Skip navigation

I’m starting to think that a John McCain presidency would actually make Dubya look fairly intelligent . Every time I hear the presumptive neocon candidate for president speak, or read about something he has said, I am absolutely gob smacked by the sheer ignorance and/or stupidity of his utterances. Take this article from the Politico, for example. Now first of all I should make it perfectly clear that I do not believe the President of the United States should run the economy. I do believe, however, that the president should have a general understanding of economics. He should be well aware that government interference in economic matters will always be counterproductive. He should allow the market to work and thrive as it is driven by real people leading their daily lives. At the same time he should not destroy it by foisting fascistic legislation like the New Deal upon it.

Who knows what John McCain might do as president, but it seems pretty clear that he doesn’t know either. Speaking in New Hampshire recently the Arizona senator stated that “The issue of economics is not something I’ve understood as well as I should.” Alright, I’ll give him credit for his candor. But why on earth would a presidential candidate say something like that? As a man who boasts about his military knowledge, McCain seems strangely willing to hand over ammunition to the Democrats. And surely that ammunition will be fired back at him in the near future.

Nevertheless, he just keeps on giving. The Bush tax cuts have been a favorite griping point for Democrats for years now. The common complaint is that these cuts “favor the rich” while increasing the burden on the middle and lower classes. Back in 2003 John McCain went right along with the Democrats on this issue as he commented, “I just thought it was too tilted to the wealthy, and I still do… I want to cut the taxes on the middle class.” Now, in 2008, he has called for the tax cuts to become permanent. So which McCain is the real one, we might ask? Once again, I should make clear that I have no problem with any tax cuts. Tax cuts are never a problem. Cutting taxes while increasing spending, now that’s a different situation. That’s exactly where Bush has gone so horribly wrong. As I pointed out in an earlier post, the U.S. government has spent five times as much under Bushian rule than it did under Clintonian rule in the 1990’s. You can’t have it both ways. But this is nothing new. As Gary North shows us, it’s happened before.

And while we’re dealing with government spending, there’s always the contentious issue of “earmarks,” the ways legislators steer money to their own pet projects, usually in their home districts. John McCain has spoken out against earmarks in the past. The thinking is that earmarks increase government spending. Problem is, this is all just a clever subterfuge. Earmarks don’t increase spending. The money is allocated before the earmarking process ever begins. The issue here centers on who decides what to do with that money. If it’s not spent by our elected representatives in Congress it will be spent by the Executive. People like McCain and the other anti-earmark crusaders really aren’t against earmarks. They are just for a stronger Executive. But it’s a clever way for “small government” Republicans to convince their constituents that wasteful government spending is being eliminated. Here’s more on this issue from Ron Paul, who, by the way, is the only presidential candidate with an extensive understanding of economics. Of course, he’s the guy who doesn’t stand a chance. Typical.

Advertisements

2 Comments

  1. i think we should also regulate the accumulation of wealth, so as to control the disparity between rich and poor, in the form of tax cuts for the middle class, but social welfare for the impoverished.

  2. You know, if Ron Paul did stand a chance, he probably wouldn’t be worth voting for. Usually, corruption and the elitist agenda are what give a candidate a chance in the first place.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: