Obama joined the big anti-earmark legislation that recently failed in the Senate, which is a good step in the right direction. He had also joined McCain in some transparency legislation...I just wish he went into more detail as to where he'd want to cut government spending and where he wouldn't as he doesn't mention enough specifics in his fiscal plan than I'd like to see.
His other economic policies...eh, leave something missing for me. I'm not a big fan on "Bills of Rights" like a Credit Card Bill of Rights. I see that as making it almost too difficult for credit card companies. I don't like a mortgage tax credit, mostly because I don't see where the money's coming from to pay for such a credit. I could argue at length about the lack of a need to increse the minimum wage, especially considering we just increased it. I'd rather see a bracketed minimum wage system whereby those who are minors/dependents are given a different minimum wage than emancipated minors/independents. I don't think a high school kid trying to pay for gas and concert tickets needs to be making 8 bucks an hour, but a single parent working 2 jobs to make ends meet could use that or more. I also think that there has to be better ways to support job creation in the US than to double federal R&D tax credits, such as making it easier to form a small business, lowering their tax rates, or creating a tax credit for the ONLY the first few years a new small business is opened. I'm sure it'd need to be ridiculously well prepared to prevent loopholes (limits on how many an individual can request, restrictions on subdivisions of larger corporations, etc), but you get the general gist.
Basically -- I'm all with him on cutting spending and earmark reform. He's lost me once he talks about other fiscal issues. I'm sure other conservatives could give Obama a real shot and read his platforms too...and would find stuff, like me, that they agree with and have more substansive reasons to disagree with him.
His other economic policies...eh, leave something missing for me. I'm not a big fan on "Bills of Rights" like a Credit Card Bill of Rights. I see that as making it almost too difficult for credit card companies. I don't like a mortgage tax credit, mostly because I don't see where the money's coming from to pay for such a credit. I could argue at length about the lack of a need to increse the minimum wage, especially considering we just increased it. I'd rather see a bracketed minimum wage system whereby those who are minors/dependents are given a different minimum wage than emancipated minors/independents. I don't think a high school kid trying to pay for gas and concert tickets needs to be making 8 bucks an hour, but a single parent working 2 jobs to make ends meet could use that or more. I also think that there has to be better ways to support job creation in the US than to double federal R&D tax credits, such as making it easier to form a small business, lowering their tax rates, or creating a tax credit for the ONLY the first few years a new small business is opened. I'm sure it'd need to be ridiculously well prepared to prevent loopholes (limits on how many an individual can request, restrictions on subdivisions of larger corporations, etc), but you get the general gist.
Basically -- I'm all with him on cutting spending and earmark reform. He's lost me once he talks about other fiscal issues. I'm sure other conservatives could give Obama a real shot and read his platforms too...and would find stuff, like me, that they agree with and have more substansive reasons to disagree with him.