So I can make it clear…
Iraq
Health Care
Climate Change
Immigration
[Post-blog edit: I only got through one issue today. And I guess I had a lot of thoughts on it, so only the economy for today.]
I detailed my thoughts on several issues relevant to the 2004 Presidential Campaign. At that time, I did a scorecard-ish tally of who I agreed with more, John Kerry or George Bush. The score was 7-3 Kerry (based on 10 total issues) and I think many of us agree that if the rest of the country had used my scorecard as part of the tools needed to inform voters, not so many people would think that the country is headed in the wrong direction (just kidding).
I’m not going to do a scorecard this time because I am firmly set on voting for Barack Obama…but that does not mean there are not major differences between my own personal views and that of Obama’s. There are. But I have fewer differences with Obama’s policies than I have with John McCain’s. [I'm not legitimately counting Bob Barr or Ralph Nader.]
According to NPR, the five biggest issues of the 2008 Presidential Election are the economy, Iraq, health care, climate change, and immigration. Debatable, but it’s a start.
The economy: I don’t really know how this sub-prime lending crap started. Hell, I don’t even know what sub-prime lending or predatory lending is. The only time I’ve ever heard the word ‘predatory’ used is in a Discovery Channel show or in a rape case.
That being said, the basic issue is how to most effectively utilize the government in order for the free market to function in a fair and equitable manner. McCain believes that ‘the fundamentals of the economy are strong’ and thus does not wish for more than minimal market regulation at this time. I do not believe his views but I am sure data could prove me right or wrong no matter how the coin is flipped.
Seeing as the free market has left many people in a position where their wages are not keeping up with living expenses, I’d say it’s time for some government help. Get people off of welfare and give them jobs with minimum wage being living wage. The government could contract a non-profit or non-partisan group to do the calculations on that. The money saved by getting people off of welfare could be used to assist small businesses with the proposed wage increases. Small businesses will need help with salary increases, health care costs, etc., and the government should provide that for them in a reasonable manner.
And even though his victory will result in some of our parents paying higher taxes, I agree with Obama that those who can afford to help have an obligation to those who can’t. Haters call it socialism/communism. I call it justice.
My brother and a labmate both independently brought up an interesting point that during the Eisenhower era, supposedly a darling period for this country, total taxes on people who made more than (I think) 1 or 5 million dollars…a lot in those days…was upwards of 90% (income + a previous form of capital gains + state taxes + other taxes). Did this stifle innovation? No. Did this walk the economy into a deep recession? No.
I do not want people with higher incomes getting taxed 90%, but my point is that they can afford to be taxed more than they are being taxed right now…especially given their rates with the recent Bush tax cuts.
Innovation will not be stifled. As my brother said, even if tax rates are 75% or higher for those making a billion or more, those billionaires will be just as motivated to keep making that 25%. All people love money and no matter the government’s policies, the rich will find a way to get richer.
All in all, we need to lift from the bottom up, because prosperity should be universally attainable.
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I just pray that the money the government rakes in is used to fund mass transit projects, rebuild our nation’s infrastructure (think the Federal Highway Act of 1950s…but remixed for the 21st century), aid small businesses, and most importantly, provide job programs for those that need it the most.
If all that is accomplished, then we will have the formula for how to balance government intervention with the workings of capitalism.