People are awesome: Who Has the Right Plan for Americas Economy?

Massive bailouts, foreclosed homes, jaw-dropping gas prices, chaos on Wall Street. These are just a few signs of the U.S.'s struggling economy. As America enters the next chapter of its history, what impact will an Obama administration have on our economic future?

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Obama promised openess but is the most secrative of any president and the only president in history to hide his past history (at the cost of millions) he even surrendered his LAW license to avoid investigation- an honest man would NOT do this- GOOGLE "LARRY SINCLAIR" to hear Obama's old friend (he has pictures to prove their friendship) talk about their criminal (DRUGS) past- Obama has tried to setup & smear Larry as a liar but I believe Larry because Obama has deliberately & intentionally hidden his past- Obama is also the only president to have an alias name- "BARRY SOETORO" (OBAMA) you are a a FRAUD who has deceived America-

total hogwash !

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Obama borrowed 800 Bil. worth of money WE don't have, thus putting America in huge debt. Not exactly a smart idea. Truthfully there could have been better candidates, but out of these two I would say McCain would have been the best for the Economy.

This is a test comment from OpposingViews technical staff.

The plural of 'anecdote' is not 'data'.

I feel I am qualified to offer my suggestion on the only way to get this country out of the horrible mess it is in, because I feel I am a very typical middle class family mom. This whole thing started with the price of gas. Gas is something we all HAVE to have, no way about it. When the government did nothing to stop the drastic rise in gas prices it completely led to the zero confidence of the American people. We have no way to not use gas. If it was anything else, we could have used something different, like if milk goes up, stop buying it. If PG&E goes up so high you can’t afford it, you turn the heat and air off (even though that never seemed to lower our bill!). You have choices to use an alternative or not at all. But when gas was allowed to go up so high that it took every driver’s discretionary income, necessity income, etc., it completely stripped all confidence I had in any government entity. It hit the American middle class in every aspect, we had to pay hundreds more a WEEK just to get to work which most of us didn’t even have extra, so other necessities were set aside just to get to work. And every other thing in our lives went up also because of the price of gas, absolutely everything was raised because of the higher gas bills. The fact that there was nothing the government could do or would do to stop this created the mass panic of the people to quit buying anything, which led to the housing downfall because those first people losing their jobs started the mass loss of houses, which started the domino effect that is still taking place because the people saw that something like that (the outrageous rise of gas prices) was allowed to happen with no government help to let such a thing take place. And now states have even gotten so used to the high gas prices which means high gas taxes that they want to tax the mileage on the small cars that some people managed to buy that are cheap on gas because they are not getting as much gas taxes (I find this disgusting!). So even if you manage to do something so that you are not paying such an outrageous price weekly for your gas, they are going to get you by charging on the miles you drive! I feel that there is so much greed at the top that no one will try to do anything to make sure this never happens again because there are a lot of people who are making money on the high gas prices even though it is ruining the country! There is no way that I will ever be able to buy a new car when gas could go up again to cost me $500 a month.
My purpose for this letter is I feel the only way to get the American people’s confidence back is to use ALL the bailout money that is being thrown away by just giving it to the corrupt banking CEO’s is to use it ALL for an alternative to gas for the entire country and every American so they don’t have to be completely at the whim of whoever is adjusting gas prices and taxes. Use it all to create the best alternative that everyone will use because just letting a bunch of different ones come out means there are not enough stations available for the people who choose a particular alternative. And give one small car that uses this alternative to gas to each family. I believe the whole country would come out of recession if the gas problem was addressed COMPLETELY.

I can see through all the fog. Looks like Oboma is trying to do things to ease up on our problems. But in some cases it is back firing--as I see it all these people that are begging for billions of dollars--when they finially get the money--they do not use it wisely at all. They just spend it all away. So in essence we are just feeding the problem. I would like to know who has a good solid plan on how to solve the initial problems we all have at the present. The so called bail out is not going to work for anyone. And by printing a huge amount of money will not get the job done. Our dollar bill is worth nothing now. We do not have enough gold in fort knox to cover for any amount of money. True we all need a good leader allright. One that can tell these people that are begging for money--they had better use the money very wisely--instead they just blow the money for their top officials to party on. Where does this all end. First things first. Gas and Diesel prices---we need to lock down all the prices. So Joe does not just increase the prices because he wants a second personal jet to ride in. Second all the high priced executives take a large pay cut. Through out all the unions and get the automobiles prices down under the moon so some people might be able to afford one for a change. Get the money into circulation again. Jobs are still a huge question. Too many business are going belly up---why is that???? They do not know how to run a business--just know how to grab all the proceeds why? Why are they alowed to continue to keep on doing these things. Lets face it people---we need a person that is all about common sence--and not a person that knows how to sharpen a pencil. All the things I mentioned in this comment is common sence--regardless who is the better leader or planner.

