Vote Ron Paul for President!

[starcraft]

Enlightment said:

 

THe answer is HIllary I like how you based your ideas.But can you be more specific on the fisical policies you don't like?

 

Well part of the problem with Obama is that he hasn't released much of his costing.  But he has outlined much of what he wants to do with the Health and Education system.  As nice as it would be to see what he wants done done, hes either lying or being naive to think that he as a president would have the fiscal flexibility to establish the much broader and more generous health and education policies.  His answer seems to be to simply end the Iraq, and shortly afterwards, the Afghanistan wars.  But what he fails to realise is that whilst this will save a couple of hundred billion dollars a year, it wont come close to dealing with the budget deficit. Most anti-war candidates on both sides of the political divide seem to think that ending these two wars will fix the governments financial nightmare, and they are all wrong.  But Obama is the worst as he combines this naivity with vast spending promises.

America has an enourmous trade deficit with China that isn't going away and is contributing to a perpetual (and growing) cycle of debt that could take America decades to get out of, and many economic commentators are speculating that the economy may be on the verge of a second post-9/11 recession.  However, Obama's tax policies take none of this into account.  He wants to lower taxes for the poor, which he can't afford to do or the budget deficit will be massively blown out (even further). He says that he will fund these tax cuts by increasing tax on the rich.  Unfortunately for Barack Obama (and the people of America and those in the nations America's economy interacts with if he is elected), when the rich are taxed at a higher rate it sends a shockwave down investment streams, which has the medium term effect of lowering investment, but the short-term effect of massively lowering investment. If investment slows whilst the economy is in such a precarious position, a recession will be unavoidable, as there will be a massive slow-down in growth.

 

So here is a summary of Obama's problems:

His only solution to the budget deficit is to end America's major wars, which won't come close to covering government debt, which will continue to blow out.

He is making wild spending promises which sound wonderful but in actuallity are only sustainable for an EXTREMELY short period of time in America's current political climate.

Lowering taxes for the poor (or anyone else) will make the budget deficit (and the trade deficit as more expendable income means more cheap foreign goods purchased) even more exhorbinate.

Raising taxes for the rich will create an immediate slowdown in investment, pushing the economy into a recession, at which point any chance of Obama meeting his spending promises is as likely as the Dreamcast making a comeback and winning the 7th generation.