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Question 1 Andrew, how does raising the Capital Gains tax significantly help the economy?
In addition to raising existing and proposing new taxes, Obama even wants a Gas tax!
I want businesses to thrive, and I want people to be rewarded for their success. But what I also want to make sure is that our tax system is fair and that we are able to finance health care for Americans who currently don't have it and that we're able to invest in our infrastructure and invest in our schools.
And you can't do that for free.
Question 2 Andrew, what is Obama's stance on this? Is he for the 2nd Amendment or isn't he? Why is he telling the American people one thing, and then doing something different?
As a general principle, I believe that the Constitution confers an individual right to bear arms. But just because you have an individual right does not mean that the state or local government can't constrain the exercise of that right, in the same way that we have a right to private property but local governments can establish zoning ordinances that determine how you can use it.
I think we have two conflicting traditions in this country.
I think it's important for us to recognize that we've got a tradition of handgun ownership and gun ownership generally. And a lot of law-abiding citizens use it for hunting, for sportsmanship, and for protecting their families.
We also have a violence on the streets that is the result of illegal handgun usage. And so I think there is nothing wrong with a community saying we are going to take those illegal handguns off the streets.
And cracking down on the various loopholes that exist in terms of background checks for children, the mentally ill. We can have reasonable, thoughtful gun control measure that I think respect the Second Amendment and people's traditions.
The effect of the capital gains tax will be directly related to the status of the Stock market. The stock markets' status is contingent upon investors. So ultimately, it would be up to investors rather or not to invest in the economy based on the Capital Gains tax.
Ultimately, i believe that some investors would say they refuse to invest based on said gains tax, but, like clockwork, would not resist the allurement of the USD on Wall Street. Overall, i believe the impact of the Capital Gains tax would have a minimal, and brief, impact on the stock market, which would in turn be minimal and brief for the economy.
our dollar (is) in major decline. High Gas prices, major mortgage foreclosures/scandals and so on.
We really need to build our economy again and feed OUR OWN people. Andrew, why is it America's responsibility to solve global poverty?
A true leader sticks to his word, and is by no means INDECISIVE!
Barack Obama understands that you can't continue to print more money when you run out of what you have. The more money you print, the more you depreciate the value of said money.
Uncle Sam runs a worldwide confidence racket with his self-made dollar based on the confidence that he has elicited and received from others around the world, and he is a also a deadbeat in that he does not honor and return the money he has received.
Economic growth comes from investors. Investment comes from Wall Street. To make the argument that people wont want to invest, because their taxes got raised, is a rather asinine statement, in this persons opinion.
If Obama raises the capital gains tax back to 28% many investors might decided to take money out of riskier equities and re-invest it in safer CDs and bonds.
After all why take a risk of a loss on a stock investment when my after rate of return might be the same as that in a safer fix income investment.
By raising the capital gains tax rate Obama would make investing in stocks less attractive. This will most likely cause investors to move money out of stocks and into fix income. As they do this the stock market would decline in value which will in turn hurt the over all value of the stock investments that Obama's "ordinary folks" own in their 401Ks and IRAs.
His proposal (for paying for it) is the capital gains tax.
By solving global poverty, we solve poverty at home as well. The united states is considered in the 'global' category. So if a more precise question would be why is it our responsibility to help people outside of America
Senator John McCain is opposed to a universal healthcare system. Instead, he is proposing a plan that would provide every American family a $5,000 refundable healthcare tax credit. Under this plan taxpayers would be allowed to choose their own healthcare and insurance providers and not be restricted to only those plans offered by their employers.
(1) Prevail in Iraq: With success defined as reasonable political stability and significant reduction in U.S. force levels. We will bring most of the troops home, but in victory, not defeat.
(2) Reform the tax code: Make the Bush tax cuts permanent; abolish the estate and gift tax; and abolish the AMT. I think it will be important to limit the scope of tax reform. I'd like to cut corporate tax rates, eliminate the marriage penalty, and make other reforms, but I think that they will be very difficult to accomplish.
(3) Curtail federal spending: Freeze all spending at current levels except Defense, Social Security, and Medicare. Limit the growth of Defense spending to 3% annually.
(4) Appoint strict constructionist Justices and Judges: Focus on Chief Justice Roberts (who is less controversial than Justice Alito), and perhaps suggest Miguel Estrada as the first nominee.
(5) Secure the border: Complete the border fence and increase border enforcement. Postpone decision on policies toward illegal immigrants already in the country until after the border is secured.
