Hillary & McCain Wrong as Wright
by
brerlou
05/12/2008, 5:37 AM #
Everyone claims that Hillary is simply setting up Obama for McCain out of spite. Other claims include the charge that Hillary is continuing her efforts to destroy Obama because even though she may have lost the nomination for this election, she'll have a clear field in 2012 once he's out of the way. The problem is that this country CAN'T AFFORD another four years of Bush's disastrous economic policies, because we have suffered a three-pronged attack on the economy, however inadvertent. (It is not generally recognized that The MONEY we send overseas, even to buy goods, affects jobs here just as much as when one our companies sets up overseas. The import of goods, puts as many people out of work here as the export of jobs.)
So here's how the Bush policies have hurt the economy:
- The war has already cost us almost 1.5 Trillion dollars, with the bulk of the money and the benefits of that spending going overseas. A dollar spent overseas adds value to that overseas country's goods and their benefits; at the same time it robs us of that much foreign exchange. This means that the money will be used to pay a foreign worker to do work, so it can't be used to pay one of our workers to do work.
- The inequitable tax-cut has boosted production (supply) but simultaneously reduced the ability of the ordinary citizen to buy those goods (demand i.e. consumer confidence). The consumer is a better judge of what he needs than the producer.
Bush and McCain's economic philosophy aids the producer to produce goods, (which the consumer may need if the producer is smart, but probably not as much as he needs something else.) Obama and Clinton's approach empowers the consumer to buy what he needs.
- The neglect of all the other domestic incentives and initiatives, governments use to stimulate and expand industries in a country, resulting from not recognizing that the bulk (more than two-thirds) of the US economy is bound up in the activities of small companies and entrepreneurial activities which did not get the full benefit of the tax cuts. Even a small business which fails within five years succeeds in supporting several families for five years before it goes under.
Luckily, once Obama wins the nomination, the McCain campaign is unlikely to get as much traction from the race card as the Clintons have done. His hands are not clean on race issues either. Every time he or his supporters brings up the Wright issue, the Obama people are likely to counter with the more serious charge that he actively resisted the push to give recognition to the man who saved the country from a threatening race war which could have impoverished us as a nation far beyond even what the Bush administration is in danger of causing today.
Wright was wrong, and Obama was admittedly a passive bystander, but McCain was personally as wrong as Wright, standing on the other side of the racial divide which Obama claims to be trying to heal. Obama's own ethnic diversity and experience gives credence to his claims to want to bring people together. McCain however has never made any such claim, indeed his history denies it, self-serving apologies notwithstanding.