Homer's Comments RSS Syndication from SeekingAlpha.com http://seekingalpha.comuser/207473/comments http://seekingalpha.com/article/93710-a-mccain-victory-wouldn-t-mean-same-republican-economy?source=feed#comment-244674 244674 The Economic and Tax Policy Institute compared both candidates policies and concluded that McCain's would add about $100 billion more to the Nation Debt. And this figure did not take into account either further war spending or the $100 Billion cost of finishing Yucca Mountain which would be needed for his additional 24 Nuclear plants.
McCain's ideas of deficit reduction initiatives don't add up. He can line-item veto until he's blue in the face but it won't finance all his promises. At least the Democrats have instituted "pay as you go rules." Meanwhile, McCain would cut Corporate taxes even more, even though 61% of Corporates pay no tax at all, and many of these multi-nationals are shipping American jobs overseas at accelerated rates. McCain's plan would result in the middle class paying an even larger share of the total tax burden(it was increased under Bush too). How are workers earning half or even two thirds of what they used to make and paying higher taxes for Corporate welfare suppose to continue buying? Not a good prescription for stock prices when the U.S. economy depends on consumer spending. Prediction - If McCain expands free trade as he has promised under current trade policies, the trend of the shrinking middle class will accelerate as more college -educated workers join the plight of high school graduates. ]]> Wed, 03 Sep 2008 13:38:13 -0400 The Economic and Tax Policy Institute compared both candidates policies and concluded that McCain's would add about $100 billion more to the Nation Debt. And this figure did not take into account either further war spending or the $100 Billion cost of finishing Yucca Mountain which would be needed for his additional 24 Nuclear plants.
McCain's ideas of deficit reduction initiatives don't add up. He can line-item veto until he's blue in the face but it won't finance all his promises. At least the Democrats have instituted "pay as you go rules." Meanwhile, McCain would cut Corporate taxes even more, even though 61% of Corporates pay no tax at all, and many of these multi-nationals are shipping American jobs overseas at accelerated rates. McCain's plan would result in the middle class paying an even larger share of the total tax burden(it was increased under Bush too). How are workers earning half or even two thirds of what they used to make and paying higher taxes for Corporate welfare suppose to continue buying? Not a good prescription for stock prices when the U.S. economy depends on consumer spending. Prediction - If McCain expands free trade as he has promised under current trade policies, the trend of the shrinking middle class will accelerate as more college -educated workers join the plight of high school graduates. ]]> http://seekingalpha.com/article/80115-bill-gross-understated-inflation-means-commodities-emerging-markets-should-outperform?source=feed#comment-182027 182027 ]]> Mon, 09 Jun 2008 15:40:52 -0400 ]]>