Guest Column

What’s in Your Wallet?

by Matt Walpole

Have you looked into your wallet lately? If it’s like mine, the lint-to-cash ratio has been trending heavily towards the lint.

The failed domestic and economic policies of the Bush administration have caught up with all but the privileged few, not just the poor. Gas prices have exploded because the Republicans in Washington refused for eight long years to fund solutions to our dependence on foreign oil. John McCain says he is for encouraging alternative forms of energy, but as a senator, John McCain voted against a bill that would increase incentives for energy companies to come up with alternatives to oil. He also refused to support extending tax credits for wind power and solar power investments, credits which are due to expire at the end of this year (just when we need them most).

Health insurance premiums are going up every year, and the price of prescription drugs and doctor visits are increasing, too. In many families, parents go without health care so that their children can see a doctor when they’re sick. John McCain says that he has a plan to make health care affordable for middle-class families, but as a senator he voted against expansion of the State Children’s Health Insurance Program (S-CHIP).

The Bush administration’s plan to expand the economy was to give tax cuts to the richest families, in the expectation that their investments would “float all boats.” But the boats the middle class and poor are on might as well have been named the Titanic. The tax cuts took us from record surpluses to an exploded national debt, average working family incomes declined more than $2,000, and more than five and a half million Americans fell into poverty.

John McCain says he has a plan to create new jobs and reduce the tax burden on the middle class and reduce the national debt, but it seems to consist only of extending tax cuts for the wealthy. John McCain says he is sympathetic to families losing their homes to foreclosure because of predatory loans they had no chance of ever repaying, but he supports a “do nothing” approach, allowing the market to “self-correct.” I guess if you have more homes than you can count, it wouldn’t matter if you lost one or two.

It’s not what candidates say that counts. It’s what they do and how they vote. Like Mama always said, actions speak louder than words.

There is a better way. Barack Obama and the Democratic Party have new, innovative ideas to jump-start our economy. As president, Obama will provide tax relief to the people who really need it, the middle class of America. And he’ll work to establish a foreclosure prevention fund for homebuyers, not real estate speculators, a plan that includes pre-foreclosure counseling and the means to help responsible home owners.

Obama wants to eliminate income taxes for senior citizens who make less than $50,000 a year and restore tax fairness for the rest of us. He also wants to create new jobs by investing in clean and green energy technologies and rebuilding our infrastructure, like our highways, railroads, and public buildings. This is especially important to us North Carolinians, since our state has some of the worst bridges in the nation.

But don’t take my word for it, or even Barack’s words, because actions do speak louder than words. As U.S. Senator, Barack Obama has consistently voted for legislation that is important to the middle class and poor, like S-CHIP and the raising of the minimum wage. He has voted against legislation that would strip millions of dollars from child support and college loan programs and against tax cuts targeted at the rich.

As a state senator in Illinois, Obama helped create programs like the state Earned Income Tax Credit, which in three years provided over $100 million in tax cuts to families across the state and an expansion of early childhood education.

So this year we have a clear choice. We can support the Bush-McCain rhetoric which tries to gloss over policies with a proven history of failure. Or we can take action to strengthen our country by voting for the positive change of the Democratic Party and Barack Obama.

Actions speak louder than words.

Matt Walpole lives and works in Sugar Grove with his wife Marsha and son Chandler. Matt and Marsha try NOT to talk about college basketball during the season, since one bleeds Duke blue, and the other N.C. State red.