The nation was founded on the principle of treating everyone equally and fairly, and not Robinhood approach to rob the rich to give to the poor, which is basically Obama's approach to tax. We should have a lower tax rate for all Americans and the federal government just found a way to reduce to a manageable level and work within a budget like the rest of us. Moreover, as I live in Atlanta, we cannot think that Atlanta online payroll will pay our all that goes in tax. Government should do something so that public gets benefit. They are looking for a short term prospect to make some money nothing more.

Junior Senator Obama works for a state who has the worst budget, most corruption, worst funding for education, and highest taxes. I don't think I want him running our budget let alone planning our economy!

http://www.youtube.com/watch?v=TG4fe9GlWS8

John McCain's most powerful ad -- an open letter to Barack Obama in which an Iraq War veteran criticizes his stand on the war -- didn't cost the Republican candidate a dime.

In "Dear Mr. Obama," army veteran Joe Cook stands in front of the camera and scolds the Democratic presidential candidate for calling the Iraq war a mistake. The two-minute video, which was posted on YouTube, has gotten more than 11 million hits and is the most popular election video on the site.

In the video, Cook tells Obama why he disagrees with his Iraq war policies and says he's supporting McCain. At the end, he walks away from the camera, revealing that he has a prosthetic leg.

Cook, 23, was wounded in Iraq in June and returned home to Wauconda, Ill., to recover. He said he enlisted three years ago because of his family's dedication to serving their country. His parents were both marines, and he has two brothers in the military.

Now that he's back from Iraq, Cook continues to help his fellow service members, running a business with a neighbor that provides valet parking services at veterans' hospitals.

"When I first got back it was all about the recovery and everything like that, but as the race starting going on, I got more involved," he said, explaining why he made the video. "I started reading about McCain and stuff. He's a leader. I can really respect him, seeing as he's a vet as well."

Cook said he has already cast his ballot in Illinois early voting.

Video director Michael Brown, who teamed up with Cook to create the video, said he was inspired to make the video because he wanted to share the experiences of soldiers that aren't reported in the media and to lend support to McCain for his position on the war.

"Obama has been squealing since 2002 that Iraq is a mistake," Brown said. "He's using the military as pawns, he has not brought our troops home and he has not done any good. When he says it's a mistake, he's disrespecting our guys."

"I'm not connected with any campaign," Brown said.

My tax expert reviewed our business last week and said under Obama our taxes would be increased from 15% to 40%. That means we will have to increase our prices to the consumer and possibly lay off an employee. I am in the same boat as millions of other businesses. How can this be better for America. Obama = Inflation - Higher unemployment.

If your view of the "right economy" is one in which a “good year” means you’ve made more money than last year and the government takes most of your windfall in an attempt to make it "good for all", then your man is Obama. If, on the other hand, you want an economy that spreads prosperity through growth, then your man is McCain. It's that simple. If you want to make the economy more dependent on the government and less on the people, then vote for Obama. If you believe in entrepreneurship, individual opportunity, and the chance at what used to be called, and last I checked still is called, the "American Dream" vote for McCain. What's your view of America? I know what mine is and I don't dispute the validity of yours if it differs from mine, just be sure you understand the "model" you are voting for. Now is the time to have that clear, not some years down the road when suddenly America’s economy becomes something you didn't intend in that vote.

The mistake most often made in solving any problem is the assumption that someone knows the whole answer. Answers can be liken to a picture made up of dots or pickles that are called questions. If you ask enough questions and places enough dots on the page then the answer appears.

Niether of these "POLITICIANS" or the current incompetent Democratic Congress or the obtuse Republican Administrations has begun to ask the right questions. Why would anyone expect political organizations that are based on a force counter-force culture ever do the right things for the right reasons. As the Economist John Maynard Keynes said “Capitalism is the astounding belief that the most wickedest of men will do the most wickedest of things for the greatest good of everyone.”

The reality is that the economy is like a self rigthing boat that is designed to rise and fall over a 15 year cycle on an ocean of desires and dreams created by the citizens in spite of all the good or bad intentions of politicans. If you want things to improve then change the way you look at them and the things you look at will change. That statement will correct the Economy far faster than listening to politicians "debate" what they don't understand are not willing to change unless they or their party can directly benefit.
-

Airdale

(R) = Make the pie bigger for all.

