McCain blames economic slowdown on government spending

[one...two...tree 2,762]

John McCain recently acknowledged, “The issue of economics is not something I’ve understood as well as I should.” He added, however, “I’ve got Greenspan’s book.”

I’m quite certain The Maestro isn’t helping. In South Carolina, McCain told an audience a couple of days ago, “Every time in history we have raised taxes it has cut revenues.” As a matter of reality, McCain was talking gibberish.

A few days prior, at a Republican debate, McCain said, “I don’t believe we’re headed into a recession. I believe the fundamentals of this economy are strong and I believe they will remain strong.”

Now, McCain, who presumably would have learned something about economics after serving in Congress for the last quarter-century, blamed government spending for creating an economic decline that he didn’t believe existed less than a week ago.

John McCain blamed overspending by the federal government in part for the nation’s economic troubles as South Carolina voters Friday received the sobering news that the state unemployment rate had hit 6.6 percent, the largest one-month increase in nearly 20 years.

“As a Republican, I stand before you embarrassed. Embarrassed that we let that spending get out of control,” McCain told voters on the eve of the state’s GOP primary.

“The economy is not good. The stock market continues down. And the indicators are not good. I’m not too astonished…. We let spending get totally out of control, and it continues today, and I’m sorry to tell you this,” McCain said at a town-hall style meeting at the Carolina Hospital East Campus in Florence.

What on earth is this guy talking about?

http://www.thecarpetbaggerreport.com/

[Ban Hammer 13,346]

anyone wonder why i think mccain is an idiot?

[Mr. Big Dog 10,747]

anyone wonder why i think mccain is an idiot?

Why's that? Because he's pointing out that the Republican party has become the big spender of public funds club? The only way to correct a problem is to first acknowledge that there is one. As long as the big spenders that run the GOP live in denial, it's only going to get worse.

[Ban Hammer 13,346]

anyone wonder why i think mccain is an idiot?

Why's that? Because he's pointing out that the Republican party has become the big spender of public funds club? The only way to correct a problem is to first acknowledge that there is one. As long as the big spenders that run the GOP live in denial, it's only going to get worse.

i'm sure he had nothing to do with that spending either.

[Mr. Big Dog 10,747]

anyone wonder why i think mccain is an idiot?

Why's that? Because he's pointing out that the Republican party has become the big spender of public funds club? The only way to correct a problem is to first acknowledge that there is one. As long as the big spenders that run the GOP live in denial, it's only going to get worse.

i'm sure he had nothing to do with that spending either.

Everyone in Congress does and did. Very few are willing to stand up and admit it, though.