Tuesday, March 25, 2008
McCain and Economics doesn’t sound correct?
Sen. John McCain took a golden moment to shine before rubbing his face right back into the dirt. Sen. McCain said that he would not be willing to give any money back to people who were taken advantage of during the recent mortgage crisis but rather would wait to see how the market would reset over time. Also, Sen. McCain does not believe in updating any of the current regulations of the market and instead would demand a small down payment from all those applying for a loan. Sen. McCain also mentioned publicly that it is time for banks to stop giving out loans to people who can’t afford repay them. I think that Sen. McCain could try letting the government help those in debt by changing his plan from remaining in the Middle East for fifty to one hundred years to a significantly shorter time so our country will not dive further into a recession. Sens. Clinton and Obama opposed Sen. McCain’s ideas saying that the country cannot wait while another president sits around and watches our country to fall to pieces. Sen. Mc Cain has said many times to the public that he does not know a great deal about economics. He has proclaimed this for the past two years yet still says that the appropriate course of action is for nothing to be done. This country is in an economic crisis and does not need another President Hoover to take office and start a second Great Depression.
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Stefan Covert wrote a blog about his distaste for John McCain and his economic plans. In some aspects I agree with Stefan, and in some aspects I don't. I think Stefan is probably a smart fellow, but I don't think he did go into enough detail stating his opinion on the matter, perhaps he was pressed for time. He argued that John McCain has poor economic plans and doesn't know much about the economy in general, and it seems that he thinks that people should vote Democratically instead. I agree with his positions on John McCain's economic stance, but I don't think that Clinton or Obama would really do a much better job. As far as the evidence he provided, the author referred to things that the candidates have said, which I think was sufficient evidence for his argument. His conclusion may have been a bit overstated and I hope he wasn't accurate, but it stated his position. If a person were to have stumbled upon Sefan's post, he may have been influenced to not vote for McCain, because it was written in a “straight up” style that could effectively influence people.
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