...John McCain and Bush's disastrous economy.

bush

(Fri, 07 Mar 2008 10:46:18 -0500) --- “The issue of economics is not something I’ve understood as well as I
should,” he says. “I’ve got Greenspan’s book.”

John McCain

From The Sun Herald, 3/7/08:

www.sunherald.com

By Democratic National Committee

John McCain likes to call himself "fiscally responsible" on the
campaign trail, but in reality he is offering four more years of
President Bush's same fiscally reckless policies.

Just this week, McCain said he supports privatizing Social Security, a
costly plan the American people have already rejected.

McCain told the Wall Street Journal that he is "totally in favor of
personal savings accounts."

Not only did McCain support the President's plan, he actually hit the
road and campaigned with President Bush in support of it, even though
a majority of the American people opposed it.

What McCain failed to mention was that the plan would have required
the government to borrow "$2 trillion over the next decade or two" and
would have put the economic security of millions of Americans --
including 790,000 seniors in his home state of Arizona -- at risk.

McCain has already pledged to make the Bush tax cuts for the wealthy
permanent and keep our troops in Iraq for a hundred years,
propositions that would cost an additional $6 trillion dollars.
[New York Times, 1/2/05; Wall Street Journal, 3/3/08; AP-Ipsos Poll,
2/28/05; New York Times editorial, 9/23/04; US Census Bureau State and
County Quickfacts, 1/2/08; Senate Budget Committee Fact Sheet,
1/24/08]

Still no word from McCain on how he'd pay for it all.

Maybe that is how you say "fiscal irresponsibility" in straight-talk?

2008:

McCain "Totally In Favor" of Bush Social Security Plan.

"I'm totally in favor of personal savings accounts and I think they
are an important opportunity for young workers. I campaigned in
support of President Bush's proposal and I campaigned with him, and I
did town hall meetings with him." [Wall Street Journal, 3/3/08]

2005:

McCain Campaigned for Bush Social Security Plan.

"McCain has been especially supportive of his onetime rival, appearing
with Bush at three events over the past two days in trying to prod
Democrats into negotiations to include private accounts in a plan to
revamp Social Security." [Washington Post, 3/23/05]

Cost of "Four More Years" Placed At $6.3 TRILLION.

The CBO "January Budget and Economic Outlook" showed continued
deterioration in the budget outlook with the projected 2008 deficit
growing to $219 billion.

But as bad as the budget situation has become under the current
Republican Administration, continuation of the Republican policies by
any of the Republicans on stage tonight will only make things worse.

The majority staff of the Senate Budget Committee estimates that
funding Republican priorities like making the Bush tax cuts permanent
and funding ongoing -- and perhaps permanent -- operations in Iraq
will add $6.3 trillion to the CBO's already dismal ten-year
predictions.
[

budget.senate.gov

AP-Ipsos Poll:

More Than Half of Americans Oppose Bush on Privatization.

"More than half of Americans, 55 percent, say they oppose the
president's plan to create private accounts, while 39 percent say they
support it, according to the poll conducted for AP by Ipsos-Public
Affairs." [AP, 2/28/05]

After casting himself as a "Maverick" in 2000, the new John McCain is
walking in lockstep with President Bush, pandering to the right wing
of the Republican Party, and embracing the ideology he once denounced.
On the campaign trail McCain has callously abandoned many of his
previously held positions, even contradicted himself, in a blatant
attempt to remake himself into a candidate Republicans can accept in
2008.

So just who is the real John McCain?

________________________________________________

“The issue of economics is not something I’ve understood as well as I
should,” he says. “I’ve got Greenspan’s book.”

John McCain

Harry

Harry Hope (rivrvu@ix.netcom.com).

Give article a thumb up.