McCain’s new ad accuses Obama of keeping gas prices high, all by himself. That’s absurd, and McCain knows it – he has said repeatedly that our current problems were “30 years in the making.”
The ad also tells us that gas prices are high because “some in Washington are still saying no to drilling in America.” [...]
Obama scheduled the meetings without any hopes of winning the captains of industry over from Sen. John McCain, but to show them they would be able to do business with him in the White House and that the president’s door would be open to the corporate leaders. Their consensus was that he has largely succeeded [...]
“Well, you know, America already has one Dr. Phil,” Obama said, referring to a tough-talking television talk show host and psychologist.
“When it comes to the economy, we don’t need another,” he said.
Link:Breibart.com
“You’ve heard of mental depression; this is a mental recession,” he said, noting that growth has held up at about 1 percent despite all the publicity over losing jobs to India, China, illegal immigration, housing and credit problems and record oil prices. “We may have a recession; we haven’t had one yet.”
Link:Washington Times
Sen. John McCain (R-Ariz.) plans to promise on Monday that he will balance the federal budget by the end of his first term by curbing wasteful spending and overhauling entitlement programs, including Social Security, his advisers told Politico.
Link:Politico.com
With the cost of gas a top issue in the presidential campaign, Barack Obama on Sunday will announce a plan to crack down on oil speculation by tightening regulations on energy traders.
The announcement is further evidence that an Obama administration would take an activist, populist approach to regulating business.
Obama wants to close a loophole in [...]
McCain has spent the week focusing on energy policy, making some surprising, and inaccurate, statements.
Among them:
* He said that ending a moratorium on offshore oil drilling “would be very helpful in the short term in resolving our energy crisis.” But according to a government report, offshore oil wouldn’t have much of an impact on supply [...]
10 times since the beginning of June, McCain has retreated from, upended or just forgotten positions he once claimed as his own. On Social Security, balancing the budget, defense spending, domestic surveillance and a host of other issues so far this month, McCain’s “Straight Talk Express” did a U-turn on the road to the White [...]
Democrat Barack Obama told voters Saturday he would push an aggressive economic agenda as president: cutting taxes for the middle class, raising taxes on the wealthy, pouring money into “green energy” and requiring employers to set up retirement saving plans for their workers.
Campaigning in Pennsylvania, a key battleground in the fall campaign, Obama said he [...]
RUSSERT: The fact is you are different than George Bush.
SEN. McCAIN: No. No. I-the fact is that Im different but the fact is that I have agreed with President Bush far more than I have disagreed. And on the transcendent issues, the most important issues of our day, Ive been totally in agreement and support [...]
Barack Obama on Monday described John McCain’s proposed tax cuts as “outrageous” and said they would amount to $5,700bn over the next decade – more than double the cost of George W. Bush’s tax cuts.
Link:FT.com
Democratic presidential candidate Barack Obama said on Monday he would impose a windfall profits tax on U.S. oil companies as he sought political gain from Americans pain over high gasoline prices.
Launching a two-week focus on the economy after clinching the Democratic presidential nomination, Obama drew a sharp contrast between his economic policies and those of [...]
Republican presidential candidate Sen. John McCain’s national campaign general co-chair was being paid by a Swiss bank to lobby Congress about the U.S. mortgage crisis at the same time he was advising McCain about his economic policy, federal records show.
Link:The Huffington Post
In 2007, Sen. John McCain blamed out-of-control GOP spending for the Democrats’ takeover of the House of Representatives. “We came to power in 1994 to change government, and government changed us,” he said at the time. Now you can count McCain among the transformed — but not in any consistent manner.
While proposing tax cuts twice [...]
Sen. John McCain promises that, as president, he would “cut taxes and balance the budget.” But his current economic plan would create deficits as deep as 5.7% of GDP by the end of a two term presidency — the highest federal budget deficit in 25 years — and would accumulate the biggest debt since the [...]
