CNN

I find it funny that republicans call Obama’s tax policies “Socialism.” Maybe so. However, the tax cuts for the wealthy, aka Trickle-down-economics, is really no different. Call it what it is, Socialism for the Rich.

What's with McCain? We've been doing the tax cuts for the wealthy and big corporations thing for 8 years now. His plan has been tried and it failed, it has reduced jobs, hello! Do people seriously think that more of the same will not produce more of the same? Put that together with "free" trade that has ties to immigration by requiring the US to allow a certain number of non-citizens into the country to work as part of the agreements. Why isn't anyone talking about the ties to immigration in some of these trade agreements that reduce work for Americans? That's a big contributing factor, it's not just outsourcing jobs. Our mission should be renegotiate to ensure fair trade to protect workers and take a new path using new ideas.

People are so stupid and uninformed these days... claiming Obama is a socialist??? Are you serious?? most of those people don't even know what a socialist is or are familiar with marxist theories.

Just because Obama wants to create government programs and more jobs, doesn't mean he's a socialist. LEARN FROM YOUR PAST PEOPLE!!! What does that make FDR? He created tons of government jobs and greatly benefited america by doing so! Are you calling FDR a socialist? give me a break.

Know your facts. Know your past.

OBAMA 08!!

*********************************************

MCCAIN HAS A PLAN? WHOOPIE. PROBABLY BY THIS TIME HE ALREADY LEARNED FROM OBAMA TO COME UP WITH HIS COPY CAT VERSION OF AN ECONOMIC PLAN.

PARIS AND BRITTNEY ARE OFFENDED BY THE COMPARISON THEY SAY YOU ARE JUST JEALOUS BECAUSE YOU ARE NOT HIP, AS IF..............ATLEAST WE KNOW HOW TO USE A BLACKBERRY.....................ITS NOT A FRUIT MCDADDY........ITS A PHONE SLASH COMPUTER THINGY.

Fact:

Everytime taxes go down revenue goes up... for those of you that don't understand... that means the gov gets more money. Higher taxes has the reverse effect because buisness lay people off to cover the new tax... they don't lose their bottom line... that's buisness.

Obama is a moron... and won't win anyway... polls are sliding... in a year when it should be a landslide the dems are going to blow it.

To bad Hillary is gone... she'd have a 20 point lead by now.

If I owed $10,000.00 to a credit card, and my payment is $1000.00 per month, but I am only able to pay $800.00 then I have a deficit of $200.00 Now lets say the credit card adds that deficit ($200.00) to the total amount owed, then every moth I would get further and further in debt..

Now think… the USA has a “”TEN TRILLION DOLLAR DEBT, AND A MEGA BILLION DEFICIT”” During the last fifty years the “R” in Republican stands for Recession, Nixon administration, Regan, Bush, all have ended in Recession and whopping debts and deficits.

Remember that in November..

I will support the candidate that is for the Fair Tax, giving the american people their money back and only pay taxes when we consume goods and has the government pay American citizens a monthly check (prebate check). It also forces everyone to to pay their share of taxes (i.e illegal immigrants, criminals,)

Just think of the economic stimulis if every working american suddenly receives their entire paychecks without the federal taxes, social security taxes, and medicare taxes. It will be an instant raise in everyones pay without business spending more money and will help with the rising fuel prices.

The REPUBLICANS have taken this country down into the gutter.

The BUSH/CHENEY Administration have clearly proven in the form of Karl Rowe that our government is operating like a bunch of "gangsters" who are above the law. They've made a mockery of our Constitution and have corrupted every level of decency and honor within the justice department!! This Administration has ABUSED it's powers and have manipulated the laws of the land to benefit their selfish greed and political ambitions. THIS ADMINISTRATION IS NOTHING BUT A DISGRACE TO THSI COUNTRY!!

If the average Joe Smith had done half of what Bush and his crooks have done he would have gotten the DEATH PENALTY!! This entire Administration has been nothing but a SHAM and SHOULD have been impeached a LONG TIME AGO. It's NO wonder what we are HATED around the world!!

John McCain himself has repeatedly supported this Administration and has proven that he will continue with this Administration's FAiLED policies. NOW we have Karl Rowe in front of a camera carrying on like he's the President himself!!! Unbelievable.

Oh and by the way the same people that complain about the government taxing them to much are the same people that complain that the government isn't doing enough. So you have Bridges that fall down and other Bridges that go to nowhere thanks to the GOP. If you want your government to pay for infirstructure than you have to pay for it and make sure that crooked people (GOP) don't build bridges to nowhere!!

The difference on their economic outlook is expressed in their shoes.
Obama has a total of four pairs of off the rack shoes. McSurge wears five hundred dollar custom Italian Farragama shoes. Does he really feel your pain?

I love how this. Every election, Republicans think that they can get Trickle Down to work. Every time, it fails and badly. The 1% get richer while the rest get poorer. I bust my butt everyday and still find it hard. So I would like a tax cut for once. I supposedly got one about 8 years ago but the fact that everything else has gone up greater to the cut, it does not equal out. It does not matter if the business get the tax cuts. If the poeple do not have the money to spend, the businesses are not going to get any business. They close up shop. How about that trickle down effect.

The Real Issue is that McCain is going to provide money for the businesses and corporations. The business and corporations as the record has demonstrated cut costs, send jobs overseas, build plants internationally, hire a few workers, and do everything to keep the unions out. The money provided by the Republican administration has not helped businesses to spur jobs and the Bush Administration has had 7 years. We now have 51,000+ jobs lost during the month of July, 2008 which has a domino affect on: tax monies to pay for unemployment, non-purchases of products and real estate that affects other businesses, less spending and savings, etc.

Obama's plan – Tax everything that moves. That will help the economy.

McCain's plan – let the people who earn money keep more of the money they earned.

