k), then they are going to see those taxes deferred, and they're going to pay ordinary income when they finally cash out. So, that's a phony argument. You know, as I travel around the country, what I'm absolutely convinced of is that people recognize that if only 1% of the population is doing well, when we've got wage and incomes for the average worker actually going down during a period of economic expansion, much less economic recession, that something's being mismanaged. And they want a different approach. And that's what we're going to be offering them. John McCain is essentially offering four more years of the same policies that got us into this rut that we're in now.
Source: CNN Late Edition: 2008 presidential series with Wolf Blitzer May 11, 2008
A: If they have a 401(k), then they are going to see those taxes deferred, and they're going to pay ordinary income when they finally cash out. So, that's a phony argument. You know, as I travel around the country, what I'm absolutely convinced of is that people recognize that if only 1% of the population is doing well, when we've got wage and incomes for the average worker actually going down during a period of economic expansion, much less economic recession, that something's being mismanaged. And they want a different approach. And that's what we're going to be offering them. John McCain is essentially offering four more years of the same policies that got us into this rut that we're in now.
Source: CNN Late Edition: 2008 presidential series with Wolf Blitzer May 11, 2008
I completely agree with what Obama is saying here. In simple terms, Obama is saying he has a plan that will better the economic state of the nation, while McCain wishes to continue to America's economic policies that put us in this financial crisis in the first place.
Can't do anything at home with $12 billion a month on Iraq
The fact that we're spending $12 billion every month in Iraq means that we can't engage in the kind of infrastructure improvements that are going to make us more competitive, we can't deliver on the kinds of health care reforms that Clinton and I are looking for. McCain is willing to have these troops over there for 100 years. The notion that we would sustain that kind of effort and neglect not only making us more secure here at home, more competitive here at home, allow our economy to sink.
Source: 2008 Democratic debate at University of Texas in Austin Feb 21, 2008
Source: 2008 Democratic debate at University of Texas in Austin Feb 21, 2008
Yes! Yes, yes, yes! Go, Obama! What is there to argue about? This makes so much sense. Why spend $12 billion a month on a war that we're not even quite winning. Hold on, let's do the math; thats $144 billion a year. The war started in 2003, that's almost six years. Now, if we were never involved in this war to begin with, that's $864 billion dollars we could have had for ourselves. If we had that money, then there would have been no reason for the government to be dipping into our social security!
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