President-elect Obama economic plan aiming to create 2.5 million jobs

In the weekly Democratic radio address, President-elect Obama outlines economic plan aiming to create 2.5 million jobs by January 2011.

WASHINGTON -- President-elect Barack Obama on Saturday outlined his plan to create 2.5 million jobs in coming years to rebuild roads and bridges and modernize schools while developing alternative energy sources and more efficient cars.

"These aren't just steps to pull ourselves out of this immediate crisis; these are the long-term investments in our economic future that have been ignored for far too long," Obama said in the weekly Democratic radio address. The economic recovery plan being developed by his staff aims to create 2.5 million jobs by January 2011, and he wants to get it through Congress quickly and sign it soon after taking office.

He called the plan "big enough to meet the challenges we face" and said that it will jump-start job creation but also "lay the foundation for a strong and growing economy."

Aides said the economic plan outlined Saturday went further that the president-elect has gone before.

A trio of crises -- housing, credit and financial -- have badly damaged the economy, and financial analysts have projected the country's economic hardships will continue through much of 2009.

Obama acknowledged Saturday that evidence is growing the country is "facing an economic crisis of historic proportions." He noted turmoil on Wall Street, a decrease in new home purchases, growing jobless claims and the menacing problem of deflation.

He said he was pleased Congress passed an extension of unemployment benefits this week, but added, "We must do more to put people back to work and get our economy moving again."

Figures out this week showed new claims for jobless aid had reached a 16-year high. "If we don't act swiftly and boldly, most experts now believe that we could lose millions of jobs next year," Obama said.

He cautioned, "There are no quick or easy fixes to this crisis, which has been many years in the making, and it's likely to get worse before it gets better." But Obama said Inauguration Day, Jan. 20, "is our chance to begin anew."

Obama said getting congressional approval for his broad economic plan will not be easy.
"I will need and seek support from Republicans and Democrats, and I'll be welcome to ideas and suggestions from both sides of the aisle," he said. "But what is not negotiable is the need for immediate action."

Across the country, Americans "are lying awake at night wondering if next week's paycheck will cover next month's bills," people are showing up at work to clear out their desks and retirees are watching their life savings disappear, Obama said.

On Thursday, the Labor Department reported that claims for unemployment benefits jumped last week to 542,000. That marked the highest level since July 1992 and provided fresh evidence of a rapidly weakening job market that is expected to get even worse next year.

In this country's darkest hours, the American people have risen above their divisions to solve their problems, he said.

"We have acted boldly, bravely, and above all, together," Obama said. "That is the chance our new beginning now offers us, and that is the challenge we must rise to in the days to come. It is time to act. As the next president of the United States, I will."

January’s 2009 Agenda for Democrats starts with the Elimination of your 401K

Powerful House Democrats in July 2008 were eyeing new proposals to overhaul the nation's $3 trillion 401(k) system, including the elimination of most of the $80 billion in annual tax breaks that 401(k) investors receive. House Education and Labor Committee Chairman George Miller, D-Calif., and Rep. Jim McDermott, D-Wash., chairman of the House Ways and Means Committee's Subcommittee on Income Security and Family Support, are looking at redirecting those tax breaks to a new system of guaranteed retirement accounts to which all workers would be obliged to contribute. Under the plan, all workers would receive a $600 annual inflation-adjusted subsidy from the U.S. government. The employee would be limited to max 5% investment of their pay into a guaranteed retirement account administered by the Social Security Administration. The money in turn would be invested in special government bonds that would offer a lousy 3 percent return a year, adjusted for inflation. The current system of providing tax breaks on 401(k) contributions and earnings would be eliminated. With the majority in the House and Senate in control by the Democrats, this program will be on Priority Fast Track.

Well it appears the democrats are following in the same steps as the cash-strapped Argentina (socialist system )who just did it in the name of protecting workers' retirement accounts.

This plan was originally proposed by Theresa Ghilarducci, professor of economic policy analysis at the New School for Social Research in New York, and presented to Miller and McDermott last july 2008 at a House hearing.

Obama did promised to solve this problem by making "rich people" pay more into Social Security while reducing their benefits, transforming a retirement plan into a wealth transfer plan.

In one move, the hated private market would be deprived of the capital that makes "capitalism" possible, and the government would have the money to fund the massive expansion of government programs, subsidies and tax "cuts" promised by Barack Obama.

Obama’s infomercial with paid Actors ?

