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 [...]
This year, John McCain is going to have to do what he failed to do in 2000: Beat George W. Bush.
“John McCain unfortunately is burdened by a not very good economy, by an ongoing war in Iraq and by Bush’s poll numbers in the high 20s,” Ken Duberstein, Ronald Reagan’s former chief of staff, who [...]
There are several reasons for this opposition:
First, research shows that waiving the gas tax would generate major profits for oil companies rather than significantly lowering prices for consumers.
Second, it would encourage people to keep buying costly imported oil and do nothing to encourage conservation.
Third, a tax holiday would provide very little relief to families feeling [...]
In January 2005, Clinton deftly maneuvered — from her perch on the Senate Armed Services Committee — a multi-billion-dollar contract to buy presidential helicopters from a consortium including European companies.
That deal involved rewarding a $6.1 billion contract to the England based AgustaWestland and Lockheed Martin to build 23 high-tech Marine One helicopters — the President’s [...]
Democratic presidential candidate Barack Obama’s proposal for a windfall profits tax on oil companies could cost $15 billion a year at last year’s profit levels, a campaign adviser said.
The plan would target profit from the biggest oil companies by taxing each barrel of oil costing more than $80, according to a fact sheet on the [...]
Over the past several days, some of the nation’s leading economic and political pundits have weighed in critically on the proposal of both Sens. Hillary Clinton and John McCain to institute a gas tax holiday this summer.
Link:The Huffington Post
Democrat Barack Obama argued on Tuesday that his rivals’ call for a summer-long suspension of the federal gas tax is “designed to get them through an election” and would not help struggling consumers.
“The easiest thing in the world for a politician to do is tell you exactly what you want to hear,” Obama said in [...]
Sen. Hillary Rodham Clinton (D-N.Y.) has requested nearly $2.3 billion in federal earmarks for 2009, almost three times the largest amount received by a single senator this year.
The Democratic presidential candidate’s staggering request comes at a time when Congress remains engaged in a heated debate over spending federal dollars on parochial projects.
Link:TheHill.com
Policy differences between Barack Obama and Hillary Clinton have been far and few, but a new one emerged on Monday over a proposed gas tax holiday. Obama says he’s against while Clinton says she’s in favor, putting her on the same side as John McCain, who proposed such a holiday last week.
Link:WSJ.com
“Screw ‘em,” she told her husband. “You don’t owe them a thing, Bill. They’re doing nothing for you; you don’t have to do anything for them.”
The statement — which author Benjamin Barber witnessed and wrote about in his book, “The Truth of Power: Intellectual Affairs in the Clinton White House” — was prompted by another [...]
Older voters gravitate to Hillary Clinton because they’re too wise to be fooled by Barack Obama’s rhetoric, former president Bill Clinton told Pennsylvania voters today.
Link:Boston.com
OH really Bill,… you must have missed this headline..
Obama Dominates Clinton Among College Graduates
http://tinyurl.com/5eg2z9
National Democrats remain strongly divided by education as to their preferences for their [...]
