McCain considering new economic plan

[Xipe Totec]

Source: Reuters

WASHINGTON (Reuters) - Republican presidential candidate John McCain is considering rolling out a new comprehensive economic package to tackle the U.S. financial crisis, one of his closest supporters said on Sunday.

"I think it goes along the lines that now is the time to lower tax rates for investors, capital gains tax, dividend tax rates, to make sure that we can get the economy jump-started," said Republican Sen. Lindsey Graham of South Carolina.

McCain, 72, who was in the Washington area and off the campaign trail on Sunday, prepared for his debate on Wednesday against Democratic rival Barack Obama.

That debate at Hofstra University in Hempstead, New York, will be the last of three face-offs between the two candidates before the November 4 election and will give McCain one more chance to reverse his recent slide in the polls.



Read more: http://news.yahoo.com/s/nm/20081012/pl_nm/us_usa_politics_80

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Yet another brain fart from Johnny come lately...

:eyes:

[qanda]

1. How does that differ from his current plan?

Tax cuts and more tax cuts for everyone but the people who need the most help.

[Xipe Totec]

3. New media coverage?

:shrug:

[Warpy]

7. Yeah, that's about it

Notice that the old man and his party are consistent, thinking the economy is driven from the top down and completely ignoring the demand side of the equation.

It's why they always fuck it up. Always. No exceptions.

Keep them OUT.

[bulloney]

26. LOL. Yeah, that's it. It's a rehash of what Repubs have been touting for over 30 years.

I hope people realize that real economic growth does not trickle down. It percolates up.

Give the wealthy more money via tax cuts doesn't generate much. The wealthy already have all the disposable income they want to buy homes, cars, nice vacations, etc. Put more money in the pockets of the middle class, and they'll buy the consumer items that create jobs and stimulates the economy. And the wealthy benefit, too.

But the media gerbils are millionaires and only look at their own interests.

[BR_Parkway]

6. Was just about to say - sounds like every Repub talking point since

St Ronnie

[NC_Nurse]

2. Lower capital gains rates - remember this from the house Repub bailout plan?

Great. Then evryone dumps their stocks and runs. Brilliant. And how does this help anyone who doesn't have gains or dividends - oh right, it DOESN"T.

[KewlKat]

4. How many economic plans is he now considering?

Anyone know? He's playing craps with our economy............

[glowing]

5. Yes, lets give even more tax breaks for the wealthy, continue losing jobs,

and more people will be enticed to play on the market? When are these idiots going to realize that NOT paying taxes when we are spending vast sums of money to save the very idiots who got this mess started, is NOT going to get the economy started? When are these people going to learn to share, or is the idea to reduce us all back to real slavery, depending on our masters for survival?

[Rosa Luxemburg]

8. how many plans is McErratic going to make?

[BootinUp]

9. Well they are not down to zero yet, cut em some more!

Holy crap, help us if this fool should win.

[liberalmuse]

10. Oh FUCK YOU, McCain.

Just go away! I'm so sick of this fucknut.

[quiet.american]

11. I might have put it less colorfully, but I second that emotion! nt

[dgibby]

12. Jeezus,

That old coot changes his mind faster than Cindy can change his depends!

[Kalifornia.Kid]

13. Hey Rocky, Watch Me Pull a Rabbit Out of My Ass ...

Nothing up my sleve...presto.
Opps, wrong ass.

[liberal N proud]

14. He just does not get it, Trickle down economics has failed on epic proportions

All people like this can think about is their rich buddies.

[morillon]

15. Bwahaha!

Lowering dividend tax rates on dividends that nobody's going to get? Nice going, genius. These guys only have one answer to every problem, a hammer when a screw driver is needed. I am buying a bottle of Dom Perignon the day these fucks lose and lose big.

[Betsy Ross]

16. Fuck John McCain.

I hope to clean up my language after the election. I just keep yelling FUCK YOU when I see McCain/Palin and their minions on TV.

Of course this is just more Reaganomics, trickle down crap.