Its quite clear our economy is in the tank and Americans are struggling, we didn’t need to see that in his infomercial by paid Actors. What we needed to hear was clear polices that will make the future for all Americans better. Obama didn’t breakdown his policy and truly explain his Tax plan. That’s what I was waiting for, his assertion that taking from the rich and giving it the middle class or poor makes no sense. Right now 45% of all Americans pay no taxes whatsoever, nothing. So the 95% figure Obama uses means nothing, and that part he should of explained. A year ago he stated folks making less then 300k would see a tax cut then it went to 250k then to 200k in his infomercial and Joe Biden the other day stated 150k, what is it, what’s the plan. It sounds like there just shooting from the hip, There is no substance to his plan.

Obama quote: "Here's what I'll do. Cut taxes for every working family making less than $200,000 a year. Give businesses a tax credit for every new employee that they hire right here in the U.S. over the next two years and eliminate tax breaks for companies that ship jobs overseas. Help homeowners who are making a good faith effort to pay their mortgages, by freezing foreclosures for 90 days. And just like after 9-11, we'll provide low-cost loans to help small businesses pay their workers and keep their doors open. "

So how will he cut those taxes for families making less then 200k ? how much of a tax credit is he going to give companies for every new employee ?, and how much will it cost ? tax breaks for companies to keep jobs from going over seas, and how much? freezing foreclosures for 90 days, how do you do this when these people are out of work or they qualified for a Stated Income loan and can’t qualify going Full Doc using paystubs.

Obama only gives talking points with no hard facts or figures on how he is going to accomplish this goal ?.

Obama quote: "That's why my health care plan includes improving information technology, requires coverage for preventive care and pre-existing conditions and lowers health care costs for the typical family by $2,500 a year."

Obama hopes that by spending $50 billion over five years on electronic medical records and by improving access to proven disease management programs, among other steps, consumers will end up saving money. But his plan does not lower premiums by $2,500. his using smoke and mirriors on the voters.

Obama quote: "I also believe every American has a right to affordable health care."

Ok, his statement “I also believe” is not the same meaning as guaranteed health care coverage for all. He mentions children but not adults.

The 5 million spent on this infomercial would have been better spent on giving 10,000 familes currently having a tough time making there house payments a check for $500.00 dollars each. This would have been a better way of him to explain how spreading the wealth works.

Obama's economic plan of raising taxes

Senator Barack Obama has unveiled his economic plan of raising taxes on the successful. His plan would boost the top marginal rate to well over 55 percent—before the inclusion of state and local taxes—resulting in many individuals seeing their marginal tax rate double. The consequences of this policy would be a return to the bad old days of tax avoidance, with taxpayers disguising personal income as business income or capital gains and the migration of capital from the United States to abroad.

Between now and January 1, 2011 (five short years away),
· Tax rates will rise substantially in each tax bracket, some by 450 basis points.
· Low-income taxpayers will see the 10-percent tax bracket disappear, and they will have to pay taxes at the 15-percent rate.
· Married taxpayers will see the marriage penalty return;
· Taxpayers with children will lose 50 percent of their child tax credits;
· Taxes on dividends will increase beginning on January 1, 2009.
· Taxes on capital gains will increase, also beginning on January 1, 2009; and
· Federal death taxes will come back to life in 2011, after fading down to nothing in 2010.

What makes this tax nightmare scenario particularly scary are the economic benefits that will never be realized if the 2001 and 2003 tax cuts disappear. Businesses are watching now to see if Congress will make permanent the first to expire of the major economic growth components of the 2001 and 2003 tax acts—lower taxes on dividends and capital gains. Failing to make permanent the low tax rates on investment would signal to businesses of all sizes that the other major elements of the Bush tax plan will also be allowed to expire. They would adjust their investment and hiring accordingly.

Among the more prominent elements of his tax proposal, Senator Obama would end the Bush tax cuts and allow the top two tax rates to return to 36 and 39.6 percent. He also would allow personal exemptions and deductions to be phased out for those with income over $250,000. The real kicker, though, is that Senator Obama would end the Social Security payroll tax cap for those over $250,000 in earnings. (The cap is currently set at $102,000.) These individuals will then face a tax rate of 15.65 percent from payroll taxes and the top income tax rate of 39.6 percent for a combined top rate of over 56 percent on each additional dollar earned.
High-income individuals will be forced to pay even more if they live in cities or states with high taxes such as New York City, California, or Maryland. These unlucky people would pay over two-thirds of each new dollar in earnings to the federal government.
Only six of the top 30 industrial nations have a tax rate for all levels of government combined that adds up to more than 55 percent. Obama's tax plan would give us a higher top rate than such high-tax nations as Sweden and Denmark. And these sorts of tax rates slow the economy.

