Friday, September 26, 2008

What you would do as president to lead this country out of the financial crisis?

McCain

  • Well, the first thing we have to do is get spending under control in Washington.

  • Examine every agency of government

  • Eliminate ethanol subsidies

  • Defense spending - do away with cost-plus contracts and have fixed-cost contracts

  • Spending freeze on everything but defense, veteran affairs and entitlement programs

  • Obama has $800 billion in new spending programs. I would suggest he start by canceling some of those new spending program that he has.

Obama

  • We've got to grow the economy from the bottom up. What I've called for is a tax cut for 95 percent of working families, 95 percent.

  • We have to have energy independence

  • Invest in alternative energy, solar, wind, biodiesel

  • Making sure that we're developing the fuel-efficient cars of the future right here in the United States

  • Fix our health care system

  • Make sure that we're competing in education

  • Invest in science and technology

  • College is affordable for every young person in America

  • Rebuild our infrastructure

  • Have a new electricity grid to get the alternative energy to population centers

  • Investing in energy in order to free ourselves from the dependence on foreign oil

  • Increase early childhood education

  • We have to look at bringing that war to a close

What I don't get is how Obama is going to fund all of this amid a financial crisis - unless he is going to raise taxes or is making empty promises.

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