Plaguing America

Fellow citizens, today I want you to take notice to a very important issue. The regulation of Corporate America is an issue that must be addressed immediately. The policies of our last, and certainly not our wisest, administration focused on deregulation and cutting taxes for large corporations. Cutting taxes on these companies is effectively subsidizing them. I won’t lie. Subsidizing big names like Wal Mart and ConAgra lowers the prices of their goods. More people can afford their products and thus more can contribute to our growing economy. But how else does it affect the majority of Americans?  These subsidies are what we call socialism, effectively pushing small business and retail out of competition. When my opponent, John McCain, says that he wants to lower taxes, he’s wants to lower the taxes on the rich that run our large corporations. This only increases the burden for the American middle class, because the largest contributors are having their taxes cut. Barack Obama has proposed increasing responsibility for corporate heads that go bankrupt or commit fraud. But he doesn’t go far enough to oppose corporate handouts and tax breaks.

Municipalities allow something called tax increment financing. This practice is redirecting the property tax and sales tax we pay to chain businesses. This tax that we are forced to pay for at the register or for our property becomes designated to develop more chain businesses or corporate development. In some cases, it increases commercial development, but at the cost of development in other zones, mostly small business centers of town. We average American citizens have to suffer by paying for government action to bail out companies that have brought themselves to bankruptcy. So why do my opponents, Barack Obama and John McCain both refuse to confront these issues? Just take a look at the top contributors to the campaigns of both candidates. Among them, you will see familiar names. As of September 29^th of this year, financial institutions like Citigroup, Lehman Brothers, Goldman Sachs, JPMorgan, Chase & co. are top contributors on the lists of both candidates, with Goldman Sachs being the largest for Obama and Merrill Lynch being the largest for McCain. Here I would like to raise a question that neither of my opponents would be inclined to ask. Why did these companies fall into such turmoil while paying for the campaigns of both presidential candidates?

This brings me to my other topic relating to big business regulation. The heads of these big businesses are giving their assets to candidates at all levels. In return, most candidates vote to give these corporations subsidies, tax breaks, and the competitive upper hand. Goldman Sachs for instance has contributed over $730,000 alone to Barack Obama’s campaign. The heads of that company alone now wield more power than the average voter. They wield more power than many of us combined. Don’t you think that this is a profound problem with the fundamentals of our democratic society? This isn’t capitalism. My opponents stand for picking the winners in business and advocating them over others. This is corporate socialism and it decreases the power of the voting individual in America. I think we need to step up and question this: Do we need to limit the involvement of government in business? Or do we need to limit the involvement of business in government?

 

P.S. For all of my advocates out there, please help me in spreading my message. Please donate because I will soon be done in. The massive amounts of money given to my opponents can easily out-campaign me. Hope is not lost however. You can donate to the campaign or do your own individual part by helping to spread my objectives to others.