Oops! McCain again clueless on economy
Friday, June 06
Of course, John McCain is free to believe whatever he wants -- but that doesn’t make it true.
Today the AP reported that the unemployment rate jumped to 5.5 percent in May. That's the biggest monthly rise since 1986, and it reflects 49,000 jobs cut by employers. It's clear that despite McCain's bizarre proclamations, the economy really is in trouble:
“For the average American there is not debate that the economy is in a recession,” said Mark Zandi, chief economist at Moody’s Economy.com. “That’s because their net worth is lower, their purchasing power is lower and it is tough to find a job. If you lose a job, it is tough to get back in,” he said.
It shouldn’t really be that surprising that McCain is so out of touch on economic issues. He's said before that “[t]he issue of economics is not something I’ve understood as well as I should" and that working families' economic hardships are mostly "psychological."
McCain is also the 8th wealthiest U.S. senator, the owner of 9 homes, and worth more than $13 million. The economy seems to be working quite well for him. For the rest of America, though, it's a different story.
If John McCain can't acknowledge the problems with the economy, how is he going to fix them?
He won't. McCain's economic proposals would provide little relief for the vast majority of Americans. They'd be nothing more than a continuation of George Bush's tax breaks for huge corporations and millionaires, bad trade deals, and failure to provide relief for working families struggling with the housing crisis and skyrocketing health care costs and gas prices.
John McCain can say the economy is doing just fine. The facts, though, say he's dead wrong.
Posted by Americans United For Change Web Team
7 Comments
No more Conservative Leadership. Please.
20 Years of them
1980-575B Budget
2009-3000B + two unfunded wars
1980=1000B of Debt
2009=10,000B of Debt + two unfunded wars
23M net news jobs in 20 years
Carter-Clinton 33M in 12 years
Only thing keeping us from stomping is Abortion-Gay Marriage which cost us church votes both D & R church votes
Ever hear safe-legal-rare?
Who is leading this Party?
A Phantom?
clarence swinney in burlington nc | Wednesday, June 11 at 10:47 AM
Dollar Value
Why does not a D leader tell the people how Fed Reserve ran printing presses overtime for Bush?
Devalued the dollar.
Stopped showing M-3 in reports????
Ashamed.
clarence swinney in burlington nc | Wednesday, June 11 at 10:49 AM
IRAQ slaughterama
“pnac” Rumsfeld Shock & Awe.
PNAC=Imperialism=Israel=Oil= decades of disgrace for America.
clarence swinney in burlington nc | Wednesday, June 11 at 10:52 AM
what will be KEY against Obama?
Dukasis=Willie Horton Pardon LIE
Gore-Credibility Gap LIES
Kerry—Flip Flop LIES swiftboat Lies
Will O hit back big time.?
Will O call a Liar a Liar?
They will use ONE thing over and over.
Goebbels Rove Technique
Prepare now. Hit Fast. Hard.
Muslim already being used.
Stop it.
clarence swinney in burlington nc | Wednesday, June 11 at 10:55 AM
who will tell the people?
Democrats have the Numbers in History of Greatness.
google clarence swinney + attack
clarence swinney in burlington nc | Wednesday, June 11 at 10:56 AM
when will Howard Dean stop Tax & Spend Liberal junk? Will O hit back with
Democrats the party of Tax & Spnd or Pay Our Way.
Conservatives party of Spend & Borrow kids pay tomorrow.
200 years=1000B of Debt
20 years of Conservatism =7500B add on to Debt.
Are all D stupid or just leaders?
attack attack
clarence swinney in burlington nc | Wednesday, June 11 at 10:59 AM
ALL AMERICAN PARTY
VS
TWENTY PERCENT PARTY
COUNTRY CLUB PARTY
PARTY OF RICH
WHO WILL TELL THE PEOPLE?
From WWII to 1980 each percentile gained almost evenly, percentage, in Income and Wealth.
Called Picket Fence distribution
Reagan started a Step Ladder distribution.
Each step gained some except top two went into space.
Top two Steps took 70% of Growth in decade of 80’s.
Worse now.
clarence swinney in burlington nc | Wednesday, June 11 at 11:03 AM