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Originally Posted by Etoille  Didnt peg you for an opportunist Soriak. I'm impressed! |
Hah, you have to pick your fights
Plus, he'd have a hell of a time finding evidence favoring McCain on economics. Goolsbee (Obama's economic adviser) and Holtz-Eakin (McCain's adviser) met for a small debate round about tax policy. Goolsbee went first and pretty much ripped McCain's plan to pieces. When H.E. got his chance to counter, all he could come up with was saying that tax policy isn't everything. He's a bright guy, you'd think he could offer something... (last I checked, McCain's economic policy still consists of vetoing pork-barrel projects - and they still haven't come up with a single project they would cancel. I guess they don't have to, the media isn't pushing that question. Plus, everyone loves to cancel government projects, just as long as it's not one they're profiting from. Saying you'll cancel something specific is only going to lose you votes.)
McCain also seems to believe that lowering taxes leads to more government revenue. At least that's what he himself said (prefaced with the condescending "as everyone knows...") and one of his advisers confirmed... except Holtz-Eakin says McCain doesn't actually believe that. The false impression is simply because McCain has to simplify things for the audience... huh? This is rather fundamental. Either you think lowering taxes raises revenue more than the cost of the tax cut, or you don't. The latter is backed by studies, the former is wishful thinking. (Wouldn't it be nice to have lower taxes and more revenue?)