Obama made it crystal clear to Joe the Plumber that he plans a massive redistribution of wealth — taking your wealth!

Oh, just so you know, Obama's plan defines 'rich' anyone making over $90,000 a year, because that's when his FICA tax cap comes off and you start paying an addition 7% of tax on each and every dollary you earn above the cap!

And if you are making just $50,000 a year or more — expect to pay another 4.5% on each and every dollar you earn starting in 2010. That's when the Bush tax cuts expire.

'President Obama' has emphatically states he will expire those cuts for "rich" people like you.

There aren't many who long for a return to the 1970s. Those of us old enough to recall that decade tend to think of gas lines, a hostage crisis and Watergate. President Jimmy Carter never used the word "malaise," but he acted as if America was doomed to decline, and it was his job to make sure it went smoothly.

Obama's crazy plan must be stopped. It will not only cost you money, it will throw the U.S. economy into a depression.

Tax Foundation looking at 2004 groups when it comes to paying taxes
http://www.taxfoundation.org/files/sr151.pdf

Obama Tax plan
http://www.taxfoundation.org/publications/show/23319.html.
While the majority of the redistribution is targeted to taxpayers in the middle three quintiles, a surprising large amount—$40 billion—would flow to taxpayers in the 80th to 95th percentile (those earning roughly $93,000 to $192,000 per year). This is largely due to the extension of the AMT patch


A brief overview of the alternative minimum tax (AMT).

The alternative minimum tax (or AMT) is an extra tax some people have to pay on top of the regular income tax. The original idea behind this tax was to prevent people with very high incomes from using special tax benefits to pay little or no tax. The AMT has increased its reach, however, and now applies to some people who don't have very high income or who don't claim lots of special tax benefits. Proposals to repeal or reform the AMT have languished in Congress for years, but effective action does not appear to be on the horizon. Until Congress acts, almost anyone is a potential target for this tax.

The name comes from the way the tax works. The AMT provides an alternative set of rules for calculating your income tax. In theory these rules determine minimum amount of tax that someone with your income should be required to pay. If you're already paying at least that much because of the "regular" income tax, you don't have to pay AMT. But if your regular tax falls below this minimum, you have to make up the difference by paying alternative minimum tax.

Q: How do I know if I have to worry about the AMT?

A: Unfortunately, there's no good answer to this common question — which is one of the big problems with the AMT. You can have AMT liability because of one big item on your tax return, or because of a combination of many small items. Some things that can contribute to AMT liability are mundane items that appear on many tax returns, such as a deduction for state income tax or interest on a second mortgage, or even your personal and dependency exemptions.

Barack Obama explaining how we can get an extra 12 million barrels of oil a day

This quote from Obama is amazing

There are things you can do individually, though, to save energy. Making sure your tires are properly inflated — simple thing. But we could save all the oil that they’re talking about getting off drilling — if everybody was just inflating their tires? And getting regular tune-ups? You’d actually save just as much!

Maybe the Democrats could use a tune-up on energy policy. It looks like they’re still stuck in the 1970s, with tired, worn-out points and bad timing.

Tune-ups? Most cars today don’t require tune-ups for the first 100,000 miles. Some automotive mechanics recommend them every 30,000 miles, but it’s hardly the 5,000-mile requirement it used to be twenty-five years ago.

Tire inflation could improve gas mileage by about 3% The Green River oil shale formation could produce at least 800 billion barrels of oil alone, enough for over 100 years at our current rate of consumption (20 million barrels per day). Would inflating our tires eliminate every single drop of oil we use? Of course not! Nor would it save any significant amount at all.

Taking a Look at the candidates Energy plans from there websites, McCain VS Obama

Written by Anthony Landaeta Jr.

Posted 8/7/08

When listening to the News or Commentators from NBC, CBS, ABC, CNN about the Energy Crisis it appears that Obama's Energy Plan is put forth as the best plan out there.
When I listen to Obama or McCain in there speeches Obama's plan sounds pretty good but there isn't a whole lot of substance of exactly how he would accomplish his goals. So in order to get the facts we must go to there website, and this is what I found out.

