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McCain - His Plans To Deal With Economic Problems  
User currently offlineTugger From United States of America, joined Apr 2006, 5414 posts, RR: 8
Posted (5 years 10 months 2 weeks 2 days 11 hours ago) and read 1990 times:

OK, so we are all well aware of all the political B.S. floating around on this site. What I want to know is something real and specific:

What are Senator McCain's plans for economic recovery if he should become the next President of the United States? How will his administration deal with a nation that spends half a billion dollars more each year than it takes in?

I want real, concrete plans and I don't think I have seen them though all the B.S. flying around. What will he/his administration do? What are his proposals? How will he actually get stuff through Congress? How will he convince the public? How will he be able to do something vital?

I want to know why I should vote for McCain over Obama! And I don't want "because Obama is bad", there should be no mention of Obama or opposing campaigns, only what McCain's plans, proposals, and priorities are for the United States.

Is there anything out there?

Thanks,

Tugg


I don’t know that I am unafraid to be myself, but it is hard to be somebody else. -W. Shatner
20 replies: All unread, jump to last
 
User currently offlineCupraIbiza From Australia, joined Feb 2007, 836 posts, RR: 6
Reply 1, posted (5 years 10 months 2 weeks 2 days 11 hours ago) and read 1988 times:



Quoting Tugger (Thread starter):
What are Senator McCain's plans for economic recovery if he should become the next President of the United States? How will his administration deal with a nation that spends half a billion dollars more each year than it takes in?

Isnt the solution to everything to cut taxes?



Everyday is a gift…… but why does it have to be a pair of socks?
User currently offlineWunalaYann From Australia, joined Mar 2005, 2839 posts, RR: 25
Reply 2, posted (5 years 10 months 2 weeks 2 days 11 hours ago) and read 1987 times:



Quoting Tugger (Thread starter):
Is there anything out there?

Don't hold your breath... We're waaaay too busy and fascinated with Matt Damon's opinion, or Cindy McCain's outfit, or Barack & Michelle's "terrorist" fist tap.

 Smile


User currently offlineTugger From United States of America, joined Apr 2006, 5414 posts, RR: 8
Reply 3, posted (5 years 10 months 2 weeks 1 day 10 hours ago) and read 1941 times:



Quoting CupraIbiza (Reply 1):
Isnt the solution to everything to cut taxes?



Quoting WunalaYann (Reply 2):
Don't hold your breath... We're waaaay too busy and fascinated with Matt Damon's opinion, or Cindy McCain's outfit, or Barack & Michelle's "terrorist" fist tap.

It is interesting that McCain, the candidate with the most experience does not appear to have a coherent message and plan on what he proposes to do to improve the economy and prevent what he hates, spending without funding and wasteful spending. I'm sure he does, he is an actual fiscal conservative but I don't hear it.

Where is that being actively communicated?

Tugg



I don’t know that I am unafraid to be myself, but it is hard to be somebody else. -W. Shatner
User currently offlineRL757PVD From United States of America, joined Dec 1999, 4645 posts, RR: 11
Reply 4, posted (5 years 10 months 2 weeks 21 hours ago) and read 1920 times:

McCain has a good plan that he has mentioned but I think he really should market better. its essentially 3 birdw with one stone

McCain: Build new power plants, nuclear, clean coal, solar etc, while investing in new technoligy research

1) this creates jobs

2) this reduces our independence on forgeing oil

3) secures our future (from the two above)

4) its realistic.. Obama's plan to "wish away" the GLOBAL economic woes wont work

What did we do during the great depression? we put ourselves to work! Thats what we need to do now, then when things pick up, we have better utilities and infrastruture ready to go.

His plan is realistic and what we need to do during these hard times.



Experience is what you get when what you thought would work out didn't!
User currently offlineHapppyLandings From , joined Dec 1969, posts, RR:
Reply 5, posted (5 years 10 months 2 weeks 19 hours ago) and read 1907 times:



Quoting RL757PVD (Reply 4):
1) this creates jobs

2) this reduces our independence on forgeing oil

3) secures our future (from the two above)

Does he state anywhere how he is going to do that? I would say that is even more important that what he wants to do. And certainly more interesting/relevant


User currently offlineRL757PVD From United States of America, joined Dec 1999, 4645 posts, RR: 11
Reply 6, posted (5 years 10 months 2 weeks 19 hours ago) and read 1901 times:



Quoting HapppyLandings (Reply 5):
Does he state anywhere how he is going to do that?

