Political Discussions

Obama's Economic Policies are Naive?

Posted by globalgirl • 9/20/08 • Subscribe to this Discussion [RSS] • Report This Topic
Topics: mccain, obama, President, rupert murdoch

Rupert Murdoch (News Corp CEO) has recently endorsed John McCain as his choice for the next President of the United States.

Regarding his view of Obama:
"I am very worried," Murdoch said during an interview Friday with Fox Business Network. "I like Sen. Obama very much. I have met him. He is a very intelligent man. But his policy of anti-globalization, protectionism, is going to be -- and card checks -- are going to do two or three things. It's going to give us a lot of inflation. They're going to ruin our relationships with the rest of the world. And they are going to slow down the rest of the world, too. And they're going to make people frightened to add to employment. You are going to find companies leaving this country if it's -- if you put a protectionist wall around it. You're going to get -- his policy is really very, very naive, old-fashioned, 1960s."

Source: www.thrfeed.com/2008/09/murdoch-obamas.html
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Find video of Robert Murdoch on Politics - Sept 19, 2008 (towards the end): www.foxbusiness.com/video/index.html

Find video of Rupert Murdoch on Financial Rescue Plan, Sept 19, 2008: www.foxbusiness.com/video/index.html

Do you agree or disagree with Rupert Murdoch and why or why not?

User Comments

9/20/08

satijournal

Who the !@#$% cares what Rupert Murdoch says.

[reply]
1. 9/20/08
  
  globalgirl
  
  Murdoch has a very, very powerful influence on the global economy and media:
  
  Murdoch likes to place big bets and usually wins....His genius flowed from seeing early that the revenue from then thriving newspapers could be leveraged to expand not only his original business but into other areas as well, most notably in acquiring a movie studio, building a fourth U.S. broadcast television network, driving forward satellite television with Sky, STAR and DirecTV and then boldly buying MySpace. His latest major purchase, Dow Jones, adds the Wall Street Journal to a newspaper collection that already included prestige nameplates in Britain (the Times) and his native Australia (the Australian) as well as the pulpier New York Post and Britain's News of the World and the Sun.
  
  www.time.com/time/specials/2007/article/0,28804,1733748_1733758_1736084,00....
9/20/08

cooper

lol

The same Rupert Murdock who admitted on camera to selling or propagandizing the war on FOX news?

[reply]
9/20/08

opinionstreams

Keep on reaching, GG.
Truth is, McCain's economic policies are rooted in laissez faire fairy tales, a fact even the Bush Administration is finally starting to admit (*achem* $700 billion bailout of the mortgage market).

opinionstreams.com/blog/?p=55

[reply]
9/20/08

satijournal

Obama's economic plans are logical and well thought out. Instead of just cutting taxes and hoping that will stimulate the economy (which it never does), his plan is to be proactive in promoting alternative energy development. To a great extent, the Internet drove the economic boom of the 90s (along with other technological advances). The development of alternative energy technologies could very well drive a new economic boom. The U.S. could once again become a world leader.

Obama's other goals are somewhat idealistic and far reaching. They may come from his days as a community organizer. He wants to get more people involved in rebuilding America. Right wingers hate that kind of thinking.

[reply]
9/20/08

RuinousRight
We already have a discussion going for economics:
www.blogcatalog.com/politics/discuss/entry/obama-v-mccain-economy

I'll add this here for reference here too...

Economists Support Obama Over McCain By More Than 2 to 1
- 95% of working families would get a tax cut from Obama
- 100 million Americans would get NO tax cut from McCain
- Most would get a larger tax cut from Obama
econ4obama.blogspot.com/2008/06/other-list-mccains-economists.html
[reply]
1. 9/20/08
  
  cooper
  
  I came across another rather scary piece while searching for any reason not to be scared. McCain's thoughts on deregulation of the health insurance industry because our deregulation of banking went so well....
  www.contingencies.org/septoct08/mccain.pdf
  
  "Opening up the health insurance market to more vigorous nationwide competition, as we have done over the last decade in banking, would provide more choices of innovative products less burdened by the worst excesses of state-based regulation."