The second 2008 Presidential debate could only be called a tired rerun of old rhetoric. The real fiasco didn’t begin, until Obama blurted out that his plans for his “first term” in office! Talk about an ego-maniac. He hasn’t even posted four years as a Senator and he’s already planning for four years as President and then what he wants to do in years 5-8! That could be interpreted as over-confidence, but I prefer to believe that Obama has already paid for the election.
Let’s face the facts that 1)he has piled up more daily campaign dollars than any Democratic Presidential nominee to-date (and large sums from foreign donors) and 2)the American public is a shambling mass of cattle that are more than ready to accept the shiny new cowbell and collar that Obama’s offering. The cowbell of “change” is a trade of failed bi-partisan attempts for a neo-Marxist state of government controlled health care and a redistribution of wealth, which is a pathetic excuse for a tax cut but is really a tax hike (not new taxes though!). The point is, people earning $249,000 or less would basically receive a welfare check and those earning $250,000 will see a $40,000 tax hike! This is another attempt to level the playing field, whether you have invested your time and money into higher education for a better paying job or decided to accept a lower income bracket and fast-food employment!
This socialistic mentality is really what caused the economy crash from the lending industry in the first place. It’s a dream for everyone to have the biggest and best, or the latest and greatest, if you can only afford reality. Everyone hates the idea of “trickle-down” economics, but it really does work. For those of you reading this that don’t know what trickle-down economics is, it’s the idea that those who can afford to invest, are the ones who do the investing and this is really what drives our economy. The increased value of the American dollar, because of this investing by the wealthy, effectively raises the mediocrity’s wealth as well. Of course this causes the rich to get richer, duh, but it makes everyone else richer too. The middle-income families, those who make up a majority of the country’s workforce, can hardly afford a mortgage (or rent) and a car payment. Let’s just forget about the investing part, unless you’re talking about a 401k that really has little bearing on the overall markets. So the rich who are really in control of the markets are those that make things better for all of us.
The biggest problem of the average American, was nailed by VP hopeful Sarah Palin last week, when she stated: “The problem with the economy comes from average income families, duped by the mortgage companies, into believing they can afford $300,000 homes when they can really only afford $100,000 homes.” I am included in this group of people that want more than they can afford. We are all guilty of excess in one form or another. When has any average American been to another country, to see that we have absolutely no idea how to live on a budget, or to scrimp by on one measly income? Very few of us can honestly say that we have been to a paradise, like Jamaica, and been anywhere on the island besides the tourist area? What about the poor people that live a scant 15-30 minutes away from the hotels and pristine beaches? It’s really no better in places like Puerto Rico, why do you think they are fighting to become a US State? They want more of our wealth, not just the vacationers’ money.
Unfortunately, John McCain wasn’t much better during the debate. He was recycling a lot of his previous comments too. His big blunder, I feel, was when he made comments about the US Government buying up the over-priced mortgages and basically reselling them to the banks, or homeowners, at a lower value and rate. Excuse my colorful metaphor, but WHAT THE HELL!? Maybe he is just being coached on what to say, to sway more Dems and neo-Dems to his cause. All I know is, that didn’t make me happy to hear. Oh well. In a month, we will learn the fate of our (hopefully) wise decisions on election day.
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