McCain says Bush policy on economy is wrong

Discussion in 'Politics' started by rayboyusmc, Oct 27, 2008.

  1. rayboyusmc
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    rayboyusmc Senior Member

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    I guess he just found that out now that he is running and losing?

    So McCain is for higher taxes. What a tax and spend rightie he is.

    McCain says Bush policy on economy is wrong - Yahoo! News
     
  2. DiamondDave
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    DiamondDave Army Vet

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    Maybe you should understand who McCain was talking about in that quote... it was not Bush... it was Obama

    McCain states, as does Obama, that Bush's economic policies of late have been inadequate for the situation... and McCain wants to address it by cutting spending instead of increasing spending and increasing taxes even more than that (Obama's plan)
     
  3. Truthmatters
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    Truthmatters BANNED

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    What happens to a shrinking economy when there is less spending?
     
  4. DiamondDave
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    DiamondDave Army Vet

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    What happens to a shrinking economy when taxation increases on individuals and companies (where the company passes taxation on to consumers)?

    Cutting spending on entitlement programs will force more people into actually working and earning.. less taxation on companies and businesses will allow them to hire more instead of cutting back... less taxation on individuals increases spending which in turn helps business, who in turn needs more employees, who then hires those employees, who in turn make more good and provide more services, which in turn increases business spending, which in turn helps more businesses, which draws interest in investing in the companies that provide the needed goods and services.... etc....
     
  5. user_name_guest
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    user_name_guest Member

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    Bush and Obama have something in common = increased spending + endorsement from figures + giving tax cuts (Bush tax cuts brought tack brackets down from pre-2001 to post-2001]. Along with McCain, Bush and Obama also support bailing out the big boys in Wall Street (unless you really believe Obama voted for a separate bailout bill (aimed at protecting homeowners from bankruptcy court), see his vote for Bush's energy policies in the past).

    The best economic choice for president this election is none of above. Neither change Washington and neither will change the corruption in Washington. If government is corrupted, then we can get into the bottom of credit crises that happen every 10-12 years.
     
  6. DiamondDave
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    DiamondDave Army Vet

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    And the crickets chirp
     
  7. DiamondDave
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    DiamondDave Army Vet

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    hahaha
    Finally... AnythingButTruthMatters has STFU and stopped with his baseless partisan blather
     
  8. editec
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    editec Mr. Forgot-it-All

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    I am not convinced that increasing taxes is a good idea.

    I AM convinced that if we don't do something to get more money into the hands of the working class this depression is going to get worse, though.

    We may not be ready for FDR, but we're sure in hell not going to well if we elect Herbert Hoover again, either.
     
  9. DiamondDave
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    BUT... getting more $ in the hands of working class people does not mean the redistribution of it via the government... the government should only be working on the grounds of equality and presence of the opportunity for people to earn to their potential and the results of their efforts...

    A system based on equality.. getting the government out of the entitlement game... and reducing government back to the limited controls, and back to the job of protecting our freedoms... is sorely needed
     
  10. sealybobo
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    sealybobo Diamond Member

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    To the GOP:

    There are a lot of cut and runners in the GOP lately. Don't forget you supported Bush 90% of the time for all 7.5 years. Now while it is never too late to join our party, do not try to fool us into thinking you are doing this because you now see the light. I believe you see the writing on the wall so now you want to join the winning team.

    We will welcome you to the party. But it will be a long time before we let you speak, take the wheel or lead in any manner. You should spend the next 2 years watching and learning. You have zero credibility on foreign matters as well as economic matters. And we don't care about your moral minority.
     

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