Monday, November 10, 2008

McCain’s Economics

For six of the past seven years, Republicans have held the White House, both branches of Congress and the Courts. They keep telling us that if we just gave them a little more time and power, everything would be great.. Yet, in the first three months of this year, 200,000 jobs have been lost, three airlines have gone belly-up and gasoline is hovering around $4.00 a gallon. The Fortune 500 has created a total of zero new jobs. Under Republican control, income fell for the poor, income remained flat for the middle class, but income for the wealthy kept flying. Today’s newscast announced that home foreclosures could reach a trillion dollars and Wall Street must have a $700 billion bail out or we are all in the tank.
John McCain talks of winning the war in Iraq, (whatever that means), without the least concern for the billions of dollars the U.S. is borrowing from Saudi Arabia, China and European countries and how and who will pay it back. He offers hope in what he calls an “ownership society,” which is a way of saying, “You are on your own.” Of course, Mr. McCain’s income is one of those that went up in the past seven years. (His wife’s worth is reported to be $100,000,000.) Why should he want anyone to rock the boat?
This year’s election is crucial. We must look at what’s happening all around us, ask questions about McCain’s economic plans and vote.

Thomas Are
September 29, 2008

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