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• Sarah Palin, Vice Presidential Candidate for US elections
2008, has left behind a history of tax cuts thereby accelerating
economic growth during her term as Governor of Alaska. She made
history by bringing forth second largest cuts in the construction
budget of the State.
• Sarah Palin opposes President Obama's long term cuts in
Carbon emissions saying that it would result in job losses and
higher energy costs thus showing her disapproval of the 'cap and
tax' bill.
• She is against setting up of an Independent Medicare Advisory
Counsel for containing Medicare Costs. She says it will not bring
in reduction in deficit as the Democrats plan to achieve. Instead
she advocates a market oriented, patient centered and
result-driven approach.
• She calls for increasing government oversight of investment
banks also advocating elimination of federal earmarks and
wasteful governmental spending.
• She opposed Obama's proposal to introduce a windfall profit
tax on oil companies but supports further utilization of natural
gas.
• She advocates increased funding for education and supports
Senior Benefits Programs for low income older people as she did
in Alaska.
• She approves additional tax cuts for businessmen which would
rake in more revenue and thus increase more job opportunities.
• Praised Bush $700B bailout; opposed Obama's $787B.
• While in office as Governor Sarah Palin made a $7 billion
savings plan for education and transportation.
• She criticizes President Obama's spending policies to revive
the economy saying that American already having a debt of more
than $11 trillion and borrowing more would only lead to
socialism.
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• As the country squirms through recession, President Obama's
budget plans to reduce the decades of economic inequality that
prevails in the United States. By bringing in a progressive tax
code which would involve raising the tax rates for the high
income category proportionately and increasing the tax cuts and
credits of the middle and low income stratum.
• An overhaul of Health care thereby bringing down private
health costs is in the agenda. He signed the American Recovery
and Reinvestment Act aimed at creating 3.5 million new jobs,
making important infrastructural investments and giving tax
reliefs to 95% of working class Americans.
• The President aims for a long term plan for the country
concerning clean and renewable energy. By developing alternative
sources of power like solar, bio fuels, thermal power etc he
plans to lessen imports of foreign oil thus reducing existing
deficits.
• By focusing on energy efficiency and conservation, and
curbing emissions the country would curb deadly pollution thereby
playing an active role in climate change issues.
• Obama recognizes the role of children and youth in shaping
the quality of America's future demography and thereby supports
reforms like 'No Child Left Behind' and improving education in
general right from the kindergarten level, giving essential
training and skills to teachers and rewarding them for their good
work etc.
• He aims to make college education accessible to all who are
competent by expanding Pell Grants and initiating new tax
credits.
• Obama chooses to cut down on war costs in Iraq and
Afghanistan and proposes to keep aside $250 billion to bail out
the US financial industry besides the $700 billion already set
aside.
• Before his election, Obama said that he would require
disclosure of all congressional pet projects and force lawmakers
pay for any new spending or tax breaks through new revenue and
cuts in other programs.
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