First Obama's Plan http://my.barackobama.com/page/content/newenergy_more#relief

Provide Short-term Relief to American Families
· Enact a Windfall Profits Tax to Provide a $1,000 Emergency Energy Rebate to American Families. Obama will enact a windfall profits tax on excessive oil company profits to give American families an immediate $1,000 emergency energy rebate to help families pay rising bills. This relief would be a down payment on Obama’s long-term plan to provide middle-class families with at least $1,000 per year in permanent tax relief. ( This sounds good but how do we stop the Oil companies from passing that tax on to American Families we all know that would happen, so my be this isn't such a good Idea. )
· Crack Down on Excessive Energy Speculation.
Barack Obama will close energy industry market loopholes and increase transparency to prevent traders from unfairly lining their pockets, while driving up oil prices at the expense of the American people. ( It appears this Bill is already in the works by Senators Reid, Durbin, Schumer, Dorgan, and Murray introduced S. 3268, the Stop Excessive Energy Speculation Act of 2008. On July 15, 2008 ) http://dpc.senate.gov/dpc-new.cfm?doc_name=lb-110-2-117

· Swap Oil from the Strategic Petroleum Reserve to Cut Prices.
With oil prices doubling in the past year, Barack Obama believes we have an economic emergency that requires a limited, responsible swap of light oil from the Strategic Petroleum Reserve (SPR) for heavy crude oil to help bring down prices at the pump. (President Jimmy Carter in 1980, Mr. Carter's tax was levied per-barrel, so it directly increased the marginal cost of producing crude -- and made figuring out which barrels to tax ridiculously complicated. President Bill Clinton did such a swap in September 2000 -- yes, just before another presidential election this lowered the price by a couple of cents. President Bush released oil in 2005 after Hurricane Katrina. Both moves led to drops in the spot price of crude but not the sort of relief at the pump. Am not sure this is the answer.)

Eliminate Our Need for Middle Eastern and Venezuelan Oil within 10 Years
· Increase Fuel Economy Standards. Obama will increase fuel economy standards 4 percent per year while providing $4 billion for domestic automakers to retool their manufacturing facilities in America to produce these vehicles. (How much will this cost ?)
· Get 1 Million Plug-In Hybrid Cars on the Road by 2015.
These vehicles can get up to 150 miles per gallon. Barack Obama believes we should work to ensure these cars are built here in America, instead of factories overseas. ( How do we in 6yrs get this done where is the Plan)
· Create a New $7,000 Tax Credit for Purchasing Advanced Vehicles. ( Who Pays for this)
· Establish a National Low Carbon Fuel Standard.
Obama will establish a National Low Carbon Fuel Standard (LCFS) to reduce the carbon in our fuels 10 percent by 2020. Obama will also require 60 billion gallons of advanced biofuels to be phased into our fuel supply by 2030. (Sounds good where is the Plan, and how much will this cost ?)
· A “Use it or Lose It” Approach to Existing Oil and Gas Leases.
Obama will require oil companies to develop the 68 million acres of land (over 40 million of which are offshore) which they have already leased and are not drilling on. ( Agree )
· Promote the Responsible Domestic Production of Oil and Natural Gas.
An Obama administration will establish a process for early identification of any infrastructure obstacles/shortages or possible federal permitting process delays to drilling in the Bakken Shale formation, the Barnett shale formation, and the National Petroleum Reserve-Alaska. ( Not sure I understand)

Create Millions of New Green Jobs
· Ensure 10 percent of Our Electricity Comes from Renewable Sources by 2012, and 25 percent by 2025. ( How is this Done)
· Deploy the Cheapest, Cleanest, Fastest Energy Source -- Energy Efficiency.
Obama will set an aggressive energy efficiency goal -- to reduce electricity demand 15 percent from projected levels by 2020. ( Can we see how we are going to reach this Goal)
· Weatherize One Million Homes Annually.
Obama will make a national commitment to weatherize at least one million low-income homes each year for the next decade, which can reduce energy usage across the economy and help moderate energy prices for all. ( How is this done and what is the cost)
· Develop and Deploy Clean Coal Technology.
Obama’s Department of Energy will enter into public private partnerships to develop five “first-of-a-kind” commercial scale coal-fired plants with clean carbon capture and sequestration technology. ( (what is the cost)

