Tuesday, September 16th 2008

“It’s the economy, stupid:” What McCain Really Means.

Posted by Rick Chen @ 7:26 pm
Under: Dems, Elections, GOP, Ideology, National

Democrats frequently like to remind John McCain, and voters in the process, that he is “out of touch” with the everyday American who is struggling with finances at the kitchen table. Democrats often like to state that they are in touch with the middle-class, as they go to bed at night thinking that their economic policies best benefit those that are struggling with increasing prices at the grocery store and the pump. On the other hand, they wake up each day as if it were Christmas once McCain says something like the “fundamentals of our economy are strong” thinking they’ve got just the thing to zing him with. Well, they’re wrong.

The McCain campaign may be attempting to spin this by stating that the economy is faring poorly because of a culture of greed and corruption that exists both in Washington and Wall Street but I see it differently. McCain, I agree wholeheartedly with you that the fundamentals of our economy are in fact strong. Americans, as well as many around the world today, are facing greater economic adversity; you cannot deny that as oil, a raw material that our economy (and much of our daily lives) revolves so much around, increases exponentially in price and food grows greater and greater in cost. Yet, it does not mean that our economy is on the brink of destruction. Likewise, each and every day we are reminded of the aftermath and fallout of the housing bubble bursts as one blue-chip financial institution after another appeals to the government (and taxpayers) to bail them out. Liberals, you need not remind us constantly; we know, as does everyone else who stays even remotely in touch with some outlet of the news. It does not mean that the fundamentals of our economy are weak or poor, however!

What the Democrats (and liberals for that matter) have wrong is this: capitalism, the foundation of this nation’s economy, is what made us prosper and flourish. Capitalism has spurred great innovation intellectually and industrially, as private individuals seek participation in the economic system to get a cut of the pie. People work hard because they can achieve some value from it, they are able to make profit and be better off than they were beforehand. Capitalism is still alive and strong and is the economic system of each and every player in the world stage today. Liberals, you cannot use our current hurdles as an excuse to push your nanny-state, never-ending, all-encompassing-government-policies! We do not need the government to hold our hand; in fact I’d like it a whole lot if the government would simply keep its hands to itself; no means no Big Brother!

We need tax cuts to keep more money in people’s pockets so that they can spend, spend, spend. Did everyone forget that we are a consumer-based economy? To maintain a sense of equilibrium, which I must say does not seem to be in Washington’s understanding nowadays, we need to “fight the pork” as McCain would say. Cut the life support to all the wasteful spending in government and axe programs that would be best served in the private sector. To increase efficiency of the private sector, it would also do well to cut regulations to create a more free market. For example, allowing people to purchase health insurance across state lines would increase competition and thus be more resourceful in the realm of health care. McCain, you may draw the ire of some conservatives, yet your policy and personal stances are most definitely true and correct, you just need to remember the basics of fiscal conservatism. It’s capitalism, stupid!

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  1. I would consider myself a liberal and I have to agree that capitalism is a very powerful economic weapon. Capitalism forces competition, innovation but at the same time I see more detrimental effects to society than benefits. I mean just look at wal-mart, mcdonalds, and microsoft. Those are truly American corporations made the American way but these companies have expanded to every corner of the world, and along with that have violated human rights. Laizze-fair capitalism would be detrimental. It is essential to have government regulations to limit the power of these corporations or else they can manipulate people more than a government itself. Plus capitalism is never a fair game, (conservatives) say that if one wants to be successful you have to work hard for it. That’s BS. My parents are Mexican immigrants, they have worked hours after hours and our family still makes below poverty line. I think you need to rethink the implications of a “hands off” economy.

    Comment by Nancy Gonzalez — 9/17/2008 @ 12:18 am

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