Wednesday, September 17, 2008

Obama's Economic Ad: Line by Line Critique

This is a line by line response to Barack Obama's economic ad (text).

Barack Obama: In the past few weeks, Wall Street’s been rocked as banks closed and markets tumbled.

Vienna Sausage: In the past century, since 1913, America has been rocked as the money and banking became centralized and markets became more and more regulated.

BO: But for many of you – the people I’ve met in town halls, backyards and diners across America – our troubled economy isn’t news.
VS: But for many of you - the people I've met in person, or on the internet, our troubled economy isn't news.

BO: 600,000 Americans have lost their jobs since January.
VS: Every American has lost their economic freedom since 1913.

BO: Paychecks are flat and home values are falling.
VS: Money is created out of thin air, thus devaluing our dollar.

BO: It’s hard to pay for gas and groceries and if you put it on a credit card they’ve probably raised your rates.
VS: It's hard to save money if you need to put everything on credit.

BO: You’re paying more than ever for health insurance that covers less and less.
VS: You're paying middlemen insurance companies, that cover less and less, rather than exchanging directly with your doctor.

BO: This isn’t just a string of bad luck.
VS: This is a string of market intervention leading to more market intervention.

BO: The truth is that while you’ve been living up to your responsibilities Washington has not.
VS: The truth is that while personal responsibility and volition has been stripped, Washington stopped living up to its responsibility of limited government.

BO: That’s why we need change. Real change.
VS: That's why we need change. Genuine change.

BO: This is no ordinary time and it shouldn’t be an ordinary election.
VS: This is no ordinary time yet it is another ordinary election.

BO: But much of this campaign has been consumed by petty attacks and distractions that have nothing to do with you or how we get America back on track.
VS: But much of this campaign has been consumed by statist rhetoric and distractions that have nothing to do with you or how we get America back on track.

BO: Here’s what I believe we need to do.
VS: Here's what we need to do.

BO: Reform our tax system to give a $1,000 tax break to the middle class instead of showering more on oil companies and corporations that outsource our jobs.
VS: Reform our tax system, by lowering the income tax, from 10-35% of your income to ZERO percent. Stop ALL government subsidies to ALL corporations, not only to oil companies and companies that outsource our jobs.

BO: End the ‘anything goes’ culture on Wall Street with real regulation that protects your investments and pensions.
VS: End the 'bailout' culture on Wall Street, where not just reward, but risk and repercussions are all part of the market.  No company is too big to fail.

BO: Fast track a plan for energy ‘made-in-America’ that will free us from our dependence on mid-east oil in 10 years and put millions of Americans to work.
VS: Fast track ENDING government mandated monopolies on energy creation and transmission, let the millions of individual Americans choose their energy sources.

BO: Crack down on lobbyists – once and for all — so their back-room deal-making no longer drowns out the voices of the middle class and undermines our common interests as Americans.
VS: Crack down on statists - once and for all - so their back-room deal-making no longer drowns out the effectiveness of the free market and undermines our interests as individual Americans.

BO: And yes, bring a responsible end to this war in Iraq so we stop spending billions each month rebuilding their country when we should be rebuilding ours.
VS: And yes, bring an end to pre-emptive war and interventionist policies, so we can stop spending billions each month on OTHER countries when we should be focusing on our own.

BO: Doing these things won’t be easy.
VS: Doing these things won't be easy.

BO: But we’re Americans.
VS: But we're American individuals.

BO: We’ve met tough challenges before. And we can again.
VS: Individuals before us met tough challenges before.  Will you meet the challenge?

BO: I’m Barack Obama. I hope you’ll read my economic plan.
VS: I'm Vienna Sausage. I have no central economic plan, but a plan for a true free market, including free entry, free exchange, and free exit.

BO: I approved this message because bitter, partisan fights and outworn ideas of the left and the right won’t solve the problems we face today.
VS: I approve this message because emotionally laden statist ideas of the left and the right will only prolong the problems we face today.

BO: But a new spirit of unity and shared responsibility will.
VS: But a renewed spirit of unity yet individual responsibility will.

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