John McCain: Way Off Base on The Economy
Justin Higgins — Sun, 2008-01-20 17:54
Cutting spending is Conservative, and fantastic. Spending cuts however, are not a form of economic stimulus, and John McCain has no plan for fighting an impending recession. He voted against the Bush tax cuts, and now he's proposing extending them but has no plans for a tax-cutting stimulus package of his own. Here's some video from 'Beltway Boys' and 'This Week' that says a lot:
There are two huge ways to fight recession. The first is to cut taxes, or give tax rebates, to pump money back into the economy so businesses can expand and consumers can do what they do best, buy things. The second, and less Conservative, is to increase government spending to pump money back into the private sector. Decreasing spending has no real effect on the economy. Kondracke:
FOX NEWS' MORT KONDRACKE: "The exit polls indicate that by far the biggest issue was the economy. And finally John McCain got around to talking about it. Although I gotta say, this doesn't strike me as the way to address it. … You don't stimulate the economy by stopping the out-of-control spending." (Fox News' "Fox News Live,"1/19/08)
I agree with you John, we need to cut spending, but please, show us your economic stimulus plan. This is the same man who once said "economics is not something I've understood as well as I've should." With the economy becoming the big issue of 2008, do we really want McCain as our nominee?
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Business will save us~!
looneyontheleft — Sun, 2008-01-20 21:52Aren't corporate taxes a shell of what they were, say 40-60 years ago (oddly, back when the economy expanded at unprecedented rates)?
And isn't the big deal with this Bush rebate plan is that it is a giveaway to normal citizens? Which kind of shoots the trickle-down, supply-side theory in the foot. I mean, taxes have been cut for the 250,000+ folks for 8 years, and now the big hope for the economy is to put cash in the pockets of normal (under 100,000 a year earners)people? Seems like the other way might not work as well as we've been hearing since 1980...
Of course, that 800 bucks per adult might not even cover the average mortgage payment...
McCain bashes Pharma
cao — Sun, 2008-01-20 19:01McCain to Pharmaceutical Innovators: Drop Dead
John McCain bashes Pharma
The Real McCain Record
Mark Levin: "As chairman of the Senate Committee on Commerce, Science and Transportation, McCain was consistently hostile to American enterprise, from media and pharmaceutical companies to technology and energy companies."
Here's one of his bright ideas...
cao — Sun, 2008-01-20 18:54Let's buy pharmaceuticals from non-American companies that have no oversight - like red China. Let's not mention that America's system has protections like patents and R&D that improve medications...
Let's get them for the cheapest cost - and the most dangerous for Americans.