Once again showing why all conservatives should rally ’round McCain:
At its core, the economy isn’t the sum of an array of bewildering statistics. It’s about where Americans work, how they live, how they pay their bills today and save for tomorrow. It’s about small businesses opening their doors, hiring employees and growing. It’s about giving workers the education and training to find a good job and prosper in it. It’s about the aspirations of the American people to build a better life for their families; dreams that begin with a job.
So how are we going to create good jobs? Let’s start with small businesses, which create the majority of all jobs. A recent report says small businesses have created 233,000 jobs so far this year while other sectors are losing jobs. Small businesses are the job engine of America, and I will make it easier for them to grow and create more jobs. My opponent wants to make it harder by imposing a “pay or play” health mandate on small business. This adds $12,000 to the cost of employing anyone with a family. That means new jobs will not be created. It means existing employees will have their wages cut to pay for this mandate. My plan attacks the real problems of healthcare — cost, availability and portability.
Some economists don’t think much of my gas tax holiday. But the American people like it, and so do small business owners. Just ask Andrew Emmett who runs Air-Tite insulation in Michigan. He has had to stop hiring new workers because of the cost of fuel for his trucks.
We need to keep the IRS from taking more of your income and making life harder for small business. If you believe you should pay more taxes, I am the wrong candidate for you. Senator Obama is your man. The choice in this election is stark and simple. Senator Obama will raise your taxes. I won’t. I will cut them where I can. Jobs are the most important thing our economy creates. When you raise taxes in a bad economy you eliminate jobs. I’m not going to let that happen.
Senator Obama’s tax increases will hurt the economy even more, and destroy jobs across this country. If you are one of the 23 million small business owners in America who files as an individual rate payer, Senator Obama is going to raise your tax rates. If you have an investment for your child’s education or own a mutual fund or a stock in a retirement plan, he is going to raise your taxes. He will raise estate taxes to 45 percent. I propose to cut them to 15 percent. His plan will hurt the American worker and family. It will hurt the economy and cost us jobs. For those of you with children, I will double the child deduction from $3,500 to $7,000 for every dependent, in every family in America. At a time of increasing gas and food prices, American families need tax relief and I, not my opponent, will deliver it.
Obama’s entire economic plan is just warmed-over Carterism…as was said of the Bourbons of old, the liberal Democrats have learnt nothing and forgotten nothing. Obama’s blast-from-the-past concepts like a “windfall profits” tax shows that he hasn’t thought about economics, but has swallowed whole the liberal concept that the government knows best. McCain, however, is a longstanding Reaganite on the economy – the man who understands that as far as economic growth is concerned, the best thing the government can do is get the heck out of the way. You can’t manage an economy from the center because you can’t know what people want, nor what people are willing to do. Only the free interplay of the market can make such determinations – still imperfectly, but far more effectively than even the wisest and most knoweldgable government bureaucrat.
But McCain is also no booster of mere business for the sake of business – he seems to instinctively understand that the very large corporations can be just as ineffective as the very large government bureaucracies and this is why McCain’s emphasis is on the smaller corporations and family businesses. It is the man or woman who is building up something of their own who is doing the real work of America – not the man working on becoming CEO of a Fortune 500 company, no more than the empire-building bureaucrat is. Large corporations and large bureaucracies will remain, at least for a while; but the less said about them, the better – and lets certainly not go about encouraging them. Unleash the average American, and you’ll get prosperity. McCain is for such unleashing, while Obama is for fastening yet more chains about us…nice chains, to be sure; chains which are intended to help us, it goes without saying…but chains nonetheless, and chains which will ruin us and, for the 1,000th time, dash liberal hopes and dreams.
We’ve hit a rocky patch at the junction of stupid loans (made, it must be noted, mostly by larger corporations with the connivance of Big Government) and high oil prices. The economy is in fundamentally good shape, but in order to weather this storm and emerge stronger on the other side of it we’ll need a free marketing Reaganite like McCain, not a quasi-socialist Carterite like Obama.
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