I know who I'm voting for.

The Media is putting the Repub. Party in jeopardy.. Look at what the Deomcratic control is doing presently in the Congress and Senate. They are spendning money behind close doors, even with out voting. This is a disgrce the way this country is doing business. Both Dem & Repub. shoud be booted out and let the Independent. canidates have a chance. BO donations are coming from over seas, (Saudi Arabia & China) not from the USA, why isn't he Media jumping on this? The media should go back to just reporting and not be bias,

I was a Dem, now I am turning Independent. Hope the rest of the USA does the same thing to send a strong message to our so call learders.

McCain does have a point- cutting taxes and increasing profits on business should allow them to create more jobs thru expansion. The problem is that many of those businesses have relocated to other countries, and the increases will go there at the expense of the U.S.! Allowing drilling leases offshore won't do much to alleviate the oil problem, as the oil companies will sit on the leases for years until they can make even greater profits. If they were serious about easing the problem, they would be drilling on the milions of acres they already have leases on-but they are waiting for the price to go even higher.

We have several problems: 1) spending more than we earn, with a negative savings rate, and that starts with the federal government. My checkbook needs to balance, so does the government, and we need to get out of debt and stay there or the rest of the world will own us. 2) too many tax loopholes and the extremely wealthy often pay proportionately less in taxes. I'm in the 38% bracket and pay a lot of taxes–but if money was going for rebuilding our country instead of other countries who hate us anyway I might favor a flat tax rate to get out of debt and fund ourselves for a change. 3) invest in alternate energy sources now with tax credits or whatever it takes–we put solar power in our home and actually get a check each month for the power we produce. Start working on biofuels, wind, solar, etc, 4) stop our over consumption of non-essential toys and reckless mortgages and start saving for our future or we won't have much–and I don't think it's the government's responsibility to do that.

You Demos don't get it. Without profits no business can afford to pay their employees, decent wages, medical benefits, and pensions. Without profitable businesses, there will be no outlets to buy gas,
groceries or anything else.

You are the Government and those tax dollars from Washington don't come from thin air. They come mostly from American Business and
high income tax payers. The bulk of it comes from Middle income
taxpayers like me and you. Think twice before you elect a Tax and Spend President (Obama). If you want more taxes and less Freedom
then vote for Obama, but don't say you were not informed.

Ignorance = Doing the same thing over & over and expecting something different

Albert Einstein

I'm beginning to think our founders had it right when they said the only people who could vote were land owners, because they reasoned if you're going to be the people paying for the government, you should be the only people who have a say on how who is elected to it.

I find it amazing that what generations of attempts from Soviets and other socialists failed to do, stealth American socialists in our our country managed to pull off: souring the American Spirit and getting us to believe that government can solve all ills.

Our founders are spinning in their graves. Heaven help this great Republic.

The Economy only works from the bottom up, If people don't buy the goods being sold then Big Companies can make all the goods they want but if people can't afford them then the Big Companies can't sell sheet!! Americans are idiots or a vast majority are anyway.......

Let me get this right. The Republicans have controlled the White House and our economic policies for 28 of the past 40 years and they're asking us to believe they are better for America. During the Clinton years we reformed the welfare system, had a balanced budget, were not spending billions of dollars on a war, attempted to work on health care, and had reasonably affordable energy costs.

Let's see, the economy is spiraling into the worst econmic crisis since the Depression, and this article lists a very few hand-picked conservative economists who essetially say `stay the course' against `liberal' economists who argue otherwise, and tries to give the opinion that it's a balance argument.

Why don't you list the opinion of the top 50 or 100 economists, without listing their affiliation and see what the consensus is?

Tami, you should not hang out with Alex Mooney, he will only ruin your objectivity.

You people need to read more.

(Paraphrased) Adam Smith on the Wealth of Nations, Book 5, Chapter 2:

"The most fundamental requirement of any economy is infrastracture. By means of establishing infrastructure one may not only employee the citizenry, but one also improves the economic efficency of the state. As such infrastructure is an investment that not only pays the people for the work they do but benefits the state by facilitating economic growth."

Obama's plan is to get the people to build infrastructure. Which has not been touched since the time of the New Deal about fifty years ago. That will facilitate private industry thus creating new jobs immediately and in the long run.

Honestly people books will not bite you. Reading will give you an informed opinion rather than just spouting off at the mouth without any understanding of the big picture. But I suppose that is why many are McCain supporters to begin with. If you could see the big picture you would know better. But you are to busy get stuck on stupidity.

i like obama's plan ,best.it is the same plan everyday.mccain's is different everytime,and appears to be pandering,at best.

"Obama just wants more tax on the upper 1% and use the money saved from IRAQ war"

No, because the money currently being spent on the war is money we can't actually afford to spend. If (and I say if) Obama ends the war in Iraq, it's not like there's suddenly going to be all this money that he can play with.

Latest Gallup Poll (and Gallup does call cell phones!):

Obama = 45%
McCain = 44%

Read it and weep, Obamabots!

Oil prices sharply up by $4 on unemployment figures (51,000 lost jobs) better than expected (72,000) – CNNmoney.com reports.

So, is it so bad

So– sad– as to what these republicans have done to this country. Go OBAMA.

I always listen to CNN until now. The ones that was for Hillary was very
upset the way Obama was always shown in a positive way and
Hillary was made fun of from Campbell Brown, Roland Martin,Jack C.
No wonder CNN and MSNBC ratings are 22 and 30 and Fox is 5.
I watch Fox now and so does my friends. You have lost a lot of loyal
support and if you continue like you have you will lose more. Women
are the ones that watch day time and evening and that is the large
viewers you have lost and will lose.
Gladys

IF YOU PEOPLE ELECT MCCAIN YOU DESERVE WHAT YOU GET .