(D) = The pie can't be made bigger, redistribute it.

And on another note. If McCain openly associated with known unrepentant abortion clinic bombers would anyone vote for him? If not then why is anyone voting for Obama?

Are you sure it's not:
(D) = The pie will not be made bigger, redistribute it,
(so through your economic reliance on us, we can control you better)

.."Please sir, may I have some more?"

===

also the "bombers" association issue has gotten real tired..
..the issue to be resolved, specifically answered, is which one of
the nine(?) different answers is the personal/official reply?

There it is! It's not about some washed up terrorist; it's about talking straigt with the American People. All he had to do is say, "We have worked together on important projects that we both agree on!"

Unfortunately when you look at those projects they are all the same "spread the wealth around" garbage that most Americans despise. Dig to the root of the matter and Ayers reveals just how deep Barry's socialism runs! It would be the death of his political desireability if it became known

At the Alfred E. Smith charity benefit/roast, Sen. Obama made referance(joke) that he was from Krypton (so, he's a brother to the big guy with an "S" on his chest?)..

At least his brother is a defender of Truth, Justice and the American way.

I first received via email (today)..
Search the web for an Open Letter to Barack Obama by Michael Master of McLean, Virginia,
within the last few days (Oct 18) and being posted on multi-sites.

What this election is really all about..
the fight for/against becoming a(lot) more socialist country.

The other night, I watched one of Sen. Bidens speeches in which he stated that while growing up his father told him to work hard and follow the rules.
Which he said he did and look how he turned out..

But since then the rules have drastically changed and people have to work a h@#$ of a lot harder to keep their own money in their pockets.

In the 2nd debate, Sen. Obama refered to Pres. Kennedys space challenge..
Whatever happened to Pres. Kennedys:
"ask not what your country can do for you-ask what you can do for your country"

Appears it's been modernized into:
"-ask what you can legislate others to do for your benefit and beliefs"

Then once "law" the tightening begins.

The stock market will recover nicely if government stays out of the way, it drove it to where it is now.

The only questions that needs asking is: If McCain associated with known unrepentant abortion clinic bombers -- would anyone vote for him? If not -- why is anyone voting for Obama?

I'm not wild about either candidate, but I'm voting McCain/Palin and here's why. There's one fundamental difference between McCain and Obama that's critical - - it's the main thing we all need to consider in deciding who to vote for. It has to do with our view of what America is supposed to be and what kind of country we want to live in. That difference is this: Do you believe in unlimited and ever-expanding power of the federal government, or do you believe that given the fact that we also have state and city governments to which we also pay lots and lots of money in taxes to help us with roads, schools/education, crime etc., that the federal government ought to be as small as it possibly can be? Obama's view on the federal government is "the bigger the better", McCain's is "smaller is best".

The federal government was originally designed to do a few very specific things, like "defense of the nation", which also required "levying taxes", etc. It was not set up to do things like figure out a way for us to get paid FMLA time off from work to go to a child's school luncheon or to a PTA meeting as Michele Obama said her husband would fight for. The nation was set up on the principle of treating us all equally and fairly, not embracing a Robinhood approach of robbing from the rich and giving to the poor, which is basically Obama's approach to taxes. We should have one lower tax rate for all Americans and the federal government would just have to figure out how to shrink itself down to a manageable level and work within a budget just like the rest of us have to, period.

There seems to be no end to the social programs Obama wants to create, or increase funding for, but I haven't heard him say a single specific thing he would cut out of our federal budget. If we're already running a $450 billion deficit each year, and we have a $9 trillion national debt, how do we not cut anything out, spend more, and also treat all of our citizens like charity cases by giving us tax credits for everything under the sun and half a dozen new things to depend on the federal government for that many of us don't even want or need?

Oh wait - - he'll pay for his new spending by raising taxes on "big oil" and, of course, people who are no longer alive. Obama wants to keep the death tax but raise it back to 45% for estates that qualify. It's embarassing to live in a country whose government thinks that if you work hard and create wealth to leave your family and you've paid all your taxes as appropriate while you're alive, that when you die, the government is somehow entitled to 45% of everything you owned. At least McCain wants it to not be more than 15%. And as far as creating a windfall profits tax for oil companies, who do you honestly think will pay that extra tax in the end? Those of us who use gasoline, of course, which is pretty much everyone. And while the tax is passed onto us, Obama gets a big slap on the back for going after those SOB oil companies and "beating them"!