(6) Reform Social Security: With a combination of private accounts, reduction in cost-of-living adjustments, raising of the retirement age, reduction in starting benefits by small increments (for example, a SS recipient becoming eligible in 2010 would receive 99.5% of the benefit calculated under current law, a recipient becoming eligible in 2011 would receive 99.0%, and so on), and small tax increases (0.05% increase per year in both the employee's and employer's tax, for 10 years, until the SS tax rate is 6.7% for employee and 6.7% for employer). Believe me, I hate tax increases, but I think that to solve the Social Security crisis, compromise will be necessary.
$5,000 refundable healthcare tax credit. Under this plan taxpayers would be allowed to choose their own healthcare and insurance providers and not be restricted to only those plans offered by their employers.
Andrew, Obama voted for continued trade-status with China. He even voted to not doing something about China's documented unfair trade-practices by tougher trade laws. How can he support this?
Source
The U.S. should be firm on issues that divide us [from the Beijing government] -like Taiwan-while flexible on issues that could unite us. We should insist on labor standards and human rights, the opening of Chinese markets fully to American goods, and the fulfillment of legal contracts with American businesses-but without triggering a trade war, as prolonged instability in the Chinese economy could have global economic consequences.
Question 2: How does Obama stand on issues with our military. Is is he for keeping a strong military in today's turbulant world or is he for major down-sizing of our military?
* The Problem: The excellence of our military is unmatched. But as a result of a misguided war in Iraq, our forces are under pressure as never before. Obama will make the investments we need so that the finest military in the world is best-prepared to meet 21st-century threats.
* Rebuild Trust: Obama will rebuild trust with those who serve by ensuring that soldiers and Marines have sufficient training time before they are sent into battle.
* Expand the Military: We have learned from Iraq that our military needs more men and women in uniform to reduce the strain on our active force. Obama will increase the size of ground forces, adding 65,000 soldiers to the Army and 27,000 Marines.
* New Capabilities: Obama will give our troops new equipment, armor, training, and skills like language training. He will also strengthen our civilian capacity, so that our civilian agencies have the critical skills and equipment they need to integrate their efforts with our military.
* Strengthen Guard and Reserve: Obama will restore the readiness of the National Guard and Reserves. He will permit them adequate time to train and rest between deployments, and provide the National Guard with the equipment they need for foreign and domestic emergencies. He will also give the Guard a seat at the table by making the Chief of the National Guard a member of the Joint Chiefs of Staff.
(same source as listed above)
"Maybe 100," McCain replied. "As long as Americans are not being injured or harmed or wounded or killed, it's fine with me and I hope it would be fine with you if we maintain a presence in a very volatile part of the world where al Qaeda is training, recruiting, equipping and motivating people every single day."
Speak softly and carry a big stick; you will go far
"I hate the gooks," McCain said yesterday in response to a question from reporters aboard his campaign bus. "I will hate them as long as I live."
In his 1992 Senate bid, McCain was joined on the campaign trail by his wife, Cindy, as well as campaign aide Doug Cole and consultant Wes Gullett. At one point, Cindy playfully twirled McCain's hair and said, "You're getting a little thin up there." McCain's face reddened, and he responded, "At least I don't plaster on the makeup like a trollop, you [expletive deleted]." McCain's excuse was that it had been a long day.
Q: Why snub the governor?
McCain: I didn’t mean to snub him. I’ve known the lieutenant governor for 15 years and we’ve been good friends….I didn’t intend to snub him. There are other states where the governor is not the chairman.
Q: Maybe it’s the governor’s approval rating and you are running from him like you are from the president?
McCain: (Chuckling) And I stopped beating my wife just a couple of weeks ago…
For John McCain. A 5,000 dollar tax credit still costs money. It is less money taken in per family, so it still has to be compensated with something. If you owe me 10 dollars, and i give you a credit of 8 dollars for raking leaves, then i have only taken in 2 dollars. If i want my other 8 dollars, i have to find another means of getting it now.
When asked a question, a debater must give a straight forward answer in his next post
The U.S. should be firm on issues that divide us [from the Beijing government] -like Taiwan-while flexible on issues that could unite us. We should insist on labor standards and human rights, the opening of Chinese markets fully to American goods, and the fulfillment of legal contracts with American businesses-but without triggering a trade war, as prolonged instability in the Chinese economy could have global economic consequences.
February 22, 2007 – Senate lawmakers have introduced legislation that would rescind Permanent Normal Trade Relations status granted to China in 2000.
"Since 2001, the first year China operated with PNTR status, our trade deficit with China ballooned from $83 billion a year to well over $232.5 billion in 2006," Senator Byron Dorgan said. "It's not difficult to see why. China has engaged in systematic labor abuses, intellectual property theft and piracy, currency manipulation and unfair barriers against U.S. exports.”
