Thursday, April 03, 2008

Interesting Article...

McCain Snared in Bush Trap. McCain has stated more than once in the past that he is NOT well versed in the economy and economics. He has tried to deny saying that or meaning that, but at this point, it's hard to deny something you've said more than once, kind of like Hillary "misspeaking" about her alleged (and quite false) experience in Bosnia.

And while he's tried to deny those statements, he quite clearly shows his lack of understanding by proposing more of the same of Bushonomics and Reaganomics:

When they were read back to him in a Jan. 24 candidate debate, he said he didn't know where those quotes came from. "I'm very well versed in economics," he said. "I was there at the Reagan revolution." That would be Reaganomics - cuts in domestic spending and taxes, and reduced federal regulation of the economy. Those are still the basics of McCain's economic plan, although he strayed in 2001 to vote against the George W. Bush tax cuts because he thought they were tilted too much to upper income Americans. He now supports making those tax cuts permanent.

That doesn't add up to a clearly defined program to deal with an economy slipping toward recession. But as McCain said in his own disavowed candor, economics is not his specialty
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We've all seen the results of Republican economics. They just don't work for anyone except the rich and powerful. Reaganomics led to recession, and Bushonomics have us practically in a DEPRESSION (though the Fed and the White House refuse to face reality, acknowledge this, and do something about it). Is this what this country needs for yet ANOTHER four to eight years?

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