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McCain Offers Economic Plan


Republican presidential candidate Sen. John McCain pauses as he greets supporters in the overflow during a rally at Montgomery County Community College in Blue Bell, Pa., Oct. 14, 2008. (Carolyn Kaster/Associated Press)

By Michael D. Shear
BLUE BELL, Pa. -- Sen. John McCain today proposed $52 billion in tax breaks aimed at reducing the impact of stock market losses on the nation's seniors, providing relief to the unemployed and encouraging savings.

Under his plan, unveiled as he campaigned in a suburb of Philadelphia, seniors would pay lower taxes when they tap their retirement accounts and people who sell falling stocks could write off more of their losses.

Those who are out of work would no longer be taxed on the unemployment benefits they collect. And those who make a profit by selling long-held stocks would pay only half the capital gains taxes for the next two years.

"I will help to create jobs for Americans in the most effective way a president can do this -- with tax cuts that are directed specifically to create jobs and protect your life savings," McCain said to a crowd of about 1,000 people at the Montgomery County Community College.

McCain offered the new economic prescriptions a day before he will face Sen. Barack Obama for the final time in a debate at Hofstra University in Hempstead, N.Y., on Wednesday night. Polls suggested that the economic distress of the past several weeks has taken its toll on McCain's campaign, which has sunk in national and battleground surveys.

His proposals came a day after Obama offered his own ideas for helping those most affected by sinking stocks, the contracting job market and the falling prices of most homes.

The Democratic nominee also aimed some relief at seniors and others who choose to withdraw money from retirement accounts, allowing families to take out up to 15 percent of their savings from 401(k) plans penalty-free.

Like Obama's plan, which offered a 90-day foreclosure moratorium aimed at protecting those who are making a good-faith effort to keep up with their payments, McCain has already said he would direct the government to purchase troubled mortgages and replace them with more manageable terms.

But Obama spokesman Bill Burton derided McCain's proposals as a "gambit" and "trickle-down, ideological recipes" that will not help the middle class.

"His trickle-down, ideological recipes won't strengthen our economy and grow our middle-class, but Barack Obama's pro-jobs, pro-family economic policies will," Burton said.

McCain's made his tax cut proposals as President Bush announced an historic $250 billion plan to have the federal government inject money into the economy by directly investing in private banks.

McCain did not directly comment on the president's announcement. But he warned that as president he would require that government investment end once the private banks and institutions are restructured and healthy.

"And when that is accomplished, in each instance, government will relinquish its interest in these private companies," McCain vowed. "We're going to get government out of the business of bailouts and equity stakes, and back in the business of responsible regulation."

In a version of the stump speech he unveiled Monday, McCain again backed off of the harsh personal attacks on Obama that have become a hallmark of his campaign during the past month. Instead, he criticized the Democrat for his fiscal policies and for lacking a
record of accomplishment.

"He is an eloquent speaker, but even he can't turn a record of supporting higher taxes into a credible promise to cut taxes," McCain said. "What he promises today is the opposite of what he has done his entire career. Perhaps never before in history have the American
people been asked to risk so much based on so little."

And he once again vowed to "fight" for the middle class if he is elected president.

"I know what fear feels like. It's a thief in the night who robs your strength," McCain said. "I know what hopelessness feels like. It's an enemy who defeats your will. I felt those things once before. I will never let them in again. I'm an American. And I choose to fight."

On the economy, McCain offered gloom about the immediate situation but also an optimist's predictions, saying the country will prosper and will be safer. McCain described his new proposals as an effort to "revive the market by attracting new investment."

They include:

  • A proposal to lower the tax rate on seniors who tap their IRAs and 401(k)'s after reaching 59-and-a-half years old. Under his proposal, which he estimated would cost the government about $36 billion, the first $50,000 of withdrawals would only be taxed at the 10 percent rate, his aides said.

    "Retirees have suffered enough and need relief, and the surest relief is to let them keep more of their own savings," McCain said.

  • For those who sell stocks at a loss, McCain would increase the amount they can deduct from $3,000 to $15,000, making it less of a burden for those who need immediate cash to survive the economic downturn, his advisers said.

  • Capital gains taxes would be cut in half, McCain said, for two years, from 15 percent to 7.5 percent. His aides said that would cost the federal government about $10 billion, but would provide an incentive to save and invest.

    Obama's spokesman mocked the idea.

    "Senator McCain also shows how little he understands the economy by offering lower capital gains rates in a year in which people don't have an awful lot of capital gains," Burton said.

  • For people looking for work whose income for the year is under $100,000, McCain would eliminate taxes on the unemployment benefits they receive. Aides said that would cost the government about $6.5 billion.

    Posted at 12:03 PM ET on Oct 14, 2008  | Category:  John McCain
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    hahaha sonnychibba72, you are funny. Do you get all your talking points from the talking heads in the RNC or do you fanatasize them into your head? But anyway, thanks for the good laugh.

    Posted by: yard80197 | October 15, 2008 2:00 PM

    Yard, stupid senile seniors, as you call them, have earned the right to vote for whoever they wish. Senior Citizens in America have helped make our country great. They are the ones who have fought in the wars, they have worked hard for many years and they have made great contributions to America.

    What has Obama done in his short life? He hasn't done much other than make friends with Weathermen, support ACORN, which is in the midst of the largest voter registration fraud in American history and he has not been truthful to the American people.

    Because Seniors don't see eye to eye with you, they are stupid and senile. Hmmm! Vote for Obama or you are senile and stupid. Is that it?
    Get a life yard.

    Posted by: sonnychiba72 | October 15, 2008 10:51 AM

    People should look at the financial mess we are in today and realize what the Bushies and the Republicans have done to this coutry. This administration took a $4,800,000,000,000 debt turned it into an $11,200,000,000,000 debt. None of what McCanePain have to say, can hide or erase that fact. And the stupid senile seniors who vote for these idiots SHOULD pay the price for their folly. Why is the debt a big issue? because all that money is going to be inflated away...THAT is the stated policy of the Republicans (Remember..."deficits don't matter" ---Lord DarthVader). So what will happen? There's nothing to be afarid of. The seniors will pay for their folly. Watch the babyboomers searching for food in yesterday's garbage...good thing they threw away so much yesterday!!! The landfills are ripe for harvesting.

    Posted by: yard80197 | October 15, 2008 10:22 AM

    McCain's proposal encourages Americans to sell assets into a bear market at depressed prices. This is a 180 degree reversal from the "ownership society" he has been advocating for the past eight years.

    I can see how this will help those with extra cash get even richer, but what does it do for ordinary Americans after they have sold off what little remains of their investments?


    Posted by: northernliberal | October 15, 2008 9:19 AM

    What McCain needs to say to the American People at his closing debate speech.

    Title: Imagine

    My fellow Americans, in these difficult times I ask for YOUR vote Nov 4th. Senator Obama WILL bring change- you can be sure of that. Unfortunately it’s the change America doesn’t need or can’t afford. Imagine an Obama-Biden Democrat administration, unchecked and encouraged by a guaranteed Democratic House of Representatives led by Nancy Pelosi, and a filibuster proof Democratic controlled Senate led by Harry Reid. If Senator Obama wins he and the Democrats will have at least 2 years, if not 4 years to implement sweeping and irreversible changes in Healthcare, Taxes, Economy, Judicial Nominees, Gun Control, Medicare, and Defense Spending. Imagine. Imagine electing a Senator more liberal than Jimmy Carter, than Ted Kennedy, than Michael Dukakis. This Country needs to look forward not backward. Do we want a health care system which resembles that of Castro’s Cuba? Do we want Banks, Oil and Gas Companies taxed out of existence or wholly nationalized like Chavez’s Venezuela? The change I propose is more modest. I will lower taxes on all Americans. I will not create class welfare – pitting neighbor against neighbor – friend against friend. I will lower the capital gains tax to 7.5% to spur growth and create jobs. I will solve this nations dependence on foreign oil with 4 years and stop sending half a Trillion dollars overseas to dictators and monarchs who care less about our well being. The best and quickest way to reduce that dependence is expanding existing Nuclear power plants and building new ones. Creating millions of new jobs in the process. Encouraging new solar, wind, geothermal, and hydro energy producing facilities. Giving immediate tax breaks to companies building or researching these technologies and I will offer any American who builds a new home or retrofits an existing one using these new technologies to fully deduct the cost on their taxes. Imagine. Imagine a government that is responsive to the people. Imagine a government that you can trust again. Imagine a government that shrinks in size every year. Imagine a government that does more with less. Under a McCain-Palin administration it will happen. My fellow Americans I ask for your trust and your Vote. God bless you and these United States of America.

    Posted by: espnfan | October 15, 2008 8:49 AM

    Styna, I may sound like a moron to you because I know the facts that you don't want to be expressed. ACORN and OBAMA are one in the same. Both are involved in registering people who do not exist, they are registering people who are dead, they are registering "fake" people right and left in their attempt to try and steal the election.

    We are not talking about what Republicans supposedly did in 2000, we are talking about what OBAMA is doing this very moment. Obama is not honest with the American people.

    The son of a Democratic State Senator in Tennessee hacked into Sarah Palin's private Yahoo email account but you read very little about it. If a Republican official's son had done that to Obama, there would be a flood of articles splattered all over every major newspaper. Yes, the media is also biased against John McCain and Sarah Palin.

    Bill Clinton, ACORN, Obama, the Democratic House and community organizers who pushed banks to make loans to people who were not qualified are responsible for the economic crisis in America. It is a known fact that the Democratic House, in majority, tied the hands of Geroge Bush to make any changes. DEMOCRATS are more responsible for the financial crisis in America and I can't believe that people want to put one in as President. One, that one, Barack Obama, anyway you want to say it, who hasn't any experience to be in the Executive Branch of the US Government.

    If I am a moron for seeing the truth, then so be it. In the eyes of the blinded, I am a moron. I wear the title proudly.

    Posted by: sonnychiba72 | October 15, 2008 6:32 AM

    Guys, I really envy your dilemma: Another gun-toting, scantily illustrated, less-than-wordly, "nukelar"-pronouncing GOP ticket, or a purportedly black-favoring, arab-favoring, muslim-favoring Dem ticket? Stop the fear-mongering and the unhealthy passion.

    Posted by: j_observer | October 14, 2008 11:31 PM

    $52 billion in tax breaks? Wow, that's about one-fortieth of what's already been promised to the banks.

    Posted by: kevrobb | October 14, 2008 11:19 PM

    What a misleading headline. I strongly request WaPo change the headline for more accuracy. Tire swing and false equivalency of the MSM is serious public disservice and I'm sick and tired of it.

    Posted by: Lalalu | October 14, 2008 11:17 PM

    me like macaine me like pallen macaine say he maverick so I vote for him. pallen promise six packs for everybody who vote her in so I do it cause she hottie and shoot mooses and have nice safety glasses on face and big hair on head and walk nice in bathing suit in miss america of alaska and even pose naked in penthouse so she got my vote since that is a lot of experience country needs to keep bush policy going and haliburton need money too. pallen macain 09!! yay!!!!!!

    Posted by: DaveMiner | October 14, 2008 11:15 PM

    McCain's plan is all gloss and little substance. The senior has gotten hurt with the falling stock prices which have been caused chiefly by the swaps and illusory insurance perpetrated by the scams at the hedge funds and the banks. They leveraged 40 to 1 and higher, sold insurance without assets to back up the insurance if they were called upon to pay, were not regulated by any state or federal agency, and were given a free hand to run wild with any transparency. How a few tax breaks are going to help the seniors is hard to understand. As they work at fast food restaurants, or other menial jobs, or are forced to sell their homes or condos, or go without health insurance and medicines, they will think wonderful things about another illusory tax deduction. Fortunately they are smart enough to see that MCCain and his Bush folks are a bunch of hucksters. charles hopfl

    Posted by: hopflcd | October 14, 2008 10:59 PM

    McCain is erratic and the King of Flip Flop.

    Today? A proposal for Seniors. Last week? A proposal for homeowners in over their heads. Tomorrow? Another erratic, flip flopping pandering proposal as he and his campaign flail in vain in the waning days of the 2004 presidential cycle?

    Stick a fork in McCain .. he's done.

    Posted by: HillRat | October 14, 2008 10:57 PM

    We just added $700billion into our national debt which stands at $12trillion at this point; thanks to the "deficit doesn't matter" Republicans. Our economy nearly collapsed due to the mountains of debt and the only thing they have to offer is more tax cuts.

    What happened to fiscal responsibility, let alone fiscal conservatism?

    Posted by: lohengrin | October 14, 2008 10:53 PM

    Sarah Palin made a remark today, found in the NY Times. She said. . ."Her references to her son are the most personal part of her speech, as she describes being scared when she first learned that the baby would have special needs. She and her husband, Todd, talked, prayed, reflected and ultimately decided to have the child.". .. .now, she "DECIDED" to have the Downs child? Uh, this is SARAH, you cannot have an abortion for ANY reason, stating she "DECIDED" to have this child? Does anyone else smell a rat here? Does this mean she contemplated an abortion? Entire article here: http://www.nytimes.com/2008/10/14/us/politics/14palin.html

    Posted by: GenuineRisk | October 14, 2008 10:51 PM

    If I were to write a headline, it would say, "McCain Econ Plan Panders to Likely Voters"

    Posted by: officermancuso | October 14, 2008 10:23 PM

    John McCain's promises are meaningless since he will no doubt have to deal with a Democratic Congress if the American people are dumb enough to waste their vote on this senior citizen who changes his mind on issues daily. John McCain is a flip flopper so one would have to be incredibly naive to believe his promises.

    Posted by: lavinsr | October 14, 2008 10:22 PM

    the general theme of the dem is that they rather destroy America with their racial
    divisiveness than LOSE AN ELECTION

    Posted by: somers91 | October 14, 2008 10:22 PM

    McCAIN TRANSITION CHIEF AIDED SADDAM IN LOBBYING EFFORT

    FROM THE HUFFINGTON POST

    William Timmons, the Washington lobbyist who John McCain has named to head his presidential transition team, aided an influence effort on behalf of Iraqi dictator Saddam Hussein to ease international sanctions against his regime.

    The two lobbyists who Timmons worked closely with over a five year period on the lobbying campaign later either pleaded guilty to or were convicted of federal criminal charges that they had acted as unregistered agents of Saddam Hussein's government.

    During the same period beginning in 1992, Timmons worked closely with the two lobbyists, Samir Vincent and Tongsun Park, on a previously unreported prospective deal with the Iraqis in which they hoped to be awarded a contract to purchase and resell Iraqi oil. Timmons, Vincent, and Park stood to share at least $45 million if the business deal went through.

    Timmons' activities occurred in the years following the first Gulf War, when Washington considered Iraq to be a rogue enemy state and a sponsor of terrorism. His dealings on behalf of the deceased Iraqi leader stand in stark contrast to the views his current employer held at the time. (Whole story in the Huffington Post.)

    Posted by: WVUWEIRTON | October 14, 2008 10:18 PM

    Now, I know all the McCain supporters are going to jump all over me with this one, but was it just me or did that whole Fight ....., Fight ...., Fight thing sound like Senator McCain was at a Naval Academy pep rally? When he finished I was waiting for someone to spring into

    Now college men from sea to sea
    May sing of colors true,
    But who has better right than we
    To hoist a symbol hue?
    For sailor men in battle fair
    Since fighting days of old,
    Have proved a sailor's right to wear
    The Navy Blue and Gold.

    Maybe it was just me. Sorry.

    Posted by: NYLiberal | October 14, 2008 10:12 PM

    WOW! MORE BILLIONS. WHERE HE IS GOING TO GET THE MONEY? PERHAPS SELL HIS TEN HOUSES?

    Posted by: blueyes1 | October 14, 2008 10:09 PM

    The new plans released by the candidates - Obama yesterday, and McCain following (as usual) today - were both covered by the Post. The first sentence regarding Obama's plan called it 'expensive' (no value judgement there). No such word used for the McCain plan even though almost the exact same cost estimate. Also, look at the way the headlines are written: Obama - Adds $60 Million; McCain - Helps Seniors. Ridiculous attempts to keep the race close WaPo. The editorial board needs to stop editorializing on the front page and save it for the Op-eds. I look forward to hearing how a huge capital gains tax cut - the Republican solution to every problem that has ever occured - will save the economy. Good grief!

    Posted by: jak2 | October 14, 2008 10:08 PM

    Talk is cheap, its action that counts. McCain may be a veteran, but his support for veterans is poor…BUT, MAYBE IF I had 100 million dollars, 7 houses and 13 cars I would not need my veterans benefits either.


    CHECK OUT McCAIN’S SUPPORT OF VETERANS.

    The facts are Veterans groups gives Obama a “B” rating and McCain a “D” rating. YEA, I COULDN’T BELIEVE IT EITHER!!!

    THAT’S THE FACTS…. CHECK OUT… Why Won't McCain Sign the GI Bill?.........

    http://www.youtube.com/watch?v=pK_9sI7hzAc

    Posted by: WVUWEIRTON | October 14, 2008 10:07 PM

    I'm sorry, but I do not trust McCain's campaign promises and plans. First of all, he supported deregulation that is partly responsible for this financial mess we are in. I don't want McCain even touching my pension in my IRA that is down 25%!!!

    I don't trust his policy of taxing health benefits of those employed by companies to provide a bogus $5K that will be eaten up by inflationary cost increases in the healthcare and pharmaceutical industry.

    McCain's vision comes too late into this campaign after focusing on smearing his opponent and promising not to do that.

    Enough is enough.

    Posted by: kerryberger | October 14, 2008 10:06 PM

    Now, I know all the McCain supporters are going to jump all over me with this one, but was it just me or did that whole Fight ....., Fight ...., Fight thing sound like Senator McCain was at a Naval Academy pep rally? When he finished I was waiting for someone to spring into

    Now college men from sea to sea
    May sing of colors true,
    But who has better right than we
    To hoist a symbol hue?
    For sailor men in battle fair
    Since fighting days of old,
    Have proved a sailor's right to wear
    The Navy Blue and Gold.

    Maybe it was just me. Sorry.

    Posted by: NYLiberal | October 14, 2008 10:02 PM

    John McCain has stated that he really doesn’t understand economics. This proves it. With the exception of the unemployment issue this plan does nothing for the family on Main Street who doesn’t have any tax to deduct from. Does Mr. McCain have a clue that millions of Americans are destitute? Tax write off for stock losses? Long term capital gains? What about families without food? What about families without shelter? Not every American owns stock, Mr. McCain. Not every American needs capital gains relief. I suppose if I couldn’t count the houses I owned I’d be pretty much out of it, too. Reminds me of the time George H. W. Bush went to a supermarket and had no idea how to pay for groceries.

    Posted by: spencer911 | October 14, 2008 9:58 PM


    The Bush neo cons shouldn't be let anywhere near our
    billions of taxes. Who can stop them from robbing
    us on their sorry ars## way out of town?

