McCain Doesn't Have A Clue

Last week John McCain told Americans that "a lot of progress" had been made economically in the last seven years, although he did add that "some Americans" are hurting. I have to wonder what country he's been living in for the last seven years, because Bush has really sent our economy into a downward tailspin during those years.

I guess we have to remember that McCain is among the super-rich, with his heiress wife being worth around $100 million. For the super-rich, it has been a wonderful seven years. McCain and his rich compadres are making more money and paying less in taxes than at any time since the Roaring 20's. So I don't guess we can expect McCain to understand that the other 95% of Americans are hurting.

But McCain tells us he has an economic plan. First, he wants to stop collecting the federal gasoline tax for the summer months. I don't know about you, but I seriously doubt that not collecting that 19 cents a gallon is going to keep anyone out of bankruptcy.

What it will do is put the rebuilding of our infrastructure even further behind, because that is where the gas tax money goes. It will also give his Big Oil friends a chance to raise their prices even further and top their own record-breaking windfall profits.

Then he wants to follow Bush's lead and cut taxes even further for the rich. Never mind that Bush doubled our national debt to between $9 and $10 trillion, when he cut taxes for the rich. The only thing these further cuts will do is saddle our children and grandchildren with an enormous back-breaking debt.

McCain says he will balance the budget after he cuts those taxes though. How? He's going to cut out wasteful government spending! Isn't that they same thing that Bush and every other conservative says before they get into office and raise our debt? "Cutting wasteful spending" is the right-wing code for "I don't have a plan or a clue what I'm doing economically".

And he obviously doesn't have a clue. The biggest and most wasteful spending our government is doing is the $12 billion a month we're throwing away on the unnecessary war in Iraq. But he's fine with that spending, and is willing to continue that for another "hundred years".

The fact is that McCain doesn't have any more of an economic plan than Bush does. He would simply continue the Bush policies that are destroying our economy. Voting for McCain would be an excellent way to push our economy from a recession to a depression.