Money Reiki

Which Presidential Candidate Can Save the Economy?

Actually, the answer to the above may be: none. But let’s take a quick look at them, shall we?

McCain wants to continue the disastrous policies of G.W. Bush – mainly, cutting taxes while keeping us at war indefinitely. Well, we all know where that path leads – financial ruin.

Huckabee has this crazy idea to get rid of the IRS. I like that in theory but I’m not sure it will fly practically. But at least he wants to change things and is bold enough to take a stand.

Clinton wants to stimulate the economy by encouraging the development of green tech jobs. She also wants to reduce tax breaks to corporations who take jobs outside the US. Unfortunately, her mortgage relief plan is probably not going to help nor is it a good idea to bail out people who were speculating.

Obama – who the heck knows what his plan is about other than the fact that he’s promising an awful lot to a lot of people? I saw him speaking at a community college on TV, promising to make community college affordable. How is he going to do that on a federal level? Community college is called community college because it’s by and for the community. Not the nation.

I personally believe that none of the current presidential candidates really have a good plan to get the U.S. out of its current financial mess. Out of all of them, I think Clinton probably has her head on the straightest. “Fiscal responsibility” is what she said in a speech. So as long as she would be willing to keep spending in line, and raise taxes only on the rich and corporations (who have been given too many tax breaks), she might be able to get us somewhere.

I’m not confident, however, that we’ll elect a president who will actually help the economy or stop the federal deficit. If Obama or McCain are elected, I have a bad feeling things will get a lot worse before they get better.

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