· Prioritize the Construction of the Alaska Natural Gas Pipeline.
As president, Obama will work with the Canadian government, state of Alaska, oil and gas producers, and other stakeholders to facilitate construction of the pipeline. Not only is this pipeline critical to our energy security, it will create thousands of new jobs. ( this has been already in the works please see plans https://uascentral.uas.alaska.edu/onlinelib/Spring-2008/ALST600-JD1/Menge_GasPresentation_May10.pdf )
Reduce our Greenhouse Gas Emissions 80 Percent by 2050
· Implement an economy-wide cap-and-trade program to reduce greenhouse gas emissions 80 percent by 2050. (check the plan by Harverd University weather you agree with them or not they have plan of action http://www.news.harvard.edu/gazette/2008/07.24/pdfs/GHG_TF_finalreport.pdf )
Obama's cap-and-trade policy will require all pollution credits to be auctioned, and proceeds will go to investments in a clean energy future and rebates and other transition relief for families. ( How much will this cost )
· Make the U.S. a Leader on Climate Change.
Obama will re-engage with the U.N. Framework Convention on Climate Change (UNFCC) -- the main international forum dedicated to addressing the climate problem. He will also create a Global Energy Forum of the world’s largest emitters to focus exclusively on global energy and environmental issues. ( nice goal )

I have to tell you Obama's website didn't answer my questions it sounded like speech with not much substance on his plan.

John McCain
http://www.johnmccain.com//Informing/Issues/17671aa4-2fe8-4008-859f-0ef1468e96f4.htm
Our nation's future security and prosperity depends on the next President making the hard choices that will break our nation's strategic dependence on foreign sources of energy and will ensure our economic prosperity by meeting tomorrow's demands for a clean portfolio. John McCain has made the necessary choices - producing more power, pushing technology to help free our transportation sector from its use of foreign oil, cleaning up our air and addressing climate change, and ensuring that Americans have dependable energy sources. John McCain will lead the effort to develop advanced transportation technologies and alternative fuels to promote energy independence and cut off the flow of oil wealth to repressive dictatorships like Iran.
"In recent days I have set before the American people an energy plan, the Lexington Project -- named for the town where Americans asserted their independence once before. And let it begin today with this commitment: In a world of hostile and unstable suppliers of oil, this nation will achieve strategic independence by 2025."
John McCain, June 25, 2008Read the entire speech...




Expanding Domestic Oil And Natural Gas Exploration And Production John McCain Will Commit Our Country To Expanding Domestic Oil Exploration. The current federal moratorium on drilling in the Outer Continental Shelf stands in the way of energy exploration and production. John McCain believes it is time for the federal government to lift these restrictions and to put our own reserves to use. There is no easier or more direct way to prove to the world that we will no longer be subject to the whims of others than to expand our production capabilities. We have trillions of dollars worth of oil and gas reserves in the U.S. at a time we are exporting hundreds of billions of dollars a year overseas to buy energy. This is the largest transfer of wealth in the history of mankind. We should keep more of our dollars here in the U.S., lessen our foreign dependency, increase our domestic supplies, and reduce our trade deficit - 41% of which is due to oil imports. John McCain proposes to cooperate with the states and the Department of Defense in the decisions to develop these resources. John McCain Believes In Promoting And Expanding The Use Of Our Domestic Supplies Of Natural Gas. When people are hurting, and struggling to afford gasoline, food, and other necessities, common sense requires that we draw upon America's own vast reserves of oil and natural gas. Within the United States we have tremendous reserves of natural gas. The Outer Continental Shelf alone contains 77 trillion cubic feet of recoverable natural gas. It is time that we capitalize on these significant resources and build the infrastructure needed to transport this important component of electricity generation and transportation fuel around the country.

Taking Action Now To Break Our Dependency On Foreign Oil By Reforming Our Transportation Sector The Nation Cannot Reduce Its Dependency On Oil Unless We Change How We Power Our Transportation Sector. John McCain's Clean Car Challenge. John McCain will issue a Clean Car Challenge to the automakers of America, in the form of a single and substantial tax credit for the consumer based on the reduction of carbon emissions. He will commit a $5,000 tax credit for each and every customer who buys a zero carbon emission t car, encouraging automakers to be first on the market with these cars in order to capitalize on the consumer incentives. For other vehicles, a graduated tax credit will apply so that the lower the carbon emissions, the higher the tax credit. (Good plan but How much will this cost Americans ? this seems to be a tax increase ? )

