1) The National Debt: Thanks to the recent Wall Street bailout our national debt ran up to eleven digits. I would give you the number but it will most likely go up another million or so by the time I write this and the time you read this. And many of our current economic woes can go back to this debt including raising consumer prices, the deflated dollar and no consumer confidence. And despite the absurdly high debt, if he enacts all the entitlements he has proposed, Barack Obama will add another trillion dollars worth of debt to America without bringing in any more money to lower the current debt or even pay these entitlements off. Obama was asked twice during the debates what he would cut to reduce the debt and has not once proposed any cuts. Certainly John McCain isn’t much better when it comes off to paying off the debt but has proposed to freeze spending and go department by department and slash the unproductive parts of government and will get spending under control but vetoing any legislation loaded with pet projects for legislators (granted it would have been nice if he had voted against the pork laden bailout bill). This may be just like treading water because his cuts may only be enough to pay off the interest on the current debt but he does not propose any major projects that will make the debt more outlandish than it already is.
2) A Moderate Candidate: Our current election system is massively broke. To get nominated, candidates much appeal to the deeply partisan factions of their political party leaving moderates of the country, that make up more than half of eligible voters stuck between voting between some right wing nut job or a liberal communist. But somehow John McCain managed to get the Republican nomination making him the most moderate candidate of my lifetime. Don’t believe me? Ask Rush Limbaugh and Anne Coulter who both said during the primary season that he would sooner vote for Hillary Clinton or Barack Obama before McCain because he wasn’t conservative enough. (Rush not surprisingly changed his tune when the match up was set, Coulter has been conspicuously absent lately.) Anyone who is hated as much by Keith Olberman as he is by Rush Limbaugh must be good for the middle majority.
Rush and all of the blowhards of his ilk on the far right do not like McCain for his ability to work across the aisles working on legislation with such Democrats as Russ Feingold and Ted Kennedy, headed up the Gang of 14, a bipartisan effort to break the gridlock in Washington by conforming judges that neither side were budging until then. He is so admired by the Democrats that Joe Biden once said he would be honored to run with McCain and McCain was rumored to be on the short list of John Kerry as his running mate in 2004. And there will be room for Democrats in a McCain cabinet as he has already floated the name of Andrew Cuomo as chairman of the SEC and former Democratic Vice President candidate Joe Lieberman is one of his closest advisers.
Senator Obama and his surrogates likes to say that McCain voted with George Bust 90% of the time but that number is just cherry picking one year out of seven and lets face it, our Congress votes on some pretty silly proposals like changing the name of “French Fries” to “Freedom Fries.” You notice Obama rarely points out specific cases where McCain sides with George Bush because people who follow politics that McCain takes different from the president on global warming, torture, immigration, gun control, campaign finance, spending, how the Iraq War has been handled and voted against the Bush tax cuts.
On the other side of the ticket, Obama said in his acceptance speech for Democratic nominee “Enough” to partisan bickering then quickly blamed the Wall Street crisis on Bush, McCain and the Republicans ignoring that he and Chris Dodd landed number one and two in campaign contribution from Fannie Mae, Freddy Mac, and AIG. He also has shown no willingness to work with Republicans aside putting his name along side one on a bill to clean up loose nuke which really didn’t stick his neck out politically for what was right considering the bill pass unanimously.
3) Taxes: Senator Obama’s altruistic Robin Hood approach to taxes sounds good on paper but in practice will be disastrous. The problem with significantly raising the tax rate on the rich is that the rich have an uncanny way of clinging on to their wealth at all costs (see: Enron). If he hikes rates that high, big companies won’t say it okay because it is the patriotic thing to do, they will just turn around and either raise prices, so your consumer prices will continue skyrocket, which they are already doing thanks to the weak dollar and the gas prices, that have been dropping steadily since summer will jump up again maybe even eclipsing the five dollar per gallon mark. And if they don’t raise prices, they will cut spending to compensate for the tax hike, and when spending cuts happen, the first thing that gets the ax is personal. The third option would be the most disastrous with companies leave the second highest cooperate tax in the world for another country where we will lose the jobs and taxes that the company would provide.
Senator McCain has shown a better knowledge of the tax code voting against the Bush tax cuts knowing that you should not cut taxes in time of war. And now that we are at war and in a financial crisis, McCain knows that big changes to the tax code are dangerous in the tumultuous climate we are. As we have seen the past month, the smallest things can wreak havoc in the markets and small tweaks are best for the climate we are in especially when the large tax increases will hit Wall Street the most which could send the markets in turmoil once again. McCain tax plan also allows for upper mobility for small businesses looking to expand. Under a McCain tax code, small businesses, or just every day people, can increase their income without fear of making too much money that they will be taxed out of business just because the moved up the tax code.
(Scooter’s Note: I’m am not sure if there is anyone still reading this, but for those that are thank you, and since this is lengthy already and I am just over halfway done, I will finish my thoughts on Taxes and give my final two reasons tomorrow. I hope you come back then to read the rest.)
Great post! Go McCain!
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