To Raise or Not to Raise?: The Ultimate Question

Enough with the finger-pointing. This economic bailout comes with a clear opportunity for McCain to make a strong case for his presidency. He dropped the ball by not going into the Debate fighting for the Republicans' plan, which seeks to require businesses themselves to pay back the money through loans and insurance premiums. This is common sense at its best. Does this equation make sense anywhere else in the real world? Of course not! No one likes paying for something they didn't order. "Excuse me, those people at the table across the way didn't bring money to pay for their meal and requsted that it be put on your tab," or "Sorry, sir, this man decided he wanted a big screen TV, but now he doesn't have the money for his leather sofa. We decided the fairest way for him to get it is if you paid for it instead." This argument makes no sense! Obama favors the $700 billion coming straight from OUR pockets, people who had no culpability in the matter to begin with, and McCain went meekly along in the hopes that the bill would pass and he would have at least done something.

In order for McCain to get back on track, he needs to explain to people how taxes work, and not stop explaining until the day of the election. I'm not an economist, but let's think this out sensibly. When you raise taxes, on anybody, rich or poor, there will obviously be less money circling through our economy because it's now in the government's pocket. Less money means less jobs up for grabs and less money to invest in starting up new businesses. Obama argues that the rich should pay more in taxes just because they make more, and this will help the economy. OK, you can argue that, but give some proof to back up your theory. When you raise taxes on the rich, you are once again giving them less money to work with. They can't create as many jobs for hard-working Americans to fill. They can't invest their money and make it grow which also creates jobs. They can't give as much to charities or simply spend more, which would boost the economy. Everybody loses when you overtax the rich. Raising taxes is probably the LEAST common-sense idea for the situation we are in now. When taxes were increased in the early 1930's, it made the Great Depression even worse. When Bush Sr. increased taxes in 1990, it led to the recession of 1991. Obama said during the primaries that he would double the capital gains tax, the tax on investments. If you do that, investors both big and small will find another country to invest in. Jobs will be lost. How is that looking out for the American people? McCain, who wants to lower it, will allow more jobs to be created by keeping more of the United States' money in the United States.
If you dig just a little, you'll see there is little sense in in the Democrat's plan. Democrats have been running for years now on entitlement programs that are paid for by our hard-earned dollars. Obama couldn't name a single program he would put on hold to deal with this crisis, so that implies that he'd still try to go along with them all, which in turn means RAISING TAXES. Raising taxes at a time like this will only worsen the situation. Is that the change we really want?