Monday, April 21, 2008

John McCain's Economic Plan Bites

From Change to Win:

Well, John McCain has finally seen fit to share his "plan" for revitalizing the American economy. He laid out the details in a speech on Tuesday at Carnegie Mellon University.

Unsurprisingly, it's just more of the same old George Bush economics -- big giveaways to the rich, and a few crumbs tossed to the rest of us to distract us from the crumbling infrastructure, undersupported military and mounting national debt the policies result in.

Let's get the biggest part out of the way up front: most of the "McCain plan" consists of just extending George Bush's tax cuts into the future. Since it's already well-established that the Bush tax cuts massively favor the wealthiest 1% of Americans over the rest of us, I won't spend a lot of time on them here. I'll just note that the tax cuts advocated by John McCain in 2008 were fiercely opposed in 2001 by... John McCain...
Read the rest here...

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