OBAMA.08

McSame's 'economic poicy' is easy.
4 more years of Bush and a shattered economy.

I invite all of you to think about the real things !

when a business owner can afford many mansions, and condos, many cars, and private jets, etc....IN GENERAL, That PROOVE that the business is fine, employees and materials are paid...and the owner is spending his BENEFITS !

Cutting taxes for these people has nothing to do with them giving more jobs...it allows them to buy a new private JET ! For someone like Cindy McCain 200 000 $ DOES NOT CHANGE MUCH IN HER LIFE QUALITY....maybe it will keep her from buying a knew luxury gadget.

At the same time, that money can keep many others from bankrupcy.

THEREFORE : Stop saying that cutting taxe for the wealthy help them give more job. IT IS JUST NOT TRUE ! Business owner will always try to have have more work done by for less money ( and in general that means less people)...They wont start giving job to everyone just because they have tax cuts...the proof is that they'd rather all move to india or china, where cheap labor helps them make more profit.

That money goes right in their pockets while others cant make ends meet.

Capitalism is capitalism...we beleive in free market and all...but please people...dont let them fool you.

Folks, for everyone who hates "big business" and the notion of making a profit, I have to ask, what DO you like? How much FREE work do you do? I do NONE because it's not in my interest to do so... much like how businesses exist to earn a profit.

I like to work. I like to make money. The government isn't going to give it to me, so I have to earn it. When eeeeeeevil Big Business fails, PEOPLE fail. Their supplier business fail, all of those employees fail, in turn. When Big Business fails, their employees fail, their homes fail, their ability to spend and contribute to our economy and support small businesses fails too. When those smaller business fail, all of their suppliers fail too, as does those employees too.

Wake up folks, even in what you decry as an eeeeeevil "every man for himself" system, you and I all have a better chance at a better life, than if we slid into the dark bowels of socialism. Believe me, if socialism were so great, I have to ask why the majority of Soviet Block countries have discarded it in favor of free market capitalism and why the Chinese are quickly becoming some of the most devout Capitalists on the planet? Because it simply produces better lives.

Wise up. The government can not control the economy without first controlling the people. Capitalism, for all it's woes and for all the losers it produces, creates far more winners and raises far more boats than does government handouts. Government hand outs control the people. The only thing socialism spreads equally among the people is MISERY.

Yes, McCain has more experience but what he is proposing – cutting corporate taxes and keeping taxes low on the richest of Americans to solve the problem – hasn't worked. The rich just keep getting richer while the rest of America is plunging quickly into the worst economic crisis of the last 60 years. And there's no guarantee that cutting corporate taxes when these same companies are shipping their jobs overseas will do anything to spur job growth in the U. S.

Obama's plan to invest in rebuilding our infrastructure AND investing in alternative energy development will not only guarantee jobs in the U. S. but these are things we ABSOLUTELY need to do anyway. So we accomplish many critical things at the same time.

And the idea that people that are making more than $250,000 will pay more taxes to pay for some of this...is not going to hurt MOST Americans.

It's truly a win, win.

Europeans have higher taxes and are happier, however they aren't living in the US of A (where we get a kick out of grumbling over tiny tax cuts and tax hikes).

If we don't do something with this stupid free trade and make it more balanced for us and then we HAVE to be oil independent Something has to be done either with or to the oil companies to make them realize that our security and that of the free world is at stake. If they refuse to start drilling and marketing then pull all there leases and let them start over. And most of all we have to get out from under this stupid thinking that the radical ecology people and Pelosi and Obama and to many control freaks have. They will sell out the American people for their power plays. So it will take some time to get oil to us. Well they are lying about how long and they don't seem to understand we have to start someplace. None of us are going to live long enough to see their long term ideas materialize. They have been working on this since I was a kid 60 + yrs ago.

Well then....if keeping taxes down for big bussiness will spur more jobs........then why is it that the unemployment rate at an all time high?

Republicans think they have all the answers.

President Bush has torn down this country so much these last 8 years.

No more repub's......Vote democrat to bring our great nation out of these pits of hell Bush has gotten us into

The role of a lifetime. Talent optional. Barack Hollywood Obama.

OBAMA WILL TELL YOU WHAT, MCCAIN WILL TELL YOU HOW.THE DIFFERENCE IS MACCAIN UNDERSTANDS THE CONSEQUENCES OF DOING THINGS FOR THE SAKE OF APPEASEMENT RATHER THAN FOR THE GOOD OF THE NATION. YOU CAN'T JUST SAY WE WILL DO WATHEVER WITHOUT KNOWING THE LONG TERM EFFECTS. MCCAIN FACTORS THIS IN, OBAMA LIKE A YOUNG KNOW IT ALL TEENAGER DOES NOT.BEING CUTE AND BRASH CAN BE ENTERTAINING AT TIMES BUT IT DOESN.T PAY THE BILLS

John McCain already admitted he needs to be educated on the economy. He is 71!!!!! If he knows nothing now, he will never know anything. Please..... DONT VOTE FOR JOHN MCCAIN. Obama is our best choice.

If you think economic times are bad now, magine with McCain as president... Depression part 2 garanteed!

McCain starts his every speech with "Senator Obama..." . And the easiest way to scare people is to say: "He will raise your taxes". At the same time he is promising to balance federal budget in 4 years. But according to the recent article in Fortune (6/28) McCain plan will ADD TO NATIONAL DEBT 4.5 TRILLION DOLLARS. Obama with all his proposed social programs will add "only" 3.3 trillion.
The same day other article in Fortune quotes McCain's chief economic policy adviser Douglas Holtz-Eakin: "I used to say that Barack Obama raises taxes and John McCain cuts them, and I weas convinced. I STAND CORRECTED".
Another example regarding income. US average income in BOTTOM quintile: late 80's – $16,303; late 90's – $18,575; mid 2000s – $18.116.
TOP 5 PERCENT: late 80's – 138,093; late 90's – $191,658; mid 2000s – $220,700. (:Disparity Rising" by Emily Kaiser, Chicago magazine, July 2008)
Wake up people! If you are not in top 5%, your doomed with McCain keeping up "low taxes".

