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• Mike Huckabee aims at expanding the 'Hope Now' program which is a voluntary alliance between
the government and subprime lenders to helped troubled borrowers.
• He proposes various tax cuts and finally abolishing the income tax with sales tax.
• Build a homeland security fence along the Mexican border to prevent illegal workers from
entering the country.
• Huckabee would increase the usage of wind power and decrease dependence on foreign oil.
• Abolish marriage penalty and death tax and advocate further tax cuts.
• Extend rebate to all purchases made below the poverty line so that the poor are not taxed.
• Increase defense spending by $200 billion.
• Extend expiring tax cuts from Bush's term and make college fees deductible.
• Mike Huckabee proclaimed that he would not support any new taxes but would concentrate on
reducing federal spending.
• Huckabee did say if we enter a new level of war there would be no choice but to raise the
taxes.
• He supports flat tax, globalization and line item veto power believing that the line item
veto power will help to curb spending.
• He supports free trade to rake in more revenue but insists it has to be fair trade.
• In order to decrease spending he said he would get rid of the Inland Revenue Service and
revamp Department of Homeland Security.
• Huckabee advocates reigning in out of control spending to balance the budget
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• Obama aims at a longer plan of laying a strong foundation for future economic growth that
will benefit all Americans. He is working for economic recovery on all fronts.
• He signed the American Recovery and Reinvestment Act within a month after his 2009
inauguration. This is part of a plan to save or create 3.5 million jobs. There is also a proposed
tax cut for 95% of the working class. He also plans on making critical investments in
infrastructure.
• The housing crisis which kick started the financial crisis is being brought under control
by offering refinance at historically low mortgage rates and also to prevent more foreclosures.
• Obama plans to make significant investments in healthcare, energy and education to cut
costs and generate revenue for American businesses and families, creating jobs that cannot be
shipped overseas.
• Obama believes in a bottom up economy and not a top down one. In the former the rules of
government and business are fair and are universally applicable. It leads to an increase in people's
enthusiasm and motivation and Obama believes this is the key to a growing a prosperous economy
constantly striving for the betterment of its products, people and nation.
• Spending $12 billion in Iraq will not help America tide over it's difficulties.
• Obama supports a Credit card Bill of Rights to protect consumers.
• Obama aims at bringing strict control over corporate loopholes and tax havens. He calls for
reducing tax cuts for people who don't need thus saving more than $150 billion.
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• Sarah Palin sought to spur economic growth and thereby increase energy supplies in Alaska
while in office as Governor by supporting drilling in the Alaska Wildlife National refuge.
• She signed a contract with Trans Canada Corp for a natural gas pipeline. She also brought
down the tax burden on the Alaskans paying high gas prices by giving a onetime $1200 rebate and
repealed the state's 8 cents a gallon gasoline tax.
• Palin says that only with discipline can we foster economic growth and suggested billions
of surplus funds to be deposited in state savings.
• She blames predator lenders for coaxing Americans to live beyond their means. In situations
where people could afford to buy a $100,000 dollar house, they were forced to buy one for 300,000.
• In conformation with her plans to save for the future she proposed a $7.1 billion savings
plan. This she planned to invest in education and transportation sector as well as energy.
• Palin is a firm believer in free market capitalization saying that it encourages best and
most competitive projects and ensures a fair democratic process.
• As Alaskan Governor she said she intended to control spending by request and if necessary
by veto.
• Sarah Palin believes Cap and Trade will kill the economy and criticized President Obama's
plans to curb green house gas emissions saying this will only poleax the US economy.
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• Romney said that America is going through extraordinary times and a well crafted stimulus
plan is needed to put people back to work.
• He criticized that the Obama spending bill will only stimulate the government and not the
economy.
• Romney believes that permanent tax cuts should be the centre of the economic stimulus.
• He thinks that any new spending should be limited to projects that are essential and which
would bring an immediate positive impact.
• Romney supported repairing and replacement of military equipment that was destroyed in
Iraq, Kuwait and Afghanistan.
• He believed that sending out rebate checks to citizens and businesses was not a tax cut.
These are actually refunds. He said this method was tried in 2008 and it did nothing to jump start
the economy.
• Once the economy revives he suggested gaining control over the federal budget and also on
over entitlement spending on Social security and Medicare.
• Romney thinks that America needs to prove that it will put a stop to run away spending and
borrowing, only then the dollar will hold good value in the currency market.
• The nation must begin to recover the vast losses in the capital investment pool. The best
way to do this is convince the people that there will be no increases on investment and capital
gains.
• Romney believes only the private sector entrepreneurs can create the millions of jobs that
the country needs.
• Finally the government needs to exercise restraint in the size of the stimulus package, he
proposed a stimulus of $233 billion.
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