Thats the byproduct of building the power plans that he wants.

Build power plants ---> creates jobs + reduces dependence of foreign oil

Out economic problems are not going to just go away. So by doing work here at home we can at least improve out own situation here until things start to pick up. The economic problems we face extend far beyond our own borders.



Experience is what you get when what you thought would work out didn't!
User currently offlineN1120A From United States of America, joined Dec 2003, 26357 posts, RR: 76
Reply 7, posted (5 years 10 months 2 weeks 19 hours ago) and read 1901 times:



Quoting RL757PVD (Reply 4):
What did we do during the great depression? we put ourselves to work!

You like the idea of a "New New Deal"? So do I. But that means you need to vote for a Democrat, not McCain.



Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
User currently offlineRL757PVD From United States of America, joined Dec 1999, 4645 posts, RR: 11
Reply 8, posted (5 years 10 months 2 weeks 19 hours ago) and read 1893 times:



Quoting N1120A (Reply 7):
You like the idea of a "New New Deal"? So do I. But that means you need to vote for a Democrat, not McCain.

Im a moderate, for me with the issues its every other. I have just as many issues with the liberal sissies as I do the right-wing nut jobs

For me Obama, I like his message and what he stands for, but to me its all talk, just fancy words and theres nothing on his resume to back it up. How do I know he will do what he says? With McCain I know what im getting, I know he's not as partisan, and there are no suprises.



Experience is what you get when what you thought would work out didn't!
User currently offlineTugger From United States of America, joined Apr 2006, 5414 posts, RR: 8
Reply 9, posted (5 years 10 months 2 weeks 19 hours ago) and read 1891 times:



Quoting N1120A (Reply 7):


Quoting RL757PVD (Reply 4):
What did we do during the great depression? we put ourselves to work!

You like the idea of a "New New Deal"? So do I. But that means you need to vote for a Democrat, not McCain.

However McCain would use private companies and investors not government agencies and public funds to build these. The government part would come from putting policies in place that allow the plants and transmission lines/corridors to be built. There has already been some work on this: http://nietc.anl.gov/

Basically the USA is comprised of a number of independent "energy regions" that have little coordination and insufficient interconnection. It is very balkanized. In fact any energy initiative, "green" or otherwise, will require the USA government to override state and regional entities to establish a new national transmission network (similar the interstate highway system) to move power around the country. The USA's transmission grid is not currently able to handle the new proposed energy initiatives (other than home generated power). Even Pickens' ideas are stuck without a comprehensive energy distribution network.

Tugg



I don’t know that I am unafraid to be myself, but it is hard to be somebody else. -W. Shatner
User currently offlineRL757PVD From United States of America, joined Dec 1999, 4645 posts, RR: 11
Reply 10, posted (5 years 10 months 2 weeks 18 hours ago) and read 1886 times:



Quoting Tugger (Reply 9):
However McCain would use private companies and investors not government agencies and public funds to build these.

Which is why he is getting my vote. Government can kick it off and then get private companies to go and do the process quicker and more efficeintly, thus saving everyone else time and money!

get the government involved and things take twice as long as cost twice as much.



Experience is what you get when what you thought would work out didn't!
User currently offlineN1120A From United States of America, joined Dec 2003, 26357 posts, RR: 76
Reply 11, posted (5 years 10 months 2 weeks 18 hours ago) and read 1872 times:



Quoting Tugger (Reply 9):

However McCain would use private companies and investors not government agencies and public funds to build these.

And that is where the problems arise. I'm all for capitalism, but there are certain areas in which the government need to be involved, especially when you have a crisis of under development. What we need is a new version of the TVA and other such projects to build a better transport and energy infrastructure.

Quoting Tugger (Reply 9):
Even Pickens' ideas are stuck without a comprehensive energy distribution network.

T. Boone Pickens' plan exists to make T. Boone Pickens money. There is no other reason for it.

Quoting RL757PVD (Reply 8):
With McCain I know what im getting, I know he's not as partisan, and there are no suprises.

