Who better to answer the nation's housing market woes than a guy whose family securely owns seven houses?
I’m confused about what the latest attack ad approved by Barack Obama is saying.
It starts by implying that McCain’s faith in the economic fundamentals that made the US what it is today is misplaced. For example: the fundamental that if you spend/invest $200,000 on a $400,000 home you will likely make out like a bandit, but if you spend/invest $400,000 on a $200,000 home, you will likely lose your shirt.
You can appreciate the economic fundamentals without appreciating the current economic state, because the fundamentals are sound. In fact, it is a lack of appreciation and understanding of those sound economic fundamentals that has gotten many in their current situation.
The economic marketplace is no picnic, and for years people hoping to get rich quick have been having their butts handed to them by a market that does not share the Democratic Party’s bias for the less economically fortunate or intellectually diligent. How the failure of many Americans to perform even a basic risk/benefit analysis amounts to a federal fiscal responsibility is well beyond my comprehension.
The attack ad went on to portray McCain’s response to a question ultimately about Cindy McCain's, his wife, portfolio as evidence that he is so wealthy he can’t even recall how wealthy he is. I’m not sure how McCain’s inability to answer questions about his wife’s economic ventures is proof that he cannot relate to the needs of Americans.
If you ask most non-wealthy Americans how much money is in their savings account, they couldn’t tell you; imagine if you asked how much was in their spouse’s account. Most people have to check their pockets before they can tell you accurately how much money they have on their person, so there’s no way they’ll be able to tell you how much money their spouse is carrying.
You don’t need to know how many jellybeans are in that jar at the carnival, how Barack Obama could be a friend and parishioner of Jeremiah Wright for nearly twenty years without ever tasting the Kool-Aid, or how much money your spouse may be carrying in order to know that if Americans spend more money than they have (even if they spend it on those they deem less fortunate...versus dreams of getting rich quick flipping real estate), they will ultimately go bankrupt.
It seems to me that the Obama campaign’s latest derisive and divisive attack ad demonstrates clearly that Obama does not understand the fundamentals of economics in America, and one obvious reason is likely his inability to relate to real people’s real situations; real people like me.
Americans need to answer one simple question when it comes to the nation’s money: do you want someone who knows economics (Republicans) or someone that simply purports to “know your pain” (Democrats) making the economic decisions? Just because a person has had a heart attack does not qualify them to perform open heart surgery; leave that to the surgeon who has likely taken better care of his body using the same knowledge that he’ll use to operate on others.
Republicans and Democrats alike are filthy rich. Are Republicans being truthful when they say they know economics? You better believe it. Are Democrats being truthful when they say they “know your pain?” Not even a little.
I’m me, and I approved this message.
Thursday, August 21, 2008
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