{"id":14293,"date":"2008-01-19T12:40:37","date_gmt":"2008-01-19T17:40:37","guid":{"rendered":"http:\/\/www.thecarpetbaggerreport.com\/archives\/14293.html"},"modified":"2008-01-19T12:40:37","modified_gmt":"2008-01-19T17:40:37","slug":"mccain-blames-economic-slowdown-on-government-spending","status":"publish","type":"post","link":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/mccain-blames-economic-slowdown-on-government-spending\/","title":{"rendered":"McCain blames economic slowdown on government spending"},"content":{"rendered":"

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

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>.<\/p>\n

A few days prior, at a Republican debate, McCain said<\/a>, “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.”<\/p>\n

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

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.<\/p>\n

“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.<\/p>\n

“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.<\/p><\/blockquote>\n

What on earth is this guy talking about?
\n
\nFirst, how is it that McCain thinks the economy is “strong” on Monday and “not good” on Friday?<\/p>\n

Second, how is it, exactly, that government spending had anything to do with today’s deteriorating economic climate?<\/p>\n

Third, hasn’t government spending historically promoted<\/i> economic growth?<\/p>\n

Fourth, would a McCain administration try to improve the economy by reducing spending? If so, how much? And where would these cuts come from? <\/p>\n

And finally, given that McCain fully admits that the “issue of economics is not something I’ve understood as well as I should,” maybe he should stop talking about it?<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[617],"tags":[],"class_list":["post-14293","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/posts\/14293","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/comments?post=14293"}],"version-history":[{"count":0,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/posts\/14293\/revisions"}],"wp:attachment":[{"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/media?parent=14293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/categories?post=14293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/tags?post=14293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}