Political Jackass

You are browsing the archives of economy.

Not only does McCain want to give huge tax breaks to the richest people and companies and tax your health insurance, now he wants the American people to pick up the tab on his new mortgage plan. As details emerge, we see just how bad his plan is for the American tax payer. [...]

Just a quick thought. I really can’t believe the bill that the Bush administration is pushing Congress to pass is 3 pages in length. Doesn’t that seem, I don’t know, a little short when they are requesting $700 billion for a bailout? Shouldn’t there be a lot more to it? Shouldn’t [...]

This has got to be one of the best speeches I’ve heard on a bill. Sadly, not many people will see it and it will probably have little influence on the outcome. Bravo to Marcy Kaptur though.

McCain is running ads linking Obama to heads of Fannie Mae and Freddie Mac, as if Obama is the cause for this. He’s not. McCain’s chief economic adviser, Phil Gramm, was a major player in the deregulation of Wall Street and now it’s come out that McCain’s campaign manager has recieved nearly $2 [...]

John McCain on 60 Minutes, 9/21/08. Scott Pelley: In 1999, you were one of the senators who helped pass deregulation of Wall Street. Do you regret that now? John McCain: No, I think the deregulation was probably helpful to the growth of our economy. This is the guy that says he’s going to bring change [...]

Barack Obama has come out with an extended ad that is dedicated to the economy. The two minute long ad outlines the major points of his economic plan. What’s interesting to note is that this isn’t like any other ad. There are no fancy graphics, quotes, and photo op shots. It’s [...]

In 1999 Phil Gramm, McCain’s economic adviser, started legislation that would deregulate America. The theory would be that without regulation, the free-market would take over and everyone would be happy. The sad reality is, with deregulation, we’ve seen greed, corporate bailouts, and loss of jobs at the expense of the American taxpayer. [...]

McCain is extremely out of touch. While he’s preaching that the economy is strong Alan Greenspan is saying it’s the worse he’s seen in his career.