McCain Talks Economy in Cleveland - Page 3 of 4

McCain Talks Economy in Cleveland

kind of risk that brought down the financial system. We will have strict rules of conduct on Wall Street and if they are broken executives will be severely punished. I know — and the smartest people in business and industry agree — that these actions will restore confidence, get stock prices moving up again and increase the value of your hard earned savings and investments.

We also need to build confidence in our workers. Through my middle class tax cuts, I will let you keep much more of what you earn so you can save and invest it. A typical middle-class family of four making $42,000 a year with health insurance will get $4,350 more dollars under my plan than under the Obama plan.

We cannot fix the economy until we fix the housing and mortgage markets and I have a plan for that as well. When I am President, the government will get out of the banking business fast. My highest priority for the $700 billion rescue plan will be to protect the value of your home, which is where most American savings are invested. I have announced a plan to replace bad mortgages for deserving people with more affordable new ones guaranteed by the government. This will stem the tide of foreclosures that are hurting families, shore up banks with troubled loans, and set a floor under the housing market and get home prices stabilized and rising again.

I have said throughout this campaign that the best economic recovery plan is a secure well paying job. This morning we talked a lot about creating jobs. David Farr who runs Emerson Electric has told me how pro-growth tax cuts like those I have proposed will incentivize him and hundreds of businesses that have sent jobs overseas to expand their businesses and hire people right here in America. Lou Anne Reger who founded and runs a steel company in Minnesota and Massey Villareal who employs 160 people in a computer services company in Texas echoed David’s comments and also add that Obama’s health mandate to require companies to provide the equivalent of a Congressman’s insurance plan, or get fined, will force them to cut jobs and would cripple their businesses in the worst economy in generations. Let’s make this very clear because Senator Obama has distorted my health care plan throughout this election. His plan will fine bus inesses and individuals so he can finance his version of government run healthcare. I will give every American a $5,000 health care credit, lower healthcare costs and let you take your insurance with you when you leave a job. That’s the difference.

This election comes down to how you want your hard earned money spent. Do you want to keep it and invest it in your future, or have it taken by the most liberal person to ever run for the Presidency and the Democratic leaders who have been running congress for the past two years — Nancy Pelosi and