Wow, this got out of control pretty quick. I guess it is good that we are all this passionate on the subject! LOL! My vote is for Obama; will not go to Clinton (not even with Obama as a running mate).
I won't dive into anyone's side comments, but a couple of things I want to add to the collective conversation:
- Comparing oil prices in America to other countries is a moot point. We refine oil domestically, so we have much more control over costs than, say, the UK, that imports gasoline/deisel directly. The fact that we are approaching $4/gallon is significant.
- Tax cuts are just one tool that government uses to aid the economy. In reality though, it is disputable whether they actually have an impact in a situation like ours where we are at nearly full employment. Read up on Supply side/Keynesian economics if you want the full picture.
- So far, no one has mentioned the Pentagon/AirBus deal, which would have meant thousands of jobs (I think someone mentioned 44,000 new jobs) if it would have gone to Boeing instead. That is the type of government spending that is good for our economy and can spur growth.
- The exchange rate for the US dollar is pathetic right now, due in large part to the war and the need to borrow large sums of money from countries like China, Japan and India to fund it. This is having the largest impact on pricing on all foreign products than any other variable. Spur value growth in the US dollar and it is like you give the majority of America a raise.
Just some food for thought. I'll stay out of the rest of this muckety-muck...