Tag Archives: John McCain
This chart, from WaPo, is a comparison of Barack Obama and John McCain’s tax plans, showing how each plan will affect the amount of taxes people in each income group pay.
For people who prefer colorful images to long descriptions and numbers, let this one quickly lay to rest the assertion that McCain’s tax plan is better for the middle class.
*UPDATE*: Alan Greenspan has already come out against McCain’s tax plan:
“I’m not in favor of financing tax cuts with borrowed money.”
I know.Â It seemed like such a great idea to me too.
How about…these folks?
(L-R: Colin Powell, Madeline Albright, Warren Christopher, James Baker, and Henry Kissinger)
That’s right.Â These five former Secretaries of State, three of whom served under Republicans, all agree with Obama’s stance on Iran – namely, that talks with Iran are necessary aspect of dealing with their nuclear ambitions.
John McCain has said that he would not talk to Iran, and that Obama’s willingness to shows his inexperience.Â Sorry John, but I’d say these five know a little more about the ins and outs of diplomacy than you do.Â (I’ll bet none of them ever sang about bombing Iran, either.)
Welcome to the 21st century.
John McCain is still saying it. At a rally in Jacksonville, Florida today, John McCain said, “Our economy, I think still, the fundamentals of our economy are strong. But these are very difficult times.”
Wow. This quote came AFTER news broke about Lehman Brothers, Merril Lynch, and AIG. Remember that this is not some schmo saying this. A guy running for president is saying it. And he is still running right there with Barack Obama.
Later in the day, John McCain expanded upon his comments.
â€œMy opponents may disagree, but those fundamentals â€“ the American worker, the innovation, the entrepreneurship, the small business â€“ are the fundamentals of America and I think they are strong,â€ Mr. McCain said. â€œBut today, are being threatened today â€“ those fundamentals are being threatened today because of the greed by some based in Wall Street and we have got to fix it.â€
Okay, this made me stop seething for a second. The American worker, innovation, entrepeneurship, and small businesses that we have may be a solid part of our economy. These things may separate us from most countries in the world.
But how do businesses get started? How do people pursue innovative ideas to push our economy forward? The answer is simple. Money. Loans. Credit. In short, the very things that are in jeopardy in our economy. With our financial sector reeling, credit is going to get tighter and tighter, meaning that it will become increasingly difficult for people to get loans to start up businesses or invest in other new and innovative ideas. So, our financial sector’s troubles significantly reduce the potential for innovation and entrepeneurship in the United States. Small businesses are hurt as well. At the end of all this, all we have left is the American worker. The fundamentals of our economy don’t sound so strong now.
I’m going to start us off this morning with a couple news stories that are hits to the McCain campaign. First, we have a story reporting on the fact that Alan Greenspan has called McCain’s tax cuts too expensive. As the Fed Chairman who guided us through the economic expansion of the 90s, I wonder how John McCain will try to wiggle out of this one.
Second, the Wall Street Journal reports that Sarah Palin has requested $453 million in earmarks over the past two years from the federal government for Alaska. At some point, one of her main selling points won’t be that she’ll cut pork barrel spending. At least, I hope it won’t be.
This video is terrifying. We don’t want Obama as president, we need him as president. Otherwise, the entire world must face the dire consequences or war and destruction. Do we want the next Hiroshima and Nagasaki to be in the United States? It’s in our hands. I’m not authorized to add media but here is the link. Please watch it and pass it along.
**If video is not working, here’s a direct link.
On another note, I distinctly remember Jon Stewart singing “Bomb Iran” as a parody to the beach boys song about 2 years ago. It’s not appropriate for a republican politician to make the same jokes as a liberal comedian.Â Perhaps this video was what John McCain planned on using as his war logic.
I would like to bring you a very special Bonus Quote of the Day from our very own University of Michigan College Republicans. Today our dual viewpoints ran in the Michigan Daily… There was a glaring contradiction in the explanation of John McCain’s economic policy – take a look.
Low taxes are essential to creating this pro-growth environment. Thatâ€™s why McCain has pledged to make permanent the tax cuts passed in 2001 and 2003.
McCain has made a career of being a maverick reformer, fighting wasteful spending that costs American taxpayers billions of dollars and breeds record-high deficits and corruption. He broke with his party in 2001 and 2003 to oppose the tax cuts because they would lead to greater deficits.
So which is it? Did he oppose them before he supported them? Where does John McCain stand on the economy?
Tuesdayâ€™s viewpoint by the College Republicans did an excellent job of articulating John McCainâ€™s economic plan. Sadly, even the best of presentations cannot turn John McCainâ€™s economic plan into sound policy.
Possibly the most important aspect of this economic plan is that John McCain is going to cut taxes, and not introduce new ones. The message that lower taxes equates to more economic growth sounds excellent, but unfortunately it is incredibly oversimplified. One of the factors that must be considered is what groups are going to benefit from lower taxes. The tax breaks John McCain supports benefit the rich, people who do not need them. The Bush tax cuts, for example, have been great for rich people, but the middle class has not benefitted from them. Â The middle class is the group that deserves the benefits from our economic policy, not the rich.
It is also asserted that John McCainâ€™s maverick record is proof that John McCain will do what is best for America, no matter what special interests or his party says. Yet, John McCain has voted with President Bush more than 90% of the time! Whereâ€™s the maverick? One of the examples provided by the College Republicans is how he voted against the Bush tax cuts in 2001 and 2003. However, John McCain now supports, as the College Republicans proudly state, making these tax cuts permanent. I believe this deserves repetition. John McCain was against the tax cuts. Now he is for them. In the best case scenario, John McCain was a maverick who flip-flopped to side with President Bush.
America needs a president ready to put our economy on the right track and make the decisions that are best for the American people. John McCain will not be that president.