Technology Loses Glitter on Campaign Trail
Whether Obama can deliver on these and other campaign promises has been called into question by the staggering cost of the federal rescue of the financial sector. Both he and McCain were pressed during the presidential debates on how they would carry out their agendas without running the federal budget deficit higher.
For his part, McCain sees a far more limited role for government in tech. He says he wants to bring people to Washington that have "adequate experience and understanding of science and technology."
And he talks briefly about the need to put more government services online and having the government enter into partnerships with the private sector to solve problems.
Unlike Obama's plan, McCain's plan relies heavily on tax policies to help the private sector. For instance, he would encourage technological innovation by keeping capital gains taxes low, making the research and tax credit permanent and lowering the corporate tax rate to 25%.He said he would also take steps to protect intellectual property and build a skilled work force by pushing up the number of H1B visas. Both candidates agree on the importance of the Internet and the need for increased access to high-speed Internet services. However, the two differ sharply on the government's role in the growth of the Internet. Obama adamantly supports net neutrality and opposes the move by network providers to control the delivery of content and use of applications. McCain argues the government has no business in engaging in what he called unnecessary regulating. Rather, he says the government should direct its efforts toward protecting consumers against fraudulent marketing practices and keeping harmful content away from children. Both candidates agree more needs to be done to improve education in mathematics and science. Obama says the government needs to recruit more math and science teachers and take steps to increase the number of science and engineering graduates. McCain, on the other hand, says he would fully fund the America Competes Act to tackle the needs in education and training.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV