John McCain: Way Off Base on The Economy

Posted on January 20, 2008

Cross-posted from Right on the Right

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:

[youtube]http://www.youtube.com/watch?v=rhSQ5L_Meqs[/youtube]

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. â€¦ 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?

» Filed Under Elections, News, Politics As Usual, Video

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One Response to “John McCain: Way Off Base on The Economy”

Kerwin on January 20th, 2008 6:20 pm

Economic stimulous is a way for the government to increase our debt to foreign countries in order to push the economic problem off to the next term. It is called throwing money problem but does not actually solve it. Instead it remains to become a continual campaign issue. A recession is caused by bad behavior and throwing money at the problem just encourages that bad behavior to continue. Instead we should tighten our belts and learn good behavior like not buying more than we can afford and paying our bills. Enablers are supposed to be liberal which mean either side who believes economic stimulus we can not pay for is expressing libertine behavior.