Businesses has not been using the tax cut given to by Bush to hire new workers. Instead they have been paying CEO millions of dollars in salary and bonus shipping out jobs to make even more money. The people that actually do the leg work barely makes enough to get by. Listen People, McCain's idea is exactly what we are doing right now. If you think it's working out great then vote for McCain. If not please help McCain find another way away from Bush.

It looks like to me if you are poor and struggling Obama makes more sense to vote for and if you are rich vote for Senator McCain. The trickle down thing never seems to work and those in need are always left in need.

The more time goes on,the more weaknesses and flaws Obama shows. His inexperience is going to be called in to focus,and he will falter at that point. His only hope is to keep the focus off the racism his buddies brought in to this campaign(Wright,Pfleger,Ayers)and his inexperience. That leaves slandering and Photo-ops in prestigeous places. He should have been a magician with his mastery of "slight of hand". Lets not be fooled by his meandering, and support Hillary at the DNC convention. If we don't succeed,we can always trust McCain for 36 more months before this whole thing starts ove again! McCain is a good "All American Man". OOOPS! There is another Obama flaw! He's not "All" American. He is half Kenyan!

Don't allow McCain to fear you. (1) 60% of our Oil comes from Canada
(2) Bush extablished FREE TRADE, because of the Money needed to Finance Iraq (3) Products that are imported from China, are not inspected (allowing Health Problems for American's), and the only answers provided from the Govt' – "We can't do anything about it"-PRIME EXAMPLE: Over 1,200 American's with Salmenola-Mexico.

How long did it take to discover the source?

Senator Obama's plan to create GREEN JOB'S, and better control of protecting American's

Got that right. Obama has one and economic plan and McBush does not! End of story!

Common people are suffering and losing their jobs and McSame wants to preserve the Bush tax cuts for the rich. Make sense?
And his promise of no new taxes....how are we going to plug the nearly $500b deficit that his "boys" created? Get real!
I would "gamble" on someone fresh...who promises a 180 from Bush!

Got that right. Obama has one, McBush does not! End of story!

Hey Mauri – you just made the case for why I AM NOT VOTING FOR MCCAIN. For him to be so bloody 'experirenced' he has made no great decisions FOR the american people in all those 30 yrs. He is owned by big oil and big companies. He has continued the same repuglican agenda for all those years. And how can a former POW vote AGAINST GI bills as he has consistently done during his long tenure???? Mccain is not for me or anyone I know since neither I nor my family or friends are multi millionaires. I am willing to give Obama a chance because he atleast is honest and has not consistently pandared or lied to us like your buddy mccain.

WE DONT TAX ,WE JUST BORROW AND LET SOMEONE AFTER US PAY THE BILL,LIKE YOUR KIDS OR THE DEMS, AFTER WE GET KICKED OUT.

So McCain wants to cut taxes for big businesses. hmm!! How will that help us? More jobs you say. I think not. I work for a big business and believe me it's not hurting. The CEO is not hurting, the people in upper management are not hurting. There are plenty of job openings in India but in America there is a job freeze. And on top of that, I haven't had a pay increase in the last 4 years even though my annual appraisals have been excellent. If you give this big business more money they will just go out and buy more small companies... you know the ones that they are in competition with.

250 k isnt alot of money especially when you are a small business owner, the only businesses who can survive barracks redistribution plan are the major the corporations you people are complaining about. Since small business owners were the staple of our economy it seems that lowering taxes on them would make more since than redistributing their profits, but if these business owners just inflated their tires that will save them on their gas costs thus affording them extra income to give to the govt, maybe barack is right.

obama is unfit to be president of this country August 1st, 2008 10:29 am ET–McCain is the BEST. LOVE HIM!!
Go home obama !!!!! You lie and lie and lie. You will not get this country
****The country is not yours to give .......McCain Loves you Back ....Just like he loved Carrol his 1st Wife ........Drop her for RICH CINDY
He owe Karl Rove Steve and the other Scumbags Big Time For Schooling him on DIRTY Politics......From Maverick to DISGRACE!!!****

Lets not forget the Democratic controlled Congress that has been in power for years with an approval rating lower than Bush.

Bye bye Republican tape worms.

Yes, they have different opioinions. Barack is for the American people, while McCain is for big oil companies.

Obama 08

I have to agree with Obama. The only way to ensure people get a fair deal is let the government regulated businesses to a degree. If you leave it up to companies; which is McBush’s plan, who is to say that these companies are not going to rip us off? Just look at the oil companies, Exxon has made $11 Billion and that is not for the entire year. These oil companies are screwing us consumers BIG TIME . . . with no Vaseline!

I see we have a bunch of ecomomics professors here today!!!

You tax and give liberals kill me!!! Obama says that raising taxes will create more jobs, PLEASE. He wants the government to fund EVERYTHING!!!

Keep on with this and you will see the unemployment rate reach 20%. Because why would a business have the motivation to make more money if they are just going to have to give it away? Businesses will cut jobs, not create them.

Obama=Carter (The worst American President EVER!!)

When has the McCain philosohy of cutting taxes for business owners benefit the many.....no, it benefits the few 1 or % of the wealthiest in America....who give the jobs to who they like and make others do twice as much for twice as less. No McBush economics SUCKS!

A business has to make money and a business does provide jobs but at what point do tax cuts to wealthy businesses and corporations just mean obscene profits. John McCain just got a huge monetary donation from big oil after he changed positions on drilling for oil off shore. That just support for another Bush plan.