We need infrastructure, new energy sources, more efficient automobiles, and so many other things that will create JOBS FOR AMERICANS, GREEN JOBS. FUCK tax breaks for the wealthy and corporations.

Where are the capital gains coming from? Certainly not from selling off stocks that have tanked.

[Gap Spanner]

17. More 'Trickle Down?'

Okay, when are they going to learn that the rich people who get tax breaks DO NOT pass them along to the middle class? Giving more and more breaks to the wealthy accomplishes only one thing - making them richer. It will not help the economy. The continuous flow of money is what keeps the economy going - from manufacturers to suppliers, from consumers to retailers - it all flows around like blood through your veins. You stop it anywhere and the body dies. If you cut the middle class out, if we just stop spending money, what happens to the economy?

When WalMart opens in a town and no one spends money in downtown anymore, downtown dies. If the government cuts off the middle class dollars by making it impossible for us to afford to spend any, what happens to the economy? Auto dealerships are closing - sales are flat. Stores are going out of business - fewer people are spending money beyond the necessities.

Get a clue Repukes.

[meow2u3]

37. Trickle-down economics summed up

The superrich get a golden parachute; the rest of us get a golden shower!

[Politicalboi]

18. We need a trickle down

Icon. With one pissing on the others head.

[Xipe Totec]

24. You're on to something there...

you should PM the mods, 'cause that's not a bad idea.

:hi:

[Johnboi70]

19. Nothing like closing the barn door after the horses have returned home out of boredom! nt

[Xipe Totec]

22. *snark*!

I couldn't have put it down better myself...

:rofl:

[Skittles]

20. LOL

I read "closeted supporters" instead of "closest supporters". :rofl:

[Xipe Totec]

21. I would hide too, If I was a supporter of McCanus

[CADEMOCRAT7]

23. Again ? How many messages have we now heard from him ?

This is the most disorganized campaign I have ever seen. They just can not stay on message. How he has run his campaign speaks volumes to how he would run the White House. How scary is that !

[Xipe Totec]

25. They're on to us, PANIC!

Palin! Hit the RED BUTTON!

:nuke:

[Cresent City Kid]

27. Lame as it ever was

Now it seems like the next debate will be a referendum on trickle-down. Let's review.

1981-1993: repunklicans will argue there was growth in the economy, but it left the bottom 20% behind, the middle held steady, and the top 10% ran off with the profits and trickled next to nothing downward.

1993-2001: Reaganomics not totally dismantled, but targeted tax hikes help fuel a recovery that included more of the middle class and let some escape poverty. By the way the rich did OK.

2001-2008: Trickle-down restored to all its glory, but couldn't even pull off the phony rich-only growth of the Reagan years. They couldn't even hold off the meltdown until after the election, idicative of the control they have over the situation.

Summary: TRICKLE-DOWN BLOWS!

[Roland99]

28. CUT TAXES! CUT TAXES! CUT TAXES!

the answer to EVERYTHING.


:eyes:

[NM Independent]

29. McCain considering new economic plan...

because word is finally starting to spread about Credit Default swaps, and how that market became so big and scary. When they find out the guy that wrote McTwiches plan had a lot to do with it (Foreclosure Phil Graham).

Chickens meet Roost. Roost, chickens.

[Cresent City Kid]

34. nice

Chickens meet Roost. Roost, chickens.

Poetic justice since they let the foxes guard the henhouse.

[Frumious B]

30. Dare I say it? Lipstick on a pig.

If there was ever a "new economic plan" for which that phrase was designed this is the one.

[bobd0]

31. Just give McCain a day or two and he'll be condisering another "new" economic plan.

Erratic. Unstable. Just plain stupid.

[Xipe Totec]

33. He better hurry,

Last debate is Wednesday?

[roamer65]

32. More fucking voo-doo Reaganomics.

Fuck this stupid bastard, I hate him as much as I hate *.

[obiwan]

35. What- again?

[meow2u3]

36. McLame's economic plan: B.S, M.S, and Ph.D.

which, of course, stands for: bullshit; more of the same; and piled higher and deeper.