That is the problem. McCain has swung so far right, it is frightening.

Quoting RL757PVD (Reply 8):

For me Obama, I like his message and what he stands for, but to me its all talk, just fancy words and theres nothing on his resume to back it up. How do I know he will do what he says?

Actually, there is plenty on Obama's resume to show he knows how to work with people at all levels to get things done. Further, he is a politician who has actually stuck to his policy guns, as opposed to what McCain has done.



Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
User currently offlineSv7887 From United States of America, joined May 2008, 1025 posts, RR: 0
Reply 12, posted (5 years 10 months 2 weeks 17 hours ago) and read 1867 times:



Quoting N1120A (Reply 11):
Quoting Tugger (Reply 9):

However McCain would use private companies and investors not government agencies and public funds to build these.

And that is where the problems arise. I'm all for capitalism, but there are certain areas in which the government need to be involved, especially when you have a crisis of under development. What we need is a new version of the TVA and other such projects to build a better transport and energy infrastructure.

Building on your point, we need strong Oversight bodies, not the corrupt ones we have today.

Also I think you're right. The government needs to generate the "seeds" of interest with the expectation that the industry will take over at some point.

We do this alot in medicine. For example, pharmaceuticals focus on the "sexy" cancers, the one with the highest fatality rates but often neglect the more benign ones. The government often funds research into those "unpopular" cancers and as a result has made significant headway.

Quoting N1120A (Reply 11):

Quoting RL757PVD (Reply 8):
With McCain I know what im getting, I know he's not as partisan, and there are no suprises.

That is the problem. McCain has swung so far right, it is frightening.

He's pandering and he has to if he is going to win. Independants as always will win this election, but if the GOP base (which Has swung too right) stays at home he loses in a landslide.


User currently offlineRSWA330 From United States of America, joined Jun 2007, 261 posts, RR: 0
Reply 13, posted (5 years 10 months 2 weeks 17 hours ago) and read 1860 times:

-Build 45 new nuclear power plants by 2030 (creating 700,000 jobs)
-Provide $5,000 to every American familoy for health care
-Keep top tax rate at 35% and maintain the 15% tax rate on dividends and capital gains
-Phase out the Alternative-Minimum Tax
-Cut corporate tax rate from 35% to 25%
-Allow first-year deduction of equipment and technology investments
-Establish a tax credit equal to 10% of wages spent on research and development
-Lower estate tax rate to 15% and permit a $10,000,000 exemption
-Ban internet taxes (preventative measure)
-Ban new cell phone taxes (preventative measure)

These are just a few things. I provided a link if you want to read the full report.

http://www.johnmccain.com/Issues/jobsforamerica/


User currently offlineSv7887 From United States of America, joined May 2008, 1025 posts, RR: 0
Reply 14, posted (5 years 10 months 2 weeks 17 hours ago) and read 1859 times:



Quoting RSWA330 (Reply 13):
Provide $5,000 to every American familoy for health care
-Keep top tax rate at 35% and maintain the 15% tax rate on dividends and capital gains
-Phase out the Alternative-Minimum Tax
-Cut corporate tax rate from 35% to 25%

He can't do all of those things in today's economy. It would cost TRILLIONS of dollars. Much like Mr. Obama's policies, they will result in massive budget deficits.

Quoting RSWA330 (Reply 13):
-Build 45 new nuclear power plants by 2030 (creating 700,000 jobs)

Assuming the NIMBYs let him. We see all this fuss over Runways at airports imagine the outrage over Nuclear Reactors.


User currently offlineMaidensGator From United States of America, joined Jan 2007, 945 posts, RR: 0
Reply 15, posted (5 years 10 months 2 weeks 17 hours ago) and read 1855 times:



Quoting Tugger (Thread starter):
How will his administration deal with a nation that spends half a billion dollars more each year than it takes in?

Well, first let's get the number right... The deficit is closer to half a TRILLION dollars... Our Congress spent half a BILLION while I was reading your opening post...  Wow!



