Why Obama is Better for the Economy

 
According to a special report in The Economist, eighty percent of economists and 71% of economists with no party affiliation prefer Barack Obama's economic plan. Read about it here. Graphics are on the flip.  The majority of these same economists rated George W. Bush's policies as "very bad." That's not surprising because John McCain doesn't even understand economics (his own words).  Yet he continues in his wild deregulation radicalism, and a massive tax-cut package for the wealthy and large corporations, while misrepresenting Obama's record. Obama has demonstrated his steadiness and considered and considerable thinking on the nation's economic ills.  And his policies reflect his grasp of the subject and the strength of his ideas.  That's what America needs, not four more years of the policies bringing us to this point.  Nor do we need knee-jerk and thoughtless proposals, almost by afterthought, from the McCain camp.
Here's a closer look at the survey data.

It's no wonder, then, that the majority of individual taxpayers and small businesses would fare better under Obama's plan.  And that fact may be part of why economists prefer Barack Obama's.  But more than that, taken together, Obama's proposals would be better for the nation overall.

Aside from the economists' views, there are numerous other reasons to support Barack Obama's plan.  First a few general reminders...

FACT: Democrats left a budget surplus in 2001, while Republicans leave deficits.  

FACT: Government was actually smaller under Bill Clinton than any Republicans since Nixon.

FACT: More individuals do well under Democrats than under Republican administrations.

FACT: Obama would bring three times as much tax relief to ordinary Americans, while raising taxes on the small percentage who have cashed in on this nation's painful economic situation.  

FACT: Wreckless Bush stewardship over the economy and the deregulation free-for-all, as designed by McCain adviser Phil Gramm, has caused economic upheaval.  Yet John McCain wants more irresponsible deregulation.

And some more specific facts:

FACT: Barack Obama gets that some re-regulation is necessary to prevent economic stability.  However, he also knows not to overly encumber our system with needless red tape.

FACT: Only Barack Obama will balance the need for some reasonable regulation with streamlining, when possible and advisable, for greater efficiency.

FACT: Barack Obama will simplify tax filings for most Americans.

FACT: If you make $250,000 or less your taxes won't go up.

FACT: Under Obama's plan there's an average tax cut of $1,000.  This is paid for by a windfall profits tax.  All of Obama's tax cuts are paid for in his overall plan.

FACT: Obama will end tax incentives for outsourcing jobs and reward those who keep jobs here.

FACT: Obama will fight for fair trade and amend the North Atlantic Trade Agreement to gain a better deal for our American workers.

FACT: Obama's plan will do more to get workers who've lost their jobs back to work.

FACT: Barack Obama's plan will include transition assistance to enable workers to gain further training needed for a rapidly changing economy.

FACT: He'll eliminate taxes on seniors making less than $50,000.

FACT Of the two candidates, only Obama will end predatory credit card and lending practices, which have escalated to an unprecedented level under the Bush administration.

FACT: The primary cause of personal bankruptcy is health care expenses.  Barack Obama will work also on comprehensive health care reform to assure that people don't go bankrupt due to illness.

FACT: Barack Obama will end the practice of executives padding their own already-hefty bonuses, while they gut employee pension programs.

FACT: Barack Obama will invest in 21st century technologies, a Green economy and green jobs.  These emphasize energy independence and alternative energy technologies.

FACT: Barack Obama will create an Advanced Manufacturing Fund.  The fund will  have peer review and an award process to fund the most promising innovations.

For more on Barack Obama's plan, go to the Obama website here.  Or read his new book The Change We Can Believe In.

Find Obama's bppk here and at other book outlets.

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