It’s not a secret that we in these parts are supporting John McCain and Sarah Palin for President and Vice President of the United States. There are; however, a handful of Obama supporters that show up.
After tonight’s debate, I am angry at John McCain for not being able to articulate what I am about to say. We all know the delicate nature of discussing the economic struggles of families within the heartland of America (or as popular catch-phrase labels them: “Main Street”), so I can understand spotlighting the corruption among politicians and high-powered Wall Street CEO’s and giving corruption and irresponsibility on the level of consumers (middle America) and the middle-man mortgage brokers and firms across this land located in everyone of our small towns, a total pass.
If McCain loses the election, I don’t want the reasons of the loss being that he wasn’t forthcoming about problems on the consumer level. In other words, if they are both attacking just Wall Street executives and one another for taking money from these mortgage companies, Barack Obama’s argument will be better.
Let’s face it, if your argument and position is to solely attack high-powered executives and corrupt politicians, then Obama’s argument makes a lot more sense than McCain’s does considering their policies. Obama wants to raise taxes dramatically on corporations and individuals making over $250K a year. John McCain’s tax cuts would come to the tune of about $300 Billion dollars total.
I know I don’t make $250K a year, and I don’t know about my site partners or anyone else who comments on here, but I concur with Airforcewife who is house-hunting and making offers now, Phil who prospers from hard-work and determination on his end, Jennifer who works hard, Mel who has her hands in many pots, etc. The wide arrays of real people that show up on this blog astound me with inspiration from their personal stories on work, sacrifice, real-life problems, and work-ethics as real conservatives. But my not making $250K a year is not the point, my working for many small companies in which I assist with their accounting, bookkeeping, and tax needs is the point.
If the economy is going to be the number-one issue in this election, as McCain in my opinion wiped Obama out with national security, then Obama has a bigger chance of being the next President of the United States unless Sarah Palin and John McCain use the next debates to get real with people about people taking responsibility on all levels of this mortgage crisis. How are Americans – real Americans – supposed to believe that Wall Street executives are the main source of the problems without supporting raising the taxes of such?
The reason McCain and Palin have to speak out about this is because the average American (the undecided voter) is not going to do the research required to dig deeper. Anybody who could dig deeper though will see that the main source of these problems began in the 1990’s. The ideology of the left that claimed that ‘everyone was entitled to home ownership’ is the main root. Federal programs and bills passed to get lenders to hand out mortgages to “minorities” and struggling families abroad. This resulted in three very damaging aspects:
a.) People with bad credit or coming right out of bankruptcy getting home loans.
b.) People who didn’t have sufficient income getting approved and pushed through anyway on mortgages they couldn’t possibly afford in the long run.
c.) A wolf-in-sheep’s-clothing called “market confidence” in real estate, meaning that many folks bought homes and cashed in on their equity once the values began to rise.
What happened with this was disastrous. People used equity loosely for vacations, for play money, or to pay off credit cards they recently racked up in living everyday and meeting monthly expenses. When newly college graduates making $40K a year are getting home loans for homes worth $250K, they have to survive somehow. So, as a result of the Clinton years, we had a massive rise in bankruptcy, Chapter 7, and Chapter 13 leading to the bankruptcy reform during the Bush administration as many consumers began to abuse the bankruptcy system.
Sadly, this is the part of the human soul that liberal politics have spoiled. It started with FDR’s New Deal. Hard work ended, affirmative action surfaced, and income re-distribution has always been around but certainly not to the level Obama is wanting.
Simply put, bad consumers living on “Main Street” who mismanage their own finances, who rack up credit card debt, who put off mortgage payments to go to casinos, go on vacations, etc. were and are on the rise. After all, bankruptcy solved all their problems!
Losing homes and defaulting on loans which were so easy to acquire in the first place made it less devastating to them as consumers as it was to the mortgage companies having property that was not easy to sell.
Those are the blocks that led us to where we are today. If you add up all the Wall Street executive salaries in the last 10 years, I highly doubt it equals a trillion dollars.
So because of the bad people on Main Street, the good ones have to suffer. Obama wants to tax anyone making $250K or higher more than the already-outrageous corporate and personal taxes these people already pay. He already has $800 billion in extra spending he has plans for.
These corporations and small businesses are in charge for the salaries and wages of dozens of millions of American “Main Street” employees making $40K and $50K a year. Adding the corporate taxes, income taxes, FICA taxes, and state/local income taxes, these folks are literally handing over half of their profits to the federal government (if his plan goes through).
What will then happen to the chances of advancement for those “Main Street” workers? What will then happen to their chances of raises or even holding onto their jobs? Will Obama’s re-distributive welfare checks compensate for this?
The sad thing is, this country will head in the wrong direction. More “bad people” will surface and more will be conditioned like Pavlov’s dog to believe that their next moment of happiness is the next time they receive a welfare check from the United States Treasury.
McCain’s $300 Billion tax cuts to corporations and small businesses lost, plus Obama’s push for excess taxation on all of them; some believe come to the tune of about $800 Billion. Ironically, the same amount Obama has planned to spend, spend, and spend.
Obama’s plan discourages hard work and continues to contribute to the overall tone of personal irresponsibility among the trash on Main Street that does not know how to pay their bills on time as it is. The same $800 Billion exists; it’s just now under his control. There’s a word to describe this kind of policy and it is not “American.”
McCain’s plan keeps that money into the economy and employers have the opportunities to pay fair wages, to give raises, to offer vacation time, and allow their employees to benefit and flourish. It gives the good people like me, Phil, and everyone else on this blog reasons to continue using our efforts to work harder.
The question is: will McCain and Palin begin to point this out?