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« My glad reunion with Joe | Main | Work and the Earned Income Credit »


Campaign Rhetoric

By Ken Poland
October 21, 2008

The cant of the McCain/Palin political team seems to be 'Joe the Plumber' and 'Paling with Terrorists'. Those themes are simply a monotonous cacophony that distracts the serious voters from evaluating details that explain real differences in the goals of either the Republican or the Democrat candidates.

Notice, I said 'goals'. Neither set of candidates can deliver on all their promises. For instance, it will be impossible to live within a balanced budget in four years. Increasing tax rebates and lowering taxes certainly has not resulted in balancing the budget in the past, so how do you think it will miraculously work in the next four years?

Some of you farmers are too young to have experienced the early '60s or you're so old you've forgotten. Dropping all meaningful government loan support on wheat dropped the price to around $1.10 per bushel and you couldn't raise enough bushels to pay any dividends on the investment. let alone make a living.

For the government to cut 500 billion income when it is already deficit spending to the tune of 500 billion won't produce a balanced bottom line, when the year ends.

Increasing aid to the low income, middle class, students, elderly, new businesses, etc. will take more than four years to produce taxable income to pay the operating cost of our governments infrastructure and meet the interest payments on our huge national debt.

Neither team is going to be able to produce a miracle, on demand, to bail us out in four years. Neither do I think God is inclined to perform miracles to bail out irresponsible government policy or un-ethical business practices.

Spreading the wealth is targeted by McCain/Palin as "proof" that the team of Obama/Biden is going to establish a socialistic National Government that takes away all incentive for big business, small business, or individual entrepreneurs.

Hmmm —— we aren't spreading the wealth when we encumber the taxes of everyone to bail out Wall Street? We aren't spreading the wealth when we propose buying failed mortgage accounts from the present holders? Where do you think the funds are going to come from for the government to do this? It certainly will not come from those multinational conglomerates that pay no income tax and lavish obscene salaries and benefits on their CEOs and other top management personnel. Neither is it going to come from those who, for whatever reason, don't net enough income to pay taxes.

The Obama/Biden ticket can't lower taxes for 95% when 40% don't pay taxes. Well, neither will McCain/Palin's $5,000.00 tax credit for health insurance help those folks who presently pay no taxes.
Those sounding the alarm about Obama's paling around with terrorist and anti American groups, and unpatriotic attitudes seem to not know that McCain sat on the boards of companies that hired the 60's terrorist and Obama to work, what seems to be, the only business dealing Obama had with the man. They forget that Palin's husband was a member of the political activist party and group that favored Alaska seceding from the U.S. They seem to have forgotten that Cindy McCain was directly involved with the Savings and Loans scandal. They seem to have forgotten that John McCain was actively involved in the program that used tax money to bail out the whole mess.

I agree with Colin Powell and Warren Buffet. We don't need a continuation of the failed policies of the Bush/Cheney administration. in spite of his opposition in debate, McCain has fallen into line and backed Bush/Cheney on every major issue. It is kind of hard to justify blaming Obama for government failures and argue that he hasn't been around long enough to gain experience and know the ropes.

Perhaps we do need a new generation in the White House. A few new faces, Democrat or Republican, may not hurt the legislative branch either.

Just a little added note from this little, old, semi retired farmer. I don't need any more tax relief from either set of candidates. At least it presently doesn't look like I do. The land slide in commodity markets, precipitated by the credit and banking crisis, has pretty well taken care of any chance of my needing to worry about income tax for this year. My input costs for wheat and corn were double what they were a year ago, and the cash market is just about even with last years markets, at this time.


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The blog post previous to it is titled "My glad reunion with Joe"

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