Friday, June 13, 2008

"Sen. McCain wants to turn Bush’s policy of 'too little, too late' into a policy of 'even less, even later.'

Sen. Obama went after Sen. McCain hard this week, on economic issues from the housing crisis to energy concerns. You know what I like? Democrats who don't just play defense.

From the AP-
Democrat Barack Obama on Monday seized on heightened concerns about the economy, tying John McCain to the Bush administration's recent record of soaring gasoline prices and slumping employment.

Launching a two-week economics tour in a state the GOP usually considers safe, Obama warned that McCain's policies on taxes, spending and energy would continue the nation's slump, which some fear is already a recession. He called for new taxes on oil companies and wealthy individuals, along with $1,000 tax cuts for most working families...

...The centerpiece of McCain's economic plan "amounts to a full-throated endorsement of George Bush's policies," Obama told about 900 people in Raleigh...

...Obama offered no new policies in his speech, which he read from teleprompters. Rather, he used the occasion to emphasize his economic differences with McCain and summarize earlier proposals. They include raising income taxes on wealthy individuals, granting a $1,000 tax cut to most others, winding down the Iraq war, tightening credit card regulations and pumping more money into education, alternative fuels and infrastructure such as roads and bridges...

...The two differed somewhat on energy production as well. Obama called for greater government investments "in a renewable energy policy that ends our addiction on foreign oil, provides real long-term relief from high fuel costs and builds a green economy that could create up to five million well-paying jobs that can't be outsourced."

Sen. McCain's retort? Attempting to resurrect the gas tax holiday scam. "I don't pretend that it's an answer to our energy problems," he admits. Well, ummm, okay then.

Also, CNN looked at the Tax Policy Center's report comparing John McCain and Barack Obama's proposed tax plans (video), and found that 90% of Americans would save $$$ under the Obama plan. The only group that would save with a President McCain are the rich, and I don't think too many of them are swing voters anyway.

The debates this Fall should be fun.

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