"NO" Vote 232: H R 2862: Dorgan Amdt. No. 1665; To prohibit weakening any law that provides safeguards from unfair foreign trade practices.
The excellence of our military is unmatched. But as a result of a misguided war in Iraq, our forces are under pressure as never before. Obama will make the investments we need so that the finest military in the world is best-prepared to meet 21st-century threats.
* Rebuild Trust: Obama will rebuild trust with those who serve by ensuring that soldiers and Marines have sufficient training time before they are sent into battle.
I will cut tens of billions of dollars in wasteful spending. I will cut investments in unproven missile defense systems. I will not weaponize space. I will slow our development of future combat systems.
the USS Lake Erie just racked up another in a long series of successful intercepts, proving the U.S. Navy anti-missile systems not only work but work well in simulated combat situations. The Lake Erie scored two direct hits against two missiles fired and destroyed another missile from a moving launch vehicle.
Obama feels that such a defense is unnecessary. Meanwhile, both North Korea and Iran are quickly progressing toward missiles capable of reaching America, Moscow is deploying its latest lethal ICBM, the Topol-M, and China is investing in massive missiles capable of reaching the U.S. homeland.
From the Debate Rules
If 24 hours passes without response, you may proceed with your next post. Members who exceed 24 hours run the risk of losing their post*Snip* My Emphasis
Hmmm .. your logic escapes me Andrew. I don't believe you understand debt to income ratio very well or other basic economics for that matter. It's not a bad thing, but give you a C for effort.
McCain doesn't have to raise money for his system as it is not a social program. It requires leaving private practice in place and giving you a 5000.00 credit towards whichever practice you want to go with. It's called freedom of choice Andrew. The government doesn't decide for you. You make the call.
a reduction in the gross amount on which a tax is calculated; reduces taxes by the percentage fixed for the taxpayer's income bracket
Hello, and sorry for the belated response. I have decided that the 24 hr. rule that requires a response in 24 hrs. is a "broken system" and am "declaring independence" from said system.
The answer was direct and factual. It had numbers and more, which is more than I can say for most of your round-about responses.
1. The inclination, especially in politics, to maintain the existing or traditional order.
2. A political philosophy or attitude emphasizing respect for traditional institutions, distrust of government activism, and opposition to sudden change in the established order.
3. Conservatism The principles and policies of the Conservative Party in the United Kingdom or of the Progressive Conservative Party in Canada.
4. Caution or moderation, as in behavior or outlook.
I went in looking for both participants to accentuate the positive with respect to their candidate. I came away with the thought that pointing out the warts on one frog does not mean no other frog has warts. I am surprised Barack Obama was placed in center stage by both participants which leaves me wondering if 'McCain by elimination' was by design or by another unintended idea.
Too, it would seem that any question of 'who is MORE qualified' does not mean the other party is not qualified except by the means, manner, and the personal standards used to determine the necessary qualifications. This idea alone presents a great difficulty to each of the participants.
Further it appears the when either candidate offers solutions they are dealing with current conditions and cannot foretell the future events that may well cause changes in their direction.
Nonetheless, this was a volatile, passionate debate. And credit should be given to the participants for using logic and reason, and for having the courage to put forth their ideas on this very important decision that America faces in 2008.
My vote goes to Andrew E. Wiggins who told me what he was going to tell me, then told me, and finally he told me what he had told me.
I rule in favor of Andrew E. Wiggin.
I judge this debate not on basis of my own political leanings which would favor jetxnet but on account of Wiggins providing slightly more referencing and sources to the various statements made. Thats why it wasnt too helpful that jetxnet missed one post.
Naturally both sides are tasked with upgrading their own candidate and downgrading the other candidate but I´d have preferred to seeing one of the debaters at least once admitting to some fault of their candidate. In a sad way this debate reflects the political climate of our nation in which no space for mistakes is given at all.
Id also have preferred Wiggins to talk a bit less and cut to the chase on a few ocassions.
My judgement of this debate is highly subjective in that I (after reading) am left with a feeling that McCain does indeed have many weaknesses that are not up to speed with Leadership. One point that especially struck me was the issue of anger-management and Wiggins comment on "If he hasnt managed his anger in 74 years, when will he?". Its sometimes small things like this that can tip a vote to the other side. Jetxnet had a slight advantage over Wiggins on economic issues. Being a talented writer he could have won the debate had he invested a bit more time on sources for his various claims (such as "Obama flip flops" - while this is given as "common knowledge", some specific examples and references would have been welcome).
I look forward to reading more of both debaters on the Boards.