Wednesday, September 17, 2008

Poor John McCain

Poor John McCain, even his own party is against his stated policy of getting rid of earmarks. It's the one thing that he can claim the title of maverick over, and one that really needs to happen, regardless of who wins in November.

Stopping pork projects, earmarking legislation, and posting budget items online is a good start. But we also need to eliminate lobbying, have term limits for all elected offices, judges included.

Our laws need to have expiration dates, so that every law passed can either be renewed if it's a good one, tweaked so it can be made better, or allowed to die if it's a clinker. The problem here is that every elected representative feels that they have to make laws and now we have an unwieldy and over-burdened system that can't keep up with changing times. Instead of constantly adding we need to begin subtracting and making laws written in simple, plain language, free of ambiguity.

All industries involving investment money need to have oversight. If the futures commodities market were to go back to the way it was previously regulated before Phil Gramm's interference (with John McCain's help), gas at the pump would come down by $1 to $2, and even the price of coffee beans would come down by $3 t0 $4 per pound.

The damage to our markets have been done, we are looking more like a socialistic country by taking over Fannie Mae, Freddie Mac, Lehman Brothers and AIG. If we also take over the oil companies we could guarantee that oil pumped within the US would stay in the US, and not sold on the world market, ripping us off once again. A foolish American public and their money...

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