Thursday, September 25, 2008

Economic McCainism's - Or How I Learned To Add and Subtract The Truth

Seeing is Believing

A random selection of McCain quotes on the economy over the last several months:

“The issue of economics is something that I’ve really never understood as well as I should.”
Boston Globe, 12/18/07

>“I’ve got Greenspan’s book.”

January, 2008

“The fact is we have some tough times ahead. We will get through this rough patch.”

"The best course of action is to let the Fed handle it.”

January, 2008

“I don’t believe we’re headed into a recession. I believe the fundamentals of this economy are strong, and I believe they will remain strong.”

GOP Debate, Myrtle Beach, FNC, 1/10/08

“Even if the economy is the, quote, No. 1 issue, the real issue will remain America’s security. And if they choose to say, ‘Look, I do not need this guy because he’s not as good on home loan mortgages or whatever it is, I understand about that, I will accept that verdict. I am running because of the transcendental challenge of the 21st century, which is radical Islamic extremism.”

The New York Times, 1/28/08

Since President Bush took office, “I think if you look at the overall record and millions of jobs have been created… you can make an argument that there’s been great progress economically over that period of time.”

Money & Politics,” Bloomberg, 4/17/08

“The fundamentals of our economy are strong.”

September 15, 2008

"I cannot carry on a campaign as though this dangerous situation had not occurred, or as though a solution were at hand, which it clearly is not. With so much on the line, for America and the world, the debate that matters most right now is taking place in the United States Capitol. I intend to join it."

September 24, 2008


McCain’s Economic Plan Helps Corporations, not Working Families. “McCain offered sweeping rhetoric about the economic plight of working-class Americans…even as he spelled out a tax and spending agenda whose benefits are aimed squarely at spurring corporate growth.” (The Washington Post, 4/16/08)

McCain Offers Massive Tax Cuts for Corporations and the Wealthy. McCain’s plan offers two massive tax cuts for corporations, slashing tax rates from 35 percent to 25 percent, with 58 percent of the benefits going to the top 1 percent of taxpayers. This is an even larger tax rate cut for the wealthiest taxpayers than Bush gave them. (Reuters, 3/10/08; “Five Easy Pieces and Two Trillion Dollars,” Center for American Progress Action Fund, 3/21/08)

But He Wants to Tax Our Health Benefits. McCain would make employer-paid health premiums part of taxable income, creating a new tax on working families. He would drive insurance costs up further by promoting high-deductible health savings account plans. ( Forum, 10/31/07; Kaiser/HRET Employer Health Benefits 2007 Annual Survey; Center on Budget and Policy Priorities, 9/20/06, 4/5/06)

McCain’s Tax Cuts Would Cut Social Programs Working Families Need. “McCain cannot pay for his tax cuts without massive reductions in Social Security, Medicare or other key programs that benefit the vast majority of Americans.” (“Five Easy Pieces and Two Trillion Dollars,” Center for American Progress Action Fund, 3/21/08)

McCain Skipped Vote on Economic Stimulus Package Despite Being in Washington. McCain missed a key vote on economic stimulus legislation to provide rebates to taxpayers—even though he was in Washington, D.C., at the time. “McCain returned to Washington but made an eleventh-hour decision to skip the vote, aides to his campaign said.” (H.R. 5140, Vote #8, 2/6/08; Associated Press, 2/6/08)

McCain Says He Wants Tough Lender Standards—But Votes Against Them. McCain has called for strict standards and greater transparency for lenders and for cracking down on predatory lenders. But he voted against a measure to discourage predatory lending practices and failed to vote on a bill that would overhaul the mortgage lending practices of the Federal Housing Administration. (McCain’s Remarks on Economic Woes, 3/25/08; St. Petersburg Times, 1/24/08; S. 256, Vote #22, 3/3/05; S. 2338, Vote #432, 12/14/07)

Quite a bit different tune he's singing today, isn't it?

Consistancy, thy name is McCain, Palin, GOP, Republican Democrat.

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