
Earlier today, GraniteGrok spoke with NH’s former 2nd District Congressman Charles Bass…
What are the key differences between John McCain and Barack Obama with regards to their solutions to the present economic woes that ordinary New Hampshire citizens– the "Joe the plumbers"– need to know?
There are 3 areas of concern with what Obama has in store:
He proposes to raise taxes. This is EXACTLY the wrong thing to do in the present situation. This is not what he says in his rhetoric, but when you look at the details, many people will be paying more taxes in some form or other. He is looking to restrict free trade. New Hampshire is NOT Youngstown. Many small businesses are involved with and successful BECAUSE of free trade. You run a great risk of toning down successful NH businesses when you restrict free trade. He proposes to spend a trillion more dollars in addition to everything else, including the wars and economic bailout monies. He never answers the question of where the money is supposed to come from, other than he says he will end the war in Iraq. Of course, even the best estimates prioject that an "immediate" pullout still realistically leaves a significant number of troops there as late as 2012, so the anticipation of real savings is just a fantasy.And of course, there’s a difference in how Obama and McCain would spend the relief money itself. Obama offers an impressive list of benefits to almost everybody, with large amounts to go directly to "working people." While trying to help such people isn’t in and of itself bad, you have to ask whether or not it’s what’s best to actually achieve the goal of fixing the broken economy.
John McCain believes that the steps taken should be those that seek to shore up and actually rebuild the economy as a whole– one that strengthens businesses– especially small business, which, here in NH provide the majority of our jobs– for the long term and provides good, stable jobs. This is what is of the greatest benefit for ordinary people.
The only proposal made by Obama that appears helpful to small businesses is his proposal to cut capital gains taxes for some, including startups. That’s fine, but capital gains are not the norm during startup times, when there is generally little to no money made at that point.
Perhaps at some risk, Senator McCain talks about cutting corporate tax rates and other taxes. This truly helps small businesses and allows those dollars to instead be left in the economy.
These are complicated issues that require underlying experience if we are to find solutions. Ask yourself– Do we need someone with a good tongue and a good speechwriter to produce "happy talk", or do we need someone that is honest and has the experience and depth to truly fix the present situation? Senator McCain will balance the need for transparency and accountability while still maintaining America’s competitiveness. It’s a delicate thing, and the last thing we need is an Obama swinging a blunt bureacratic club on Wall Street, given today’s extremely complex and new economic conditions.
A recovering economy that brings along with it jobs means that business– especially small business– needs to thrive and prosper. In many cases today, American companies are competing in a globalized marketplace through both imports and exports. Tell us about the approach to trade taken by each of the candidates and which would be better for American businesses and their employees– especially right here in the Granite State…
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