It is rather startling to see John McCain within 40% of Obama in the polls with the issues so clear and positions so far apart. Do that many Americans supporting McCain really want to self destruct?

Would someone please call McBush's wheelchair driver so he can be on his way. How can he get a handle on anything. His arms are too short.

Romney would be a good choice for VP because of his
knowledge of economics.

And Obama needs to stop playing the race card when faced with
tanking numbers and legitimate criticism.

Hey, Obama, let's see these cards:

Accomplishment card
Debate card
Experience card
Specific plan card
Substance card

Oh, that's right–you don't HAVE any of those so you have to falsely accuse and whine.

Loser!

yes, I do believe we are in a psychological recession and we are a bunch of whiners. take a time out, refocus and find some clarity and create a new direction in which to move.

Obama 08

People think. TRICKLE DOWN ECONOMICS DOES NOT WORK. It has never worked. It didn't work for Ronald Reagan, George Bush the first, George W, and it won't work for John McCain.

For those of you unfamiliar with what exactly trickle down economics is, here is a quick lesson. It was first coined by Reagan. His thought was if you cut taxes to the rich and powerful, and to corporate America then more money would be coming in to the top tier of individuals. Those individuals would turn around and share the wealth with those below...hence Trickle Down.

The problem is with that theory, the rich and powerful and corporate America don't share. That's that sad truth. It's more for me me me to keep in my own pocket. Why would I want to share my money. This is why we are in the sad state that we are in right now. This will not change with McCain.

So for those making over 250k (I'm not one of them) do they get any added benefit for paying more taxes? Or are they just supposed to feel good about it since they are helping others with their unemployment benefits?
I say you keep the tax cuts in place. You put a limit on unemployment benefits and you force people to go out and get a job. Just because you start a job and your making minimum wage doesn't mean your always going to be at that level. You can work hard and move your way up the chain. People in the country feel too entitled and are ashamed of not making huge amounts of money. Get over it! Do the work and the money will come!

And as CNN keep threatening an Obama win in November, things can only get worse....

hey republicans have never did nothing for america but tear it down so if you thank McCane will you need t Mental Health Counseling. Obama o8

These folks whining about taxes kill me....how the hell do you think we can pay for some of the mismanagement and debt that the Bushies have placed upon us. Guess you figure it's ok to keep borrowing from the Saudis, China and whoever. Glad you don't do my finances!!!

For those who "wonder why anyone can support McCain," here's the reason(s). McCain did not just appear like magic on the scene one day. We've been able to watch him and his actions for the past 20 years. Yes, he's made some unpopular choices, but the main thing, he was actively working when he MADE them. And the majority of the time, he has been a bipartisan senator, working on both sides of the senate. He has often split with his own party for us, and publicly rebuked President Bush for the direction Iraq was taking, finally succeeding in getting Secretary of Defense Donald Rumsfeld fired! This man will fix our economy and put people to work; he will fix the energy crisis, and his worldwide popularity will work for America's return to the number one position it previously enjoyed. By contrast, Obama is going to give us everything. Where on earth does he plan to get the money for all these promises when our national debt is now in the trillions. And to date, his ONLY economic policy centers around how his picture is going to look on the one and five dollar bills!!! As a life-time Democrat, now an Independent, I say it's time to wise up America.

Obama is the canidate we need Mcshame wants to continue the failed Policies of the Bush adminstration Mcshame has no sense of where we need to be going in this County especially if he said he doesn't know how to use a Computer but you want to be President MCshame go get a Job as a truck drive and drive into Mexico

Deb, Allentown, PA

Hi neighbor, while I respect your point of view, I would like to know what makes you think that "The only people who will benefit from cutting taxes on businesses are the business owners themselves". I am A business owner and let me tell you the only way I see any extra money is if we see a high rate of sales. Most of the time that money is not taken by the owner it is used for new machines or to advertise or open a new division to create new jobs and grow your company. The first rule off business is grow and grow as big as you can. If you force a company to spend $3 per hour per person more fore the same job then you can expect to see allot of businesses fail.It will all start with advertising companies as advertising is the first thing people stop spending on when short on cash.

MD in Oklahoma August 1st, 2008 10:37 am ET
First of all John McCain said he knows little about economics. Second, I doubt that this is his plan; sounds more like big corporations giving him advice.****DITTO!!!!

The dems are looking at increasing the federal gas tax another 10 cents. Seem they now like the ideal of giving us an another stimulus check since the first one seems to be help the economy. Well it was our money in the first place paid by our taxes. If they really want to stimulate the economy than eliminate the IRS and payroll taxes.

strong economy = democrat

McCain supporters must have awoken from a deep 8-year long coma or something, because nothing of what they say has any bearing on reality. Even if they woke up 8 years ago, they would still be able to see how great Clinton ran the economy and could see Clinton's and Obama's tax policies lining up exactly, so that can't be it. What is the matter with you people? Do you want to CONTINUE the debt building of Bush? Do you want to CONTINUE to allow the wage disparity Bush eagerly helped along? You're all traitors.

Charlotte,
You hit it on the head......Everyone in America thinks they are etitled to cell phones, movies, plasma TV's, nice cars etc..... The days of saving for these Luxuries are over. Now Obama wants to tax those smart enough to make it and reditribute the wealth.

PEOPLE IN AMERICA ARE IRRESPONSIBLE LOOK AT THE HOUSING MARKET. 350K home on a 50K salary didthey really think that was going to work. Yet incomes the gov. and saves them, makes me sick

why would anybody in their mind elect mcgrumpy? he has the support of the wh, and the oil companies. that is all i need to know

MMN-Milwaukee WI August 1st, 2008 10:23 am ET

Without spin or politics someone expalin this one.

