Simple Economics

John McCain has admitted he does not know very much about economics, and has rubber-stamped all of the Republican Party's economic plans throughout the Bush Administration. He does not see the US economy has having any problems, so has no plans to improve things. He promises more of the same, because he sees the current state of the economy as rosy.

Here's the actual effect of the GOP economic plan on US citizens

• US personal income just had its largest drop in 3 years


• Record borrowing by the government, unwilling to balance the budget leaving future administrations and generations to fix and pay for their crony giveaways


• This year alone 1,000,000 more people have lost their health insurance


• The poverty rate is up to 12.5%, which means we have over 37,000,000 citizens living in poverty, even with many of them working, some with multiple jobs


• Bankruptcy filings rose almost 30% to 967,831 from just a year ago


• Business bankruptcy filings jumped more than 40%


• Increasing unemployment


• Inflation increasing and ready to soar


• Fuel costs through the roof


• Massive foreclosure problems


• Bank collapses and government bailouts


• Tax breaks for the ultra-rich, and tax subsidies for big oil and corporations who ship American jobs overseas

I suppose the economy is pretty rosy when you dump your wife for a mistress that inherited a 9-figure fortune, and you have more houses than you can keep track of. Like other rubber-stamp Republicans, McCain would be BAD for the US economy.

Personally, I prefer Obama's plans of tax breaks for the working class and companies who keep jobs in America. I prefer working towards energy independence, off of oil as much as possible. I think the country overall is better off when poverty is reduced and everybody can get access to affordable healthcare. McCain's stubborn adherence to the party-line approach of trickle-down (aka voodoo) economics just doesn't make sense
for anyone but the ultra-rich.