John McCain Will Propose A $300 Million Prize To Improve Battery Technology For Full Commercial Development Of Plug-In Hybrid And Fully Electric Automobiles. A $300 million prize should be awarded for the development of a battery package that has the size, capacity, cost and power to leapfrog the commercially available plug-in hybrids or electric cars. That battery should deliver a power source at 30 percent of the current costs. At $300 million, the prize is one dollar for every man, woman and child in this country - and a small price to pay for breaking our dependence on oil. ( Great Plan but here is another Tax Increase )

John McCain Supports Flex-Fuel Vehicles (FFVs) And Believes They Should Play A Greater Role In Our Transportation Sector. In just three years, Brazil went from new cars sales that were about 5 percent FFVs to over 70 percent of new vehicles that were FFVs. American automakers have committed to make 50 percent of their cars FFVs by 2012. John McCain calls on automakers to make a more rapid and complete switch to FFVs. ( Good Idea but Brazil Population is a Quarter of ours in the U.S )

John McCain Believes Alcohol-Based Fuels Hold Great Promise As Both An Alternative To Gasoline And As A Means of Expanding Consumers' Choices. Some choices such as ethanol are on the market right now. The second generation of alcohol-based fuels like cellulosic ethanol, which won't compete with food crops, are showing great potential. Today, Isolationist Tariffs And Wasteful Special Interest Subsidies Are Not Moving Us Toward An Energy Solution. We need to level the playing field and eliminate mandates, subsidies, tariffs and price supports that focus exclusively on corn-based ethanol and prevent the development of market-based solutions which would provide us with better options for our fuel needs. ( Good Idea but will never work)

John McCain Will Effectively Enforce Existing CAFE Standards. John McCain has long supported CAFE standards - the mileage requirements that automobile manufacturers' cars must meet. Some carmakers ignore these standards, pay a small financial penalty, and add it to the price of their cars. John McCain believes that the penalties for not following these standards must be effective enough to compel all carmakers to produce fuel-efficient vehicles. ( Green cars will fix problem)

Investing In Clean, Alternative Sources Of EnergyJohn McCain Believes That The U.S. Must Become A Leader In A New International Green Economy. Green jobs and green technology will be vital to our economic future. There is no reason that the U.S. should not be a leader in developing and deploying these new technologies. (Agree )

John McCain Will Commit $2 Billion Annually To Advancing Clean Coal Technologies. Coal produces the majority of our electricity today. Some believe that marketing viable clean coal technologies could be over 15 years away. John McCain believes that this is too long to wait, and we need to commit significant federal resources to the science, research and development that advance this critical technology. Once commercialized, the U.S. can then export these technologies to countries like China that are committed to using their coal - creating new American jobs and allowing the U.S. to play a greater role in the international green economy. (Agree )

John McCain Will Put His Administration On Track To Construct 45 New Nuclear Power Plants By 2030 With The Ultimate Goal Of Eventually Constructing 100 New Plants. Nuclear power is a proven, zero-emission source of energy, and it is time we recommit to advancing our use of nuclear power. Currently, nuclear power produces 20% of our power, but the U.S. has not started construction on a new nuclear power plant in over 30 years. China, India and Russia have goals of building a combined total of over 100 new plants and we should be able to do the same. It is also critical that the U.S. be able to build the components for these plants and reactors within our country so that we are not dependent on foreign suppliers with long wait times to move forward with our nuclear plans. ( Great plan how much will it cost)

John McCain Will Establish A Permanent Tax Credit Equal To 10 Percent Of Wages Spent On R&D. This reform will simplify the tax code, reward activity in the U.S., and make us more competitive with other countries. A permanent credit will provide an incentive to innovate and remove uncertainty. At a time when our companies need to be more competitive, we need to provide a permanent incentive to innovate, and remove the uncertainty now hanging over businesses as they make R&D investment decisions. ( Nice will never happen)

John McCain Will Encourage The Market For Alternative, Low Carbon Fuels Such As Wind, Hydro And Solar Power. According to the Department of Energy, wind could provide as much as one-fifth of electricity by 2030. The U.S. solar energy industry continued its double-digit annual growth rate in 2006. To develop these and other sources of renewable energy will require that we rationalize the current patchwork of temporary tax credits that provide commercial feasibility. John McCain believes in an even-handed system of tax credits that will remain in place until the market transforms sufficiently to the point where renewable energy no longer merits the taxpayers' dollars. ( Agree)