GM Posts $15.5 Billion Loss

Breaking Own Record, Exxon Sets Highest U.S. Profit Ever:
Second-Quarter Earnings Total $11.68 Billion

--------------------------------

You (American consumer) are buying a lot of gas/oil. You (American consumer) are not buying GM cars.

That's the simple answer. Exxon/Mobil is a net importer. Meaning they purchase more oil than they drill. This cuts their gross margin to under 10%. They also buy back a lot of stock, which keeps the number low, but really they have high costs. Not a good business to get into. The fact that the oil industry has consolidated into a few corporations has spread the large market over a few businesses, thus high profits for each.

GM is a poorly run company. But, they have also had a lot of costs incurred during this quarter from buyouts and plant closures. Going against my man Nader, this is partly to blame on Unions. Non-union auto manufacturers have consistently made money. Add in a weak dollar, higher prices across the board in America and a fleet that doesn't sell when gas is >$3.50 and you get a loss.

Hope that helps.

McCain admitted he doesn't understand finance, thus his approach to fixing the economy amounts to putting more money in the pockets of big businesses, make more tax cuts for large businesses, provide more opportunity to Exxon (record profits reported) and other oil companies and that's somehow or another that's going to put money in my pocket. Unbelievable.

I never thought in a million yrs that I would be looking at voting a straight ticket. I think I will be straight Republican. From everything I have seen and heard I believe that Obama and Pelosi and Reid are way worse than anything that has happened to this country . They are dangerous to our Military, tax structure and our National Security and economy to just name a few. They have had me scared for a long time ( over a yr) . It might be worth while to pull up last nights Sean Hannity and take a look. I can probably count the times I have watched that program or even FOX. Bad TV night.
This will never get posted because of the mention of Hannity and FOX TV.
It is getting so much closer to voting. Think long and hard before marking that ballot in Nov/

Obama's proposal is to raise taxes for what he calls the rich. Alot of these are probably buisness owners so if they get a huge tax hike and have to fold up because they can't afford paying big business or personal taxes how is this creating new jobs. McCain's idea is right anyone that owns a business knows payroll and workmans comp are through the roof paying out, so by helping the business owner new jobs can be created.

How can 'trickle-down" economics possibly succeed when the jobs that it is supposed to create are allowed to be shipped overseas?

How can the economy grow with all of the deficit spending? Reagan ran up the largest US debt in history at the time. Bush has actually outdone Reagan by at least 10-fold.

It is time for "bottom-up" economics while there is still some bottom left.

Businesses need to make money. Period. That's why there is so much outsourcing going on. Wages are MUCH lower in China and India, so businesses make more money!

Attempting to tell us that conditionless tax breaks for businesses will create jobs is nonsense. If the business gets a tax break, they'll just make even more money and continue to take jobs overseas. Period!

1. I believe any additional tax breaks for businesses should only go to those who are keeping the jobs at home.

2. I also believe that if we invest in our infrastructure, it would be difficult for that to get outsourced and businesses would need to keep the jobs at home!

That's why McCain's plan is hooey and I believe Obama's plan could work.

For what it is worth, and please pay attention, for the government to spend any money it first has to obtain money to spend. And guess where that comes from, don't be afraid – I know you have the answer.... Yes that is right, it comes from you and me. Government is not a wise user of funds, quite frankly the government wastes billions of dollars on an annual basis. And yet now we have a candidate who wants more government spending.

Please wake up before it is too late America, you are smarter than this.

There isn't a single economist or person who survived the 80s that thinks that Reaganomics/Trickle down economics works. It has proven to fail. I learned how and why trickle down econmics doesn't work in ECON 101.
This is crazy. I have said it before and I will say it again, The GOP is for big business because that is who funds their campaign. They are for the religious right, not because of their high moral standards, but because that is who funds their campaigns. The GOP shapes their policies and platform not on their own politcal ideals but rather by whom is funding their campaign. This is why the people get screwed over when a repug is in power

Obama's campaign said the latest McCain ad is beyond Karl Rove's playbook........Rove has no official role with the McCain campaign, though Steve Schmidt, a senior adviser in charge of the day-to-day message, was a longtime protégé of Rove's=Low Road Polictic
John McCain is Confused this is not the Maverick .....It is a strategy to Win ...ATTACK ATTACK And ATTACK again .....whatever sticks on the Wall .........Mr McCain you are a disgrace to The Rrepublican Party
***McCain is Old and stuck on the same Old Politcs***

MMN, Gm knew this was coming and is using it as a way to cut their entire workforce and rehire and retool at Walmart level wages with no benefits.IT WAS PLANNED.

Not to change the subject or anything, but why, on earth, is Hillary still in the news? And what's this complete bull crap about her crying sexiism again? I am a 44 year old white woman who makes less than 20,000 a year and not once did I detect even a hint of sexism during this campaign. she got the same treatment all of the other candidates got. If you can't take the heat, Hillary, stay the heck out of politics. Good Lord! What a whiner she is!! It's politics, woman! What did you expect?? Did you think everyone was going to be "nice" to you because you are a woman?? What a joke she is! She is STILL dividing the party with her stupid claims of sexism. I can't stand that horrible woman!

So Obama wants to make company's pay $3 per hour more and increase the taxes that they pay lowering the amount of money they can make or spend on advertising or any other way of growing a business.

Can some one please explain how this will help create jobs. This is one business oner that dose not under stand or agree at all with what Obama is trying to do.

Someone please explain!!!!!!!!!!!!!!!!!!!

No really Explain It !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

eight year under republican admistration destroyed everthing this had. Now they are asking as to vote for them in 2008 again, who in the right mind is going vote republican again, but then there is a lot of idiots out there.

Rise America Rise, try to find anything that is made in the USA. If we do not purchase anything that is not made here, we will force ever retail store in this country out of business. A major depression will ensue...

