Obama's economic policy

Discussion in 'Politics' started by ApolloPLUR, Jul 30, 2008.

  1. wackyiraqi

    wackyiraqi Senior Member

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    My point exactly. How much stimulus did the economic stimulus provide? I don't think that Obama's middle class tax cuts are going to improve the economy. I also question how raising taxes on big business is going to affect inflation. Management knows that the bottom line needs to be maintained. How is the bottom line maintained when profits go down due to increased tax? Reduce overhead (labor) and increase profit (raise prices).
     
  2. Eugene

    Eugene Senior Member

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    I think that the middle class tax cuts he's proposing is a way to buy votes. It will marginally, if at all, help out the economy.
    However, his proposals to allow a 5,000 dollar tax credit for college education, and the ability for the under and uninsured to opt into the federal health insurance program will.
    I think that that's the difference between the two platforms. McCain wants to give money that we don't have away, and hope that people will put it towards good use (as opposed to beer and cheese steaks). Where Obama wants to actually put the money to good use, try to improve the over-all quality of life, increase middle-class earnings, and invest for the long term.
     

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