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jkaands

Economics...

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CatherineM
I'd much rather have someone admit they don't know something and ask for expert advice, than to bumble through and screw things up rather than admit they don't know something.

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Lounge Daddy
So that's why he has a cabinet. And we should appreciate his honesty on that topic.

At least McCain doesn't hate Capitalism. The same cannot be said about Obama. It bothers me that a man like Obama wants to be president of a country that is founded on principles that he detests.

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homeschoolmom
Whether he says so or not, I'm going to go out on a limb and guess that Obama is no economic genius either...

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dairygirl4u2c
obama doesn't hate capitalism. he's all about the free market, as a way to drive down costs for things.
he wants to use it for insurance companies. etc.
[url="http://www.nytimes.com/2008/09/07/magazine/07letters-t.html?_r=1&ref=magazine&oref=slogin"]http://www.nytimes.com/2008/09/07/magazine...amp;oref=slogin[/url]

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Didymus
Why is it that when we discuss any other issue in politics, someone usually likes to throw in what the Church teaches, but rarely does anyone do this when it comes to economy?

It is my understanding, and correct me if I am wrong, that the Church is not in favor of capitalism, but rather of a third way of economics that within itself contains the true answer to the failure of socialism and the greed of unbridled capitalism.. Edited by Didymus

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dairygirl4u2c
trickle down is a terrible theory as an end all to solving the economic woes of the country. a lot of conservatives are duped into thinking it's the only way to fix things.
even if it worked, it'd only be helpful in creating jobs. and then dripping effects as the name says. maybe a little competition and innovation indirectly.
you can be better to give directed tax cuts who do things that advance the economy instead of blanket tax cuts. eg, brings capital to the US, creates jobs, creates innovation etc.

trickle down doesn't fix the fact that the market has failed, partly cause of our regulations but we can't unregulate health care compeltely. it doesn't fix the fact that education etc can be out of control.
if there's things that are more lucrative than health care and edation etc, then those are what's going to be invested in, as per competition.
markets fail all the time. in fact, it might be the rule more than they don't.
free market economics might help. obama's not against them. he talks about it with education, insurance etc.

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dairygirl4u2c
[url="http://en.wikipedia.org/wiki/Distributism"]http://en.wikipedia.org/wiki/Distributism[/url]

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dairygirl4u2c
obama has mostly academics and former econ advisors for his advisors.

mccain has mostly CEO types.

i can provide evidence on this as i have before if anyone doens't believe me.

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dairygirl4u2c
if mccain were really duped, he'd probably follow a lot of conservative rhetoric that says debt is better than paying for it, in the national government. depsite what greenspan etc say. despite a lack of explanation. despite the conservative idea that you pay for your expenses.... somehow that gets lost in politics.

if he desn't defend himself.... all he really stands for is an increase in taxes, and ultimately being less conservative than obama.

ie, massive tax cuts at the expense of not paying for them only menas more you're going to have ot pay for more later.

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dairygirl4u2c
"you can be better to give directed tax cuts who do things that advance the economy instead of blanket tax cuts. eg, brings capital to the US, creates jobs, creates innovation etc."

and instead of giving preferential treatment to people who invest inways that are favored by the capital gains tax, target those other things.
ie, increased outside capital investments into the economy, innovation, and job creation. roughly in that order.

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kenrockthefirst
[quote name='CatherineM' post='1656193' date='Sep 15 2008, 06:43 PM']I'd much rather have someone admit they don't know something and ask for expert advice, than to bumble through and screw things up rather than admit they don't know something.[/quote]

[quote name='Lounge Daddy' post='1656204' date='Sep 15 2008, 06:54 PM']So that's why he has a cabinet. And we should appreciate his honesty on that topic.[/quote]
It's not whether McCain has a bunch of pointy-headed economic advisers around him, it's the underlying economic philosophy of the Republican party that's the problem, to wit, "I'm all right, Jack, I've got mine," "borrow [from the Chinese and the Saudis] and spend," "government isn't the solution, it's the problem," so let's cut regulatory oversight. Well, after eight years of Law of the Jungle Capitalism, we can all see how well [i]that's[/i] worked out. The US can literally not afford another four years of the past eight years.

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dairygirl4u2c
it's not wrong to say you don't know something as president. then on the other hand, you should be expected to elite-ly good at everything you do to be president. if the other person can get you, then you shouldn't win on that issue.
no one knows everything, and needs people to surround them.

not to say obama's necessarily better. though i tend to think so.

whatever one's position,,, the question isn't whether he's ignorant or not, it's whether he's more ignorant than obama... and whether his ideas are better.

yeah other than my opinions on obama, i just stated a bunch of truisms...
but my point was to provide the counter balances to the ratinalizations of mccain econ ignorance.

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