Sunday, November 2, 2008

Democratic Economic Platform 2008

Now that the Democrats have won the presidency and both houses, it will be easy for Democrats to implement their agenda. However, it'll be very interesting to see if the Democrats can keep all their promises as set forth in the 2008 Democratic Platform. Indeed, the proposed ideas in the Democratic Platform are so grand that only sheer ingenuity and extraordinary endeavors can achieve. Huge government spending will be used to turn around the struggling economy with astronomical national debts.



Energy



  • Issue energy rebates to American families struggling with high gas price.
  • Achieve energy independence and create jobs through developing and deploying new sustainable energy technologies
  • Promote domestic production of clean and renewable energy
  • Pay for new energy development by dedicating a portion of the revenues generated by an economy-wide cap and trade program
  • Vigorously investigate and prosecute market manipulation in oil futures


Business



  • Create an Advanced Manufacturing Fund to turn around the manufacturing sector
  • Provide assistance to automakers and parts companies to encourage retooling of facilities in this country to produce advanced technology vehicles and their key components
  • Stem the loss of manufacturing jobs
  • Support the right to organize unions and strengthen collective bargaining rights of workers. Pass the Employee Free Choice Act.
  • Raise the minimum wage and index it to inflation.
  • Exempt all start-up companies from capital gains taxes and provide them a tax credit for health insurance


health care



  • Provide to all American citizens universal health care that's affordable and comprehensive


retirement savings



  • Automatically enroll every worker in a workplace pension plan that can be carried from job to job. Match savings for working families who need the help.
  • Create automatic workplace pensions. People can add to their pension, or can opt out at any time; the savings account will be easily transferred between jobs; and people can control it themselves if they become self-employed


Infrastructure



  • Replenish the highway trust fund, invest in road and bridge maintenance and fund new, fast-tracked projects to repair schools
  • Start a National Infrastructure Reinvestment Bank that can leverage private investment in infrastructure improvements, and create nearly two million new good jobs.
  • Modernize our power grid
  • A national transportation policy, including high-speed rail and light rail


Technology



  • Build a world-class communications infrastructure
  • Implement a national broadband strategy to ensure every American has access to highspeed broadband
  • Establish a Chief Technology Officer for the nation, to ensure we use technology to enhance the functioning, transparency, and expertise of government


Media



  • Encourage diversity in the ownership of broadcast media, promote the development of new media outlets for expression of diverse viewpoints, and clarify the public interest obligations of broadcasters who occupy the nation’s spectrum


Taxation



  • Increase the Earned Income Tax Credit
  • Shut down the corporate loopholes and tax havens and use the money so that we can
    provide an immediate middle-class tax cut that will offer relief to workers and their families
  • Eliminate federal income taxes for millions of retirees making less than $50,000, because all seniors deserve to live out their lives with dignity and respect
  • Don't raise taxes on people making less than $250,000


Housing



  • Reform bankruptcy laws to restore balance between lender and homeowner rights
  • Crack down on fraudulent brokers and lenders and invest in financial literacy
  • Pass a Homebuyers Bill of Rights to protect homebuyers
  • Ban executive bonuses for bankrupt companies
  • Crack down on predatory lenders and make it easier for low-income families to buy homes


Trade



  • Amend the North American Free Trade Agreement
  • End tax breaks for companies that ship American jobs overseas

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