boo on economy :(
i'm trying to look at all sides...
McCain plays defense on the economy
McCain added that, “those fundamentals are being threatened today because of the greed and corruption some engaged in in Wall Street and we have got fix it and we have got to reform the way that they do business and frankly my friends, our workers have always been the strength of our economy, and they remain the strength of our economy today.”
McCain Moves Fast on Crisis, Calls Economy `Strong'
McCain promised to ``replace the outdated, patchwork quilt of regulatory oversight.'' During his 26-year career in Congress, McCain has generally supported proposals to cut, not increase, federal financial regulations.
In 1999, McCain voted in favor of the Gramm-Leach-Bliley banking deregulation act that let commercial banks and investment firms merge for the first time since the Great Depression. And, while he supported the Bush administration's takeover of Fannie Mae and Freddie Mac, McCain says he wants to sell the mortgage finance companies to private buyers.
McCain: ‘The Issue Of Economics Is Not Something I’ve Understood As Well As I Should’
Instead of offering direct middle-class relief for individuals, McCain is proposing cutting the corporate tax rate by 28.5 percent. Douglas Holtz-Eakin, McCain’s top economic adviser, said his approach is to simply let someone else deal with the problems affecting working Americans. “The best course of action is to let the Fed handle it.”
With Recession Looming, McCain Offers Happy Talk: ‘Underpinnings Of Economy Are Strong’
Such happy talk overlooks the fundamental weaknesses of the U.S. economy - a weak labor market, large budget deficits, massive trade deficits, low productivity growth, and a nationwide decline on house prices.
Since 2001, family incomes in the United States have not risen, yet the costs for important consumer items such as housing, health care, transportation, energy, and food all climbed at often breathtaking rates. To afford these basic necessities, families buried themselves in deeper and deeper debt relative to their income - “at a rate more than four times faster than that in the 1990s.”
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fundamentals of our economy has not been strong for a while now. the fact that family incomes have not risen since 2001 is a shameful shameful evidence that it has not been strong. mccain planning on "reforming" wall street without good economic understandings is a frightening prospect - just as he has voted for deregulation and proposed cutting corporate tax rate when he is supposed to be standing up for everyday americans...
how will you explain to your children that we screwed them?
McCain plays defense on the economy
McCain added that, “those fundamentals are being threatened today because of the greed and corruption some engaged in in Wall Street and we have got fix it and we have got to reform the way that they do business and frankly my friends, our workers have always been the strength of our economy, and they remain the strength of our economy today.”
McCain Moves Fast on Crisis, Calls Economy `Strong'
McCain promised to ``replace the outdated, patchwork quilt of regulatory oversight.'' During his 26-year career in Congress, McCain has generally supported proposals to cut, not increase, federal financial regulations.
In 1999, McCain voted in favor of the Gramm-Leach-Bliley banking deregulation act that let commercial banks and investment firms merge for the first time since the Great Depression. And, while he supported the Bush administration's takeover of Fannie Mae and Freddie Mac, McCain says he wants to sell the mortgage finance companies to private buyers.
McCain: ‘The Issue Of Economics Is Not Something I’ve Understood As Well As I Should’
Instead of offering direct middle-class relief for individuals, McCain is proposing cutting the corporate tax rate by 28.5 percent. Douglas Holtz-Eakin, McCain’s top economic adviser, said his approach is to simply let someone else deal with the problems affecting working Americans. “The best course of action is to let the Fed handle it.”
With Recession Looming, McCain Offers Happy Talk: ‘Underpinnings Of Economy Are Strong’
Such happy talk overlooks the fundamental weaknesses of the U.S. economy - a weak labor market, large budget deficits, massive trade deficits, low productivity growth, and a nationwide decline on house prices.
Since 2001, family incomes in the United States have not risen, yet the costs for important consumer items such as housing, health care, transportation, energy, and food all climbed at often breathtaking rates. To afford these basic necessities, families buried themselves in deeper and deeper debt relative to their income - “at a rate more than four times faster than that in the 1990s.”
---
fundamentals of our economy has not been strong for a while now. the fact that family incomes have not risen since 2001 is a shameful shameful evidence that it has not been strong. mccain planning on "reforming" wall street without good economic understandings is a frightening prospect - just as he has voted for deregulation and proposed cutting corporate tax rate when he is supposed to be standing up for everyday americans...
how will you explain to your children that we screwed them?