Just The Facts Maam Part 2

October 6, 2008 by Jeremy.

BUDGET & ECONOMY

Senator John McCain

• Have no doubt about the magnitude of financial crisis. (Sep 2008)
• Recoup financial bailout cost by cutting spending. (Sep 2008)
• Freeze on everything but Defense, Veterans & entitlements. (Sep 2008)
• I have fought against excessive spending my entire career. (Sep 2008)
• These are tough times; we need changes; so keep taxes low. (Aug 2008)
• Can’t pass trillions of dollars of debt to our children. (Jul 2008)
• GovWatch: Specified cuts are $10B, not $100B. (May 2008)
• Bailing out Bear Stearns necessary to protect economy. (Apr 2008)
• Key is to not to bail out homeowners who speculated. (Apr 2008)
• Things are tough now, but we’re better off than in 2000. (Jan 2008)
• May have to go further to fix the subprime lending situation. (Jan 2008)
• Recession is partly psychological and not inevitable. (Jan 2008)
• I’m well-versed in economics; I was at the Reagan Revolution. (Jan 2008)
• FactCheck: Said–then denied–he needed economics education. (Jan 2008)
• Impose some fiscal discipline to revive the economy. (Jan 2008)
• Will be able to reduce war costs & have a stable Middle East. (Jan 2008)
• Reform insurance to cover violent weather patterns. (Jan 2008)
• To avoid recession, stop out-of-control spending. (Jan 2008)
• Loss of economic strength leads to losing military strength. (Dec 2007)
• Republicans have forgotten how to control spending. (Nov 2007)
• AdWatch: Outrageous to spend $233M for bridge to nowhere. (Nov 2007)
• FactCheck:Bridge-to-Nowhere never built; would serve 200,000. (Nov 2007)
• FactCheck: Criticized “Woodstock museum,” but skipped vote. (Nov 2007)
• Congress spends money like a drunken sailor. (May 2007)
• Veto all pork-barrel bills and announce pork spenders. (May 2007)
• Use veto power to reduce government spending. (Jan 2000)
• Distribute surplus: 23% tax cuts; 62% Social Security. (Jan 2000)
• $9B of pork in current budget bills; cut subsidies. (Oct 1999)
• For Balanced Budget Amend., & off-budget Social Security. (Jul 1999)
• List of budgetary spending priorities. (Jul 1998)
• Supports Balanced Budget Amendment. (Jul 1998)
• Apply surplus to Social Security, Medicare, tax cuts & debt. (Jul 1998)
• Voted YES on $40B in reduced federal overall spending. (Dec 2005)
• Voted NO on prioritizing national debt reduction below tax cuts. (Apr 2000)
• Voted YES on 1998 GOP budget. (May 1997)
• Voted YES on Balanced-budget constitutional amendment. (Mar 1997)
• Maintain & enforce existing spending caps in the future. (Sep 1998)

Senator Barack Obama

• We’re in the worst financial crisis since Great Depression. (Sep 2008)
• The lax regulation that Bush favored got us in this disaster. (Sep 2008)
• Pay attention to Main Street, not just Wall Street. (Sep 2008)
• Decide financial rescue plan on future slower tax revenues. (Sep 2008)
• Spending freeze is like a hatchet where you need a scalpel. (Sep 2008)
• Latinos & blacks are hardest hit by housing & gas crises. (Jun 2008)
• A different economic approach vs. McCain’s 4 more years. (May 2008)
• Can’t do anything at home with $12 billion a month on Iraq. (Feb 2008)
• Protect consumers with Credit Card Bill of Rights. (Feb 2008)
• More accountability in subprime mortgages. (Feb 2008)
• Bush stimulus plan leaves out seniors & unemployed. (Jan 2008)
• Voted against limiting credit to 30%, because 30% too high. (Jan 2008)
• Account for every single dollar for new proposed programs. (Jan 2008)
• Help the homeowners actually living in their homes. (Jan 2008)
• Bankruptcy bill pushed by banks &. (Jan 2008)
• Capping credit card interest rates at 30% is not enough. (Jan 2008)
• Lack of an energy policy is a financial burden. (Jan 2008)
• Release people in bankruptcy due to health care problems. (Jan 2008)
• I opposed both the 2001 and 2005 bankruptcy bills. (Jan 2008)
• Accountability and oversight over the financial markets. (Jan 2008)
• Modify some of the fraudulent & predatory lending practices. (Jan 2008)
• Bush & GOP dug budget hole; need years to dig out. (Dec 2007)
• Save $150 billion in tax cuts for people who don’t need them. (Dec 2007)
• Take China “to the mat” about currency manipulation. (Dec 2007)
• Rejects free market vision of government. (Oct 2007)
• Regulate financial instruments to protect home mortgages. (Aug 2007)
• Government regulation needed for when markets fail. (Aug 2007)
• Return to PayGo: compensate for all new spending. (Oct 2006)
• Bush’s economic policies are not working. (May 2004)
• Supports federal programs to protect rural economy. (May 2004)
• Voted NO on paying down federal debt by rating programs’ effectiveness. (Mar 2007)
• Voted NO on $40B in reduced federal overall spending. (Dec 2005)
• Get minorities into home ownership & global marketplace. (Jan 2001)
• Require full disclosure about subprime mortgages. (Dec 2007)
• Reform mortgage rules to prevent foreclosure & bankruptcy. (Feb 2008)

Governor Sarah Palin

• We should not reward poor financial decisions. (Sep 2008)
• McCain’s experience makes him best judge in economic crisis. (Sep 2008)
• Program of $1,200 to every Alaskan: spent on consumer goods. (Sep 2008)
• Workforce fundamentals are strong; economy needs oversight. (Sep 2008)
• Taxpayers cannot be looked to as Wall Street bailout. (Sep 2008)
• Control spending by request if possible; by veto if needed. (Sep 2008)
• $7 billion savings plan for education & transportation. (Dec 2007)
• Reduced general fund spending by $124 million. (Mar 2007)
• Aim to reduce general fund spending by $150 million. (Jan 2007)
• Firm believer in free market capitalism. (Nov 2006)
• Coordinate state tourism marketing but no additional funding. (Oct 2006)

 Senator Joe Biden

• Balancing budget is about priorities; GOP made wrong choices. (Dec 2007)
• Save Pentagon spending by getting the troops out of Iraq. (Dec 2007)
• More transparency for hedge funds and private equity funds. (Aug 2007)
• Invest in new programs by ending war & eliminating tax cuts. (Apr 2007)
• Voted NO on $40B in reduced federal overall spending. (Dec 2005)
• Voted NO on prioritizing national debt reduction below tax cuts. (Apr 2000)
• Voted YES on 1998 GOP budget. (May 1997)
• Voted YES on Balanced-budget constitutional amendment. (Mar 1997)

Source: http://www.issues2000.org/default.htm

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