Right to McCain: Your New Economic Plan Stinks

[maddezmom]

Right to McCain: Your New Economic Plan Stinks
October 14, 2008 11:13 AM ET | James Pethokoukis | Permanent Link | Print
John McCain unveiled several new economic ideas today to help the struggling economy. The feedback I am getting from pro-growth types on the right is not good. Many had hoped McCain would unveil some sort of new middle-class tax cuts on income or investments, perhaps a zero capital gains tax rate to appeal to all those hurting 401k investors. The logic is this: What's really going to hurt homeowners is the loss of a job. We may be facing the worse downturn in a generation. Why not a broad tax cut like we had in 1981?

I asked McCain economic adviser Douglas Holtz-Eakin that very question today during a conference call. He didn't answer it. He said something about how McCain is going to take steps that are "in the best interests of the American people," particularly seniors and homeowners, and how these new steps will show Americans that they have "a government that is responding" to their needs. Hoo boy. I can already predict the E-mails I'm going to get: "None of what McCain is proposing will help return the economy to prosperity. They just make the downturn a bit less painful."

more:
http://www.usnews.com/blogs/capital-commerce/2008/10/14/right-to-mccain-your-new-economic-plan-stinks.html

[Median Democrat]

1. The Tax Cut To Seniors Sounds Familiar - Oh Yeah, Its Been In Obama's Plan Forever...

McCain just added additional zeros to the plan. McCain, "Oh yeah? Well I'll match your senior tax cut, and cut taxes an additional $1000!" Obama's senior tax cut is limited to seniors making under a certain amount. I think McCain's might be across the board. Of course, McCain will probably propose to cut social security to pay for the tax cut, so he robs Peter to pay Paul.

Likewise, while McCain opposes the unemployment benefits, he proposes not to tax them. Go figure.

Bottom line: There is no rhyme or reason to McCain's plan. He is just trying to buy votes.

[nc4bo]

2. Remember, all of this rhetoric comes from the Great Deregulator...

He helped create this mess. Why should ANYone take comfort in any of his schemes and plans?

[Sukie]

3. Go to the site and read the guy's comment below it.

He has a very perceptive outline of how to determine who is the better ticket. I copied it and plan to ask this of people I know.