Democrats Don't Understand Economics

Although, this may sound like a blatant attack on the Democrats, this debate is not an attack but an observation.

Democrats seem to believe taxing the rich or those more fortunate just sounds like a good idea, but fail to address the ripple effects it will have on the economy. You don't just take away tax dollars from people or entities without them missing their cash and a bit upset at the same time.

Furthermore, Democrats don't seem to grasp what "futures" or speculation in investments work, because if they did, they would see that certain decision like say "Oil Drilling" has an immediate effect on prices. They refuse to acknowledge that drilling will bring relief, however, they don't realize that just saying the words, "Drill, Drill, Drill!" will bring down gas prices. Why do you think prices are falling for oil right now, demand is down, and everyone is talking about alternative forms of energy, and drilling that speculators and analyst are taking all that into account in the markets.

Isn't interesting that President Bush first announced the executive ban on oil drilling and oil fell nearly 10 dollars in the next three days, for that matter started falling as soon as he held the news conference.

Democrats don't seem to get this aspect of the economy or just ignore or it, since it doesn't help them.

Anyways this is just the tip of the iceberg, so this is my conclusion, Democrats don't understand economics.

Lets talk about republican economic plans and democratic republican plans.
(note: these are the 2008 agendas)

Republicans:
-Give American companies huge tax breaks
-Give tax breaks to the wealthier americans
(note: Sen. McCain will raise taxes on the middle class by cutting the bush tax cuts)
-Expand the US's involvement in the global economy
-Provide americans with more stimulus checks for economic relief

Democrats:
-Give the middle class tax cuts (95% of middle-income americans)
-Manage the economy' s reliance on foreign trade
-Halt the outsourcing of jobs
-Stop the bush tax breaks for large companies and only award them to companies who have managed their company according to american interests (eg: companies that have not outsourced jobs)
-Provide 20,000 new jobs via alternative fuel research and production.
-Award americans with 500-1000 dollar tax credits.

Now that that has been clarified, lets take a look at the effects of each plan on our current economy.

Republican:
Republicans:
[Give American companies huge tax breaks]
This is the same thing Bush has been doing for the last 8 yrs, but it has not bolstered our economy. The truth is, these companies are taking the extra profits and stuffing them in the pockets of the top dogs. This has not helped the economy at all.

[Give tax breaks to the wealthier americans
(note: Sen. McCain will raise taxes on the middle class by cutting the bush tax cuts)]
Republicans subscribe to an economic theory that suggests the "wealth will trickle down" to the poor. Lets make the wealthier, wealthier and that will make to poor wealthier. This is poor logic and a false notion. This actually does what it been doing the last 8 years and throughout history. It widens the gap between rich and poor. This is a republican theory that has never worked. Furthermore, how can Sen. McCain bolster the economy when he takes more money out of the hands of middle class americans?

[Expand the US's involvement in the global economy]
News flash. The Global Economy is a disaster! More invlovement in the global economy would not increase profits. It would do two things.
1. It would increase the amount of jobs that are outsourced, thereby taking more jobs from america, which will increase the unemployment rate, which will pull down the economy.
2. The United States (believe it or not) has suffered the least in this global recession. Even China is suffering economically worse than we are. Increased American involvement in the global economy will bring us down, by trading with other economically supressed nations. This will only hurt as well.

[Provide americans with more stimulus checks for economic relief]
This will create short-term relief. It will bump up the economy for a month or too and then it will slide down again. This is not a permanent solution and it will cost billions of dollars.
(note: John McCain also wants to continue the war in Iraq as well as provide check to americans to pay for their healthcare. The cost of these annually, not including the stimulus checks? 125 Billion Dollars every year)

Now lets take a look at the Democrats.

[Give the middle class tax cuts (95%)]
This will put more money in the pockets of average americans, which will be spent, which will bolster the economy.

[Manage the economy's reliance of foreign trade]
America's reliance on foreign trade needs to be cut back because of the current state of the global economy. What will happen if we do this??? It wont hurt our economy. It will grow it. America will have to rely on itself for many more things then before. New companies will produce new goods. These companies will provide new jobs. America will become a global center for innovation and a leader in alternative fuel production. American money will stay in American and it will grow and charge the economy back up. By trading internally instead of globally, our money stays here and more jobs are created, which will provide americans with a decent income.

[Halt the outsourcing of jobs]
We lose thousands of jobs a year to foreign countries. This needs to stop. It is taking jobs from hard-working americans, which is keeping money out of american pockets and taking money out of our economy.

[Stop the bush tax breaks for large companies and only award them to companies who have managed their company according to american interests (eg: companies that have not outsourced jobs)]
This will motivate companies to keep jobs here in America. Companies outsource jobs because its cheaper and it increases their profits. If these same companies can get tax breaks by keeping jobs in america than they will be much more willing to quit outsourcing these jobs.

[Provide 20,000 new jobs view alternative fuel research and production.]
New jobs means more money!

[Award americans with 500-1000 dollar tax credits]
Comparable to the republican stimulus checks, these tax credits will provide temorary but not permanent relief.

In summary, the democrats plans for the economy hold just as much (if not more) merit than the republicans.
In closing I would like to give a few examples of democratic presidents who did wonders for the economy.

Bill Clinton- presided over what was arguable the most prosperous time in American history.
Franklin D. Roosevelt- brought the united states out of the depression when republican Herbert Hoover was unable to
Woodrow Wilson - saw the united states out of the recession that was created by republican William Taft
Harry S. Truman - presided over the fifties, some of the most econocally successful times in American history.

These democrats understood the economy very well...
I guess Democrats DO understand the economy!

Since my opponent did not post an argument this round...
I will sit here and wait patiently
...silently hoping that you will vote for con!

Well this debate was a complete flop...
Oh well...
Vote CON!!!