How is the Messiah going to create jobs by raising corporate taxes? You think jobs are going overseas now. Just ask Michigan how that increased corporate tax worked out. You liberals are truly ignorant.

The Republicans dont care about unemployment or anything else. all they can do is scare people, some people are to stupid to realize what these idiots are during. Most of us are poor now if Mccain gets in there we will still be poor.

Deb, Allentown, PA August 1st, 2008 10:20 am ET

The only people who will benefit from cutting taxes on businesses are the business owners themselves. Do we really expect to see a trickle down effect? Successful businesses have already pared the fat out of their operations and are running those businesses at efficient levels. Tax cuts for them won't make them go out and hire new people and add to their overhead.

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You're wrong. The point of a business is to make money. To make money, you need to grow your business. To grow your business you have to take on extra costs (incl. labor, most of the time). You can't take on extra costs if you are taxed heavily.

I don't understand the incorrect and well-adopted theory that businesses hate their workers. Most small business owners want to do everything possible to make life better for everyone involved in their business. That's one of the joys of owning a small business, and it's a win-win situation. Corporations, maybe not as much, but the majority do.

Mandating a high minimum wage and keeping taxes at 35% will harm the economy, which futhers the hatred Americans have with the business world. Giving people tax credits is nothing but a ploy to make you think the Democrats care. It all adds up to having less jobs (with a lower average wage) and high consumer prices. You just have $500 bucks from the governement to help you out. Funny thing is, it was you're money all along.

Less taxes = more money in the economy = growth = jobs = good wages.

The recently released unemployment numbers are just one more indication of the failed policies of the Bush administration. No question that he will go down in history as one of the worst if not the worst President in hstory.

Senator John Mc Same would obviously continue the failed policies if elected. This country CANNOT AFFORD for that to happen.

Here's McCain' plan. Keep on doing exactly what was done in the last seven years and try to sell the idea that the results will be different. People have to understand that US economy grew in the last 7 seven years. You did not notice it because the wages did not increase while food, fuel, tuitions became more expansive (Exxon is doing well though). And McCain wants to apply the same medicine that made the economy sick. It's amazing to think a lot of people will go for that. But they will. You can't help them, they think Obama is a "socialist". Is there any hope left for this country?

People who love their taxes being raised for Obama!!!!!

The problem is, Obamas plan to invest government money into 'creating jobs' is taking taxpayer dollars to give taxpayers jobs so they can pay more taxes.

Obama's plan just doesn't make sense to anyone past 7th grade math.

Why would anyone want to elect McCain? He is the candidate emphazing his 30 years in Washington and is a member of the GOP which controlled the White House for the last eight years and the Congress for six of the last eight years that has caused all of the economic problems of today. McCain, personally, along with his thirty years of so-called "Washington experience" is definitely part of the problem. He clearly lacks the intelligence, vision, character and most importantly the judgement to turn the situation around. McCain can solve problems; he is part of the cause of the problems. Obama is clearly visionary leader to take on the GOP mess. McCain is the old senile, relic of the failed politics of the past. McCain is a loser!

I wish Washington would spend more wisely.

Say NO to increased taxes; congress has no willpower. They are on a "seafood" diet.

NObama 08

Business has to be left alone to thrive. Many of the jobs are from small businesses. We dont need a Democratic president with the notion that business is bad. Profit is not bad. Big government is bad because it doesnt produce anthing and taxes have to be raised to pay for more government.

First of all John McCain said he knows little about economics. Second, I doubt that this is his plan; sounds more like big corporations giving him advice.

See Obama's plan of government control of jobs???

That's exactly what people with constrained budgets need... more taxes for social programs -_-

People have plenty of money to donate to Obama. What is the worry? I'll worry when he can't raise millions overnight. When people are not standing in line for hours to purchase $500.00 IPHONES and the like, I'll worry. When movies stop grossing $50 million a weekend, I'll worry. When people stop drinking Starbucks, I'll worry. Wait, isn't Starbucks closing 1000 stores? Maybe I'll worry just a little. We are a nation of spoiled, whinning, egotistical people. We are long overdue for a correction and that is something to start to worry about.

Come on McCain. If you cut taxes for businesses, they are not going to add jobs. They are simply going to give raises to upper management and continue to send jobs overseas. It is obvious you don't know anything about job creation or the economy. Obama's plan, on the other hand, is to invest in infrastucture here at home; jobs that can not be outsourced. American people employed put money into the U.S. economy. People in India may draw money in for the corporation they work for, but they spend in their own economy. People, please do not fall for McCain. McCain was also a D student in school who graduated 894 out of 899. Lets hire the guy who worked hard in school and graduted with As.

IT SHOULD BE ILLEGAL FOR AMERICAN'S TO RUN COMPANIES IN FOREIGN COUNTRIES, JUST LIKE IT IS ILLEGAL FOR THEM TO HIDE MILLIONS OF DOLLARS, IN SWISS ACCOUNTS... OPEN JOBS FOR AMERICAN PEOPLE,,, FORGET ABOUT CHEAP LABOR, AND STOP EXPLOITING POVERTY STRICKEN PEOPLE..

McCain will be forced to raise taxes!
Don't be folled by him FLIPING-FLOPING and then FLIPING it again.
Truth is, in the dire state the economy is in, We have to get more revenue through taxes to recover. Obama just wants more tax on the upper 1% and use the money saved from IRAQ war, while McCain will have to raise taxes for everyone because he still wants to stay in IRAQ. The senior bush also promised no new TAXES, but he broke his promise his 1st term in office.
So all the repubs voting for McCain b/c of taxes, stop fooling yourself!
The money has to come from somewhere!!!!

