Posts filed under ‘election’
According to Alan Lichtman, author of Thirteen Keys to the Presidency, the party of the incumbent President has lost every election in which a recession occurred in the fall of an election year. Here is the list from previous years: Hayes (1876), Cleveland (1884), McKinley (1896), Harding (1920), Roosevelt (1932), Kennedy (1960), and Reagan (1980). If history is any predictor McCain may very well be doomed.
Here’s a brief snapshot of the differences between Obama and McCain’s tax proposals. Since I arrived at the beach last weekend there has been very little time to watch TV or weed through the Internet articles on the Democratic National Convention. I did catch a glimpse of McCain’s running mate Alaska Governor Sarah Palin tonight on CNN. Add that VP choice to Obama’s VP choice of Joe Biden, and it’s easy to see that this is going to be a very interesting election.
I’m surprised by how little negative rhetoric has been used against McCain. Even Bill Clinton had good things to say about him at the DNC. I found this article about McCain’s bipartisanship particularly interesting, perhaps crossing the party lines has found McCain more supporters than naysayers.
** This article provides further analysis of the candidate’s tax proposals.
A side-by-side comparison of the candidates’ views on money.
|Barack Obama||John McCain
Guaranteed coverage for all.
Coverage mandatory under age 21.
Benefits are portable.
Tax credits for insurance coverage.
Portable insurance policies.
Alternative health care access.
Raise cap on taxable wages.
No raising retirement age.
Supports personal retirement account.
Believes reform is possible without tax increase.
Will develop a reform plan, and ask Congress for one as well.
New penalties for mortgage fraud.
Mandate accurate loan disclosure.
Establish fund to avert foreclosure.
Supports federal intervention to ease subprime mortgage pain.
No specific steps pledged.
Create jobs with energy independence plan.
Increase funding for workforce training programs.
Double federal funding for research and development.
Turn unemployment insurance program into retraining program.
Strengthen education to improve workforce skills.
Provide supplemental income to displaced, older workers who take new jobs.
$500 tax credit per person.
Universal mortgage credit.
Eliminate income tax for some seniors.
Repeal the alternative minimum tax.
Reform estate tax.
Ban Internet taxes and cell phone taxes.
This information was captured from Bankrate.com. To read more detailed facts click here.
Still undecided about the upcoming primary election? Not sure which presidential candidate to vote for? If so… check out bankrate.com’s interactive site to help you decide. The site provides a fairly detailed view of the candidates’ positions on a variety of financial issues. Topics include health care, taxes, social security, subprime/credit crisis, education and employment. You can view details of the candidate’s fiscal plans including previous voting records when applicable.
You can also compare the candidates’ views side-by-side to see how their ideas on fiscal planning differ. You can compare any candidate against another. So you can first compare Clinton against McCain and then compare Clinton against Obama. If you aren’t sure where the candidates stand on key financial issues definitely check out this site.