Tax Policy Just the Tip of the Iceberg

POLITICAL HOPE RADIO SHOW ANNOUNCEMENT

TOPIC FOR SUNDAY, OCTOBER 12, 2008, 4 PM CDT

If you watched the Presidential debate on Fox News this past Tuesday, maybe you heard the comments of Nina Easton with Fortune Magazine.

"We're witnessing tonight something quite profound and that was the sinking ship of free-market Republicans keel over, groan, and fall to the bottom of the sea. John McCain, without much notice, proposed a $300 billion dollar plan to nationalize home mortgages. ... And this is before he went on to attack Barack Obama on obscene spending and government control of health care. I thought it was an amazing moment." - Nina Easton, Fortune Magazine

McCain claims he'll lower taxes and Obama will raise them. Obama claims he'll lower taxes for the middle-class, increase spending, and still have a net budget decrease. Does anyone trust either candidate?

Taxes are just the tip of the iceberg. Economic policy goes far beyond taxes. Obama and McCain both favor government subsidy of housing. This works against private property rights and personal responsibilty. Neither candidate has any apparent opposition to fractional banking. Neither candidate has taken serious action to strengthen the value of the dollar. McCain opposes progressive taxation. Obama is clearly for progressive taxes. If the government owns and runs everything, progressive taxation won't matter anymore, and we have even talked about the National Retirement System, or wage and price controls.

Has McCain caved on Free Market economics? Was he strong on economic policy in the first place? If we don't see a major change in the campaign very soon, we'll all be singing, "Welcome to the Socialist States of America". God Save the U.S.A.

Call the Political Hope Radio Show to voice your opinion this Sunday at 4 pm CDT. You can hear us on The Word 98.5 & 99.3 KLGO FM Radio in Austin, or listen on-line ...

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We need your calls. Pick up the phone and join the discussion every Sunday at 4pm. The call in numbers are ... (512) 637-9673 (WORD) - or - (888) 860-9673.