Decaturight

Destinguished economists dismiss Obama's plan

369 economists have signed a stement which concludes:

"Barack Obama's economic proposals are wrong for the American economy.  They defy both economic reason and economic experience."

Economists for McCain

What about austerity?

WITHIN THE billions of sentences about the financial bailout there is one word notably absent, austerity. All talk is of payments, supports, subsidies, incurring more debt, stimulus packages. The thesis seems to be: If only we spend more the party can go on. True, only if the financial meltdown is a temporary mismatch and dislocation in housing and credit markets. But suppose there is something fundamentally wrong with the US economy. Then spending more will not fix it. Getting the diagnosis right means getting the treatment right. It may save us a trillion or two.

The subprime collapse is one symptom of years of little regulation, under-taxing, overspending, and massive debt.

Boston Globe

Paulson agrees with McCain on the fundamentals

On NBC's Meet the Press Sunday, Treasury Secretary Henry Paulson voiced confidence in the long term fundamentals of the U.S. economy. According to Reuters:

Asked about the fundamentals of the U.S. economy, Paulson said, "I won't bet against the American people ... We will work through this."

John McCain has taken quite a beating from the Left and its captive media for saying essentially the same thing:

"My opponents may disagree, but those fundamentals, the American worker and their innovation, their entrepreneurship, the small business, those are the fundamentals of America and I think they’re strong."

Nice to know that Paulson has McCain's six convered...

Blogs for John McCain