John McCain Starts Petition Against Democratic Economic Plan
Senator John McCain called on Americans of all walks in life to sign a petition in which signatories demand the U.S. Senate to say no to the Democratic economic stimulus plan as it is. McCain writes on his website:
The Senate recently began debate on an economic stimulus package that is intended to get our economy get back on track and help Americans who are suffering through these difficult times. Unfortunately, the proposal on the table is big on the giveaways for the special interests and corporate high rollers, yet short on help for ordinary working Americans.
I cannot and do not support the package on the table from the Democrats and the Obama Administration. Our country does not need just another spending bill, particularly not one that will load future generations with the burden of massive debt. We need a short term stimulus bill that will directly help people, create jobs, and provide a jolt to our economy.
Please join me in saying no to this stimulus package as it currently exists by signing the petition to the right and telling your friends about our efforts.
The plan of Nancy Pelosi, Harry Reid and President Barack Obama costs taxpayers more than $800 billion (!) but does little to nothing to stimulate the economy in the middle to long term. The plan isn’t meant to stimulate the economy; instead, it’s a bill by and for special interest groups who demand payback for their support for Democrats in years gone by. Obama promised Americans that 40% of his economic plan would consist out of tax cuts. This is not the case; it’s yet another promise he broke in only a few weeks time after he was inaugurated. Democrats plan to spend money the federal government doesn’t have but borrows from future generations. In other words; it’s difficult to imagine them coming up with a worse plan.
It’s great to see the man who was written off last year after losing the elections take a stand for fiscal conservatism and responsible spending.
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I suppose we should listen to the Republicans because they are so well grounded in fiscal and monetary conservatism. After all, haven’t those tax cuts for the wealthy, those low interest rates, and the destruction of regulatory oversight put the economy on a pathway to unparalleled prosperity?
Jemerson;
Yup, we’ve identified the evil source of our economic woes. Be reassured that the Republicans are no longer in power.
@Jemerson
Well Jemerson you got 1 out of 3 right. Low interest rates and tax cuts did not cause the economic woes. Rugulatory oversight, yes indeed. However, quit being intelectually dishonest with yourself. Nobody here has a dog in that fight when you bring up Repubs and Bush, etc. This “stimulus” package is wrong whether it is Repubs or Dems. The fact that Obama is pushing it though should show he is just as incompitent as some previous administrations.
@c3
Not all business are greedy. The company I work for have profit sharing, they have never layed any one off, they use the profits to expand the company which provides very good jobs with very good benifits for the average educated citizens in the area. When they get tax reductions they use it to creat jobs. Their profit sharing has enabled me to purchase big ticket items. So yes tax breaks for the rich help. In the last 15 years 3 new plants have been put on-line. Providing work for many. Perhaps tax breaks should have the condition for just this sort of expansion; the creation of new jobs for the average citizen and improved work conditions for the wage earner. Just think how that would work. I really do not think that we are mad that the rick get the tax break, we are just mad because we are not the rich person. Lowered corp. tax gives incentive for businesses to expand or start but oversight is needed and the tax breaks need to be targeted.