Hope vs. Facts

Thank my wife for the article.

Hopey-Changey:

Barack Obama is committed to creating good, middle-class jobs, and wants to end tax breaks for corporations that send American jobs overseas. He will protect Social Security and has a plan to make health care affordable for all Americans. Obama will be a candidate that stands with working people, not the corporate elite.

John McCain has been part and parcel of the war on working people. He’s stood with George W. Bush to protect the interests of the very wealthy and his lobbyist friends from Big Oil and corporate America.

The middle class is disappearing — America’s workers can’t afford another day of the disastrous Bush policies.

There’s no question that our very future — and our children’s futures — are at stake in this election. That’s why I believe Americans will make history this November and turn our nation in a new direction.

Actual Facts:

There are at least three necessary ingredients for jumpstarting a faltering economy. John McCain embraces all three; Barack Obama shuns them. It’s just that simple.

Free Trade — Economist Milton Friedman once said that of all the pro-growth policies a government should adopt, free trade is the most important. Former Federal Reserve Bank Chairman Alan Greenspan has said that taxing trade between countries makes no more economic sense than taxing trade between states.

McCain aggressively pushes free trade agreements. Obama, especially since pandering to the union vote in the Ohio and Pennsylvania primaries, talks like a protectionist and even opposes the Colombia Free Trade Agreement.

Low, simplified taxes —  McCain maintains the current tax rates on income, capital gains and dividends and cuts the corporate tax rate. Obama proposes numerous “tax cuts,” many of which are nothing more than income transfers to people who don’t pay taxes. He would complicate the tax code and, because he’s targeting the cuts, he gets to pick the economic winners and losers.

Reduced government spending and regulations — According to the National Taxpayers Union Foundation, during the first session of the 110th Congress:

  •  McCain sponsored or cosponsored 22 bills, which would have increased federal spending by $8 billion annually.
  • Obama sponsored or cosponsored 114 bills, increasing federal spending $75 billion annually.

That’s a little more than $9 of government spending for Obama for every $1 for McCain.

Pwnt!

1 thought on “Hope vs. Facts”

  1. Given Obama’s Marxist leanings, shouldn’t he know that the “middle class” means doctors and lawyers (a.k.a. people making over $250,000 a year or thereabouts). And Marxist rhetoric always focuses on destroying the middle-class, so…

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