    Posted by: VoiceofReason | October 14, 2008 9:55 PM

    And let's be freaking real. I am 60. And I am too damn tired
    to wrestle Putin, Akminajad, Chavez, and Castro's twice
    removed cousin.

    McCain is probably a sweetie. And I really think he believes
    himself. But........... Hasn't anyone else noticed he takes
    weekends off?

    Posted by: VoiceofReason | October 14, 2008 9:53 PM

    This is just what we need -- more government support for Wall Street coming in through the back door of government. No wonder. McCain has always been a proponent of linking Social Security to the stock market, but this latest financial disaster has put that proposal permanently on the shelf. Come on. Those guys on Wall Street make more money in a month than most Americans make in a year. Quit pandering to them. They're big boys. Let them take some of their licks. No more white collar welfare.

    Posted by: dparks2 | October 14, 2008 9:52 PM

    Cindy's suit. $3,000 or $30,000?

    Compassion Conservatives hahahahaaaaaaaaahhhhhhaaaaaaaaa

    Fool us thrice, We Are the Stupidest People on Earth !!!!!!!


    Posted by: VoiceofReason | October 14, 2008 9:50 PM

    The new headline for this earlier story isn't quite accurate. Instead of saying, "McCain Plan Helps Seniors, " it should say, "McCain Plan Helps Seniors Who Have Some Retirement Money Invested in the Stock Market." I'm a senior; I don't have retirement funds invested in the stock market, and McCain's plan certainly isn't going to help me. Now, if he announced that he's raising Social Security Benefits 5-8%, he'd be starting to think about helping those of us seniors who live at or near the poverty line.

    Posted by: marmac5 | October 14, 2008 9:42 PM

    Obama announced that he DOES NOT support McCain's plan of RESTRUCTURING the payments of troubled homeowners but supports BAILING OUT THE DEBTS OF BANK. McCain supports both.

    OBAMA's idea is tantamount to bailing out the people who FLEECED THE POOR and those who were fleeced are left to rot outside of their homes.

    Obama should understand that those FORECLOSED HOUSES cannot be sold at a higher rate except it be given back to its real owners. Those houses are not attractive enough to be sold to anybody else other than its previous owners.

    "The face only a mother could love" is also true to houses. The house only the owner could love.

    The truth is the TAXPAYERS and the GOVERNMENT actually GAINS or PROFITS more from JOHN MCCAIN'S PLAN.

    The plan is good not only in terms of money but also of GOODWILL and the vigor it would give to the homeowners to be productive again.

    Posted by: spidermean2 | October 14, 2008 9:42 PM

    McCain has proposed suspending the mimumum required distribution rules for IRAs. As several bloggers have noted (for example, Talking Points Memo below) this is just another sop to the affluent elderly.

    "There are several things wrong with McCain's proposal, the most important of which is that it "solves" a problem that doesn't exist, because there is nothing in the Internal Revenue Code or any regulation or ruling that says that retirement plan distributions must be made in cash. If the owner of IRA or 401(k) wants to keep the investments instead of selling them, the investments themselves can be distributed in what is known as an "in kind" distribution.

    "So, contrary to what McCain claims, the present rules do not require retirees to "sell off their IRAs and 401ks."

    See http://www.talkingpointsmemo.com/talk/2008/10/mccain-makes-false-claim-to-pa.php

    Posted by: denisethum | October 14, 2008 9:40 PM

    Completely disconnected from the middle class isn't McCain's main problem - its that he is so lost he can't even pretend to support them.

    His plan lowers the rate to "normal" - 10% for those who have so much money that they get penalized. In short, the "seniors" he's helping are the very wealthy who want to take out more cash without penalty. This is another give away to the wealthy.

    And this is the best McCain can do. Really. He really can't even fake it.

    Posted by: Bissron | October 14, 2008 9:37 PM

    Another McCain revision. How many has this guy got up his sleeve? He reminds me of one of those stage magicians that keeps pulling stuff of a hat! Give me a break! All this guy will do is EXACTLY what the goons (lobbyist)that re running his campaign will tell him to do. Sad-to-say that has little or nothing to do with the "working middle-class"

    Posted by: inewsmaster | October 14, 2008 9:36 PM

    Why is it that McCain is now coming up with ideas this late in the game? This latest magic show is a bunch of hookie. This is not an original idea AND more than half has already been put into play with the current administration.

    If people did their homework and really understand his "idea" they would find out that they would not be benefited at all. It is amazing to me that people only listen to the 5 second sound byte and do not dig a bit deeper.

    This is the MOST IMPORTANT election in a long time. Think about what the Bush Admin has done to this country. And than remember that McCain will do more of the same.

    Posted by: czapp1 | October 14, 2008 9:19 PM


    haven't seen more than two or three McCain bumper stickers the whole campaign season

    people don't want to vandalize their own property, I guess

    Posted by: lichtme | October 14, 2008 9:18 PM

    Most careful students of U.S. government recognize that the interests of children (who can't vote) are shortchanged and the interests of retired citizens (who vote a lot) are pandered to.

    If that's McCain's best shot, it's not one that's good for the nation. Whether or not it's a good political calculation on his part remains to be seen.

    Posted by: officermancuso | October 14, 2008 9:15 PM

    The Great Wealth Transfer
    It's the biggest untold economic story of our time: more of the nation's bounty held in fewer and fewer hands. And Bush's tax cuts are only making the problem worse.

    Rising inequality isn't new. The gap between rich and poor started growing before Ronald Reagan took office, and it continued to widen through the Clinton years. But what is happening under Bush is something entirely unprecedented: For the first time in our history, so much growth is being siphoned off to a small, wealthy minority that most Americans are failing to gain ground even during a time of economic growth -- and they know it.

    McCain voted against the Bush tax cuts in 2001, now he supports them?

    McSame=More Bush Tax Cuts

    Posted by: kkrimmer | October 14, 2008 9:05 PM

    McCain's Handlers tell McCain: "Promise them ANYTHING and EVERYTHING!"

    Posted by: kkrimmer | October 14, 2008 8:58 PM

    Is this an example of the supposedly 'biased' media? Gee - seems like an overall positive article to me.

    Posted by: EnemyOfTheState | October 14, 2008 8:57 PM

    Let it be known that Senator John McCain is the enemy of working Americans. Today he promises to Americans he will offer unemployment extension to them if they elect to the presidency. Yet 5 years ago, on May 15 2003, he has voted against providing for additional weeks of temporary extended unemployment compensation.

    To check on John McCain voting record, this is the website
    http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=108&session=1&vote=00152

    Posted by: mnguyen4 | October 14, 2008 8:56 PM

    Same old balogney from McPalin....yawn...
    trickle down didn't work. McPalin is done.

    Posted by: dkummer1 | October 14, 2008 8:56 PM

    Very biased headline.

    Posted by: elanvital1 | October 14, 2008 8:55 PM

    ummm. There are more older people in the Obama picture
    than the McCain picture.

    Apparently, the older people disagree with the title of this
    deceiving article.

    Neo con compassionate conservatives, HAaaaaaahaaaaaaaaa

    This 60 something hasn't been able to afford health care
    for 6 years. And that McCain $5,000 tax thing? Well, I
    don't pay that much in taxes.

    Go to Obama's "how much tax you will save calculator"
    for the truth:

    http://taxcut.barackobama.com/

    It's easy to use. I will save $500 in taxes. Yippeeee

    Posted by: VoiceofReason | October 14, 2008 8:53 PM

    How about we all give ourselves a tax cut and not pay our income tax until the middle class is restored.

    Posted by: Dipsy | October 14, 2008 8:52 PM

    Good to see both camps pick up the others good ideas. McCain is right on forced selling at 70, and Obama is right about not taxing unemployment. Hopefully they will do more of the same. They both are for reducing capital gains on small business, both for helping them get medical insurance in different ways, McCain has his $5000 tax credit per family, while Obama has his costly but effective 50% tax credit on medical coverage. McCain's plan will also turn to being more costly when business takes millions off medical coverage losing the deduction, losing the tax base and people paying higher taxes which for the covered means less money unless you have out of pocket medical expenses greater than the increased tax. Most small businesses have trusted, liked/loved employees that they would be happy to cover if they can afford the cost. The spending freeze is nonsense, the economy needs to employ people to stop the further losses coming in housing. 20% more subprime will reset Dec. Jan. Feb., and this economy is not ready for it.

    Posted by: jameschirico | October 14, 2008 8:49 PM


    Like the 96 year old woman who shot herself the other
    day before being evicted on her forclosed home?

    McCain would promise to clean toilets for a vote
    these days.

    I am not fooled. The neo cons had their chance.

    And blew it!

    Posted by: VoiceofReason | October 14, 2008 8:48 PM

    John McCain lost my vote long ago. The man we thought he was is nothing but a sham.

    Posted by: justjunkemail | October 14, 2008 8:47 PM

    The McCain health plan would treat employer-paid health benefits as income that employees would have to pay taxes on.

    It means your employer is going to have to make an estimate on how much the employer is paying for health insurance on your behalf, and you are going to have to pay taxes on that money,” said Sherry Glied, an economist who chairs the Department of Health Policy and Management at Columbia University’s Mailman School of Public Health.

    Ms. Glied is one of the four scholars who have just completed an independent joint study of the plan. Their findings are being published on the Web site of the policy journal, Health Affairs.

    Under the McCain the McCain-Palin plan employees who continue to receive employer-paid health benefits would look at their pay stubs each week or each month and find that additional money had been withheld to cover the taxes on the value of their benefits.

    http://www.youtube.com/watch?v=Qv-xvoZ_E2Y

    Posted by: WVUWEIRTON | October 14, 2008 8:34 PM

    His mortgage proposals have already been enacted (in the Hope for Homeowners law passed two months ago, back when McCain was in the middle of his 110 straight missed votes.

    His FDIC insurance proposal for all savings was announced by Bush YESTERDAY.

    The 10 percent retiremet tax proposal is interesting til you realize that it's only taxed at 15 percent now, so Obama's proposal is actually saving seniors more money.

    Worst of all, the capital gains cut will help people like McCain's multi-millionaire wife, but not the ordinary folks.

    Again, McCain shows how out of touch he really isn.

    Posted by: chi-town | October 14, 2008 8:22 PM

    Not impressed. How many seniors own stock? This may shock some of you, but it's relatively rare. And those who do probably aren't hurting nearly as much as those on fixed incomes, or even the working poor. And yes, seniors work. A lot of them.

    Posted by: Mara_Seaforest | October 14, 2008 8:21 PM

    It's so boring reading propaganda. I only visit this online rag to read the comments and watch people pick apart the huge holes in the stories that the Post publishes. And to think this was once a respected paper. I get my news on sites like TPM Muckraker and from great writers like Scott Horton at Harper’s No Comment.

    Posted by: Perry3 | October 14, 2008 8:20 PM

    So tx cuts for high income (white) senior citizens. Could it be -- gasp --- another gimmick? mckane has been one gimmick after the next. How can anyone take him seriously at this point?

    Posted by: John1263 | October 14, 2008 8:19 PM

    Your headline says: "McCain plan would help seniors..."
    It WOULD - That's a FACT?
    Or : McCain SAYS it would?
    There's a difference.
    BUT A PROPAGANDA TRUMPET WOULDN'T MAKE THE DISTINCTION and a STUPID VOTER wouldn't pick up on it.

    Posted by: Tomcat3 | October 14, 2008 8:10 PM

    America is probably headed towards the European example of socialized democracy. But, that is probably a good thing. These countries have a bigger middle class and fewer people who are extremely wealthy or extremely poor. Wealth is more evenly distributed then in America. They also have much lower defense spending and are less inclined to blow their national treasure on feckless adventures like Iraq. Generally, they have a higher life expectancy then America and the people living in these countries are generally happier. Longer vacations and more free time. Does it work? Germany continues to be the powerhouse of Europe and their economies are doing just fine. Looks like America will be joining the fray soon.

    Posted by: magnifco1000 | October 14, 2008 8:10 PM

    "I will help to create jobs for Americans in the most effective way a president can do this -- with tax cuts that are directed specifically to create jobs and protect your life savings," McCain said to a crowd of about 1,000 people at the Montgomery County Community College.
    ------
    I think America really needs an infusion of fresh ideas. The old school economic ideas are not working anymore.

    George W. Bush gave us so many tax cuts and look where we are now - in the economic recessionary hole, millions of job losses.

    What else George W. Bush gave us - Last night I am sitting at a restaurant with an old flame. To my surprise the dark Asian in the booth next to us is discussing my companion's recent purchase of Viag-a. You simply cannot imagine the embarrassment and humiliation we suffered.

    Thanks to George W. Bush's policies to outsource data centers to Asia, now every Asian in town knows my penchant for vibrat-rs.

    Posted by: dove_ | October 14, 2008 8:06 PM

    I think America really needs an infusion of fresh ideas. The old school economic ideas are not working anymore.

    George W. Bush gave us so many tax cuts and look where we are now - in the economic recessionary hole, millions of job losses.

    What else George W. Bush gave us - Last night I am sitting at a restaurant with an old flame. To my surprise the dark Asian in the booth next to us is discussing my companion's recent purchase of Viag-a. You simply cannot imagine the embarrassment and humiliation we suffered.

    Thanks to George W. Bush's policies to outsource data centers to Asia, now every Asian in town knows my penchant for vibrat-rs.

    Posted by: dove_ | October 14, 2008 8:06 PM

    Sorry Last Sentence in my last post is:

    Republicans would find themselves opposing a lot of these measures. Australia has regulation in place which is why it is operating from a comparable position of financial strength.

    Posted by: guytaur1 | October 14, 2008 7:59 PM

    predictably, mccain's tax plan is predictably right out of the republican box and does nothing for people at the lower end of the income scale. all of his proposals, save one, which requires one to lose his job, are for people with disposable income. a worker can contribute to a 401k or ira, if they are available to him, only if he has disposable income he is willing to put away. the other cuts favor investors, obviously people at the upper end of the income scale with even more disposable income. the only gift to the people on the lower end of the income scale is making unemployment checks untaxable for a while, but you get an unemployment check only after you have lost your job. as www.straightforward.com says, we have a chance to use the financial meltdown which is requiring the government to think outside the box for once to think some more outside the box and reset this country to a real democracy, one that governs with the common weal at its core.

    Posted by: rapswork | October 14, 2008 7:57 PM

    Senator McCain suffers on the Economic Front as he repersents the party of Deregulation. The thing that caused the mess in the first place.

    He has no plans for proper Infrastructure spending. That is too "socialist". Never mind it is the only way to get out of a depression.

    No proposals here to look at regulating Finance Markets.

    Look to Australia to see what to do. They are Number Two on list of Stable Economies according to the International Monetary Fund. They are also number one on the prosperity index that came out yesterday. The United States is Fourth.

    Australia is spending half of its surplus to stimulate the Economy. AU$ 1,400 To Single Pensioners, AU$2100 to Couples. AU $21,000 addition to First Home Buyers Grant if purchasing a New Home.

    Bringing Forward the AU$20 Billion Infrastructure Progamme. This is Rail, Ports and Road.

    A specific provision that no Taxpayers dollars are to go to
    a company that has "Bonus Payments" for CEO's

    This in a country that the World does not regard as Socialist.

    Republicans would find themselves

    Posted by: guytaur1 | October 14, 2008 7:56 PM

    "Kill him" was shouted again at a McCain rally in Pennsylvania on Tuesday.

    Boy, those McCain supporters need to attend some anger management classes and get some medications -- along with John McCain.

    Read the Scranton Times newspaper story on the latest disgusting outburst at:

    http://www.scrantontimes.com/articles/2008/10/14/news/doc48f4ba8994588930223377.txt

    Posted by: mykolas1 | October 14, 2008 7:40 PM

    Yes, another attempt to halt the federal gas tax is akin to McCain's new roll-out. I have seen a capital gain on my mutual funds only once or twice in the last eight years. When Clinton was in office, I would see dividends and capital gains each year. McCain has no clue what to do.

    So Obama would like to use the $52 billion to provide good-paying jobs that would help to rebuild our infrastructure and start the task of prividing green jobs. I prefer things to be done for my tax dollars than to have minimal tax breaks. I say that it is better to hire the unemployed than to give me another tax break.

    And to think that with McCain's tax breaks he plans to balance the budget in 4 years. Give me a break. Obama's tax breaks target the middleclass and return part of a justified tax burden back to the filthy rich.

    Posted by: EarlC | October 14, 2008 7:38 PM

    McCain's plan sounds promising. One of the positives that have come out of this economic crisis is that new ideas that haven't been able to find the light of day in either party are now coming to the surface and hopefully will be vigorously debated and the best will be implemented.

    Obama's socialist "economic justice" paradigm will not create jobs because his proposals punish small businesses and entrepreneurs in favor of retribution and reparations in payments for perceived inequities at the hands of the free market system which he calls "spreading the wealth around."


    Mugabe tried that in Zimbabwe and it hasn't worked too well. Zimbabwe's inflation rate is 18,000 percent.

    Posted by: msmithnv | October 14, 2008 7:34 PM

    Even on the news clips the enormity of McCain's problem with the economy is obvious. As you watch a clip of McCain suggesting a risk in electing Obama and another short clip of Obama, it is obvious where the risk lies. If we were talking about national security issues, McCain's approach might have a chance. But it is very obvious even in the short clips that there is much more potential to deal with the very difficult economic problems with Obama.

    Posted by: dnjake | October 14, 2008 7:32 PM


    hey john mccain?

    us financial people are having a meeting about what to do about the current economic crisis and we don't really have time to read your plan, bless your heart.. but since you drove all the way over here, would you mind going down the street and buying us some chips and soda pops?

    thanks john!

    oh yea.. cindy can stay with us while you are gone. if you need help carrying stuff, you can take the moose lady.

    oh john.. i almost forgot.. we ordered a five foot sub sandwhich too.. can you? thanks.. you're a real bro john... and oh man. my dry cleaning.. they close at 5:00... you're the man!

    what would we ever do without you john!

    Posted by: FozzieBear | October 14, 2008 7:22 PM

    WHAT IS ALASKA’S REAL VIEW OF PALIN @ TROOPERGATE

    http://www.adn.com/opinion/view/story/555236.html

    Posted by: WVUWEIRTON | October 14, 2008 7:19 PM

    So now, three weeks before the election, and lagging in the polls, we're supposed to see Mc Cain's new plan as a genuine heartfelt concern for working Americans?

    No thanks. The GOP has been picking the middle class' pocket for decades, and telling them that tax breaks for big oil and big business will "trickle down" to them (while raking in all those grateful corporate political contributions).

    Did Phil Gramm, Mc Cain's chief financial advisor and one of the architects of the collapse of the credit market, help him on this? LOL!

    Posted by: losthorizon10 | October 14, 2008 7:10 PM

    Great - more tax cuts when the government already doesn't have the money. I may be socially liberal, but I'm fiscally conservative and the thought of tax cuts being the be all and end all just doesn't sound right to me. I know the government will run deficits for the next few years - we don't have a choice at this point - but to add to that number is just irresponsible. I like some of what McCain says - like allowing people to delay taking money from IRAs, but the tax cuts ... sounds a lot like George W. Bush to me. Tax cuts are not the answer to every problem. If you want to leave the next generation something, lets try paying for what we spend instead of borrowing more money ... that's how we (collectively, average Americans are responsible for borrowing more than they can afford also) got into this mess in the first place.

    Posted by: puppiesandkitties | October 14, 2008 7:09 PM

    Hey John, I have a plan that will benefit everyone. Put Sarah, Todd, and the rest of the clan on a fast train back to Alaska. I hope whoever talked you into that pick is long gone from your campaign team. It doesn't matter what plans, ideas, programs, or experience you ramble on about. The election was over when you actually thought Sarah Palin was qualified to be in the White House. It's indefensible. Thanks, and have a nice day.

    Posted by: bretb | October 14, 2008 6:55 PM

    Senator McCain's economic proposal is anything but! It is, like his proposal to suspend the gas tax last summer, pure pandering for votes. Senator McCain has a very superficial understanding of the complexity of the economic problems facing this nation and many other countries. His call for yet another tax reduction is nothing more than applying band-aids to a bleeding femoral artery. Senator McCain appears as rather pathetic, as he rushes for hither to you, trying to prove his relevancy. Unfortunately, neither the Senator nor his economic policies are either relevant or wise.

    Posted by: marmac5 | October 14, 2008 6:46 PM

    The head of McCain's transition team lobbied ON BEHALF OF Saddam Hussein:

    http://www.huffingtonpost.com/2008/10/14/mccain-transition-chief-a_n_134595.html

    McCain keeps pointing the finger at Obama's remote associations, with the help of a cooperative mainstream media. However, there is very little in the MSM about McCain's present-day associations since Obama isn't emphasizing them and the MSM doesn't do investigative reporting any longer.

    Posted by: bamccampbell | October 14, 2008 6:39 PM

    $52 billion in tax breaks? Wow, they've already promised the banks TWENTY times that much.

    Posted by: kevrobb | October 14, 2008 6:35 PM

    McCain please come up with a better plan, because this one is stinks of political expediency.

    This year's $454 billion budget deficit is double that of last year. Next year the anticipation is another huge increase in budget deficit from current levels.

    Though, I agree with McCain idea on tax cut to help out seniors, I must say the only way to keep government working in future would be to print more money.

    Posted by: dove_ | October 14, 2008 6:33 PM

    How imaginative; to solve the economy's problems McCain offers - drum roll please - tax cuts. The Republican solution for any problem is always tax cuts - talk about out of ideas. Are there any thinking people left in the Republican party?

    Posted by: wmw4 | October 14, 2008 6:09 PM

    There are three problems with McCain's plan. First, having passed a very large recovery package, we need to move deliberately and carefully, so as not to cause further problems. It is the demon of unanticipated consequences that haunts McCain's plan. Second, additional recovery measures should be amended to the existing recovery legislation, so as not to run the deficit up any further. If there is anything worse than 'tax and spend', it is 'no tax and spend.'

    Third, the spectre of Sarah Palin being allowed anywhere near our economic problems is too frightening to bear.

    Posted by: AKwatchman | October 14, 2008 6:03 PM


    hey john... it looks like your political career isn't going so hot.. you are always a day late and a dollar short.

    maybe you and cindy ought to consider a stand up comedy routine...

    cindy can stand behind you like she always does,and pull up your pants when they fall down as you are pulling bunnies and sh*t out of hats.

    what do you think?

    do you like pulling bunnies out of hats? just don't show those bunnies to sarah.. she'll skin em with her bare hands before she tears into their soft flesh with her vampire incisors..

    Posted by: FozzieBear | October 14, 2008 6:00 PM


    john mccain... the bus left 30 minutes ago!

    aren't you a little late with that big "economic plan" that will SAVE the world???

    LOL

    oh.. but you might be waiting for the SHORT BUS.

    if that's the case.. your bus is still on schedule. that one's on schedule. just have the proper change john.. and you wore clean underwear today, right john?

    good boy!

    i just don't know what we're going to do after nov 4th.. you are soooo entertaining!

    Posted by: FozzieBear | October 14, 2008 5:55 PM

    Guys, I really envy your dilemma: Another gun-toting, scantily illustrated, less-than-wordly, "nukelar"-pronouncing GOP ticket, or a purportedly black-favoring, arab-favoring, muslim-favoring Dem ticket? Stop the fear-mongering and the unhealthy passion.

    Posted by: j_observer | October 14, 2008 5:47 PM

    I don't see how this proposal will do much to help the current economic crisis. It may do something for seniors who are close to retirement. But... if he's a good, market oriented Republican, why doesn't he want them to work longer to make up for the market shortfall? And the stock losses: doesn't that just reward risky behavior? If these doofus' had kept their money in the market, they would not be declaring a loss.

    I'm sorry, but all these ideas scare the heck out of me. For years, the stock market has been touted as a panacea, and now it's true: if enough people panic and lose money, the government will step in and save them from themselves.

    McCain's proposal to reform Social Security by adding private accounts will result in the taxpayer covering any losses. His "plan" to reform Social Security is an astonishingly bad idea.

    I love these day-before-the-debate ideas: what you don't think we're paying attention? McCain has a new -- bad -- idea on the crisis every 36 hours. So much for steady leadership. The guy scares me.

    By the way, the bigots and paranoids on the campaign pages are scary. Watching them defend McCain's ideas (or behavior) by attacking Obama is something like watching "Nightmare on Elm Street". Only it's for real.

    Posted by: dpc2003 | October 14, 2008 5:45 PM

    George HW Bush said it best when contesting for the Republican nomination against Reagan -- voodoo economics.

    Posted by: grclarkdc1 | October 14, 2008 5:39 PM

    Yet another drooling Obamite writes: "Lowering the cap gains tax is not a smart idea and will provide precious little relief to the middle class"

    I guess somebody forgot to send out the message that Obama has now started saying that he wanted to lower the capital gains taxes for some people. I guess, according to this idiot Obamite, Obamas lowering of the cap gains tax is not a smart idea and will provide precious little relief to the middle class. Quoting his own words (only with less drool).

    Posted by: KMichaels | October 14, 2008 5:37 PM

    Lowering the cap gains tax is not a smart idea and will provide precious little relief to the middle class. Oh, but gosh darn it, McSame doesn't really care about the middle class, those of us making under $5 mil.

    Posted by: AbolhassanBaniSadr | October 14, 2008 5:35 PM

    This is yet another example of classic Obamite stupidity in action:

    "McCain needs to shut the f up. Every time he starts in with his take on the economy the stock market goes down."

    Apparently, this Obamite, routinely drunk and out of work, wants to blame McCain for every up and down movement of the stock market. Since the stock markety went up and down thousands of times today alone, I suppose that means that McCain was speaking, then not speaking a thousand different times.

    Yes, Obamites really are as stupid as that. They are braindead overly emotional basket cases.

    Posted by: KMichaels | October 14, 2008 5:35 PM

    Idiot Obamite writes that because of the relationship to GDP and tax revenue we have more debt. Hmmm, I thought debt had to do with government spending compared to tax revenue. While GDP does use government spending in its calculation it is not a result of government spending. It is a number calculated after the fact, so to speak.

    The key component of GDP is products produced by American companies.

    We have to look at cause and effect here, not play some childish numbers game.

    One cause of higher tax revenue is more moneyflow. And one cause of more moneyflow is more tax breaks.

    As to our current national debt of 10 trillion, if not for DEMOCRATIC government handouts it would have been paid off no less than TEN TIMES OVER.

    You want less debt? Then quit begging for more handouts paid for by your harder smarter working neighbor.

    Posted by: KMichaels | October 14, 2008 5:31 PM

    Ooh, temper, temper Mad McCainite. Just because your blogging job with the McCain campaign will end soon, doesn't mean your situation is hopeless. Maybe one of those now unemployed CEOs (try RBS's defunct-but-rich CEO will do) will hire you as a go-fer. But not if you continue to display abusive tendencies as we see here.

    And some of your comments don't even make sense. Get a grip.

    Posted by: karmoo | October 14, 2008 5:23 PM

    McCain needs to shut the f up. Every time he starts in with his take on the economy the stock market goes down. He does not have a handle on economics of this country.

    I am sick of his lame stupid prospective on what this country needs.

    Posted by: msreginacomcastnet | October 14, 2008 5:19 PM

    Idiot Obamite moans: "Today again, someone shouted "Kill him" about Obama at a Republican rally. Sarah Palin said nothing."

    You mean with 20,000 people at a rally Sarah is supposed to hear every word that every person is shouting.

    I suppose Obama got right on all the people in his crowd calling Sarah a b-tch, and worse, right?

    Apparently the damned idiot Obamites not only want to blame the government because the Obamite was so stupid as to get into a variable rate interest only loan but now a candidate is responsible for everything that every person at a rally says.

    I can see it now. Obama stops the audience as says hey, you in the last row, stop calling Sarah Palin a b-tch. She is a decent person. Then when half of the audience disagrees with his last statement he will right down all their names and send them a letter asking them to tone it down.

    You Obamites really are remarkably retarded.

    Posted by: KMichaels | October 14, 2008 5:18 PM

    Contrary to forecasts of revenue decline, federal revenues overall and from the capital gains tax increased in the four years since the investment tax cuts. Total federal revenues increased $740 billion (2003-07), and capital gains tax revenues increased from $55 billion the year before the tax cut (2002) to an estimated $110 billion in 2006 (all figures adjusted for inflation to constant 2006 dollars).

    Posted by: mag1

    Problem is that Federal Revenue as a percent of GDP declined by 2.1%. That means that the Treasury was getting fewer dollars in per dollar generated. If your household income rises, but it doesn't rise as much as inflation, do you have more money? The answer is that you have more dollars, but they purchase less. When the economy grows 3%, but the dollars coming into the treasury only grow by 1%, that is not a good thing. Combined with an increased spending of 1.9% of GDP, you get a deficit of 4.2% of GDP. And that is why we now owe over $10T.

    Posted by: vmi98mom | October 14, 2008 5:13 PM

    Drooling Obamite writes: "The current crisis is attributable not only to predator creditors but to gullible and greedy investors who thought they would make the deal of the century with inflated housing prices."

    What about all the Americans that were warned not to get tied up in variable rate loans? Dont those bozos deserve at least some of the blame?

    How about Fannie Mae reporting that blacks are 300 percent more likely to default on their loans? Perhaps the Democrats were not too helpful in pushing all those subprime loans on the minorities with promises of easy living and more of somebody elses tax money?

    How about you shove your damned Barney Franks, Dodds, Pelosi and Obama BS socialism right up your behinds. Because it did not help anything. But it did hurt everything.

    Posted by: KMichaels | October 14, 2008 5:12 PM

    I would like to see an idiot Obamite go knock on his more wealthy neighbors door and demand more of his money since it is only fair and patriotic to spread the wealth. Then I would like to see the video of that same stupid Obamite running for cover as he gets his stupid arse filled with buckshot.

    Posted by: KMichaels | October 14, 2008 5:08 PM

    "Because 751 Respondents, all of whom make millions of dollars represent what's in MY best interest? Yeah, right. Based on the way our economy has gone and the refusal to increase taxes on the highest bracket (therefore providing the government with more revenue so we could reduce our debt with countries like, oh I don't know, CHINA), I'd prefer to do exactly opposite of what these guys said. Not to mention the baited polling questions ("Which candidate do you fear most?"). No, these guys have taken us for a ride and their capital gains are not taxed like their income. It's time we show the CEO's who we are."

    I find this particularly funny. Don't care what they have to say? Um they employ you and given the option of raising their own salary to offset the higher tax they will pay and continuing to employ you will be an easy decision for them. Please do, go show them who you are though, rise up against that evil CEO, you people are rediculous. Not every company has a CEO making millions of dollars. Corporate America is far from perfect, but it's also not some establishment that the little guy is going to bring to its knees by electing Obama (I hope). If you manage to bring Corporate America down as many of you nutcases would like to do, we're all seriously screwed.

    For those who say Obama is more for the middle class than McCain, you're completely fooling yourself. If you look at both tax plans, each of them is giving the true middle class roughly the same amount of money. $200/yr will make 0 difference to anyone truly in the middle class. Do keep in mind that middle class in the hills of Kentucky is not the same as middle class in Manhattan. 200k in Manhattan is the same as 100k in Chicago if you adjust for cost of living. I doubt anyone in Chicago making 100k feels rich, just like those in Manhattan sure don't feel rich at 200k - 250k.

    Posted by: rsix35 | October 14, 2008 5:07 PM

    McCain seems to be MIA on some of his economic proposals: buy mortgages at CURRENT VALUE? The current crisis is attributable not only to predator creditors but to gullible and greedy investors who thought they would make the deal of the century with inflated housing prices. It may not be politically correct to blame citizens, but its the truth. By the way, senator, don´t commit to restoring government as we knew it. This may take longer than expected- in fact, it may never happen. Any patient who survives intensive care after severe illness can attest that his life is forever altered, maybe even for the better.

    Posted by: j_observer | October 14, 2008 5:06 PM

    Drooling leftist Obamite writes: "The McCain plan offers more help to those who need it less"

    You forgot that McCains plan ALSO HELPS those that need it more.

    You see, dimwitted Obamites, a fair tax plan helps all taxpayers, as it should.

    Your Obamite tax plan is what most people call SOCIALISM. Socialism has its sense of fairness too though. With socialism, eventually everyone will be poor.

    Posted by: KMichaels | October 14, 2008 5:06 PM

    Today again, someone shouted "Kill him" about Obama at a Republican rally. Sarah Palin said nothing. When a genuine American hero, John Lewis, spoke the truth about the ugly racism spewing forth at the Republican rallies, John McCain was quick to issue a fiercely worded denunciation. Yet McCain is unable to speak out equally strongly against the people at these rallies who shout threats against Obama.

    I can only conclude that McCain is aroused by the bile, rancor, and violent language that he has stirred up. He and Palin are stimulated to new rhetorical heights by the passions of their followers and feel encouraged to go on with this vile and disturbed campaign. These two are dangerous and ambitious people who have been given a national megaphone by the Republican party. They should be condemned to the scrap heap of history by the American public as the anti-patriots that they are.

    It is not free speech to cry "fire" in a crowded theater and it is not free speech to threaten to kill a candidate for president of the United States. This, my friends, is un-American behavior and should be condemned as such.

    Posted by: dee5 | October 14, 2008 5:06 PM

    Obamites are certain that because a friend of a friend of a cousin of a coworker of a lobbyist worked for some small effort that may have helped Saddam Hussien must have the same impact as Obama working directly with known terrorist Ayers for 13 years. And I am sure that it compares to Obama listening to anti-American anti-White hate speech for 20 years. Yes they must be identical in nature.

    And Obama being on the roles of DEMOCRATIC SOCIALISTS of AMERICA and NEW PARTY (another self-declared socialist party) is the same as McCain since McCain once knew a socialist.

    Obamites have no problem making themselves look like ignorant jackarses.

    Posted by: KMichaels | October 14, 2008 5:03 PM

    The McCain plan offers more help to those who need it less: those who are in a higher tax bracket than 10%, specifically. The higher your income, the more you benefit from the 10% limit on IRA withdrawals. Taxing capital gains even less (these already have preferred tax treatment!) won't benefit anyone but the more fortunate, also.

    Unfortunately, McCain still doesn't get it. The average single or married household with only one income will still not benefit much from his proposals.

    Hey -- Sen McCain -- we're hurting out here, in jobless/underemployed/soon to retire land, even if we're under 59 and 1/2.

    Sen Obama sees it, why don't you??? You are self destructing!

    Posted by: karmoo | October 14, 2008 5:00 PM

    Finally an economic proposal one year into the campaign, he has either been holding on to this plan, or he just came up with it.

    Faintly reminiscent of the plan to invade Iraq, so if he put as much time and energy into this plan as he does for tax cuts to the wealthy I might believe him.

    As for capital gains tax cuts...really?
    The only ones eligible for this plan are once again, you guessed it, those same people who got a $950 billion WELfARE CHECK(S), seems like their ROSE will never wither, if the bush twins have their way

    I have a general question, so please respond.
    Who in your opinion, will benefit the most
    from this institutional blood bath inflicted on the American tax payers.
    A. The wealthy?
    B. The middle class?
    C. The lower middle class?
    D. The poor?

    Given the choices above, who will bear most of the burden?

    Posted by: victorlove1 | October 14, 2008 4:58 PM

    Palin released her tax returns last week, which revealed that she and her husband underpaid their estimated taxes with an April extension and likely will owe interest. The per diem payments were not included as income in those returns.A spokeswoman for Palin did not immediately return a telephone call or e-mail. However, the Palins had asked Washington, D.C., lawyer Roger Olsen to review their tax returns before they made them public last week. Olsen, who worked in the Reagan administration's Department of Justice's tax division as an assistant attorney general, wrote that Palin's per diem payments were considered properly as reimbursements that should not be taxed because the state considered Juneau to be her place of business."No special consideration was ever given to Governor Palin, notwithstanding that she was the governor of Alaska," Olsen wrote in a three-page letter outlining his review of the family's tax returns. Per diem is not income pay? I want my money back from the IRS.

    Posted by: MILLER123 | October 14, 2008 4:57 PM

    Idiot Obamite drools: "McCain's significant problem:
    He doesn't begin to explain how he will pay for this and just what all these campaign promises would do to help the ailing economy."

    Actually, McCain has repeatedly stated that tax breaks pay for themselves by increased moneyflow and more tax money in turn flowing into the treasury. This is a proven fact that it works.

    I suppose drooling idiot Obamites are unfamiliar with a growing economy means more tax revenue. And that tax breaks helps and economy to grow. But heck, Obamites aint exactly smart now, are they.

    Case in point, Howard Sterns sent a reporter to Harlem to ask who they were voting for. But he played a small trick. The reporter was instructed to present nothing but McCain policies but call them Obama policies and see what the response would be. Sure enough, as predicted, they all were voting for Obama and they loved his policies (even though they were all McCain policies). Some of these brilliant Obamites were even ok with Obama choosing Sarah Palin as his VP. They were sure that she would do a good job. Well, at least they were smart enough to call Sarah a she. The fact that they thought Obama actually asked Sarah Palin to be his VP is something else altogether. And these are the types of dopes supporting Obama. Sheesh, God Bless America, we can sure use it.

    Posted by: KMichaels | October 14, 2008 4:56 PM

    McCain has terrorist supporter on his team!!!

    Remember the name:

    William Timmons

    Posted by: thenotoriousflavio | October 14, 2008 4:56 PM


    mrn7446 said:

    "..6 point lead is nothing, definately Race issue is going to come up and hit obama hard finally when its time to vote.."

    Diiing! Another smart American (albeit illiterate). Third one today!

    Posted by: VMR1 | October 14, 2008 4:56 PM

    John McCain's campaign has terminal cancer. He is doomed.

    Posted by: euroguy | October 14, 2008 4:55 PM

    Palin released her tax returns last week, which revealed that she and her husband underpaid their estimated taxes with an April extension and likely will owe interest. The per diem payments were not included as income in those returns.A spokeswoman for Palin did not immediately return a telephone call or e-mail. However, the Palins had asked Washington, D.C., lawyer Roger Olsen to review their tax returns before they made them public last week. Olsen, who worked in the Reagan administration's Department of Justice's tax division as an assistant attorney general, wrote that Palin's per diem payments were considered properly as reimbursements that should not be taxed because the state considered Juneau to be her place of business."No special consideration was ever given to Governor Palin, notwithstanding that she was the governor of Alaska," Olsen wrote in a three-page letter outlining his review of the family's tax returns. Per diem is not income pay? I want my money back from the IRS.

    Posted by: MILLER123 | October 14, 2008 4:55 PM

    McCain's proposal to buy up the mortgages is a bad idea because its never good to buy high and sell low. He wants to buy up the mortgages at their current overblown prices and give the homeowner a cheaper mortgage. Needs a better grasp of ECO 101.

    As far as jobs overseas, I get so tired of hearing people complain about Made in China. It was LOVE of capitalism that created this scenario. It is much cheaper to produce in other countries. From labor on up. And of course as BIG BUSINESS has proven time and again. Its about the bottom line - Not you!! But don't worry. We will begin to move away from China soon. China has begun to realize that they don't need to meet our ridiculous demands of everything for next to nothing. Companies are looking at Vietnam to build factories. Sorry, no one is really interested in coming back to the US where they have to pay decent wages and benefits which cut into profits. But keep blaming foreigners for American capitalistic greed. Too much of ANYTHING is bad for you - including capitalism.

    Posted by: 1freethinker1 | October 14, 2008 4:55 PM

    To all of you hearlding McCain's tax cuts as the work of an economic savior, WHERE HAVE YOU BEEN FOR THE LAST 8 YEARS?

    We as a nation have seen the greatest redistribution of wealth, the greatest disparity between the top and the rest of us EVER!. This is a very large part of what got us where we are now - in the economic crapper!

    It's time to correct the egregious misuse of power of Bush, McCain, etal.

    It's time for Obama!

    Posted by: Americanwoman4 | October 14, 2008 4:53 PM

    cricket35

    "The cronies on Wall Street and Corporate America have robbed the hardworking, average American for the last 8 years"

    It is YOU who robbed yourself by voting for the wrong party. And that's after many years of Clinton prosperity? Blame only yourself.
    And try to pull your head out of your tush next time.

    Posted by: VMR1 | October 14, 2008 4:52 PM

    VAFormerGOP (in actually VACURRENTOBAMALAPDOGGERDEMOCRATFORLIFE) writes that he does not want to be a Republican anymore because they are no longer conservative so he is opting for the most liberal socialist on the planet. Yeah, now there is some real credible logic for you. Even if McCain is less than the best conservative he is obviously 100 times better than that jackarse liberal marxist Obama that has proven his socialist bent and higher taxes on everything under the sun.

    Posted by: KMichaels | October 14, 2008 4:51 PM

    mag1,
    Beautifully said in a Cheech & Chong kinda way, stoned out of one's mind.

    ...Imagine there's no heaven, it isn't hard to do....

    Posted by: VMR1 | October 14, 2008 4:49 PM

    McCain's significant problem:
    He doesn't begin to explain how he will pay for this and just what all these campaign promises would do to help the ailing economy.
    They're just fairy-tales, with no basis in reality.
    If he tries to honor them, he will further destabilize our fragile economic situation.
    Sad.

    Posted by: Judy-in-TX | October 14, 2008 4:49 PM

    As a registerd independent, I voted for a straight Republican ticket in the last 2 elections, only to find that Republicans sit back and let jobs go over to India and China. The cronies on Wall Street and Corporate America have robbed the hardworking, average American for the last 8 years and I've had enough of it. We've learned that Republicans are only looking out for the wealthy. They've hijacked the White House and given us a war that has killed thousands of innocent people. McCain has not been the type of leader he wants everyone to think he is. In fact, he's demonstrated very little leadership since the stock market melt down and waits to promote his economic plans only after Obama states his. That's not leadership; that's cowardice.

    Posted by: cricket35 | October 14, 2008 4:47 PM

    Yeah, it's gotta be about job creation, as Sarah Palin famously said. Lower the taxes and the rich will create for us lots of jobs...at McDonald's and Target.
    What else don't you understand about trickle down?

    We sent them money in a steady, gurgling stream and get back drops of it trickling down off the master's table.

    In the immortal words of Dear Sarah, thanks but no thanks. Been dere done dat.
    Yabetcha!

    This time we need to take them by the throat and shake it out of them

    Posted by: VMR1 | October 14, 2008 4:46 PM

    The McCain tax plan has always been a fair one. One that gave all people tax breaks in order to help the economy for everyone.

    The Obama tax plan has always been unfair for the majority of workers. Democrats have to sit down and agonize over their tax plans much more. McCains is simple, tax breaks for all tax payers. Democrats tax plans much more difficult. Here is how they start. Let's see, if we offer these tax breaks to the poor we can buy this many votes but if we make the taxes too high for too many workers then we will lose their votes. So what is that magic number Obama? You know, the tax plan from THE ONE that will buy you the most votes?

    Posted by: KMichaels | October 14, 2008 4:45 PM

    VMR1 said,

    "Why won't we get a national divorce? The ideological chasm in America is unbridgeable."

    My father came from a wealthy Southern family and my mother came from a blue-collar Northern family. I am a child of the eighties. I was both a debutante and a pre-Goth Cure fan. I listen to both alternative music and country music.

    The point is, what we need is not a national divorce. What we need is a little "peace love and understanding" on a personal and cultural level. We need to recognize and appreciate both sides of ourselves.

    Posted by: mag1 | October 14, 2008 4:43 PM

    "McCain simply can not resist giving excessive tax breaks for those who have profited disproportionately during the Bush years."

    These people that have disproportionately profited pay higher taxes than you idiot Obamites ever will.

    McCain tax plan is more than fair. His plan still includes higher tax rates for the rich, which personally is not fair, since 10% of a million in taxes is already substantially higher than 10% of 50,000.

    Only a truely selfish socialist insists on more of somebody elses money.

    In the early days of the USA (up to 1913) the federal government taxed the US citizens in each state based on numbers of citizens. There was no variable tax rate because the founding fathers believed in flat taxes for everyone.

    When socialist Democrats pushed for a change in the US constitution that allowed variable tax rates they knew exactly what they were doing. Oh yeah, get this, they promised that the tax rates would never be above 1 percent to the middle class and above 3 percent to the rich. Just multiply those numbers by 10 and you will get the current tax rate. Multiply those numbers by 20 and you will get the future Obama tax rates.

    Posted by: KMichaels | October 14, 2008 4:43 PM

    I can't believe that socialist, big government fanatic is at it again. Can't he ever keep his hand out of my wallet?

    Oh, that was Senator McCain's proposal? Uh, let's get back to Ayers...

    Posted by: amaikovich | October 14, 2008 4:41 PM

    Quoting Ronald Reagan, he added, “I haven’t left the Republican Party. It left me.”

    True Republicans should rise-up and reclaiming our party back from neo-cons and incompetent closet racists that hijacked it. Republicans need to go back to our roots and shed off the leaches.


    As the Conservatives betrayed my trust, I am voting for change and my country first TRULY—OBAMA/BIDEN 08!
    Quoting Ronald Reagan, he added, “I haven’t left the Republican Party. It left me.”

    True Republicans should rise-up and reclaiming our party back from neo-cons and incompetent closet racists that hijacked it. Republicans need to go back to our roots and shed off the leaches.


    As the Conservatives betrayed my trust, I am voting for change and my country first TRULY—OBAMA/BIDEN 08!

    Bye Bye McCain===>>>>

    Posted by: VAFormerGOP | October 14, 2008 4:39 PM

    McCain offers a new stunt at the start of every week, but by the end of the week it has backfired! Lets see if this one makes it through Friday.

    Posted by: PA_DC | October 14, 2008 4:37 PM

    Why won't we get a national divorce?
    The ideological chasm in America is unbridgeable. The Civil War never ended for many, it looks like. I, for example, don't want to live in a country full of under-educated Joe Sixpacks, armed to the teeth
    believing in salvation through Jesus and the state lottery.

    Likewise, Joe Sixpacks obviously don't want to share their beloved country with
    weird pinkos like myself who rides a bicycle to get some cat food two miles away instead of a Denali (who makes that ugly vehicle anyway?), and who prefers to spend Sunday afternoons reading a Cortazar novel while munching on a piece of nori, instead of watching football on TV.

    I think we should start good faith negotiations about splitting the country into two friendly but very separate North American entities.

    Posted by: VMR1 | October 14, 2008 4:36 PM

    maq1,
    Actually Mc Cain just opened the door for you too to have multiple houses and a legacy.

    This is a great move to put the standard of capitalism over communism.

    Try going for rich for a change....you might like it.

    Posted by: dottydo | October 14, 2008 4:35 PM

    I want the liberals to explain again why everything related to economics is labeled by them as trickle down economics, especially when the vast majority of specifics are nothing to do with trickle down economy.

    For example, government buying up mortgages and lowering the interest rate. How is this trickle down? I mean, the savings goes DIRECTLY to the guy that took at the loan. This is neither trickle down or trickle up. It is a direct break to the homeowner.

    Oh yeah, now I remember, You dumbarses love to use idiotic childish buzzwords because that is what your voting base is able to understand. Nevermind. Pretend that I never brought it up.

    Posted by: KMichaels | October 14, 2008 4:34 PM

    McCainIsPopeye: "Tax cuts?!?

    We gave the ole' man an extra day to turn his homework in and all he can come up with is MORE tax cuts?!?"

    Funny, but the young black man is saying the same thing. The only difference is that the young black guy historically is for higher taxes and has only "seen the light" since he wanted to buy more votes by pandering.

    Just how many jobs do poor people create for others again? Oh yeah, NONE.

    Posted by: KMichaels | October 14, 2008 4:31 PM

    you give tax breaks to large companies to give them an insentive to stay int he US and keep jobs and money in the states. So yes you have to give tax breaks to large companies which happens to be run by wealthy people. They got wealthy because they or someone in there families past made inteligent decisions such as utilize labor overseas and production over seas for a quarter of the cost for labor and half of the taxes if the democrats want to continue to tax the large companies and are upset because all of our jobs are going over seas. people its time to wake up how can a person witht he criminal and terrorist ties along with a radical religious leader can even be in the situation of possibly leading this great country.

    Posted by: drkeller1 | October 14, 2008 4:31 PM

    6 point lead is nothing, definately Race issue is going to come up and hit obama hard finally when its time to vote

    Posted by: mrn744 | October 14, 2008 4:27 PM

    Southeastener said,
    "I like the idea but how to we pay for it?
    I still don't understand the idea of tax breaks when our gov't is bleeding money funding 2 wars and is being financed by China."

    You must have missed my earlier posting, so I'll repeat some of it. If you go to this website you will see that the capital gains tax cuts of the past actually increased business revenue and therefore, federal government revenue.

    http://www.ncpa.org/pub/st/st307/

    Posted by: mag1 | October 14, 2008 4:27 PM

    All Obama knows how to do is tax people and companies who make over $250K. Did it ever occur to him that many of these people get up early, miss lunch, work weekends, holidays, and long hours in making what they make. What about people who retired early and live on a shoe string so they can laze around? They deserve a tax cut, but hard working higher earners don't. Give me a break. I don't begrudge tax cuts for lower earners but I don't appreciate the begrudgement of tax cuts for higher earners.

    Posted by: MylesSchulberg | October 14, 2008 4:24 PM

    Will hard working Americans support to cater to the ”parasite class” and bury the American worker further? Mission almost accomplished.

    -------------------------------------------

    You mean, will the white collared workers that sit in their offices and spend half of their time on the internet cater to the HARD-working blue collar folks who continue to lose manufacturing jobs? Don't try these ploys. The only folks who are going to have their taxes raised are the ones who are spending their extra cash on unnecessary real estate, extended vacations; boy it'll be a hard crunch on those people who won't be able to afford to get their 16-yr old that BMW they promised them.

    Posted by: SteadyState | October 14, 2008 4:21 PM

    I like the idea but how to we pay for it?

    I still don't understand the idea of tax breaks when our gov't is bleeding money funding 2 wars and is being financed by China.

    Why don't both Obama and McCain tell me how they are going to cut $410 billion out of the 2008 budget???

    Both of you tell us how lower taxes and us buying more crap we don't need from China is going to help our economy?

    Once you build up a budget surplus go ahead and cut my taxes until then take my money!

    Posted by: Southeasterner | October 14, 2008 4:20 PM

    Posted by: kerr_lee |

    "I'd gladly pay the taxes if the benefit was there..."

    Diiiing! Another intelligent American. Second one today. Hey, we're doing pretty good today!

    Posted by: VMR1 | October 14, 2008 4:18 PM

    MY GOVERNMENT IS MY WORST ENEMY. I'M GOING TO FIGHT THEM WITH ANY MEANS AT HAND.

    THE QUOTE IS FROM JOE VOGLER, the raging anti-American who founded the ALASKA INDEPENDENCE PARTY, the very same SECESSIONIST party that her husband, Todd, belonged to for SEVEN YEARS and that she sent a shout-out to as Alaska governor earlier THIS year.

    PALIN SAID TO AIP: "Keep up the good work, and God bless you."

    SARAH PALIN WANTS OUR FLAG TO HAVE 49 STARS? WTF is WRONG with Republicans??? Are Republicans just about winning at any cost? This is the political party gave us EIGHT YEARS of BUSH and they are back for MORE.

    Sarah Palin’s husband, Todd, was a member the Alaskan Independence Party working for Alaska to secede from the United States. Todd Palin registered in 1995 until 2002 when he registered as "undeclared" while his wife ran for office. She sleeps with a man who is committed to the idea of destroying the unity of the United States.

    Sarah Palin and 'first dudes' have a political alliance with a TERRORIST WHO WAS MURDERED IN 1993 DURING "A PLASTIC EXPLOSIVES SALE GONE BAD."

    Todd Palin joined this political party two years later.

    "The fires of h3ll are frozen glaciers compared to my hatred for the American government… And I won’t be buried under their d@mn flag," - Joe Vogler in 1991, Founder of the Alaska Independence Party.

    IF YOU DON'T BELIEVE IT, FINE. LOOK IT UP FOR YOURSELF.

    PLEASE SPREAD THE WORD. The so-called "liberal" media is ignoring this.

    Posted by: wunderwood | October 14, 2008 4:17 PM

    >
    -------------------------------------------

    F--k you, I pay my fair share earning just above $60K as a single/independent with no kids or mortgage tax breaks. But I understand that we can't keep spending what we don't have without an increase in taxes. I'd prefer to keep this as the United States of America... not the United States of China.

    Posted by: SteadyState | October 14, 2008 4:16 PM

    Obama & Co. like to blame Bush's greed for the failing economy, but the subprime mortage crisis and the credit crunch had nothing to do with Bush's "greed" nor did it have anything to do with corporations making money. The corporations making money is what gave everyone there jobs until the liquidity crisis screwed everything up.

    Posted by: mag1 | October 14, 2008 4:13 PM

    Sarah "Ya Betcha" Palin... is the ultimate tool, another of many stunts from McCain, a political calculation to supposedly bring votes from Hillary supporters (actually their beliefs are the opposite), feminists (even though she's far from the feminist ideology), and those independents who can be easily fooled or some Jerry Springer fans who don't pay attention to details and just see cute faces and are only capable of understanding keywords ("joe six-pack", "maverick", "hockey mom", "he doesn't share our values", "pallin' around", "job creation", "drill baby drill" etc). We have seen during the last weeks that she's not, and probably never be, ready to be President or VP. She can't even answer questions that my 14 year old niece can, she barely survived the debate by repeating lines that someone wrote for her, giving non-answers and dodging the questions. Moreover she is already involved in corruption, unethical behavior and abuse of power. We need someone above the average... she's intellectually just alright. We cannot afford a "just alright person" for the hard times ahead. McCain put his political calculations first, not our country! McCAIN SHOULD HAVE KNOWN BETTER, SHAME ON HIM!

    Posted by: d_hyperion | October 14, 2008 4:09 PM

    Tax cuts?!?

    We gave the ole' man an extra day to turn his homework in and all he can come up with is MORE tax cuts?!?

    This is asinine.

    Posted by: McCainIsPopeye | October 14, 2008 4:09 PM

    FULL TEXT OF THE LETTER TO THE AMERICAN PUBLIC FROM 65 AMERICAN NOBEL LAUREATE SCIENTISTS

    An Open Letter to the American People

    This year's presidential election is among the most significant in our nation's history. The country urgently needs a visionary leader who can ensure the future of our traditional strengths in science and technology and who can harness those strengths to address many of our greatest problems: energy, disease, climate change, security, and economic competitiveness.

    We are convinced that Senator Barack Obama is such a leader, and we urge you to join us in supporting him.

    During the administration of George W. Bush, vital parts of our country's scientific enterprise have been damaged by stagnant or declining federal support. The government's scientific advisory process has been distorted by political considerations. As a result, our once dominant position in the scientific world has been shaken and our prosperity has been placed at risk. We have lost time critical for the development of new ways to provide energy, treat disease, reverse climate change, strengthen our security, and improve our economy.

    We have watched Senator Obama's approach to these issues with admiration. We especially applaud his emphasis during the campaign on the power of science and technology to enhance our nation's competitiveness. In particular, we support the measures he plans to take – through new initiatives in education and training, expanded research funding, an unbiased process for obtaining scientific advice, and an appropriate balance of basic and applied research – to meet the nation's and the world's most urgent needs.

    Senator Obama understands that Presidential leadership and federal investments in science and technology are crucial elements in successful governance of the world's leading country. We hope you will join us as we work together to ensure his election in November.

    Signed,


    Posted by: McCainIsPopeye | October 14, 2008 4:07 PM

    For those who are not sure that Obama is not qualified to be president. I think that he's more qualified than McCain and definitely far more qualified than Palin. Everyone, compare McCain's record with Obama's.

    McCain's student record (894 out of 899 in the Naval Academy and who actually got in the Academy using his dad's and grand-daddy's CONNECTIONS since they were both admirals) is less than MEDIOCRE. Oh, by the way, how come McCain got to fly (and recklessly crash) 5 planes if he finished at the bottom of his class? Answer: daddy and gran-daddy connections! After coming back from war, he CHEATED his first wife (since she didn't look all the good after a terrible accident) and married a millionaire who paid for his expenses to get in the Senate. Besides being a POW (who deserve respect for that but DOES NOT automatically qualify you to be president) he is empty. How many POWs do we have here in the US? Hundreds! Are they all qualified? No. That's a HUGE FALLACY, and has no logic. He has no relevant INTELLECTUAL accomplishments! Nothing. McCain actually is mentally unstable (ask anyone who has worked with him) and erratic, very dangerous to lead our country.

    Obama, who wasn't born with a silver spoon like McCain and studied his tail off, is a graduate of Columbia University, has a law degree from Harvard, editor of the Harvard Law Review, 12 years in politics, four years on the Senate Foreign Relations Committee and manager of one of the most impressively flawless and forward thinking presidential campaigns ever. He has shown a better temper and leadership during the crisis.

    Obama is far, far more qualified and smart than McCain AND Palin combined! Obama has knowledge, judgment, and yes, some experience in politics as he has proven during the campaign and the debates. In case needed, we have Joe Biden who can provide his huge experience. McCain on the other hand has Sarah Palin who can memorize lines and repeat them like a parrot and... a great smile! Can we trust her? Not a minute!

    Yes, when it comes to this election Obama and Biden ARE THE BEST TICKET, BY FAR. Period.

    Posted by: d_hyperion | October 14, 2008 4:05 PM

    Right, and it's also a lot different for those of us whose parents didn't buy their house for them.

    Or maybe you are one of those rocket scientists who thinks that because you earned some money on the stock market you are a Republican for life.

    Those of us in the middle who work for a living see that 8 more years of these idiots will result in more of the same; more war, more Larry Craig's, more Terry Schiavo's, more completely failed economic policies, and less constitutional protections.

    Idiot.

    Posted by: hacksaw | October 14, 2008 4:05 PM

    Johnny Come Lately McCain's economic proposal is just more trickle down laissez faire economics. Does anyone really believe that cutting the tax rate on capital gains and dividends, etc. creates jobs?

    Where is the job creation program, Johnny.


    Posted by: pbarnett52 | October 14, 2008 4:03 PM

    McCain has terrorist supporter on his team!!!

    Remember the name:

    William Timmons

    Posted by: thenotoriousflavio | October 14, 2008 4:03 PM

    Lord love a duck!!!
    The plan promises a cut in capital gains taxes when the only person in Amerfica left with capital gains is Warren Buffett...
    AND
    Everyone with more than $250,000 in one bank account will, have their savings guaranteed!!!!

    Did Tina Fey write this script?
    Are Republicans actually this clueless?

    Posted by: djah | October 14, 2008 3:59 PM

    Is it my imagination that McCain's campaign keeps copying Obama's ideas?

    Obama says, "We are the agents of change," and then McCain says, "we are change you can believe in," or something like that.

    The Obama says people under foreclosure should be protected, and now McCain says it.

    Bush copies Obama's ideas too.


    Sounds like this Obama guy should be running for president.

    Posted by: michaelfairbanks | October 14, 2008 3:58 PM

    I wonder how many Obamites posting on this article actually pay income taxes. (Not that that will stop their Messiah from sending them rebate checks.) Until you do, you have no idea what is good policy or bad policy. Here's a news bulletin for you: the real world is starkly different from living in your parents' house.

    Posted by: thinkwithyourbrain | October 14, 2008 3:57 PM

    McCain has a whaaa?.....a spending plan?

    I suggest everyone take their money out of 401k funds now...It gonna be gone!

    Posted by: brndmnd04 | October 14, 2008 3:53 PM

    OBAMA IS A SOCIALIST!
    HIS MOST RECENT SERMON CLAIMS:
    “I THINK WHEN YOU SPREAD THE WEALTH AROUND, IT’S GOOD FOR EVERYBODY.” What Barack means is for government taking from one group of people (the people who worked hard and earned it) and giving it to those who did not earned it (welfare cheats).

    WELCOME TO BARACK HUSSEIN OBAMA’S NEW AMERICA, IT’S CALLED REDISTRIBUTION OF WEALTH and his tax cuts for 95% of America is nothing more than Government welfare for people that don’t pay taxes at all. Haven’t we already been down this path ? This was done in the 70’s and the Democrats are bent on bringing it back.

    One of Barack Obama’s most potent campaign claims is that he’ll cut taxes for no less than 95% of “working families.” He’s even promising to cut taxes enough that the government’s tax share of GDP will be no more than 18.2% — which is lower than it is today.
    It’s a clever pitch, because it lets him pose as a middle-class tax cutter while disguising that he’s also proposing one of the largest tax increases ever on the other 5%. But how does he conjure this miracle, especially since more than a third of all Americans already pay no income taxes at all? There are several sleights of hand, but the most creative is to redefine the meaning of “tax cut.”
    For Barack Hussein Obama, a tax cut is no longer letting you keep more of what you earn. IN HIS REDISTRIBUTION OF WEALTH PLAN, A TAX CUT INCLUDES TENS OF BILLIONS OF DOLLARS IN GOVERNMENT HANDOUTS THAT ARE DISGUISED BY THE PHRASE “TAX CREDIT.”

    Will hard working Americans support to cater to the ”parasite class” and bury the American worker further? Mission almost accomplished.
    UNLESS YOU VOTE FOR THE PATRIOT JOHN MCCAIN, AND PRESERVE AMERICA AND OUR AMERICAN VALUES!

    Posted by: Manolete | October 14, 2008 3:52 PM

    Great. Now we have "competing" economic proposals from both candidates, and neither one of them is really going to help anyone or anything. Cut taxes on unemployment benefits? Sure, why not? This is bound to sound like a humane, popular measure...except that most people receiving unemployment benefits for any length of time don't typically pay taxes unless they are already very well off. Reducing the tax burden on people who don't typically pay taxes is meaningless, and yet McBama are proudly trumpeting the proposal.

    And Obama's campaign is right to laugh at McCain's proposal to cut capital gains taxes. What capital gains? The market is down about 30-40% this year.

    However, the same brain cells in the Obama campaign that are capable of this simple reasoning do not seem able to make the same analysis of Obama's own proposals, which are just as hollow and potentially destructive as McCain's are.

    Face it, both of these guys are bought and paid for by Wall Street fat cats. Neither of their proposals will help average Americans, and both are set to take the edge off of the credit collapse for Wall Street fat cats.

    We've nominated one candidate who has no foreign policy experience and no economic experiences, and another candidate who has no economic experience and no clear policy direction at all. The only month that is going to be more dreary than November is January, when one of these bozos takes over from the current bozo to lead the country further into ruin.

    Posted by: blert | October 14, 2008 3:51 PM

    Fascist regimes ALSO Nationalize key industries, don't let the far left take all the credit of what the far right does.

    Fight Fascism,
    Vote Obama.

    Posted by: DixieWrecked | October 14, 2008 3:51 PM

    As someone in his twenties who just started working, has no savings, but is trying to save up for my future, why should retirees and investors get all the tax cuts? Yes, it can be tough if your savings gets wiped out, but pretty soon, no one will have saving because they'll have to pay all the taxes to fund the goverment which has given away all our money to retirees and investors.

    Posted by: adamobrian | October 14, 2008 3:49 PM

    a couple of minor good ideas that are similar to Obama's, and wrap it in a capital gains tax cut to make the rich in your base happy and call it an economic plan? give me a break.

    and no, it's just absurd to claim that all tax cuts raise revenue. give it up. at either extreme of rates, revenue is low, somewhere between those extremes, it peaks. there's never a reason to be on the high side of the peak, because there's a lower rate that will raise the same revenue. if you are below the rate that causes economic activity to turn south, reducing overall revenues, then lower rates equal lower revenues, higher rates equal higher revenues. McCain is smoking something if he thinks that the 15% cap gains rate is inhibiting capital formation. what are the folks with money doing with it instead? buying real estate? I don't think so. it's just a cover story for the cap gains cut his rich donors want.

    Posted by: JoeT1 | October 14, 2008 3:47 PM

    Hey, let's face the truth about this election. The Republican Party threw John McCain under the bus, and gave the election to the Democrats when the fiscal crisis was at its peak and Mr. McCain suspended his campaign to go to Washington.

    Just think of how our conversations would be different today if the House Republican’s had exited the White House after the joint meeting with the President and said “We have some misgivings about the direction of the solution, and the current bill, but we will be meeting with Mr. McCain to work on a solution that will be agreeable to most in our Party. We will present our compromise solution when our leadership has brought us together for the sake of the country.”

    Instead, the conservative renegades began what will be the constant onslaught of right wing slander against any progressive solutions that address the needs of the poor and working class.

    We can expect this onslaught of lies and untruths for the next four years.

    Over the past several days I have heard Right Wing proponents place the blame for this crisis on Bill Clinton, Lyndon Johnson, and Franklyn Roosevelt. The three top proponents of working class advancement this country has ever seen.

    The Republican base is not working towards McCain’s victory; let’s stop fooling ourselves about that. They are working to solidify the fear and hatred that has given them victory in the past.

    We should expect lies, slander and misplaced blame to be the constant trumpet call of the misleading right as they concede the election to Mr. Obama, but continue slander him at every opportunity.

    So long as they keep up the lies and slander they can keep the focus off the problem. De-Regulation encourages corporated welfare.

    Posted by: larry20 | October 14, 2008 3:44 PM

    The gross national debt compared to GDP (how rich we are) reached its lowest level since 1931 as Reagan took office. It skyrocketed for 12 years through Bush I. Clinton reversed it at a peak of 67%. Bush II crossed that line on Sept. 22 and hit 69% on Sept 30. That's the highest it's been since 1955 (53 years ago).
    Bush did three things to skyrocket the debt from $5.7 trillion to $10 trillion:
    1. He lowered taxes on the rich (by far the biggest item).
    2. He invaded Iraq instead of winning in Afghan-Pakistan (another $600 B).
    3. He loosened controls on Wall Street.

    WHAT A COINCIDENCE, McCain backed all 3 policies!

    WHAT JUDGMENT???

    Posted by: d_hyperion | October 14, 2008 3:44 PM

    Squirrels must UNITE!

    No more Acorn-bashing!

    Posted by: RightDownTheMiddle | October 14, 2008 3:42 PM

    Burton obviously doesnt understand anything about the economy either, because anyone who has half a brain can see that cutting the capital gains tax increases money in taxpayers pockets which in turn boosts our economy making it stronger. In many ways, a solution for this horrific crisis that republicans are being blamed for could have been solved by suspending the capital gains tax, and bringing it down to zero, for a length of time. The economy would have turned around overnight. Of course then we would have had to find a way to replace those taxes that would have been missing in the federal budge. Buteven this would have been pretty simple because there are plenty of failing democratic government programs out there that could have been done away with.
    But Burton is an idiot.

    Posted by: yokoprako23 | October 14, 2008 3:40 PM

    PALIN GUILTY! Sarah Palin Troopergate Scandal -

    Governor Unlawfully Abused Power In Firing Public Safety Commissioner Walter Monegan HQ - Alaska State Trooper Scandal 10/10 In High Quality………………

    http://www.youtube.com/watch?v=Fzm6GbN0Aco

    Posted by: WVUWEIRTON | October 14, 2008 3:38 PM

    CEO POLL:

    Yesterday the CEO magazine publishe their poll on who CEOs thougth would be better on the economy.....

    80% favor McCain... many went on to state they believe Obama will completely destrroy what's left of our economy.

    Even high profile money dems like Donald Trump endorse Mccain.
    -------------------------------------------

    Because 751 Respondents, all of whom make millions of dollars represent what's in MY best interest? Yeah, right. Based on the way our economy has gone and the refusal to increase taxes on the highest bracket (therefore providing the government with more revenue so we could reduce our debt with countries like, oh I don't know, CHINA), I'd prefer to do exactly opposite of what these guys said. Not to mention the baited polling questions ("Which candidate do you fear most?"). No, these guys have taken us for a ride and their capital gains are not taxed like their income. It's time we show the CEO's who we are. It's kind of like asking most of large company owners back in the early decades of the 20th century how they felt about Teddy Roosevelt when he was on his big anti-trust push.

    Obama/Biden '08

    Posted by: SteadyState | October 14, 2008 3:36 PM

    McCain's economic plan boils down to reduction of Hedge Fund managers' and Sr. Executive tax rates to 7.5% and a bone thrown to Florida jews who can now withdraw their retirement funds without paying a dime of taxes.

    Screw the middle class is this man's motto.


    Posted by: dogsbestfriend | October 14, 2008 3:35 PM

    Please read Kdog1's post above. This is the kind of people that vote Republican.


    Republican'ts ..run your credit cards up as high as they go until no one will give you anymore. Then talk about how wealthy you are.
    Start fights with your neighbors and tell your friends that you're going to "win". You're a "Big Man".

    Do all you business with third world countries and tell everyone that this is somehow patriotic.
    Cut any money to the schools your kids go to and then blame the teachers for you rotten ignorant brats behaviour.
    Tell your kids abortion and contraception is not Christian, then fool around on you wife and watch you little girl get knocked up.
    And then, when it all falls apart, When no one will bail you out, your neighbors wish you were dead, your town has no jobs and your kids are stupid, fat and lazy.... just blame everyone else.

    That's a Republican's life style.

    Posted by: msmith97 | October 14, 2008 3:35 PM

    Phwew! I am astounded how many "Gayle Quinelles" exist in our country.

    Nothing but airheads, KKK friends, morons and GOP brainwashed idiots. Don't you see who ran this country in the ground. THE AIRHEAD YOU VOTED TWICE FOR and will leave a rich man, while we all keep on suffering.

    McCain PRESIDENT
    Airhead Moose Palin Vice President
    Gayle Quinelle Sec. of State

    Now that would be a ticket all you idiots would like

    Posted by: mackiejw | October 14, 2008 3:31 PM

    how 'bout all tax to be zero? I like that idea. Why only cap tax which most young people do not benefit while enriching old rich guys like McCain himself and his druggy wife? Cut the Social Security and Medicare Tax. Young people will never see a dime from that anyway. If anyone below 35 votes for McCain, he or she ought to examine his or her head really seriously. Old granpa wants you to milk us until death. What a joke.

    Posted by: jsp9999 | October 14, 2008 3:29 PM

    rsix35
    The middle class always gets screwed. They are not destitute enough for people to feel sorry for them and they are not rich enough to make their voice heard.

    Posted by: akmzrazor | October 14, 2008 3:26 PM

    Seriously though... I really do feel sorry for many of you posting here today...

    Many of you are suffering financially and really do want a better future. Just understand that Obama's future for you is not better... it sounds good... he delivers it well.... it just fundamentally is flawed.

    McCains ideas MIGHT... COULD... help strengthen our economy.

    Obama's plans and ideas lock in failure from the start.

    Youu don't raise revenue by increasing the tax rate and redistribute (Obama... welfare chack to 45% of Americans who don't even pay taxes)... you raise them by increasing the tax base (McCain... job growth... lower taxes)....

    This horrible economic crisis doesn't hurt investors like me... I made out like a bandit... but it sure hurt the heck out of many normal workers out there. Obama's plans will not phase me.... they'll break most of you.... I
    if you really are voting your pocket book you better really study both platforms and make a well thought out decision.

    Posted by: Kdog1 | October 14, 2008 3:23 PM

    Deaer kerr_lee,

    Thanks.. please pay my taxes. Please xplain how Reagan cut taxes and income for the Govt increased.

    Posted by: tbastian | October 14, 2008 3:22 PM

    The real outrage should be that Hillary had the nomination stolen from her by Obama with the use of ACORN. He provided them with $800,000 to get out the vote for him against her. I wonder if Mickey Mouse or the Dallas Cowboys voted for him ( a hundred times.

    Obama's ties with ACORN go back a long way and the organization with investigations in 11 states for voter fraud should really raise the question of his past questionable affilliations with people such as ACORN, Ayers, Wright and Rezko. Character does matter.

    Posted by: tbastian | October 14, 2008 3:20 PM

    Government spending, whether taxes are paid or not, is a tax in that it reduces the value of what you have. If you cut taxes you raise the deficit and thus the debt. We have eight years in which we must have learned this. We lived well for the moment and are paying now. If we feel like we got our money's worth, then good. Those who think that cutting taxes and increasing the national debt avoids payment are deluding themselves. That one candidate will raise or diminish taxes is a red herring. As one wise economist said, "There is no free lunch." Why do we think that not raising taxes means we don't pay?

    The problem is to find someone who is worthy of your trust, taxes be damned. I'd gladly pay the taxes if the benefit was there.

    Posted by: kerr_lee | October 14, 2008 3:19 PM

    http://www.ncpa.org/pub/st/st307/

    The Bush Capital Gains Tax Cut after Four Years: More Growth, More Investment, More Revenues

    Contrary to forecasts of revenue decline, federal revenues overall and from the capital gains tax increased in the four years since the investment tax cuts. Total federal revenues increased $740 billion (2003-07), and capital gains tax revenues increased from $55 billion the year before the tax cut (2002) to an estimated $110 billion in 2006 (all figures adjusted for inflation to constant 2006 dollars).

    Posted by: mag1 | October 14, 2008 3:18 PM

    McCain's got nothing! He's got no plan. He's got no game. He's got no ability. He's got nothing. So when you got nothing, all you do is point fingers and try to tear everything else down. If I knew nothing else about McCain I would look at that one fact and vote against him. You don't shine brighter by snuffing out everyone else's candle.

    If you can't build, then give the hammer to someone else. If you got nothing good to say, shut up! If you aren't going anywhere get outta the way and let the man walk on by.

    How stupid do you have to be to vote for a whiney, got nothing, no plan, no skills, rude, liar? Stupid enough to vote Republican!

    Posted by: msmith97 | October 14, 2008 3:18 PM

    Too little, WAY too late for McCain. Why can't a scholar like McCain (jk)realize (I'll put this in Palin speak...)"If yer gonna spend it, ya gotta have it to spend". So, if there are no taxes for anyone (pause for cheers from the crowd), how's anything going to get paid for without the future generations going into more debt? Why should my grandkids pay for the greed and corruption in our government today? Is this picture so hard to grasp? Our leadership should be modeling behavior, spending = taxes. The GOP likes to use the itred old slogan; tax and spend democrats. All the GOP stands for anymore is spend and borrow, and don't tax any of my friends. Personally, I'd rather it be; tax THEN spend whatever amount of money you have. If you don't have it, don't spend it. Especially both Bushes are criminal in their fleecing of our future generations in this regard. If they would have thrown Prescott Bush in prison as they should have for Nazi collaberation, the stinking BUSH gene would not have entered into our modern political system. We'd all be better off, and today's republicans would be acting like republicans, rather than some strange mix of socialism and fascism. My hope is that history is honest with the Bush name, and people hundreds of years from now spit on the BUsh legacy. Wake up people! We've all , (well almost all), been screwed by crooks in republican clothes!

    Posted by: humanbeng | October 14, 2008 3:15 PM

    Obama is doing real good on his plans for America.... so far he has a tax plan that will drive up inflation and drive businesses out of the country.

    He does not seem to have a plan for National security.

    No plan for the economy that has any meat to it.

    Just more FAR LEFT marxist socilistic ideas.

    It is alwasy the middle class who gets screwed in socialism... socialism never does pull the lower class up very far... but it sure drags the lower middle to lower upper down!!!!

    Why is it that there are a lot of countires that despise America's wealth??? Because they are not wealthy under their socialism.... and all of these countires that love Obama would be thrilled to see America brought down to their level.

    Posted by: Kdog1 | October 14, 2008 3:13 PM

    The new Democratic Slogan:

    Ask not what you can do for your country..
    Ask what your country can do for you..

    No wonder this country is going to the dogs..

    Nukem

    Posted by: Nukem | October 14, 2008 3:12 PM

    styna,

    You tell people to use their own words and do their own research, yet you copied your post directly from Obama's Fight the Smears website.

    In your research, did you also happen to notice that the page you copied and pasted from was not the original page that was there. It was stealthily replaced by Obama's people after it was discovered in archives that he did in fact work as a trainer for ACORN and with them in 1992.

    If you care to see what the page used to say: http://www.clevelandleader.com/node/7231

    The differences are subtle, but telling to anyone with a brain.

    Just like with all of his other uncomfortable associations, he is distancing himself from them now that their liability is potentially greater than their ability to help him.

    Now, on topic. Neither of their plans offer enough detail to make a decent assesment of their potential effect on the economy. Not only rich people have holdings that could result in capital gains taxes. Neither candidate is for the middle class. McCain for the rich and Obama favors the poor. The middle class is screwed.

    Posted by: rsix35 | October 14, 2008 3:12 PM

    I have issue with the continued short-sightedness of McCains answers (as well as Paulson's). To continue stimulating the economy by creating an environment of even more debt (without ensured production or validified redirectioning) is a bad idea when the market is overpowered anyways. The market has to shrink, and infrastructure has to be rebalanced, or eventually we will all come to rely on it absolutely - and that's not good. The secrets to staying alive (as a country, or a person)are diversity and adaptability. We are instead continuing to overinflate the economy as if it was the sole defining factor of American life, and it is not. Private markets do not promote necessities so much as profitabilities, and so if a necessity is dismissed through an illusion of abundance, then oh sh*t... Things like education, renewable energy and sustainable technology need to be developed as more regulated markets to ensure that we always have some money going to responsible causes (scrutiny and transparency can be enforced with technology since it would be a public enterprise)- and let the "free" market deal with frivolity - as it is so well attuned to doing. A separation of markets is necessary where human labor more accurately represents the worth of the dollar for all people. This will allow for a healthier form of competition, and promotes the unerrant truth that all men are created equal.

    Posted by: JRinBellingham | October 14, 2008 3:08 PM

    Can anyone tell me who they think the "middle class is" becuase i sure do not know who there are. Is it the family living in Kansas who makes 60,000 per year and housing costs are around 125,000 or is the family in California making 200,000 a year but the average home is 459,000? Lets stop the class warfare and look at what will benefit all americans. Tax cuts for everyone benefit all americans, not just a single segment. If you check the center for tax policy you will see that americans making less than 40k per year pay less than .5% of all taxes while those making over 100,000/yr pay 90% of all federal income taxes..so I ask again who exactly is the middle class? Is it you? Is it me? Any tax increases on business will deter or prevent hiring and therefore will not create jobs. Raising the payroll tax as obama has said he will do will also force employers to reduce payroll or delay hiring.

    Posted by: gwiener | October 14, 2008 3:08 PM

    The McCain plan is better than before. It's principal weakness is in tax policy. A rise in the capital gains tax for those earning over a million in capital gains is mandatory except for gains derived from a small business. For those people even Obama's capital gains tax is to small. For them there should be no distinction between capital gains and ordinary income.

    McCain simply can not resist giving excessive tax breaks for those who have profited disproportionately during the Bush years. That is what happens when your economic team is stuffed with industry insiders and lobbyists. That is for me the biggest economic difference between Obama and McCain.

    If McCain were to be president, Paulson would be replaced by a like minded Treasury Secretary and the nation would suffer in the process.

    Posted by: Gator-ron | October 14, 2008 3:07 PM

    SMALL, SMALL, SMALL!!!!!

    What the dems think of a small town mayor... not much.

    What do the dems think of a small population state... very little.

    What do the dems think of someone who graduated from a small regular college... very little.

    But.... if a small town mayor, a Gov. from a small population state, or someone who graduated from a small regular college don't matter to a liberal dem politician....

    How much do you think you'll matter if you're a regular person living in a small town, or a small population state, or if your a normal Joe who went to a regular small college?????

    Posted by: Kdog1 | October 14, 2008 3:06 PM

    When it comes to the economy it all comes down to who handles your money best...

    You or the Govt...

    I believe I can manage it better. Obama believes that YOUR money doesn't belong to you. YOU need to give it up to others and the Govt. Because you don't deserve it, you have more than enough and the Marxist Doctrine he follws says that your efforts are for the good of the whole. Class warfare is no way to run a country.

    I guess he wants to give it all to ACORN to distribute

    Posted by: tbastian | October 14, 2008 3:05 PM

    Styna, you say Obama and ACORN are not connected. YOU ARE WRONG!! Obama gave ACORN $800,000 to register voters!! Obama is being investigated now in connection with the voter registration fraud perpetuated by ACORN in THIS campaign.

    Obama is an empty suit with tons of baggage!!!

    Posted by: annnort | October 14, 2008 3:03 PM

    A chairman Mao quoting, self confessed economic ignoramous, who was brought up on a trust fund and whos wife looks after his finaces; has an economic plan.

    Hmm,let think now, hmm, No.

    Oh and he is from the same party as George Bush and Hank Paulson and follows the same philosohy as DEBT glorifier: "Reagan proved that deficits don't matter." Dick Cheney.

    Hmm, how can put this? NO WAY!

    Posted by: walker1 | October 14, 2008 3:02 PM

    kdog1 posted resulets from CEO Magazine saying CEOs pick McCain over Obama re: economy. Well it does not take a brain to realize the the CEOs have distroyed the economy of this country, so naturaly, they do not want Obama making things good again because their egos are way out of line. To pick McCain would let the CEOs go unregulated and another buyout in a couple of years --- NO Thank YOU!

    Posted by: msreginacomcastnet | October 14, 2008 3:02 PM

    Maybe it's because McSame is an "errorist".

    Posted by: kmsoftly | October 14, 2008 3:01 PM

    This guy knows what it's like to be "middle class"? Is his joking? He has 11 houses, oh, make that 10, he just sold one for a couple of million. As usual, McCain is always late with his ideas, steals them from Senator Obama & claims they're his, or wanders aimlessly about like a homeless person on a bad acid trip, looking for something, anything. And when is her going to send that dumbo from Wasilla home? He was a great American who threw away his ethics & morality for a last-ditch chance at glory. Forgot the country in the process. Thank God, one last debate, then he goes away.

    Posted by: pookiecat | October 14, 2008 3:00 PM

    "I know what fear feels like. It's a thief in the night who robs your strength"

    Didn't I read that in a Danielle Steel novel?

    Posted by: jelow | October 14, 2008 3:00 PM

    Wealth redistribution (stealing) does not work. Does anyone believe the wealthy will absorb the losses???? DuH.... they'll pass it on to the masses and we'll be left with what's called more inflation.

    If you follow the platform of Jimmie Obama... I mean Barack Carter.... you'll get the same result... as proven by a bunch of european countires... what do they all have in common besides socialism???

    Double digit inflation

    double digit unemployment

    greater class variance

    MUCH HIGHER TAXES

    higher interest rates

    lower aggregate standard of living

    A VOTE FOR OBAMA IS A VOTE FOR A WEAKER POORER AMERICA.

    Posted by: Kdog1 | October 14, 2008 3:00 PM

    1Nouri - I've been thinking about that same "Wag the Dog" scenario. The Republicans are probably working on a plan right now to have some major world threating situation pop up just in time to move peoples thoughts away from the economy. Then JM can start blowing his horn about being best to handle that situation. Your warning "BE VIGILENT" is timely. It's been done before.

    Posted by: lwcooke | October 14, 2008 3:00 PM

    Believe it or not this can be the beginning of our finest personal years. Consider self employment. www.LikeSoup.com

    Posted by: jc2728 | October 14, 2008 3:00 PM

    When should we look for his next plan? This Guy is showing that with all his years in Washington, his experience is no substitute for sound Judgement, originality, innovation. and Leadership.We must remember Gen. Wesley Clark's statement that being a fighter pilot did not give Mccain the executive and leadership skills to be Commander In Chief. How true this statement has turned out to be.He is now borrowing from Hillary Clinton's play book, calling himself a fighter. He must understand that a fighter seeks to display his own prowess, and a leader charts a honorable and beneficial course for his followers.Yes fighters can be erratic hoping to land that one punch to get victory. Our nation deserves better.

    Posted by: samiaelsberesford | October 14, 2008 2:58 PM

    McCain we didn't believe you then nor do we believe you now. You have been your worse adversary and Palin hasn't helped your cause neither. Sorry old boy, but you're out of torch with the American people. The "bread and circus" didn't work this time and leave the fear factors for Halloween.

    Posted by: egghd1697 | October 14, 2008 2:58 PM

    The erratic flip-flops of Sen. McCain is mind-boggling. After supporting tax cuts for the upper 1% of taxpayers for his entire career, he suddenly has discovered seniors and the middle class. I wonder why .... could it be that his campaign is crashing? Next he will probably come out in support of Medicare and assistance for military veterans.

    A vote for McCain is just a stamp of approval for the Bush disaster.

    northpoint-vet

    Posted by: ArmyVet2 | October 14, 2008 2:55 PM

    CEO POLL:

    Yesterday the CEO magazine publishe their poll on who CEOs thougth would be better on the economy.....

    80% favor McCain... many went on to state they believe Obama will completely destrroy what's left of our economy.

    Even high profile money dems like Donald Trump endorse Mccain.

    Posted by: Kdog1 | October 14, 2008 2:54 PM

    Captol Gains tax cuts help ALL of us with any money in the stock market ( including mutual funds ). Every year, at the end of the year we get "dividend dispurtions" that we pay taxes on. The "middle class" hold an enormous amount of stock in the form of mutual funds.

    Posted by: tbastian | October 14, 2008 2:51 PM

    news headline:

    MCCAIN VOWS TO CHANGE DIRECTION---EVERY DAY BETWEEN NOW AND ELECTION

    Posted by: jbzorg | October 14, 2008 2:48 PM

    As I said yesterday ... and now that Charlie Cris is off the McCain band wagon ...I am off also. We need to reinvent the GOP and wait foir someone like Jeb Bush

    Posted by: amitchell13
    ------------------------------------

    While I agree with you that the GOP needs help, and lots of it....there is no chance in hell America will ever put another Bush in the oval office.

    Posted by: beaversrus | October 14, 2008 2:48 PM

    Wow, someone with a plan and details of the plan. What a new concept... tax breaks instead of tax hikes like on that plmber... hey, he should give his money away to help others. it is patriotic after all.

    Increasing the size of Govt and making the "working class" more dependant on the Govt to survive is not a plan for success. It is a plan for disaster. But, it always sounds better to stick it to the evil rich.. who pay over 90% of all taxes now.

    Karl Marx and Obama.. a lot in common. I see how well it worked for the former USSR

    Posted by: tbastian | October 14, 2008 2:47 PM

    When a politician (any politician) offers you a too-good-to-be-true plan, be afraid. Be very afraid. Last week McCane was offering us a neo-comunist plan that the govt would buy shares in your home mortgage, thus making the govt part owner. That's what Leonid Bhrezhnev was doing back in the 1970's in the former Soviet Union!!!

    Posted by: yard80197 | October 14, 2008 2:46 PM

    So McCain wants Sr. executives and Hedge Fund managers to pay 7.5% in taxes? We all know they get their compensation in the form of Capital Gains and nobody else has any gains this year.

    ANOTHER TAX CUT FOR THE SUPER RICH!!!!


    Posted by: dogsbestfriend | October 14, 2008 2:45 PM

    "McCain Offers Economic Plan"

    My advice to McCain before embarking into something that himslef confesses not to understand, to move away from and let experts get on with it!

    Why dont you start by looking at yourslef and promote change within and to equip yourself as a citizen of the 21st century with Information Technology Skills and to be able to receive and to send an email like we are doing right now here!

    Then may be then I will say that this gentleman is really serious about change and he is willing to show us the way by upgrading his skills to the 21st century level!

    Every litle helps McCain! No need to thank me!

    I am sure you will take this in board during your retirment after the 4th November! Good luck!

    Posted by: 1Nouri | October 14, 2008 2:40 PM

    And HOW will McCain pay for these $52,000,000,000 worth of tax breaks? get Bermonkey to wave his hand and create more fiat money??? One of the main reasons we are in such big economic trouble, esp the seniors whose buying power diminishes by the minute, is because of all this deficit spending...so typical, the Republican cut-taxes-for-the-rich-and-deficit-spending-drunken sailor.

    Posted by: yard80197 | October 14, 2008 2:39 PM

    "In fact, many economists, including Federal Reserve Chairman Alan Greenspan, believe that the optimal tax rate on capital gains is 0 percent."

    Yes, Greenspan. Isn't he at the root of this problem?

    Posted by: treadwell1 | October 14, 2008 2:32 PM

    All these bail outs "rescue plans" help just one sector of the American people THE RICH. If we SPEND we help the rich ... if we TAX we also help the rich ... becausemost people become rich by finding the tax havens/shelters and loop holes. McCain cannot hide behind these promises and think that the middle class and poor would not see thorugh it. McCain made himself less credible with his erratic moves and proposals over the past 2 weeks. Even Romney is seeking distance from him to help us save the GOP. Good for him he is not throwing in the towel of surrender ... but, it looks bad for all those in Congress trying to hang on to his coat tails. Better they just ignore the current administration and look forward to 2012. Sarah does not help ... maybe on Saturday Night Live if they have a vacancy.

    Posted by: amitchell13 | October 14, 2008 2:32 PM

    This morning as I listened to John McCain introduce his latest economic plan, I was struck by his characterizing it as having been created in response to a need for a "swift and bold" solution to our current economic situation. Given his behavior over the past several weeks, which has been widely regarded as erratic, I couldn't help but wonder if what he saw as "swift and bold" wasn't actually impulsive and reactionary--not to mention conveniently rushed in order to meet the time frame of the final debate.

    The second thing that struck me was that McCain's plan appeared to be his and his alone. There was no mention whatsoever of consultation with advisors in formulating this plan. This is in stark contrast to Obama, who has hand-selected what is widely seen as one of the most highly regarded sets of advisors in recent memory. It is in further contrast to the manner in which McCain selected his running mate, which was apparently done for electoral purposes, whereas the Biden selection was made specifically with post-election advisory capacity in mind.

    Initial reactions indicate that McCain's plan is being panned by economic experts.

    Posted by: CuckooRaja | October 14, 2008 2:31 PM

    ok has anybody considered how much it is upto a president to implement an economic plan. Can you hold McCain (or for that matter Obama) responsible for not getting these plans implemented! Why shouldn't we think about this rather than thinking whose plan is better. I put these ideas together in my blog at whodoivote.wordpress.com. Some comments from bloggers here will be appreciated.

    Posted by: jojobar | October 14, 2008 2:28 PM

    mag, the heritage foundation? Why don't you just look for quotes from Phil Grahamm? Or maybe Thurston Howell the 3rd? All this is repackaged b.s.trickle down economics - I don't know about you, but I am tired of being peed on and told it's raining money.

    Posted by: LABC | October 14, 2008 2:24 PM

    More shots in the dark by McCain. He is clearly not getting good advice niether about his economic policies nor his campaign This speaks worlds about what he might do if elected. Great leaders are surrounded by the best and the brightest. This describes Obama not McCain.

    Posted by: jeffl240 | October 14, 2008 2:22 PM

    Herbert Hoover's economic plan: "A chicken in every pot."

    John McCain's economic plan: "A chick and a crackpot."

    Posted by: hamishdad | October 14, 2008 2:22 PM

    I just heard Robert Reich on MSNBC tell Andrea Mitchell that the one place where John McCain has not been erratic was on his staunch defense of tax breaks for the wealthy & this new package was no exception. For more news & opinion on the economic plans of the presidential candidates & other issues relating to the election, go to RealityChex.com at http://www.realitychex.com

    Posted by: marieburns | October 14, 2008 2:20 PM

    As I said yesterday ... and now that Charlie Cris is off the McCain band wagon ...I am off also. We need to reinvent the GOP and wait foir someone like Jeb Bush

    Posted by: amitchell13 | October 14, 2008 2:19 PM

    http://www.heritage.org/Research/Taxes/WM47.cfm

    Capital Gains Tax Cuts: Myths and Facts
    by The Heritage Foundation
    WebMemo #47
    Myth 1: Lowering capital gains tax rates will not help the economy.

    Fact 1: Cutting capital gains tax rates is the single best tax policy to improve economic growth.

    Capital gains play a unique role in fostering economic activity, especially by entrepreneurs in high-technology areas.
    The current top statutory rate of 20 percent significantly exceeds the optimal tax rate - the rate best for the economy -- because the tax code's bias towards consumption over investment and multiple taxation of investment returns limit investment and retard economic growth.
    In fact, many economists, including Federal Reserve Chairman Alan Greenspan, believe that the optimal tax rate on capital gains is 0 percent.
    Because government first takes money through corporate income taxes, taxation of capital gains (and dividends) represent double-taxation of investment returns and should be eliminated.

    Posted by: mag1 | October 14, 2008 2:18 PM

    We would have voted for Senator McCain had he not chosen Governor Palin as his VP. Senator McCain shot down his own opportunity to be elected President with this outrageous decision. There is only one option for him to be able to overcome this hugh mistake: Dump Palin and beg an experienced politician (one of the former Presidential candidates) to step up and take the position. Senator McCain is losing creditability by the hour.

    Posted by: rcwejw | October 14, 2008 2:15 PM

    jaysus...capital gains tax cut again? And who is this supposed to be helping?

    Posted by: LABC | October 14, 2008 2:15 PM


    HOW CAN THEY THINK IT WAS A 'SOLUTION'
    WHEN THEY STILL DON'T KNOW THE CAUSE?

    TARGETING OF AMERICANS BY GOV'T AGENCIES
    A ROOT CAUSE OF WALL STREET MELTDOWN?

    Once again, Congress rushed through emergency legislation -- socializing the capital markets, ceding effective control of the economy to the government.

    Officials continue to blame lax lending policies on the part of the mortgage industry for spawning this crisis.

    But were lenders ORDERED to offer "easy credit" to people "targeted" by government agencies?

    Is government "extrajudicial targeting" of American citizens a root cause of the mortgage meltdown that spawned the broader financial crisis?

    And is there a disinformation campaign underway to blame the Democrats, instead of ideologues who have hijacked federal agencies as their tool of "social engineering."

    Consider this:

    http://www.nowpublic.com/world/targeting-u-s-citizens-govt-agencies-root-cause-wall-street-financial-crisis OR
    http://members.nowpublic.com/scrivener

    Posted by: scrivener50 | October 14, 2008 2:14 PM

    I am seriously considering voting third party because of my reservations with both candidates. Both voted for the buyout, McCain voted against both the MLK holiday and to increase GI Bill funding, and I think that Obama should have ran for governor of Illnois and then the White House. With that said, Senator Obama is clearly more stable than Senator McCain. This is evident through his choice of Senator Biden. Senator Biden is colorful and frankly is capable of saying stupid things but you get the clear impression that he would, if necessary, exercise sound and levelheaded judgement. Governor Palin is far from stupid but her right wing hardline stance combined with Senator McCain's temperment is a lethal combination that does not bode well for this country.

    Posted by: goldenlady007 | October 14, 2008 2:14 PM

    McCain is starting to sound like a ... Democrat.

    Except for the capital gains tax relief for the rich, that is.

    But I congratulate him for coming around to Obama's economic plan in most respects. We'll make a Democrat out of McCain yet.

    Posted by: jlelijah | October 14, 2008 2:14 PM

    djaacson-

    This is the "Comments" section. That's all. We're not blogging. We're discussing.

    And you need to check your spelling & language before you hit 'send'.

    You're trying to sound wise and mature to the rest of us. But you just come off as a poor speller and bad writer.

    Posted by: styna | October 14, 2008 2:12 PM

    For those of you who like to blog,you need to post script them, for entertainment purpose only. Some of these opinions are very commical.If you dont have a degree in Economics, Finance,Accounting, or Political Sience, don't write of thing you know nothing of. Example: The only person who is experanced in being President is a second term President. No one konws how to do a job they have never done before.
    All Presidential candidates will tell you they will not rais taxes. That the biggest lie that any of them can tell . The government is finances thruogh taxes. The larger the country gets the more it takes to run it. Our country can not operate on faith. It need money, and that comes from you and me. So to all stop the ill language about either candidate because they both will have to raise taxes and reduce useless spending for all us to enjoy the greatest country in the world

    Posted by: djaacson | October 14, 2008 2:03 PM

    McCain Offers Economic Plan
    By Michael D. Shear
    IS THIS A JOKE?

    Posted by: 1Nouri | October 14, 2008 1:59 PM

    BE VIGILENT BE EXTREMELY VIGILENT!

    I WILL NOT BE SURPRISED FOR INTERMEDIARIES LIKE SAUDI ARABIA OR PAKISTAN BENG ASKED BY THE NEOCONS TO HELP THEM DELIVER A BLOW TO OBAMA'S CAMPAIGN BY EITHER

    1) A TERROR ACT

    OR

    2) FOR BIN LADEN TO DELIVER A TAPE THAT IS GOING TO BE USED AND PROMOTED BY THE RIGHT WING MAINSTREAM MEDIA OWNERS TO CHANGE THE FOCUS FORM THE ECONOMY TO WAR ON TERROR AS APRIORITY FOR MCCAIN'S ADVANTAGE!

    OTHERWISE THIS CMAPAIGN WILL BE ONE WAY TRAFFIC!

    EITHER WAY THIS IS A CRUCIAL TIME FOR TRUE PATRIOTS FROM DEMOCRATS AND MODERATE REPUBLICANS NOT TO FALL PREY TO KARL ROVE TACTIC THAT CAN BE UNPREDICTABLE AND HAVE TO BE WATCHED UNTIL THE 4TH NOVEMBER SO THAT IT DOESNT BRING ANY ELEMENT OF SURPRISE!

    Posted by: 1Nouri | October 14, 2008 1:56 PM

    The tax rate on withdrawing money from an IRA is fine. I never understood why unemployment benefits are taxed. But these are simply distractions from the real purpose of his proposal: to make the already rich richer.

    There is no sane economic argument that the 7.5% McCain wants to give away by lowering capital gains will help the economy at all. For people at or near retirement, their portfolio should be in income. For those not near retirement, their portfolio should stay in stocks. With the government's finances the way they are, Washington needs the 7.5% from people who are cashing out any capital gains. Take the money and spend it on fixing and replacing bridges, or doing the deferred maintenance to government property. That will provide jobs which will help demand by putting earned wages in people's pockets.

    Posted by: caribis | October 14, 2008 1:56 PM

    adrobinson,

    You are an idiot. That is the most idiotic thing I've ever heard. Idiot.

    Posted by: styna | October 14, 2008 1:55 PM

    So, what will mckane propose next week when this plan doesn't move the polls?

    Posted by: John1263 | October 14, 2008 1:55 PM

    Sarah Palin: Guilty of Ethics Violations!

    http://www.youtube.com/watch?v=6PY0_iHAbb4

    Posted by: WVUWEIRTON | October 14, 2008 1:54 PM

    Oh spare me. How OUT OF TOUCH can McSame get? Not too many people have capital gains to report this year. maybe Captain America should check the recent stock market performance for some additional insight.
    The retirement savings plan is crumbs for seniors, though the delay in mandatory draw-down couolld make sense, but only potentially.
    The only people I can think of who would benefit from the capital gains tax cut would be rich executives who exercise pennies-for-dollars stock options.
    So, there you have it. Shareholder Appreciation Day, 2008.

    Posted by: jmf3210 | October 14, 2008 1:51 PM

    adrobinson said:
    "If Obama was white, he would actually be a qualified Sarah Palin, who we see hasn't been laughed off the stage."

    Really?! You don't honestly believe that, do you?

    Palin, who went to seven (7!) community colleges before getting a journalism degree, then did the sports on local news and also winning a beauty pageant

    VS

    Obama who got a law degree at Harvard and worked for a Chicago law firm where he specialized in civil rights legislation.

    Posted by: franglais | October 14, 2008 1:50 PM

    Right McCain...like most of us losing everything own stock, and are worried about capital gains..huh? Obama has the plan that will help put this country back on it's feet, and besides that your plan will probably be different tomorrow, just like your whole campaign.
    GO OBAMA..WE'RE ALMOST THERE!

    Posted by: puredemo | October 14, 2008 1:49 PM

    Too late and who cares. We have already disqualified him for picking Palin, running a horrible, unfocused campaign and having nothing new to offer.

    Posted by: lsigalov1 | October 14, 2008 1:49 PM

    This is the most asinine non-plan he's put out there yet.

    Tax cuts aren't going to change anything except maybe put a few more bucks into people's pockets so they can pay off existing debt. There needs to be a fundamental change in the way the game is played, for example, strict usury laws that limit credit card companies to 10% interest.

    When do you suppose we'll see THAT from McCain? About the same time that hell freezes over, I reckon.

    -Wexler

    Posted by: WWWexler | October 14, 2008 1:49 PM

    Thought of the Day:

    When you sit down and reflect about everything you now know, do you REALLY think it would be a good idea to elect McCain into Office? Really? Is that a smart move?

    Think about it.

    Posted by: styna | October 14, 2008 1:46 PM

    A "crowd" of 1000 people? Where I come from we call that "curious onlookers".

    Posted by: treetopflyer | October 14, 2008 1:46 PM

    1 to 40
    V.
    1 1o 400

    Since 1968, there have been 10 US Elections:
    7 Republican Wins
    3 Democrat Wins.

    Also:

    Since 1968, the average worker to CEO ration of pay has gone
    from 1 to 40 - To now: - 1 to 400.

    A CEO after 7 Republican administrations (and only 3 Deomcratic ones) - now earns 400 times the average voter.

    VOTE YOUR INTEREST, NOT WHAT THEY'VE STRONG ARMED YOU TO DO!

    OBAMA/BIDEN '08

    Posted by: chevychasedesigns | October 14, 2008 1:45 PM

    Every minute of the day today, I keep reading conflicting reports about whether or not McCain will release his amazing tax plan.

    And voila! Here it finally is!
    And it's headline news.
    Oh, "by the way," the WP says, "Obama also released HIS tax plan...we'll talk about somewhere else..."

    Say what you will, McCain is THE master of getting free press. And the master of whinging when he DOESN'T get free press.

    We can...expect...more of...the...McSame!

    Posted by: franglais | October 14, 2008 1:40 PM

    See the winner of best Sarah Palin Impersonator
    http://www.youtube.com/watch?v=uMebGbcC2Sg

    Posted by: pastor123 | October 14, 2008 1:34 PM

    People lose their homes to bad mortgage deals because they had to borrow money they should have been paid in the first place.
    Out of control income disparity is the real reason for the crisis.

    Posted by: rooster54 | October 14, 2008 1:33 PM

    how long has it taken mccain to understand whats wrong with the economy? I guess when you have 13 cars and 7 houses, you are a little out of touch with what average americans are experiencing. The economy will be the most important issue to our country for the foreseeable future. at a minimum, we much have a president that understands the economy.

    Posted by: maq1 | October 14, 2008 1:33 PM

    even at this stage of crisis, the Republican party will not remove tax cuts for the wealthy from their platform.

    Posted by: realadult | October 14, 2008 1:31 PM

    Who did McCain accuse of not knowing the difference between tactics and strategy?
    McCain's frequent announcements of gimmicky populist "plans" seems to amount to no more than pulling rabbits out of his hat (or somewhere else).
    McCain has always lacked the judgement to think things through before acting.

    Posted by: rooster54 | October 14, 2008 1:29 PM

    POST FROM sonnychiba72

    "Obama and ACORN are involved in not only fraudulent voter registrations, they are responsible for the bad housing loans by pressuring banks to make loans to unqualified people. It is a fact."

    Please. Let me clarify...

    • Fact: Barack was never an ACORN community organizer.
    • Fact: ACORN never hired Obama as a trainer, organizer, or any type of employee.
    • Fact: ACORN was not part of Project Vote, the successful voter registration drive Barack ran in 1992.

    In his capacity as an attorney, Barack represented ACORN in a successful lawsuit alongside the U.S. Department of Justice against the state of Illinois to force state compliance with a federal voting access law. For his work helping enforce the law, called “Motor Voter,” Barack received the IVI-IPO Legal Eagle Award in 1995. (For more about Barack’s career, check out our Obama bio.)

    Ken Blackwell is best known today for disenfranchising Democratic voters in his dual role as Ohio Secretary of State and chair of George Bush’s Ohio campaign in 2004. To see him shed crocodile tears for the integrity of the vote while making accusations about Barack and ACORN with absolutely no basis in fact is disturbing.

    Blackwell’s attacks against ACORN and community organizers continue a vile Republican pattern of mockery and viciousness against this noble profession. Community organizers are the very individuals Republicans should be celebrating for helping people to help themselves rather than depending on the government.

    Please quit spewing inaccurate accusations. Stop and think about it. Do your own research. You sound like a moron.

    Posted by: styna | October 14, 2008 1:29 PM

    "Lowering capital gains taxes for stock selling? It's a terrible idea to encourage more stock sell-offs and profit taking gambling behavior in the market. Really bad idea"

    rjbunny, you prove that you are just a bunny.

    Its lowering LONG TERM capital gains tax man, that means a holding period of one or more years. Doesn't sound like speculation to me, but then I cannot tell what bunnies feel.

    Posted by: Srav | October 14, 2008 1:26 PM

    I can't imagine an administration run by McCain. He's all over the place

    Posted by: ac11 | October 14, 2008 1:26 PM

    So, what will mckane propose next week when this plan doesn't move the polls?

    Posted by: John1263 | October 14, 2008 1:25 PM

    It is sad that after all these years of tax cut for the rich, tax cut to build up the national debt, the one and only tool the Republicans have is more tax cut.

    He obviously does not know when the elderly who does not have seven, or is it eight, houses and who, unlike McCain who has a "socialized" government pension, have to cash out their IRA, that money is treated as regular incomes. So any amount of capital gain tax reduction is not going to do anything for them.

    Why doesn't McCain just declare a "tax holiday" for four years if he is elected?

    Posted by: steviana | October 14, 2008 1:24 PM

    I have never donated to a campain for anything however this yr I find it most important to kick the GOP out on there butts, & I have donated twice now. I have heard nothing but lies and promises and abuses of power and scandal after scandal from this party and I like I believe, most Americans are fed up!!! For our children & ourselves it is time for change. OBAMA/BIDEN 08-12

    Posted by: worriedinohio | October 14, 2008 1:17 PM

    Tonights the last debate, I predict we will be talking about how McCain really attacks obama afterwards. I think McCain is going to let him have it.Click Here To See Old Debates, Tonights Debate and Watch Debate Outtakes Cant wait to watch tonight.

    Posted by: pastor123 | October 14, 2008 1:16 PM

    McCain didn't bring out his plan until he took a look at Obama's plan. I am sure his writers were up all night working on a plan using Obama's plan as a guide. Obama-Biden'08... ALL THE WAY to the White House.

    Posted by: KareninMissouri | October 14, 2008 1:15 PM

    I have never donated to a campain for anything however this yr I find it most important to kick the GOP out on there butts, & I have donated twice now. I have heard nothing but lies and promises and abuses of power and scandal after scandal from this party and I like I believe, most Americans are fed up!!! For our children & ourselves it is time for change. OBAMA/BIDEN 08-12

    Posted by: worriedinohio | October 14, 2008 1:14 PM

    What a great plan John! You'd be saving the average American about $2.79 per year! If you get elected I plan on taking that savings and buying stock in the following:
    Lockheed Martin (because the F22 and the F35 are only 30 years ahead of any other enemy jet out there - better stay ahead)

    Raytheon (because the terrorists have missles that can hit us)

    This guy couldn't be more clueless!

    Posted by: beaversrus | October 14, 2008 1:14 PM

    The funeral business is booming:
    http://www.huffingtonpost.com/2008/10/14/financial-crisis-suicide_n_134453.html

    The traditional pre-election fuel cost-education scheme is in place to try to get McCain elected and his GOP colleagues re-elected.

    Now Bush and Paulson need to man up and add another $5 Trillion to the bank bailout to inspire 'confidence' ... and the stock market will jump 5000 points. Its a plan!

    Posted by: HCIHCMC1 | October 14, 2008 1:13 PM

    LostInWhiteAmerica

    If Obama was white, he would actually be a qualified Sarah Palin, who we see hasn't been laughed off the stage.

    Posted by: adrobinson | October 14, 2008 1:12 PM

    guys, this is an interview with the lady who called barack an arab..this was done after last friday's mccain rally..ignorance:

    http://whitenoiseinsanity.wordpress.com/2008/10/11/meet-gayle-quinnell-the-woman-who-called-barack-an-arab-at-a-recent-mccain-kkk-rally/

    Posted by: JudyAnn1 | October 14, 2008 1:10 PM

    This is what is so ERRATIC! about McCain, he flip flops on every issue, he was suppose to come out with this so call plan on yesterday and he didn't, so he waited on Obama to come out with his so that he would hope he would get the upper hand. SORRY JOHN to little to late, where were you months ago when the economy was going to hell, you said the economy was strong, well guess what it's not, and know that you're down in the polls you want to lick your wounds, this is just a gimmick to pass on 4 more years of the Bush policy. SORRY MAVERICK OR ROCKY, whatever you call youself these days!

    Posted by: mrscynthia_robinson | October 14, 2008 1:10 PM

    McCain's economic ideas benefit those with whom he is familiar: the upper tier of the upper class. Withdrawal of IRA money at 59 with lower tax rate? Great if you have a sizable IRA at age 59. Who has that? Those who need a bit extra for the boat payment? Lowering capital gains taxes for stock selling? It's a terrible idea to encourage more stock sell-offs and profit taking gambling behavior in the market. Really bad idea. A tax on stock trading would be a good idea: Income to offset the bailout and discouraging speculation/short term stock trading which destabilizes the stock market. And the third idea of eliminating taxes on unemployment benefits - small, tiny potatoes. If you're getting unemployment, 10% more is helpful, but not a solution by any means.

    Posted by: rjbunny | October 14, 2008 1:10 PM

    Why is McCain still campaigning in Pennsylvania? It's over there.

    Posted by: sollazo | October 14, 2008 1:09 PM

    This is another gimmick that goes totally against the core of McCain's Republican values.

    Changing of one's mind on a daily or weekly basis on the key issues of this election as John McCain has been doing is clearly demonstrating that he does not have a full grasp or understanding where he stands on those key issues. John McCain’s constant decision changes on the key issues could also be indicating a creditable lack of experience to be an effective leader.

    Posted by: amurray3 | October 14, 2008 1:06 PM

    Hum... trillions in the hole and this guy is proposing tax breaks. What an idiot. We need jobs. We don't have savings. We've lost that. This guy is so out of touch. The only one benefiting from his proposal is his own family with their 11 houses and huge stock portfolio.

    Posted by: Mr-Bentley | October 14, 2008 1:06 PM

    More Obama bloggers blasting the sites with their ideology! Get real!

    Obama and ACORN are involved in not only fraudulent voter registrations, they are responsible for the bad housing loans by pressuring banks to make loans to unqualified people. It is a fact.

    It is time Americans woke up and smelled the coffee. A vote for Obama is a vote for four years far worse than the Bush Administration. Can we really gamble America's future with a product like Obama? The answer is "NO." You can trust Barack Obama to be Barack Obama and it is "Obama First."

    John McCain is not George Bush and it is no more fair to say that than for me to say that Obama is Malcom X, although there are similarities; more so than linking McCain to Bush!

    The media has already put Obama in the White House but it is not over until the last vote is counted. Obama is not honest with the American people. He is involved in so many questionable dealings.

    It is not about race. It is about honesty and it is about experienced leadership. Obama is not the messiah! He is involved with ACORN. ACORN has cheated the tax payers. ACORN is responsbible for the bad housing loans and it is time to put the ball in their court. Obama likes to play basketball and the ball is dripping with the blood, sweat and tears of honest Americans that he continues to pound into the court with every bounce for self glorification.

    Posted by: sonnychiba72 | October 14, 2008 1:06 PM

    "we seem able to pay
    for bailouts and social 'programs'
    but we cant come up with the money
    to send our kids to Harvard.
    where do we sign up for the
    obama train of freebies???

    LostInWhiteAmerica

    Nobama

    Posted by: USA3 |"


    Your kids couldn't get into Harvard.

    Posted by: thrh | October 14, 2008 1:03 PM

    micretek,

    It is beyond silly at this point to think anyone but Sean Hannity, Sarah Palin and bunch of dead-end racist KKK members gives a crap about this William Ayers nonsense. No one is listening. Does the line "It's the economy, stupid!" ring any bells? Try at least to post something that sounds minimally intelligent.

    Posted by: timothywayne | October 14, 2008 1:02 PM

    www.debtrealignment.com The rest is largely an illusion, although there are specific options we should employ. But when we do not solve the big problems, cannot see the big picture, the tweaks ultimately will not be as efficient as possible. We would all be better off if we reached.

    Posted by: fiveman3 | October 14, 2008 1:01 PM

    "McCain was not tortured, PoW guard claims"

    "The Republican US presidential candidate John McCain was not tortured during his captivity in North Vietnam, the chief prison guard of the jail in which he was held has claimed.

    In an interview with the Italian daily Corriere della Sera, Nguyen Tien Tran acknowledged that conditions in the prison were "tough, though not inhuman". But, he added: "We never tortured McCain. On the contrary, we saved his life, curing him with extremely valuable medicines that at times were not available to our own wounded.""

    http://www.guardian.co.uk/world/2008/oct/14/uselections2008-johnmccain

    Posted by: nowanna3 | October 14, 2008 1:01 PM

    When asked how living in the state closest to Russia gave her foreign-policy experience....

    Palin responded with this blathering stupidity...

    "It's very important when you consider even national-security issues with Russia as Putin rears his head and comes into the airspace of the United States of America. Where—where do they go?
    It's Alaska. It's just right over the border.

    It is from Alaska that we send those out to make sure that an eye is being kept on this very powerful nation, Russia, because they are right there.

    They are right next to—to our state."
    . "It is from Alaska that we send out those …"

    [Ridiculious.....Unless Putin's head is 900 miles wide and can fly...]

    peeeuuu Palin has been given a set of talking points by campaign advisers, simple ideological lies that she repeats and repeats as long as she can.

    "Domestic Terrorist..."

    She sounds like a retarted parrot...

    But if forced off those pathetically rehearsed lines, what she has to say is often, quite frankly, moronic...

    Couric asked her a smart question about the proposed $700 billion bailout of the American financial sector.

    peeeuuu Palin had tried to get her empty skull and longhair around the problem in this crisis is that credit and liquidity in the financial system has dried up, and that that's why, in the estimation of Treasury Secretary Hank Paulson and Fed chairman Ben Bernanke, the government needs to step in to buy up Wall Street's most toxic liabilities.

    And peeuuu Palins further non-sensical rantings...

    COURIC: Why isn't it better, Governor Palin, to spend $700 billion helping middle-class families who are struggling with health care, housing, gas and groceries; allow them to spend more and put more money into the economy instead of helping these big financial institutions that played a role in creating this mess?

    PALIN: That's why I say I, like every American I'm speaking with, were ill about this position that we have been put in where it is the taxpayers looking to bail out. But ultimately, what the bailout does is help those who are concerned about the health-care reform that is needed to help shore up our economy, helping the—it's got to be all about job creation, too, shoring up our economy and putting it back on the right track. So health-care reform and reducing taxes and reining in spending has got to accompany tax reductions and tax relief for Americans. And trade, we've got to see trade as opportunity, not as a competitive, scary thing. But one in five jobs being created in the trade sector today, we've got to look at that as more opportunity. All those things under the umbrella of job creation. This bailout is a part of that.

    What????
    What does that mean?
    I'll tell you what that means...she is a fraud an "empty bag" with no tricks inside it.....

    ....A heartbeat away from the Presidency of the United States...

    ...Please remember that tirade above when you cast your vote November 4th...

    Posted by: AlexP1 | October 14, 2008 12:59 PM

    Those of you who keep beating that dead horse that the GOP is beating about Ayers and palling around with terrorist. Newsflash- He has told the truth. He hasn't said what you want to hear.

    Well I have something for you- When is Sarah Palin going to tell the truth about Troopergate. She says she has been cleared of all wrong doing.
    Newsflash! The bipartisan committee found she did abuse her power and violated ethics laws.
    Doesn't sound to me like she has been cleared and doesn't sound to me like she is telling the truth.
    So Obama has told the truth. When will Sarah Palin tell the truth? Never! You Betcha! Ye who is without sin throw the first stone.

    Posted by: bjlopez1130 | October 14, 2008 12:58 PM

    Why would America REWARD complete Republican failure ?

    We wont.

    Posted by: PulSamsara | October 14, 2008 12:56 PM

    Do you trust the Guy who lie about his terrorist friend to provide you a good lying economic plan to you?

    If yes, Vote Obama.
    If no, Vote McCain.

    Is it simple?
    Yes, It is simple.

    Posted by: micretek | October 14, 2008 12:55 PM

    Tax cuts are very helpful for people with incomes and portfolios. As we learned from the 1930s, the rest of us need public works project jobs, shelter, bread, soup. The Republicans remind me of that Roman fellow who played his fiddle while Rome burned. They constantly hunker down around their own little pile of gold, status or stuff. It's a wonder the great creator invented them at all. If we aren't our brother's keeper, what's our report card in heaven? Going to take that little pile of gold along with you and show it to God?

    Posted by: GaiasChild | October 14, 2008 12:55 PM

    I see this plan as a dangling carrot for seniors. I think this is one strong group McCain may have in his pocket. It is a smokescreen plan for the middle class voters to fool people into believing that McCain will bring about the changed they need. Hello the GOP all along has been for the wealthy and corporations. Now all of a sudden they are for the middle class? I betcha not! McCain is the GOP candidate. He is not for what we need, he is for winning.!

    Capital gains tax- Doesn't that benefit the wealthy?

    From wikepedia on Capital gains tax-"In the United States, individuals and corporations pay income tax on the net total of all their capital gains just as they do on other sorts of income, but the tax rate for individuals is lower on "long-term capital gains," which are gains on assets that had been held for over one year before being sold. The tax rate on long-term gains was reduced in 2003 to 15%, or to 5% for individuals in the lowest two income tax brackets (See progressive tax). Short-term capital gains are taxed at a higher rate: the ordinary income tax rate. The reduced 15% tax rate on eligible dividends and capital gains, previously scheduled to expire in 2008, has been extended through 2010 as a result of the Tax Increase Prevention and Reconciliation Act signed into law by President Bush on May 17, 2006 (P.L. 109-222). In 2011 these reduced tax rates will "sunset," or revert to the rates in effect before 2003, which were generally 20%."
    How much capital gains apply to the middle class? By this definition doesn't sound like it to me.

    No taxes on unemployment benefits. Sounds good. It temporarily puts more money in their pockets but these people need a good paying jobs with benefits to support their family. Unemployment benefits run out.

    This plan sounds good only to that GOP crowd but for the rest of us ordinary folks, it doesn't do anything for me.

    Posted by: bjlopez1130 | October 14, 2008 12:54 PM

    Do you trust the Guy who lie about his terrorist friend to provide you a good lying economic plan to you?

    If yes, Vote Obama.
    If no, Vote McCain.

    Is it simple?
    Yes, It is simple.

    Posted by: micretek | October 14, 2008 12:54 PM

    It seems pretty clear at this point that no matter what the economic problem is, as far as John McCain is concerned, the soLution is.......REAGANOMICS!

    Posted by: timothywayne | October 14, 2008 12:52 PM

    Ever wonder what would happen if MTV hosted a presidential debate, well now you get to find out.
    http://www.youtube.com/watch?v=752cvy86qH8

    Seems McCain may be asking Palin to take his place in the debate tonight.
    http://www.youtube.com/watch?v=uMebGbcC2Sg

    Posted by: pastor123 | October 14, 2008 12:51 PM

    Sounds weird and is not directed at the economy. The trickle down theory is what got us to the point we are now in.

    Just more trolling for votes.

    Posted by: Maddogg | October 14, 2008 12:50 PM

    Yea know, McCain has flip flopped a ton more than Kerry ever did. It reminds me of a fish out of water.

    Posted by: DonJasper | October 14, 2008 12:47 PM

    Just heard McCain speaking in Blue Bell Pa. offering an economic plan. Mr. McCain what took you so long? Your so called plan is more of the same. The biggest tax cuts are for the wealthy such as capital gains tax cuts. This more trickle down bs hoping that the middle class and working poor get some of the crumbs. It is obvious that the Grand Old Panic is devoid of any new ideas or a vision for the future.More of the same is not an option.Mr.McCain you would be representing big oil at the White House and possibly another war-that's a chance we can not take.

    Posted by: lagrsf | October 14, 2008 12:47 PM

    That's good! Vote McCain/Palin MAVERICKS OF ABUSIVE TEMPER/ABUSIVE POWER! Awesome

    Posted by: angelou | October 14, 2008 12:47 PM

    Mccain's proposal to lower capital gains tax and up the write-off limits for capital stock losses is a great one. The write-off will save people a lot of money especially in a down market like we have now. No wonder Obama spokesperson tactfully avoided the write-off part and stressed on the gains part.

    Obama will increase it to 25% and tax to death! what a shame!

    Posted by: Srav | October 14, 2008 12:47 PM

    eragz

    Why is the MSM supposed to be outraged? Because you are not a Obama supporter? What did Obama do? If someone wants their class to read about McCain they can. No one will be outraged about that either. You are looking for anything and anyone to blame for republicans losing this election. If you want to know who to blame go to 1600 Pennsylvania Ave. Thats the guy to blame for why the republicans cant retain their status. Not Obama, not the MSM, not McCain. Had bush not failed us as a leader McCain would easily win.

    Posted by: gdavis4 | October 14, 2008 12:47 PM

    You people sound so serious! Don't you remember that congress is on vacation until January sometime? Absolutely nothing these candidates say or do from last week forward makes any difference whatsoever.

    Posted by: eljefe99 | October 14, 2008 12:46 PM

    maverick == erratic == say anything, do anything === change it again tomorrow===ERRATIC!!!---Mccain says he doesn't understand the economy, and with these meager attempts at a change in his speech, he certainly proves he still knows nothing about the economy----It's time to elect Barack Obama and Joe Biden in '08 ---Let's get 'er done!!

    Posted by: benighse | October 14, 2008 12:45 PM

    "Barack Obama's memoir "Dreams From My Father" IN 8TH GRADE TEXTBOOK...That's right, a book by a current political candidate for president is being pushed on our children as LITERATURE.

    The book even presents a photo of the Senator at a campaign rally with signs advertising his campaign website address to help better indoctrinate the kids.

    No McCann,Palin or Biden mentioned...
    Where's MSM? Where's the outrage?"


    First of all, a link would be nice.

    If you are mad at a particular book, take it up with the school board. There are many books that cover a variety of subjects from drastically different points of views. Most kids read Huckleberry Finn in middle school. Are we therefore promoting racism and delinquency in our children?

    Also, autobiographies ARE a form of literature.

    Finally, eighth graders don't vote. Are you already worrying about 2012???

    Posted by: AgnosticEngineer | October 14, 2008 12:45 PM

    I guess no one has told McCain that the middle class (and certainly not the working class) do not derive their income from investments, but from salaries. So who cares about capital gains tax cuts? What capital gains anyway? Cindy McCain's?

    However, middle and working class people tend to have 401(k)s. Since they cannot withdraw the money early without penalty, they cannot write off capital losses, now can they?

    As for allowing 59+ to pay a lower tax rate, that's great. But who can afford to retire at 59 these days? I don't see anything in this economic "plan" to help out middle- and working class families in their 30's, 40's, and 50's, i.e., the families who are worying about losing their homes, their jobs, having affordable healthcare for their children and themselves, never mind educating their children so that they can have decent-paying jobs in the future.

    Some McCain's aide said that this electoral campaign was not about the issues, but about character. Whoever it was was blind, deaf, and dumb. While McCain and Palin are fanning the flames of racism and terror at their rallies - as examplified by Palin's unforgivable characterization of Obama as "palling with terrorists" -- Obama has been calm, composed, respectful, and he has offered decidedly well-thought-out plans.

    McCain has no plan. His campaign comes up with rapid- and stupid-response plans. He has nothing to offer.

    Posted by: Gatsby1 | October 14, 2008 12:45 PM

    MORE LIES FROM PALIN/MCCAIN! Here we have more empty desperate promises by Palin Angry McCain. He has been lying to America for the past 26 years, voting against us, Middle Class, but all of a sudden, 3 weeks before elections he has solutions for our troubles? What kind of Angry man is this? NEW SLOGAN "TOO LATE ANGRY MCCAIN"

    Posted by: angelou | October 14, 2008 12:44 PM

    eragz,

    Read some of the reviews of "Dreams of My Father" written before this election cycle. A lot of folks seem to believe it's one of the best political memoirs actually written by a politician.

    As far as Palin goes, I personally wouldn't have any problem with kids studying Palin's email that she wrote in 2005 in connection with the TrooperGate scandal. I think there are probably quite a few 8th grade teachers who could use the email as a "teachable moment" -- they could have kids take the email home and translate the email from Palinese into English.

    Posted by: JPRS | October 14, 2008 12:44 PM

    These are trinkets in a time we need meat.

    Obama's got the meat!

    No more fiddling with the tax code, that really isn't going to fix the economy. These measures are like re-remodelling the staterooms of the Titanic.

    What a sorry disgrace!

    Posted by: ethanquern | October 14, 2008 12:41 PM

    I strongly believe that McCain is mentally unstable, i dont think that he realize whats going on in his campaign, he is trying every thing under the sun to see what sticks, in a way I feel sorry for him , he should just retire and seat on a rocking chair on the porch of one of his mansion drinking his metamucil

    Posted by: capskip | October 14, 2008 12:41 PM

    McCain's "OL' GEEZER EXPRESS" has run out of straight-talk and the wheels are falling off:

    MCCAIN HAS AN ABUSIVE TEMPER AND PALIN ABUSES POWER.

    PALIN IS BUSTED. SHE IS CONFIRMED AS HAVING ABUSED PERSONAL POWER IN HER GOVERNOR'S OFFICE. VIOLATED ETHICS. PERIOD. WHAT PART OF THIS DON'T PEOPLE UNDERSTAND?

    The finding of Palin's guilt in abuse of executive power speaks worlds about John McCain's lack of judgment. But of course he admitted he had only met her personally ONE TIME before he selected her--was it with the other Joe Six-Pack's at a bar, and he decided to take her with him? Who knows, there are not even any pictures of him meeting with her before he selected the LUV GUV!

    She's no longer a pitbull, but has to go back to being a sleddog ---....As the ol' song says: You go North to Alaska, you go North perhaps you know, ....way up North....North to Alaska.... -- RIGHT NOW PLEASE!

    No longer a pitbull, but looking like a weasel--a little ol' mavericky weasel-you betcha!

    It'll be painless when we become Mccainless and palinless...

    Let's put Obama and Biden to work for all America, and let's do it now!!


    Posted by: benighse | October 14, 2008 12:41 PM

    While I have no problem with McCain cutting taxes for those having problems it's simply more welfare for the rich for those that do not need it.

    Focus those tax cuts for people who have lost their jobs. GIve the help for retirees with income under a set amount. Someone with a high income should not pay a 10% or 7.5% tax rate on any income.

    Take a minute and look at the impact of McCain's plan on people in the highest income levels. Then explain why people with multi-million dollar incomes should get these lower brackets when the average taxpayer is paying far higher taxes on their income.

    Posted by: KHMJr | October 14, 2008 12:41 PM

    The persona of the "OLD ANGRY ERRATIC McCAIN" known locally as MR. GRUMPY is hardly a person worthy of voting for when IT'S THE ECONOMY and he doesn't have a clue----And JUDGMENT???? To select the unethical Palin??? NO THANKS====DEMOCRATS, INDEPENDENTS AND REPUBLICANS IN MY FAMILY ARE ALL VOTING FOR OBAMA AND BIDEN THIS TIME AROUND!!!

    Posted by: benighse | October 14, 2008 12:38 PM

    Yup, it's GOP Shareholder Appreciation Day in the McCain camp. Who designed this? Cindy?

    Posted by: jmf3210 | October 14, 2008 12:37 PM

    This isn't going to get any traction. Not enough meat, no novel ideas aside from traditional Republican dogma. And I agree with the Obama campaign, this is too little, too late. The damage is done for McCain; he lost his chance to lead on the economic crisis long ago. Everything he does from here on out is just going to look like catch-up.

    Posted by: ManUnitdFan | October 14, 2008 12:37 PM

    What exactly is the purpose of McCain's "economic" proposal?

    What objective is his proposal supposed to achieve?

    I can see some short term benefit to seniors with substantial 401Ks -- e.g. the reduced tax-payments would off-set the reduced size of some portfolios (on the flip-side the higher limits might encourage people to pull money out of investments further devaluing the value of their investments -- assuming enough people sell $50,000 roughly around the same time).

    In terms of addressing the core issues associated with an economic recession -- e.g. decreases in consumption, job growth, and economic activity -- it's not clear that McCain's "Economic" plan does a whole lot. Sounds pretty half-baked.

    Burton makes a good point too about capital gains. Not sure what that's supposed to achieve.

    I'll be curious to see if McCain stands by his spending freeze idea too. Hoover tried that one as well in 1931. Things didn't turn out so well.

    Posted by: JPRS | October 14, 2008 12:36 PM

    WILL SOMEONE ASK ABOUT MCCAIN’S HEALTH PROBLEMS…AND ERRATIC MENTAL HEALTH....AND I DON’T JUST MEAN HIS AGE AT 73, BUT WHY HE DRAGS HIS LEG WHEN HE WALKS, AND WHY HIS LEFT EYE HAS AN INVOLUNTARY TWITCH, AND WHY HE IS SO ANGRY AND MEAN-SPIRITED, AND WHY HE CAN’T REMEMBER ANYTHING FROM DAY TO DAY, AND WHY HE SAID “MY FELLOW PRISONERS”—THIS IS NOT NORMAL….MR. GRUMPY NEEDS A REST FROM POLITICS!----It's time to put Obama and Biden to work for all America!


    Posted by: benighse | October 14, 2008 12:36 PM

    It seems that EVERY SINGLE opportunity the Republicans get they want the Capital Gains tax cut. How is that "fighting" for the middle class, most of whom are not in an income bracket where this tax cut would make any difference.

    Posted by: Schweg | October 14, 2008 12:34 PM

    The plan still does not address the economic woes of the middle class ..and people who do not have 401k's and stock portfolios... just more grandstanding rhetoric aimed at fooling the people....

    Posted by: sabrina2 | October 14, 2008 12:34 PM

    OT:**** Racine,Wiscons-Unified Public School District****
    Barack Obama's memoir "Dreams From My Father" IN 8TH GRADE TEXTBOOK...That's right, a book by a current political candidate for president is being pushed on our children as LITERATURE.

    The book even presents a photo of the Senator at a campaign rally with signs advertising his campaign website address to help better indoctrinate the kids.

    No McCann,Palin or Biden mentioned...
    Where's MSM? Where's the outrage?

    Posted by: eragz | October 14, 2008 12:28 PM

    "I will help to create jobs for Americans in the most effective way a president can do this -- with tax cuts that are directed specifically to create jobs and protect your life savings," McCain said...."


    More of the same old give big breaks to big money interests. What part of this already failed under Bush is McCain missing?

    Posted by: fishingriver | October 14, 2008 12:23 PM

    obama is unqualified for
    the position of president.
    If he was white he would
    be laughed off the stage.
    This is oddly bizarre that
    this liberal 'free at last'
    codependent american state
    is what you fools will leave
    to your children.
    HUGE SPENDING....
    a government financed home
    for everyone, on the backs
    of america's working middle
    class, we seem able to pay
    for bailouts and social 'programs'
    but we cant come up with the money
    to send our kids to Harvard.
    where do we sign up for the
    obama train of freebies???

    LostInWhiteAmerica

    Nobama

    Posted by: USA3 | October 14, 2008 12:22 PM

    How does this fit in with his spending freeze? Or did Mr Erratic dump that?

    Posted by: julian9682 | October 14, 2008 12:06 PM

    The comments to this entry are closed.

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