Wednesday, October 8, 2008

I'm Calling The Election

Alright; I have decided to go ahead and give my prediction of the election. I am predicting that Barack Obama is going to be the next President of the United States of America. I came to this conclusion not because of the current polls-because those will change-but because of the economy.

Why is the economy such an important issue? Why is it more important than the war? Well, because money pays for things like war with tax dollars. We pay for war with $; we pay for food/shelter/clothing with $; we pay for healthcare/education/social security with $; we pay employees with $; etc.

McCain could have made an argument for why his economic policies would be better up until Monday. Monday ended everything for McCain.

So what happened on Monday? On Monday $2.2 Trillion - yes with a T - was pulled out of the market. This exodus was done by people with money-obviously. These are the same people that John McCain wants to give tax cuts to because they are the people who will invest in the economy. WELL , AS OF MONDAY, APPARENTLY NOT. Now, I'm not saying that when the economy is running smoothly that cutting taxes is a bad thing. If the rich are investing and we cut their taxes they will obviously only invest more; so I'm all for tax cuts then. But if the rich are pulling their money out; cutting their taxes will be detrimental to the economy. This is the time period when the government needs to be taking the rich's $$$ and investing it into the economy. Not necessarily redistributing the wealth without earning it, however. The government can just use this time to rebuild our infrastructure with the labor of people who are losing their jobs, and with the $$ of the rich who are pulling $$ out of the economy.

There are only a few ways that I think can be avoided and McCain stop this: 1) The Dow double in the next few weeks before the election. 2) McCain say that he changes his mind, and that he won't cut taxes and instead will raise taxes. 3) Some military conflict in the Mid-East or Asia occur. 4) A terrorist attack occur before the election.

Well, if I were working on the McCain campaign I'd start looking for work.