McCain V. Obama: Your money.

[Roadtoad]

You can read the full article here. (http://finance.yahoo.com/banking-budgeting/article/106069/Your-Money:-McCain-vs-Obama)

From what I've read, it's almost a wash in some areas. It's almost as though both are going for Bush Term III. While Obama wants to make serious changes to the tax code, McCain's changes, while more subtle, would almost accomplish the same goal.

Troubling, though, is when it comes to the Energy sector: I don't think Obama's going to get us out of this mess in any stretch of time. Ditto health care: McCain still does not get it. What good are tax breaks if you can't afford the insurance in the first place?

Your thoughts, folks?

[Skeptic Ginger]

Well, one big difference in my opinion is Obama's plans seem more detailed and thought out. McCain's just sounds like the usual, 'everyone gets a free pony', crap.

[Skeptic Ginger]

For example, reducing earmark spending vs eliminating them. McCain makes an absurd promise that sounds good to a crowd, but he already broke that promise (as if he wouldn't) when he voted for the bailout which ended up full of "earmarks". His excuse was it was necessary given the circumstances. What, there will be no circumstances for earmarks in a bill after he is elected?

The supposed millions in tax breaks for toy arrows was just such a necessary 'earmark'. Contrary to the way the media portrayed this as some giveaway, it actually was just an extension of a correction of a tax code change which inadvertently affected the toy arrow business. A tax code change meant a tax was levied on a "per arrow" basis rather than on production cost. That meant toy arrows which were inadvertently included were being taxed at > 100% of production cost while real arrows were being taxed a fraction of that. THE 'EARMARK' CORRECTED AN OVERLOOKED CONSEQUENCE OF THE TAX CODE CHANGE.

Not all 'earmarks' are pork. McCain is making a 'free pony' claim in his campaign rhetoric. Obama may very well be doing the same but I don't believe Obama is as big a liar or exaggerator as McCain whose lies are so ridiculously blatant.