Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Wednesday, September 17, 2008

Obama's Economic Ad: Rebuttal

This is a rebuttal to Barack Obama's economic ad (text).

In the past century, since 1913, America has been rocked as the money and banking became centralized and markets became more and more regulated. But for many of you - the people I've met in person, or on the internet, our troubled economy isn't news. Every American has lost their economic freedom since 1913. Money is created out of thin air, thus devaluing our dollar. It's hard to save money if you need to put everything on credit. You're paying middlemen insurance companies, that cover less and less, rather than exchanging directly with your doctor.

This is a string of market intervention leading to more market intervention. The truth is that while personal responsibility and volition has been stripped, Washington stopped living up to its responsibility of limited government. That's why we need change. Genuine change. This is no ordinary time yet it is another ordinary election. 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.

Here's what we need to do. 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. 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. Fast track ENDING government mandated monopolies on energy creation and transmission, let the millions of individual Americans choose their energy sources. 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.

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. Doing these things won't be easy. But we're American individuals. Individuals before us met tough challenges before. Will you meet the challenge? 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. I approve this message because emotionally laden statist ideas of the left and the right will only prolong the problems we face today. But a renewed spirit of unity yet individual responsibility will.

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.