The first thing we do, let's kill all the lawyers.
User currently offlineN1120A From United States of America, joined Dec 2003, 26357 posts, RR: 76
Reply 16, posted (5 years 10 months 2 weeks 17 hours ago) and read 1851 times:



Quoting Sv7887 (Reply 12):

Also I think you're right. The government needs to generate the "seeds" of interest with the expectation that the industry will take over at some point.

The problem is that, every time industry takes over, the lack of investment causes the system to degrade over time. I would prefer the approach taken by most municipalities that own airports and a self-sufficient government corporation runs things.



Mangeons les French fries, mais surtout pratiquons avec fierte le French kiss
User currently offlineRSWA330 From United States of America, joined Jun 2007, 261 posts, RR: 0
Reply 17, posted (5 years 10 months 2 weeks 17 hours ago) and read 1846 times:



Quoting Sv7887 (Reply 14):
He can't do all of those things in today's economy. It would cost TRILLIONS of dollars. Much like Mr. Obama's policies, they will result in massive budget deficits

It depends on how serious he is about cutting costs. If he can end the war swiftly, but responsibly, I can definately see some of those policies coming into play (maybe not all though).

Quoting Sv7887 (Reply 14):
Assuming the NIMBYs let him. We see all this fuss over Runways at airports imagine the outrage over Nuclear Reactors.

They could build one in my city! Then again, it's not up to me. I don't think we have any other option. We have to expand our energy options. Nobody is going to want windmills or solar pannels either. Something is going to have to give.


User currently offlineTugger From United States of America, joined Apr 2006, 5414 posts, RR: 8
Reply 18, posted (5 years 10 months 2 weeks 16 hours ago) and read 1842 times:



Quoting MaidensGator (Reply 15):
Well, first let's get the number right... The deficit is closer to half a TRILLION dollars... Our Congress spent half a BILLION while I was reading your opening post... Wow!

Ah crap!  blush   fight  I KNEW that and just flat blew it! I usually like to use the actual figures ($500,000,000,000,000.00) just to show how absolutely ludicrous our over-spending is!

Thanks for correcting me.

Quoting Sv7887 (Reply 14):

Sv,I agree, that is why I started these posts. I just don't know how McCain (or the unmentionable, per my own thread rule, "other side") will actually set in motion an economy that is not going to crash before it heals.

I really want to see what McCain has to offer on this as that is where my vote will follow.

Tugg



I don’t know that I am unafraid to be myself, but it is hard to be somebody else. -W. Shatner
User currently offlineSv7887 From United States of America, joined May 2008, 1025 posts, RR: 0
Reply 19, posted (5 years 10 months 2 weeks 16 hours ago) and read 1837 times:



Quoting Tugger (Reply 18):
Sv,I agree, that is why I started these posts. I just don't know how McCain (or the unmentionable, per my own thread rule, "other side") will actually set in motion an economy that is not going to crash before it heals.

I really want to see what McCain has to offer on this as that is where my vote will follow.

I think the reality is that neither candidate will be able to do much. This market has been in the makings for a long time.

My old Finance Professor put it best: The Fed was enamored with this idea of home ownership for all. Not a bad goal but any means, but cutting interest rates so low and encouraging relaxed lending standards started this mess. People acquired massive leverage, lenders got greedy, and people bought into this "new economy" bunk. We ran up massive household debt.

It essentially a house of cards. We had companies cooking the books on Wall Street and people showing this sense of "Buy Now Pay Later" attitude hoping that incomes would keep rising and they'd be able to live on debt.

Well it's time to pay the piper. We couldn't keep on this debt binge forever from a household perspective or a government one.


User currently offlineMaidensGator From United States of America, joined Jan 2007, 945 posts, RR: 0
Reply 20, posted (5 years 10 months 2 weeks 8 hours ago) and read 1813 times:



Quoting Tugger (Reply 18):
Ah crap! blush fight I KNEW that and just flat blew it! I usually like to use the actual figures ($500,000,000,000,000.00) just to show how absolutely ludicrous our over-spending is!

I hate to sound picky, but the number you wrote is 500 Trillion...

500 Five Hundred
500,000 Five Hundred Thousand
500,000,000 Five Hundred Million
500,000,000,000 Five Hundred Billion



The first thing we do, let's kill all the lawyers.
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