100% agreed Deb, Allentown, PA

McCain and the republicans are only mainly interested in keep more money in their rish buddies hands. McCain's tax "cuts" offers 1/3 the cut to people who need it the most as opposed to Obama's plan which is focusing on helping the people who need it the most.

Robert:
August 1st, 2008 9:02 am ET

So we're more sexist in the US than racist? Give me break. Pie face lost fair and square. Get lost and go vote for McCain.
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I will

who monitors what article allow posts....anything angainst Obama, they open up to posts, and allow people to post offensive sometimes abusive comments about Obama, his wife an his campaign, but when its about McCain, like that articel about Rove, they close for comments. Cnn is so biased...how can they claim to be anything else. That's why I don't watch CNN anymore, I only come to the website, and I won't be doing that much anymore. If you want anything meaningful and without bias I guess you will have to look somewhere else try MSNBC

Without spin or politics someone explain this one.

GM Posts $15.5 Billion Loss

Breaking Own Record, Exxon Sets Highest U.S. Profit Ever:
Second-Quarter Earnings Total $11.68 Billion

Obama believes in the redistribution of wealth. Read his autobiography, and you can tell it's one of his core beliefs.

Obama promises everything to everyone, so you can't go off what he says, look at his RECORD.

Obama wants to tax, tax, tax so he can expand the size of government.

That's the last thing we need.

If american people would stop buying products made overseas, the demand for jobs in the US would increase. Sure, we would pay more, but then we would be giving the money to our fellow citizens. Its, like, duh!

Let's see...Obama – create jobs
McCain – cut taxes on businesses.

Who benefits????

Cutting taxes does not aid businesses in managing better. If they can have less people doing more, they will.

PUMA people don't care because they will vote for McSame anyway. Same old Bush same old McSame and you will toss the country into hell because you are mad because Hillary. Hillary will be ok, my question is what about you if Mcsame gets in.
Bull, it is a race issue. The puma people ran to McSame after Clinton lost. McSame does not line up with not one thing that Clinton was fighting for. He would cut off the heads and undo everything that the PUMA people want but that would vote for him before they would vote for a black man. Most of her supporters would rather have the ship sink than to have a black man lead or be at the helm. How sad it is when people have that much hate. They try to cover it by saying that they are mad at the party because of the way Hillary was treated. That is like someone in the army saying that they are going to join up with Taliban because he or she didn't like the fact that Bush replaced their general. So just go and do what you are going to do. Obama will still be ok no matter what or how any of you haters vote. Oh, and one more thing I WILL TOO.
Obama08 whata DREAM Not in America

I's say, put an end to "Trickle Down" economics and put the money back into the hands that need it. If those that need it get, they can spend it and pay more taxes without adding as much in new taxes... get it?

McCain is the BEST. LOVE HIM!!
Go home obama !!!!! You lie and lie and lie. You will not get this country.

The problem with Obama's plan is that he will be a tremendously weak president, relying on his "celebrity" status, which will get really old really fast.

And with no experience and only a newly acquired "fan" base in the Senate and House, there's not much left, is there?

As soon as Senate and House members begin to have their seniority and their iron clad committee structure, we'll see who they'll fight for-the political baby or themselves.

I see Jimmy Carter all over again.

As we will hear spoken more and more in the halls of Congress, in the national media and over dinner tables across America as an Obama presidency wears on, "Talk is cheap.

McCain is right! People,you can't make money without jobs,and the jobs need to come from Private sector companies,not Government subsidized entities....costing the workers more of their hard earned income,in taxes. Keep the taxes low so businesses can thrive. Personnel get to thrive along with the businesses.

Republican McCain focuses his plan on cutting taxes on businesses that he says will spur more jobs and keeping tax rates low so people have money in their pockets....What? Keeping tax money in whose pockets. The company owners yeah that helps when the workers are actually paying more taxes than the people who own the company. Warren Buffett said it best it's a shame when his secretary pays a bigger percentage in taxes than he does!

Lets see. . . wages down . . .economy bad. Obama has a new direction and plan, McCain's idea, lets cut taxeso businesses to spur more jobsand keep taxes low. Does that sound familiar. Sounds like trickle down to me. . how is that working for you so far in the past 8 years?

Obama's answer to everything is to just give a tax credit or fund [it] with a government program. This type of thinking just puts the government into further debt and, in the long run, that debt will need to be offset by higher taxes in other areas. Don't be fooled. For those of you who are still undecided about who to vote for you must read "The Obama Nation"; it's a real eye opener and will make you think twice before voting for Obama in November.

Lowering taxes for the rich will NOT help wages increase... It didn't work for 8 years, and it isn't going to work now. Reaganomics has failed. Stick a fork in it.

Without spin or politics someone expalin this one.

GM Posts $15.5 Billion Loss

Breaking Own Record, Exxon Sets Highest U.S. Profit Ever:
Second-Quarter Earnings Total $11.68 Billion

they may agree that americans are suffering, but here's the difference.

obama has a plan to help and mccain just turns his back and goes negative on americans calling them a nation of WHINERS.

this choice is crystal clear.

The only people who will benefit from cutting taxes on businesses are the business owners themselves. Do we really expect to see a trickle down effect? Successful businesses have already pared the fat out of their operations and are running those businesses at efficient levels. Tax cuts for them won't make them go out and hire new people and add to their overhead.

No matter which candidate is elected, taxes will have to be increased. How else can we possibly get ourselves out of the incredible deficit hole we've dug?

It's funny to watch McCain play pingpong with himself on taxes...

No new taxes
Nothing's off the table
No I won't raise taxes
We may have to negotiate on tax increases

It would be funny if it weren't so darned scary!

It`s because one knows what he is talking about (with experience )and the other does not.

If you want a better paying job, move out of the US. Go to India, Hong Kong, UAE anywhere but North America.

If you want a low paying job, then stay right here in the US of A.