Sep 25 2008
President Bush, McCain, Obama - Bailout
Today President Bush and both the Presidential candidates met at the White House to discuss the bailout or rescue. Now is the time to not play the blame game. I am glad everybody got together and to discuss this economic crisis.
And I think McCain was right in suspending his campaign and should postpone the debate to do his job as a senator in Washington and help figure out this problem. And Bill Clinton thinks McCain was right too!
What do I think of the bailout? I am not sure. I was always against it and then I thought, well I don’t want the economy to stop so maybe the bailout should take place. Now, I think no. Let the companies fail. America is about risk and failure or risk and success. Free market. Taxpayers should not have to pick up the debt.
This may be unconstitutional given the general welfare. So this bailout should not be done as is. If other businesses fail they will want a bailout from congress too and it will just be a never ending cycle.
I say we cut all capital gains taxes and taxes on savings and dividends, make it so people want to invest and start businesses, that would definitely help out the economy.
It’s all looking pretty scary. Hopefully, seeing Barack Obama debate Barack Obama tomorrow will placate our fears.
Forgive me for pointing out the obvious reality, but when your surrogates are all over the news, all of your campaign offices are still open, your VP takes her first question from reporters after a highly publicized photo-op at Ground Zero, you begin the day with a stump speech at the Clinton Global Initiative, you can still donate money online to the campaign, and the media follows you everywhere, and all the while your ads are still running on TV, and the first thing you do after saying nothing of value in your meeting with the sitting president is feed the media dogs, you’re still campaigning.