On the election, the economy and politics

The 2008 elections are now only 4 weeks away, and I’m still waiting for the presidential candidates to separate themselves from each other in their speeches and their actions.  The most notable difference between the two comes not in themselves, but in their Vice Presidential selections.

During the VP debates, Sarah Palin, who is John McCain’s VP selection, set herself apart from Joe Biden, who is Barack Obama’s selection in many ways.  She showed that she is the ONLY true conservative in this election, and it’s a shame that she’s not the Republican nominee.

Firstly, when asked about rights for gays, Biden gave the party line of “we support gay marriage, we support gay rights, so just try to stop us.”  Palin, conversely, took her own stance–based on experiences with others in her life–that although she believes that the gay lifestyle might be one’s choice, she does not support equal legal or marital rights for gay couples.  (It’s an unbelievable tragedy that this is even an issue in our nation.)

Secondly, Biden summarily stated that America and the American economy would be better off with more government programs designed to take more money from the ‘rich’ and redistribute it to the ‘poor’–much of the same bull we’ve been enduring for nearly the past half century, and look where it’s gotten us!  Palin supports more oversight in financial matters, including lending by banks to each other and lending by banks to those who can not pay back, i. e, the entire Fannie Mae and Freddie Mac mess that had roots in the mid 1990’s.  Pain’s approach, while not 100% conservative makes the most sense.

Certainly out of the VP debate, the election could have turned if Americans had been alarmed by what came out of Biden’s mouth compared to what Palin said.

 

On the economy–anybody who has any sense knows that in the cycle of business, periods of economic retraction happen.  Government intervention and the sensationalizing of the state of the American economy by every major media outlet in the country will undoubtedly prolong this downturn longer than it could have been.

But, the economy for average Americans like you and me was clicking along, holding its own until gasoline reached the $4.00 a gallon mark back in the summer.  That was as high as we were willing to go, and the economy for the average Joe began to slow considerably.  That is where I see it.

And, I’m not sure I understand what the big media is calling the credit crisis.  Just last week out of necessity I secured an auto loan with no problem.  I know everyday average folks who are purchasing homes or expanding/remodeling existing ones with no problems getting a loan for the project.  Again, we have to keep the ‘poor economy’ in perspective, as it pertains to our daily lives.  Sure, some slowdown has happened, but it’s not nearly dire as the major media proclaim it to be.  The American economy is much greater than that.

Joe B. Coates

 

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