Protecting Our Environment And Addressing Climate Change: A Sound Energy Strategy Must Include A Solid Environmental Foundation John McCain Proposes A Cap-And-Trade System That Would Set Limits On Greenhouse Gas Emissions While Encouraging The Development Of Low-Cost Compliance Options. A climate cap-and-trade mechanism would set a limit on greenhouse gas emissions and allow entities to buy and sell rights to emit, similar to the successful acid rain trading program of the early 1990s. The key feature of this mechanism is that it allows the market to decide and encourage the lowest-cost compliance options. How Does A Cap-And-Trade System Work? A cap-and-trade system harnesses human ingenuity in the pursuit of alternatives to carbon-based fuels. Market participants are allotted total permits equal to the cap on greenhouse gas emissions. If they can invent, improve, or acquire a way to reduce their emissions, they can sell their extra permits for cash. The profit motive will coordinate the efforts of venture capitalists, corporate planners, entrepreneurs, and environmentalists on the common motive of reducing emissions. Greenhouse Gas Emission Targets And Timetables: 2012: Return Emissions To 2005 Levels

(18 Percent Above 1990 Levels)2020: Return Emissions To 1990 Levels (15 Percent Below 2005 Levels) 2030: 22 Percent Below 1990 Levels (34 Percent Below 2005 Levels) 2050: 60 Percent Below 1990 Levels (66 Percent Below 2005 Levels)The Cap-And-Trade System Would Allow For The Gradual Reduction Of Emissions. The cap-and-trade system would encompass electric power, transportation fuels, commercial business, and industrial business - sectors responsible for just under 90 percent of all emissions. Small businesses would be exempt. Initially, participants would be allowed to either make their own GHG reductions or purchase "offsets" - financial instruments representing a reduction, avoidance, or sequestration of greenhouse gas emissions practiced by other activities, such as agriculture - to cover 100 percent of their required reductions. Offsets would only be available through a program dedicated to ensure that all offset GHG emission reductions are real, measured and verifiable. The fraction of GHG emission reductions permitted via offsets would decline over time.
Promoting Energy Efficiency John McCain Will Make Greening The Federal Government A Priority Of His Administration. The federal government is the largest electricity consumer on earth and occupies 3.3 billion square feet of space worldwide. It provides an enormous opportunity to lead by example. By applying a higher efficiency standard to new buildings leased or purchased or retrofitting existing buildings, we can save taxpayers substantial money in energy costs, and move the construction market in the direction of green technology. John McCain Will Move The United States Toward Electricity Grid And Metering Improvements To Save Energy. John McCain will work to reduce red tape to allow a serious investment to upgrade our national grid to meet the demands of the 21st century - which will include a capacity to charge the electric cars that will one day fill the roads and highways of America. And to save both money and electrical power for our people and businesses, we will also need to deploy SmartMeter technologies. These new meters give customers a more precise picture of their overall energy consumption, and over time will encourage a more cost-efficient use of power.
Addressing Speculative Pricing Of Oil John McCain Believes We Must Understand The Role Speculation Is Playing In Our Soaring Energy Prices. Congress already has investigations underway to examine this kind of wagering in our energy markets, unrelated to any kind of productive commerce, because it can distort the market, drive prices beyond rational limits, and put the investments and pensions of millions of Americans at risk. John McCain believes that where we find abuses, they need to be swiftly punished. To make sure it never happens again, we must reform the laws and regulations governing the oil futures market, so that they are just as clear and effective as the rules applied to stocks, bonds, and other financial instruments. ( Need to see Plan on how we are going to hit Goal.)

John McCain Does Not Support A Windfall Profits Tax. A windfall profits tax on the oil companies will ultimately result in increasing our dependence on foreign oil and hinder investment in domestic exploration. Jimmy Carter put a windfall profits tax in to place with little to no useful results. (Agree )

Both candidates have good plans But Obama needs to give us more info then just Sound Bites Change needs to have a better plan. McCain does very well on explaining his plan but gives no costs to the Taxpayer. That is not giving us the Straight talk. McCain's plan is very well thought out but needs too lay out costs, McCain also needs to deliver his plan better in speeches, his message is not getting out as for Obama we need more info on his Plan, his Execution of that plan, and the costs. We all know what happen in the 1960 election between John F. Kenndy and Richard M. Nixon as well as 1980 with Ronald Reagan and Jimmy carter 1992 George H.W. Bush and William J. Clinton a smooth talking person that loves the camera will always when over the American People, even if the substance of there plan isn't there.