Monday, October 27, 2008

How John McCain will restore our economy

From John McCain's October 4th Radio Address:
[...] Pressure and crisis often have a way of revealing the best within us -- of showing what we are made of, and how much we can achieve when we are put to the test. This is true of the grave challenges we face in Washington today. Yet it should not require extreme emergencies to bring out the best in us, or to bring us together in service to the common good. We are supposed to do that even in the calmest of times. And if we worked together more often in that spirit, perhaps there would be fewer crises, close-calls, and near-disasters confronting our nation.

Our government is on the wrong track, our economy is struggling, and we got even more bad news with yesterday's unemployment report. It is a time for leadership and a plan to create jobs and get our country on the right track.

I believe in low taxes; spending discipline, and open markets. I believe in rewarding hard work and letting people keep the fruits of their labor. We will keep tax rates low. We will simplify the current tax code. We will double the child exemption from 3500 dollars to 7000 dollars. We will give every family a 5000 dollar tax credit to buy their own health insurance or keep their current plan, and we will open up the national health-care market to expand choices and improve quality. And my administration will reduce the price of food by eliminating the subsidies for ethanol and agricultural goods. These subsidies inflate the price of food, not only for Americans but for people in poverty across the world, and I intend to abolish them.

I believe in a government that unleashes the creativity and initiative of Americans, so they can create more jobs and keep our economy growing. So we will cut business taxes from 35 percent to 25 percent, to give American businesses a new edge in competition. We will spur new investment through R&D tax credits and expensing of equipment. And we will protect the right of workers to decide for themselves, by secret ballot, whether to unionize.

As president, I will also set this country on the straightest, swiftest path to energy independence. We will attack the problem on every front. We will produce more energy at home. We will drill new wells offshore, and we'll drill them now. We will build more nuclear power plants. We will develop clean coal technology. We will increase the use of wind, tide, solar and natural gas. In all of this, and more, we will create millions of new jobs, many in industries that will be the engine of our future prosperity -- jobs that will be there when your children enter the workforce.

If I am elected president, I will also act immediately with reforms to restore fairness, integrity, and financial sanity to the institutions that have failed us on Wall Street. We will apply new rules to Wall Street, to end the frenzies of speculation by people gaming the system, and to make sure that this present crisis is never repeated. [...]

(bold emphasis mine) It was hard to chose and excerpt, it's full of great things, read (or listen to) the whole thing.


1 comment:

Walker said...

Jimmy Carter, 20% prime rate.

Just a little walk down memory lane about what happens when Dems start applying their pointy headed liberal academic ideas to the economy.