My fear about Obama on healthcare is just as serious - - in forcing companies to cover pre-existing conditions, no one wins (except Obama once again by getting credit for beating the American insurance industry, but really beating the American people in the end). If you already have an HMO, chances are, you don't have a limitation on pre-existing conditions in the first place. Obama isn't gaining you anything. If you have another type of plan, chances are you do have a pre-ex limitation. If they're required to not have PCL clauses, those potential 10's of millions in losses the companies will be exposed to will be passed onto the rest of us, even if we don't have a pre-ex condition, in the form of higher premiums for all, which could mean some might have to cancel coverage they currently have because they won't be able to afford the new higher premium.

Whoever gets the job has to get serious about energy, and declaring war on our own oil companies is not the answer. They aren't the enemy when it comes to energy. WE ARE!! We're the junkies, they're just the dealers. Americans have to get serious and we won't do it unless we're forced into it. Energy independence is the key to everything - - just like Sarah Palin said in the debate. It's the key to national security, foreign relations, and economic stability here at home. Any President who isn't focused on that just about full time (and ending the 2 wars we're in) is going to be a miserable failure. And if he's focused on what really matters in the big American picture, that would leave the rest of us to figure out the stuff we should figure out for ourselves - - like what our kids do after school, and who gets married and who doesn't, and who gets to attend the PTA meeting at school and who doesn't, etc. That stuff isn't what Presidents are hired to do!!!

Quick question to all prObama fanboys: Define "windfall profits." Obama has discussed time and time again that he will tax oil companies to "punish" them for making too much money.

http://online.wsj.com/article/SB121780636275808495.html?mod=opinion_main_review_and_outlooks

Anyone care to ellaborate?

The "windfall profits" tax is back, with Barack Obama stumping again to apply it to a handful of big oil companies. Which raises a few questions: What is a "windfall" profit anyway? How does it differ from your everyday, run of the mill profit? Is it some absolute number, a matter of return on equity or sales -- or does it merely depend on who earns it?
Enquiring entrepreneurs want to know. Unfortunately, Mr. Obama's "emergency" plan, announced on Friday, doesn't offer any clarity. To pay for "stimulus" checks of $1,000 for families and $500 for individuals, the Senator says government would take "a reasonable share" of oil company profits.
Mr. Obama didn't bother to define "reasonable," and neither did Dick Durbin, the second-ranking Senate Democrat, when he recently declared that "The oil companies need to know that there is a limit on how much profit they can take in this economy." Really? This extraordinary redefinition of free-market success could use some parsing.
I posted part of it above so that those in doubt can go read it.
As the writer says, that is something they do in a place where the Government runs every thing. We are free here in America. I was not aware that it was illegal to make a profit no matter how big it is.

..I could've sworn I read somewhere that Jimmy Carter had something similar in mind back in his day.

Either way, I'll give either Barack or Durbin a windfall of cash if they could answer the questions you raised in that first paragraph. ;)

This is a poorly worded question by Opposing Views. Neither of these candidates has "the Right Plan". A better question would be, "Who Has the Best Plan for America's Economy". My opinion on that, however, is also: neither of these candidates.

Obama wants to increase the role of government (and therefore, expenditures) and McCain, as an influential senator, sat idly by while the government let Freddie and Fannie (whose credit the government implicitly guaranteed) take huge risks that contributed to the housing bubble that eventually led to the taxpayer bailout of both organizations.

Both Senators support the financial rescue package and I expect them to both vote in favor of the plan tonight. This is a horrible mistake for our economy in the long term. The size of it will demand more government regulation over those who participate in the plan (and possibly even those who don't) which will reduce innovation in the financial sector - which is normally a good thing and makes the US one of the most flexible economies in the world. The bailout is also an enormous shift of resources to poorly run companies from whatever else it may have been used for.

Bob Barr has a better plan for the economy than either Senator McCain or Obama. He opposes the bailout, he opposes government sponsorship of Freddie Mac and Fannie Mae, and he opposes the increasing reach of the U.S. federal government.

I can't see either of these "good ol' boys" willing to make the real significant cuts in spending necessary to balance the budget. We need someone to take a slash and burn approach to spending and be willing to take the criticism and possible failure to get re-elected. Only the Libertarian party has that kind of plan.

I have been a democrat but now find it gravely unfortunate that Barak Obama should be our representative in the race for president.

Clearly John McCain is the only qualified candidate as much as I did not want to admit it. During the debates many of my democratic associates were disappointed at Obama's weak, uninformed and defensive presentation. It was his opportunity to shine but instead he showed no prior history of experience or true passionate dedication to America.

