The Pnebleu Blog

Tag: taxes

Interesting Times

by on Oct.10, 2008, under News & Politics, Thoughts

So, this has been an interesting ride for the last few months.  We had a woman versus a black man on the Democratic side of the fence and a Mormon versus a maverick on the Republican side.  Then, it narrowed down to McCain and Obama.  After the selection of the vice presidential candidates, a new energy and vigor was introduced to the 2008 race.  Female Governor Palin was a surprising choice on the part of McCain  and Obama’s lack of selecting Hillary Clinton shocked many.  With less than a month to the vote, things are getting intense.

The economy has been up and down.  The Dow, S&P, and NASDAQ have all fall a great deal in the last few weeks.  Many people believe the government should bail out the failing companies to “save” the economy.  I don’t think it will be enough.  We have based our economy on credit, and credit must be paid back.  Stricter lending policies must be brought back.  People not able to pay back a loan should not get it.  That may be harsh, but these are obviously hard times.  The national deficit is out of control.  We must stop spending money, and keep taxes low.  The government shouldn’t spend money it doesn’t have.  Raising taxes in an unstable economic climate would be disastrous.  It would slow the economic recovery further.

The next four years are going to be historic.  Either a female VP or a black President will lead the country through the worst ecomonic conditions in a very long time.  I do not doubt that we will recover, but it will take time and wise leadership.

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