We have a problem, folks. Neither candidate for President has presented any kind of plan that would speak to the actual economic problems we face, not to mention meeting the principles we've established as the necessary bedrock for any type of economic recovery.
The blunt truth is that our national economy has been so mismanaged, and so recklessly unregulated, these past eight years that we are in much worse shape, as a nation, than we would ever have imagined we could be a this point in our history.
Today, the Congressional Budget Office projected a massive federal deficit of $407 billion this year, more than double last year's huge deficit. So far, neither McCain or Obama have said anything to give me confidence that they recognize how serious this crisis is. After all, they are both pandering to voters who have been living on credit for so long, they wouldn't know a wise consumer decision if it hit them straight between the eyes.
Going back to my very conservative roots, I am discouraged. Will either candidate make the difficult speech that we need to hear this fall? The speech that tells us to cut up our credit cards, batten down the hatches, and ride this consumer depression out?
I doubt it, which is why I am an Independent who distrusts both parties.
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1 comment:
The biggest single problem with our economy has been government interference. As you pointed out, bureaucrats make lousy business managers. Case in point: Fanny and Freddy. Tax payers will be suffering the huge load for these quasi-government entities and their horrible abuses and waste. Both sides of both aisles in Congress are culpable, but if you want to pick on one party to start the investigations, make it Democrat. You need only do two things to see if I'm just making this up: Look at who the CEOs have been and check the list of political donation recipients in recent years. This is public information easily available on line.
Domestically, we need to shrink government drastically...
Generally speaking (because it is hard to get specifics from him) Obama advocates increasing taxes – a lot.
McCain has pledged to veto every piece of legislation that comes to him with an earmark.
Now, let me see. The goal is to eliminate wasteful spending. One candidate wants to feed the beast and the other wants to pare down the diet. Tough choice for some.
By the way, whoever wins this election, the American people should demand a full criminal investigation of these two nightmares. They make Enron look like small potatoes.
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