A New Direction by Sen. John McCain

"After months of campaign trail eloquence, we've finally learned what Sen. Barack Obama's economic goal is. As he told Samuel J. 'Joe the Plumber' Wurzelbacher in Ohio, he wants to 'spread the wealth around.' Given the chance to retract his statement on network news, he affirmed it. He believes in redistributing wealth, not in policies that grow our economy and create jobs. I am going to create wealth for all Americans by creating opportunity for all Americans." -- Sen. John McCain

"A New Direction"
By Sen. John McCain
Rocky Mountain News
October 31, 2008

We have just a few short days until the election. It's been a long campaign and we've heard a lot of words. I know you're worried. America is a great country, but we are at a moment of national crisis that will determine our future. Will we continue to lead the world's economies or will we be overtaken? Will the world become safer or more dangerous? Will our military remain the strongest in the world? Will our children and grandchildren's future be brighter than ours?

My answer to you is yes. Yes, we will lead. Yes, we will prosper. Yes, we will be safer. Yes, we will pass on to our children a stronger, better country. But we must be prepared to act swiftly, boldly, with courage and wisdom.

After months of campaign trail eloquence, we've finally learned what Sen. Barack Obama's economic goal is. As he told Samuel J. "Joe the Plumber" Wurzelbacher in Ohio, he wants to "spread the wealth around." Given the chance to retract his statement on network news, he affirmed it. He believes in redistributing wealth, not in policies that grow our economy and create jobs. I am going to create wealth for all Americans by creating opportunity for all Americans.

Senator Obama may say he's only going to go after "the rich," but it's the middle class who are going to bear the brunt. To pay for nearly a trillion dollars in new government spending, his tax increase would impact 50 percent of small-business income in this country, and the jobs of 16 million middle-class Americans who work for those small businesses.

The McCain-Palin tax cut is the real thing. We will hold the line on taxes and cut them to make America more competitive and create jobs here at home. We're going to double the child deduction for working families. We will cut the capital gains tax. And we will cut business taxes to help create jobs, and keep American businesses in America. Raising taxes makes a bad economy much worse. Keeping taxes low creates jobs, keeps money in your hands and strengthens our economy.

In this country, we believe in spreading opportunity, for those who need jobs and those who create them. And that is exactly what I intend to do as president of the United States.

I announced a plan to protect the value of your home and get it rising again by buying up bad mortgages and refinancing them so if your neighbor defaults he doesn't bring down the value of your house with him. This will help stem the tide of foreclosures that are hurting families, and it will put a floor under the broken housing market that was at the root of the financial crisis.

I will freeze government spending on all but the most important programs like defense, veterans care, Social Security and health care until we scrub every single government program and get rid of the ones that aren't working for the American people. And I will veto every single pork-barrel bill Congress passes.

My administration will stop spending $700 billion to buy oil from countries that don't like us very much. Sen. Obama will argue to delay drilling for more oil and gas and against building new nuclear power plants in America. As president, we will start new drilling now. We will invest in all energy alternatives - nuclear, wind, solar and tide. We will encourage the manufacture of hybrid, flex-fuel and electric automobiles. We will invest in clean-coal technology. We will lower the cost of energy within months, and we will create millions of new jobs.

What America needs now is a fighter. We cannot spend the next four years as we have spent much of the last eight - hoping for our luck to change at home and abroad. We have to act. We need a new direction, and we have to fight for it.

I've been fighting for this country since I was 17 years old, and I have the scars to prove it. I will fight to shake up Washington and take America in a new direction from my first day in office until my last. I'm not afraid of the fight, I'm ready for it and I'm asking you to stand and fight with me on Nov. 4.

John McCain is the Republican candidate for president of the United States.

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