I urge all democrats to consider that a vote for McCain is our best chance for a better economy.

I see neither candidate coming out against a possible rate cut. This tells me both are in the pockets of special interests. These special interest groups now have the audacity to call for an interest rate cut so they can continue the exact practices that got them into trouble in the first place. They are looking for a short term prospect to make some money; nothing more. I hope we don't see a rate cut and no comment from either of these guys.

Please, if you are going to make an objection to an Obama plan, be specific. Vague statements like "Obama puts his faith in Washington" do not make any sense unless you BACK IT UP WITH FACTS. Please, tell us exactly what is wrong with Obama's plan and give an honest response.

I feel this type of wishy-washy political discourse has become your campaign's M.O. in all forums of public communication. I think perhaps you feel that it is not necessary to have an honest back and forth with the other side to win, but perhaps we could give it a try for the sake of our country's future?

Raising capital gain taxes to near double thier current rate. Taxing the hell out of the people who create and invest in business growth, essentially punishing people for suceeding. Raising corpoprate taxes insuring that more businesses will take thier company and thier jobs overseas. Getting the second most money from Fanny Mae and Freddy Mac while they committed fraud and dragged our country into the worst recession since the 1920's.

There are a few, start with those.

I admit, I love Obama's idea about granting more college money but requiring community service.

Not to mention:
Though he says he endorses hunting and fishing, he wishes to raise taxes on Guns, which is one of many things that the NRA has stacked up against him. Go to their web site and see what they have to say. I do not see how he can on his site say he is for Sportsman and then wants to makes changes that will cause problems for sportsmen.

Both of these guys are weak on the economy. They, like 99% of polititans, are self perpetuating, busy-body know-nothing, butinskies. They try to justify their existance by creating new laws(which are not needed), not realizing they are useless individuals that do not need to exist because they create Nothing. Politicians, along with lawyers(most politains are lawyers), are a class of leaches on society. They strut around Washington, thinking they are so important, when in fact they are a class of modern-day unproductive tyrants. They produce no food, no product, no energy, they just interfere in affairs that they are ignorant about. That said, McCain is just a little less ignorant.

I will never vote for anyone endorsed by the worst president in american history.

Go and find the Foreign Policy Magazine from August I believe it was. I think that the editor's of that Magazine would have to disagree with you on that one. They devoted most of the magazine to him. I believe the article showed 10 Points or so where they disagree that he is the Worst President Ever.

The worse president? Jimmy Carter. Who does he endorse?

list the things that make Carter the worst in your opinion and I'll compare them to Bush's record in the same arena.

Inflation rates soaring from about 6% when he was elected to 13% and rising when he left. Unemployment averaging over 7% and rising. Total ineptitude in handling the Iran Hostage crisis. I don't know how old you are but I was in my 30's when Carter was president. I voted for him but all I remember is economic chaos and a low opinion of the US in the world in general, kind of like today, and just a general impotence in the way he handled adversity. The only difference is I think that Bush was handed a much worse set of circumstances than Carter was so Carter gets my nod as the worse ever with Bush second and Herbert Hoover third. My opinion goes way beyond statistics. They say the economic situation today is the worse since the 30's but I think it was worse in the late 70's to early 80's.

"all I remember is economic chaos and a low opinion of the US in the world in general"

Sounds exactly like Bush, but I bet this economic crisis we are in now is worse than the one during Carter. I bet our world opinion is lower than during Carter. Carter did not authorize US forces to use torture! Carter did not claim the power to arrest any american citizen without due process. Carter did not claim dictator like powers on a global scale, including spying on Americans without warrants.

Bush was handed a surplus and turned it into a mess. Bush was handed a good economy.

I lived through both. Carter was worse, take my word for it. Bush had a LOT more bad shit happen while he was President. It's easy to be a good president when nothing happens. I wonder how Clinton would have fared if all this stuff happened while he was president? To me it seemed that the Economic conditions were worse under Carter and he did nothing about it. It took Reagan to do something. Bush is trying to do something. The existing economic conditions have their roots in the Clinton years so he has to share some of the blame.

Torture, that's been going on forever. Do you think it just started with Bush? You are very naive. You and I have a difference of opinion. In times of crisis all those things you hate about Bush are necessary and have been used by many presidents in the past. You are right, Carter wouldn't have had the balls to do what Bush did and that was his weakness. Nice guys don't make good Presidents. Since you and I are diametrically opposed to what is necessary in times of crisis no further discussion is useful. The Biggest mistake Bush made was going into Iraq. I was opposed to that from the beginning and believe it is the root of all the present problems.